Stocks Rally on Jobless Data
Stocks are rallying on Thursday, as weekly jobless claims rose
less than expected and some positive stock news helped to raise
investor sentiment.
Countrywide Financial
(
CFC |
Quote |
Chart |
News |
PowerRating) secured an additional
$12 billion in in financing from new and existing credit lines, a
sign that the worst may have passed for the troubled mortgage
company.
McDonald’s
(
MCD |
Quote |
Chart |
News |
PowerRating) increased its annual dividend by
50% and announced plans to return $15 – $17 billion cash to
stockholders (full
story).
First Horizon National
(
FHN |
Quote |
Chart |
News |
PowerRating) is cutting 1,500
mortgage jobs and going to reduce its real estate exposure (full
story).
Learn how Raptor II
was able to achieve 31%+ returns from 5/2006 to 8/2007.
Click Here to sign up for a free presentation hosted by
Larry Connors.
|
|
|
Market Snapshot
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||
|
|
|
|