August 2009 - Money Morning - Only the News You Can Profit From

Consumer Woes to Continue as Confidence Slumps and Incomes Stagnate

With unemployment hovering at 9.4% consumers continued to show reluctance in July as incomes stagnated. Furthermore, with the jobless rate expected to exceed 10% later this year, consumer confidence fell in August, keeping hopes of a sustained economic recovery at bay. Purchases rose 0.2% in July, the Commerce Department reported Friday. However, that increase was […]

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Buy, Sell or Hold: Why NRG Energy Inc. (NYSE: NRG) is the Energy Sector's "Triple-Threat" Profit Play

If NRG Energy Inc. (NYSE: NRG) were an athletic prospect, scouts would rate it as a “triple threat.” That’s because the Princeton-based wholesale power generator is involved in all three of the key energy sources of the future: Solar, wind and nuclear. And that’s only part of the reason I like this stock. Growing profit […]

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Soaring Prices for AIG, Fannie and Other Financial Stocks Sending Mixed Messages to Investors

Three of the financial institutions that were key catalysts to the global financial crisis – and that owe the federal government billions of dollars as a direct result of those problems – have seen their shares triple in price so far this month. That could signal that a big rebound in bank-sector earnings is just […]

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Hot Stocks: Up 100%, Apple's Shares May Still Have Room to Run

Shares of Apple Inc. (Nasdaq: AAPL) have gained 100% since the start of the year, and with the likely release of an innovative “tablet” computer and the pending debut of its wildly popular iPhone in China both in the offing, the company’s stock could still find some room to run. Shares in the Cupertino, Calif.-based […]

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Investment News Briefs

With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Dow Posts 8th Straight Gain; Dell Still Hemorrhaging, But Beats Street; Q2 GDP Revision Unchanged; Weekly Initial Jobless Claims Shrink; GM Board Likes CEO; Microsoft Drops Game Console Prices; Bernanke’s […]

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China Landing Natural Gas Deals as Prices Plummet

With large purchases of iron ore, copper and oil, China has been taking full advantage of depressed commodities prices and excess production capacity. Now, the Red Dragon is making its presence felt in the natural gas market – landing two blockbuster deals in the past two weeks. The first was an unprecedented $41 billion liquefied […]

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FDIC Fund Shrinks as Small Banks Fail at Rapid Pace

A mounting number of small bank failures is putting the squeeze on the Federal Deposit Insurance Corp.’s (FDIC) fund, but a new rule that eases capital requirements for those buying bad debt could open the door for private investors. The balance on the FDIC’s fund that safeguards more than $4.5 trillion in bank deposits dropped […]

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Boeing Will Test Dreamliner in 2009 but Delays Delivery… Again

Boeing Company (NYSE: BA) yesterday (Thursday) announced it would test-fly its 787 Dreamliner later this year but disappointed customers by delaying delivery of the plane until the fourth quarter of 2010. Wall Street cheered the announcement as Boeing’s stock soared more than 6% in New York trading after the company said it still expects the […]

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Desperate for Capital, the FDIC Backs Away From Tougher Rules Governing Private Equity Purchases of Failed U.S. Banks

A new Federal Deposit Insurance Corp.  (FDIC) plan to offload busted banks to vulture investors strikes an uneven balance between private equity players and public taxpayers and may inadvertently sow the seeds for another round of bank failures. The FDIC currently insures bank depositors up to $250,000 – up from $100,000 prior to the financial crisis. […]

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China Curbs Bank Lending but Vows to Keep Liquidity High

Beijing continued a delicate balancing act yesterday (Wednesday), vowing to keep stoking its economy with funding from its $787 billion stimulus program even as it implements new controls on bank lending. After spending three days visiting the restive eastern province of Zhejiang, Premier Wen Jiabao argued for maintaining the loose economic policies implemented under the […]

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