Barron's Weekly Round Up, XOM, WMT, EXH
October 19, 2009 7:16 AM
Last week saw Barron's reporting on emerging market funds that may see ETFs become a major source of investments. The Chinese market continues to move strongly due to a GDP growth rate that is expected to become twice that of the USA. Read more here - http://www.benzinga.com/markets/etfs/emerging-market-etfs/25863/emerging...
Stock buybacks were at a new low with buyback spending dropping to half that of dividends with the exception of ExxonMobil (NYSE: XOM) that reportedly spent $5.2 billion as against Wal-Mart’s (NYSE: WMT) $1.9 billion. Here's more on that - http://www.benzinga.com/markets/company-news/buybacks/25864/buyback-spen...
Exterran (NYSE: EXH) stock was possibly overpriced by around 20 – 40 %. Its current price of $25 does not seem right with respect to the company being debt ridden with an idle fleet of compressors. The company plans on cutting back on capital spending, and looks forward to a settlement to the tune of $500 million with the Venezuelan government. Click here to learn more - http://www.benzinga.com/markets/company-news/25858/all-pump-no-gas-for-e...
