| September Durable Goods: Pretty Good Zacks.com submits: In September, new orders for Durable Goods (DG) rose by 1.0%, the up-leg of a recent seesaw pattern in this series. In August, DG orders fell by 2.6% following a 4.8% rise in July. The results were comfortably ahead of the 0.5% consensus expectations. However, over the last year, the seesaw pattern has mostly been a declining staircase. On a year-to-date basis, DG orders are down 24.1%.Complete Story » seekingalpha.com |
Monroe Muffler Is Running a Little Hot Ockham Research submits: “The auto repair company that I have been mentioning for a long time on this show, Monro Muffler, MNRO. The largest pure play, under-car service chain company in America, with 780 locations. This is a twice-blessed stock that’s benefited from the closing of all those Chrysler and GM dealerships, less competition, and the resurgence in the auto industry at the same time. Plus, Monro does not need a strong China and it isn’t on the radar screen of our president’s neer-do-well list like the banks.” — CNBC’s Mad Money 1/28/2010 Complete Story » seekingalpha.com |
Is Tata's Nano the New Yugo? Robert Salomon submits: Don’t know how many of you caught the recent news, but a new Nano (Tata’s ultra-cheap car) spontaneously burst into flames last week soon after its owner drove it off the lot (see Car Fire Raises Safety Concerns for details and a FIERY photo). When it was launched less than a year ago, the $2,500 Tata Nano was promoted as a safe, ultra-cheap car for poor Indians, an alternative to the motorbikes that zoom precariously around the country.Complete Story » seekingalpha.com |
CSX: Market Conditions Are Still 'Dynamic' Trader Mark submits:While the normal fuss and muss about Alcoa (AA) continues (in a shocker, it actually beat), as I said yesterday I care a lot more about transports to figure out what is going on. As an aside, Gartman on the Fast Money crew said AA cut 36,000 jobs in the recession ... that would even impress Jack Welch, especially considering Alcoa only has 59,000 employees as of last update on Yahoo Finance. But a great representation of the gulf between the prospects of the U.S large corporation and U.S. (private sector) worker, and why they are living in two worlds.But as stock market speculators we need not care about U.S. workers, all we care about is profits! Remember, in Wall Street nirvana all workers except C-level execs would be fired. The profit surge would be outstanding, and politicians could become even more powerful as almost the entire populace depended on their handouts. No worries readers; we're getting there slowly but surely. (Click to enlarge)Complete Story » seekingalpha.com |
PTRP: An ETF for Peak Oil Investing, Minus the Associated Risks and Moral Dilemmas Tom Konrad (AltEnergyStocks) submits: I've been researching and writing this series about investments that will benefit from peak oil for half a year. If you've read the 20+ articles in the series so far, you've learned about several stocks that should be well positioned to benefit from rising oil prices, and you should also have a good idea about which sectors are best to avoid. On the other hand, if you are just coming across my writing now, you're about to learn about a single investment that should not only benefit from peak oil, but it will give you diversification at a fairly moderate cost. Complete Story » seekingalpha.com |