I will be the first to tell you I dunno crap about the stock market. I am always interested in companies earnings though and this week we will hear 4th quarter earnings from Amazon, Google, and Yahoo.
Yahoo is up today, then Amazon will be on weds (jan 30th), and Google will be on the 31st.
Shoemoney’s idiot stock market predictions – Lets see how a stock market idiots does.
Yahoo tomorrow will announce a disappointing 4th quarter but will save some face with the announcement of 1000-1500 layoffs. The stock is currently at 20.78 per share. I predict by the end of this week Yahoo! stock will go down (but not that much). Perhaps 5% or so. Even in as bad a shape as Yahoo! is in they could have a tremendous upside if they trim the fat and “focus on the profitable projects” (shoemoney slogan). Yahoo! still has market share in countries like Japan and I really think they have a strong upside… but a few more disappointing quarters and we could be looking at 4$ YHOO stock again like 2001.
Disclosure – I own Yahoo! stock
Amazon had the best holiday season yet :
Amazon.com is walking tall after reporting its best holiday season ever.
And the Nintendo Wii was flying faster than Santa off the virtual shelves, at a rate of 17 per second, the company announced yesterday.
The Web store’s busiest day was Dec. 10, when customers ordered 5.4 million items – 62.5 per second.
Amazon stock has been falling (down %20) since the first of the year (when it was almost 100$ a share). I think its still a little overpriced at 75.82 (current) and even though they will announce a monster 4th quarter the stock will still be around 75$ end of week.
Full Disclosure – I do not own amazon stock
I think Google will meet 4th quarter expectations and the stock will rise a bit to 600 by the end of the week. Its currently at 555.98 per share. Google was just approved that in can bid in US wireless auctionads and I look to see them make a serious run for the new 700mhz spectrum. Interestingly enough Microsoft is also approved to bid on the new spectrum.
Full Disclosure – I own Google Stock
So what is your predictions ?