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Money Forum World
Chat about anything that's money related
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Bob Gregory
Joined: 08 Nov 2007
Posts: 2097
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 Posted: Tue Dec 11, 2007 5:05 am Post subject: I want to purchase stocks from Volvo, im new to investing? |
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| What is the procedure and where do I get the stocks, go to the stor? or online? |
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Weston R.
Joined: 08 Nov 2007
Posts: 2126
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| Posted: Tue Dec 11, 2007 5:05 am Post subject: I want to purchase stocks from Volvo, im new to investing? |
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| 1st step open an account with a stock broker. Some banks will purchase and sell stocks for you. Yours may. online brokers are the least costly, some free. Scottrade charge $7.00 per transaction. TD Ameritrade $10.00. The symbol for Volvo is VOLV. now trades at about $22.30 a share. |
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Mallory R
Joined: 08 Nov 2007
Posts: 2113
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| Posted: Tue Dec 11, 2007 5:05 am Post subject: I want to purchase stocks from Volvo, im new to investing? |
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On Tuesday morning, Volvo AB Nasdaq: VOLVY stated a 15% year over year increase in Q1 sales and expanding margins across all of its business segments, thanks to strong sales of heavy trucks in Europe and North America. Three European analysts upgraded Volvos stock on the news, with target prices between $49.50 and $59.10, and the market responded with a 5% price get overnight. And there was much rejoicing in the realm of this forgotten automaker.
Indeed, many investors seem to have mainly put Volvo out of their minds since Ford NYSE: F assumed the car division in 1999, but the company was trucking along under the radar all along. With $8 billion in global sales this quarter and a $20 billion market cap, this is no mom and pop operation. Its still a hungry company, and the buy of Renault and Mack trucks in 2001 wasnt enough to satisfy the craving. Volvo recently assumed 13% of Nissan Diesel, which in turn controls 50% of Dongfeng Motor. Thats the biggest truck maker in China, a market where Volvo had primarily been selling construction equipment. Now Volvo, Dongfeng, and Nissan Motors Nasdaq: NSANY are exploring ways to capitalize on the opportunities that await behind the Great Wall.
That may be enough to make up for the anticipated drop in European truck sales once new, tougher emissions standards take effect come October. Customers are said to be stockpiling orders now, rather than waiting for cleaner but costly power plants. Volvo looks to be looking beyond that bump in the road, as seen in the rollout of a diesel electric hybrid engine for heavy trucks, due for mass production in 2009.
Volvo may not be selling cars anymore, but its still the same hard company with the same commitment to safety and excellence. The challenge lies in translating those values into superior business performance, but it seems to me as although the company is doing a great job now.
You can not purchase stock at the store. If you really have any money you have to speak with a broker or open an online brokerage account. |
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Gangsta
Joined: 08 Nov 2007
Posts: 2145
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| Posted: Tue Dec 11, 2007 5:05 am Post subject: I want to purchase stocks from Volvo, im new to investing? |
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research about the volvo stock &, company online. then research about a reputable online broker. make sure you really like volvo &, its stock.
Good luck. |
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Sunnyd68
Joined: 08 Nov 2007
Posts: 2125
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| Posted: Tue Dec 11, 2007 5:06 am Post subject: I want to purchase stocks from Volvo, im new to investing? |
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| Try Sharebuilder.com |
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