U.S. Payrolls Add 216,000 Jobs In March
Unemployment dips to 8.8%.
Steve Schaefer, Forbes StaffUnemployment dips to 8.8%.
Steve Schaefer, Forbes StaffFord Motors announced sales for March, beating fellow Detroiter GM with 212,777 vehicle deliveries, up 19% from the same period a year ago. The company saw increased demand for smaller, fuel efficient vehicles and managed to beat GM in sales for the second time since 1998, according to CNBC. read »
Update: ISM Survey shows U.S. manufacturing continued to expand in March. read »
One week before news broke that David Sokol was leaving Berkshire Hathaway under the taint of some fishy smelling Lubrizol trades ahead of Berkshire's acquisition, long-time Forbes columnist and money-manager extraordinaire Martin Sosnoff sent me a column called, "Deals Are Buffett's Fountain of Youth." Talk about prescience. read »
Wall Street veteran and Joseph Gunnar’s chief market analyst and equity strategist Clark Yingst gave Forbes a few investment ideas for these turbulent times targeting Japan, the end of QE2, the financial sector, and some tech stocks. Yingst, who champions a mix of technical analysis with strong fundamentals, reminds investors to keep their eyes open for opportunities and to not marry any single model. read »
Clayton Williams Energy, Inc. (CWEI - Snapshot Report) continues to trade like a rock star, currently pressuring its multi-year high as crude and natural gas stay bullish. With estimates surging and a compelling valuation, this energy stock is a momentum powerhouse. read »
The global growth story is not slowing if the chemical companies are any indication. Kraton Performance Polymers (KRA -Snapshot Report) saw sales volume rise 10% in the fourth quarter of 2010 and expects the growth story to continue in 2011. This Zacks #1 Rank (strong buy) is still cheap, trading at just 11 times forward estimates. read »
Tech Data (TECD - Analyst Report) has pleased investors with yet another earnings surprise since being featured as a Zacks Rank Buy in late 2010. read »
The NASDAQ, S&P 500, and the Dow Jones Industrial Average were all higher for the week. Crude oil futures were higher as well, with crude trading around $107.95 per barrel late Friday. Gold futures were little changed for the week, settling around $1428 an ounce late Friday. read »
As the economy continues to improve, there has been some concern that value-oriented retailers like The TJX Companies, Inc. (TJX - Analyst Report) will lose business as consumers "trade up" to their full priced competitors. read »
With the stock rally now going on 2 years (and counting), investors are finally returning to riskier assets. Calamos Asset Management (CLMS - Snapshot Report) saw assets under management climb 8% in 2010 compared to 2009. This Zacks #1 Rank (strong buy) also has attractive valuations, with a price-to-book ratio of 1.0. read »