Both Intel and Yahoo had bad earnings reports. This is likely to have a palpable impact for several days.
Several days?
It is probably a good bet that Yahoo (client holding) will see $40 in our life time, or more likely, before Valentine’s Day.
Intel is a different story. Intel no longer makes the most important kind of semi-conductor. One phrase I have used to describe companies is that nothing is going to happen in so-and-so’s industry without so-and-so.
This is true for a lot of companies but not forever. I think Intel’s time with this description is over until it proves it can be relevant in different parts of the chip world.
Yahoo still owns this distinction as pertains to the Internet sector.
Yahoo is a long term holding for most clients. While I was writing this post I bought some stock personally at $35.50. For the first $0.34 I am wrong. Hopefully the next few weeks are better.
Wikinvest Wire
2 comments:
Mayhem...look at at Tokyo.
Hello Rodger.
Last night my boss and I were looking at after market trading and saw the drop in Amazon. He bought some, and then I saw the Yahoo drop that seemed to be overreaction. And we both bought some in after markets.
Yahoo missed some whisper numbers but overall had some good statements about earnings and revenue growth.
Looking at the graphs today show that Amzn and Yahoo might have been some overselling but Intel is just slowly bleeding today.
Sounds like a good Valentine's day gift?
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