President-elect Barack Obama said Saturday that an analysis of his stimulus proposal found that the capital infusion could save or create as many as 4 million U.S. jobs by 2010, nearly 90% of them in the private sector.
Investors need to be ready for a downright nasty earnings season. Already, we are seeing some companies cut their earnings estimates by drastic proportions. If you are not prepared, it could get painful.
The U.S. economy shed 693,000 jobs in December, a showing that was far worse than economists had expected and that may even have been the biggest monthly loss of jobs in more than 30 years, analysts said of a closely watched survey of business employment released yesterday (Tuesday).
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.
The video game industry has a reputation for being recession proof. And soaring sales this year suggest there are some great profit opportunities in the sector. That’s why the Money Morning team have created this comprehensive guide to virtual investing.
This week is shaping up to be another active one on the bailout-and-financing front. First and foremost, Congress returns to work this week to consider a once-unthinkable proposal: Put up billions in taxpayer-backed loans so that Detroit’s “Big Three” can be saved. Expect a fight, however, as the bailout debate finally moves past banks to focus on General Motors Corp. (GM), Ford Motor Co. (F), and Chrysler Corp.
Investors are human. They make mistakes. That is why hedging is so important, says Alexander Green. He says there are plenty of stock bargains out there right now, but most people are too scared to enter the market. Alex recommends using trailing stops to limit downside risk on these 13 cash-rich companies.
While investors remain extremely concerned about the volatility of the U.S. stock market, the weakness of the American economy and the uncertainty of the global financial markets, last week brought “slight” relief from the excessive panic of the eight-trading-session losing streak.
Advanced Micro Devices (NYSE:AMD) will spin off its computer chip plants and receive a cash infusion of as much as $8.4 billion from an Abu Dhabi sovereign wealth fund. Will it help the chipmaker compete with Intel (NYSE:INTC)? Or will it leave it more vulnerable to a price war with its rival?
Baltimore will officially be a wireless city from tomorrow. If the trial is successful, the new WiMax technology could be rolled out across the entire nation.
This would make investors in Clearwire (NASDAQ:CLWR) a lot of money, says Andrew Snyder. The company is in partnership with Sprint Nextel (NYSE:S) to develop the project, which has financial backing from several major internet companies.
Andrew says investors should be ready for CLWR to soar if the Baltimore experiment is a success.
