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Farmer's markets

I thought I will write anout something else today. Now that summer is almost here, I have break from my MBA classes and studies, kids are also wrapping up their school year, we love to go to Farmer's markets on Sunday morning. One of best Farmer's markets I have seen is at Santana Row, San Jose



It's all year round every Sunday from 10 am to 3 pm. They have lot of varieties of fresh fruit and vegetables. My most favoruite is of Ana's Corn. You should take a corn with butter and spices and relax on chairs nearby. Near Maggiano's they have band playing. Overall it is a great experience to spend Sunday afternoon at Santana Row - you should definately experience it!

Quick Commentary on Stocks:
As I predicted earlier, correction in Chinese markets have started with Shangai Index falling from 4300 to 3800 (as of Monday Jun 4 morning). That's about 12 % correction. I think it would go down till 3500 before rebounding in major way. Fortunately this time it has not brought down other world markets like in Feb. However if Shangai market breaks below 3000, it could start impacting other markets also (similar to what happened in 1998). For now with M&A activity in full swing, US and European markets would stay high for few more weeks before Q2 results start coming in.

US stock recommendation:
Simialr my India stock predictions, I decided to start posting US stock recommendations after doing some analysis. Here are my two recommendations for this week:

Circuit City (CC):
Circuit City is a major Electronics retailer (I just bought my Nintendo Wii at Circuit City after standing in line for 45 minutes on Sunday morning).
This stock has come down nearly 40% from its high and has a market cap of about $3B and cash in hand of about $740 M. It has sales of $12B. With new flat panel TVs and electornics gazettes, people are buying more and more electronics. Circuit city has started FireDog installation services which IMO has great pull-in value. With so much hand in cash with no debt and good brand name alongwith store locations, it is very attrective target for private equity. I spotted it first last time when it was 16 but in two days it went up by nearly 7% and now trading it at $17.13. I still recommend it as BUY at $17.2. My target price is 25 by Dec 2008.


Apple Inc (AAPL):
This company does not need any introduction. With iPhone coming on Jun 29, my target for APPL is 150 by Dec 2008. So my recommendation is to BUY at $118.

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