Links and Reading for April 30th

April 30, 2009

Some of the more interesting and important items for April 30th :

Pandemic Alert Raised

April 29, 2009

An interesting chart from the World Health Organization.  Investors and fellow countrymen alike will have all eyes monitoring this situation as it continues to escalate.

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Swine influenza – update 5

29 April 2009 — The situation continues to evolve rapidly. As of 18:00 GMT, 29 April 2009, nine countries have officially reported 148 cases of swine influenza A/H1N1 infection. The United States Government has reported 91 laboratory confirmed human cases, with one death. Mexico has reported 26 confirmed human cases of infection including seven deaths.

The following countries have reported laboratory confirmed cases with no deaths – Austria (1), Canada (13), Germany (3), Israel (2), New Zealand (3), Spain (4) and the United Kingdom (5).

Further information on the situation will be available on the WHO website on a regular basis.

WHO advises no restriction of regular travel or closure of borders. It is considered prudent for people who are ill to delay international travel and for people developing symptoms following international travel to seek medical attention, in line with guidance from national authorities.

There is also no risk of infection from this virus from consumption of well-cooked pork and pork products. Individuals are advised to wash hands thoroughly with soap and water on a regular basis and should seek medical attention if they develop any symptoms of influenza-like illness.

Economic Data: Good News or Bad News?

April 29, 2009

Do you want the good news or the bad news? The bad news is that our economy has once again shrunk by over 6% in the first quarter of 2009 based on the annualized % change one quarter ago. The good news is that we are beginning to see some inflation. While generally, inflation from a consumers perspective is frowned upon, in the current economic environment however, it is welcomed with open arms. The Federal Reserve has been meeting over the past couple of days to review their current policies and you can be sure that controlling inflation while promoting growth will be at the top of their list.

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Courtesy of Economy.com

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Video: 10 Stocks that could Retest Their Lows

April 28, 2009

Here is S&P’s Sam Stovall discussing his thoughts on which stocks could get hit the hardest if we retest the November/March lows.

Earnings Season Update

April 27, 2009

So far, earnings season is off to a good start. At least that is what we have been told. Bloomberg is showing us that upward surprises now account for 16% of the 186 companies that have already reported in the S&P 500. As the latest FASB ruling has made a mockery of earnings, we should probably strip out the financial sector. With that,  we are down to a 11% surprise, which is still respectable considering the times. Read more

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