This week picks are:
Google(Nasdaq: GOOG) is a great choice for a long term, with over 190 million people using google's search on Android and a fast growing new social network Google+ with over 40 million users makes the company a lucrative choice for an investment. The search engine and techniques are changing and we will see a switch in the technology over the years. Everything speeds up and becomes more focused. We believe that Google has capacities to adopt the change and maybe invent something groundbreaking. If not Google, who else?
ProShares Ultra S&P 500 Fund (SSO) is a rather volatile title, following the market in its ups and downs, being in a strong uptrend like most issues - a definite buy.
Mastercard (NYSE: MA) As the company expects debit card use to grow, despite new U.S. government rules. "Consumers are flocking to debit cards because they are intrinsically superior to checks," said Leland Englebardt, Mastercard's group head for global network products, overseeing the company's ATM business. Strong buy.
General Motors Co (NYSE: GM) is a good company to put on a watch list. Despite of a 9% percent decline recently, the company showed better-than-expected third-quarter results. Revenue increased 7.6% year over year to $36.7 billion. However, the company also announced that it will not meet its goal of GM Europe breaking even on an adjusted EBIT basis, citing "deteriorating economic conditions."
Overall, in today’s conditions we think the best tactic is to stay cautious and try to cash out, If you are an active trader or have your own reasons, why not try to split your portfolio in half, so that 50% stays in your pocket and 50% works? With the news from Italy and Greece collapsing along with the Eurozone cracking it is a good idea to sit tight and watch the world around.
In USA stocks declined as political turmoil in Italy killed any hope that the government is able to come up with a working plan to reduce its debt load. Prime Minister Silvio Berlusconi saying he is leaving was a short relief, however, he never specified the timetable for the actions to take place and the budget be voted. This may take several weeks, or even more, it is Italy after all. 10-year Italian bonds were yielding over 7%, the level that sent Greece, Ireland and Portugal to seek EU bailouts.
Data as of Nov 11th 2011, photo credit: Randy Lemoine
LittleSkylark
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