Word: market
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Dates: during 1950-1959
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...market also proved that the new economy is so big and so diverse that many industries once considered the driving forces can slow down without bringing a traffic jam throughout business. The tobacco companies, the supermarket chains, drug and electronics companies all had record or near-record years despite recession. Investors reacted by driving P. Lorillard up 175% to 89 at the high; General Foods went from 50¼ to 79½ Federated Department Stores from 30⅛ to 54¾ Pfizer, Merck. Schering, and Carter Products posted 68% to 114% gains. One spectacular performer riding a recession boom: Zenith...
...year's end some Wall Street professionals worried that the Bull had overreached himself, that the market had gone too high too fast. A few years ago, a stock that was selling for 15 times its earnings was considered expensive. At year's end the price-earnings ratio for industrials on Moody's index stood at 21, and for many stocks it was much higher, e.g., IBM is selling at 47 times earnings. Viewed at current earnings, the market may indeed be too high, reflecting a hedge against more inflation as well as a hope of sharing...
...European autos, such as Volkswagens, MGs, Renaults and Fiats, buzzed off with 8% of the domestic market, better than double their 1957 record. But the man of the year in autos was American Motors President George Romney, who had staked the fate of his company on the small Rambler and won. As sales soared, he turned American Motors' $11.8 million loss in 1957 into a $26 million 1958 profit, and at year's end sales and profits were still climbing fast...
...billion on research and development in the hope of creating a benign circle of economic activity: the exciting demand for new products creates employment, which in turn results in more money for more workers to buy still more goods. "The more we get," says Curtis C. Rogers of the Market Research Corp. of America, "the more we are willing to work to get still more...
...eagerly the U.S. consumer greets an exciting new product was witnessed by Chicago's Motorola Inc., one of the first to jump into the market for stereophonic phonographs in 1958. The company put on sale a portable stereo set priced at $159.95, hoped to sell 8,000 units by Christmas. Actual total: 72,000 sets. Next year Motorola will spend $12 million on advertising its products, and thinks that stereo, which can run to $5,000 a set, may turn into as big a bonanza...