Transportation stocks weigh on Wall Street February 6, 2013 US stocks ended mostly flat yesterday, taking another pause in the recent rally that has driven the S&P 500 to five-year highs, as transportation and technology shares lost ground. Transportation stocks were among the worst performers. Shares of CH Robinson Worldwide fell 9.7 per cent to $60.50 and the stock was the biggest percentage loser [...]
FTSE flips back to rally mode after fresh data February 5, 2013 THE FTSE rebounded yesterday from a steep fall in the previous session, with investors encouraged by forecast-beating earnings and improving economic data from the Eurozone. The index closed 0.6 per cent, or 35.92 points, higher at 6,282.76, after suffering its biggest one-day in three months on Monday as political uncertainties in Spain and Italy and [...]
Recovery for US stocks on strong profits February 5, 2013 US stocks climbed yesterday, recovering a day after the market’s biggest sell-off since November, as stronger-than-expected earnings brightened the profit picture. Dell’s stock rose after the world’s No3 computer maker agreed to be taken private in a $24.4bn deal, the largest leveraged buyout since the 2008-2009 financial crisis. The stock gained 1.1 per cent to [...]
Investing is a lot easier with the right platform February 5, 2013 IT IS important for investors to pick solid investments that perform well over time. Equally important, however, is how you choose to buy, manage and monitor them. Many online platforms have sprung up that can help you with the process. They allow you to buy and hold different assets – like shares, bonds and funds [...]
The need for returns is still driving investors into equities February 5, 2013 MARKETS finally saw a sell off this week, as investors decided that discretion was possibly the better part of valour, and concluded that booking profits might be the thing to do. On the basis that nobody ever got sacked for taking a profit, it is understandable that funds, which have generally had a tough time [...]
FTSE knocked by downgrades and euro jitters February 4, 2013 BRITAIN’S top share index suffered its biggest one-day fall in three months yesterday, as growing political uncertainty elsewhere in Europe and a string of analyst downgrades sparked a wave of profit taking. The growing popularity of former premier Silvio Berlusconi ahead of elections in Italy and a corruption scandal in Spain fanned concerns that political [...]
US stocks slide as downgrades pull back gains February 4, 2013 US stocks slid yesterday, giving the S&P 500 its worst day since November, as renewed worries about the Eurozone crisis caused the market to pull back from recent gains. Shares of McGraw-Hill shed 13.8 per cent to $50.30, their worst daily percentage decline since the October 1987 market crash, after news the US Justice Department [...]
Avoid getting in a spin about the great rotation February 4, 2013 AS THE equity markets surge onwards, many are calling the beginning of the great rotation – the point when retail investors finally rotate out of the perceived safety of cash and bonds, and back into the stock market. Talk of the great rotation has occasionally made it into analyst notes over the last couple of [...]
BP’s difficulties may be behind it February 4, 2013 Chief Market Strategist, Cantor Index THE moment John Browne became chief executive of BP, the company’s fortunes went from strength to strength. Lord Browne, as he is today, orchestrated two very shrewd initiatives – the oil giant’s merger with Amoco in 1998, and its acquisition of ARCO (Atlantic Richfield Company) in 2000. The world was [...]
The Tipster | Bad reception at Vodafone February 4, 2013 TRADERS were rattled when Vodafone was downgraded by two brokers yesterday, over concerns about its revenues from Europe. And the telecoms giant may be in for an icy reception when it delivers its interim management statement on Thursday. Speculation is mounting that it may need to acquire other businesses to compensate for its shortcomings. GFT [...]
