Shares of Trinity Industries, Inc. soared more than 10% today on news of the reversal of a $663M judgment against the company.
You can visit my analysis of why I think TRN is good long-term hold for the serious dividend investor here (the stock is up a little over 36% since I first made mention of it on my blog):
A Street (Rail) Car Named Desire (Trinity Industries)
Every investor is waiting with baited breath to know what the Oracle of Omaha will do with this bundle of cash:
The last (and abbreviated) trading week of 2015 saw all but two of the indices closing lower. A December turnaround in the German market saw that country’s DAX index overtake Japan’s Nikkei 225 to emerge the top performer of 2015 with a strong return of +9.56%.
With the exception of Japan, investors enjoyed a Santa rally this week as six of the seven indices I track posted strong gains comfortably in excess of 1.5%. London’s FTSE 100 was the week’s top performer followed by Germany’s DAX and France’s CAC 40.
Each of the indices I track ended squarely in the red last week as negative news reports – corporate and economic – and large currency moves sent investors fleeing stocks.
The Chinese Yuan devaluation, disappointing Chinese manufacturing numbers, and poor earnings coupled with reduced forecasts from American blue chips Deere and HP were among the negative news bites which sent investors bailing out of stocks and seeking safety in treasuries.
On a more positive note, Germany’s DAX, France’s CAC 40 and Japan’s Nikkei 225 are still up 3.25%, 8.38%, and 11.38% respectively since the beginning of the year despite this week’s market carnage.
China’s recent decision to devalue the Yuan will have the expected negative effect on luxury goods purveyors, commodity producers, as well as any non-Chinese company that exports its products into China.
Instead of panicking – as most investors are likely to do – and selling your shares in these businesses, now may be the time for long-term investors to step back, assess the situation, and possibly take advantage of any fall in share prices.
For my first official post, I’d like to get things rolling with a bit of analysis. The Clorox Company and Church & Dwight Company recently released their respective earnings reports. In this post, I’m going to discuss which of the two companies I believe is the most attractive investment in the long run.
The Security Whisperer 