Eric Jackson - who led the campaign to bring change to Yahoo - is looking for the next target. He’s looking at notable blue chips that have taken a recent hit, namely: Citigroup, Apple, GE, and many others.
Check out the list and vote for the company you think he should open a can of whoop ass on.
Personally, I am starting to think we’re in a deflationary period (and I don’t seem to be alone) and most of these stocks can be cheaper in the next few quarters relative to where they are now.
This is especially true when you consider:
- the actual stock market performances: the DJIA fell below 8,000 to 7,500, then crept back up to over 9,000 at 9,030 but has now tumbled back down to below 8,000 to 7,950 on Inauguration Day,
- recent real estate trends: I have never seen so many “reduced prices” on home “For Sale” signs,
- softness in so-called safe havens and growth markets, you are seeing a flight to quality evidenced by the drop in low-quality online advertising CPM rates.
I don’t know, but I think a lot of the projected earnings that companies are still touting over the next 2-6 quarters will be reduced, and obvioulsy that means stock prices remain shaky at best.
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