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Update: Week of November 17, 2008 The markets are trying to find a foot hold in what could be another disastrous week. We have already seen the markets drop lower this morning in trading and the big news out is the fact that Citigroup is going to cut more than 50,000 jobs. The economy is losing ground quickly as the employment numbers continue to drop and other economic news not having good numbers. The economic news out this week includes Empire State Manufacturing Index, Capacity Utilization Rate, Industrial Production, PPI (MoM), Core PPI (MoM), TIC Long-Term Purchases, Fed Chairman Bernanke Testifies, NAHB Housing Market Index, Building Permits, Core CPI (MoM), CPI (MoM), Housing Starts, Crude Oil Inventories, FOMC Meeting Minutes, Unemployment Claims, Philly Fed Manufacturing Index, CB Leading Index (MoM) and Natural Gas Storage. Some earnings due out this week include Arvinmeritor Inc (ARM), China Fin Online co Ltd (JRJC), DHT Maritime Inc (DHT), Helmerich & Payne Inc (HP), Ldk Solar Co Ltd (LDK), Phillips Van Heusen Corp (PVH), Smucker JM Co (SJM), Target Corp (TGT) and Trina Solar Limited (TRM) to name a few. Happy Investing! *All stocks are chosen using AI Scanner and evaluated using PremiereTrade® AI . Charts used in the presentation are from the weekly AI Wizard. The Model Portfolio originated on September
14, 2006, with a simulated $50,000 investment. Rates
of returns are not adjusted
for transaction fees that may have to be paid. All
prices and performance data are adjusted for reinvestment
of capital gains and dividend distributions as
they occur. Past performance is no guarantee
of future results.
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