After Market: China's Exports and Crimea's Crisis Leave Investors Uneasy

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Stocks retreated on Monday due to new concerns about the pace of economic growth in China, and the on-going tensions in Ukraine. The Dow Jones industrial average (^DJI) fell 34 points, but that was well higher than its worst level of the day. The Nasdaq composite (^IXIC) lost less than 2 points, and the Standard & Poor's 500 index (^GPSC) dropped 1 point.

Chinese exports fell far more than expected last month, putting downward pressure on the stocks of a number of big industrial players. Alcoa (AA) and Freeport McMoRan (FCX) lost more than 2 percent, and Peabody Energy (BTU) fell 3 percent. Cliffs Natural Resources (CLF) lost 4 percent. It was also downgraded to 'sell' by Axiom.

Boeing (BA) lost more than 1 percent on news that cracks have been discovered in the wings of some 787s. And General Motors (GM) lost 1½ percent following reports about how difficult and expensive it could be for the company to repair the 1.6 million cars it's recalling.

On the upside, fuel cell stocks remained hot. Plug Power (PLUG) jumped 25 percent. That's on top of last week's 77 percent surge on news of a deal with Walmart (WMT). Over the past year, Plug has gone from 14 cents a share, to more than $10 a share today -- a gain of more than 7,000 percent. And that's helping other players in the industry. Ballard Power (BLDP) soared 30 percent, Hydrogenics (HYGS) up 16 percent and Fuel Cell Energy, up 11 percent.

Merger and spinoff news sent several stocks sharply higher. Some newspaper companies gained on word they're looking to sell the consortium that owns Cars.com for $3 billion. McClatchy (MNI) jumped 14 percent, A.H. Belo (AHC) rose 5 percent and Gannett (GCI) gained 2 percent.

Chiquita Brands (CQB) gained 10 percent. It's merging with an Irish rival.

Chip-maker Montage Technology (MONT) jumped 20 percent after getting a takeover bid from a Chinese company. And FMC (FMC) rose nearly 7 percent. It's splitting itself into two publicly traded companies.

Finally, Herbalife (HLF) gained 2 percent. The New York Times reports that hedge fund manager Bill Ackman has made extraordinary efforts to prompt federal regulators to investigate Herbalife. Ackman has made a $1 billion bet against the company -– so far, a losing proposition.

What to Watch Tuesday:
  • At 10 a.m. Eastern time, the Labor Department releases its survey of job openings and labor turnover for January, and the Commerce Department reports wholesale trade data for January.
These major companies are scheduled to release quarterly financial statements:
  • American Eagle Outfitters (AEO)
  • Caesars Entertainment (CZR)
  • Dick's Sporting Goods (DKS)
-Produced by Drew Trachtenberg.


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alfredschrader

Also on here is an article about three steps you can take to save money on gas but no comment section so, I'm commenting here.
The three suggestions offered are great, but here are some insider secrets:
Anything that makes your car roll easier will save you gas and tire money. You enemy here is friction - the lighter your car is, the less downward force it applies to your wheels and the easier it will roll. Clean out the trunk and remove anything from the car not essential. The idea is to eliminate weight.
Under inflated tires don't roll as well as properly inflated tires - check the pressure. Low tires can increase gas use by 10%. An inexpensive power tire air compressor is a good investment - most of them have built in pressure gauges. The pressures are listed on the tire placard located inside the driver door gap.
Gas consumption is measured in miles per gallon - the fewer miles you drive, less gas you use, and less money out of your wallet. On here Mapquest is a great way to find the shortest route.
And of course combine your trips in an all at once loop (work, groceries, errand).

All cars run on something called a "mixture". What a mixture is, is a ratio of gas and air fed into your engine. The most efficient ratio is 15 to one or 15 parts air to one part gas.
If your engine air filter becomes clogged, it will restrict the air flow and your engine will compensate by ******* more gas - air is free, gas aint. A fresh clean air filter is imperative.

Consider some other form of transportation, like a bicycle or public.
Alternates not only save you gas but they save you tire expense and increase the trade in value of your vehicle by not spinning the odometer.

March 10 2014 at 5:56 PM Report abuse rate up rate down Reply