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Story Stocks: Ford Motor (NYSE: F), Microsoft (NASDAQ: MSFT), Advanced Micro Devices (NYSE: AMD)
Ford Motor (NYSE: F) said it will invest 4 billion reais ($2.3 billion) to expand in the growing Brazilian market, the largest capital committment it has made in the country. The five-year plan includes boosting the capacity of the Camacari factory that makes the Fiesta small car and modernizing the Troller plant that builds utility vehicles. The Dearborn, Michigan based company also will invest in new models for Brazil. The auto industry in Brazil, South America’s largest economy, is headed for record sales this year, the country’s automakers association stated last month. Ford ranks fourth in Brazil, behind Fiat SpA, Volkswagen…
20Nov2009 | Jutia Group | 0 comments | ContinuedGold Investing Expert: Bob Moriarty Goes on Record
We live in a world that is totally insane. We have one US government agency buying worthless paper from another US government agency and the public nods their heads in agreement just as if it makes perfect sense.
It doesn’t make any sense at all; it’s like taking water from one end of a swimming pool and carrying it down to the other end and believing you are making a difference.
– Bob Moriarty, Gold is Getting Frothy
With gold busting through $1100 this month, government deficits/spending/borrowing showing no signs of slowing down anytime soon, the stock market at unsustainable highs, it’s…
20Nov2009 | Q1 Publishing | 0 comments | ContinuedStock Market News: ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX), Red Hat Inc. (NYSE: RHT)
Today, Nigeria renewed three shallow water oil licences jointly operated with ExxonMobil (NYSE: XOM), granting the U.S. energy firm leases of a further 20 years with the option to renew again. "Today we have reached an agreement on the terms of new leases that will go on for a further 20 years with an option to renew," Minister of State for Petroleum Odein Ajumogobia told reporters in the capital Abuja. Western oil firms including Exxon, Royal Dutch Shell and Chevron (NYSE: CVX) operate in Nigeria via joint ventures with state oil firm NNPC. The three licences (OML 67, 68 and 70)…
20Nov2009 | Jutia Group | 0 comments | ContinuedMarket Updates: Bank of America Corp. (NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Co. (NYSE: WFC), Berkshire Hathaway Inc. (NYSE: BRKA)
JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC) are arranging an $8 billion loan for Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRKA) to help finance the takeover of railroad Burlington Northern Santa Fe Corp. The banks are providing a one-year loan with an interest rate 1 percentage point to 2 percentage points more than the London interbank offered rate. Three-month Libor, a borrowing benchmark, was set at 0.27 percent yesterday. Buffett is risking Berkshire’s AAA rating at Standard & Poor’s by taking on debt and drawing down cash holdings to finance the $26 billion acquisition of Burlington. JPMorgan…
20Nov2009 | Jutia Group | 2 comments | ContinuedGoldman Sachs (NYSE: GS) Delivers for Shareholders
Few American companies are as vilified as Goldman Sachs (GS). Formerly an investment bank, Goldman is now a commercial bank, a change that allowed it to take billions in taxpayer assistance during the financial calamity of 2008. Some would debate the usefulness of keeping Goldman in business, saying the company doesn’t produce essential goods like automobiles, clothes, energy or food. Still others would argue that Goldman probably didn’t need the taxpayer money in the first place. Given the massive profits it was turning before the financial crisis and robust earnings so far in 2009, Goldman has done just fine.
Throw in…
19Nov2009 | Invest With An Edge | 1 comment | ContinuedLouis James Shares Some of the “Best of the Best”
Source: The Gold Report,
Interviewed by Karen Roche, Publisher 11/17/2009
In this exclusive interview with The Gold Report, Louis James, Senior Editor of Doug Casey’s International Speculator, reiterates his conviction that the dollar is on death row with no one prepared to grant a stay of execution. Dismal as it is, this situation gives rise to increasingly positive prospects for gold and other commodities that may ultimately stand in as the world’s reserve currency. And there are some pretty hot speculative prospects—Louis’ "best of the best" —waiting in the wings for the market’s next big leg down that he’s been forecasting.
The Gold Report: The last time you…
19Nov2009 | The Gold Report | 0 comments | ContinuedMarket Updates: Citigroup Inc. (NYSE: C), J.P. Morgan Chase (NYSE: JPM), Sears Holding Corp. (NASDAQ: SHLD), Williams-Sonoma (NYSE: WSM)
Bond yields will continue to tighten relative to benchmarks next year as government stimulus programs fuel economic recovery, Citigroup Inc. (NYSE: C) analysts in London said in their outlook for 2010. “We see at least another 25 to 30 percent of tightening in credit spreads,” Hans Peter Lorenzen and Matt King said in the presentation. “Many of the long-term issues the world was grappling with earlier this year still exist, but with the policy-induced recovery they’ve either been dragged out over a longer period or postponed.” -Bloomberg
J.P. Morgan Chase Co. (NYSE: JPM) extended its reach in Europe on Thursday with the expected…
19Nov2009 | Jutia Group | 1 comment | ContinuedWe’ve Recouped Much of Last Year’s Loss. Can We Hold On?
Even though J Taylor’s Gold, Energy & Tech Stocks newsletter model portfolio lost about half of its value in the devastating markets of last year, it was well ahead of the S&P 500 Index. We have regained over 60 percent back this year to mark a gain of about 2 ½ times our investment in 2000. The S&P is setting at about a 25 percent loss over the same period. We hope we can keep most of the gains we have made this year so far.
Our main concern is that we are due for at least a modest decline. For many…
Pushing on a String!
There is a desire to see this as a bullish market? Who doesn’t like a bull? If you listen to ongoing discussion on CNBC, Bloomberg, and other media, you get a sense of optimism; or perhaps it’s just a bunch of cheerleaders touting their own book.
I do agree that there is not the euphoria that one gets at market tops. At the same time, review the earnings and PE ratios as discussed by Ian Gordon below and you can see why Wall Street may not be terribly optimistic. Perhaps they don’t really buy the optimism of cheerleading optimists. Also, I’m…
Eclectica November Fund Commentary
Today’s Outside the Box comes to us from England. My European partner Niels Jensen from time to time sends me some of the best letters he reads from the hedge fund world. He is an excellent filter for me, and this week’s Outside the Box offering is no exception. Below is the November commentary from Eclectica fund manager Hugh Hendry. He challenges the current preoccupation with the falling dollar and China, and posits what would happen if that thinking is wrong? It offers some very thought-provoking ideas. You can contact them for more information at info@eclectica-am.com or visit their website: http://www.eclectica-am.com
Your…
18Nov2009 | Outside the Box | 0 comments | Continued
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