5 Stocks With New CEOs to Stay Away From
Sony
Howard Stringer was brought in to Sony (SNE) after a 30-year career at CBS (CBS). Since 2005, Stringer has been the global CEO of Sony. He is being replaced by the president and CEO of Sony Entertainment, Kazuo Hirai.
It's a daunting task to describe the mess that Sony finds itself in, most of the blame for which could be placed on Stringer. The Sony Pictures unit has not led its peer studios in total gross revenue since 2006, having fallen behind Warner Brothers of Time Warner (TWX) and Paramount of Viacom (VIA). Television sales have been weak, and margins have become razor thin.
Some of this has to do with the overall market for television sets, which has weakened since the big flat panel boom of a few years ago. The rest of the problem has to do with the competition from the likes of Samsung, which has become the dominant global consumer electronics manufacturer. Plus, Sony, which once pioneered the Walkman personal music device, totally missed out on the digital MP3 revolution. >>12 Highest-Rated Consumer Stocks Picked by S&P This company, under founder Akio Morita, once found itself at the top of the electronic mounting, looking down at the rest of the word, but it has since fallen into the valley and has a long way to scale back to the top. Even with Hirai taking over, the company is not worth investing in.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
