Occupy Wall Street

I am not totally supportive of Occupy Wall Street. I don't believe  it is the government's duty to provide the people with jobs. Instead of camping out on lawns they could be innovating and creating jobs for themselves. I also believe that nobody is entitled to anything - not insurance, not housing, etc. How can we have a productive society and global leaders when we just expect everything to happen for us.  While I agree our nation needs to be altruisic in nature, I do not believe it is the government's job to do so. Financial gifts need to come from the people themselves and not the government.  

Journal 5

Comments

Justin Lynn
Brooke Nisley
Vince Sleep
Korrie kalber
Amy Danforth
Brooke Thomas
Taylor Hirsch
Belen Quillen
Electric red

Journal 4

This week I decided to invest in the company Medtronic. Medtronic is a large cap leading medical technology company in the healthcare sector. Their 52 week range is 30.80 – 43.33 and yesterday they closed at 32.85. By buying shares at the lower end of their 52 week range, I am guaranteeing a good return on my investment as the value of their shares increase. They also offer a dividend of .97. According to analysts on stock scouter, Medtronic is expected to significantly outperform the market in the next six months. Medicine is becoming increasingly dependent on technological devices in all aspects of the healthcare industry which makes Medtronic a good company to invest in. I predict that Medtronic’s shares will increase by at least $3-4 over the next couple of months. The whole medical technology/appliance sector has experienced a slump over the past couple of months, but Medtronic has weathered the storm better than its competitors, Johnson and Johnson, Boston Scientific Corporation, and St. Jude Medical Inc. Medtronic is also introducing new “next-generation” cardiovascular devices in Japan today, which is more than what its competitors are achieving. They are also a good investment because they are a not only a nationally, but also a globally focused company.    

Journal 3

This week I invested in General Electric. Its 52 week range is 14.02 - 21.65 and yesterday it closed at 15.27. GE’s direct competitors ar, Koninklijke Philips Electronics NV, and Siemens AG. Overall, GE’s stocks have been the most stable compared to the other groups. Earlier in the year, the industrial goods industry took a hit and wile GE was impacted it took it better than its direct competitors. I am predicting that GE’s shares will increase $3-4 in value over the next two months. Traditionally, this time of year is when GE’s shares are at their lowest, making it a good time to invest.   

I also decided to buy some shares in Amazon with the ultimate goal of trading them. I believe that the release of Steve Jobs’ biography will be a catalyst for increased sales at Amazon. I plan on selling a week after October 24, the book’s expected release date. The book is already topping Amazon’s preorder list and I believe sales will increase when it actually comes out. Amazon’s main competitors are Barnes and Noble and Ebay. I believe the catalyst of Steve Jobs’ biography will have the greatest effect on Amazon because it caters both to e-books and hard copy books at a very competitive price. Its 52 week range is 151.44 – 244 and yesterday it closed at 221.51. Although it is on the upper end of its 52 week range, I still believe now would be a good time to buy shares and then sell them in about a month.