Foreign direct investment in emerging economies overtaking developed economies.
Companies that has been growing throughout the recession
Company | Market Cap | Product Categories | 2007 Sales Growth | 2008 Sales Growth | TTM Sales Growth |
---|---|---|---|---|---|
Green Mountain Coffee Roasters (Nasdaq: GMCR) | $3.2 billion | Specialty coffee and brewing systems | 51.6% | 46.4% | 56.1% |
Hansen Natural (Nasdaq:HANS) | $3.4 billion | Nonalcoholic specialty beverages | 49.3% | 14.3% | 9.7% |
TreeHouse Foods | $1.1 billion | Packaged foods and sauces | 23.3% | 29.6% | 9.5% |
Jarden (NYSE: JAH) | $2.4 billion | Home, recreation, and outdoor | 21.2% | 15.5% | (2.8%) |
Hasbro | $3.9 billion | Toys and games | 21.8% | 4.8% | (4.0%) |
Tupperware Brands (NYSE:TUP) | $2.9 billion | Food storage, beauty, and personal care | 13.6% | 9.1% | (8.7%) |
Data from Yahoo! Finance and Capital IQ as of Oct. 26. TTM = trailing 12 months.
Exxon-Mobile’s breakout (XOM)
Beautiful triangle breakout on Exxon-Mobile. Bought this on the pinkish colored red line @ $66.55 on October 2nd, 2009 and am so glad to have made the purchase especially after seeing it break out finally on the upside. A wedge formation like this statistically results in a huge move depending on where the triangle breaks and today’s break is on the upside. Hoping to see a continuation tomorrow with a much higher volume especially when everyone’s back from Columbus day holiday.
Rally in $AAPL is insane
Just want to say that the rally in Apple shares is insane. Barely even crossed the oversold levels on the Stochastics RSI of 20 every time it rushes to new highs since July 9th, 2009.
Unemployment rate now at 9.8%
- US unemployment rate rose to 9.8% in September as employers cut more jobs than expected.
- US economy lost a net total of 263,000 jobs for September, up from 201,000 in August which is way above market expectations of 180,000 job losses.
- It is said that if laid-off workers who have settled for part-time work or who have given up looking for new jobs are included, the unemployment rate would actually be 17%. Which is the biggest record since the peak of the 1994 recession.
- More than 500,000 unemployed gave up looking for work, if they had continued looking for work, the jobless rate would have been higher.
- 15.1 million Americans are now out of work, more than 7.1 million jobs have been eliminated since the recession began in December of 2007.
- It is highly likely now that unemployment will now break about the 10% line.
- Since now, the economy has received a fair amount of boost from the cash for clunkers auto rebate program and other government stimulus efforts, but many economists believe that growth will slow the current quarter and early next year as the impact of those trades fade.
- Persistently high unemployment rate could weaken the recovery as consumers concerned about their jobs and income, refrain from spending. Which accounts for 70% of the US GDP.
- Average hourly work week fell back to record low of 33 in September. Economists were looking for employers to add more hours to current workers before they hire new ones which doesn’t necessarily mean so based on the data.
"I don't think it argues against a modest recovery in the U.S. economy ... but this is why we are not in a rapid V-shaped recovery," Stuart Hoffman, chief economist at PNC Financial Services in Pittsburgh.
Source: Businessweek, Wells Fargo Economics Group, Barron's & Reuters
US Automobile sales for September
- Porsche +8.4%
- Daimler -13.4%
- Chrysler –42% (OUCH!!)
- Hyundai +27%
- GM –45%(OUCH!! too…)
- Nissan –7%
- Toyota –12.7%
- Honda –20.1%
- BMW +3.6%
- Kia +24%
- Volkswagen +1.5%
- Ford –5.1%
Source: Marketwatch