Are These Stocks Tricks or Treats?
Three tricks and three treats for Halloween.
Stock investors have had plenty of treats during the last 12 months. From Halloween 2009, the Dow is up more than 15%, and there have been some other pleasant surprises along the way. Corporate earnings have been surprisingly strong as management teams find ways to keep profitability high, end demand in the United States has seen some signs of life, and emerging markets appear to be solidly back on track.
But there were plenty of tricks to be had, as well. The sovereign debt crisis in particular gave investors around the world quite a fright. And even though the menace seemed to have been contained with a massive European Union/International Monetary Fund bailout like a zombie from a bad horror film, fiscal worries keep popping up around the world. Closer to home, unemployment remains frightfully high, and the prospect of another round of quantitative easing is making many nervous.
Jeremy Glaser does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.