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Global Investing Roundups

Buy/Sell/Hold ETF Zooms 42%; Magna Reports 3Q Loss, Slashes Dividend; U.S. Factory Orders Down 2.5%; Walgreen Same-store Sales Rise 2%, Yahoo Shares Upgraded; Oil Rises 12% on Production Cuts; Archer Daniels Midland Doubles Profit; UBS Turns Profit; Verizon Cleared to Take Over Alltel;

  • The iShares MSCI Brazil Index (EWZ), an exchange-traded fund (ETF) that was the topic of the popular “Buy, Sell or Hold” feature a week ago Monday (Oct. 27), surged another 9.82% yesterday (Tuesday) and is now up 42% in the six days since Contributing Editor Horacio Marquez rated the ETF as a “Buy” in his column. The shares, which were recommended at $29.94, zoomed $3.81 each, or 9.82%, to close at $42.60, and have now gained $12.66 a share, or 42% since they were recommended by Marquez. They traded as high as $43.35 yesterday – an increase of 45% from their recommendation price.
  • Magna International Inc. (MGA), the largest auto-parts maker in North America, reported a $215 million third-quarter loss and cut its quarterly dividend 50% to 18 cents. The dividend cut reflects the “reduction in profitability and uncertainty about the timing of an industry recovery in our traditional markets,” Magna said in a statement.
  • U.S. factory orders in September fell three times more than forecast, Bloomberg reported, slumping 2.5% after a 4.3% drop in August. “There’s not a lot of hope on future orders and production,” Guy Lebas, chief economist at Janney Montgomery Scott LLC, told Bloomberg. “The economy was on the edge of a precipice, and the credit crisis gave it a shove. Manufacturing will weaken because of slowing exports.”
  • October same-store sales at Walgreen Co. (WAG) rose 2% and pharmacy same-store sales rose 2.8%. As of Oct. 31, the company operated 6,544 drugstores, 600 more than it did a year ago, Reuters reported.
  • Shares of Yahoo Inc. (YHOO) got an unexpected lift when brokerage firm Collins Stewart raised Yahoo’s shares from “hold to “buy.” Collins Stewart cited a possible search deal with Google Inc. (GOOG) or Microsoft Corp. (MSFT), and set a target for $18 share, Reuters reported.
  • Oil prices jumped nearly 12% yesterday (Tuesday) as Saudi Arabia cut its crude exports.  Light, sweet crude rose $7.59, or 11.88%, to settle at $71.50 a barrel. Oil had previously fallen more than 55% since hitting a record high $147.27 a barrel in July.
  • Archer Daniels Midland Co. (ADM) said yesterday (Tuesday) that its fiscal first-quarter earnings more than doubled. A food processor and ethanol producer, Archer Daniels Midland reported quarterly profit of $1.05 billion, or $1.63 per share, up from $441 million, or 68 cents per share, last year. Sales jumped 65% to $21.16 billion.
  • After four consecutive quarters of declining profit, UBS AG (UBS) posted a net profit of $252 million (296 million Swiss francs) during the third quarter. The Swiss bank benefited from a tax credit of $776 million (913 million francs) and a revaluation of credit positions that resulted in a $1.88 billion (2.21 billion francs) gain on its books, The Associated Press reported.

November 5th, 2008

Peter Schiff: Why this Money Should Replace the U.S. Dollar

There’s a new universal currency, backed by solid gold. You can use it to make online purchases anywhere in the world. Converting some money to the new currency takes just 5 minutes. You can start with as little as $10… or as much as $10 million.

According to CNBC star analyst and Euro Pacific Capital President Peter Schiff, this money could double the value of your savings – automatically – in just 6-9 months.

For Schiff’s full analysis and recommendations, please go here.




This entry was posted on Wednesday, November 5th, 2008 at 11:00 am and is filed under Global Business Roundup, Global Roundup, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Due to the amount of comments we receive Money Morning will not be able to respond to all questions. If you have not already registered to leave a comment, once doing so you will receive Money Morning's Daily Email.

There Are 13 Responses So Far. »

  1. Pingback by Jutia Group - Market Jitters & Political Critters on 19 November 2008:

    [...] Index (NYSE: EWZ), was the focus of a recent Money Morning “Buy, Sell or Hold” column, and soared as much as 42% in six days after it was recommended as a [...]

  2. Pingback by Some Latin American Markets Show Profit Potential in the New Year, While Others Pose Risk on 15 December 2008:

    [...] On Oct. 27, in the depths of a rabid, indiscriminate sell-off, I published an extremely bullish piece on Brazil. Since that article was published, Brazil went on to rally as much as 47%. As of Friday’s close – even after some subsequent profit-taking – the exchange traded fund (ETF) that represents the Brazilian market (EWZ) is still up 21% (and has risen as much as 42% since my recommendation).  [...]

  3. Pingback by Hot Stocks: Despite Lowered Target, Vale Still Poses Potential 59% Gain, Analyst Says on 16 January 2009:

    [...] Index (NYSE: EWZ), was the focus of a recent Money Morning “Buy, Sell or Hold” column, and soared as much as 42% in six days after it was recommended as a [...]

  4. Pingback by Some Latin American Markets Show Profit Potential in the New Year, While Others Pose Risk | on 3 February 2009:

    [...] On Oct. 27, in the depths of a rabid, indiscriminate sell-off, I published an extremely bullish piece on Brazil. Since that article was published, Brazil went on to rally as much as 47%. As of Friday’s close – even after some subsequent profit-taking – the exchange traded fund (ETF) that represents the Brazilian market (EWZ) is still up 21% (and has risen as much as 42% since my recommendation).  [...]

  5. Pingback by Buy, Sell or Hold: Amazon is Positioned as a Long-Term Winner on 4 February 2009:

    [...] the Brazilian exchange traded fund - the iShares Brazil Index (NYSE: EWZ) - in late October, it zoomed 42% in six days. In a new free report, Marquez has identified a category of stocks he has labeled "rocket [...]

  6. Pingback by Buy, Sell or Hold: Coca Cola (KO) Keeps it's Fizz on 17 February 2009:

    [...] As the hundreds of thousands of readers across the Internet who’ve read Marquez’s insightful BSH missives know, the longtime Wall Street insider has a knack for picking stocks that are poised to move. Indeed, when he recommended the Brazilian exchange traded fund - the iShares Brazil Index (NYSE: EWZ) - in late October, it zoomed 42% in six days. [...]

  7. Comment by Busy Man's Workout on 17 February 2009:

    Very interesting write up…thank you for this!

  8. Pingback by Buy, Sell or Hold: Let McDonald's Transform the Golden Arches to Golden Gains on 23 February 2009:

    [...] As the hundreds of thousands of readers across the Internet who’ve read Marquez’s insightful BSH missives know, the longtime Wall Street insider has a knack for picking stocks that are poised to move. Indeed, when he recommended the Brazilian exchange traded fund - the iShares Brazil Index (NYSE: EWZ) - in late October, it zoomed 42% in six days. [...]

  9. Pingback by Buy, Sell, or Hold: Profit From the Projected Oil-Price Rebound With Diamond Offshore on 9 March 2009:

    [...] As the hundreds of thousands of readers across the Internet who’ve read Marquez’s insightful BSH missives know, the longtime Wall Street insider has a knack for picking stocks that are poised to move. Indeed, when he recommended the Brazilian exchange traded fund - the iShares Brazil Index (NYSE: EWZ) - in late October, it zoomed 42% in six days. [...]

  10. Pingback by Buy, Sell or Hold: Shipper C.H. Robinson Worldwide Inc. is Poised to Deliver Major Profits on 16 March 2009:

    [...] As the hundreds of thousands of readers across the Internet who’ve read Marquez’s insightful BSH missives know, the longtime Wall Street insider has a knack for picking stocks that are poised to move. Indeed, when he recommended the Brazilian exchange traded fund - the iShares Brazil Index (NYSE: EWZ) - in late October, it zoomed 42% in six days. [...]

  11. Pingback by Buy, Sell or Hold: Mine Profits From BHP Billiton on 8 April 2009:

    [...] Google Inc. (Nasdaq: GOOG), or the Brazilian ETF, theiShares MSCI Brazil Index (NYSE: EWZ), which rose 42% in the six days after Marquez rated it as a [...]

  12. Pingback by Buy, Sell or Hold: For a Defensive Stock, Wal-Mart Plays a Great Offense on 8 April 2009:

    [...] Google Inc. (Nasdaq: GOOG), or the Brazilian ETF, theiShares MSCI Brazil Index (NYSE: EWZ), which rose 42% in the six days after Marquez rated it as a [...]

  13. Pingback by Buy, Sell or Hold Insight: GM Remains a High Risk Profit Play – Even as it Files its Turnaround Plan Today on 13 April 2009:

    [...] the iShares MSCI Brazil Index (EWZ), an exchange-traded fund (ETF) that invests in Brazil, actually rose 42% in the first six days after Marquez rated it as a [...]

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