It’s not everyday we see a 10% intra-day drop in Google’s stock price but that’s what happened today when they missed analysts’ expectations. To make things worse there was a small hiccup during the earnings report process when a third party company accidentally released their profits early without permission, which caused all kinds of problems (゜o゜) Some investors are beginning to think that the company’s advertising business, which is by far how Google makes most of its money, will not continue to do so well in the future. Sentiment was so bad today that Google contacted the NASDAQ exchange and said “Stop this madness and halt all trading activity for GOOG!” (I paraphrase of course) Their stocks were literally out of commission for most of the afternoon today, which means nobody could buy or sell their shares.
After the initial shock has worn off the stock started to trade again in the afternoon. Is this a good time to pick up some Google shares, or wait awhile and see if it drops even more? I am tempted to buy some GOOG now. But I will be patient and do some research into their financials first. From an earnings perspective they are still more expensive than Apple stocks despite their $60 per share drop today.
PF posts and other interesting articles from around the web
*A rice cooker can do more than just cook rice. You can also use it for noodles, or as a slow cooker, and save time cooking. It’s all about the convenience. Great idea Elle.
*Another inspirational post from Tam’s blog. Say thank you.
*Looking for something to do this weekend? Ms. V has information on where and when you can catch a free movie, for a good cause.
*Can’t decide to build up an emergency fund first or pay down your debts? Tanner says the EF can wait. I totally agree.
*I think it’s time I bought a box of Baking Soda because according to Rebecca it can be useful in lots of different ways.
* Jeremy from Modest Money says he would never lease a car. Find out why he prefers buying/financing.
*Mr. Turner wrote this brilliant article about why we’re seeing a slowdown in the Canadian housing market. Are we too overly leveraged?
*What should you teach your young children about money? Holly shares her ideas on clubthrifty.com.
*WE DAY coverage by miss604. It’s about supporting our youths because they are our future. This annual event is usually big in Vancouver.
*Apparently I’m not the only person who thinks freedom 35 is an attainable goal. CF explains how she and Brian plan to make early retirement a reality.
*The Starving Artist tells why bonds are not a favorable investment to him, especially in a low interest rate environment like now.
*For a better way to calculate the value of your home, Adam suggests using the public assessment value.
*Speaking of Google today, Pauline gives some tips on how you can improve your online relationship with them.
*Young Adult Money weighs the pros and cons of working for a large corporation vs a small business. It really depends on what you as an employee is looking for.
*Mo’ Money gives her take on the 2nd presidential election debate from a Canadian perspective.
*Don’t feel like spending a lot of money this Halloween? Follow Bridget’s tips and you won’t have to.
*And if you’re looking for a good Halloween movie to watch this year, MMD has some ideas for you.
*Interested about dividend investing? Steve shares his interview with Tom Connolly, a successful investor of dividend growth common stocks.
*Michelle is already weighing the advantages and disadvantages of retiring abroad, and she’s only in her 20s.
*For anyone on parental leave, there’s a helpful guest post on CBB which may give you some frugal ideas to help your financial situation.
*Young & Thrifty starts a discussion from her recent post asking what women really think about engagement rings.
*Not Working updates his net worth again. Increase of almost $1900 in two weeks, doing better than me even.
*Nelson compiles 19 different songs from Youtube, and of them are related to money!
*Spend too much time commuting to work. James at thisiscommoncents.com explains how inefficient living far away from your job can be.