Editor's Note: This is the 17th Installment of an Ongoing Series Highlighting the Global Investing Outlook for 2008. By Jason Simpkins Associate Editor Over the past several weeks, the price of coal has soared to record highs. But few analysts think the run is over, and some believe that the price of coal could double […]
Archives for February 2008
February 2008 - Page 9 of 15 - Money Morning - Only the News You Can Profit From
Stocks Gain on Uptick in Retail Sales
By Jennifer Yousfi Managing Editor Fueled in part by strong markets overseas, U.S. markets closed the day with gains on the glimmer of hope investors found in a slight increase in consumer spending. At the New York close yesterday (Wednesday), the three major U.S. stock indices posted gains. The blue-chip Dow Jones Industrial Average Index was […]
Global Investing Roundups
Economic Plan Gets the Presidential Seal; Cash-Poor Alitalia's Bleeding Balance Sheet; UnitedHealth Subsidiary Under Investigation; ABB CEO Resigns; News Corp Circles Around Yahoo!; Morgan Stanley Sheds 1,000 Jobs; Emirates NBD Banks on Growth; Germany Shelters IKB From Subprime Storm President George W. Bush signed into law yesterday (Wednesday) the bipartisan economic stimulus package approved by […]
There's a Case for U.S. Stocks - But Should You Believe It?
By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report During an appearance at a recent investor event, I was asked if I could make a bullish argument for U.S. stocks in 2008, given the expected continued flow of negative news. My answer: Making that case for U.S. stocks will be a lot tougher than […]
International Markets Guzzle Coca-Cola, Drive 79% Increase in 4Q Net Income
By Mike Caggeso Associate Editor International sales drove fourth-quarter earnings for Coca-Cola Co. (KO), the world's biggest soft-drink producer, which posted a 79% rise in net income to $1.21 billion, or 52 cents a share, and a 26% increase in net operating revenues for the quarter. For the year, worldwide unit case volume was up […]
Mortgage Rates Rise, Despite Fed Cuts
By Jennifer Yousfi Managing Editor Despite a 1.25% reduction in the Federal Funds Rate last month, mortgage interest rates have not decreased according to a survey released today (Wednesday) from the Mortgage Bankers Association (MBA). According to the MBA survey, interest rates for 30-year fixed-rate mortgages averaged 5.72% last week, up from 5.61% the week […]
Midday Market Update: Increase in Retail Sales Boost Stocks
By Jennifer Yousfi Managing Editor Fueled by gains overseas and an uptick in retail sales at home, U.S. markets edged upward at midday. At noon ET, the three major U.S. stock indices had all posted gains. The blue-chip Dow Jones Industrial Average Index was up 80.15 points (0.65%), to trade at 12,453.56. The tech-laden Nasdaq Composite […]
Foreclosure Freeze and Warren Buffet's Bond Proposition Cause Stocks to Soar
By Jason Simpkins Associate Editor U.S. stocks rallied for the second straight day yesterday (Tuesday) – posting their biggest gains so far this month – on news that major U.S. lenders would put a freeze on foreclosures, and major bond insurers were considering a Warren Buffet-sponsored bailout. After rising more than 200 points in early […]
The Four Best Places To Park Your Cash Now
By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Many investors are wondering what to do with their cash now – particularly if they're income oriented and bonds are a big part of their investment portfolio. This is really a two-part question. You want your investments to earn a decent return, but at the […]
Global Investing Roundups
Record Budget Surplus Expected in Hong Kong; Molson Coors Posts Frothy Fourth-Quarter Profit; Monsanto Reaping Big Rewards; Bill Miller Chimes in on Yahoo Takeover; GM Stuck in Reverse; Valeant Shares Soar on Successful Drug Trial; Another Blackberry Service Disruption Analysts from PricewaterhouseCoopers LLP said that Hong Kong may post a record budget surplus of $13.5 […]