Via MarketWatch:
Late Wednesday, Dubai World, the city-state’s largest corporate entity, asked creditors for a six-month stay on repayment of $60 billion in debts. Asia and Europe markets sold off Thursday on the news, while the U.S. markets were closed for a holiday.
The selling resumed on Friday in Asia, with the Hang Seng Index down 4.8% [...]
One of the most interesting debates in economic and investing circles today concerns the mental state of investors. Are they overly optimistic about the state of the economy, buying stocks with no regard for the risks? Or are they still so shell shocked that they’re willing to pay Uncle Sam to hold their money in T Bills? Stocks [...]
Based on reliable Moving Averages and Point & Figure indicators, Alhambra Investments analyzes the short-term prospects for over 400 ETFs and stocks, including the 30 large cap stocks that make up the Dow Jones Industrial Average. For information on our ratings methodology, click here.
Dow Jones Industrial Average
S&P
Moving Averages
Point &
Rating
28-Sep
19-Oct
11-Nov
Figure
MMM
3M Company
****
5
5
5
Buy
AA
Alcoa
**
5
3
5
Sell
AXP
American Express
***
5
5
5
Buy
T
AT&T
*****
4
3
4
Sell
BAC
Bank of America
***
4
4
1
Sell
BA
Boeing
***
5
4
4
Sell
CAT
Caterpillar
***
5
5
5
Buy
CVX
Chevron
*****
4
4
5
Buy
CSCO
Cisco Systems
***
5
5
5
Buy
KO
Coco-Cola
*****
5
5
5
Buy
DD
DuPont
*
5
5
5
Buy
XOM
Exxon-Mobil
*****
-4
1
3
Buy
GE
General Electric
***
4
4
5
Buy
HPQ
Hewlett-Packard
*****
5
5
5
Buy
HD
Home Depot
***
5
5
4
Buy
INTC
Intel
****
4
5
4
Buy
IBM
IBM
*****
5
5
5
Buy
JNJ
Johnson & [...]