America’s Big 3 automakers became America’s Big 2 automakers yesterday. After a lengthy negotiation process, Italian car company Fiat finally acquired a 100 percent ownership stake in Chrysler. The European company had jointly owned Chrysler with the United Automobile Workers (U.A.W.) union since 2009 when the U.S. carmaker emerged from bankruptcy. By purchasing the union’s remaining 41 percent stake, Fiat closed out a deal worth $4.35 billion. This purchase makes Fiat the world’s seventh-largest car maker. Remarking upon the deal, Robert Naftaly, chairman of the committee that governs the U.A.W. trust, said, “We reached a successful conclusion that will benefit the trust’s retirees… this was always our goal.” The question now is this: Will this deal benefit the company’s investors?
It was a positive week for U.S. markets, with the S&P 500 up 0.27% and the NASDAQ jumping 1.02%. Global markets continue their relentless grind downward with the MCSI Emerging Markets Index falling 1.22%.
Your Alpha Investor Letter portfolio had a much better week overall. Big gainers included Visa Inc. (V), which spiked 4.17%, and The Blackstone Group (BX), which rose 2.65%. In addition, WisdomTree Japan SmallCap Dividend (DFJ) ro
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
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:
Get free access to "Millionaire Maker" Hilary Kramer's latest report 3 Biotech Breakthroughs To Bank On. Simply tell us where to send it in the box below.
*Along with my FREE report, Hilary Kramer's
3 Biotech Breakthroughs to Bank On, please also send Hilary's free weekly e-letter, Trading Desk. We value your privacy. You will not be spammed, ever. Period.