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Stocks on Track for 6 Weeks of Straight Gains, US Economic Measures Show Promise

By: , dated August 17th, 2012

Weekly Wrap Up

This past week had mostly light trading but most stocks continued to push to what might soon be six straight weeks of gains. Several important reports were released throughout the week. Consumer sentiment was said to have increased in the month of July and home builder confidence was said to be at a high. Retail companies such as Gap (GPS: Charts, News) posted positive earnings and increased their outlooks. Facebook (FB: Charts, News) dropped to record lows early in the week and Groupon also struggled with losses.

Earlier on there was weak economic data from Asia but made up for it slightly by the end of the week. Late on Friday global shares rose after the German Chancellor publicized her support for the ECB and investor sentiment was lifted. More Market News

Economic News

Consumer Sentiment Hits Three-Month High in August
U.S. consumer sentiment improved in early August to its highest level in three months as sales at retailers and low mortgage rates spurred Americans to buy more.A separate gauge of future U.S. economic activity also improved in July. Source: CNBC. Click here to read the full article
Unemployment Rates Rise in 44 States in July
Unemployment rates rose in 44 U.S. states in July, the most states to show a monthly increase in more than three years and a reflection of weak hiring nationwide.The Labor Department said Friday that unemployment rates fell in only two states and were unchanged in four. Source: USA Today. Click here to read the full article
Fannie and Freddie to Pay Out All Profits
Fannie Mae and Freddie Mac will pay all of their earnings to the taxpayer as part of a package of measures to wind down the troubled mortgage finance agencies more rapidly. Source: Financial Times. Click here to read the full article

Business News

Groupon Stock Caps Off a Week of Lows
Another day, another low for Groupon’s (GRPN: Charts, News)stock.The online deals company issued a lackluster quarterly report after the market closed on Monday. Since Tuesday, the stock has hit a new low every day. Source: ABC News. Click here to read the full article
Cisco Bondholders Acquiesce to Dividend Rise
Bondholders are giving Cisco Systems Inc. (CSCO: Charts, News) a free pass on its plan to reward shareholders with half its free cash flow this year as the biggest maker of computer- networking equipment cuts prices and jobs to increase profit. Source: Bloomberg. Click here to read the full article

Technology Focus

Google, Apple to Team Up and Buy Kodak Patents, Report Says
Companies that seemingly hate each other in the mobile space are teaming up over Kodak’s patents, a new report claims. Source CNET. Click here to read the full article
Finding the Facebook Magic
Want to better understand the crazy world of technology stocks? That requires having a grasp of something that can best be described as the curse of the ordinary.What’s more, that curse could mean that Facebook (FB: Charts, News), already down by nearly 50 percent from its offering price to roughly $20, could drop to less than $10, if you consider valuations. Source: NYTimes. Click here to read the full article
Twitter to Developers: Cap Those Apps!
In a move to regulate how users access its microblogging service, Twitter announced new restrictions that sternly discouraged independent software developers from creating Twitter apps. Source: CNBC. Click here to read the full article

Your Money

How to Be a Better Procrastinator
You may ask: Why should I want to know how to be a better procrastinator? Being a procrastinator isn’t as bad as being, say, a serial killer. But isn’t it on the same level as being a shirker, a lazy slug, a worthless idler? Procrastinators are unproductive. No one should want to know how to be more unproductive, right? Source: WSJ. Click here to read the full article
3 Ways to Reinvigorate and Refocus Your Business
As an entrepreneur, it’s easy to get stuck in the weeds of your business, spending each day fending off the deluge of incoming emails and putting out fires. But just because that’s an easy mode to be in, doesn’t make it a good one. And it doesn’t take much time in this routine before your work will start to feel tedious and your business stagnant. Source: The Daily Muse. Click here to read the full article
This article was brought to you by the InvestorGuide Staff Writers and Editors.

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