Goldman Sachs just upgraded the steel sector and picks like AK Steel have soared in the last few months … so should you buy?
Not a bargain
Don’t think this gives you the long-awaited bottoming in hopes of a white knight buyout. After all, BlackBerry’s big crash after Prem Watsa’s $9 per share offer should prove to you that some dragons are impossible to slay.
Holiday spending is obviously a big deal to retailers, so it will be interesting to see whether this survey — admittedly an unscientific, web-based one — bears itself out in actual consumer behavior.
Consumers certainly don’t have their swagger back in their entirety just yet, but Priceline and Expedia earnings show there is some upside for travel stocks — if you know where to look.
Moving on up
Sure, a resurgent real estate market has lifted Zillow stock in 2013. But going forward, the shift towards online real estate listings and a focus on housing data could provide long-term lift to this internet stock.
It’s unclear whether hybrids will be able to hold their own going forward as electric vehicles become increasingly more affordable. But the Tesla surge in 2013 could be evidence that we are seeing the EV revolution right now, and at the cost of gas-electric hybrids like the Toyota Prius.
Budget deficit hawks should notice the U.S. government’s shortfall is down by half since 2009. But with overall federal debt still heigh, does it matter?
The move from Walmart isn’t just to be patriotic, and seems logical as it becomes easier to make U.S. goods profitably and as consumers insist on local products more and more.
Despite disappointing margins, the Russian internet giant did report third-quarter sales and EPS above Wall Street forecasts. And with its Google-like dominance in the fast-growing internet space of Russia, there is big long-term potential.
A little help?
BlackBerry execs begging Facebook to buy out the embattled smartphone maker seems to hint that BBRY has hit a new level of desperation.