No Mystery: This Week Was History
"That bodes well for most of the other players, like Unilever in the packaged-foods area, and Kroger in the supermarket area," added Auxier.
Success Is In the Cards
Tuesday's huge rally largely disappeared on Wednesday, as the Dow Jones Industrials gave back nearly 300 of the 420 points they had gained the day before. New worries grew about the possibility of more troubles at banks still grappling with mortgage-related debt.
But Wall Street put a big gain on its VISA card. The credit Goliath went public, under the prestigious single-letter ticker symbol "V" surrendered by Vivendi two years ago. VISA's initial public offering became the most lucrative IPO in the history of the American marketplace, closing with a 28 percent gain over its offering price.
David Menlow of IPOfinancial.com saw it coming.
"Two ways we would go with this stock," he told CNBC before the opening bell. "You buy it when it goes down, and you buy it when it goes up, because they are the biggest and the best at what they do."
That bit of good news, plus a better-than-expected regional manufacturing report and an upbeat analyst note on financials, helped the Dow close up with a 2.2 percent gain on Thursday.