Word: sectored
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...report strong first-quarter earnings. (There will be real pain if they don't.) While S&P's earnings are anticipated to be off nearly 9% for the first quarter, drug companies' profits are forecast to increase more than 12%, according to researchers at First Call/Thomson Financial. The sector's bottom-line growth should accelerate to 14% for the year; the overall S&P will barely break even...
Health care faces fewer competitive pressures than virtually any other sector, says Morgan Stanley U.S. equity strategist Steve Galbraith. "The health-care industry does not face the risk of two guys in a garage coming up with a Netscape-like technology that suddenly reshapes the entire industry," he wrote recently...
...official Ramones web site, go to www.officialramones.com. A great unofficial site is www.ramonesonline.com An even better fan site, with a complete lyrics database, is Ivo's Ramones Sector...
...Federal Reserve reported that U.S. industrial output from the moribund manufacturing sector, after a 0.4 percent dip in February, jumped 0.4 percent in March, surprising analysts and raising anew the old question: Will the Fed move sooner, or later? TIME senior economics reporter Bernie Baumohl weighs the data and shines up his crystal ball...
...Overall, though, industrial production in the first quarter was down 4.7 percent, which is the weakest since the first quarter of 1991, the last recession. And this increase is the first in six months, and it's so modest that it can probably be chalked up to one sector - autos...