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Investor Daily Deckers Finds Its Footing With Uggs
NEW YORK (Fortune) — You see them tucked into jeans, donned with leggings, even paired with mini-skirts: the furry, oh-so-soft sheepskin pairs of UGG boots.Teens have idolized the footwear while guys have called the boots ugg-ly, but the brand is a force for shoe company Deckers Outdoor (DECK). Yet there’s concern about how much more… »
Investor Daily Diversifying With Currencies
NEW YORK (Fortune) — The financial crisis has wreaked havoc on many a money manager, but not Samson Capital Advisors, a firm that offers bond and currency investments to endowments and high-net worth individuals and families.Samson’s assets under management have jumped to 6 billion from 3.5 billion at the beginning of 2008, as more investors… »
Investor Daily Arena Resources Drills For An Oil Recovery
NEW YORK (Fortune) — Arena Resources has pleased investors with rocket-fueled growth, but the oil and gas producer seems to have hit a wall.Falling energy prices have cut into the company’s latest quarterly results, with revenue down 56% and income down 42% from the previous year, while oil prices fell 54% and gas prices dropped… »
Investor Daily Retail Is Still Worth It For Staples Founder
NEW YORK (Fortune) — The number of people who have created entirely new categories in retailing can probably be counted on one hand.There’s Sam Walton, whose Wal-Mart Stores were an early pioneer of discount shopping, and Leslie Wexner, who conceived of the “specialty” store with his Limited chain. Add to that list Tom Stemberg, the… »
Investor Daily Betting On Casino Stocks
NEW YORK (Fortune) — Gaming companies have taken a huge hit in the current downturn, and their stocks have been crapping out. But with overseas markets booming and a lot of assets hitting the selling block, some industry watchers say it may be time for investors to put their chips back on the table.It’s been… »
Investor Daily Cognizant Stays Hot
(Fortune Magazine) — The economic downturn has been hard on information technology outsourcing firms, which in recent years had relied on Wall Street for growth.Some, like 26 billion Infosys Technologies (INFY), expect to post their first-ever sales declines this year. Research firm Gartner forecasts IT spending to fall by 6% this year to 3.2 trillion.But… »
Investor Daily Adventurous Funds For Uncertain Times
(Fortune Magazine) — Today’s market is particularly tough for individual investors. Stocks have been wildly volatile, bonds offer low yields, and the experts caution that even when the economy recovers, growth will be weak and inflation a threat.Under conditions like these, world allocation funds may have a distinct advantage. Rather than focusing on one type… »
Investor Daily Speculating On Higher Oil Prices
NEW YORK (Fortune) — Oil prices hit their highest level in a month Monday on hopes that the U.S. economy was finally on the road to recovery. Still, that recovery is taking a lot longer than oil traders had hoped. Prices are nowhere near their all-time high of 147 a barrel a year ago.Longer-term, what… »
Investor Daily Can EBay Rebound
NEW YORK (Fortune) — eBay’s core business of online auctions is struggling. Traffic has dropped as consumers favor websites with set prices, such as Amazon.com and Walmart.com. The stock is off nearly 70% since 2004.However, investors got some good news July 22 when eBay’s earnings and revenue beat Wall Street’s expectations.Analysts said the surprise results… »
Investor Daily A Bear Who Sees No Bulls In The Future
NEW YORK (Fortune) — On one hand, Federated Investors’ Market Opportunity Fund had a good year: In a market where nearly every mutual fund got clobbered, it beat 95% of its competitors in 2008 and topped the S&P 500 by an astounding 30 percentage points.Led by longtime manager and contrarian Steve Lehman, the fund used… »