stock market Archives • Rutherford Investment

Bill Rutherford Quoted In Dow Jones

Consumer Staples, Health Care Seen As Recessionary Havens

by Mary Ellen Lloyd, Dow Jones Newswires; 704-948-9145; maryellen.lloyd@dowjones.com

A year into the U.S. recession, the smart money on Wall Street says traditionally defensive sectors such as consumer staples, health care and telecommunications remain among the best bets.

That’s because it is businesses like drugstores, food producers, managed-care companies, and beer and cigarette makers that tend to do well despite tough economic times, according to several market strategists, money managers, economists and fund data managers.

“You’re dealing with industries and companies that provide necessities – everything from toothpaste to stents to pharmaceuticals to cereal,” said Brian Belski, Merrill Lynch’s U.S. sector strategist.

And some not-so-basic items can feel like necessary luxuries for folks during times of stress. “People tend to drink and smoke more during recessions and slowing times in the economy and the stock market,” Belski said. […]

December 18th, 2008|Categories: Bill Quoted|Tags: brian belski, dow jones, economy, lehman brothers, market strategists, recession, Rutherford Investment Management, stock market, william rutherford|Comments Off

Bill Rutherford Quoted In Business Week

Inside Wall Street: Bring on the Cranes and Road Graders by Gene Marcial

http://www.businessweek.com/magazine/content/08_48/c4110insidewal446718.htm

The Dow Jones industrial average has plunged some 41% since its record close at 14,164 on Oct. 9, 2007—for a $1.7 trillion loss in market capitalization. And the broader Dow Jones Wilshire 5000-stock index has lost 46%, or $9.1 trillion. The huge sell-off is causing some strategists to figure that the market has already priced in a recession. Not only that, “it also has posted the worst performance entering a recession in over 60 years,” notes Jeffrey Kleintop, chief market strategist at LPL Financial. While volatility is likely to continue, history suggests additional significant downside is unlikely. “The stage is set for an eventual recovery, led by the early cyclical sectors,” predicts Kleintop. It’s well-known, he adds, that powerful gains in the stock market come well before the end of a recession. […]

November 20th, 2008|Categories: Bill Quoted|Tags: barack obama, dow jones, dow jones industrial average, economy, global recession, investment bank, market capitalization, Rutherford Investment Management, stock market, william rutherford|Comments Off

Bill Rutherford Quoted By CNNMoney.com

Dow sheds 486 points: Post-election worries about the weak economy are front and center.

by Alexandra Twin, CNNMoney.com senior writer

NEW YORK (CNNMoney.com) — Stocks fell sharply Wednesday, with the Dow sliding as much as 513 points, as Barack Obama’s historic victory gave way to renewed worries about the struggling economy.

The Dow Jones industrial average (INDU) lost 486 points or 5%. The blue-chip average lost as much as 513 points earlier. The Standard & Poor’s 500 (SPX) index lost 5.3% and the Nasdaq composite (COMP) gave up 5.5%.

Investors were taking a classic “buy the rumor, sell the news” response to President-elect Barack Obama’s victory over John McCain, said Bill Stone, chief investment strategist at PNC Financial Services Group. […]

November 5th, 2008|Categories: Bill Quoted|Tags: barack obama, chief investment strategist, dow jones, dow jones industrial average, economy, financial markets, john mccain, lehman brothers, market bottom, new york stock exchange, paulson, recession, Rutherford Investment Management, stock market, treasury secretary, william rutherford|Comments Off

Bill Rutherford Quoted In Barron’s

Earnings Estimates Still Too Lofty

By JOHANNA BENNETT

WHILE WALL STREET’S OUTLOOK for corporate earnings has grown more bearish by the day, the estimates are still not grisly enough.

Analysts have sharply cut their third-quarter and full-year financial profit estimates for companies in the Standard & Poor’s 500 since the summer, finally giving up on the notion that profits will climb much in 2008.

A poll by Thomson Reuters shows that the Street expects earnings to fall 2.3% in the quarter ending Tuesday from a year earlier. For the entire year, profits are expected to remain flat, a big change from the 6.7% gain analysts had forecast in July.

But some are skeptical about even those modest expectations and expect earnings to be down this year by as much as 8%. And there’s little confidence that the 22% gains predicted in 2009 will materialize given the uncertain economy, falling oil prices and the turmoil plaguing financial markets. […]

October 1st, 2008|Categories: Bill Quoted|Tags: bank bailout, chief investment strategist, corporate america, corporate earnings, corporate profits, credit crisis, dow jones, dow jones industrial average, ed yardeni, fannie mae, financial markets, global economy, johanna bennett, lehman brothers, Rutherford Investment Management, stock market, william rutherford|Comments Off

Bill Rutherford Quoted By MarketWatch.com

Beyond the pail: Where to invest in a post-bailout world

by Jonathan Burton, MarketWatch

SAN FRANCISCO (MarketWatch) — Wall Street is bound to get its bailout, in one form or another. The government’s rescue package will be costly to taxpayers, politically controversial — and quite possibly not the last. It will also dramatically change the landscape for U.S. stock investors.

The bailout has a singular task: to grease the locked wheels of the financial system and get credit moving again. What investors need to remember is that even if this plan works, the deep problems plaguing homeowners, consumers and the broader economy won’t magically disappear. The Troubled Asset Relief Plan isn’t called TARP for no reason. It is intended to avert a flood of Depression-era size, but the ground around us will still be soaked. […]

September 26th, 2008|Categories: Bill Quoted|Tags: bailout package, economic slowdown, economy, federal reserve, jonathan burton, morningstar, pat dorsey, recession, stock market, unemployment rate, william rutherford|Comments Off

Bill Rutherford Quoted In CNNMoney.com

Stocks rally on housing rescue

Dow surges 290 points as investors consider what the Fannie and Freddie bailout means for the broader economy.

by Alexandra Twin, CNNMoney.com senior writer

NEW YORK (CNNMoney.com) — Stocks surged Monday, with the Dow gaining 290 points and the broader market also gaining as investors breathed a sigh of relief that the government has swooped in to bail out Fannie Mae and Freddie Mac.

The Dow Jones industrial average (INDU) added 290 points or 2.6%. The broader Standard & Poor’s 500 (SPX) index added 1.8%, paring its morning gains. The Nasdaq composite (COMP) added 0.6%, after climbing in the morning and then falling in the afternoon. […]

September 8th, 2008|Categories: Bill Quoted|Tags: bailout, credit markets, dow jones, dow jones industrial average, economic slowdown, fannie mae, global economy, jon burnham, lehman brothers, new york mercantile exchange, new york stock exchange, paulson, regional banks, Rutherford Investment Management, steven goldman, stock market, treasury secretary, william rutherford|Comments Off