LONDON (AFX) - Here are the top stories on AFX News US jobless rate drops but job growth slows WASHINGTON (AP) - The nation’s unemployment rate dipped to 4.5 percent in February even as big losses of construction and factory jobs restrained overall payroll growth. Wages grew briskly. The latest snapshot, released by the Labor Department on Friday, offered a mixed picture of the employment climate. EADS reports $1.01 billion loss in 4Q MUNICH, Germany (AP) - Airbus parent EADS...
Don’t Wait for Perfect Prices
April 18, 2007 on 11:02 pm | In Finance |
Viacom (VIAB) is “money in the bank,” Jim Cramer said Friday on CNBC’s Stop Trading! segment.
Cramer said Viacom reported a good quarter this week that was overshadowed by the hand-wringing over liquidity and subprime lending and the yen carry trade. But better yet, Cramer added, CEO Philippe Dauman admitted on the conference call that the first quarter is looking even better than the fourth quarter was — a slip-up that Cramer said justifies buying the stock up 71 cents Friday at $39.28.
Cramer also likes Global Santa Fe (GSF) . He said CEO Jon Marshall was similarly nonplussed on a recent earnings call, after Wall Streeters ignored the offshore drilling company’s strong fundamentals for the umpteenth time.
Cramer said Marshall’s message was “I’ve had enough — we’re making the most money we’ve ever made and we’re still being ignored.” Cramer said the stock should rise from a recent $57.
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Stocks Overcome Early Shock »The gold market was choppy Thursday as traders struggled to find direction amid a mixed bag of economic data. April-dated bullion contracts were rising 80 cents at $673.30 an ounce on the Comex division of the New York Mercantile Exchange. The exchange-traded funds that hold the metal, streetTracks Gold Shares (GLD) and iShares Comex Gold Trust (IAU) , were both losing about 0.2% recently. “I think we’ve had a string of conflicting news that’s buffeted the gold market all...