Investors upbeat as trading week begins

by Darren

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Investors have shrugged off some of pessimism as they expect earnings to be upbeat this weak. Stocks ended the week down last week on fears of what continued rate increases would do to corporate earnings. This week some of the fog is lifting:

Acquisitions led the day’s news ahead of Alcoa Inc.’s results, due after the closing bell. Kraft Foods Inc. agreed to acquire the Spanish and Portuguese units of United Biscuits for $1.07 billion, and Kimco Realty Corp. said it will buy Pan Pacific Retail Properties Inc. for $2.9 billion.

Takeovers are a sure-fire way to improve people’s moods. M&A activity has been up this year, and the trend is likely to continue.

There’s more economic data to be presented this week.

If you enjoyed this post, Grab the free Superior Investor Blog full RSS feed!.