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. […]
Bill On CNBC
Market Pulse Check: Big oil, food and tech bets, with Ronald Weiner, RDM Financial Group and William Rutherford, Rutherford Investment Management
View the video here: http://www.cnbc.com/id/15840232?video=828455669
Bill Rutherford Quoted By Reuters
UPDATE 3-HP results top Street despite stronger dollar
by Robert MacMillan and Eric Auchard
SAN FRANCISCO, Aug 19 (Reuters) – Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) results beat Wall Street targets, overcoming fears that slowing global economies and a stronger dollar would substantially weaken the world’s biggest computer and printer maker.
Shares rose 3.2 percent in after-hours trading on Tuesday after HP posted solid fiscal third-quarter international sales and said it expects fourth-quarter earnings also ahead of expectations.
“What we’re seeing here is that despite the concerns we had coming into the third quarter, they are not being overwhelmed by a currency hit yet,” said Jason Pride, director of research at Haverford Trust Co in Philadelphia. […]
Bill Rutherford Quoted In The Wall Street Journal
Anchor Bancorp Drops 16%; Pioneer Drilling Up 8.4%
by Kejal Vyas
Renewed concerns over large financial firms and their ability to withstand a global economic correction trickled over to other sectors Tuesday, helping small-capitalization stocks close in negative territory.
Weighing on the financial sector was an avalanche of less-than-encouraging news, starting with several analysts warning about Goldman Sachs’s earnings.
Additionally, J.P. Morgan Chase said it is taking a $1.5 billion write-down on mortgage-backed securities, Morgan Stanley said it is buying back $4.5 billion in auction-rate securities and Wachovia revised its second-quarter loss lower.
Among small-cap financials, regional banks made up the biggest losers as Anchor Bancorp Wisconsin dropped $1.48, or 16%, to $7.97 after posting a 44% drop in fiscal-first-quarter net income. Not too far behind were shares of Sterling Financial, which slumped a dollar, or 10%, to 9.17. […]
Morningstar Rating
We wanted to share this news with you!
Morningstar again notified us that we have earned a 4-Star Rating for our 5-year performance results for the period ending June 30, 2008. Our category returns are in the top 11% of all managers tracked by Morningstar. This is the 7th straight quarter we have received a Morningstar Rating of 4-stars or better.
We are currently accepting new clients, so please get in touch if you or anyone you know needs top-level, results-oriented investment management expertise.
Best regards,
The Serious Investor’s Personal Investment Manager
William D. Rutherford
Rutherford Investment Management, LLC
10300 SW Greenburg Rd, Ste 115
Portland, Oregon 97223
Cell 503 701 8547, Office 503 452 1210, fax 503 452 0120
Bill Rutherford Quoted In Business Week
Second-Quarter Profits: Grief or Relief?
The coming blizzard of earnings reports has Wall Street on edge, but it’s not all bad news ahead. Here’s what to expect.
by Ben Steverman
With just a few days left in the second quarter, Wall Street is preparing for yet another disappointing round of corporate earnings reports.
According to Thomson Reuters (TRI), analysts expect the earnings of the S&P 500 to fall 10.2% this quarter, a number that keeps getting worse as pessimism deepens about the financial sector. It would be the fourth straight quarter of falling earnings, the first such losing streak since 2001-02. […]