"Murty (fondly called ASM) is a Satyam veteran of 15 years, and has been in its forefront since January 1994. He brings to play a deep understanding of the organisation, proven expertise in leading a business unit, overseeing global delivery, nurturing costumer relationships and spearheading the entire gamut of the human resource functions. He is well respected for his ability to effectively integrate the team and enable a collective decision making, which will be critical as Satyam moves into its revival phase," board member Deepak Parekh said in a statement.
Showing posts with label Stocks. Show all posts
Showing posts with label Stocks. Show all posts
Govt cos, MNCs may help Satyam with $400-m deals
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Labels:
Stocks
Satyam Computer Services may be poised to win large contracts worth around $400 million in revenues from some government-run entities and multi-national firms, giving the scandal-tainted firm a welcome breather at a time it is vulnerable to large-scale customer defections.
A top Satyam official, who asked not to be named, said the company was the front-runner for large contracts from the Indian Railways, BSNL, Vizag Steel Plant and the Indian Mint, as it was the lowest bidder.
The contracts from these entities are for tasks such as data management, information infrastructure management and deploying new applications. Rival bidders eyeing these contracts include IBM, Accenture, CSC, TCS, Infosys and Wipro.
Some of Satyam’s overseas clients are also likely to increase their engagement with it, the official said, listing a $100-million multi-year contract from a large global telecom company that is close to being finalised and additional work from a US-based technology company and a Swiss-based vending services company. The official declined to name the companies.
PwC global chief executive meets minister
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Stocks
PricewaterhouseCooper's global CEO Samuel DiPiazza, who is India amid the ongoing probe in the auditing major's role in Satyam scam, on Thursday met Corporate Affairs Minister Prem Chand Gupta.
The PwC global chief, who rushed to India from Davos, where he was expected to attend the World Economic Forum, went to meet Gupta on Thursday.
"We can confirn that Samuel A DiPiazza, Jr, Chief Executive Officer of PricewaterhouseCoopers International, met the Corporate Affairs Minister. It would be inappropriate to comment on a private meeting," a PW statement said.
DiPiazza's India visit coincides with Price Waterhouse suspending two of its partners -- S Goplakrishnan and Srinivas Talluri -- who worked on the accounts of scam-hit Satyam Computer and were arrested last week.
The PwC global CEO had been expected to stay longer at the World Economic Forum at Davos, but departed early. The two PW partners are being questioned in connection with the Rs 7,800-crore Satyam scam.
On Tuesday, PW had said, "In the light of recent allegations, the two have been suspended of all their duties and functions as partners, pending completion of investigations into the Satyam matter."
Price Waterhouse has also announced the resignation of its assurance leader, Thomas Mathew, but said he would continue to remain a partner of the auditing firm.
The PwC global chief, who rushed to India from Davos, where he was expected to attend the World Economic Forum, went to meet Gupta on Thursday.
"We can confirn that Samuel A DiPiazza, Jr, Chief Executive Officer of PricewaterhouseCoopers International, met the Corporate Affairs Minister. It would be inappropriate to comment on a private meeting," a PW statement said.
DiPiazza's India visit coincides with Price Waterhouse suspending two of its partners -- S Goplakrishnan and Srinivas Talluri -- who worked on the accounts of scam-hit Satyam Computer and were arrested last week.
The PwC global CEO had been expected to stay longer at the World Economic Forum at Davos, but departed early. The two PW partners are being questioned in connection with the Rs 7,800-crore Satyam scam.
On Tuesday, PW had said, "In the light of recent allegations, the two have been suspended of all their duties and functions as partners, pending completion of investigations into the Satyam matter."
Price Waterhouse has also announced the resignation of its assurance leader, Thomas Mathew, but said he would continue to remain a partner of the auditing firm.
TCS may call back 20% onsite staff in US
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Stocks
TCS, India’s largest software company, is planning to move about a fifth of its employees working onsite at various locations in the US to India, as general slowdown and reduced client requirements have declined the need for a large workforce in the US. According to a person familiar with the development, a communication was sent last week to various middle and senior-level management personnel, informing them about the proposal to shift people back to India, following a sharp fall in client requirements.
However, a TCS spokesperson, when contacted, strongly denied that 20% of the staff in the US was being moved back to India. “In the current environment, moving work to offshore locations (to India) is the focus for the company and its customers, as this helps optimise costs and increase operational efficiencies for both TCS and its customers,” he said, adding that less than 5% of TCS’ total US staff strength have come back to India in December 31, 2008.
The Tata Group company employs close to 14,000 employees in the US, who service many blue chip clients in the banking and financial services, auto and other manufacturing sectors.
Typically, most of the client requirements, include a combination of what is called ready-to-serve (RTS) work and enhancement work or value-addition. Since the slowdown in the US, most clients have completely stopped the enhancement work and hence require lesser number of people for delivering solutions onsite.
Satyam to name new CEO - Homi Khusrokhan is in the race
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Stocks
Satyam may appoint Homi Khusrokhan as its new CEO.
About Homi R Khusrokhan
Homi R Khusrokhan was appointed managing director of Tata Chemicals (TCL) in October 2006. Earlier, he was Executive Director of Tata Chemicals and, before that, managing director of Tata Tea from 2001 to 2004. Prior to joining the Tata Group, Mr Khusrokhan worked for Glaxo Laboratories (India) for 29 years, rising to become managing director of Burroughs Wellcome in 1995 and MD of both Glaxo and Wellcome (India) in 1996, a position he held till he retired in 2000. During his tenure, the company was voted as the 'most respected company in India', in a 1999 Business World survey.
Having obtained his BCom (Hons) from the Sydenham College of Commerce and Economics at the University of Bombay, Mr Khusrokhan qualified as a chartered accountant (CA), served his articles with A F Ferguson & Co in Bombay, and then went on to obtain the postgraduate degree of MSc (Econ) in accounting and finance from the London School of Economics and Political Science. He then worked with the Ford Motor Company in the UK for three years, before returning to India to join Glaxo.
Mr Khusrokhan was very active in industry affairs, in the pharma industry and otherwise. He was president of the Organisation of Pharmaceutical Producers of India and vice president of the Bombay Chamber of Commerce and Industry. He is married and has two children, a boy and a girl, both in the US.
Apple Lets The Numbers Talk
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Labels:
Stocks
Apple Fourth Quarter results are out. Net income for the quarter rose to $1.78 a share, or $1.61 billion, from $1.16 a share, or $1.05 billion, during the year-ago period. That's 39 cents better than the $1.39 per share analysts had expected. Sales rose to $10.17 billion from $7.5 billion during the year-ago quarter. Analysts had expected sales of $9.7 billion. Adjusted for the effects of the subscription-based accounting scheme used to tally sales of iPhones, however, and Apple's numbers are even more impressive: Earnings of $2.3 billion on sales of $11.8 billion.
Chief Operating Officer Tim Cook described the company's employees as "wicked smart," and said Apple's values are "well entrenched."
http://www.forbes.com/2009/01/21/apple-cook-earns-tech-enter-cx_bc_0121applecook.html
5 Reasons to Worry About Google
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Labels:
Stocks
From News Source:
http://www.fool.com/investing/high-growth/2009/01/20/5-reasons-to-worry-about-google.aspx
The search-engine bellwether is now two days away from posting its fourth-quarter results. In the past, this would be a novel time for shareholders to start snickering. Big G would trounce Wall Street expectations, analysts would shake their heads, and the instructions were simple: Rinse and repeat every three months.
Unfortunately for Google, there are several signs of mortality as we head into this week's telltale report. If you haven't noticed the cracks, you're not paying attention.
1. "Search-engine marketing" is just fancy talk for "advertising"
Market watcher Efficient Frontier estimates that the country's search-engine spending fell by 8% during the fourth quarter, according to The Wall Street Journal. That marks the first year-over-year decline that has taken place during Efficient Frontier's watch.
The decline is understandable. If consumers are cutting back, then spending more money on them would be counterproductive. Users need to click on the ads to put some coin into Google's lead-generating coffers, and that doesn't seem to be happening. Consumers are too focused on the self-preservation of capital to go on ad-sniffing expeditions. There's also the possibility that ad blindness has kicked in, and proficient online users are simply bypassing Google's text ads.
2. Sorry, sir, but we're fresh out of pie
One thing worse than dealing with a shrinking pie is commanding a thinner slice of it.
Over the years, Google has been able to expand the market-share gap between itself and the likes of Yahoo! (Nasdaq: YHOO) and Microsoft (Nasdaq: MSFT). Now the industry is taking a recessionary dip, and Google is bumping against the market-share ceiling. Efficient Frontier's report from 2007 showed that Google's share of search-engine spending grew by 8.6% to 76.6%. And that's essentially where Google finds itself today.
Is it all downhill form here? Online usage is going mobile, and that means bigger marketing opportunies for smartphone giants Apple (Nasdaq: AAPL) and Research In Motion (Nasdaq: RIMM), and for rising Web browser stars such as Firefox and Apple's Safari. So forget about whether Google can make better inroads. Let's see whether it can even keep its market share intact.
3. It's a small, small world
The one caveat to the first two points is that Efficient Frontier's data is limited to domestic trends. Google bulls can point to comScore's (Nasdaq: SCOR) grim outlook for Google back in April, when the market watcher pegged the growth in Google's domestic clicks at just 2.7% over the past year. Google blew past those targets, probably in part because of the international exposure that wasn't included in comScore's forecast.
The rest of the world is hurting now, so even if Google gains market share on Baidu.com (Nasdaq: BIDU) in China and achieves healthy growth streaks in percolating markets, the faltering economies around the globe are unlikely to bail the company out this time.
4. The incredible shrinking guesstimates
Like greyhounds chasing a mechanical rabbit around an oval racetrack, analysts have been on a relentless race to catch up to Google. Usually, the Internet star remained way ahead of Wall Street, with the pros left having to beef up their prognostications. Now there are more red flags waving than at a communist rally, and analysts have been going the other way with their bottom-line estimates.
The problem with diminishing profitability is that a falling stock isn't necessarily getting any cheaper on an earnings-multiple basis if both the numerator and the denominator are shrinking. Google's stock has fallen by more than Wall Street's revisions, but the company's near-term growth prospects have also been tempered.
5. Something's missing
Google believers may not mind that analysts are going the other way. The analysts have been wrong about the company for a long time, and besides, hosing down expectations makes it that much easier for the company to deliver an upward surprise.
But you don't want to fall into that trap. If analysts couldn't keep up with Google on the way up when they were jacking up their estimates, maybe they can't keep up with Google on the way down. Google has come in below Wall Street's guesstimates in half of the past six quarters. If you're into patterns, you'll see how Google has followed a miss with a win -- and vice versa -- in that span of time. After coming out ahead during the third quarter, pattern watchers may start getting nervous.
http://www.fool.com/investing/high-growth/2009/01/20/5-reasons-to-worry-about-google.aspx
The search-engine bellwether is now two days away from posting its fourth-quarter results. In the past, this would be a novel time for shareholders to start snickering. Big G would trounce Wall Street expectations, analysts would shake their heads, and the instructions were simple: Rinse and repeat every three months.
Unfortunately for Google, there are several signs of mortality as we head into this week's telltale report. If you haven't noticed the cracks, you're not paying attention.
1. "Search-engine marketing" is just fancy talk for "advertising"
Market watcher Efficient Frontier estimates that the country's search-engine spending fell by 8% during the fourth quarter, according to The Wall Street Journal. That marks the first year-over-year decline that has taken place during Efficient Frontier's watch.
The decline is understandable. If consumers are cutting back, then spending more money on them would be counterproductive. Users need to click on the ads to put some coin into Google's lead-generating coffers, and that doesn't seem to be happening. Consumers are too focused on the self-preservation of capital to go on ad-sniffing expeditions. There's also the possibility that ad blindness has kicked in, and proficient online users are simply bypassing Google's text ads.
2. Sorry, sir, but we're fresh out of pie
One thing worse than dealing with a shrinking pie is commanding a thinner slice of it.
Over the years, Google has been able to expand the market-share gap between itself and the likes of Yahoo! (Nasdaq: YHOO) and Microsoft (Nasdaq: MSFT). Now the industry is taking a recessionary dip, and Google is bumping against the market-share ceiling. Efficient Frontier's report from 2007 showed that Google's share of search-engine spending grew by 8.6% to 76.6%. And that's essentially where Google finds itself today.
Is it all downhill form here? Online usage is going mobile, and that means bigger marketing opportunies for smartphone giants Apple (Nasdaq: AAPL) and Research In Motion (Nasdaq: RIMM), and for rising Web browser stars such as Firefox and Apple's Safari. So forget about whether Google can make better inroads. Let's see whether it can even keep its market share intact.
3. It's a small, small world
The one caveat to the first two points is that Efficient Frontier's data is limited to domestic trends. Google bulls can point to comScore's (Nasdaq: SCOR) grim outlook for Google back in April, when the market watcher pegged the growth in Google's domestic clicks at just 2.7% over the past year. Google blew past those targets, probably in part because of the international exposure that wasn't included in comScore's forecast.
The rest of the world is hurting now, so even if Google gains market share on Baidu.com (Nasdaq: BIDU) in China and achieves healthy growth streaks in percolating markets, the faltering economies around the globe are unlikely to bail the company out this time.
4. The incredible shrinking guesstimates
Like greyhounds chasing a mechanical rabbit around an oval racetrack, analysts have been on a relentless race to catch up to Google. Usually, the Internet star remained way ahead of Wall Street, with the pros left having to beef up their prognostications. Now there are more red flags waving than at a communist rally, and analysts have been going the other way with their bottom-line estimates.
The problem with diminishing profitability is that a falling stock isn't necessarily getting any cheaper on an earnings-multiple basis if both the numerator and the denominator are shrinking. Google's stock has fallen by more than Wall Street's revisions, but the company's near-term growth prospects have also been tempered.
5. Something's missing
Google believers may not mind that analysts are going the other way. The analysts have been wrong about the company for a long time, and besides, hosing down expectations makes it that much easier for the company to deliver an upward surprise.
But you don't want to fall into that trap. If analysts couldn't keep up with Google on the way up when they were jacking up their estimates, maybe they can't keep up with Google on the way down. Google has come in below Wall Street's guesstimates in half of the past six quarters. If you're into patterns, you'll see how Google has followed a miss with a win -- and vice versa -- in that span of time. After coming out ahead during the third quarter, pattern watchers may start getting nervous.
Financial Turmoil - Year 2008
Sept 7, 2008 : U.S. bails out Fannie Mae and Freddie Mac
100 Billion Dollar to each.
Sept 9, 2008 : Lehman Brothers Struggles to Survive
Lehman Brothers struggled to survive after loosing more than half of its market value. Analysts feared that the investment bank was running out of time and options. Speculation rose that the government was unlikely to come to its rescue.
Sept 14, 2008 : Lehman Heads into bankruptacy, Merrill is sold
Lehman Heads into bankruptacy after it failed to find a buyer. Merrill Lynch agreed to be bought by Bank Of America.
Sept 16, 2008 : Fed's Loan Rescues AIG
The Federal Reserve agreed to lend AIG 85 Billion Dollar in exchange of control over AIG.
Sept 21, 2008 : Goldman Sachs and Morgan Stanly
The end of an era. Goldman Sachs and Morgan Stanly, the last big investment banks on Wall Street, got approval to become regulated bank holding companies.
Sept 25, 2008 : Washington Mutual Seized
Took over by FDIC, J P Morgan bough its deposits for $1.90
Sept 29, 2008 : Citi buys Wachovia
Initially Citigroup wanted to buy Wachovia’s banking operation for $2. Later Wells Fargo bought it for $15.1 billion.
Oct 01, 2008 : 700 Dollar Bailout Plan Reached
Senate passes $700 billion dollar financial bailout package.
Oct 06, 2008 : Global Markets Plummet
100 Billion Dollar to each.
Sept 9, 2008 : Lehman Brothers Struggles to Survive
Lehman Brothers struggled to survive after loosing more than half of its market value. Analysts feared that the investment bank was running out of time and options. Speculation rose that the government was unlikely to come to its rescue.
Sept 14, 2008 : Lehman Heads into bankruptacy, Merrill is sold
Lehman Heads into bankruptacy after it failed to find a buyer. Merrill Lynch agreed to be bought by Bank Of America.
Sept 16, 2008 : Fed's Loan Rescues AIG
The Federal Reserve agreed to lend AIG 85 Billion Dollar in exchange of control over AIG.
Sept 21, 2008 : Goldman Sachs and Morgan Stanly
The end of an era. Goldman Sachs and Morgan Stanly, the last big investment banks on Wall Street, got approval to become regulated bank holding companies.
Sept 25, 2008 : Washington Mutual Seized
Took over by FDIC, J P Morgan bough its deposits for $1.90
Sept 29, 2008 : Citi buys Wachovia
Initially Citigroup wanted to buy Wachovia’s banking operation for $2. Later Wells Fargo bought it for $15.1 billion.
Oct 01, 2008 : 700 Dollar Bailout Plan Reached
Senate passes $700 billion dollar financial bailout package.
Oct 06, 2008 : Global Markets Plummet
Well someone is speaking true language - Sin Citi
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Labels:
Bankruptacy,
Stocks
Came across an article in portfolio. They say that the basic principle of equity, which is that the guilty will be punished and that he who causes pain will feel pain, is simply not a part of the equation in any of the bailouts of the big banks that have taken place this year.
Bailing out Citi is a bit like putting out a fire in the house of a very irresponsible fellow down the street who lets his kids play with matches while he's sleeping in a hammock out back. You'd be very happy to see his house burn down, preferably with him in it, but you're afraid that the flames will spread through his unraked leaves to engulf the entire neighborhood.
Is there anyone accountable for these bank failures.
This guy on portfolio has guts.
Why Citigroup was bailed out???
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Labels:
Bankruptacy,
Stocks
Federal government agreed to rescue Citigroup by helping to absorb potentially hundreds of billions of dollars in losses on toxic assets on its balance sheet and injecting fresh capital into the troubled financial giant.
- Citigroup by the numbers: (WSJ Nov 24) Total Assets: $2.05 trillion
- Dangers of a Citigroup Failure: The failure of a single major financial institution could result in losses to the OTC derivatives market of $300-$400 billion, a new working paper finds. What’s more, since such a failure would likely cause cascading failures of other institutions, the total global financial system losses could exceed $1,500 billion (Singh/Segoviano -IMF) Background
- WSJ: As share price fell, Citigroup’s credit-default swaps, a measure of insurance against debt default, rose to reflect a cost of $470,000 to insure $10 million in bonds against default for five years
- Nov 19: Citi agreed to acquire a further $17.4 billion of assets held by structured investment vehicles advised by the company. Citi was forced to bail out seven troubled SIVs in December, assuming $58 billion of debt out of a total $87bn, as a slump in credit markets eroded the value of their assets
- Fitch, Nov 6: Citigroup has indicated that Citi-branded net credit card chargeoffs could exceed their 1992 peak of 6.44% in coming quarters, particularly if the unemployment rate remains under pressure
Off-balance sheet assets: $1.23 trillion (of which $667 billion in mortgage-related securities);
Market Cap: $20.5 billion
Q3 2008 Revenue: $16.68 billion
Dividend Yield: 10%
Share Price: $3.76
Further reading.....
Whats next on Bailout??
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Labels:
Bankruptacy,
Stocks
FT found a bit of interesting detail: "Citi and the US government made it clear that the Citi arrangement would be extended to other banks that pose risk to financial system stability, if need be."
Which bank could be next? Bank of America (BAC), which took on billions of dollars of mortgages with its buyout of Countrywide, may not be a bad candidate. Neither is Morgan Stanly (MS), which analysts believe will lose $.80 a share in the current quarter.
Short Selling Might be Banned Again
IOSCO Technical Committee meeting is convened on Monday, November 24 by teleconference to discuss urgent regulatory issues in the ongoing credit crisis.
The Technical Committee meeting will consider:
- Short Selling — Consider the effectiveness of recent regulatory responses in reducing manipulative short selling without stifling legitimate short selling activity, and explore possible coordination on rules relating to naked short sales, in particular with regard to position reporting and delivery and pre-borrowing requirements
- Under-Regulated or Unregulated Products — Develop disclosure principles to promote transparency in OTC markets for derivatives and other financial instruments which will contribute to enhanced investor protection and mitigating systemic risk.
The meeting also will focus on:
- Credit Rating Agencies — Assess members' progress in adopting rules based on IOSCO's revised Code of Conduct, and accelerate work on developing a common examination module.
- International Accounting Standards — Ensure that the process of developing international accounting standards continues to take account of the interests of investors.
MetaView lets you view the stock market in 3D
Lyle Andrews has released MetaView, a new application that lets you view stock market data in 3D.
MetaView lets you group stocks to view in 3D. If you are grouping stocks you hold, you can enter the number of shares you have; MetaView will calculate the total value and display it in the main view. Yu can use a menu to view more information about individual stocks; save headlines and URLs of new stories for each stock; access Securities and Exchange Commission (SEC) filings and graph them by date; and enter historical events and assign them to groups.
MetaView provides.
• What stocks parallel each other and under what conditions do they diverge?
• What stocks are dependent on others?
• To what degree do news stories affect stock prices, and do the prices change before or after the stories get published?
• Are there certain historical events that move entire markets simultaneously?
Currently MetaView does the the following:
• You can create groups of stocks to view in 3D, if you enter the number of shares you have of each it will calculate the total value and display it in the main view.
• When you are viewing a particular stock in MetaView you can use a menu to jump to view more information about that stock at any of the free financial news sites out on the web.
• You can then save headlines (and URLs) for news stories for each stock and graph when they were published on the price graph.
• You can also access SEC filings and graph them by date.
• You can enter historical events and assign them to various groups, they will then be displayed as labels on the reference grid behind the stock charts.
• MetaView has a speech sythesis function that can give you an audible summary of each stock in a group as it automatically cycles through them.
• MetaView comes with a screensaver that shows the same view as the main window. It's eye catching and entertaining, as well as being informative, and tends to draw a lot of attention from friends and coworkers. The speech synthesizer can also be turned on and off while in screensaver mode.
• MetaView automatically downloads data for the U.S. market. You can schedule when this happens or use the default schedule. Because data is stored on your local hard drive rather than the net, access is very fast, and you can still use most of its functionality when you have no net connection.
Breaking News --- US Markets will go up on Monday
Obama to announce economic team on Monday in order to calm the markets.
5 Coming Aftershocks of the Credit Crisis
Here’s how you could earn 50% to 400% on every one of them, starting with
the next 379% windfall…
Aftershock #1: The collapse of investment banks… Bad news right? For the investment banks it’s a catastrophe. For others it’s going to be a windfall. That’s because “Two Big Money Shops” are about to takeover that business and become the next Goldman Sachs. Know how to play this mega “takeover” and steady gains of 222% and 160% are likely to come rolling in, as you’ll see below…
Aftershock #2: How about new government regulations? Starting immediately – and for at least the next 18 months – they’re going to destroy a whole crop of weakened companies. One new regulation secretly put into effect overnight by the U.S. Treasury is about to flatten one company in particular – you’ll see ways to profit right away, to the tune of 87% on this one.
Aftershock #3: The next shoe to drop in the credit crisis is a big one. $600 billion in loans is about to come due on these overlooked “mortgages.” And right now the next wave of “foreclosures” is imminent. When this explodes in the next 30 days, you’ll discover ways to play this event for consistent gains of 30% to 200%, week in and week out…
Aftershock # 4: If you think insurance giant AIG is the main event in crisis, think again. Seven other giants are about to get hit with a “triple-whammy.” Some will survive; others will thrive. We’ll give you the opportunity to score 50% to 75% on the way down – and a massive 379% on the way up. You’ll see below.
Aftershock # 5: No doubt, the crisis is global. So what is the International Monetary Fund doing to help? Few know this yet, but they’re about to pump a heartwarming $100 billion into a select few economies. When the money hits, you could be looking at a string of 100%-plus winners. See below.
Checkout here.. How you can gain from them...
http://www.oxfonline.com/TriggerEvent/EDI1108.html?pub=EDI&code=EEDIJB06&o=1588746&u=35929968&l=1596246
the next 379% windfall…
Aftershock #1: The collapse of investment banks… Bad news right? For the investment banks it’s a catastrophe. For others it’s going to be a windfall. That’s because “Two Big Money Shops” are about to takeover that business and become the next Goldman Sachs. Know how to play this mega “takeover” and steady gains of 222% and 160% are likely to come rolling in, as you’ll see below…
Aftershock #2: How about new government regulations? Starting immediately – and for at least the next 18 months – they’re going to destroy a whole crop of weakened companies. One new regulation secretly put into effect overnight by the U.S. Treasury is about to flatten one company in particular – you’ll see ways to profit right away, to the tune of 87% on this one.
Aftershock #3: The next shoe to drop in the credit crisis is a big one. $600 billion in loans is about to come due on these overlooked “mortgages.” And right now the next wave of “foreclosures” is imminent. When this explodes in the next 30 days, you’ll discover ways to play this event for consistent gains of 30% to 200%, week in and week out…
Aftershock # 4: If you think insurance giant AIG is the main event in crisis, think again. Seven other giants are about to get hit with a “triple-whammy.” Some will survive; others will thrive. We’ll give you the opportunity to score 50% to 75% on the way down – and a massive 379% on the way up. You’ll see below.
Aftershock # 5: No doubt, the crisis is global. So what is the International Monetary Fund doing to help? Few know this yet, but they’re about to pump a heartwarming $100 billion into a select few economies. When the money hits, you could be looking at a string of 100%-plus winners. See below.
Checkout here.. How you can gain from them...
http://www.oxfonline.com/TriggerEvent/EDI1108.html?pub=EDI&code=EEDIJB06&o=1588746&u=35929968&l=1596246
Thirty financials hit 52-week lows
The stocks of 30 of the more than 80 financial companies in the S&P 500 hit 52-week lows on Thursday, as the markets took a beating. The biggest decliners were Prudential Financial Inc, which was down as much as 25.4%, to $20.14, and American Express Co., which fell as low as $16.55, a 16.6% fall from its $19.85 opening price.
The averages broke through their previous lows set in October and tumbled to fresh lows before rebounding slightly. The S&P and Nasdaq have not been at these levels since 2003. Each of the major indices is down more than -2.60%, with the Nasdaq down more than -3.25%. Declining stocks are ahead of advancing stocks by a 4:1 margin while the down volume is ahead of up volume by 9:1. The financials continue to get pummeled, down another -3.90%, led by Citigroup (C) and Bank of America (BAC).
The averages broke through their previous lows set in October and tumbled to fresh lows before rebounding slightly. The S&P and Nasdaq have not been at these levels since 2003. Each of the major indices is down more than -2.60%, with the Nasdaq down more than -3.25%. Declining stocks are ahead of advancing stocks by a 4:1 margin while the down volume is ahead of up volume by 9:1. The financials continue to get pummeled, down another -3.90%, led by Citigroup (C) and Bank of America (BAC).
White Cap Index - Best bet in these down times
Almost every stock market index is down - considerably - for the year. But not the White Cap Index.
It's up 135%... in the midst of one of the worst financial crises in history. How the White Cap Index Slaughters Oil – and EVERY Other Benchmark – By More Than 95% Each Year
What is a White Cap Stock???
Some stocks simply have such great potential … and sport such impressive fundamentals that “everyone” knows they will easily double, triple, even increase tenfold in short order.
Most times, it’s because such companies are poised to ride a brand new trend, and the institutional wave of money that follows, into the stratosphere.
Such “sure-things” capture the essence of what refer's to as White Cap stocks.
White Cap Index Additions
http://whitecapreport.com/white-cap-index-additions/
Just visit below the websites for more information.
http://whitecapreport.com/what-is-a-white-cap-stock/
http://www.oxfonline.com/WhiteCap/WC110879.html?pub=WCR&code=EWCRJB02&o=1587280&u=35929968&l=1595991
It's up 135%... in the midst of one of the worst financial crises in history. How the White Cap Index Slaughters Oil – and EVERY Other Benchmark – By More Than 95% Each Year
What is a White Cap Stock???
Some stocks simply have such great potential … and sport such impressive fundamentals that “everyone” knows they will easily double, triple, even increase tenfold in short order.
Most times, it’s because such companies are poised to ride a brand new trend, and the institutional wave of money that follows, into the stratosphere.
Such “sure-things” capture the essence of what refer's to as White Cap stocks.
White Cap Index Additions
http://whitecapreport.com/white-cap-index-additions/
Just visit below the websites for more information.
http://whitecapreport.com/what-is-a-white-cap-stock/
http://www.oxfonline.com/WhiteCap/WC110879.html?pub=WCR&code=EWCRJB02&o=1587280&u=35929968&l=1595991
US Markets - Remembering October 2008
October was the worst month for the Standard & Poor’s index of 500 stocks in 21 years — since the 1987 stock market crash.
But the final week was the best week for the market in 34 years.
As befits such a wild month, it was the most volatile in the 80-year history of the S.& P. 500.
The huge gains of the final week were reminiscent of the sharp recoveries from bear market lows in 1974 and 1982. Both of those moves came while the economy was mired in recession, as it almost certainly is now.
If Monday’s stock market lows prove to be the low prices for this cycle, the bear market will have ended with the S.& P. 500 down 46 percent from the peak it reached in October 2007.
That would make the bear market almost, but not quite, as bad as the 1973-74 bear market, which ended with the index down 48 percent.
In the 2000-2 bear market, the fall was 49 percent.
The hectic market action in October spread across most of the globe. Remarkably, the American market was one of the calmer markets during the month. Several had more volatility and larger swings in prices.
Nor was the volatility limited to stock prices. Oil prices fell 33 percent during October, making this the worst month for that market since oil futures began trading in 1983. Oil is down to just under $68 a barrel, from a peak over $145 in July.
One volatility measure, shown in the accompanying charts, is the number of days in which an index closes up or down at least 4 percent.
In normal times, the market goes years without having even one such day. There were none, for instance, from 2003 through 2007. There were three such days throughout the 1950s and two in the 1960s.
In October, there were nine such days.
The accompanying chart shows the months, from 1928 through the present, when the S.& P. 500 had at least five days with 4 percent moves. Most of them were during the 1929 crash and the Great Depression.
Until now, September 1932 held the record for the most days with big moves, at eight.
Two days during October ended with the index leaping more than 9 percent, something that had happened only nine times in the previous 80 years.
For the week, the S.& P. 500 was up 10.5 percent, the best weekly gain since a 14.1 percent rise in the week that ended Oct. 11, 1974.
If the rebound this week indicated that the bear market of 2007-8 had ended, it lasted just over a year and hit bottom on Monday, at 848.92. It recovered to 968.75 by week’s end.
There were similar moves in most major indexes. The Dow Jones industrial average ended the week up 11.3 percent, at 9,325.01, and the Nasdaq composite climbed 10.9 percent, to 1,720.95.
For the month, the S.& P. 500 was still down 16.9 percent, the worst showing for the index since it fell 21.8 percent in October 1987. The Dow fell 14.1 percent, and the Nasdaq index lost 17.7 percent.
Both moves — weekly and monthly — affected every sector and nearly every stock. Only seven of the stocks in the S.& P. 100 fell this week, while just nine were up for the month.
Of the 30 stocks in the Dow industrials, only one fell this week. General Motors dropped 16 cents to $5.79 amid talks on a possible merger with Chrysler and additional government aid.
For the month, all 30 were down, with Alcoa turning in the worst performance with a decline of 49 percent. But in the final week, it rose 22 percent, ending at $11.50 after trading as low as $9 and as high as $22.35 during the month. It traded at more than $47 last year.
During the bear market, financial stocks led the way down. The S.& P. financial index fell 65 percent from the high it reached in early 2007 to the low close on Monday. By Friday, the index had recovered 17 percent.
But the final week was the best week for the market in 34 years.
As befits such a wild month, it was the most volatile in the 80-year history of the S.& P. 500.
The huge gains of the final week were reminiscent of the sharp recoveries from bear market lows in 1974 and 1982. Both of those moves came while the economy was mired in recession, as it almost certainly is now.
If Monday’s stock market lows prove to be the low prices for this cycle, the bear market will have ended with the S.& P. 500 down 46 percent from the peak it reached in October 2007.
That would make the bear market almost, but not quite, as bad as the 1973-74 bear market, which ended with the index down 48 percent.
In the 2000-2 bear market, the fall was 49 percent.
The hectic market action in October spread across most of the globe. Remarkably, the American market was one of the calmer markets during the month. Several had more volatility and larger swings in prices.
Nor was the volatility limited to stock prices. Oil prices fell 33 percent during October, making this the worst month for that market since oil futures began trading in 1983. Oil is down to just under $68 a barrel, from a peak over $145 in July.
One volatility measure, shown in the accompanying charts, is the number of days in which an index closes up or down at least 4 percent.
In normal times, the market goes years without having even one such day. There were none, for instance, from 2003 through 2007. There were three such days throughout the 1950s and two in the 1960s.
In October, there were nine such days.
The accompanying chart shows the months, from 1928 through the present, when the S.& P. 500 had at least five days with 4 percent moves. Most of them were during the 1929 crash and the Great Depression.
Until now, September 1932 held the record for the most days with big moves, at eight.
Two days during October ended with the index leaping more than 9 percent, something that had happened only nine times in the previous 80 years.
For the week, the S.& P. 500 was up 10.5 percent, the best weekly gain since a 14.1 percent rise in the week that ended Oct. 11, 1974.
If the rebound this week indicated that the bear market of 2007-8 had ended, it lasted just over a year and hit bottom on Monday, at 848.92. It recovered to 968.75 by week’s end.
There were similar moves in most major indexes. The Dow Jones industrial average ended the week up 11.3 percent, at 9,325.01, and the Nasdaq composite climbed 10.9 percent, to 1,720.95.
For the month, the S.& P. 500 was still down 16.9 percent, the worst showing for the index since it fell 21.8 percent in October 1987. The Dow fell 14.1 percent, and the Nasdaq index lost 17.7 percent.
Both moves — weekly and monthly — affected every sector and nearly every stock. Only seven of the stocks in the S.& P. 100 fell this week, while just nine were up for the month.
Of the 30 stocks in the Dow industrials, only one fell this week. General Motors dropped 16 cents to $5.79 amid talks on a possible merger with Chrysler and additional government aid.
For the month, all 30 were down, with Alcoa turning in the worst performance with a decline of 49 percent. But in the final week, it rose 22 percent, ending at $11.50 after trading as low as $9 and as high as $22.35 during the month. It traded at more than $47 last year.
During the bear market, financial stocks led the way down. The S.& P. financial index fell 65 percent from the high it reached in early 2007 to the low close on Monday. By Friday, the index had recovered 17 percent.
Emerging-Market Stocks Exit Bear Market With Three-Day Surge
Bloomberg says
Emerging-market stocks exited a bear market after MSCI Inc.'s index of developing nations surged more than 20 percent in three days following liquidity injections by the U.S. and International Monetary Fund.
The MSCI Emerging Markets Index of 25 nations jumped 9.2 percent to 558.02 at 10:07 a.m. in New York, bringing its advance since the Oct. 27 close to 23 percent. Russia's Micex Index increased the most, adding 17 percent.
Emerging-market stocks exited a bear market after MSCI Inc.'s index of developing nations surged more than 20 percent in three days following liquidity injections by the U.S. and International Monetary Fund.
The MSCI Emerging Markets Index of 25 nations jumped 9.2 percent to 558.02 at 10:07 a.m. in New York, bringing its advance since the Oct. 27 close to 23 percent. Russia's Micex Index increased the most, adding 17 percent.
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