Wednesday, December 12, 2007

Post-Fed Analysis

I applaud the Fed for their move yesterday, and not caving in to the people clamoring for a .50% cut. There is still too much information that needs to be seen. Many economic measures are holding up nicely, and there is no indication that we're set for a recession. Yes, there is a liquidity problem with the banks, but there are many other portions of our economy that are doing quite well.

Some notes on portfolio holdings:

Manitowoc (MTW): The crane company I've like for awhile. They guided earnings up significantly for both 2007 and 2008. Lots of positives for this company. The stock is up 9% this morning.

AT&T (T): Raised their outlook and share buyback yesterday. This company is clicking on all cylinders. Apple iphone is helping. This news also bodes well for a company like Cisco (CSCO), and stock I'll probably add on any weakness.

News Corp. (NWS/A). They are due to close on their deal with Dow Jones this week. I'm hoping for some weakness in the stock price due to that. Sometimes when a company acquires another, shareholders don't like it because it adds debt, which means less near term money for shareholders. But I like the long-term prospects for this company. They are building a brand that is now going to have a major business news presence.

No comments: