Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Ways: Honda's New CEO Is No (Crash Test) Dummy

By

Strengthen your portfolio in good times and bad.

PrintPRINT

Honda's Changing of the Guard

Honda's (HMC) Takeo Fukui, 64, will be stepping down as president and CEO, the company announced today. His replacement, according to the New York Times, is Takanobu Ito, 55, a prominent engineer. Ito joined Honda in 1978 and oversaw the company's push into the US market.

See Professor Mike Shedlock's related article, Modeling Our Fiat World.

From the Bull Pen: Bulls playing Honda can continue to follow its uptrend. A sell stop can be set near $22.50 in the short term.

From the Bear Cave
: Bears can consider pressing the downside in the Japanese Yen ETF (FXY). A buy stop can be set around $108-$109.

Quick Check Around the World

Asian trading closed with the Hang Seng 3.75%, Nikkei -0.54%, Taiwan 0.92% and Shanghai 1.96%.

Glancing towards Europe, we see the CAC 0.94%, DAX 0.97%, FTSE 0.04%,

As of 8:00 AM EST, S&P Futures are trading +6 to 775, and Nasdaq futures are +7 to 1179.

A Look At Commodities

Crude oil is trading +0.47 to 40.50. Gold is -14.40 to 987.80. Silver is -0.19 to 14.295, and copper +3.2 to 144.85.

The dollar index is +0.2650 to 86.9650.

On the Radar

10:30 Dallas Fed Manufacturing -50.0%

Click here for the full trading radar.

Must be a case of the Mondays. Good luck, Minyans.

Actionable ideas, instant analysis. Real-time from bell to bell.
Minyanville's Buzz & Banter - 14 day FREE trial

No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE