The first step in planning to make your money for future purchases is to know when you want to use the money that you are investing for. Once you know that, you can start researching your investments. Let’s say that you decided to speculate in the stock market by purchasing income stocks like we discussed in the past two blogs. The first step is to look for such speculative stocks.
You may start by checking with your broker. They may have a list of income stocks for you to consider. You may want to look at utility, bank, Real Estate, and insurance companies that you know about. Go to your local library and visit such magazines as Money, Forbes, Barons, and etc.
Once you have your list of stocks that you may want to speculate in, go to your computer and look up the information on the company. Make a chart like I showed you in the last blog. You start by looking up the information on the company by doing what I did above. Click on the picture above and follow the instructions. You do not have to use Yahoo to do this. There are hundreds of website that allow you to do the same thing as we are doing.
In this example, we are researching Universal Insurance Holdings Inc. on a given day at 1:02 PM. EST. At that time, the stock was up 12 cents to $4.64. The last trade before this price was at 12:46 PM at $4.62. You notice that it trades on the American Stock Exchange (AMEX by the name of the company). It closed yesterday at $4.52. It opened today at $4.56. Today this stock has gone as high as $4.63 and as low as $4.52. For the past 52 weeks the stock price range has been from $3.98 to $6.72. So the stock is only 8 cents from its yearly high.
The Analyst that follows this stock does not have an estimated One Year Target Price (1y Target Est.) for this stock to reach. This means that they do not want to guess where the stock price will be one year from now.
The chart to the right shows the activity of the stock so far today. If you click on five days (5d) it will give you what the stock has done in the past five days. The same is said for three months (3m), six months (6m), one year (1y), two years (2y), and five years (5y).
If you are a market technician then volume, average volume as well as market capitalization means something to you. Technical Analysis is a course in itself. We are not going to cover that at this time. We are market fundamentalist so it means very little to us.
The stock at this price is yielding 8.8%. We covered P/E ratio and the Earning Per Share (EPS) in the last blog.
Looking at “Headlines.” This is the current news that relates to this company. If you want to be kept up to date with the news and what they do and how they do it, you can read their news releases before you see and hear the information on TV. Sometimes companies stop trading of its stock when very important information is about to come out such as corporate takeovers or unexpected changes in the company’s fortunes.
If you look on the left hand side of the screen, you will be able to click on more information about the company and the industry that they are in. This site gives you information about who owns a large interest in the company as well as what analyst covers this company professionally. As you can see, anyone who wants to know about a publicly traded company can look it up. It is as easy as I showed you.
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Who is Reading Darnell's Blogs?
If we look at the last months of viewing (Oct. 5 - Nov. 3), the viewing is as follows from highest to lowest;
1) United States
2) Ukraine
3) Russia
4) Chile
5) Hungary
6) South Korea
7) China
8) Taiwan
9) United Kingdom
10) Poland
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