FusionIQ Research “Hit List”
2008 has again been a good year for FusionIQ and its research team. Below are some cherry picked excerpts from Fusion’s various research publications:
- ● 10/22/07 Bank Index Review (BKX) – “Many of the BKX components: C, CMA, COF, FITB, RF and WM have extremely low technical scores in our FusionIQ quantitative ranking with scores of 23, 10, 17, 4, 8 and 11 respectively (out of a possible 100). While there may be an attempt short-term to bounce after Friday’s sell-off the technical structure of the index suggests sellers are in control ….”
- ● 2/12/08 American Intl. Group Inc. (AIG) – Technical Sell – “Additionally with a FusionIQ Technical Rank of only 12 (out of a possible 100) forward returns for AIG do not look promising … Analyst sentiment remains overly bullish with 14 BUYS and only 4 Holds …
- ● 08/07/08 KBR Inc. (KBR) – Technical Sell – “ The catalyst for the breakdown in KBR Inc. was the sharp fall in second-quarter profits. KBR shares are ranked a low 44 out of a possible 100 in our FusionIQ quantitative ranking system and with over 90% of its float already in institutional hands there is a lot of potential supply out there … Our technically delivered target is $ 15.00 and the objective point and figure target is $ 7.00. KBR was at $ 23.79 at the printing of this report – today it is – $ 9.93.
Note: In all fairness we had some calls that did not work out such as BUYS on WU @ $ 26.00, LZB @ 10.15. However EVERY recommendation that is published comes with a defined stop loss or drawdown point so even the bad recommendations get wiped out quickly and with minimal damage.
All of these recommendations plus access to our quantitative ranking system (and expanded economic coverage by yours truly) can be attained by subscribing to FusionIQ’s software application ($39.95 per/mo). Reliable, unbiased guidance, intelligent recommendations, and risk management tools.
Please note the a PDF of all of our published research for 2008 is available for new institutional research clients (the results relative to the market have been quite impressive).
Note for compliance reasons, this can only be sent to institutional email addresses. Send your request to Peter Greene by clicking here.
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We also will leave you with this picture. Everyone loved Google (GOOG) as an investment however FusionIQ, with its independent, unbiased ranking ability placed a SELL signal on GOOG @ $ 452 its now below $ 275 !! For only $ 39.95 to have a second opinion to help you determine if you should buy sell or hold something is a no brainer !
Google 6 month chart
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November 24th, 2008 at 12:59 pm
The LEH call was a good one. But I thought that your fund was long GOOG for some time? I hope you did get stopped out of QID.
Everytime short looks like a sure thing the gov’t puts in a good fing and I felt that coming with C. Too bad only bet $200 on it.
I think the termoil is now mostly over and markets will start to stabilize.
November 24th, 2008 at 1:22 pm
john: from your lips to the stock god’s ear!
November 24th, 2008 at 1:34 pm
Ritholtz, you are good. No need to keep pointing it out.
Now, if you and your research team would have predicted that Maria Barforomo would be conducting an interview about CITI with Guido Sarducci in a stable with a couple of horses, then I would have been damned impressed. I normally avoid audio when CNBC is on, so I couldn’t tell you what it was all about, but I am just glad the horses weren’t getting slaughtered.
November 24th, 2008 at 1:36 pm
I never could understand GOOG at >$500, and I still don’t get it at $250.
VZ= 29.50
T = 26.50
Twoof the largest telecommunications companies in the world?
MSFT=20.31
CSCO=15.62
AAPL=89.44
How could GOOG be worth more than all five of these put together? Irrational exuberance, clearly.
November 24th, 2008 at 1:52 pm
By the way, I should add that I was making fun of the interviewer, not the interviewee. It is ridiculous that CNBC would agree to stage the interview this way, but then again, CNBC loves caricatures.
November 24th, 2008 at 2:04 pm
knowing what to do, still isn’t the same as being able to pull the trigger. I bought DELL at 40 and “knew” I should have sold it, last year and this year, but couldn’t bring myself to realize the loss at 20…. Now it’s at 9
November 24th, 2008 at 2:10 pm
Why is Erin Burnett always looking up and around, leaning in her chair, etc. Especially when she is on with Mark Haines. Seems uncomfortable.
Does anyone think this rally will hold until the close? Any buyers? Sellers? Where do we go from here. We need to break through 840 and hold it.
November 24th, 2008 at 2:15 pm
babycondor, thank you for the ignorant comment of the month. I laughed out loud. I suggest you go read some beginner’s books on stock market investing before returning to this message board, and certainly before investing!
November 24th, 2008 at 2:32 pm
“I think the termoil is now mostly over and markets will start to stabilize.”
Are you John Kerry?
November 24th, 2008 at 2:48 pm
I am here to learn, and have read this board for a couple of years, commenting infrequently. I am not ashamed to display ignorance. I said I do not “get” GOOG at >$600 and I still don’t get it. Perhaps the market will support my “ignorant” thesis that it is not worth what many “investors” seem to believe it is worth.
November 24th, 2008 at 2:54 pm
@llandson
You’re an ass. Grow up.
November 24th, 2008 at 3:28 pm
babycondor, I was too harsh. I apologize. I thought maybe you were joking. I’ll help you out: stock price does not reflect a corporation’s market capitalization. Multiply the # of shares outstanding x the stock price to determine “a company’s size.” GOOG is not bigger than those companies combined. Only its price per share is.
November 24th, 2008 at 3:35 pm
That’s the holiday spirit, llandson, and a major reason many of us come to this blog………to further educate ourselves on the markets and economy.
November 24th, 2008 at 4:01 pm
lol !@ babycondor. WTF at Berkshire Hathaway going for almost 6x as much as the whole S&P 500 stock prices combined?
November 24th, 2008 at 4:04 pm
good turn llandson..
BR,
it’s a good idea to remind people that you Do offer an incredibly reasonably priced service that has been more than effective..
simply, many do not know/aren’t aware of it..
as an aside: U$D 50 000 x 2%= U$D 1 000
peep should start wonderin’ why they’re paying MutFund ‘Mgr.s’ to blow them up..
be asking: “Why should it cost me?”
see that 12 x U$D 40 is less than U$D 500
and, start rollin’ their own..
though, I will say, I’m on the look-out for FusionIQ Equity Fund I..sometimes it’s easier to ‘buy’m by the Box”.
November 24th, 2008 at 4:05 pm
Market cap for each company:
Microsoft = 185.73Billion
AT&T = 158.34Billion
Cisco = 94.45Billion
VZ = 84.45Billion
Apple = 82.57Billion
Goog = 80.99 Billion
November 25th, 2008 at 10:44 am
Barry,
Any hard performance data on how well the Fusion IQ results have performed as a whole? It would be nice to see actual results for all of the calls, not just a few selected ones. I think as a hard data guy you would understand this request :-) Kee up the good work.