As more details of the National Security Agency’s (NSA) widespread spying efforts come to light, the companies complicit in these efforts — or even thought so — are paying the price overseas. In China, developing Asia and South America, sales for IBM, Microsoft, Hewlett Packard (HP) and Cisco products all have dropped significantly since allegations against the NSA came to light. Each company is assumed to have been involved. For example, Cisco saw sales for its top five emerging markets post year-over-year declines between 18 percent and 30 percent. While macroeconomic uncertainty may also be partly to blame, investors cannot ignore the fact that international sales are falling, when they should be rising. Is this enough to keep you away, or a momentary blip on the screen of profits.
After three years of court-wrangling and trade-offs, the Volcker Rule will be finalized today by the Federal Reserve, the Federal Deposit Insurance Corp. (FDIC) and three other agencies to restrict risky proprietary trading, while protecting economically essential activities such as market-making.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
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Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: