Words similar to blodget
Example sentences for: blodget
How can you use “blodget” in a sentence? Here are some example sentences to help you improve your vocabulary:
Merrill's Henry Blodget, for instance, issued a report Wednesday in which he raised his rating on Amazon.com and Yahoo to "near-term buy" from "accumulate," and added that he also expected six other Net companies--AOL, Barnesandnoble.com, Excite@Home, eToys, Inktomi, and Lycos--to do well in upcoming quarters.
The only difference is that Amazon traded at $82 a share at midday on August 10 and closed at $109 a share on August 17, the day before Blodget issued his report, while Yahoo rose from $116 to $138 in that time and AOL jumped from $80 to $97.
When Henry Blodget, who was then at CIBC Oppenheimer, said that Amazon's shares would hit $400 within the year (he was right), it catapulted him into national attention and, in some sense, probably got him his new job at Merrill Lynch.
What was really interesting was the reasoning behind Blodget's call.
So why didn't Blodget issue the report, say, on August 10, when Internet stocks were cratering and people were talking about a permanent end to Net mania?