‘Stick with what’s working.’ Money pros have been saying it for quite a while. In other words, when you put money to work pick stocks that are leaders not laggards – buy high and sell higher; that’s the trade that has paid. However, with some leaders advancing 50% or more over a period of only 1 year, investors are starting to wonder how much upside can possibly be left. Given the outperformance, should you remain bullish on these S&P over achievers? Or is the trading thesis getting a little long in the tooth?
Before Europe’s debt crisis flared anew last summer, corporate cash piles and cheap debt had fostered hopes that deal-making would recover strongly. The New York Times reports.
El Paso Corp. Chief Executive Douglas Foshee does not plan to stay at Kinder Morgan Corp. after the pipeline company acquires his employer, a Wall Street Journal report said.
Monday, 17 Oct 2011 | Posted By:
| Source: CNBC.com
Stocks closed near session lows Monday as investors grew nervous following news there wouldn't be a definitive solution to the euro zone's debt crisis during the upcoming summit, according to Germany's finance minister.
Carl Icahn's Icahn Enterprises has withdrawn a$1.73 billion hostile bid for Commercial Metals after less than 40 percent of the scrap metals giant's shareholders tendered their shares... Read More