The durable goods sector continues to confound the gloom and doomers. July's growth for the sector was 2%, with year over year growth at nearly 7%. While the sector's string of good numbers seems to surprise investors every time new data are reported, it shouldn't, the major players are all companies that are benefiting from five powerful forces:
They are prime beneficiaries of globalization.
They are net exporters, thus, they have benefited from the fall in the dollar over the last several years.
As a result of many years of consolidation, they are a much more focused industry with far few pl
TheStreet.com's Jim Cramer says when the dust settles, we'll notice the reduced equity here, and stocks will rise to reflect it.
Do corporate balance sheets matter? One of the things that you will see in the next few weeks is everyday industrial companies brimming with cash. Y...
2007 #43 United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company’s Otis segment designs, manufactures, sells, and installs elevators, escalators, and moving walkways. Its Carrier segment manufactures and distributes residential, commercial, and industrial HVAC and refrigeration systems and equipment; food service equipment; building automation and controls; and HVAC and refrigeration components, as well as provides retrofit and
"Dividend growth has become increasingly scarce on Wall Street," says says Chuck Carlson, an expert on dividend reinvestment plans. In his The DRIP Investor he looks at two stocks boosting their payouts.
"For the first time in five years, the number of companies in 2007 boosting their dividends declined nearly 6% from the previous year, according to Standard & Poor's. And the slowdown in dividend growth continued in the first quarter of 2008.
"The first quarter marked the seventh consecutive three-month period of year-over-yea
Readers of this space know that selected defense contractors are my preferred plays, growing U.S. economy or not. (But let's hope it's a growing U.S. economy). And the reason for the defense contractor bullishness is obvious enough. The geopolitical climate can change, of course, but it looks like defense, national security and anti-terrorism efforts will remain at the top of the U.S.'s concerns, for the foreseeable future.
Further, when one can combine a defense contractor with an industrial play, including commercial aviation, the poten...
TheStreet.com's Jim Cramer says that rebuilding from natural disasters can alter the growth picture for a country.
Is it Katrina all over again? Or is it bigger? Much bigger? That's what I am thinking about this Chinese earthquake.
Katrina distorted the U.S.'s growth pattern for more than a full year. The raw materials, the effort, the work, the reconstruction affected businesses from small-scale ret...
In the May 12th edition
of Fortune Magazine, there is an interesting article titled "Copter
Crisis" that delves into how the growth in offshore drilling for oil and
gas has led to increased utilization of helicopters to get to and
from the offshore platforms. This offshore drilling boom combined along
with increased usage of choppers for private travel has led to a
shortage of helicopters and their parts.
Based on the earnings forecast of offshore drillers like Transocean (RIG), Diamond Offshore Drilling (DO) and Noble (NE), the offshore oil drilling boom is likely to continue for years to c
TheStreet.com's Jim Cramer says there's some reason for caution, but no reason to get out of the market here.
There all right there. Don't you feel it? Hundreds of stocks at resistance. Hundreds have formed a nice base. The Transports and the Dow are moving in synch. The earnings period surprisingly great, with so many compani...
Today the Chicago Fed released notes on the economy (http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=c4a87798-5c60-4a27-88eb-964e763d7a1d) showing a decrease in U.S. economic activity to the lowest level in five years. This indicates the recession may have already begun. Watch for more recession news to end this stock market rally as analysts look for earnings decline. I'm taking some profits on some of my financials into this rally a bit while nibbling at long term bargains like United Technologies (UTX - $69.77 (http://finance.yahoo.com/q?s=utx)) and Apple (AAPL - $139.40 ...
The market has had a very nice run since bottoming in March. I still believe that stocks will be higher at year end, and that growth stocks will continue to lead.
But as I look at the charts of leading stocks, I can't help but come away with the concern that many stocks are simply too extended, and getting into overbought territory.
Whether or not this means we are due for a correction, investors should be careful about establishing new positions in stocks that are extended, as you could get whipsawed fairly quickly.
Here are some examples of some stocks I was looking a...
Confidence Everywhere
- CONFIDENCE EVERYWHERE
You can't turn on the television without seeing some talking head so happy about the confidence returning. They are saying that ...
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