U.S. Stocks Advance, Led by Retailers, Banks; Amazon Climbs |
U.S. stocks rose, adding to the biggest weekly rally since April, after oil's drop below $115 a barrel boosted retailers and credit card companies.
All but one of the 29 companies in the Standard & Poor's 500 Retailing Index advanced as crude retreated for a second day and Goldman Sachs Group Inc. said Wal-Mart Stores Inc. may increase its profit forecast. Financial shares contributed the most to the S&P 500's gain as American Express Co., Discover Financial Services and Capital One Financial Corp. climbed more than 2 percent each.
The S&P 500 advanced 9 points, or 0.7 percent, to 1,305.32 after jumping 2.9 percent last week. The Dow Jones Industrial Average increased 48.03, or 0.4 percent, to 11,782.35, its highest level since June 25. The Nasdaq Composite Index added 25.85, or 1.1 percent, to 2,439.95. Almost five stocks rose for every two that dropped on the New York Stock Exchange.
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Welcome
to Stockchip.com - How Investing Works |
Hello and welcome
to Stockchip. Investing money successfully is not gambling.
Profitable money investing requires patience and a well
devised game plan. This means setting up reasonable
investment return targets and determining how much risk
you are willing to assume in order to achieve these
returns. The goals of investing money properly are to
generate stable returns and avoid losing money.
Investing money usually means investing in equities.
Equity in the form of shares represents ownership
in a company. If the company does well, the value
of the shares will rise. To generate returns from
money investing in stocks or penny stocks, becoming
familiar with the companies is a must.
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Stock in the News |
MedCareers Group, Inc. (MCGI.OB)
ATLANTA, March 4 /PRNewswire-FirstCall/ -- MedCAREERS GROUP, Inc. (the "Company" and "MCGI") (OTC Bulletin Board:MCGI.ob - News) today announced that it has signed a letter of intent to acquire StaffMD a leading online job posting website in the physician staffing industry. StaffMD operates primarily under the name www.physicianwork.com, but it has other operating assets as well. [Read More]
About MedCareers Group Onc.
MedCAREERS GROUP (www.medcareersgroup.com) mission is to become a leader in the healthcare career arena with a focus on the healthcare professional. MedCAREERS Group's goal is to build itself into a complete resource for the healthcare professional with an emphasis and understanding of what healthcare professionals need as a resource to assist them in maximizing their careers. |
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Market News |
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Value investing not dead, really
It certainly hasn't been an easy year for value investors, those intrepid types who invest in companies whose stocks are trading at a sizable discount to their intrinsic values. |
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Small Cap News |
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The Smart way to Buy good Penny Stocks.
Is there a smart way to buy good penny stocks or is it best to leave the decision making with a qualified stockbroker? The answer is probably a combination of both. Do you own research on penny stocks but confer with qualified professional as well. |
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Featured
Stock |
SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) Posts 1000% Gain in Payment Processing Volume in November 2008 Compared to Same Period Last Year |
SAN ANTONIO, TEXAS--(MARKET WIRE)--Dec 12, 2008 -- SmartCard Marketing Systems Inc. announced today that their Prepaid Card loading, Pin Debit and Bill Payment processing volume increased over 1000% in Payment processing totaling $620k for the month of November 2008 as compared to same period last year $60k. This trend of growth is anticipated well through 2009 and 2010 as the company attains a moderate threshold and active customer base.
(Other OTC:SMKG.PK) CEO Massimo Barone said, "What we are experiencing now is continued demand of our products and services from payment industry merchants. Throughout 2008 we continued to focus on delivering our technology platform and expertise to these merchants via Velocitymoney.com and Velocitymerchant.com. We believe strongly that fulfillment of backorders reaching market in January through March 2009 will impact sales and add substantial transaction revenues to our existing business mid year and ongoing."
Overview:
Studies show that the trend toward consumers using debit cards instead of credit cards continues to grow. (Other OTC:SMKG.PK) business model involves capturing a significant share of the estimated 28 billion debit transactions that occur every year and capture market share in alternative e-commerce payment transactions segment."
We seek safe harbor.
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