Today's rally came after dismal employment data, but less-bad manufacturing data actually came to rescue. You can always try to hold out hopes that Thursday's G-20 meeting is going to yield great results. There is a full primer on this G-20 meeting that may curb your expectations for what comes from the G-20 meeting. The vote on mark-to-market from FASB will be held tomorrow, and this is still expected to be a game-changer. Here are today's unofficial closing bell levels:Dow 7,761.60 +152.68 (2.01%)
S&P 500 811.08 +13.21 (1.66%)
Nasdaq 1,551.60 +23.01 (1.51%)
Top Analyst Upgrades
Top Analyst Downgrades
General Electric Company (NYSE: GE) has been much more vocal on orders of late, and this morning it said that its GE Energy unit is continuing to grow in the Asia Pacific region. The FT also reported that its strategy in healthcare will pay off for it under current healthcare trends. Shares were up 0.6% at $10.17.
Fifth Third Bancorp (NASDAQ: FITB) rose again after it saw an active day yesterday on heavy call option buying. The culprit is still hopes of a deal coming its way, but you have that to decide on your own. Shares rose 4% to $3.03 right before the close.
3M Company (NYSE: MMM) announced that it will add 1,200 more jobs to the layoff pool to address continued weakness in company orders that are expected to be there for the foreseeable future. As Wall Street loves firing workers, shares were still up 1.9% at $50.64 right before the close.
Honda Motor Company (NYSE: HMC) will be cutting North American production even further, and will reduce wages of salaried employees in North America. It will also force some of its hourly workers to take unpaid leave as vehicle sales continue to lag. Again, Wall Street loves firings. Shares were up 9% at $25.93 right before the close.
Google Inc. (NASDAQ: GOOG) defied the news flow today. There are more reports of the company's share of search having peaked and reports of softening online ad sales out there. Shares were up 1.7% at $354.07 right before the close.
Entrepreneur's Journal: Putting together a solid sales contract
The week in preview: Earnings from Walmart, Macy's, and other retailers
Six top trades for the rest of 2009
Reader Comments (Page 1 of 1)
4-01-2009 @ 6:10PM
clikdawg said...
Puttin' on a show for the Euros todays, huh, so Bam-Bam can tell 'em all:
"See? Unregulated stimulus WORKS!"
(Ix-nay on the elling-say while The Pitchman-in-Chief is greasing the pigeons -- at least TRY to make it look like a well-run, on-the-up-and-up casino, OK? It's just for a coupla days, fer cryin' out loud ... )
S'pose Wall Street is anglin' for the kinda deal on gambling the Feds give Native Americans -- like, hands-off Reservation status?
Now THAT would be a chance to make some REAL money ...
4-02-2009 @ 2:24AM
reenadhiman9 said...
Yes we all are looking forward to what G-20 meeting will produce. In current recession time, such meeting holds its importance. So good wok is done by you. All the best.
http://trade-fairs.blogspot.com/