In Q2 2008 – for the first time ever – the Dow Jones Industrial Average posted quarterly losses instead of earnings. The Dow’s price-to-earnings ratio is now listed as “Nil,” leaving Wall Street without its favorite valuation metric for blue chip companies, says Casey Research’s Doug Casey.
There was some reprieve for U.S. shares yesterday. Helped by expectations that the government is ready to bail out stricken mortgage giants Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE), the markets closed mostly higher.
But the markets are still in turmoil, says Aaron Lehman in The Smart Profits Report. And the Fed is running out of options to save the system. But some stocks still offer investors great long-term potential returns.
Aaron is bullish on cellphone maker Nokia Corp (NYSE: NOK) and small biotech Enzo Biochem (NYSE:ENZ)…
Best Buy Goes Kiosk; Strike Averted at Verizon; Pilgrim’s Pride Shutdown; JDA Doubles Up; Japan’s Stimulus; Oil Hits New Three-Month Low; Waste Management Raises Bid; UPS in Talks with Competitor.
U.S. Federal Reserve Chairman Ben S. Bernanke and his fellow central bank policymakers will be back in the spotlight this week as the group convenes for its monthly monetary-policy meeting.
Verizon Helped by Wireless Sales; Kraft Produces Profit; Raytheon Teams with NASA; Ryanair Crashes and Burns; Dow Dives 240 points; Oil Rallies on Political Tension; White House Lowers Growth Estimate; Amgen Profit Slides.
Verizon Wireless has agreed to buy Alltel Corp. (PINK: ALTEO) for $28.1 billion in a deal that should vault Verizon past AT&T Inc. (T) as the country’s No. 1 mobile phone company.
Sohu Soars on 156% Jump in Revenue; Price of Crude Can’t be Contained; Kerkorian Riding Shotgun at Ford; Verizon Gets a Boost From Wireless Business; Visa Profit Up 28%; BoA to Modify $40 Billion in Loans; Corn Continues to Grow in Price; Questar’s Piping Hot Earnings Report.
The market for mobile TV services in India will reach $360 million this year, as an estimated 12 million consumers sign up for this new entertainment offering in its first year of existence, market researcher Springboard Research announced in a new study released this week.
