A Jobs Jamboree Friday
Jan 9th, 2009 | By Chuck Butler | Category: Financial NewsWill the ADP report be a good indicator? … China to slow treasury purchases? … Gold as a store of wealth… Dealing with the devil… And Now… Today’s Pfennig!
Will the ADP report be a good indicator? … China to slow treasury purchases? … Gold as a store of wealth… Dealing with the devil… And Now… Today’s Pfennig!
CBO forecasts $1.2 Trillion Budget deficit! And we can expect more! ADP shows job losses mounting big time! Brazil’s real reverses course… And Now… Today’s Pfennig!
Hewlett-Packard Co. (NYSE:HPQ) is making big strides even as the economy falls deeper into recession. HP’s superior products and exemplary execution are key factors behind this trend, says Horacio Marquez. And with the stock beaten down by broad market panic, Horacio says the company is a steal. He recommends building up a position in increments over the coming four months.
Consumer credit could be the next “aftershock” of this financial crisis, says Jason Simpkins. Banks have suffered big losses on mortgages, and are now looking to reduce their exposure to credit card debt. This could be the death knell for the American consumer, and deepen the US recession in 2009.
China unveiled yesterday (Sunday) what it described as a “massive” economic stimulus package – a planned capital infusion of $586 billion that it plans to use to reverse its slowing growth, to loosen credit and to offset slowing global growth by stoking domestic demand.
ADP Paints Positive Job Picture; MetLife Buys into Mortgages; United’s Ongoing Cost Battle; Smucker Strikes a Deal with P&G; U.S. Service Sector Continues to Grow; Emerson Abandons Bid for Chloride; Bob Evans Serves Meaty 4Q Profits; Icahn Moves to Replace Yahoo’s Yang