Archives for July 2008

July 2008 - Page 3 of 12 - Money Morning - Only the News You Can Profit From

Buy, Sell or Hold: Ford Motor Co.

Volkswagen AG (PINK: VLKAF), PSA Peugeot Citroen SA (OTC ADR: PEUGY), and Fiat SPA (OTC ADR: FIATY) beat earnings estimates in the last week.  At the same time, however, Ford Motor Co. (F), one of the largest industrial companies in America, missed earnings estimates. By a lot. Indeed, the Wall Street consensus called for Ford […]

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Government Data Stabilizes Stocks After Steep One-Day Sell-Off

By Jason SimpkinsAssociate Editor U.S. stocks were flat Friday, after a cluster of positive economic data calmed the waters enough for Wall Street to fight back at week’s end from Thursday’s steep sell-off. The Dow Jones Industrial Average Index was up just 21 points in early afternoon trading and held steady to close up 21.41 […]

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UBS Sued for Securities Fraud

By Jason SimpkinsAssociate Editor New York State Attorney General Andrew Cuomo has brought a multi-billion lawsuit against UBS AG (UBS), accusing the Swiss banking giant of pushing billions of dollars in auction-rate securities onto ordinary investors as the market collapsed earlier this year. UBS routinely presented the troubled auction-rate securities as safe, short-term liquid investments […]

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With Fannie/Freddie Bailout Plan, Treasury Secretary Paulson is Armed and Dangerous

By Peter D. SchiffGuest Columnist With the nation's financial infrastructure crumbling before our very eyes, the country's top two economic policymakers made their way to Congress last week for an extraordinary episode of political theater.  Fannie Mae (FNM) and Freddie Mac (FRE), the quasi-government entities that form the backbone of America's gargantuan mortgage market, appeared […]

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Prepare to Profit From the Trillion Dollar U.S. Budget Deficit

By Martin HutchinsonContributing Editor The federal budget deficit hasn't received a lot of press lately, what with all the worries about the U.S. financial system, the home mortgage market, and the rescues that might be necessary to save both.  In fact, it's a bad sign, since the Bush administration and the Democrats in Congress have […]

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Global Investing Roundups

Southwest Feels the Love; Minimum Wage Bump; Qualcomm and Nokia Accord; Fertilizer Firm Reaps Rewards; Unemployment Claims Mount; Ford's Worst Quarter in History; Dow Unable to Recoup Losses; Gaming Taking Off in Macau Southwest Airlines Co. (LUV) yesterday (Thursday) announced that second-quarter revenue increased 15% due to the advance purchase of fuel contracts, Bloomberg News […]

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The Worst U.S. Housing Market in a Generation Could Mean $1 Trillion in Write-Downs

By Jennifer YousfiManaging Editor Troubling data on the U.S. housing industry released yesterday (Thursday) lends weight to iconic income investor Bill Gross’ theory that global financial firms will eventually see $1 trillion in total write-downs. Money Morning’s Investment Director Keith Fitz-Gerald agrees. He’s been predicting an eventual $1 trillion total for mortgage-related write-downs since last […]

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Doha Discussions Could Take Another Seven Years

By Jason SimpkinsAssociate Editor For seven years, the Doha Development Round has been the staging ground for the World Trade Organization’s push for liberalizing global agricultural trade, but if this week’s round of discussion in Geneva, Switzerland is any indication, a global trade deal is nothing more than a pipe dream. The Doha round of […]

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When Gridlock is Good: Why a Contentious Election and Legislative Bottlenecks Pack a Profit Punch for Investors

By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report For all their talk about change, the ultimate irony in today's markets is that Washington is so afflicted with legislative gridlock that the "Beltway Boys" couldn't "change" the channel on their flat-screen televisions. And yet, as frustrating as legislative gridlock is for many voters (myself […]

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Beware the Dividend Trap

For years, investors have bemoaned the low dividend yield on stocks. But with the market down roughly 20%, the yield on the S&P 500 Index is up to 2.25%. That doesn't sound terribly rich, I know, but it is only slightly less than the average money market is paying right now.  In the short term, […]

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