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The Wall Street Wizard is a Social Networking website focusing on stocks, bonds, mutual funds, index funds, and other investment vehicles.

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US Market News

GE revenue trails estimates, CEO lowers outlook (Reuters)

General Electric Co warned investors that the economic contagion that has dragged down its finance and media businesses has spread to its heavy industrial units, prompting Chief Executive Jeff Immelt to lower his profit forecast for those businesses.

Stocks open lower after latest earnings reports (AP)

More mixed signals on the U.S. economy and earnings reports are sending stocks lower in early trading. Bank of America Corp. and Citigroup Inc. became the latest banks to report big second-quarter profits on Friday, but both showed continued weakness in loan portfolios.

Gilead Sciences shares rise on J&J deal (AP)

Shares of Gilead Sciences Inc. edged higher Friday after the company said it is working with a unit of Johnson & Johnson to develop a single daily antiretroviral HIV pill.

Premarket roundup: CIT, Google (AP)

Some retailers have suppliers with exposure to troubled commercial lender CIT which could slow or stall shipments to stores ahead of the crucial holiday shopping season, an analyst said Friday.

Wall Street opens flat as data offsets earnings (Reuters)

Stocks opened little changed on Friday as upbeat housing data for June counteracted worry over the quality of corporate profits from General Electric Co and Google Inc .

Ahead of the Bell: CIT may disrupt retail shipping (AP)

Some retailers have suppliers with exposure to commercial lender CIT, an analyst said Friday, which could slow or stall shipments to stores ahead of the crucial holiday shopping season.

Ahead of the Bell: Google edges lower after 2Q (AP)

Google Inc. shares edged lower ahead of Friday's market open after the online bellwether posted second-quarter revenue growth of 5 percent -- a stark contrast from recent quarters with growth rates of 30 percent or more.

Ahead of the Bell: Defense spending (AP)

A key congressional committee's spending proposals for fighter jets and other military hardware would help Boeing Co., Lockheed Martin Corp. and General Dynamics Corp., an analyst said Friday.

Ahead of the Bell: Steel recovery seen (AP)

A recovering economy in China, rising prices and easing inventory destocking are expected to help bolster earnings of steel companies despite numerous other troubles in the industry and U.S. economy, an analyst said Friday.

Ahead of the Bell: Badger Meter falls after 2Q (AP)

Badger Meter Inc. shares fell ahead of Friday's market open after the water meter producer reported second-quarter results above analyst estimates, but said its quarterly revenue slipped 9 percent.

Blog Posts

Ray

Revisiting UYG

So back on March 5, 2009, I told you all about my purchase of the UYG (Ultra Financials ProShares) ETF at $1.77 a share. Since then, the ETF has rallied to $3.82 a share as of its close today, April 13, 2009. A $100 investment back when I recommended investing would have earned you about $215 for a gain of $115. A $10,000 investment would have earned you about $21,581 for a gain of $11,581. A cool $1,000,000 investment would have presented gains of $1,158,192. This is an ETF that has more than d… Continue

Posted by Ray on April 13, 2009 at 7:42pm

Ray

What Am I Buying Lately?

PowerShares DB Crude Oil Dble Long ETN (DXO)

The investment seeks to track the price and yield performance, before fees and expenses, 200% of the daily return of the Deutsche Bank Liquid Commodity index - Optimum Yield Oil Excess Return. The fund allows investors to take a leveraged view on the performance of crude oil. The index is a rules-based index composed of futures contracts on light sweet crude oil (WTI) and is intended to reflect the performance of crude oil.

Posted by Ray on March 18, 2009 at 2:01pm

Ray

What Am I Buying Lately?

The financial industry is taking a pounding, so why not buy a financial ETF that is at its all time low?

Ultra Financials ProShares (UYG)

The investment seeks daily investment results, before fees and expenses, which correspond to twice the daily performance of the Dow Jones U.S. Financials index. The fund normally invests 80% of assets in financial instruments with economic characteristics that should be twice the return of the index. It may employ leveraged investment techniques in seeking i… Continue

Posted by Ray on March 5, 2009 at 12:28pm

 
 

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