| Market Summary |
Markets closed higher on Monday, and the Nasdaq managed to achieve its highest close since February 2001. The president of the Dallas Fed, Richard Fisher, said that the economy is growing "forcefully," which helped ease some concerns investors had about the pace of the economy. However, investors' focus remains on the large amount of news that will be coming out this week. Investors will get a read on retail sales tomorrow as companies like Home Depot (HD: Charts, News, Offers) and Wal-Mart (WMT: Charts, News, Offers) announce their quarterly earnings. Tomorrow reports about October's producer price index will come out, and the consumer price index will be reported later in the week. Reports on the manufacturing and housing sectors will also be coming out later this week. So while investors were still optimistic about recent rallies today, there is an awareness that thing could easily change as the news comes in later this week.
| More Markets Data
|
|
| Today's issue is sponsored by Saxo Bank:
Get a FREE Saxo Bank Membership and Gain Unlimited Access to
- Live Market Prices
- Chart and Analysis Tools
- Analysis and Financial News
Sign up NOW - Click here |
|
| Market News |
Microsoft Corp. (MSFT: Charts, News, Offers) expects wireless song sharing to be the feature on its Zune portable music player that allows it to challenge Apple Computer Inc.'s (AAPL: Charts, News, Offers) iPod, the company's chief executive said on Monday.
On Tuesday, the world's largest software maker will start selling the 30-gigabyte Zune, which allows users to beam photos and songs to one another, and it will launch an iTunes competitor called the Zune Marketplace in the United States. (Source: Reuters) Full Story
|
Tribune Co.'s stock rose modestly Monday amid reports that interest in buying the media conglomerate has stepped up, including a potential bid from Gannett Co., the nation's largest newspaper publisher. Gannett's reported interest brings a large media player into the Tribune's possible sell-off for the first time and could provide significant competition to such confirmed bidders as Los Angeles billionaires Ronald Burkle and Eli Broad. (Source: Yahoo! Finance) Full Story
|
Starbucks Corp. (SBUX: Charts, News, Offers) will open 2,400 stores in its 2007 fiscal year and will have 20,000 stores worldwide within seven years, a senior executive said Monday.
Colman Cuff, Starbucks' director of trading and operations, said the new stores would be spread among the United States and worldwide markets, with Asian growth driven by China. (Source: CNN Money) Full Story
|
|
| Featured Article from the InvestorGuide University |
Trading Stocks
It pays to be informed before you start trading stocks. Find out about bid and ask prices, Electronic Communications Networks (ECNs), as well as market orders, limit orders, stop order and fill or kill orders. Also, learn some tips for day trading and active trading.
Read the Full Article |
Browse the InvestorGuide University
|
|
| Market Analysis |
The new U.S. Congress will finally fix the despised Alternative Minimum Tax.
Not only will electoral politics force this change, if lawmakers don't act before 2008 it will cost more to repeal the AMT than the regular income tax, according to an analysis by the Tax Policy Center, a joint venture of the Brookings Institution and Urban Institute, both in Washington. (Source: Bloomberg) Full Story
|
Health care costs could rise more than 10 percent in 2007, unless companies change their plans, according to a report by PricewaterhouseCoopers.
"What the insurers are projecting is double-digit increases if you don't do anything," said Michael Thompson, a principal at PWC. "Many employers, most employers, are doing something." (Source: BusinessWeek) Full Story
|
Walt Disney's (DIS: Charts, News, Offers) fourth-quarter 2006 earnings report left room for debate on whether the company's four-year string of double-digit operating income growth is about to come to an end.
With DIS shares at a premium to other diversified media conglomerates -- a premium earned by the company's outstanding performance the last few years -- the FY07 growth rate is critical to the performance of DIS shares in the month-end. (Source: TheStreet) Full Story
|
| More news and commentary | |
|
|
| Our Sites |
|---|
WiserAdvisor
InvestorGuide
InvestorWords
WebFinance Consulting |
|
| Market Overview |
|---|
| DJIA |
12,131.88 |
+23.45 |
| S&P |
1,384.42 |
+3.52 |
| NASDAQ |
2,406.38 |
+16.66 |
| 10Yr |
4.6050% |
+0.0190 |
| More market statistics |
Market Overview brought to you by:
| |
|
| Stock Research |
|---|
|
| Your personal research page |
|
| On This Date |
|---|
| November 13, 1878: Telephones are introduced to the New York Stock Exchange. |
|
|
| Notable Quotable |
|---|
| Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time. -Johann Wolfgang Von Goethe |
|
|
|
|
|
| Previous Newsletters |
|---|
| November 10, 2006 |
| November 9, 2006 |
| November 8, 2006 |
| November 7, 2006 |
| November 6, 2006 |
|
Back to newsletter list
