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Wednesday's "Earnings Beat" Makes This The Perfect "Bad-Market" Tech Stock

In last week’s Private Briefing report Our Experts Show You the Stocks to Pick in a ‘Stock-Picker’s Market’,” Money Map Press Chief Investment Strategist Keith Fitz-Gerald identified SanDisk Corp.(NasdaqGS: SNDK) as one of three stocks to buy in the face of the stock market sell-off.

And now we see why…

  • Oil

  • China Blazing Its Own Trail in Africa China's trade with Africa has increased ten-fold over the past decade, as the rising Asian power has rapidly matured into a political and economic powerhouse. And with China still in the thralls of an epic growth spurt, its designs on Africa's resources are beginning to conflict with those of the West. Indeed, Africa – with […] Read More...
  • Traders Anticipate a Drop in Oil Prices as Supply Outruns Demand The number of traders betting that oil prices will drop outnumbers the number of traders who believe they will rise by the largest margin ever. Some analysts believe prices will fall significantly lower in the near future – at least into the low $60 a barrel range – after soaring to $75 a barrel in […] Read More...
  • The Only Way to Profit From a Stock Market Bubble Former U.S. Federal Reserve Chairman Alan Greenspan said it was impossible to tell a bubble while you were in it. Well Alan, I’ve got news for you: We’re in one now. The Standard & Poor’s 500 Index is up 58% from its March lows, gold has finally broken through the $1,000-an-ounce level – and may […] Read More...
  • The World's Most Exciting Market – Until They Spoiled it Over the past year, Brazil has established itself as one of the most exciting markets in the world for investors. Its Bovespa stock index is up 55% this year. And the discovery of the huge new Tupi oil field off its east coast has led some investors to refer to Brazil as the "New Saudi […] Read More...
  • Oil Prices Gaining Momentum as OPEC Keeps a Lid on Production The Organization of the Petroleum Exporting Countries (OPEC) said yesterday (Thursday) that it would keep production quotas at 24.845 million bpd and urge members to adhere to targets, as global demand has yet to return in full. However, a report from the International Energy Agency (IEA) indicated that demand is recovering more quickly than previously […] Read More...
  • Three Big Reasons Oil Prices Will Rally Back Big Time Experts roundly agree that the recession is only a short-term blip in the long-term escalation of oil prices.

    And this time, there are 1.05 trillion reasons why oil is going to climb well past its peak last year. Read More...
  • China Continues its Commodities Binge with Brazilian Oil Deal By Jason Simpkins Managing Editor Money Morning China Development Bank, one of China's largest state-owned enterprises, has agreed to lend $10 billion to Brazil's Petrobras (PBR) in exchange for a long-term supply of oil – the latest illustration of how Beijing is using the global downturn to further its domestic agenda. Money Morning first reported […] Read More...
  • Exxon Records Biggest Profits in U.S. History By Don Miller Associate Editor Money Morning Exxon Mobil Corp. (XOM) reported the biggest annual corporate profit in U.S. history on Friday, even as crude oil prices plummeted from summer highs, pummeling comparable fourth-quarter earnings by 33%. Exxon reported profits of $45.2 billion for 2008, continuing an epic run that investors have almost come to […] Read More...
  • OPEC Left to Deliberate as Oil Prices Plummet By Jason Simpkins Associate Editor Money Morning Crude oil prices have plunged two- thirds from its record high during the summer, and the likelihood they’ll fall further has caused panic among oil-producing nations and inspired the Organization of Petroleum Exporting Countries (OPEC) to call another meeting this week to discuss possible production cuts. After blitzing […] Read More...
  • OPEC Production Cut Up in the Air as Members to Clash Over Oil Prices By Jason Simpkins Associate Editor Money Morning In the face of the worst worldwide financial crisis since the Great Depression, the Organization of Petroleum Exporting Countries (OPEC) is expected to cut crude-oil output and raise prices at an emergency meeting in Vienna tomorrow (Friday). But even with crude oil prices down more than 50% from […] Read More...
  • How China is Beating the United States in the Global Oil Game By Keith Fitz-GeraldInvestment DirectorMoney Morning/The Money Map Report Iraq recently signed its first oil deal in 35 years with a foreign company. And – quite surprisingly to many observers – the company wasn’t one of ours. Not surprisingly, the U.S. news media barely acknowledged the deal – even though the agreement was major news throughout […] Read More...
  • Oil Slides on Safe Storm Passing, Stronger Dollar By Jennifer YousfiManaging Editor Oil prices dropped yesterday (Wednesday) as news that oil majors’ Gulf of Mexico facilities were unscathed coupled with the dollar’s seven-month high against the euro sent crude futures lower. Light sweet crude oil for October delivery dropped 86 cents to $108.85 per barrel on the New York Mercantile Exchange (NYMEX) yesterday. […] Read More...
  • China and Iraq Finalize Oil Contract, as Western Oil Majors Waver By Jason Simpkins Associate Editor China and Iraq will sign a deal next week to develop the Ahdab oil field, 100 miles southeast of Baghdad, at time when political gridlock and security concerns have cast doubt over several pending short-term contracts. The new agreement, valued at $1.2 billion, is a variation of a deal struck […] Read More...
  • With OPEC Planning to Cut Production, the Decline in Oil Prices May Not Last By Jason Simpkins Associate Editor Oil prices have plummeted 24% from the record high levels achieved in July, but the sell-off that sparked a stock-market rally over the last four weeks may not last since the Organization of Petroleum Exporting Countries (OPEC) is already gearing up to cut production. OPEC, the cartel that controls roughly […] Read More...
  • Slackening Demand Causes Oil Prices to Slip By Jason SimpkinsAssociate Editor Crude oil prices slipped below $119 a barrel on the New York Mercantile Exchange yesterday (Monday) for the first time in three months as tropical storm Edouard veered away from energy facilities in the Gulf of Mexico, and a government survey that revealed U.S. consumer spending flagged in June. Light, sweet […] Read More...