Retirees in USA go on austerity (they say)

Principle Financial Group's survey of 501 retirees have shown that there are 10 things that retirees are doing without now:

1) Meals Out

2) Balmy Temperatures

3) New Clothes

4) New Books and Movies

5) Impulse Purchases

6) Home Improvement Projects

7) Debt

8) Pricey transportation

9) Bigger Homes

10) Travelling the world

In what seems to be self-imposed austerity measures in the states, that leaves the retirees to..... do nothing?

The list above is pretty all inclusive! 

AIG - why did I not put my house on you?

I was shocked to see the price of the AIG shares (American Insurance Group) today rose from a low of 8.52 to a high of just over 55 this year, after a share split.

Looking deeper into the AIG story poses the question as to whether this is prolonged hype. 

Having a look at the P&L for the year 2008 and 2009 it is alarming to note that the company is still in an operating loss position of $12bn dollars. How was it possible to almost octoply your money on this result?

The answer? Assets ... lots of assets... and lots of rich cashed up investors in the pot. AIG enjoys a great net asset balance of 69Bn which leaves at least 5 years left in the coffers at this year's loss rate before it's wiped out.

The second thing is that AIG is an everyday business for people - as long as people hold policies and pay premiums the liabilities reduce each year that there is no disaster.

Maybe that multi-million dollar executive pay package and christmas party was worth it after all... the shareholders who bought into the dips would be celebrating!

Got a Topic you want coverage on? Let me know! 

What's Up Jono ? www.whatsupjono.com Finance, Breaking News, Opinion, Trends, Charts.

The Lodge is Empty

They certainly don't stuff about in the Labor Government. 

Today Kevin Rudd moved out of the Prime Minister's Lodge only a few days after stepping down as PM.

The Third Depression - Krugman

NY Times columnist, Nobel Laureate and LSE and Princeton prof Paul Krugman penned an opinion article about our world economy today. 

He describes with some alarm the fact that government fiscal policy and monetary policy from central banks is reflecting a balanced economy stance in a situation where the economy is inherently imbalanced.

Krugman concludes that without greater austerity (alike what was seen in Greece and Ireland) the world will pay by deflation and organic decay of each economy. 

Looking at the glossary of the Economist.com a depression is termed a period of prolonged decline in output (greater than 10% which is termed a slump). 

The figure below and the following article from the IMF show a case in point - there has been a steep decline in the world economy - and more in the developing economies. 

Are we in a Great Depression? The figures above are not at 10% lower for a prolonged period of time, but they're not pretty. Recession, Slump or Depression careful watching is required. 

Got an opinion? Make a comment - click below. 

What's Up Jono? www.whatsupjono.com Finance, Breaking News, Opinion, Charts.

 

Cash is King - Week in Review

What a tumultuous week for the Stock Market. This week saw almost 5% shaving of the Dow Jones. From the sunny shores of Sydney, news of a Prime Ministerial shake-up and a devastating knock out of the world cup seemed more worthy of headlines - but the impact is clear.

Another wrap, many readers may remember that I had spoken to a friend ("Tripod") earlier and put a gentleman's bet down on where we thought the Euro was headed about a month ago. 

I'm glad to say that despite the initial faltering, i'm now back to square one - even stevens. The Euro bouncing back to 1.25 last week amidst weakness and news of China's pegging to the HKD instead of the USD.

Indeed the poor performance above, is mirrored in our Blue Chip Challenge - where our 5 amateur investors (much alike Masterchef) are facing off against the market for the glory. 

This week proves cash is king in downward cycles. Whilst the competition is still young - cash is the only portfolio to bring positive returns this week and takes an early start.

The best performing portfolio (the smallest loser) is Helen, whilst alas I have the weakest portfolio for the week. Luckily I don't have to face an elimination test of any sort. However, I do need to explain myself.

This week my portfolio was battered by sharp declines across the board. My achilles heel was BP which was hammered after more negative media and estimations of cleanup costs were also met with talks of a hurricane offshore from the site of the spill. Australia wasn't much better, banking took a hit this week - both NAB and CBA were lower. My star stock American Express was higher for the week - but this was not enough to hold the fort. 

See the original stocks each contestant has put up here

So we're low this week. However, how low can you go? We have seen that the Dow is reluctant to be lower than 9000 so what will next week hold? Bring on the new week!

Kevin Rudd resignation

What's Up Jono? www.whatsupjono.com Breaking Business News, Analysis, Trends, Charts and Opinion

Longest Tennis Match in History

The Longest Wimbledon Tennis Match in History is currently underway and still going!

 

American John Isner and Frenchman Nicholas Mahut are currently locked in a 5 set 163 game match.

 

The match features world records in both games, time (10 hours), and Aces (98 for Isnich, 95 for Mahut).

 

Who will win?

Julia is the Next PM

Australian History was made today as Julia Guillard was made Prime Minister after Kevin Rudd stepped down.

 

The Rudd Government came under fire after quick successive announcements of taxes starting with cigarettes, alchahol and most notably the mining superprofits tax.

 

The move arguably strengthens the Liberal Oppositions position as it does not appear that Guillard has changed her cabinet as yet. However this is likely to change over time.

 

Guillard is the first female PM in Australian History.

 

 

 

Up and Down

The US market has dropped 1.43% this week after reaching a high of around 10,600.

Although the volatility of the market is still there, the index is back to 2006 levels.

The question being, does this indicate fair value has been reached? If the index was a stock, any holder of that stock would be 40% lower than in 2007 highs.

Twiggy Winner!

Fortescue Metals Group - owned by Perth based billionaire Andrew Forrester ("Twiggy") has enjoyed a wonderful run for the last 5 days. The share price started last week at $4.10 and is now up at $4.60 -just under 10 percent.

Forrester has been vocal in his criticism of the Australian Mining "Super Profit" tax which the Federal Government announced a few months ago.

Does this signal a change in the tax laws, one would wonder?

Blog Update

Hi Everyone. After trialling the new and improved blogger design templates I've opted back for the older one. This will make it easier to navigate around my blog and will load quicker.


The perfect page design is still a work in progress! enjoy the Renaissance.

Bluechip Challenge 1 - Here we go!

Here it is. The Blue-Chip Challenge

This challenge, 5 budding stock tipsters selected 10 stocks each (half from Aus and half from US). The rules are simple. 10 securities, $1m to invest in each, 3 months. We will track this every Monday for the duration of the competition.

There are 5 contestants this competition: Helen, Pierre, Vince, Vicks and myself. I'll feature more bio's and comments as the competition comes along.

However, to the exciting stuff. Here are the picks of our contestants.

Helen : University Student, Aspiring Investor

Helen appears to have gone diversified across the board with staple stocks and blue-chips. She also takes out the prize for the most expensive stock, Berkshire Hathaway at a whopping 120,000 each.

Commonwealth Bank, Woolworths, General Property Trust, Rio Tinto, BHP
Kelloggs, Walmart, McDonalds, JP Morgan, Berkshire Hathaway

Pierre : Fortune 500 Finance Manager

Pierre favours resources, finance and technology. All seemingly safe bets with the exception of BP. However, I have also chosen this.

Commonwealth Bank, BHP, Rio Tinto, Lihir Gold, Newcrest Mining
Intel, Exxon Mobil, Apple, Goldman Sachs, BP

Vince : Big 4 Accountant


Vince has gone across the board in Australia with banks, resources, retailers, agriculture. However he favours technology in the US.

BHP, Westpac, JB Hifi, Wesfarmers, Fortescue Metals
Microsoft, Apple, Research in Motion, Qualcomm, Costco

Vicks : Big 4 Banker - Strategy

Vicks has gone off the beaten path and chosen some unheard of stocks and funds. Go the specs Vicks - you seem to know something we don't!

Brambles, Energy Resources Australia, James Hardie, Santos, STW ASX 200 Fund
Best Buy, Diamond Offshore Drilling, Garmin, Coca Cola, Apple

Jono: What's up Jono Specialist

In Australia I have opted for a banks, gaming and the juggernaut BHP hoping for a mining resource rent tax repeal. In the US I have gone for my beloved American Express and taken a punt on BP and Citi which I think are oversold. Finally Xerox and H&R block are my safe-bet value buys.

BHP, Aristocrat Leisure, National Australia Bank, Commonwealth Bank, Tabcorp
Amex, Xerox, H&R Block, BP, Citigroup

Watch this space! Good Luck Contestants!


GOT A QUESTION? Leave a comment at the bottom of the page.

What's up Jono? www.whatsupjono.com Breaking Business News, Analysis, Trends, Charts and Opinion

Long Term Gold

This one's for Jason from Turkey.

It's so great that this blog is getting readership from all over the world. Thanks for the question (although apologies that I didn't see it until now as it was hidden in the comments view). I'll set up an email for questions shortly.

Jason asked what my view of Gold in the long term was. 

The chart below from here shows the price history for gold over the shorter term. The gold prices have hit successive new highs in the last few months.

Tracking back to 2008 and 2007 the gold prices averaged between 500 and 800 dollars an ounce which show that either the dollar is weaker today vs gold or there has been increased demand in gold.

However looking at the dramatic increase in the price of gold to almost double that of 2007 levels would indicate that something has changed in the game. Either gold is suddenly in short supply (scarce) or the demand levels have sky rocketed (selling like hotcakes). 

The latter appears to be a reason that gold has risen and is tipped by this article to double by 2015. The article evidences growing demand for Gold in China and India from increased wealth - meaning that the market and pie for gold is larger now. Indeed, according to China Daily in 2009 there were 825,000 millionaires in China. 

According to Wikipedia (alas public information but maybe not accurate) consumer gold jewelry accounts for over 52% of all gold world wide, followed by Central Banks (18%), Investments (16%) and industrial gold (12%). 

So, if China and India are getting richer and do love Gold... it could be plausible that gold will rise in the near future as more people get rich. 

So, what is my position on Gold? I hold no position. I can understand the case for demand and wealth but believe that the technical analysis and world economy are too weak to say this will hold. I would not be comfortable investing in gold at the moment. 

My money remains on a relatively safe bet... like the Lakers to winning the NBA Championship (yes!) or Brazil or Germany winning the World Cup.

C'est la vie. Let's see what happens, Jason.

What's up Jono? www.whatsupjono.com Breaking Business News, Analysis, Trends, Charts and Opinion

BP puts aside $20Bn guarantee to clean up oil.

When a company can put aside almost as much as a country (Japan) you have to stand back in awe.

BP has put aside $20Bn in funding and apologised for the largest environmental disaster in history today.

The move comes after pressure from both Barrack Obama and the US grew over the last two weeks and the press featured some shocking photos of the disaster.

BP's share price remains as choppy as the handling of the disaster.

What's up Jono? http://www.whatsupjono.com/ Breaking Business News, Analysis, Trends, Charts and Opinion

Japan Hand-outs

Japan has released news of a new Government stimulus package which will hand out $33bn dollars to big business for investment in Japan. The stimulus package seeks to boost the environment, aged care and tourism in the economy.

However, the article goes on to suggest that this will have little to no impact on Japan as company surplus figures will avoid the necessity to take the government stimulus package and the package is largely a precautionary measure to safeguard against a Greece-like situation.

The impact was virtually neutral on the Nikkei 225 which was up 8 points or 0.08% for the day.


What's up Jono? www.whatsupjono.com Breaking Business News, Analysis, Trends, Charts and Opinion

You can't rely on our sporting teams, but... look at this Come on, Aussie!

The Australian Dollar has reached lofty heights last week (despite the poor performance of the Socerroos!)

Reaching a tip of just under 0.87 to the USD this was a surprise rise in the dollar after woes about the mining superprofit taxes but mirrors increased buoyancy around the US recovery.

Where to from here? I would like to say up, but realistically the quick increase would indicate speculation and I believe this will fall to 82/83 cents this week.

What's up Jono? www.whatsupjono.com Breaking Business News, Analysis, Trends, Charts and Opinion

The Business Reason for the World Cup

As the World Cup fever rises slowly tonight in Sydney (pictured below) all soccer fans and patriots alike await the month-long tournament of soccer, the world's most celebrated game.

However, as we look into this once-every-four year behemoth of an event, I wonder what the context and the finances are saying for the FIFA team and look into the 2009 financial statements. What is FIFA really in business to do?

There are possible missions that I thought about that bring with it a few interesting facts that you can bring with you into the World Cup and quote.

1)FIFA is in the business of making employees rich.
73% of expenditure is directly invested back into the game of football
From an accounting perspective this means that 23% of the expenditure is not invested in football. I thought it was a little funny to quote an expense figure as an investment target. Usually I would expect it to be a percentage of profits. However, the expenses grew steadily from around 500M a year to around 800M a year in the last 3 years. This would suggest that over the last 3 years approximately $207M was non-football related expenditure. Don't be alarmed. When you look at the projects on offer and the development funding that is being pooled this figure is reasonable.

2)FIFA in in the business of advertising
Two words. Revenue Streams. FIFA relies on a variety of revenue streams for success. Most of these are linked to TV broadcasting and marketing (which are 90% of the income streams). In fact in 2009 the total revenue from these streams was just over $1bn dollars which underlines just how successful the World Cup is in bringing people together but more importantly for business.

3)FIFA is in the business of acquiring assets and holding cash. Lots of it. muhuhaha.
Debt Ratio. The FIFA asset base is relatively large and with a debt leverage ratio of roughly 50%. Looking at the 2009 cash balance of 1.44 Bn you think ... wow that's a lotta money! It's got to be sitting in one big bank account.

4)FIFA is in the business of developing football - a $2.4Bn investment in football
The biggie for FIFA is the business of developing football. Looking at the development of new stadiums, growing the game, training and international coverage there is just under $2.4Bn invested by FIFA - no wonder half the world plays soccer.

The conclusion?
As we enter the World Cup it's clear that financially FIFA is all of the above. However, the business of developing football is the predominant theme for FIFA, and interestingly it is more than just football that the world gets. Internationalism, cultural understanding and a genuinely entertaining tournament that brings as much the local patriots as the globe together.

I can't think of anything better. All we need to find out now is what the World Cup Song this year will be!

Happy Watching!

What's up Jono? www.whatsupjono.com Breaking Business News, Analysis, Trends, Charts and Opinion

www.whatsupjono.com launched

Dear Readers

Welcome to the new and improved website. You can now find news on www.whatsupjono.com which is slightly easier to remember.

We're always looking to increase our readership so if you can tell your friends and also request topic coverage that would be fantastic.

Our readership is diverse at the moment with readers from the UK, USA, Canada, India, Turkey, Singapore and the expected Australia. However with your help we hope to be on the favourites and feed lists of more people around the world.

Keep your eyes peeled for some more great interactive tools on the site and as always send your comments and don't be shy in voicing your views on the finance news.

Ideaman.

What's Up Jono? www.whatsupjono.com

180 Degrees and turning.

Just when you thought it was about time to short BP shares and reap the longer term rewards from the largest environmental disaster off the United States coasts in history...

This is a truly volatile market. After the release of positive export data from China and with renewed strength in the GBP the stock rose just under 10 percent today.

This underlies just how highly strung today's markets are but also bode well for global recovery despite the European woes.

What's Up Jono? www.whatsupjono.com

Germany says No

The German Government has knocked back a request from GM to rescue Opel earlier this year.

Reading the following article one can understand why this is a good thing.

1) GM (the owner of Opel) has registered a profit worldwide of $865M signalling a rebound in profitability yet it still applied for financial aid from Europe
2) GM was involved in sale discussions to a Canadian Consortium but did not follow through late last year
3) By rejecting the aid, the US would effectively need to fund the Opel Rescue.

And ... of course... it's not a Porsche, just an Opel!!!

What's Up Jono? www.whatsupjono.com

Bonjour, oui oui, non non?

Having just started taking French lessons, this is an ode to Francais.

Whilst I was starting my elementary studies in all things un, deux, trois we learnt how to count to forty today - which reminded me of the CAC 40, or the cacquarante.

Looking over the longer term this looks like a value buy. The index technically looks like it has steadily grown over the last year or so as opposed to the Dow which had recovered to 70% of the previous high.

Over the next few days I'll look at the other Euro markets to see whether the story is congruent.

What's Up Jono? www.whatsupjono.com 

the great 'English' channel

One for the itchy traders... or budding punters

 

This is a great article that outlines the concept of trading channels and suggests a strategy for risk management.

 

By using technical analysis on a short range target - the idea is that you can automate a trade to reduce risk (but not protect against a dollar loss).

 

However, this should help you sleep at night... if you don't kick yourself in the morning when it hits your stop and  bounces the other way.

 

 

Aussie Dollar also dying

The Australian Dollar has followed suit with the Euro and taken a battering over night.

This is not a good week to be Australian!

What's up Jono? http://whatsupjono.blogspot.com/

Euro about to die?

As we eagerly follow the economy and the European situation, some of us have put our nose to the line and made our opinions on certain items, such as the EUR/USD cross rate.

Last week I discussed this with a friend of mine nicknamed Tripod. Where he thought to short the Euro would be a no brainer and I was of the opposing buy view.

It looks that he is turning out to be correct, initially. The Euro has hit a 1 year low vs the USD this last week. However, with it being 2 cents below the previous low - and with the last drop on Friday being a massive 4 cents... who's to say there is any support of a stronger Euro.

I feel a bit duped actually, kind of like when I stayed up late to watch our Australian Samantha Stosur get whipped in straight sets at the French Open finals only to give in to a fiesty and gutsy Italian Schiavone. 

We wait and watch.

What's up Jono? http://whatsupjono.blogspot.com/

Gold going to 1300?

I remember studying economics in year 11 highschool (oh so long ago) and reading about the gold standard. The gold standard - before the times of floating forex was the only thing that retained its value.

It follows then that as the world economy weakens that people flock back to gold as a safe haven. However lately the price of gold itself has become subject to hot speculation which has driven the price from around $800USD per oz to over $1,200USD per oz.

In fact along with this you can see that there are many more gold-buyers in retail now - who are looking to buy cheap and resell on the market.

On closer inspection at the gold futures market we can see that gold is indeed at a 10 year high along with increased volatility since late last year (longer tails on the chart points).

With increased focus and interest on Gold there is speculation that it may reach 1300. Will it? 

Maybe... but that's a big risk to take for an extra 100 bucks! I think a 1300 figure seems unlikely based on the chart above. In fact this chart reminds me of a Kobe Bryant basketball game and a strong fourth period. However, even Kobe needs a break and has form slumps. This run looks way too good to be true.

What's up Jono? http://whatsupjono.blogspot.com

BP - Share price back at post-GFC levels

After last week's BP ironically un-capped oily share price slide I thought that this stock warranted further investigation to see just how much strife the company is really in.

As you can see above the company share price is hovering at around $38-$40 dollars which is well off the high for the year of $62 dollars. However, looking back at the history of the price - the last time that share price was around this range was in February 2009 - after the global financial crisis when the oil price dropped significantly to the $40/$50 a barrel mark. 

Furthermore, after mounting tensions in the US it appears that BP is looking at extra clean up costs, loss of asset and reputation and all still whilst the leak has not been fixed. 

What's up Jono? http://whatsupjono.blogspot.com 

Milestone Reached! 1000th Visitor!

Dear readers, thanks so much for clicking in each day to whatsupjono.blogspot.com it's been a quick ride to 1000 hits - but there's alot to look forward to. I decided to coin the catchphrase 'subscribing means thriving' to this blog and I hope that you will share in that vision and participate with any comments, writing or suggested articles when they come to mind.

I've added a subscribe button to the top of the blog now - so it's easy for you all to subscribe to RSS feeds and keep my news at your fingertips!

Thanks for all the support and a special thanks to Auvik who clicked the 1000th time whilst I was discussing the longest blog posting to date on the mining superprofits tax. Thanks Auvik! 

Look out for the upcoming BlueChip Challenge kicking off on the 15th where some stock savvy readers go toe to toe and put all glory on the line for the best 3 month return. 

Happy Reading! Thanks again. 

Yours, Ideaman.

What's Up Jono? http://whatsupjono.blogspot.com

Long or Short? or somewhere in the Middle?

To the non financial readers of my blog you may not be familiar with trading terms like long and short. In essence they are fancy terms for buying (long) and selling (short) securities with a view to trade (make profit / hedge).

The currency of the moment at the moment is the Euro. With all of the worries in Spain and Greece and dissension amongst the European Union member states it is no wonder that the dollar is highly volatile and has fallen quite steadily (not quite a cliff - but a slippery slide?). But the question is what will happen going forward?

It was this very discussion I was having with my friend and mentor from London who we shall call Tripod (yes believe it or not it is his nickname and as far as I know he's not a cameraman). Tripod and I were having a discussion on the direction of the EUR/USD cross rate. I will fill you in and you can make your own assessment.

My View was based off the last few months:

As you can see here this chart is basically slippery slope but nevertheless the bottom of a slope - go Long obviously.

However Tripod's view was a long term view

It's a very interesting case in point of context and how the market runs. Tripod was of the strong opinion to short this heavily at 1.25 (and gave me permission to quote that magic figure - although we of course do not accept any liability if you do it - and you shouldn't do it in my opinion!)

You be the judge, I'm not so sure of a decline... but tripod with his three firm legs planted on a short sell have spoken.


What's Up Jono? http://whatsupjono.blogspot.com

Spending big but saving little?

Last week I featured a posting of a Tiffany and Co increase in earnings. It seemed at last that all the high end spending had returned to the market and finally there was something positive to talk about.

However, today with May retail data being released it appears that the opposite is in fact true for the lower end of the market where retail sales appear to be in decline. For those who love the US you will know how good the shopping culture is. You haven't seen a sale until you have seen the likes of  JC Penneys and  Macy's (my personal favourite). However both these stores reported sales declines during the month.

The true test for retail however will be the relatively staple products where items like food, beverage, clothing and gasoline sales would indicate whether or not to worry. In all these cases the report shows that sales are behind the prior month but still well above 2009. Still the fact that sales are a few billion less than last month are what will drive sentiment.

On a positive note, after including motor vehicles and cars the retail sector should be $1.5bn ahead of prior month.


What's Up Jono? http://whatsupjono.blogspot.com

Forclosed US Mortgagee's using houses as a 'life raft'

Despite being a big fan of the US, they do have the phrase "Only in the USA" that goes with the silly and outlandish things that you wouldn't expect to happen. Things usually associated with people smoking during pregnancy, being able to buy a gun in Walmart for $34 dollars without a licence (Texas) and having more types of Hershey's bars than you can think of. 

However, has the US started to get too exorbitant and used to the 'high' life of debt? 

This NYTimes article  indicates otherwise. Instead of handing back the keys to foreclosure - the latest attitude is 'come and get me', leaving banks and agencies to follow up with the paperwork and administration. According to the article borrowers in foreclosure twice as long as their contracts to vacate the house- and average 438 days (over a year!) and spending the cash now instead.

Only in USA can you find bankrupt squatters still spending borrowings against non existent capital.

Next stop Europe?

What's Up Jono? http://whatsupjono.blogspot.com

BP in a slicky situation

With British Petroleum now being investigated for criminal behaviour its stock price plummeted overnight leading the Dow Jones rebound over the 10,200 mark in tatters.

What's Up Jono? http://whatsupjono.blogspot.com

Smiles all round for Aussies?

Can you see the smiley face this graph makes?

Imagine a typical job as a FX trader on this particular graph. It's not actually a smile at all... but more like a rollercoaster... with lots of jagged bumps. 

I have a sick stomach just seeing this.

What's Up Jono? http://whatsupjono.blogspot.com

Virgin Blue Australia falls off a cliff!

Following up from last week's story of Virgin Blue Australia shares dropping 29% on a shock earnings announcement, stock continued to fall today with another 7% falling off the company's already miniscule share price.

Watching the graph reminded me of an old computer game I used to play called Lemmings where you were in control of little critters with green hair trudging around the screen who would jump off a cliff if you didn't control them.

Unfortunately there's nothing controlling this stock or its investors doing so. I'd cry if this was my stock.

Does Roger Federer uplift?

OK Mark, you asked for it - here you go. How do you tie Roger Federer to stock prices?

Well a few things come to mind. Nike, Gilette and Rolex to say a few.

Backtracking the Fed's illustrious record I have found that he is the most highly paid tennis star in the world but also that he sports a contract worth $13 million a year with Nike which originated in 2002 and that was renewed in 2008. He also signed a 2007 deal with  Gillette worth  somewhere between 10 and 20 million.

Let's see how he stacks up.

Nike. 

Just do the maths. Just do it. OK Roger may not be the sole contributer to Nike's 1bn a year profit. However, from the years from 2000 and 2008 the Nike share went from 20 dollars to over 160 dollars (After a 2 for 1 split) a massive 8 times the levels it sat at just a decade ago. Not quite 14 Grand Slams but I'd be pretty happy with that return.

Gillette. 
(Proctor and Gable)

Roger was the best a man could get. Shares rose from around $65 to over $70 dollars the year he signed the deal. A respectable earning. 

Finally, although it has nothing to do with Roger, I had to feature the real FedEx shares

Federal Express

Wow an uplift of over 300% over the same period. If you invested, 'your package is on it's way' via a big fat wad of cash.

Conclusion
So the conclusion is anything that has the words Fed associated with it will be profit makers.

Except... of course this Fed which is seeing red and has lots of Ben's and Paul's and George's associated with it.

What's Up Jono? http://whatsupjono.blogspot.com