Nicholas Financial Hits Three-Year High, Also Something about Google

The stock market had a fairly quiet day today. At one point the S&P 500 was down about 1% but it rallied into the close. All told, the S&P 500 lost 4.29 points which is just -0.39%.

Our Buy List, however, had a decent day. The portfolio gained 0.18% and we’re now up 8.44% for the year. AFLAC (AFL) got as high as $55.76 but couldn’t hold to its gains. We’ve had a pretty good run lately with AFL. Let’s remember that this stock was below $45 less than three months ago.

How about Nicholas Financial (NICK)? Our little used-car financier got up to $9.75 today which is a three-year high. Woo-hoo!

The big news after today’s close is Google’s (GOOG) earnings. They blew the doors off last quarter. The stock is currently up nearly $50 per share in the after-hours market which is about 9%. For Q3 Google earned $7.64 per share (after charges) which beat the Street by 96 cents per share. Online advertising, it seems, is back. Google’s revenues rose to $5.48 billion which was $220 million above the Street’s consensus.

Google is sitting on a cash position of—are you ready for this?—$33.4 billion. That’s just crazy.

Posted by on October 14th, 2010 at 7:12 pm


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