Sounds good, annaland and I look forward to meeting you. remember, shirts are required and no tennis shoes! a guy almost got escorted out last year for violating the dress code.
The Surf Report
- Thread starter marketsurfer
- Start date
- Status
Sounds good, annaland and I look forward to meeting you. remember, shirts are required and no tennis shoes! a guy almost got escorted out last year for violating the dress code.
Quote from marketsurfer:
Sounds good, annaland and I look forward to meeting you. remember, shirts are required and no tennis shoes! a guy almost got escorted out last year for violating the dress code.
No worries. I can't get the better half out of the hotel without dressing to the nines when she's in the city.
remaining extraordinarly bullish....
Another historic week in the stock market! The interest rate slashing, cash infusing, stock buying Federal Government sent stocks on a wild, roller coaster ride of heavy volatility and record moves.
ADVERTISEMENT
An epic battle is taking place, creating massive opportunity for the savvy investor, between those who attempt to reign in the free market and the marketplace him/herself. I am anticipating more of the same market tweaking attempts by those who control the economy, resulting in often unexpected short term reactions from the market.
Although no one knows for certain, I remain extraordinarily bullish and positive feeling about the market, believing all time highs will again be reached in the near future. Let's take a closer look at the action this week. Monday had the first inklings of something positive about to happen with better than expected housing figures pushing stocks up for the first half of the day. Around 2:00 P.M. EST on Monday, waves of profit taking hit, knocking the indexes back down the steep steps into negative territory. News of Deutsche Bank's massive losses in the derivative marketplace did little to lift floundering stocks by the close.
Tuesday saw the biggest point gain of all time in the major indexes despite sharply lower Consumer Confidence numbers. Bargain hunters and others anticipating good things in the future, stepped in with aggressive buying, ignored the negatives, and triggered the record rally.
Those forecasting a 50 basis point cut hit the nail on the head on Wednesday, when the Feds cut rates by the anticipated 50 basis points. This sent stocks on a steep rally, after selling off on the news, only to be knocked back into negative land by the close. Oil was the unexpected initial beneficiary of the cut, rallying in hopes of lower rates spurring economic activity, hence demand for the black gold.
Thursday saw the expected rate cut buying furthered fueled by a better than expected GDP figure pushing stocks nicely into positive territory. Stocks continued their volatile ways into Friday morning, flirting back and forth across the break even point so far today. Negative news on the Consumer Spending front is acting as a drag so far today.
EDIT MKHJKHHKJKJKJKJJKJKJKJJEKJWKE(*$(%($)&U@)(*@)#*($@_
Northrop Grumman (NYSE:NOC - News) - This defense contractor has just been upgraded from a 4 to a 5 Long Term PowerRating. Surprisingly this company has been down trending since September, 2008. However, it appears to have found support around the $40.00/share level. The third quarter results were solid with EPS up 6%, guidance increased by 0.10 cents per share, and sales are up 6%. In addition, $70 billion in new orders are backlogged. This is a huge number! NOC looks like a good stock to consider for your long term portfolio right now.
Carter's Inc (NYSE:CRI - News) - The popular baby clothes maker beat third quarter estimates and appears to be bouncing on the chart. It was just upgraded from a 3 to a 4 Long Term PowerRating and look like a good choice here for your watch list.
McDonald's (NYSE:MCD - News) - The popular burger and American made international fast food giant has earned a 6 Long Term PowerRating. They recently announced a 6.1% global sales increase, strong growth in franchised and corporate owned stores and a 44% increase in adjusted EPS. Technically, the stock was knocked down to the $46.00/share area due to the global economic rout and has since appears to have stabilized around the $52.00/share level. Price is still below the 50 and 200-day simple moving averages.
Campbell Soup (NYSE:CPB - News) - This popular food company has recently announced full fiscal year results. Sales are up 8% with earnings per share up 7% on the year. It has earned a 7 rating. Technically, the stock spiked down to around $30.00/share during the massive sell off earlier in the month but has bounced back to $36.00/share range.
Alcoa (NYSE:AA - News) - Believe it or not, this 3 Long Term PowerRated stock is the highest rated stock on the request screener today. Price has been down trending since May and has hit a low in the $10.00/share area. Primarily, the worldwide economic crisis is the cause of the down move. In fact, the surging dollar caused $54 million dollars in losses just in currency conversion. Falling aluminum prices and softening demand have simply knocked the company down. However, a base may be forming around the $10.00/share area and global demand may be close to a bottom. Savvy investors should keep a close eye on this one!
Stocks In The News
Here is a sampling of stocks that caught my eye from the wires this week:
Dillard's Inc (NYSEDS - News) - Soared after two shareholders in the department store chain moved to oust the reigning CEO William Dillard.
Savient Pharmaceuticals (NasdaqGM:SVNT - News) - Crashed an astounding 73.49% or $8.51 to $3.07/share when news of adverse cardio vascular health effects during drug tests hit the news.
Metavante Tech (NYSE:MV - News) - Soared 32.69% or $3.88 to $15.75/share as the maker of banking technology products said it was increasing its forecast.
IntercontinentalExchange (NYSE:ICE - News) - The futures exchange decided to purchase its partner, Clearing Corp, in securing trades in the multi-trillion dollar CDS market. This news thrilled investors who sent the shares rocketing up 33.13% or $20.24 to $82.03/share.
Omnicare (NYSE:OCR - News) - The larges provider of pharmaceuticals to nursing homes climbed 24.38% or $5.37 to $27.40/share after beating third quarter estimates.
This Weeks Top Performers
Owens & Minor Inc (NYSE:OMI - News)
Strayer Education (NasdaqGS:STRA - News)
IPC Holdings (NasdaqGS:IPCR - News)
This Weeks Worst Performers
Savient Pharma
Horizon Lines (NYSE:HRZ - News)
Kendle International (NasdaqGS:KNDL - News)
What To Watch For Next Week
Monday - ISM Index, Construction Spending
Tuesday - Auto Sales, Factory Orders
Wednesday - ADP Employment
Thursday - Initial Claims
Friday - Non Farm Payrolls, Consumer Credit, Initial claims
Another historic week in the stock market! The interest rate slashing, cash infusing, stock buying Federal Government sent stocks on a wild, roller coaster ride of heavy volatility and record moves.
ADVERTISEMENT
An epic battle is taking place, creating massive opportunity for the savvy investor, between those who attempt to reign in the free market and the marketplace him/herself. I am anticipating more of the same market tweaking attempts by those who control the economy, resulting in often unexpected short term reactions from the market.
Although no one knows for certain, I remain extraordinarily bullish and positive feeling about the market, believing all time highs will again be reached in the near future. Let's take a closer look at the action this week. Monday had the first inklings of something positive about to happen with better than expected housing figures pushing stocks up for the first half of the day. Around 2:00 P.M. EST on Monday, waves of profit taking hit, knocking the indexes back down the steep steps into negative territory. News of Deutsche Bank's massive losses in the derivative marketplace did little to lift floundering stocks by the close.
Tuesday saw the biggest point gain of all time in the major indexes despite sharply lower Consumer Confidence numbers. Bargain hunters and others anticipating good things in the future, stepped in with aggressive buying, ignored the negatives, and triggered the record rally.
Those forecasting a 50 basis point cut hit the nail on the head on Wednesday, when the Feds cut rates by the anticipated 50 basis points. This sent stocks on a steep rally, after selling off on the news, only to be knocked back into negative land by the close. Oil was the unexpected initial beneficiary of the cut, rallying in hopes of lower rates spurring economic activity, hence demand for the black gold.
Thursday saw the expected rate cut buying furthered fueled by a better than expected GDP figure pushing stocks nicely into positive territory. Stocks continued their volatile ways into Friday morning, flirting back and forth across the break even point so far today. Negative news on the Consumer Spending front is acting as a drag so far today.
EDIT MKHJKHHKJKJKJKJJKJKJKJJEKJWKE(*$(%($)&U@)(*@)#*($@_
Northrop Grumman (NYSE:NOC - News) - This defense contractor has just been upgraded from a 4 to a 5 Long Term PowerRating. Surprisingly this company has been down trending since September, 2008. However, it appears to have found support around the $40.00/share level. The third quarter results were solid with EPS up 6%, guidance increased by 0.10 cents per share, and sales are up 6%. In addition, $70 billion in new orders are backlogged. This is a huge number! NOC looks like a good stock to consider for your long term portfolio right now.
Carter's Inc (NYSE:CRI - News) - The popular baby clothes maker beat third quarter estimates and appears to be bouncing on the chart. It was just upgraded from a 3 to a 4 Long Term PowerRating and look like a good choice here for your watch list.
McDonald's (NYSE:MCD - News) - The popular burger and American made international fast food giant has earned a 6 Long Term PowerRating. They recently announced a 6.1% global sales increase, strong growth in franchised and corporate owned stores and a 44% increase in adjusted EPS. Technically, the stock was knocked down to the $46.00/share area due to the global economic rout and has since appears to have stabilized around the $52.00/share level. Price is still below the 50 and 200-day simple moving averages.
Campbell Soup (NYSE:CPB - News) - This popular food company has recently announced full fiscal year results. Sales are up 8% with earnings per share up 7% on the year. It has earned a 7 rating. Technically, the stock spiked down to around $30.00/share during the massive sell off earlier in the month but has bounced back to $36.00/share range.
Alcoa (NYSE:AA - News) - Believe it or not, this 3 Long Term PowerRated stock is the highest rated stock on the request screener today. Price has been down trending since May and has hit a low in the $10.00/share area. Primarily, the worldwide economic crisis is the cause of the down move. In fact, the surging dollar caused $54 million dollars in losses just in currency conversion. Falling aluminum prices and softening demand have simply knocked the company down. However, a base may be forming around the $10.00/share area and global demand may be close to a bottom. Savvy investors should keep a close eye on this one!
Stocks In The News
Here is a sampling of stocks that caught my eye from the wires this week:
Dillard's Inc (NYSE
DS - News) - Soared after two shareholders in the department store chain moved to oust the reigning CEO William Dillard.Savient Pharmaceuticals (NasdaqGM:SVNT - News) - Crashed an astounding 73.49% or $8.51 to $3.07/share when news of adverse cardio vascular health effects during drug tests hit the news.
Metavante Tech (NYSE:MV - News) - Soared 32.69% or $3.88 to $15.75/share as the maker of banking technology products said it was increasing its forecast.
IntercontinentalExchange (NYSE:ICE - News) - The futures exchange decided to purchase its partner, Clearing Corp, in securing trades in the multi-trillion dollar CDS market. This news thrilled investors who sent the shares rocketing up 33.13% or $20.24 to $82.03/share.
Omnicare (NYSE:OCR - News) - The larges provider of pharmaceuticals to nursing homes climbed 24.38% or $5.37 to $27.40/share after beating third quarter estimates.
This Weeks Top Performers
Owens & Minor Inc (NYSE:OMI - News)
Strayer Education (NasdaqGS:STRA - News)
IPC Holdings (NasdaqGS:IPCR - News)
This Weeks Worst Performers
Savient Pharma
Horizon Lines (NYSE:HRZ - News)
Kendle International (NasdaqGS:KNDL - News)
What To Watch For Next Week
Monday - ISM Index, Construction Spending
Tuesday - Auto Sales, Factory Orders
Wednesday - ADP Employment
Thursday - Initial Claims
Friday - Non Farm Payrolls, Consumer Credit, Initial claims
Quote from marketsurfer:
BE THERE AND BE SQUARE~
awaiting the big man.......
Bernanke Speaks At Mortgage Meltdown Symposium: Is The Dollar's Dominance Over?
| TheFXmarkets.com
EDIT 92374509urfkdjfdsklf=trewf[j
The Event:
Federal Reserve Chairman, Ben Bernanke, speaks at Berkeley-UCLA's Symposium on the Mortgage Meltdown, The Economy and Public Policy. His talk is scheduled for 2:00 P.M. EST on Friday, October 31, 2008. He will be joined with noted Yale economist and author, Robert Schiller; San Francisco Fed President, Janet Yellen; and California Senator, Darrell Steinberg.
Description
Bernanke's speech at the symposium will be focused on the future of mortgage finance in the United States. It's important to listen to this speech as he may drop clues as to the future direction of monetary policy. The mortgage situation is a huge leading factor in the economy and Bernanke may lay out a clear plan for his future moves during this speech. If so, a careful listening may provide savvy Forex traders a glimpse into the future course of monetary policy.
Trader Take
The 50 basis point interest rate cut on Wednesday pushed interest rates to a shockingly low 1%. The EUR/USD vacillated a bit on the announcement, then took off like it was bat out of hell on the upside, clearly breaking the pair out of its downtrend. The fed futures are already pricing in a chance of further rate cuts which should result in additional diminishing of the recent USD dominance. In fact, a good chance exists of another 25 basis point cut in December, knocking interest down to 75 basis points. This rate hasn't been seen in the U.S. since 1958. The tone and words used by Bernanke at the Berkeley symposium should provide a decent indication on how close we are to a potential surprise regarding interest rates.
Best Wishes!!!
There has not been much change in the luxury marketplace based on my observation and research. In fact, many of the highest of the high end brands are thriving right now. I see this as additional support to my premise of all time HIGHS in the stock market sooner than many believe!!
<i>Trading statement for the five months ended 31 August 2008The Annual General Meeting of Compagnie Financière Richemont SA will be held later today in the Four Seasons Hotel des Bergues, Geneva, Switzerland.
At that meeting, shareholders are expected to approve the proposals of the Board of Directors in terms of the approval of the financial statements and the appropriation of retained earnings. An ordinary dividend of ⬠0.06 per Richemont unit has been proposed. A further press release will be issued immediately after the meeting to confirm the decision. The aggregate dividend for the year, including that to be paid by Richemont SA, Luxembourg, will amount to ⬠0.78 per unit, an increase of 20 per cent over the ordinary dividend paid in 2007.
At the meeting, Executive Chairman, Mr. Johann Rupert, will make the following statement in respect of Richemontâs current trading performance:
âWe reported our trading results for the first three months of the business year in July. For the quarter ended 30 June, overall sales increased by 13 per cent at actual exchange rates and by 20 per cent at constant exchange rates.
For the five month period to end-August, sales have continued to show good growth overall, albeit at a lower rate. Cumulative sales for the five months across all of our business areas grew by 11 per cent at actual rates or 18 per cent at constant exchange rates.
The strongest growth during the period came from our Jewellery Maisons â Cartier and Van Cleef & Arpels - where combined sales at actual exchange rates increased by 13 per cent over the five-month period. Sales of High Jewellery pieces during the period were particularly strong.
Our specialist watchmakers reported overall growth of 12 per cent during this period. There is a very limited impact from the acquisition of the Roger Dubuis business included in the figure.
Montblancâs sales grew by 2 per cent, with high single digit growth through the Maisonâs own boutique network offset by lower wholesale sales.
However, the leather and accessories businesses were 5 per cent lower at actual exchange rates, reflecting the more difficult trading environment in this area of the market.
Our other businesses, which include Chloé as well as certain component manufacturing businesses, reported growth of 24 per cent. This was largely due to the impact of acquisitions during the past year, such as the watch case manufacture Donzé-Baume.
From a geographic perspective we have seen good growth in many of our markets. At actual exchange rates, sales in Europe increased by 17 per cent and in the Asia-Pacific region by 19 per cent. Those increases were partly offset by an 8 per cent decrease in Japan. European sales were particularly strong in France, the U.K. and Switzerland, which benefited from strong tourist traffic from emerging market economies.
Sales in the Americas were at the same level as last year, largely due to exchange rate effects. Underlying sales in local currency terms grew by 14 per cent during the five month period. The American market is beginning to show some signs of a slowdown, which is to be expected given the difficulties that the economy is facing.
The impact of the global financial crisis, the high rates of inflation and high commodity prices on our business is difficult to predict. Products and brands positioned at the entry and mid-market price points in the luxury goods industry are experiencing difficult market conditions today. However, to date, the top end of the luxury market â where Richemontâs Maisons are predominantly positioned â has not been affected. That is not to say that Richemont is immune from a slowdown but we do believe that we are better placed than many to weather difficult times ahead.
The talents embodied in our Maisons, coupled with Richemontâs strong balance sheet with no net debt, even once the recently announced restructuring is completed, give me the confidence to say that, whatever may lie ahead in the short term, Richemont will continue to prosper and grow over the long term.â
For its financial year ended 31 March 2008, Richemont reported an increase in sales of 10 per cent to ⬠5 302 million. Operating profit amounted to ⬠1 108 million, an increase of 21 per cent over the prior year.
Richemontâs interim results for the six-month period to 30 September 2008 will be released in November.
On 8 August 2008, the Group announced details of the proposed separation of its luxury goods and tobacco interests, including a proposal to distribute 90 per cent of its interest in British American Tobacco plc to unitholders. Further meetings of participation certificate holders of Richemont SA and shareholders of Compagnie Financière Richemont SA to consider the restructuring proposals will be held on 8 and 9 October 2008, respectively. If approved by unitholders, the transaction is expected to be effected on 20 October 2008 with the British American Tobacco shares being distributed to
unitholders on or around 3 November 2008.
--------------------------------------------------------------------------------
Richemont owns a portfolio of leading international brands or âMaisonsâ, which are managed independently of one another, recognising their individuality and uniqueness. The businesses operate in five areas: Jewellery Maisons, being Cartier and Van Cleef & Arpels; Specialist watchmakers, which is made up of Jaeger-LeCoultre, Piaget, IWC, Baume & Mercier, Vacheron Constantin, Officine Panerai, A. Lange & Söhne and Roger Dubuis; Writing instrument Maisons - Montblanc and Montegrappa; Leather and accessories Maisons, being Alfred Dunhill and Lancel; and Other businesses, which includes, specifically, Chloé as well as other smaller Maisons and watch component manufacturing activities for third parties. In addition to its luxury goods business, Richemont currently holds a 19.5 per cent interest in British American Tobacco.
</i>
<i>Trading statement for the five months ended 31 August 2008The Annual General Meeting of Compagnie Financière Richemont SA will be held later today in the Four Seasons Hotel des Bergues, Geneva, Switzerland.
At that meeting, shareholders are expected to approve the proposals of the Board of Directors in terms of the approval of the financial statements and the appropriation of retained earnings. An ordinary dividend of ⬠0.06 per Richemont unit has been proposed. A further press release will be issued immediately after the meeting to confirm the decision. The aggregate dividend for the year, including that to be paid by Richemont SA, Luxembourg, will amount to ⬠0.78 per unit, an increase of 20 per cent over the ordinary dividend paid in 2007.
At the meeting, Executive Chairman, Mr. Johann Rupert, will make the following statement in respect of Richemontâs current trading performance:
âWe reported our trading results for the first three months of the business year in July. For the quarter ended 30 June, overall sales increased by 13 per cent at actual exchange rates and by 20 per cent at constant exchange rates.
For the five month period to end-August, sales have continued to show good growth overall, albeit at a lower rate. Cumulative sales for the five months across all of our business areas grew by 11 per cent at actual rates or 18 per cent at constant exchange rates.
The strongest growth during the period came from our Jewellery Maisons â Cartier and Van Cleef & Arpels - where combined sales at actual exchange rates increased by 13 per cent over the five-month period. Sales of High Jewellery pieces during the period were particularly strong.
Our specialist watchmakers reported overall growth of 12 per cent during this period. There is a very limited impact from the acquisition of the Roger Dubuis business included in the figure.
Montblancâs sales grew by 2 per cent, with high single digit growth through the Maisonâs own boutique network offset by lower wholesale sales.
However, the leather and accessories businesses were 5 per cent lower at actual exchange rates, reflecting the more difficult trading environment in this area of the market.
Our other businesses, which include Chloé as well as certain component manufacturing businesses, reported growth of 24 per cent. This was largely due to the impact of acquisitions during the past year, such as the watch case manufacture Donzé-Baume.
From a geographic perspective we have seen good growth in many of our markets. At actual exchange rates, sales in Europe increased by 17 per cent and in the Asia-Pacific region by 19 per cent. Those increases were partly offset by an 8 per cent decrease in Japan. European sales were particularly strong in France, the U.K. and Switzerland, which benefited from strong tourist traffic from emerging market economies.
Sales in the Americas were at the same level as last year, largely due to exchange rate effects. Underlying sales in local currency terms grew by 14 per cent during the five month period. The American market is beginning to show some signs of a slowdown, which is to be expected given the difficulties that the economy is facing.
The impact of the global financial crisis, the high rates of inflation and high commodity prices on our business is difficult to predict. Products and brands positioned at the entry and mid-market price points in the luxury goods industry are experiencing difficult market conditions today. However, to date, the top end of the luxury market â where Richemontâs Maisons are predominantly positioned â has not been affected. That is not to say that Richemont is immune from a slowdown but we do believe that we are better placed than many to weather difficult times ahead.
The talents embodied in our Maisons, coupled with Richemontâs strong balance sheet with no net debt, even once the recently announced restructuring is completed, give me the confidence to say that, whatever may lie ahead in the short term, Richemont will continue to prosper and grow over the long term.â
For its financial year ended 31 March 2008, Richemont reported an increase in sales of 10 per cent to ⬠5 302 million. Operating profit amounted to ⬠1 108 million, an increase of 21 per cent over the prior year.
Richemontâs interim results for the six-month period to 30 September 2008 will be released in November.
On 8 August 2008, the Group announced details of the proposed separation of its luxury goods and tobacco interests, including a proposal to distribute 90 per cent of its interest in British American Tobacco plc to unitholders. Further meetings of participation certificate holders of Richemont SA and shareholders of Compagnie Financière Richemont SA to consider the restructuring proposals will be held on 8 and 9 October 2008, respectively. If approved by unitholders, the transaction is expected to be effected on 20 October 2008 with the British American Tobacco shares being distributed to
unitholders on or around 3 November 2008.
--------------------------------------------------------------------------------
Richemont owns a portfolio of leading international brands or âMaisonsâ, which are managed independently of one another, recognising their individuality and uniqueness. The businesses operate in five areas: Jewellery Maisons, being Cartier and Van Cleef & Arpels; Specialist watchmakers, which is made up of Jaeger-LeCoultre, Piaget, IWC, Baume & Mercier, Vacheron Constantin, Officine Panerai, A. Lange & Söhne and Roger Dubuis; Writing instrument Maisons - Montblanc and Montegrappa; Leather and accessories Maisons, being Alfred Dunhill and Lancel; and Other businesses, which includes, specifically, Chloé as well as other smaller Maisons and watch component manufacturing activities for third parties. In addition to its luxury goods business, Richemont currently holds a 19.5 per cent interest in British American Tobacco.
</i>
here's an interesting stock from my column:
A STRONG BUY SUGGESTION FROM SURF SHACk
Psychiatric Solutions (NasdaqGS
SYS - News) - An interesting company that specializes in outpatient behavioral services. It seems to be a good economy for the counseling business! It makes sense that economic stress would booster this type of operation. Income increased over 37% for the third quarter and revenue was up 13%. Technically, the stock has been climbing sharply since October,27th . Price is right below both the 50 and 200 day Simple Moving Average that are in the $34-35.00/share area. The company EDIT EDIT EDIT uiuiuiuiu it deserves careful consideration for your portfolio.
A STRONG BUY SUGGESTION FROM SURF SHACk
Psychiatric Solutions (NasdaqGS
SYS - News) - An interesting company that specializes in outpatient behavioral services. It seems to be a good economy for the counseling business! It makes sense that economic stress would booster this type of operation. Income increased over 37% for the third quarter and revenue was up 13%. Technically, the stock has been climbing sharply since October,27th . Price is right below both the 50 and 200 day Simple Moving Average that are in the $34-35.00/share area. The company EDIT EDIT EDIT uiuiuiuiu it deserves careful consideration for your portfolio.Stocks closed mixed despite negative economic news on the eve of the U.S. Presidential elections. Auto sales were crushed with GM and Ford announcing the worst quarter since 1945. Manufacturing figures indicate a similar contraction as the ISMâs Factory Index fell to a low not seen since 1982. Adding to an already gloomy Monday, executive director Michael Guttenberg of UBS, was sentenced to a 78 month prison sentence for leaking information used in an insider trading scheme netting millions. Stocks defied the waves of bad news with the indexes closing mostly flat on the day in a tight trading session. The DJIA slipped -5.18 to 9319.83, the Nasdaq added +5.38 to 1726.33 and the broad based S&P 500 dipped -2.45 to 966.30
Burger King (BKC | Quote | Chart | News | PowerRating) - The burger giant climbed 9.36% or $1.82 to $21.71/share after Wachovia increased its outlook to outperform from market perform.
DryShips (DRYS | Quote | Chart | News | PowerRating) - The Greek shipping company added 14.86% or $2.85 to $22.10/share upon announcing an astounding 71% profit increase due to higher shipping rates and an increased fleet.
Hartford Financial Services (HIG | Quote | Chart | News | PowerRating) - Led the S&P 500 in gains advancing a short crushing 61.05% or $6.31 to $16.66/share after advising that they have enough cash on hand to withstand further market declines.
Polo Ralph Lauren (RL | Quote | Chart | News | PowerRating) - The popular American clothier climbed 0.89% or 0.45 cents to $47.62/share on a Goldman downgrade.
Gold added $8.60 to $726.80 and oil gave back another $3.90 to $64.36
Burger King (BKC | Quote | Chart | News | PowerRating) - The burger giant climbed 9.36% or $1.82 to $21.71/share after Wachovia increased its outlook to outperform from market perform.
DryShips (DRYS | Quote | Chart | News | PowerRating) - The Greek shipping company added 14.86% or $2.85 to $22.10/share upon announcing an astounding 71% profit increase due to higher shipping rates and an increased fleet.
Hartford Financial Services (HIG | Quote | Chart | News | PowerRating) - Led the S&P 500 in gains advancing a short crushing 61.05% or $6.31 to $16.66/share after advising that they have enough cash on hand to withstand further market declines.
Polo Ralph Lauren (RL | Quote | Chart | News | PowerRating) - The popular American clothier climbed 0.89% or 0.45 cents to $47.62/share on a Goldman downgrade.
Gold added $8.60 to $726.80 and oil gave back another $3.90 to $64.36
- Status