Red Roadmaster Stock Talk
Alert: Red Roadmaster looks at Walgreen Co. (WAG) for the first time today.
The S&P 500 climbing a wall of worry is up 15.4% so far this Q as it makes a charge to its best quarterly performance since Q-4 Y 1998.
The S&P 500 has rallied about 60% from the 12-year low hit on March 9, [...]
Nike beats, shares pop
Nike Inc beat quarterly profit expectations as deep cost cuts and lower taxes more than offset lower revenue in Key markets like the United States and China, sending its shares up 4.4%. The world’s top athletic shoe and apparel maker stressed it was gaining market share and stood to benefit when the global economy improved. [...]
SEC reconsiders securities lending as risks exposed
US securities regulators are eyeing new restrictions on the multi-trillion dollar securities lending market used by short-sellers after the credit crisis revealed the industry was “anything but low risk.” Some pension funds, mutual funds and foundations that loaned their securities were “significantly harmed,” Mary Schapiro, chairman of the Securities and Exchange Commission, said at the [...]
Wynn Resorts prices Hong Kong IPO at top of range
Wynn Resorts today priced the US$1.6B Hong Kong IPO of its Macao operations at the top end of its range after investors flocked to the listing of the first US based company in the city. The US gaming company, controlled by Steve Wynn, would sell a 25 per cent stake in its Macao business at [...]
Apple’s App Store downloads over 2B
Apple Inc. on Monday said more than 2B applications have been downloaded from its App Store, a service for the company’s iPhone and iPod Touch media player which now has over 85,000 applications available. “The rate of App Store downloads continues to accelerate with users downloading a staggering two billion apps in just over [...]
World Bank: conomic crisis is remaking global power relations
World Bank President Robert B. Zoellick said Monday that the global economic crisis is contributing to shifts in power relations in the World that will impact currency markets, monetary policy, trade relations and the role of developing countries. In a speech ahead of the Annual Meetings in Istanbul, Turkey, of the World Bank and International Monetary [...]
Red Roadmaster Stock Talk
Re-cap of the US Stock Market Action for September 28, 2009
With Monday’s gains, the DJIA held an advance of about 16% so far this Q, making it the best period since the Q-4 Y 1998.
M&A was in the headlights as several deals were announced and investors are betting more will follow.
The DJIA charged North 124.17 [...]
IMF says; “revise up 2010 global growth forecast…”
The International Monetary Fund will increase its forecast for global growth next year in the next few days to account for a faster recovery in major economies, its deputy director said Monday. The IMF will raise its forecast for 2010 global growth to about 3% from 2.5%, said Murilo Portugal, the fund’s deputy managing director. [...]
IMF Claim Credit for Recovery
The International Monetary Fund said on Sunday that large financing packages, more flexible policy advice, and fewer conditions in its loans to emerging-market countries have helped avoid catastrophic damage to their economies during the current financial crisis.
In an internal review of its lending to 15 emerging economies since the global financial upheaval began last year [...]
BRIC’s Brilliant Outlook
With China poised to surpass Japan as the second-largest economy, the decision by world leaders to make the Group of 20 nations the main forum for global economic coordination instead of the G-8 reflects the increasing power of emerging markets.
The CHART OF THE DAY tracks gross domestic product of Japan, Germany, the U.K., France, Italy [...]
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