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Archive for July, 2009

July 30th, 2009

Market Set to Rally

(Lee Siler) - Markets will try to rally this morning on positive earnings and unemployment data. The Labor Department reported that the number of Americans collecting unemployment benefits unexpectedly dropped last week to 6.2 million. Economists had been expecting 6.3 million.

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July 30th, 2009

Q2

(Trenton Adams) - We ended the First Quarter 2009 on a note of cautious optimism, sparked by a strong March rally that lifted the S&P 500 Index to an 8.76% return for the month. That optimism seemed justified as the rally pushed forward during the Second Quarter 2009, with the S&P 500 Index returning 15.9% for the period and posting a 36 % gain since establishing a twelve year low on March 9.

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July 29th, 2009

China Sinks 5%

(Lee Siler) - A 5% slide in the Chinese stock market will likely spill over to the U.S. markets today. The major averages are already in a severely over-bought condition, but the pullback overseas will surely add fuel to the fire.

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July 28th, 2009

Designing Your Own Pension

(Richard Cox) - According to research conducted by the Center for Retirement Research at Boston College in 2007, retirees tend to be happier with a traditional defined-benefit pension that pays a guaranteed monthly check for life than with a comparable lump sum amount as found in a typical 401K, or other type of retirement accumulation plan, that would produce the same amount of monthly income.

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July 23rd, 2009

What To Do With Sudden Money

(Heidi Burgoyne) - How many people sit around dreaming of the day that they win the jackpot lottery or a long lost uncle suddenly dies leaving their entire fortune? Sudden money can come in the form of inheritance, legal settlements, stock options, sale of a business, life insurance, professional contracts and more.

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July 20th, 2009

Stocks Rally For the Week

(Lee Siler) - Stocks had their best week in months, as some of the old school companies blew out earnings estimates. Companies like Goldman Sachs, Intel and IBM all beat a pessimistic outlook, as it seems analysts may have taken their estimates way too low. Even the banks stocks are coming in better than expected. Bank of America and Citigroup beat views despite a credit loss. Thus far, the majority of companies reporting second quarter earnings are beating views. However, it is still very early in the season. This week will be extremely busy on the earnings front, especially in the tech sector.

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July 16th, 2009

Fed Comments Help Stocks

(Lee Siler) - The market had one of the best days of the year on brisk trading. Earnings news is adding fuel to this market and this morning JP Morgan Chase is the accelerant. The company announced that strength in their core consumer business and investment banking offset a jump in credit losses. Earnings were 28 cents a share versus estimates of only 4 cents. However, revenues fell slightly short of expectations. JPM is traded up almost 4.5% yesterday.

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July 15th, 2009

Intel Beats, Market Rallys

(Lee Siler) - Intel, the world's largest computer chip company surprised everybody on Wall Street by significantly beating analyst's estimates on both earnings and revenues.

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