Southridge Capital was pleased to see the Dow Jones Industrial Average increase over 5% last week (the week ended 7-9-10). As students of the stock market know, the week before the Fourth of July (a shortened week itself), the Dow fell over 455 points.
Southridge Capital continues to believe that there is [...]
Southridge Capital was pleased to see the market recover a bit on Friday after the steep decline on Thursday. For the week ending May 21st, 2010, NASDAQ, lost 5%, and the Dow lost 4%.
The European crisis is said to be a major reason for the market volatility and tremendous selling pressure [...]
According to Barron’s Market Center, both the 15 year fixed mortgage rate and the 30 year fixed are at 52 week low, 4.29% and 4.99% respectively. The 5 year adjustable is also at a 52 week low, at 3.79%. Low rates like these will encourage new home buyers, even if there is no more [...]
Southridge Capital takes a look at the business of entertainment. We recently heard Law and Order, after 20 years, is ending its run. The show spends about $79 million a year in New York City, according to Katherine Oliver the commissioner of the Mayor’s office of Film, Theater and Broadcasting.
What would happen to New York’s [...]
Southridge Capital looked at the April retail sales and was very pleased there was another increase, making it seven months in a row. We feel strongly this is a positive sign that the consumer feels much more confident about the economy.
We are also happy to see the price control on debit transactions. Consumers should use [...]
Southridge Capital wrote in an earlier blog about how the US looks stable compared to some of the other regions worldwide. The stock market saw its second week of decline, and for the most part Greece’s turmoil replaced Goldman Sachs in the news.
Getting back to what we mentioned about US stability, the most recent [...]
Southridge Capital looked at various forms of entertainment – sporting industries and movies. The numbers showed some pleasing results.
The WWE held its main event called WrestleMania in Glendale, Arizona in March. This years’ WrestleMania XXVI contributed approximately $28.8 million of revenues, $13.1 million of profit to the WWE on this one event according to [...]
Southridge Capital took a look at the marketing sector, which we feel is pushing the market upwards. According to Norbert J. Ore, CPSM, C.P.M., chair of the Institute for Supply Management™ Manufacturing Business Survey Committee: “The manufacturing sector grew for the eighth consecutive month during March. The rate of growth as indicated by the PMI [...]
Southridge Capital was encouraged by recent reports that retailers posted strong gains for the 5 weeks ending April 3, 2010, with all major retail groups having seen their sales increase in the past 5 weeks. We think this is a direct correlation to consumers’ feeling a bit better about economy. Unlike the last 2 years [...]
Southridge Capital was pleased to see that employment numbers were increased by 162,000 jobs in March. This is the largest increase since 2007. Trading Economics published a report that was released on its website and on BloombergTM indicating that the jobs increase number included 48 temporary workers that were hired by the Federal Government to [...]