Weekly Wrap
September 15, 2000 | Weekly Wrap Archive »
Phew....what
a big week!! (Beware, I'm always going to say this.) But in all
seriousness, I didn't have much time to even watch the market this week
because from sun-up to sun-down I was building a house for Miss Toshia
James. The Chicks were in Americus, Georgia building a Habitat for
Humanity home. You can read about the Chicks on the Women Build
project on the Habitat
Message Board.
Believe me, it wasn't easy trying to build a house, from floorboards to
roof when our minds were still on last week's MTV awards. Did you see
Eminem? Well, I'm Trim Shady the Real Trim Shady, and if you want your
house-trim done, please stand up, please stand up. And then, on top of
that... the Emmy's! Can you say Big Week? With Will and Grace winning
the Outstanding Comedy Series...who can even think of Dow and Jones? Who
has time for the market?
Luckily for you, I've scanned the internet, and done a crash little
Market News watch on the TV, and have come up with all you need to know.
Companies that do a portion of their business overseas took a little dip
in the water this past week. The Euro has taken the proverbial dive and
it doesn't look like those companies' earnings are going to meet what
investors expect. Colgate-Palmolive (CLD), McDonald's (MCD), Dupont
(DD), Kimberly-Clark (KMB), Gillette (G), Clorax (CLX), Johnson and
Johnson (JNJ), Wal-Mart (WMT), and the Chick held Coca-Cola (KO) are in
some mucky waters.
Oracle, another Chick held company came out with their earnings during
the week. Yeee haaaa.....we are holding our beaks high as they kicked
butt. They also announced a 2:1 stock split to take place in October. If
you haven't read it here already, it's CEO Larry Ellison's goal to
squash Microsoft's Bill Gates as the number one software company, and
every day he gets a little closer. I wonder if Larry would like to go
build a Habitat home with us? The whole house is about the size of his
bathroom.
In other market news, get this... Ford (F) has decided to buy back some
of it's stock from shareholders. True Story! Even during a tire recall
debacle, they are comfortable enough with what's going on on the inside
that they want to buy back a larger portion of the shares owned by the
public. This was good news for investors as it's stock went up 2.2%.
Oh, and Friday was just a bummer of a stock market day. The Dow
closed down 160.47, the Nasdaq closed down
78.63 and the S&P closed down 15.06.
I thought I'd throw that in, in case you were at a dinner party this
weekend and someone tries to intimidate you. Grrrrrr.....
Gotta go, the Olympic games are starting...
Karin
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