By Mike Caggeso Associate Editor Silver prices have vaulted an extraordinary 106% in the past two and a half years. More impressive, silver prices have gained 33% since mid December. Now, compare that to how U.S. stocks have fared since then: The Dow Jones Industrial Average has plunged 13.6%; The Nasdaq Composite Index tumbled 10.5%; […]
Archives for July 2008
July 2008 - Page 11 of 12 - Money Morning - Only the News You Can Profit From
Buy, Sell or Hold: ABB Ltd.
When I coined the term "global synchronic growth" a few years back, I must have had ABB Ltd. (ADR: ABB) in mind. Global synchronic growth is the simultaneous expansion of most of the major economic zones around the world, which spurs investment and creates vast amounts of wealth. Up until now, this development has been […]
It's an Ill Wind That Blows, as Earnings Seasons Approaches
By William Patalon III Executive Editor Money Morning/The Money Map Report Can it be earnings season already? It sure is, but don't expect too much. With its report tomorrow (Tuesday), Alcoa Inc. (AA) leads off what is expected to be a pretty dismal series of profit reports. Thomson Reuters now estimates that second-quarter earnings declined […]
Economy Enters Dangerous Waters as Job Losses Mount in June
By Jason Simpkins Associate Editor Payrolls tumbled for the sixth consecutive month in June, bringing the total number of job losses in the first half of the year to 438,000. Such a steep drop in employment could easily cause consumer spending to falter in the months ahead and drag the economy into a recession. After […]
Sources: GM May Accelerate Subcompact Sales in U.S.
By Mike Caggeso Associate Editor Plagued by plummeting U.S. sales and $4-a-gallon gasoline, General Motors Corp. (GM) may sell its four-foot-tall Chevrolet Beat in U.S. markets, sources told Bloomberg News. The subcompact three-door hatchback was unveiled at last year's New York International Car Show, though GM said it would be produced overseas and wouldn't immediately […]
Growing Brand Awareness of China Consumers Equals Profit
By Jennifer YousfiManaging Editor China's emerging middle class is chasing after the global consumer dream: name brand products. And the companies that make those products are profiting from China's growing desire for genuine merchandise rather than cheap knock-offs to grow their brands throughout the Asian nation. One such company is sports apparel maker Adidas AG […]
Global Investing Roundups
Oil Over $143; GM Falls to 54-year Low; Starbucks Closes 600 Stores; Nikkei Post 10th Straight Loss; United Health Lands in the Emergency Ward; 900 American Flight Attendants on Standby; Blockbuster Abandons Bid; Microsoft at it Again; Crude futures closed yesterday (Wednesday) at a record $143.57 a barrel in New York after the U.S. Department […]
The Five Secrets to Succeed at Bear Market Investing
By Keith Fitz-GeraldInvestment DirectorMoney Morning/The Money Map Report The Dow Jones Industrial Average is already in the bear's grasp. And the U.S. economy may well be headed for a recession. But here's the ultimate irony: Bear-market investing offers a direct pathway to the biggest profit opportunities most investors will ever see. History shows time and […]
Cashing in on Commodities: Three Ways to Profit From Record Meat and Dairy Prices
Editor's Note: This is the eighth installment of a new Money Morning series highlighting investment opportunities in the global bull market for commodities. By Jennifer Yousfi Managing Editor Although meat-and-dairy prices are expected to zoom even higher from their current record levels, this slice of the commodities boom won't be a slam-dunk profit play for […]
Surging Demand, Weak Supply, and Dwindling Inventories, Drive Oil to Another Record High
By Jason SimpkinsAssociate Editor Crude futures closed at yet another record high yesterday (Wednesday) after government data showed a decline in crude inventories. The news followed a separate report from the International Energy Agency that said oil supplies would remain tight through 2013. The U.S. Energy Department yesterday reported a decline of 2 million barrels […]