Word: stockely
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...well-known market analyst suggests that putting money into the stock markets in China and Brazil will pay off better than keeping capital in U.S. equities. According to Reuters, Mohamed El-Erian, chief executive at Pimco, the world's biggest bond fund manager, said about China and Brazil, "The case for optimism comes from the fact that these countries entered today's global crisis with better initial conditions." (See pictures of the global financial crisis...
...this year, the Shanghai Composite, the best measurement of stock values in China, is up over 20%. Those making the argument that the world's most populous nation will have a strong year can point to that number as an indication of optimism. The trouble with the theory is that when the Asian nation's economy was at its most robust, in 2007 and early 2008, the same index of China's stock fell from a level of 6,000 to 1,700 where it bottomed five months ago. This must be what the head of Pimco meant when...
...fairing under the withering decrease in demand caused by the recession, Ann Taylor (ANN) is a good example for analysis. In the fourth quarter, its sales dropped 20% to $483 million. It will close 163 of its stores. That is from a total of 935. The company's stock now trades at $2.82, down from a 52-week high of $29.23. Most of that collapse occurred over the last six months...
...stock price of the beleaguered financial giant Citigroup jumped 38% today, to a whopping $1.45 per share. Shares are now down only 93% from a year...
Consider for a moment why certain stocks rallied. The news that gave Citi - and a bunch of other finance firms - such a boost was that the New York City-based company would be profitable for the months of January and February. Fantastic, but those results exclude asset write-downs (i.e., one of the big reasons the stock takes a beating most other days of the week). Another big gainer: United Technologies. What did the aerospace-equipment and industrial-products maker do to earn an 8.6% boost to its stock price? It said it would lay off 11,600 people. (Read...