Barron's Roundtable Mid-Year 2008 Stock Picks by 11 Top Wall Street Experts
Money Magazine's July Issue: Global Investing and Global Funds
Words from the investment wise (June 6 – 15, 2008)
Central bankers’ inflation-fighting rhetoric moved to centre stage over the past week. A succession of hawkish comments from US policymakers persuaded pundits that the US rate-cutting cycle was over, resulting in a stronger US dollar, plummeting government bonds, predominantly lower global stock markets (with Asia seeing the most red), and non-agricultural commodities coming off the boil.
Abbott Laboratories is a dividend aristocrat as well as a component of the S&P 500 index. It has been increasing its dividends for the past 36 consecutive years. Over the past 10 years the company has delivered an average total return of 8.50% annually to its loyal shareholders
It is a dividend aristocrat as well as a major component of the S&P 500 index. It has been increasing its dividends for the past 40 consecutive years. From 1998 up until 2007 this dividend growth stock has delivered an annual average total return of 12.30 % to its shareholders.
In a volatile stock market, there are merits in taking on a short-term investment approach because all stocks, regardless of their underlying fundamentals, can plummet. Varying your trades and preserving your capital allows you to have a piece of mind and belief in your own abilities.
Business Week's Gene Marcial- Stock Picks for 6/23/08 Issue
Jessup & Lamont Analyst Initiates Coverage on Pride International (PDE) and sets $57 price target
Global Commodoties Boom Creates Opps In Agriculture Services
As the big dominos of $125 oil, $4 copper, $6 corn, and $1,000 gold fall onto the market, raw-material producers enjoy record cash flows. The next domino is all the cash finding its way to companies that supply equipment, services, and infrastructure to those producers.
China’s Export Machine Heats Up, Even as U.S. Market Cools
The increases demonstrate that global demand for Chinese goods remains strong, even though many Western markets are battling the fallout of a worldwide financial crisis. Indeed, the export statistics are serving as evidence of an economic theory known as “decoupling,” in which emerging economies in Asia and Europe have developed enough market place muscle to no longer be dependent on the U.S.
I am not in the "end of the world" school, but also have little reason to see a more optimistic scenario for stock markets than "muddle-through" action, typified by sub-optimal returns. Although banks are looking oversold on short-term considerations, they would need a longer convalescence period in order to rebuild their balance sheets.