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BK's stock is appetizing, reviewers say

Article from: The Boston Globe Article date: November 04, 2008

MONEY & MARKETS / MARKET MOVERS

Burger King Holdings Inc. was raised to "outperform" by Wachovia after the stock price slid relative to earnings expectations. JPMorgan said the stock is well priced for growth. Deutsche Bank said BK's "defensive business model" should "hold up better than most in a difficult environment." The company said higher worldwide sales have helped profit increase 2 percent, despite rising food costs.

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Fluctuating Markets Close Up

Posted Sep 16, 08 3:17 PM CDT in Business 

Fluctuating Markets Close Up
Source: AP Photo/Seth Wenig, File

(Newser) – As AIG's future became somewhat clearer, the wildly fluctuating markets settled into positive territory at the end of today's session. Rumors that the Fed will bail out the mega-insurer helped nearly erase a 74% decline, Bloomberg reports. The Dow closed up 141.51 at 11,059.02, the Nasdaq gained 22.45 to 2,202.36, and the S&P 500 rose 20.86 to 1,213.56.

"It's going back and forth based on rumor and headlines and it has temporarily divorced itself from fundamental analysis," an asset manager said of the markets. The Fed's decision not to raise interest rates created a mini-dive, but the news about AIG—which was downgraded by multiple rating agencies and saw more than 1 billion shares change hands—helped drive the wider markets higher.

More about:  Financial Crisis • Dow Jones • stock market • S&P 500 • Federal Reserve • stocks • AIG • NASDAQ

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(Newser) - Stocks surged at the opening bell this morning, as traders registered approval of the central banks’ move to inject $360 billion into global money markets. The Dow jumped 118 points, while the S&P and Nasdaq rose 1.6% and 2% respectively. “These joint interventions are welcomed by the market, showing the Fed is trying to solve the logjam,” said one economist. More »

More about:  Dow Jones • stock market • S&P 500 • Federal Reserve • stocks • credit market • NASDAQ • central bank

Stocks Seesaw as Credit Crisis Deepens

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Wall Street Journal Wall Street Journal Aug 16, 07 3:35 PM CDT
(Newser) - The Dow closed down 15.69 at 12845.78 today, after plummeting 343 points in early morning trading on fears the credit debacle was spilling into the larger market. Investors continued to fret about the rising yen and nervous foreign markets, but rumors that the Fed would cut interest rates continued to percolate late into the day, despite contrary hints from Ben Bernanke. More »

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 Soaring Jobless Claims 
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Jobless claims reach 7-year high

Wall Street Journal Wall Street Journal Nov 13, 08 8:55 AM CST
(Newser) - Jobless claims rose to a 7-year high last week, but that didn’t appear to move the needle for stocks, which barely budged at today's open. The Dow crept up 66 points, while the S&P and Nasdaq rose 0.9% and 0.4% respectively. A staggering 32,000 filed new jobless claims last week, to a seasonally adjusted 516,000, a much bleaker number than analysts anticipated. More »

More about:  Financial Crisis • Dow Jones • stock market • S&P 500 • recession • Wal-Mart • unemployment • Intel • NASDAQ • jobless claims


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