| Cramer's 'Mad Money' Recap: Stimulus-Package Stock Plays
If the proposed economic stimulus package gets approved, consumers will be spending some of their tax rebates at retailers, Cramer told viewers of his "Mad Money" TV show on Thursday. Retail stocks trade off of their same-store sales numbers, he explained, and with the comparisons from last year so low, retailers can't help but benefit. In this regard, Cramer likes such retailers as Guess (GES - Cramer's Take - Stockpickr), J. Crew (JCG - Cramer's Take - Stockpickr) and Lowe's (LOW - Cramer's Take - Stockpickr). He notes that Liz Claiborne (LIZ - Cramer's Take - Stockpickr) and Jones Apparel (JNY - Cramer's Take - Stockpickr) should also do well. And he's still a fan of Costco (COST - Cramer's Take - Stockpickr), TJ Maxx (TJX - Cramer's Take - Stockpickr) and even Urban Outfitters (URBN - Cramer's Take - Stockpickr) at these levels.
News briefs
Brown has expressed a keen interest in hearing from others on those and other issues of interest and plans an extended Q&A period following his remarks. After his campaign upset of longtime mayor Henry Foy, Brown said, "I don't see myself as mayor. I see myself as a sort of director of a symphony or an orchestra. I'm not out front. Back as alderman, I was a different person. As mayor, my job is to coordinate and bring together four votes and get things going in a direction that everybody agrees with," Brown said. In anticipation of that role, Mayor Brown is anxious for input from any and all interested in Waynesville's future. Brown said he was "...delighted to receive an invitation to 'meet and greet' as well as to engage in a 'community conversation' with local residents and patrons of Osondu's." Economic injury loans available from SBA Jan.
Pakistan - 2004 Annual Report
He did indeed permit the creation of new, privately-owned broadcast media, but this was for fear of being left behind by neighbouring India, where the independent press is growing fast. His ministers, especially information minister Sheikh Rashid Ahmad, also said the government had no intention of obstructing journalists in their work. What the authorities tolerated least were reports about the presence of Taliban and Al Qaeda members in Pakistani territory. Foreign journalists found it very difficult to obtain permission to visit border regions especially those near Peshawar or Quetta and the security services kept anyone going there under close surveillance. In October, the Pakistani army invited the press to follow part of its operations in one of the tribal areas on the "embedded journalist" model used for the invasion of Iraq.
GM Loses $39B in 3Q, Shares Fall
General Motors Corp. posted a company record $39 billion loss Wednesday for the third quarter, as a charge involving unused tax credits brought an abrupt end to a string of three profitable quarters for the nation's largest automaker. The loss was one of the biggest quarterly corporate deficits ever. GM's shares closed more than 6 percent lower. Standard & Poor's downgraded GM shares from hold to sell, and said GM's near-term outlook has worsened significantly in part due to reduced U.S. sales. GM attributed most of the third-quarter loss to a $38.6 billion noncash charge related to accumulated deferred tax credits in the U.S., Canada and Germany. Accounting rules require companies to write down the value of such credits if they have scant prospects for a return to profitability in the near term.
Elbert: Ethanol's highs, lows make it top '07 biz story
Good news outweighed the bad for most Iowa businesses in 2007, with alternative energy leading the way. The Registers annual top 10 business stories are a reflection of that, with ethanol and wind energy laying claim to two of the top three positions on this years list. .
|
