By Keith Fitz-GeraldInvestment DirectorMoney Morning/The Money Map Report Here at Money Morning over the past six months, we've talked a great deal about oil and gasoline prices. We've offered our predictions about how high those prices were going, and have detailed a number of investment opportunities – chosen as much for their margins of safety […]
Category
Stocks
Be Bold, Buy Gold
By Peter D. SchiffGuest Columnist As the price of gold has taken some lumps since it crashed back down through the psychologically significant $1,000-per-ounce mark back in March, those on Wall Street who had consistently underplayed its potential on its way up are now assuring its continued retreat. According to these gold market spectators, prices […]
Popular Stock Indicator Tells Investors to Hit the BRICs
By Jennifer Yousfi Managing Editor Global investors seeking undervalued markets might want to look at Russia, China, India, Malaysia, South Korea or Brazil. And if they want to avoid overvalued markets, they'd be best to eschew Italy, the United States, Japan, Canada, Switzerland, or Germany. What's tipping us off? The so-called Price/Earnings-to- Growth ratio, better […]
Even Groucho Marx Would be Happy With Indonesia’s Profit Opportunities
By Martin Hutchinson Contributing Editor At times, you can tell a country by the company it keeps. Indonesia just announced it plans to leave the Organization of the Petroleum Exporting Countries (OPEC), the infamous cartel that tries to push our oil prices through the roof. That decision may not seem very significant, but consider it […]
Is Brazil "Investment Grade" for Investor's Money, Too?
By Martin HutchinsonContributing Editor Brazil is a lot like a person who gets a new job, pays off some of his debts, and has his credit score upgraded. In pretty short order, all the charge-card companies boost his credit limits, cut the interest rates he's paying on his outstanding balances, offer him new credit lines […]
Japan Makes Way for China Tourist Money
Money Morning/The Money Map Report From my vantage point on my recent visit to both China and Japan, the signs are clear. China is coming. And Japan knows it. Major department stores like Takashimaya Co. Ltd., Sogo Co. Ltd. and Mitsukoshi Ltd. are gearing up. In places like Tokyo, Osaka and Kyoto, they're seeing a […]
With Strong Growth Prospects at Home and Increasing Influence Abroad, India is a Profit Play Investors Need to Make Now
By Martin Hutchinson Contributing Editor The Indian market as measured by the Mumbai Sensex Index is down 22% this year, about 25% below its all-time high reached in January. That's not very surprising: China is down further (about 35%) and most other emerging stock markets have also fallen. Growth in 2008 seems likely to be […]
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 […]
When Boring is Best: How to Ferret out Bargain-Basement Profit Plays
By Martin Hutchinson Contributing Editor Money Morning When stock market legends such as Warren Buffett, Jim Rogers or Sir John Templeton troll for investment plays, they hold out for bargains. The investing masses would do well to follow suit: All too often, investors fail in the markets because they pay Neiman-Marcus prices for Wal-Mart stocks. […]
Rogue Trader Costs Societe Generale $7.2 Billion
By Jason Simpkins Associate Editor Societe Generale SA (OTC: SCGLY), France's second largest bank by market value, said yesterday (Thursday) that it incurred a $7.2 billion trade loss from an "exceptional fraud" perpetrated by a rogue trader. It was the biggest trading loss ever incurred by a bank, Bloomberg News reported. The trader, Jerome Kerviel, […]