View of 25 money managers with gold-standard track records and their single best stock pick each.
Starting with Qualcom here's the list of fortune top 25 stock picks for the 2010.
Click here for the list and if you have any other stock you think should be on the list let me know.
Showing posts with label stocks. Show all posts
Showing posts with label stocks. Show all posts
Friday, May 28, 2010
Tuesday, May 12, 2009
Toyota cuts annual production goal to 7-year low.
TOKYO: Toyota Motor Corp. said on Wednesday it will cut vehicle production 28 per cent this year to its lowest level in seven years.
The world's largest automaker, struggling as sales fall across the globe, says it aims to produce 6.68 million vehicles in 2009, down from 9.24 million in 2008. ``We expect the severe conditions to continue this year,'' said Toyota spokeswoman Ryoko Nishinohara. Toyota has already said it expects the current fiscal year through March 2010 to be its worst ever financially, forecasting a net loss of 550 billion yen ($5.7 billion). The carmaker has struggled to keep up with falling demand, especially in the U.S. and Europe. It has suspended production at factories, cut temporary workers in Japan and offered buyouts to American workers.
Toyota has not closed any factories and retains the capacity to make up to 10 million vehicles per year. But the annual production cut is the latest indicator of how quickly its fortunes have turned. Prior to the financial crisis and the global credit crunch, sales were soaring. The maker of popular cars such as the Camry and the Prius hybrid overtook GM last year as the world's largest automaker by annual sales.
In the fiscal year that ended in March 2008, it booked a record profit of 1.72 trillion yen. But sales suffered as the global economic slump set in, and a year later it had a net loss of 436.94 billion yen. Toyota has reacted by picking a member of the founding family, Akio Toyoda, to become its president and lead a turnaround. He will replace current president Katsuaki Watanabe in June. On Tuesday, Toyota said it would suspend several lines at an engine factory in Japan. The company said it will stop three of 11 production lines at Kamigo, its main engine factory in central Aichi prefecture, to adjust for its lower vehicle output. In late trade Wednesday, the company's shares were down 2.7 per cent at 3,640 yen in Tokyo, while the benchmark Nikkei 225 stock average was up 0.6 per cent.
The world's largest automaker, struggling as sales fall across the globe, says it aims to produce 6.68 million vehicles in 2009, down from 9.24 million in 2008. ``We expect the severe conditions to continue this year,'' said Toyota spokeswoman Ryoko Nishinohara. Toyota has already said it expects the current fiscal year through March 2010 to be its worst ever financially, forecasting a net loss of 550 billion yen ($5.7 billion). The carmaker has struggled to keep up with falling demand, especially in the U.S. and Europe. It has suspended production at factories, cut temporary workers in Japan and offered buyouts to American workers.
Toyota has not closed any factories and retains the capacity to make up to 10 million vehicles per year. But the annual production cut is the latest indicator of how quickly its fortunes have turned. Prior to the financial crisis and the global credit crunch, sales were soaring. The maker of popular cars such as the Camry and the Prius hybrid overtook GM last year as the world's largest automaker by annual sales.
In the fiscal year that ended in March 2008, it booked a record profit of 1.72 trillion yen. But sales suffered as the global economic slump set in, and a year later it had a net loss of 436.94 billion yen. Toyota has reacted by picking a member of the founding family, Akio Toyoda, to become its president and lead a turnaround. He will replace current president Katsuaki Watanabe in June. On Tuesday, Toyota said it would suspend several lines at an engine factory in Japan. The company said it will stop three of 11 production lines at Kamigo, its main engine factory in central Aichi prefecture, to adjust for its lower vehicle output. In late trade Wednesday, the company's shares were down 2.7 per cent at 3,640 yen in Tokyo, while the benchmark Nikkei 225 stock average was up 0.6 per cent.
Thursday, January 1, 2009
Rise and fall of commodities gives hints for 2009
- Just a year ago the debate about grain prices was simple: how high was high?
Huge global demand for grains, governments hoarding food, climate fears amid droughts, storms and floods -- basically every bullish factor one could imagine hit the markets.
The psychology of short supplies carried over to other commodities as well, especially industrial metals as China and India drew in a rapidly rising share of materials as their economies raced to modernize and transform.
The final element for the "perfect storm" sending commodities to stratospheric heights was the tsunami of Wall Street and other speculative money that, frustrated by stagnant stocks and bonds, finally bought into the commodities story.
The benchmark Reuters-Jefferies-CRB index .CRB of 19 commodity futures was at 358.71 on December 31, 2007, up 17 percent for the year. It jumped another 32 percent to hit record high of 473.97 on July 3, 2008.
Then, as investors blinked, it was over. The index started sliding and by early December fell to a 6-1/2-year low of 208.58 -- down 56 percent from the midsummer highs.
The global economic crisis tied to dried-up bank credit -- the lifeblood of all markets -- rocked Wall Street but also rolled over commodities, bursting bubbles right and left.
"A great start and an unexpected finish," said Rich Feltes, director of MF Global Research in Chicago.
Gold had soared past $1,000 an ounce. U.S. wheat prices had gone past $25 a bushel -- the previous record was $7.50 -- amid a 60-year low in U.S. wheat stocks. Midwest floods and a biofuels boom pushed corn above $7 a bushel, triple the average price for decades. In July, crude oil neared $150 a barrel.
"The main negative for all of these commodities is the demand side of the equation with the economic malaise," said Bill O'Neill, managing partner of Logic Advisors LLC and former head of commodities research at Merrill Lynch.
The question for the coming year? How low is low?
"As we head into 2009 I think an important question to ask is will that fund money come back?" MF Global's Feltes said.
"Commodities are not going to be a lead indicator," he said, pointing to gross domestic product instead. "The economy has to turn around first. There has to be fundamental justification for higher GDPs for improving commodity demand before investors feel comfortable coming back to commodities."
LIMPING ALONG - BUT KEEP AN EYE ON GRAINS?
In U.S. commodity markets, weekly data from the Commodity Futures Trading Commission has told the story of shell-shocked investors fleeing commodities or cashing out to secure funds.
Open interest in the CBOT's largest ag contract, corn, for example, had grown to 1.4 million contracts by spring. Today, the total is 800,000 contracts as commodity funds downsized to meet the global margin call that came as economies collapsed.
The credit contagion shows no signs of being solved any time soon, with the hopes of most investors pinned to the new policies and measures a Barack Obama administration says it will aggressively put in place starting in January.
How quickly that might spur economic growth and investor confidence is an open question. But among commodities, one place to keep an eye on may be grains. Several factors might make food and biofuels a trigger for a commodities recovery.
For one thing, the single biggest demand force in the recent commodities craze -- China -- is not going away. Neither is food or biofuels demand, although the latter may cool down.
"The theme we've had in the last half of this year was all about demand destruction," said Dan Basse, president of Chicago-based consultancy AgResources. "We're concerned about supply destruction starting mid to late winter and having a bull market in agriculture the last half of 2009."
Basse said supply destruction -- referring to lower global grain plantings -- was a key to watch. But so are biofuels.
Obama, from a top corn and soybean state, has promoted biofuels. But using food crops to produce them has been increasingly attacked by food inflation watchers and even environmentalists, saying it does little for global warming.
"Ethanol has been one of the big drivers of the bull market," Basse said.
Another factor that will have a huge influence over whether commodity prices recover is the value of the dollar. A weak dollar makes U.S. grain exports cheaper, for example.
"The U.S. dollar will continue at least early in the year to drive all commodity markets," said Bill Lapp, president of consultancy Advanced Economic Solutions.
Huge global demand for grains, governments hoarding food, climate fears amid droughts, storms and floods -- basically every bullish factor one could imagine hit the markets.
The psychology of short supplies carried over to other commodities as well, especially industrial metals as China and India drew in a rapidly rising share of materials as their economies raced to modernize and transform.
The final element for the "perfect storm" sending commodities to stratospheric heights was the tsunami of Wall Street and other speculative money that, frustrated by stagnant stocks and bonds, finally bought into the commodities story.
The benchmark Reuters-Jefferies-CRB index .CRB of 19 commodity futures was at 358.71 on December 31, 2007, up 17 percent for the year. It jumped another 32 percent to hit record high of 473.97 on July 3, 2008.
Then, as investors blinked, it was over. The index started sliding and by early December fell to a 6-1/2-year low of 208.58 -- down 56 percent from the midsummer highs.
The global economic crisis tied to dried-up bank credit -- the lifeblood of all markets -- rocked Wall Street but also rolled over commodities, bursting bubbles right and left.
"A great start and an unexpected finish," said Rich Feltes, director of MF Global Research in Chicago.
Gold had soared past $1,000 an ounce. U.S. wheat prices had gone past $25 a bushel -- the previous record was $7.50 -- amid a 60-year low in U.S. wheat stocks. Midwest floods and a biofuels boom pushed corn above $7 a bushel, triple the average price for decades. In July, crude oil neared $150 a barrel.
"The main negative for all of these commodities is the demand side of the equation with the economic malaise," said Bill O'Neill, managing partner of Logic Advisors LLC and former head of commodities research at Merrill Lynch.
The question for the coming year? How low is low?
"As we head into 2009 I think an important question to ask is will that fund money come back?" MF Global's Feltes said.
"Commodities are not going to be a lead indicator," he said, pointing to gross domestic product instead. "The economy has to turn around first. There has to be fundamental justification for higher GDPs for improving commodity demand before investors feel comfortable coming back to commodities."
LIMPING ALONG - BUT KEEP AN EYE ON GRAINS?
In U.S. commodity markets, weekly data from the Commodity Futures Trading Commission has told the story of shell-shocked investors fleeing commodities or cashing out to secure funds.
Open interest in the CBOT's largest ag contract, corn, for example, had grown to 1.4 million contracts by spring. Today, the total is 800,000 contracts as commodity funds downsized to meet the global margin call that came as economies collapsed.
The credit contagion shows no signs of being solved any time soon, with the hopes of most investors pinned to the new policies and measures a Barack Obama administration says it will aggressively put in place starting in January.
How quickly that might spur economic growth and investor confidence is an open question. But among commodities, one place to keep an eye on may be grains. Several factors might make food and biofuels a trigger for a commodities recovery.
For one thing, the single biggest demand force in the recent commodities craze -- China -- is not going away. Neither is food or biofuels demand, although the latter may cool down.
"The theme we've had in the last half of this year was all about demand destruction," said Dan Basse, president of Chicago-based consultancy AgResources. "We're concerned about supply destruction starting mid to late winter and having a bull market in agriculture the last half of 2009."
Basse said supply destruction -- referring to lower global grain plantings -- was a key to watch. But so are biofuels.
Obama, from a top corn and soybean state, has promoted biofuels. But using food crops to produce them has been increasingly attacked by food inflation watchers and even environmentalists, saying it does little for global warming.
"Ethanol has been one of the big drivers of the bull market," Basse said.
Another factor that will have a huge influence over whether commodity prices recover is the value of the dollar. A weak dollar makes U.S. grain exports cheaper, for example.
"The U.S. dollar will continue at least early in the year to drive all commodity markets," said Bill Lapp, president of consultancy Advanced Economic Solutions.
Tuesday, December 30, 2008
10 stocks to buy now
2008 saw the bearist market in decades. There are prediction of price going down in coming year too. Although it is down, fortune magazine has predicted these 10 stocks to be of value for the year 2009. What does these stocks which were sometime ago 4 times the value of current market price hold for investors? Lets have a look.
10 stocks to buy now
10 stocks to buy now
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