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 […]
Category
Stocks
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, […]
Outlook 2008: The Latin American Economy is 'Muy Caliente'
Editor's Note: This is the 10th Installment of an Ongoing Series Highlighting the Global Investing Outlook for 2008. By Mike Caggeso Associate Editor If 2007 proved one thing, it was that – next to China and India – Latin America is the world's next great emerging market. The 19 countries in the Latin America-Caribbean region […]
Money Morning’s Three-Minute Market Review: How Last Week’s Action is Shaping This Week’s Market
By William Patalon III Executive Editor Money Morning/The Money Map Report Look, up in the sky…it’s a bird; it’s a plane; it’s SUPER PREZ!!! Or is it? With his second term nearing an end, U.S. President George W. Bush is searching for a lasting legacy [in case “peace in the Middle East” doesn’t work out] […]
Market Rallies on Strong Productivity and Payroll Optimism
By Jason SimpkinsAssociate Editor Markets soared Wednesday, boosted by positive economic data that still left enough room for a Federal Reserve rate cut next Tuesday. The Labor Department announced that productivity rose at an annual rate of 6.3% in the third quarter, up from 2.2% in the second, and the biggest increase in four years. […]
Money Morning's Three-Minute Market Review:How Last Week's Action is Shaping This Week's Market
By William Patalon III Executive Editor Money Morning/The Money Map Report Market/Index Previous Week (11/23/07) Current Week (11/30/07) YTD Change Dow Jones Industrial 12,980.88 13,371.72 7.29% NASDAQ 2,596.60 2,660.96 10.17% S&P 500 1,440.70 1,481.14 4.43% Russell 2000 755.03 767.77 -2.53% Fed Funds 4.50% 4.50% -0.75% 10 yr Treasury (Yield) 4.01% 3.97% -0.74% Looks like Santa […]
Stocks Enjoy Their Biggest Two-Day Rally in Five Years
From Staff Reports U.S. stocks experienced their biggest rally in five years yesterday (Wednesday), as browbeaten investors seized on Federal Reserve Vice Chairman David Kohn's suggestion that another rate cut could be in the offing. The Dow Jones Industrial Average soared 331 points, or 2.56%, to close at 13,289.45 yesterday. Combined with a 213-point rally […]
Flood of Financial-Sector Write-downs Continue, Causing Stocks to Swoon
By Mike Caggeso Associate Editor Financial institutions dominated the headlines yesterday (Thursday), with yet another round of write-down worries – this time related to the banks’ fourth-quarter results. Investors and analysts believe Citigroup Inc. (C) may face $8 billion to $11 billion in fourth quarter write-downs, according to the Wall Street Journal – a huge […]