Computer and Electronics On Jun 29th at 6PM, Apple started selling its much awaited iPhone. Many people stood in line for many hours at the Apple and AT&T stores to get their iPhones. Apple has, perhaps, sold over 100,000 iPhones on the first night itself and over 500,000 over the weekend to these eager buyers. At the end of this week, Apple stock price was at $122.04. Let us see how the iPhone sales affects its stock price in the coming weeks. The iPhone is a multimedia (text, graphics, audio and video) and Internet based mobile phone. It’s functions include those of a camera phone, a multimedia player, mobile phone, and Internet services like e-mail, text messaging, web browsing, Visual Voicemail and wireless connectivity.
Airlines This week, Continental and United Airlines followed the American and Delta airlines fare increase of $10 announced last week. Continental announced the fare increase of $14 and United Airlines $10 for a round trip ticket. Airlines claim that the fare increase is due to the fuel prices going up.
How does money grow? Let us say, today, you have $0 saved in your piggy bank and you are 6 years old going to 1st grade. What if, you start to save 5 cents every day and put it in your piggy bank, then in a year you will have over $18 (5 cents multiplied by 365 days in a year = $18.25) in your piggy bank.Your friend also starts to do the same thing but instead of putting it in the piggy bank he asks his parents to put his money in the bank.So after a year, your friend finds out that the money has grown to over $19.How did that happen? When you give your money to the bank, it used that money to make more money. This allows the bank to give you something extra to keep you happy.It is like a cherry on the top of your ice-cream. The ice cream is your money and the cherry is what the bank gives you extra. This extra money is called interest. Your friend got the extra cherry from the bank and made more than you did. How does the bank keep your money safe and still pay you interest?How did that work? Stay tuned, we will learn more about that in the coming issues.
Your Favorite Company Stocks Based on your feedback, at this time, we are adding a small section that will track the following companies that are of most interest to you.We will also discuss their stock and how it changes over time, with a hope that you will learn about the company, its stock and how stock market works.For example, Walt Disney is a world famous entertainment company that is more than 80 years old and most famous for its Disney Cartoon Characters like Mickey Mouse, films, toys and many other fun things.Walt Disney's stock is identified as "DIS" called Stock Ticker Symbol used to buy or sell the stocks. In the beginning of this year Walt Disney stock (DIS) was selling for $34.20 and you decided to buy one share for this price. Once you buy it, you own this share (or stock) and you become Walt Disney's share owner or a shareholder.This week DIS was selling for $34.14 and looks like it is $0.06 or 6 cents less than what you paid. Let us watch over the next few weeks to understand what happens next? .
Your Favorite Stocks
Company known for?
If you bought one stock in Jan, 2007
This week stock is at?
How much did you gain or lose?
Films, Mickey Mouse, Toys, Entertainment, and more...
Ready to eat foods like Frosted Flakes, Cereals, Rice-Krispies, Nutri-Grain, Eggo and more...
Fast food hamburgers, restaurants and more...
How many Japanese Yen can you buy for a Dollar?
How Oil Prices and the Gas Price per Gallon change?
What is a business?Business is a place where people work to make things called products.For example, Ford makes cars that it sells to people and makes money when people buy them.
What is Economy?Many businesses make up our economy. On a daily basis we buy many things (products) that come from many businesses, such as, food, drinks, toys, cars etc. When we buy or not buy such products it affects businesses, economy and all of us.
What is a stock? A stock is a share of a business. So when you buy a stock of a company, say, McDonald's, and you become a McDonald's shareholder or part owner of the business.
What is DOW? The Dow (also known as DJIA or Dow Jones Industrial Average) tracks 30 large US companies stocks and it is 100 years old. DOW going up is good news as it indicates that the comapnies are expected to do well in the future.
What is S&P500? Standard & Poor's 500, is also called S&P500. It tracks 500 companies and how they are doing. It is over 50 years old and most widely used beacuse it is a better way to track the stock market. It represents over 7 out of 10 US public companies.
What is NASDAQ? NASDAQ stands for National Association of Securities Dealers Automated Quotations system. It sounds complicated but it is a highly computerized stock market. It was started in 1971. It has over 3,200 companies that are leaders in technology, communication, media etc.
Our information comes from multiple sources, such as, websites (company, stock exchange, news and reference), newspapers, library, journals and books.