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Good morning! ______________________________ OVERVIEW Is June 30 America’s Debt D-Day? | Pimco’s Bill Gross thinks so because it’s when the Fed stops buying Treasuries and we see if anybody else steps forward. The Economy Keeps Improving | The Federal Reserve’s Beige Book reported that economic activity continued expanding in early 2011. Apple Extends Its Lead [...]
We’ve owned Advanced Micro Devices (AMD) in The Kelly Letter for a while now, with a cost basis below $10. Over the weekend I received a note from an analyst I’ll call Robert, who subscribes to the letter, from which the following: You need to face facts on AMD, and spare your readers endless rationalizations [...]
Facebook is seen as a threat to Google’s advertising business, but a closer look at the differences between the two models shows Facebook to suffer some big disadvantages. 18-Minute Podcast Episode Receive this and future episodes in iTunes or another player with this feed URL: http://jasonkelly.com/rss In iTunes, go to the “Advanced” menu, select “Subscribe [...]
The Kelly Letter added Sprint (S) to its watch list earlier this month. We use the list to keep an eye on promising stocks so we can buy them more cheaply later. Sprint shares are down 9 percent since we began watching them, so patience has paid. Many people have argued that the drop in [...]
I covered in yesterday’s Kelly Letter several stock ideas for 2011, one of which was Safeway (SWY). From the letter: Finally, a stock that I literally walked into while thinking about good stock ideas: Safeway. The lowly grocery store doesn’t compete well against the high-tech and exotic financial plays on the table, but it’s a [...]
Good morning! Here’s what you need to know: ______________________________ OVERVIEW Do We Need The Federal Reserve? | We once did fine without it and we seem to be hankering to end it. New Google Price Index Shows Deflation | Since official stats are slow, the much faster Google stat is the one to watch. How [...]
The Kelly Letter bought shares of Google (GOOG) in the midst of the subprime financial crisis at an average cost basis of $407. They rose to a high this year of $630 on January 4, fell to a low of $434 on July 6, and closed Friday at $500. I listed GOOG as one of [...]