Broker Talk: Happy Anniversary? Not Quite

Last Tuesday marked the one-year anniversary of the markets lowest point since the late 1990s, but it also marked a full year of market growth. On March 9, 2009, the U.S. stock market began a rally that led the S&P 500 up 68%. At the same time, the Dow Jones Industrial Average leapt 59%, while the Nasdaq Composite soared 79%. Even Greece, a country thats now beset by debt troubles, saw its stock market rise over the last year. (Since last March, Greeces stock market gained about 56% in U.S. dollar terms, or 46% in euros, as measured by the Athens Stock Exchanged General Index.) Still, despite these gains and the fact that various economic indicators have shown improvements in recent months, investors have already begun to pull back. Some brokers say the trend will continue for at least another full year. The Gist: Even as the U.S. economy seems to be stabilizing, the next year is not likely to be as prosperous as the past 12 months have been. [Read the full article]

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Unique competitive strengths include a porous, silicon-wafer design and the ability to operate in anaerobic environments. We rate it as a highly speculative, potential growth story.

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Unique competitive strengths include a porous, silicon-wafer design and the ability to operate in anaerobic environments. We rate it as a highly speculative, potential growth story. [Read the full article]

CA Inc., the second-largest maker of software for mainframe computers, agreed on Mar. 10 to buy closely held Nimsoft Inc. for about $350 million to expand in cloud computing. The all-cash deal will probably cut net income by 10 cents a share in the year ending March 2011, Chief Financial Officer Nancy Cooper said on a conference call. Nimsoft’s products help customers monitor so-called cloud systems, which access computers, applications and data through the Internet.

In a Mar. 11 note, Turits said the purchase continues a string of “aggressive” acquisitions this fiscal year aimed at extending CA’s ability to monitor virtualized and service provider data center environments. [Read the full article]

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. [Read the full article]

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