Posted Jul 3rd 2009 6:00PM by Sheldon Liber
Filed under: International markets, Other issues, Rants and raves, Competitive strategy, Workspace, Media World, Headline news

While Michael Jackson is referred to affectionately by fans as the
"King of Pop" . He could have just as easily carried the title
"The hardest working man in show business" except for the fact that elder statesmen of the music world, the late
James Brown earned that title first.
While recriminations are being thrown around about the specific cause of Jackson's death, the primary reason he passed away may really have been overwork. In truth, his sleep disorder, eating disorder, drug dependency and seemingly bazaar behavior at times may have all stemmed from his obsessiveness. He truly gave his fans everything he had in him right to the very end.
Many of us have been accused of being workaholics, some worse than others. Michael Jackson was an extreme example pushed by his perfectionist attitude and the fact that he always felt the need to surpass his already high performance level.
Continue reading Michael Jackson fireworks, the workaholic
Posted Jul 2nd 2009 11:30AM by Steven Halpern
Filed under: Major movement, International markets, Newsletters, NIKE, Inc'B' (NKE), DJIA, Stocks to Buy, Recession
"The conditions are in place for a 'Best Buy' opportunity," says Jim Stack, whose buy signal should receive special attention give the accuracy of his sells signals which side-stepped the bear market.
In addition, the money manager and editor of Investech Market Analyst is beginning to increase his equity positions, such as Nike (NYSE: NKE). He states, "With a portfolio of iconic brands, an identified growth strategy, recognized innovation, and sound financial footing, Nike fits the bill of being a great company."
"Very rarely do we have all these conditions in place – that's only occurred five times in the last 45 years. Historically, this means we should give the growing evidence of a new bull market every benefit of doubt.
Continue reading Step up to Nike (NKE): A 'great company'
Posted Jul 2nd 2009 7:40AM by Melly Alazraki
Filed under: Before the bell, International markets, General Motors (GM), Market matters, Economic data

U.S. stock futures were lower Thursday morning, the last day of trading in this shortened week and ahead of the holiday weekend. Investors this morning will turn their attention to the June jobs report for clues on whether the economy can continue to recover.
At 8:30 this morning two jobs report are going to be released. The weekly initial jobless claims report and June nonfarm payroll statistics. Economists surveyed by Bloomberg expect employers in the U.S. probably
cut an additional 365,000 jobs in June. If the data comes out as expected it would be evidence the stimulus plan has helped the labor market. In addition, the unemployment rate likely climbed to 9.6 percent, the highest since 1983. Unemployment is projected to keep rising for the rest of the year. [
Update: Employers
cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent.]
Continue reading Before the bell: Futures fall ahead of employment data
Posted Jul 1st 2009 2:00PM by Steven Halpern
Filed under: International markets, China, Newsletters, Stocks to Buy
"China Unicom (NYSE: CHU) could be one of the best ways to play China's astounding economic growth," says Brandon Clay in Invest with an Edge. Here's the growth advisor's review.
"With the world's largest population as its market, the mobile phone industry in China is set to soar. This makes China Unicom a compelling play. The firm has 21% market share in China.
"China Unicom's vice president recently said the company is targeting subscriber growth of 20 million to 30 million within a year. To put that into context, Verizon Wireless, the largest mobile phone carrier in the U.S., had 72.1 million subscribers at the end of last year.
Continue reading China Unicom (CHU): Set to soar?
Posted Jul 1st 2009 12:40PM by Tom Johansmeyer
Filed under: International markets, Industry
Recession or not, people can't walk around naked ... especially not in the United Kingdom. (Iceland in summer? Fair game.) Marks & Spencer Group Plc (London: MKS:UK), the largest clothing retailer in the country, just sustained its smallest drop in sales in nearly two years thanks to some savvy deals (offered to consumers) and warm weather. After making their dollars pounds stretch for so long, shoppers were finally ready for a bit of style.
Revenue declined a modest 1.4% for the year so far, much better than the 2.5% average estimate offered by 16 analysts. This was good enough to push M&S shares up 4%. If all goes well, same store sales may start to increase soon, which means that a full recovery will be right around the corner. Same store sales have fallen for the past seven quarters, and company cut its dividend for the first time in almost a decade.
The discounts that helped lead to the recent M&S sales performance are responsible for 18% of the company's food sales (which are down 0.5% on for same store) – much better than the 2.4% estimate. General merchandise fell only 2.4%, beating the 3.5% projection handily.
Posted Jul 1st 2009 9:00AM by Connie Madon
Filed under: International markets, China, Commodities, Oil
Why did China raise its gasoline and diesel prices? Beijing has a pricing policy that uses a 22-day moving average of crude oil. With the price of crude oil trading at around $71 per barrel, China felt it necessary to raise the price of gasoline and diesel fuel 9% and 10%, respectively. This will raise the price of a gallon of gasoline to $3.00 per gallon, compared with the U.S. price of $2.66 a week ago, according to Reuters news service.
With economies around the world gaining ground this quarter, it follows that demand for crude oil is also increasing. So far we've seen a doubling of oil prices since last February. The main concern is, given the pace of recovery, is there a point where demand for crude oil and gasoline will taper off. If so, we may be looking at an intermediate top in oil prices. However, if world economies continue to improve, crude oil could move to $75 to $80 per barrel.
Continue reading Why did China raise fuel prices to record levels?
Posted Jul 1st 2009 7:37AM by Melly Alazraki
Filed under: Before the bell, International markets, Market matters, Economic data, Oil, Housing

U.S. stock futures were higher Wednesday morning as stocks were ready to start off the third quarter on a positive note. However, several key economic reports are due out this morning, including reports on manufacturing, employment and housing. Recently, manufacturing has shown improvement in other parts of the world.
Stocks finished the second quarter Tuesday on a down note, but that couldn't erase the advances indices made during the quarter with the Dow Jones Industrial Average finishing the second quarter up 11 percent, the S&P 500 rose 15 percent and the Nasdaq Composite advanced 20 percent.
Continue reading Before the bell: Futures higher ahead of employment, manufacturing, housing data
Posted Jun 30th 2009 8:00AM by Tom Johansmeyer
Filed under: International markets, Industry, Competitive strategy, AMR Corp (AMR), Contl Airlines'B' (CAL), UAL Corp (UAUA), Delta Air Lines (DAL)
Continental Airlines (NYSE: CAL) is seeking immunity from antitrust laws to work more closely with United Airlines (NASDAQ: UAUA) and others on international routes. And, since airlines operate in a state of seemingly perpetual turmoil, what's the harm? According to the Justice Department: plenty.
The airline sought broad immunity as part of an effort to join Star Alliance, which includes US Airways, Lufthansa (OTC: DLAKY), and Air Canada -- along with United. Continental believes that it needs to join Star Alliance in order to remain competitive, especially with airlines that have this type of immunity already.
Continue reading Justice Department pushes back on Continental immunity request
Posted Jun 30th 2009 7:37AM by Melly Alazraki
Filed under: Before the bell, International markets, Market matters, Economic data, Oil, Housing

U.S. stock futures were higher Tuesday morning, indicating that on the last day of the second quarter and first half of 2009 Wall Street is poised to start on a positive tone. Seems investors were ready to extend the biggest rally stocks have staged in a quarter in about a decade . Investors this morning also await several economic indicators -- including housing and consumer confidence -- due out later this morning, hoping further signs the economy have stabilized are in the cards and a recovery is ahead in the second half of the year.
At 9:00 a.m. EDT, the Conference Board will release the June Consumer Confidence index, which is expected to have risen to 55.3 from 54.9, according to Briefing.com. The housing sector will also be in focus as at the same time the S&P/Case Shiller 20-city home price index for April is expected to show a decline from the year ago period. FInally, at 9:45 a.m., June's Chicago PMI, a regional manufacturing index, is expected to show it rose in June.
Continue reading Before the bell: Futures higher ahead of housing, confidence data
Posted Jun 29th 2009 7:33AM by Melly Alazraki
Filed under: Before the bell, International markets, Market matters, Economic data, Oil

U.S. stock futures edged higher Monday morning. As investors start taking toll of the first half ending tomorrow, today many will focus on the sentencing of Bernard Madoff for his multi-billion dollar Ponzi scheme. Investors will also gear up for several key economic reading coming later in this shortened holiday week.
The
Bernard Madoff's sentencing hearing, coming six months after the scandal came to light, will take front stage today. Madoff masterminded a multibillion dollar Ponzi scheme that wiped out fortunes, ruined charities and foundations, and even pushed some investors to commit suicide. His lawyer insists 12 years in prison is enough, while prosecutors demand a 150-year sentence fort he 71-year-old.
Continue reading Before the bell: Futures advance slightly as Madoff sentencing in focus
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