Word: stockely
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Financial stocks - banks, brokers, asset managers - led the stock market down earlier this year, and almost left the stage as many shares sank into single digits. In recent weeks, however, the group has reversed course, rallying strongly, and even led the market to a robust gain on Monday, with the Dow rising 235 points. So is this the sign of a true financial-stock recovery, or a seductive bear trap? TIME contributing editor John Curran caught up with Oppenheimer & Co. chief investment strategist Brian Belski, who was in Tel Aviv on Monday, to get his view on banks...
...much catching up still has to happen? Look at it this way: at the financial-stock peak they were around 27% or 28% of the S&P 500's total market capitalization; the financial sector got down to 9% at their low. Now they are about 12%. I believe the financial sector will rise back to 13% to 15%, which means the portfolio-readjustment buying isn't finished. But take note, the sector has had very big moves recently, and not all banks will be able to hang on for the next leg of this...
...place any stock at all in those labels, something dramatic has happened. In 1995, when Gallup started asking the question, the split was 56-33 in favor of abortion rights. Now the lines have crossed, and 51% call themselves pro-life while only 42% say they are pro-choice. It's a shift that stretches past personal convictions and into legal constraints. For 35 years, a majority of Americans have wanted abortion to be, essentially, legal with limits. But the movement toward greater restraint is clear. In the mid-'90s, when pro-choice forces were especially dominant, only 12% believed...
...Forever 21 stores are big (they need to be to stock the variety of merchandise they do and to refresh it so often) and big parcels of real estate aren't easy to find in Japanese cities. Forever 21 president Alex Ok said that the search for the site, which at 19,000 sq. ft. (1,800 sq m) is still just one-fifth of the size of a store planned for New York City's Times Square, began a year ago. But he found what he was looking for, and is confident he can tap into the new Japanese...
India's benchmark stock index on Monday surged a stunning 17%, a record one-day gain powered by investor euphoria over a resounding victory in nationwide elections by Prime Minister Manmohan Singh's Congress Party...