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Within the past week, utilities have been receiving a lot of hype in the media. With investment gurus like Warren Buffet recommending different utility companies, we thought we should recommend our own. Avista Corporation is an Electric and Natural Gas Utilities company. There has been a flock of good news regarding Avista within the past few months. First their most recent earnings were up 23 percent, remarkable for such distressful and trying economic times. Both the IDR (International Depository Receipt) and its unsecured debt ratings were upgraded recently; making the company an investment grade stock. Not to mention, a 4.73% dividend yield locks in return on investment even if entire market decides to go flat and does not immediately begin substantive recovery.
Climate Change and Cap and Trade
The climate change bill that just passed the House of Representatives last week will be debated on in the Senate while the Health Care debate is going on. Despite all the hype about the Health Care debate and it’s divisiveness, it is nowhere near as contentous as a Cap and Trade bill would be.
A health reform bill with a strong public option has been agreed upon by all three committees in the House of Representatives and will be debated on after the 4th of July recess.
Markets ended the day essentially where they were at midday; flat. None of the three main indexes moved more than half a percent with the Nasdaq just up and the Dow and S&P slightly down.
Markets Surge on Broad Rally
All three of the major indexes rose more than 2% today as the markets turned positive after more than a week of negativity. For the Dow 28 of the 30 stocks that make up the index were higher led by American Express and Alcoa. Read the rest of this entry >>
Fed Sees Improvements
On Wednesday the Federal Reserve said that the pace of the US economic decline is slowing down and they see an improvement in the overall economic conditions. This analysis of our economy came as interests rates were kept steady at 0%. The Federal Reserve also discussed the topic of inflation which is a concern for many with these low interest rates and recently rising commodity prices such as oil. Read the rest of this entry >>
The casino sector is one that has been beaten down as consumer spending has dropped in the past year or so. During this recession expendable income is not something many people have, especially on something as risky and unpredictable as gambling. Read the rest of this entry >>
Stock Recommendation: MDT
Fiscal Frenzy readers and investors are probably tired of all news articles about the healthcare industry. The reason for all the hype is because the healthcare sector is a defensive sector and has huge growth potential. Read the rest of this entry >>
The Public Health Care Option
The public health care option has been portrayed by both Democrats and Republicans in Capitol Hill as directly tied to the economy. Liberals argue that the presence of a public option would be beneficial to the economy since it would give employers more incentives to hire and the public could pay less for their own health plans/ would have access to an affordable health plan. Read the rest
Week in Review: 6/15-6/19
This week was a turbulent one for stocks that left the Dow with a weekly decline for the first time in over a month. The Dow, which dropped only 15 points today, finished the week down a total of 260 points or almost 3% while S&P dropped 2.6% on the week. Read the rest of this entry »
How Will Healthcare Affect Your Portfolio?
As Obama wrapped up his speech to the AMA in Chicago Monday, investor’s main concerns was how it would affect the overall healthcare industry and the market in general. Because the final bill has not been released it is hard to speculate how the healthcare insurance companies will be impacted. Read the rest of this entry »
We have been talking about the rebounding price of oil and how it has the potential to become a truly dangerous situation since it would be a significant impediment to recovery. The ongoing crisis in Iran over the election results and the question of whether they were valid or not has the potential to significantly up the ante and make the oil problem much more potent.Read the rest of this entry »
The Dow and S&P finished this week in positive territory and today’s gains sent the Dow positive for the year. On the day the Dow gained .3%, the S&P gained .14%, and the Nasdaq dropped .2%. Although the gains for the Dow, 28 points, were small they were enough to push the index up .26% on the year. Read the rest of this entry »
The Obama administration is facing plenty of heat over the fact that only 5 percent of the stimulus’ near 800 billion dollars has been spent to date. But let’s look at hard numbers here. February 14th 2009 the stimulus package passed with the Dow closing at 7550. Read the rest of this entry »
Oil has always been a tough sector to nail down since you never know whether it is a good thing or a bad thing for oil prices to go up or down. Oil has rebounded from 40 dollars a barrel and hit 70 today after another up day for crude but if you search oil prices in google news, the three top articles offer conflicting views;Read the rest of this entry »
If you have been following this stock at all you may be a little precarious as to this stock recommendation. The stock is up 70% on the year and 18% in the last two weeks alone. Despite this run up in the stock price we see major upside potential in the stock. Read the rest of this entry »
