(Image credit: Getty Images via @daylife)The Dow Jones Industrial Average rallied sharply higher yesterday, closing above 13,000 again asearnings looked better for a number of businesses. But with the companies below going down hard, first let’s see whether they had good reason to drop. Sometimes, panic-fueled declines can make excellent buying opportunities.
The markets soared 194 points, or 1.5%, so stocks that went down by larger percentages are pretty big deals. These two stocks fell hard; let’s see if there’s anything to redeem them.
Stock | CAPS Rating (out of 5) | Friday’s Change |
|---|---|---|
| Telecom Argentina (NYSE: TEO ) | ***** | (10.3%) |
| magicJack VocalTec (Nasdaq: CALL ) | * | (8.1%) |
Source: Motley Fool CAPS.
What’s yours isn’t mine (anymore)
“No man’s life, liberty, or property is safe while the legislature is in session,” an aphorism usually attributed to Mark Twain talking about Congress, could also be applied to certain South American countries.
“No man’s life, liberty, or property is safe while the legislature is in session,” an aphorism usually attributed to Mark Twain talking about Congress, could also be applied to certain South American countries.
No longer is it just Venezuelan strongman Hugo Chavez riding roughshod over the rights of business owners. Now Argentine leader Cristina Kirchner has seized the assets of Spanish oil giant YPF (NYSE:YPF ) . If she’s willing to make an international incident out expropriating the property of a foreign company, then no private property is safe in the country, and it helps explain why Telecom Argentina is falling in the wake of the news... Continue to read.
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