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Wednesday's "Earnings Beat" Makes This The Perfect "Bad-Market" Tech Stock

In last week’s Private Briefing report Our Experts Show You the Stocks to Pick in a ‘Stock-Picker’s Market’,” Money Map Press Chief Investment Strategist Keith Fitz-Gerald identified SanDisk Corp.(NasdaqGS: SNDK) as one of three stocks to buy in the face of the stock market sell-off.

And now we see why…

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Top News Archives - Page 202 of 274 - Money Morning - Only the News You Can Profit From- Money Morning - Only the News You Can Profit From.

  • Stagflation Worries Loom as Inflation Soars and Housing Remains Weak

    By Jennifer Yousfi Managing Editor Another round of troubling economic data indicates the U.S. Federal Reserve must act wisely in order to avoid a period of stagflation. Producer prices rose again in May, while housing starts continue to be at a record low. The United States last experienced soaring inflation coupled with a stagnation of […]

  • FCC Chairman Backs Sirius-XM Merger; Awaits Commissioner Approval

    By Mike Caggeso Associate Editor The dormant, yet important, proposed $5 billion merger of Sirius Satellite Radio Inc. (SIRI) and XM Satellite Radio Holdings Inc. (XMSR) cleared a major hurdle, as Federal Communication Commission Chairman Kevin Martin backed the merger – with stipulations. Concessions Martin recommended include: the stations turn over 24 channels to noncommercial […]

  • ECB Rate Hike More Likely After European Inflation Hits New High

    By Jennifer Yousfi Managing Editor Odds of a future rate hike for the European Central Bank (ECB) increased yesterday (Monday) on news that Eurozone inflation hit a 16-year high in May. With inflation accelerating "it becomes increasingly difficult to argue against an ECB hike in July," Carsten Brzeski, an economist at ING Groep NV (ADR: […]

  • New Travel Arrangement with China Could Lead to Stronger Economic Growth in Taiwan

    By Jason Simpkins Associate Editor After completeing their first offical talks since 1999, China and Taiwan will open the first permanent offices in each other's capitals and begin direct weekend passenger flights between their territories. The agreement is a positive step that will bring the two contentous regions closer together both politically and economically. Approximately […]

  • Exxon Plans to Sell 2,220 Profit-Squeezed Gas Stations

    By Mike Caggeso Associate Editor High gas prices have forced Exxon Mobil Corp. (XOM) – the world's largest oil company – from the retail gasoline business, the company said late Thursday afternoon. There are about 12,000 gas stations with the Exxon sign at the entrance, though the company owns about 2,220 of them. And Exxon […]

  • Home Foreclosures Continue to Soar Delaying U.S. Economic Recovery

    By Jennifer YousfiManaging Editor There's more bad news ahead for the U.S. economy as home foreclosures continue to rise. One out of every 483 U.S. households is at some stage of the foreclosure process, and with that many displaced or struggling homeowners, the economic recovery may well take longer than expected. "May was the third […]

  • Yahoo Grasping at Straws with Google Deal

    By Jason SimpkinsAssociate Editor Jerry Yang, Yahoo Inc.'s (YHOO) chief executive officer, finally got his wish last Thursday when his company partnered with rival Google Inc. (GOOG) to enhance its online advertisement business. But while Yang insists the deal will generate an extra $800 million a year in revenue, shareholders and analysts alike are skeptical […]

  • Bank of Japan Plays Down Inflation Concerns

    By Jennifer Yousfi Managing Editor Despite having the lowest overnight rate of the Group of Seven nations, Japan's central bank unanimously voted today (Friday) to keep its key interest rate steady at 0.5%. "Our judgment is that our current stance on monetary policy, under current conditions, is the best," Bank of Japan (BOJ) Governor Masaaki […]

  • Stimulus Checks Push Retail Sales Rally; Economy Still Facing Uphill Battle

    By Jason Simpkins Associate Editor Stimulus checks helped send retail sales up 1% in May, the Commerce Department said yesterday (Thursday), bolstering the dollar and lifted the mood on Wall Street. But the effects may not last, as unemployment continues to rise and crude oil supplies tighten. Record high gasoline prices padded the report, but […]

  • InBev Offers Anheuser $46.3 Billion, a Deal That Would the Create World’s Largest Brewer

    By Mike Caggeso Associate Editor After two weeks of nail-biting speculation, InBev NV pulled the trigger on its takeover offer to Anheuser-Busch Companies Inc. (BUD), putting up a $46.3 billion, or $65 per share, cash bid for the U.S. market leader. As a sign of the times, InBev's Chief Executive Carlos Brito did it with […]