Nancy Lottridge Anderson, Ph.D., CFA, and her staff offer expert advice and personal service. We offer our services on an hourly or retainer basis for our clients. Our services include account management, stock and economic research, retirement planning, and 401k slate analysis. We manage investment accounts of any size and tailor the portfolio to meet your specific needs. For clients of ours, we are available to help with any financial situation you face.
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Monday, August 28, 2006
Ernesto's Save
Investors were worried last week that hurricane Ernesto would sail into the Gulf and hit oil refineries and drilling rigs. Thankfully, forecasters show Ernesto's path going up the East Coast - and missing energy facilities. This caused energy prices to drop dramatically, which helped stocks.
Wal-Mart had good news today, which announced August same-store sales rose 2.7%. Transportation stocks were also up, all helping set the pace for the Dow's finish at 11352.01, up 67.96 points. Not bad, for a hurricane-scared Monday. (I think I'll keep my TV tuned to the weather station, just in case!)
DJIA: +67.96
Nasdaq: +20.41
S&P 500: +6.69