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After three weeks, bears take over from bulls.
This week, S&P500, DOW and NASDAQ, dropped after three weeks of gain. For the first time in history, the DOW crossed the 14,000 mark, but could not keep up the gains and closed at 13,851. This week, ending July 20th, the DOW lost 56 points, S&P500 lost 18 points and NASDAQ lost almost 16 points.
Experts believe that the drop in the market is caused by many things. One of them is coming from the investors who seem to remain concerned about the developing bad loan situation faced by banks. They are also concerned that it can become a bigger problem for the economy than most believe it to be. The bad loan problem is caused by the home owners who have a weak credit history and now are having difficulty paying their mortgages (home loans) to the banks.
Another reason is that, this month, companies will be announcing their quarterly financial results to show how well they did in the past quarter and how the future looks for them. Some large companies like Caterpillar and Google have announced that their sales and profits were not as good as the experts had expected.
Unexpected bad news gets investors cautious about their stocks and typically sell the stocks of the companies with higher risks. In these uncertain situations, investors also take a wait and see approach before buying stocks. So this week, there were more stock sellers than the buyers and that brought the stock markets lower. Let us see what happens in the coming weeks.
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Large food companies changing their advertisements aimed at kids to tackle the growing obesity problem.
The largest food and drink companies announced that they will limit advertisement to kids under the age of 12 to help reduce the growing child obesity problem. In the last 40 years, the number of overweight kids in the US, has more than tripled to over 15 out of every 100 kids. This trend is not good.
Advertisements are a good way to draw the attention of people toward the company’s products and services. For example, McDonald’s advertises its Happy Meals with the use of popular cartoon characters. Let us face it, how many times have you gone to McDonald’s just to get that special toy that comes with the Happy Meal. Companies advertise in many ways such as TV and radio commercials with catchy jingles, colorful pictures in newspapers, magazines, internet and roadside billboards, etc.
Most of the food and drink companies have come under pressure to help reduce the child obesity problem through more responsible advertisements and marketing. It is not clear if the food advertisements alone will solve this problem but it is a good start to stop advertising junk foods with high fat, salt and sugar content to the kids who are still learning what is good or bad for them.
Companies include, McDonald’s, Coca Cola, Pepsi, Campbell Soups, General Mills, Kraft Foods, Kelloggs, Hershey, Cadbury, Unilever and soon more may join the list.
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Harry Potter sets new records
The last of the seven book series by J. K . Rowling went on sale at 12:01am on July 21st. The advance orders for the latest book set new records and release celebrations were held all over the world. Scholastic, the publisher of the book is expecting to break both printing and sales records with this book. The company said that it has printed 12 million copies in the US compared to the 11 million for the sixth book in 2005. More than 7 million copies of the book were sold in the first 24 hours. Harry Potter books accounts for between 8% to 10% of Scholastic’s $2 billion in revenues.
Postal workers around the world have also been working extra hard to deliver nearly the 2.5 million pre-ordered copies of this book. According to a survey by the Universal Postal Union (UPU), the United Nations postal agency, around 600,000 books will be delivered across U.K., 1.8 million in the US and 80,000 in Canada. “Never before, in the history of the postal service, will postmen and women the world over have delivered so many identical books on a single day,” the Swiss-based UPU said.
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Your Favorite Stocks (For details click Volume 5)
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Company
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Company known for?
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If you bought one stock in Jan-07
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This week stock is?
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Your gain or loss?
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Mickey Mouse, Toys, Entertainment, and more.
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$34.20
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$34.34
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$0.14
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Frosted Flakes, Rice-Krispies, and more.
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$49.89
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$51.76
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$1.87
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Fast food hamburgers, restaurants and more.
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$43.87
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$52.09
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$8.22
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Coming Soon!!
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How many Japanese Yen can you buy for a Dollar?
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How Oil Prices and the Gas Price per Gallon change?
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Stock Market Summary
Bears Market-Stocks Down!
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July 16-20, 2007
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Index
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Change
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Last
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DOW
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Down 56
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13,851
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S&P500
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Down 18
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1,534
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NASDAQ
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Down 16
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2,688
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What is Economy?
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What is a Stock?
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What is DOW?
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What is S&P500?
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What is NASDAQ?
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What is a Business? Business offers goods and services to customers for money. Businesses create jobs for people who work to make goods and or provide services for other who need them.
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Who are the Workers? The people who work at the businesses are also called workers. Workers are paid money which they use to take care of their loved ones. When these workers are paid money they pay some money to the governments, called taxes, so that the government can provide the services to the communities where we live such as schools, police, fire station, parks, roads, and many more.
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What are Goods? Goods are things that you can see, such as toys, balls, dolls, candies, cereals, etc.
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What are Services? Services are things that are done for others for money, such as, barber gives you service of hair cutting, waiter serves you food at the restaurant, etc.
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We use information from multiple sources - various websites, company, stock exchanges, newspapers, library, journals, and books.
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