Zacks.com has ranked Nortel as a #5 (aka strong sell), a ranking applied to 5% of the stocks within Zack’s research universe.
Here’s a synopsis of the rational for Zack’s ranking:
“Nortel Networks Corp (NYSE: NT) warned that a downturn in the U.S. market was choking wireless spending by carriers even as it posted a quarterly loss that tripled due to restructuring charges and currency exchange losses. The company recently cut numerous jobs and moved others to Asia in order to lower operating expenses. Nortel continues to invest in next-generation wireless technologies even though CDMA forms an important part of its business. Telecom gear manufacturers are likely to be challenged by tightened capital budgets of carriers due to ongoing recessionary conditions in the global economy.”
Cmon - Its been posted here that experts calculated the secular bear market to last another 7 years (a neat excuse president Obama can invoke at halftime, thanks), yet NT stock has spiked 53 cents from $5.82 on Wednesday to $6.35 on Friday. Isn't that, like, close to 10%? No other telecom related company achieved this feat in the entire history of last week.
Dr No
entire history of last week: http://finance.yahoo.com/q/bc?t=5d&s=NT&l=on&z=… it looks like you'd be better off focusing more specifically on the entire history of the Friday afternoon or, perhaps, Monday morning. Or maybe Wednesday afternoon. Why not focus on a single tick? I'm sure you can find some real greatness there!
Observer
Its been posted here that experts calculated the secular bear market to last another 7 years
Yeah that's right. Secular bears are long and ugly and usually occur during commodity supercycles. We still have about 10 more years before this commodities boom ends. Before long we'll see double digit interest rates and capitulation in the financials, banks and even central bank assets.
less
So its doesn't matter much whom we elect president, or what stocks we buy.
Dr No
I love phrases like “experts calculated” and “usually occur”.
It seems like everybody on the planet can call himself an expert in something nowdays. However, when it comes to actual results only a few, like Buffett stand apart. Buffett isn't selling. In fact, he wrote a few puts on major indexes not too long ago, suggesting that he still believes that stocks will outperform in the next 10 years. So you have to figure out if you want to believe your experts who have little if any skin in the game or Buffett who is likely to do well in any market. Tough call, but I'd still go with Buffett.
Now a few words about “usually occur”. The market is not old enough to have data that is statistically significant to make any claims of such type. Also, the market structure has changed dramatically over the years and if we measure performance of instruments in “money” we have to remember that what is considered “money” has also changed quite a bit. That makes any historical data even less solid and any statistical observations more or less groudnless. So more often than not any research that intends to prove these correlations is confirmation bias driven rather than truly scientific.
So let's talk about NT specifically and leave the macro stuff to the “experts”
less
So its doesn't matter much whom we elect president, or what stocks we buy.
Dr No
I love phrases like “experts calculated” and “usually occur”.
It seems like everybody on the planet can call himself an expert in something nowdays. However, when it comes to actual results only a few, like Buffett stand apart. Buffett isn't selling. In fact, he wrote a few puts on major indexes not too long ago, suggesting that he still believes that stocks will outperform in the next 10 years. So you have to figure out if you want to believe your experts who have little if any skin in the game or Buffett who is likely to do well in any market. Tough call, but I'd still go with Buffett.
Now a few words about “usually occur”. The market is not old enough to have data that is statistically significant to make any claims of such type. Also, the market structure has changed dramatically over the years and if we measure performance of instruments in “money” we have to remember that what is considered “money” has also changed quite a bit. That makes any historical data even less solid and any statistical observations more or less groudnless. So more often than not any research that intends to prove these correlations is confirmation bias driven rather than truly scientific.
So let's talk about NT specifically and leave the macro stuff to the “experts”
Zacks Rates NT a Strong Sell
Zacks.com has ranked Nortel as a #5 (aka strong sell), a ranking applied to 5% of the stocks within Zack’s research universe.
Here’s a synopsis of the rational for Zack’s ranking:
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