All Posts Tagged With: "bloomberg news"
Massive Stimulus Creates Bullish Outlook in 2009
Is it “Bull Market 2009?”
The answer to that question depends on whether you believe the three-week surge we’ve just been through is the start of a prolonged advance for U.S. stocks, or was just the kind of “dead-cat bounce” fake-out move that temporarily interrupts a protracted bear-market decline.
It’s not an easy call to make, although all the stimulus, bailout and fix-up-plan money flowing into the U.S. financial system certainly makes a strong case for at least a near-term bull-market advance.
Let’s look at some numbers.
The Standard & Poor’s 500 Index last week gained ground for the third straight week, pushing it near its…
30Mar2009 | Money Morning | 0 comments | ContinuedGlobal Investing Roundups
S&P Slashes RBS Rating; Dendreon’s Big Boost; Eli Lilly Comes Out Ahead on ImClone; AgFeed’s Hungry For Its Own Shares; Bank of America Surprises with Loss; Paulson Taps Another Goldman Exec.
- Standard & Poor’s yesterday (Monday) reduced the credit rating of Royal Bank of Scotland PLC (ADR: RBS), lowering the rating of both the Edinburgh-based bank’s long-term and short-term debt. “The rating actions reflect Standard & Poor’s expectation that RBS’s financial profile may continue to weaken,” the analysts said, citing a “combination of mixed earnings prospects, deteriorating credit risk in its key geographies, and difficult market conditions” in which to shore up its…
Five Reasons Why the $700 Billion Banking Bailout Will Translate into $250 Oil
I’ve been predicting record oil prices for a number of years now, so when crude oil prices recently plunged from their record highs, I warned investors and consumers that the decline was nothing more than a temporary respite.
But now it’s clear that the fallout from the $700 billion banking bailout pact will virtually guarantee that my prediction will come true.
As the curtain closed on the third quarter yesterday (Tuesday) – leaving many investors worried that the long-feared "Super Crash" was imminent – crude-oil futures were staring at their first decline in seven quarters and their biggest quarterly decline in 17 years,…
1Oct2008 | Money Morning | Comments Off | ContinuedChina’s Economy Looks to Rebound After Lackluster Olympics
Despite a flood of investment leading up to the 2008 Olympic Games, economic conditions in China have been on the decline for the entire month of August, leading some analysts to warn of a post-Olympic slowdown. But the Chinese economy so far has proved resilient, and with policymakers in Beijing scrambling to ensure economic growth, it will likely escape a significant downturn.
The Shanghai Stock Exchange’s Olympic event was diving. The Shanghai Composite Index dropped roughly 12% between the opening and closing ceremonies of the games. It’s now down about 60% from its October high. The steep drop came as a harsh…
25Aug2008 | Money Morning | Comments Off | ContinuedGlobal Investing Roundups
Target Misses the Mark; General Dynamics Broadens Horizons; Chavez Bounces Cemex; Manchester United Scores with Saudi Deal; Lacker Lobbies for Rate Hike; Carlyle Group Chair Steps Down; Hedge Fund Fraud Judgment; Quiznos Overseas Expansion
-Target Corp. (TGT) yesterday (Tuesday) reported a 7.6% drop in second-quarter profit to $634 million, or 82 cents per share. Sales were up 5.7% to $15 billion from $14.2 billion, but same-store sales, or sales at stores opened at least a year, slipped 0.4%.
-General Dynamics Corp. (GD) announced yesterday (Tuesday) that it would buy Jet Aviation for about $2.25 billion in cash. General Dynamics – best known…
20Aug2008 | Money Morning | Comments Off | ContinuedAlthough Top Brokers Predict Record Rebound in U.S. Stocks, Dissenters Abound
Just days after a key U.S. stocks index posted its worst month since the Great Depression, three global investment banks are predicting the biggest second-half rally in more than 25 years.
Market strategists at Deutsche Bank AG (DB), Lehman Brothers Holdings Inc. (LEH) and UBS AG (UBS) are predicting that the Standard & Poor’s 500 Index will soar 25% to 29% in the last six months of the year – making for the biggest rebound in that closely watched index of U.S. stocks since 1982, when Ronald Reagan was in the White House.
Deutsche Bank Chief Strategist Binky Chada is the most…
8Jul2008 | Money Morning | Comments Off | ContinuedMultinational Corporations Step up the Search for the “Next China”
As far as foreign direct investment in Asia is concerned, China is still the undisputed leader, drawing approximately $42.78 billion in just the first five months of the year, an increase of 55% from the same period a year ago.
But China is coping with a number of growing pains that include higher wages and a strengthening currency. That has left a void for other emerging markets to step up and take the place of a multinational corporation’s best friend.
China used to be thought of as the world’s factory floor – a haven of cheap labor and minimal regulatory oversight for…
20Jun2008 | Money Morning | Comments Off | ContinuedGlobal Investing Roundups
Gazprom Sees $250 Oil; Kenya Goes on $25 billion Spree; Vietnam Jacks Interest Rates to 14%; Oil Demand Slowing; U.S. Trade Gap Widens; Brazilian SWF; 3G iPhone Bobbles Apple Stock; XTO to Buy Hunt Petroleum
-Natural gas firm, Gazprom OAO (OTC: OGZPY) predicts oil would top $250 per barrel by the end of 2009, Chief Executive Alexei Miller said yesterday (Tuesday), speaking before reporters in France. Gazprom is the largest global gas producer with a market capitalization of over $330 billion, Reuters reported. The Russian firm expects to triple in size to become a $1 trillion company within the next seven…
11Jun2008 | Money Morning | Comments Off | Continued
Subscribe



