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This past week was another wild one for markets as a number of earnings reports combined with debt crises to create a very choppy couple of days. While worries over a debt deal in the U.S. and concerns over a European debt contagion may have weighed on markets, most equities managed to finish the week higher for the most part, boosted by extremely solid performances in Tuesday and Thursday trading. Tech earnings were especially strong as robust figures from IBM and unsurprisingly, Apple, helped to carry sentiment for this important corner of the market. Additionally, the transports, which many look to for strength coming out of a weak patch, also posted strong results as both CSX and Union Pacific beat estimates on higher shipping volume and price increases. Meanwhile, commodities also had a solid week as a weaker dollar, higher demand prospects, and continued uncertainty, helped to lift most resources higher. In fact, gold finished the week close to the $1,600/oz. mark while oil trended near the $100/bbl. level, demonstrating that commodity investing is alive and well in this current environment.  [click to continue…]

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Equity markets finished mixed last week as the Dow managed to outperform both of its more broadly-allocated counterparts thanks to robust earnings reports from GE and IBM. Meanwhile, financials helped to push the S&P 500 down by about 0.8% on the week while the Nasdaq sank almost two percent thanks to ongoing worries across the technology sector, but especially with key component Apple which saw their beloved CEO Steve Jobs take another leave of absence to deal with cancer. Commodities also posted a rough week as gold saw its value tumble by close to $40/oz. from its mid week high and oil continued its slide after posting solid gains in the previous weeks. Meanwhile, in emerging markets, concerns over China and a possible rate hike continued to plague a number of sectors as many are growing increasingly concerned that this key engine of economic growth is likely to do its best to slow down its economy and crush inflation in the process. [click to continue…]

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Few industries will look back on the last several years fondly, remembering a stretch of surging demand and reliable sources of organic growth. But for aerospace and defense firms, the last decade has been a remarkable run, including the last two years that saw many other corners of the economy battered by the recession. Ongoing–and […]

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Wednesday was an eventful day for Dow component Boeing (BA), one of the largest global aircraft manufacturers and third largest defense contractor in the world. While the company has seen a lot of bad press in regards to the lengthy delays to its 787 Dreamliner plane, two events early Wednesday look to give the company […]

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Boeing Co., the Chicago-based aerospace and defense corporation, announced on Friday that it plans to increase production of its 777 and 747 aircraft amidst strengthening demand from the airline industry. “We see 2010 as the year of overall economic recovery within the industry and 2011 a year where airlines return to profitability,” said Randy Tinseth, […]

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