Stock Pick: Banco Bradesco (BBD) at 2005-12-04 19:53:36
I had some cash to use today and bought Brazilian bank Banco Bradesco (NYSE: BBD). I wanted to increase my international stock exposure. The only other ADR that I own is America Movil (AMX). Banco Bradesco is benefiting from a growing Latin American economy and increased foreign investment. With a growing economy there is great demand for cars in Brazil and they need loans. Banco Bradesco will continue to benefit from loan growth. I was considering buying Unibanco (UBB) but I feel (BBD) has better momentum. I still believe both are good investments.
With this purchase my portfolio is 10% ADR/International stocks.
America Movil (NYSE: AMX) Cup and Handle at 2005-12-04 19:53:36
I am not a chartist but this chart of America Movil (AMX) has a nice "Cup and Handle." For those who are chart illiterate this is generally considered a bullish chart for the underlying stock. Please post a comment if you agree or disagree.
Note: I am long (AMX)
Bullish or Bullsh*t Stock Market Chart at 2005-12-04 19:53:36
You got to love what I call the "super bulls." These are people that are bullish on the stock market the vast majority of the time. I am not ripping on "super bulls" or "super bears." I think a healthy stock market needs both. I came across Harry S. Dent's website, which has a preview version of his newsletter. I pulled this chart from the newsletter. Mr. Dent will be right eventually. The Dow cannot trade between 10,000 and 11,000 for the rest of eternity. It might help to put some good companies in the Dow. Or at least take out the "52 Week Low" stocks (Alcoa, GM, Merck, SB
Stock Pick: Intuitive Surgical (ISRG) at 2005-12-04 19:53:36
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