Here were the unofficial closing bell levels:
Dow Jones: 12,400.03 +23.31 (0.19%)
S&P500: 1,332.87 +0.46 (0.03%)
Nasdaq: 2,789.19 -0.41 (-0.01%)
Top Analyst Upgrades/Downgrades
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There have been many lessons to learn from the "Great Recession." But while the message is often clear, we can't always muster the courage, discipline or consensus to act on these lessons.
The National Basketball Association (NBA) is about to enter its second season -- the playoffs. And for a Laker fan in Los Angeles, there is much to look forward to. However, the current NBA collective bargaining agreement will end and we will have to witness another battle between the billionaires and the millionaires.
Why can't the NBA learn from other businesses that have successfully maneuvered through economic turmoil to achieve profitability?
With several major developments occurring around the world, many investors may wonder how they could affect their portfolios or their lives. Here are two of the current, newsworthy events and how investors may interpret them.
The oil from Libya totaled about 2 million barrels a day before the revolution, half of which was exported. About 1 million barrels a day are no longer available to the world. That isn't enough to really affect the price of oil for a long period of time. Plenty of other countries can supply that amount without straining their capacity. But they're unlikely to step in to fill the gap when oil prices are above $100 a barrel. That price should recede once the conflict finishes and a more stable government is in place.
This post is part of Japan: A Special Report for Investors.
"Although some people may think it inappropriate, our job is to make readers aware of opportunities as they occur," says Glenn Rogers.
The contributing editor to Internet Wealth Builder explains, "Invariably, every major crisis creates such opportunities although they may only be suitable for aggressive investors. This one is no different.
"The question is: where to begin? Usually the best place to start is by looking at some of the securities that were hardest hit by the big sell-off that followed the disaster.
Monday could have been far worse. Japan led things south with news that the nuclear reactors were not shut down and could pose serious risks ahead. This sent Japan's NIKKEI 225 down more than 6% and back under the dreaded 10,000 mark. US markets held up better than expected, while news that Saudi troops were being asked to enter into protect Bahrain's infrastructure sent oil back up. US markets came back from larger losses late in the session.
Here were today's unofficial closing bell levels:
Dow Jones 11,993.16 -51.24 (-0.43%)
S&P 500 1,296.39 -7.89 (-0.60%)
Nasdaq 2,700.97 -14.64 (-0.54%)
Top analyst upgrades and downgrades
Top Japanese fund, ETF, and ADR movers
This is the fourth update to my ranting eight months ago that acquiring six of the most hated, and most highly traded stocks with constant negative headlines would outperform the overall market. The theory has born fruit as the toxic stocks are ahead and the difference is increasing over time.
Political and social change in the Middle East has rattled the oil market -- with crude nearing $100 per barrel, but when conditions on the ground stabilize, the global economic growth story will likely be intact, and that's a good reason to own diversified industrial giant General Electric Company (GE), first discussed on March 2, 2009, at a price of $13.80.
GE's stock has vectored above $20 this winter, pushing $22 before pulling back slightly, but I obviously still like the shares. Here's why:
Comcast Corporation (CMCSA) reported earnings for the fourth quarter on Wednesday. Today, the company's shares hit a new 52-week high of $25.39 during the intraday session (there's still more than two hours left until the closing bell rings, so that high point could eventually change).
The 52-week low for the cable business is $15.55. The one-year chart tracks the positive momentum of the equity. Will the stock break out to new heights from this juncture?
CBS Corporation (CBS) issued its fourth-quarter report after the bell today. The results should make shareholders happy. Adjusted net income rose an incredible 77% to 46 cents per share, according to the press release. That number went beyond the estimate by two pennies as indicated by TheFly.
Considering how the stock has fared over the past twelve months, one would have expected a good earnings report. The 52-week low for the shares is $12.26 while the 52-week high is $22.25. The chart communicates a company backed by some solid momentum.
Based on what I was reading going into the weekend, I thought the multiplex was going to be an unexciting place. I was therefore rather surprised to see what I thought were relatively impressive numbers attached to the top films.
According to early estimates for domestic grosses at Box Office Mojo, Sony's (SNE) Just Go With It, starring Adam Sandler, is so far credited with a first-place showing; the movie is believed to have made about $31 million for the Friday-through-Sunday period. But Viacom's (VIA.B) Justin Bieber: Never Say Never product isn't giving up without a fight. At the time of writing, it was in second place with $30.3 million. Essentially, it's a tie.
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