Word: stockely
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...that stock valuations look cheap," says Sam Stovall, chief investment strategist at Standard & Poor's. "But if the earnings portion of the price-to-earnings ratio is in question, then how can you say stocks are attractive...
Consumer Confidence Plunges, but the Stock Market Soars...
Lastly, it seems that stock analysts are still predicting too positive a picture for the companies they cover. Standard & Poor's recently polled stock analysts and found that together they believe the companies in the S&P 500 will earn $94.24 a share in 2009 in operating earnings. Not bad. By that measure, the S&P index has a p/e of 10.3, which is historically very cheap. Back in the late 1990s, the index...
...ways to access funds in the $700 billion federal-bailout package, while the company reportedly is also seeking cash injections to cover potential merger costs. GM and Chrysler employ more than 200,000 U.S. workers and support many more jobs in the auto-parts and sales industries; GM's stock has fallen more than 80% since January. White House press secretary Dana Perino confirmed talks between federal officials and the struggling company but added that ailing U.S. carmakers "are dealing with some decisions that they've made in the past. And we are in a global environment, and they...
...estate markets in Japan are slumping, and with banks reluctant to lend, developers, contractors and other property companies are increasingly in peril. On Oct. 9, New City Residence Corp., a real estate investment trust, went bust, becoming the first REIT to fail since the trusts were allowed to sell stock to the public. "Property developers could face more bankruptcies if banks continue their severe attitude," says Masahiro Mochizuki, a REIT analyst at Credit Suisse in Tokyo. "And companies in other sectors may go bankrupt because the economic condition in Japan is getting worse...