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Daily Archives: November 8, 2010

Taking Stock of Global Stocks

November 8, 2010
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September 30 was the end of the third quarter, and when the quarter clock ticks over, I like to take a look at how markets around the world have performed.  You know, see whether “my guys” (emerging market stocks) beat the developed world or got crushed like one of those toy cars under the feet of Godzilla. I get my data from the MSCI/Barra website, which will (if you know where to look) give you access to the performance of every developed, emerging or frontier stock market index in the world for any period from the previous day to...

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Casinos Bet on Emerging Markets

November 8, 2010
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Next week, I’ll be attending a conference in Las Vegas and while I doubt I’ll do much gambling, many others are flocking to casinos there and abroad as the economy recovers. Just last week, in fact, Las Vegas Sands (LVS) crushed analysts’ estimates for the third quarter. The company reported earnings of 34 cents per share versus three cents a year ago, blowing away forecasts of 23 cents. And Las Vegas Sands’ revenue soared 67% to $1.91 billion, coming in above estimates of $1.8 billion. The growth was largely fueled by solid growth at the company’s Sands’ Macau property...

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