13 October, 2014 by The TZ Newswire Staff Comments Off on Abigail Johnson Becomes CEO Of Fidelity
Abigail Johnson Becomes CEO Of Fidelity
In a major piece of stock market news, Abigail Johnson, 52 years old, was named Monday as chief executive officer of FMR, the parent company of Fidelity Investments, and also of Fidelity itself, according to a memorandum distributed to employees of the Boston-based financial services behemoth and to company spokesman Vin Loporchio. The firm was founded by her grandfather in 1946. Her father, Edward C.
13 October, 2014 by The TZ Newswire Staff Comments Off on Big Cap Stock Funds Take A Swing At Small Caps
Big Cap Stock Funds Take A Swing At Small Caps
When it comes to long-term performance, small-cap mutual funds are the big man on campus, and large-cap funds are the weaklings. A $10,000 investment in the average small-cap fund on Sept. 30, 1999, would have grown to $38,010 by Oct. 10 this year. The same investment in large-cap funds would have grown to just $17,793, according to Morningstar Inc. data.
13 October, 2014 by The TZ Newswire Staff Comments Off on It may not be time to hop into beaten-down stocks
It may not be time to hop into beaten-down stocks
The markets have taken a beating over the past three sessions. However, analysts say it’s still not time to scoop up many shares.
13 October, 2014 by The TZ Newswire Staff Comments Off on Gartman: I’m out … for now
Gartman: I’m out … for now
Dennis Gartman of the Gartman Letter provides perspective into the market’s disconcerting environment.
13 October, 2014 by The TZ Newswire Staff Comments Off on The Defining Problem Of Our Times (In 1 Simple Chart)
The Defining Problem Of Our Times (In 1 Simple Chart)
Submitted by Tim Price via Sovereign Man blog,
“When sorrows come,” wrote Shakespeare, “they come not single spies, but in battalions.”
True. And Jeremy Warner for the Daily Telegraph identifies ten such sorrows in his ‘ten biggest threats to the global economy’:
1) Geopolitical risk;
2) The threat of oil and gas price spikes;
3) A hard landing in China;
13 October, 2014 by The TZ Newswire Staff Comments Off on MacBook Air Retina: More Evidence Apple Inc. Won’t Unveil This New Device on Thursday
MacBook Air Retina: More Evidence Apple Inc. Won’t Unveil This New Device on Thursday
Don’t expect Apple to unveil its rumored 12-inch MacBook Air with Retina display at its Thursday event. The device is still likely in the pipeline, but it can wait until next year.
13 October, 2014 by The TZ Newswire Staff Comments Off on IBD 50: Medical, Internet Companies Top Q3 Estimates
IBD 50: Medical, Internet Companies Top Q3 Estimates
Health care and Internet companies are expected to have some of the strongest third-quarter profit gains in the IBD 50. The consensus analyst estimates for medical leaders Gilead Sciences (GILD) and Lannett (LCI) exceed 200% growth. The June-quarter results would keep both companies on already-fast profit growth paths. Gilead made headlines Friday, when the U.S. Food & Drug Administration approved the company’s once-a-day pill for hepatitis C.