BOSTON (MarketWatch) — James Sinegal, equity analyst covering financials at
Morningstar, says that investors who want to “buy what’s cheap and buy what’s
solid” will find that there are a lot of potential buys among financial stocks.
But he said it may take an iron stomach to ride out the volatility that is
inevitable given the sector’s current problems.
“If [...]
American Express feeling pinch from economy
Profit down 6%, not as steep as forecast
By Riley McDermid, MarketWatch
Last Update: 9:08 AM ET Apr 25, 2008
NEW YORK (MarketWatch) — American Express is feeling the pinch from a worsening
U.S. economy as financially stressed consumers make fewer payments less often,
analysts said Friday.
The credit card giant reported Thursday that first-quarter profit [...]
Everyone knows that Warren Buffett is one of the greatest living investors. The guy’s not known as the “Oracle of Omaha” for nothing. But while shares of his Berkshire Hathaway holding company look relatively cheap in terms of their price multiples, the actual stock price might be a stretch: Berkshire’s A shares (BRK-A) currently go [...]
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