Bill Quoted Archives - Page 2 of 3 • Rutherford Investment

Bill Rutherford Quoted At WSJ.com

http://blogs.wsj.com/marketbeat/2008/09/25/four-at-four-please-resume-your-normal-worrying/

Four at Four: Please Resume Your Normal Worrying

by David Gaffen

With the photo-ops, the handshakes, the forced smiles from leaders of opposition parties ready, Wall Street can go back to doing what it does best: Worrying about some other unknown problem somewhere out on the horizon. Thursday’s rally — sort of a “buy the rumor, buy the news” approach to the $700 billion bailout (a figure that was basically plucked out of a hat, as Forbes.com reported), and gives Wall Street enough cover to move ahead from here. That has already translated to a loosening in the Treasury market, where short-term debt yields shot up after days of pressure — the three-month note yield was lately at 0.75%, up from earlier in the day. “The alternatives seem pretty obvious and pretty bad — and there’s some comfort in that some progress is being made and it appeared to take some of the risk out of financials,” says William Rutherford, president of Rutherford Investment Management in Portland, Ore. There are, of course, massive logistical hurdles to implementing the U.S. Treasury Garbage Barge Trust, the least of which includes the value of the securities and which institutions will participate, and some are concerned that it may be all too much for the markets right now while still falling short of taking care of the issues. “There should be no illusion that the $700 billion estimate proposed by the Administration will be enough to end the debt crisis,” write analysts at Weiss Research. “There should also be no illusion that the market for U.S. government securities can absorb the additional […]

September 25th, 2008|Categories: Bill Quoted|Tags: bailout, government securities, Rutherford Investment Management, treasury market, u s treasury, washington mutual, 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

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

September 2nd, 2008|Categories: Bill Quoted|Comments Off

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. […]

August 19th, 2008|Categories: Bill Quoted|Tags: fourth quarter earnings, global economies, haverford trust, new york stock exchange, robert macmillan, Rutherford Investment Management, william rutherford|Comments Off

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. […]

August 13th, 2008|Categories: Bill Quoted|Tags: capitalization stocks, energy stocks, mortgage backed securities, new york mercantile exchange, new york stock exchange, regional banks, Rutherford Investment Management, wall street journal, william rutherford|Comments Off

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. […]

June 26th, 2008|Categories: Bill Quoted|Tags: corporate earnings, corporate profits, credit crisis, credit markets, economic slowdown, economy, market turmoil, recession, Rutherford Investment Management, william rutherford|Comments Off

Bill Rutherford Quoted By Reuters

US STOCKS-Techs rise, helped by falling oil price

by Walker Simon

* Oil price tumble helps techs, airlines, retailers
* Citigroup shares fall on CFO warning on write-downs
* Financials weigh on the broader market (Updates to midafternoon)

NEW YORK, June 19 (Reuters) – The Nasdaq rose on Thursday as top technology companies and other exporters benefited from tumbling oil prices, seen as easing strains on global economic growth.

But the Dow and the S&P 500 indexes were little changed, restrained by an extended slide in financial companies that was triggered by Citgroup’s warning of write-downs in subprime mortgages.

U.S. oil prices Clc1 fell $4.13 a barrel to $132.53 a barrel on the belief that demand will take a hit after China raised gasoline and diesel prices by 18 percent, its first domestic fuel hike in eight months.

Shares of big manufacturers, including Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) and DuPont Co (DD.N: Quote, Profile, Research, Stock Buzz), rose on the back of the lower oil prices. Retailers’ shares also benefited, with Costco Wholesale Corp (COST.O: Quote, Profile, Research, Stock Buzz) up 0.7 percent. Both sectors were helped by the view that lower oil prices would take less of a toll on business and consumer spending. […]

June 19th, 2008|Categories: Bill Quoted|Tags: dow jones, dow jones industrial average, economy, global economic growth, global economy, market updates, nasdaq composite index, new york stock exchange, Rutherford Investment Management, subprime mortgages, william rutherford|Comments Off

Bill Rutherford Quoted By Associated Press

Wall Street’s credit crisis heads into second year

by Joe Bel Bruno, AP Business Writer

NEW YORK (AP) – There are new signs that the worst of the global credit crisis is yet to come, and that banks and brokerages caught up in the market turmoil may lose $1 trillion by the time it has passed.

Major U.S. investment banks this week announced yet another painful quarter amid the implosion of mortgage-backed securities and risky credit investments. Regional banks have scrambled to secure fresh capital to stay in business, and by Wednesday there was new talk that embattled investment bank Lehman Brothers might be forced into a sale. […]

June 18th, 2008|Categories: Bill Quoted|Tags: credit crisis, david viniar, global credit, goldman sachs, international monetary fund, investment bank, lehman brothers, market turmoil, morgan stanley, mortgage backed securities, regional banks, Rutherford Investment Management, state treasurer, william rutherford|Comments Off

Bill Rutherford Quoted In CNNMoney.com

Wall Street starts laying election bets

The Republican-friendly securities industry has been backing Obama’s campaign but mostly because of his party, not his policies.

by Alexandra Twin, CNNMoney.com senior writer

NEW YORK (CNNMoney.com) — The fact that Barack Obama is now the presumptive Democratic nominee for president seems to sit well with Wall Street. After all, the securities industry has been funding his campaign for months.

However, the upbeat sentiment is more for the party he represents and its chances of taking the White House than his proposed policies.

It’s true that the Republican-friendly securities industry has been sending the most contributions to Obama’s campaign above all other contenders for months. But Wall Street is largely reacting to a mood change and antagonism toward Bush. Whatever happens come January, investors want to make nice with the party in power. […]

June 6th, 2008|Categories: Bill Quoted|Comments Off

Bill Rutherford Quoted In BusinessWeek.com

Investing: Keeping Inflation at Bay

The uptick in prices has business execs, Fed officials, and investment pros in a sweat. What steps should investors take now?

by Ben Steverman, BusinessWeek.com

After decades in remission, inflation is making a comeback. Rising prices already are making consumers miserable and squeezing corporate profits, but inflation also might cripple investors’ returns if they’re not careful.

It’s not yet clear that higher inflation is here to stay, but there’s no doubt the price of many basic materials-notably fuel and food-are skyrocketing. Once firmly established, inflation will be hard to dispel, and that worries economists, investors, and the central bankers who set interest rates around the world.

There are investing strategies that can protect portfolios from inflation-some of which we describe below-but few investors can fully escape inflation’s destructive influence on the economy and financial markets. […]

June 3rd, 2008|Categories: Bill Quoted|Comments Off