December is usually a good time to reflect back, but as investors we need to look forward. Yes, even if it defies the very nature of this weekly column's theme, I may as well discuss the four predictions for 2009 that I made earlier this week.
In a nutshell:
(NASDAQ:YHOO)will beat the market.
Sirius XM Radio
(NASDAQ:SIRI)won't go bankrupt.
- Tech stocks will lead the market recovery later in 2009.
- Chinese stocks will outperform domestic equities.
Shortly after my four trips out to the limb, news stories began to fall into place.
- Yahoo! went through with its pre-announced layoffs on Wednesday, but also killed a controversial severance package clause that now makes it easier for a company to acquire the dot-com giant.
- In an encouraging sign that Chinese stocks may have bottomed, Baidu.com
(NASDAQ:BIDU)lowered its current quarter revenue targets by 13% to 14% on Thursday, yet the stock still opened higher.
Sure, a lot can happen between now and next year. However, the best investors learn from the past and apply it to the future.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
- Organic grocer Whole Foods Market
(NASDAQ:WFMI)is suing the Federal Trade Commission, essentially for being a pesky nuisance when it comes to its integrated acquisition of Wild Oats. Usually it's the regulators suing the capitalists, so tune in to see how this plays out.
(NYSE:GE)majority-owned NBC Universal is going to keep Jay Leno. The popular Tonight host was set to give up his 11:30 p.m. weeknight slot to Conan O'Brien. That will still happen, but now NBC is moving Leno to 10 p.m., five nights a week. It will save a good chunk of change in programming at NBC, and possibly create a trend for its tightfisted rivals.
- I interviewed Blockbuster
(NYSE:BBI)CEO Jim Keyes on Tuesday. Despite the many industry challenges and its "buck and change" share price, he has a refreshing contrarian attitude at a time when digital delivery is making all of the headlines. Check it out.
Until next week, I remain,
Longtime Fool contributor Rick Munarriz recommends windshield wiper fluid when trying to look back. He does not own shares in any of the stocks in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.