Fund managers see value in retail stocks amid cautious season
Fund managers argue retail stocks offer bargains despite a holiday season outlook that many deem weak. Growth retailers like The Children's Place Abercrombie & Fitch and American Eagle Outfitters were bought post 9/11 recovery at about 10 times earnings. Analysts warn against overinterpreting price rebounds as consumer strength wanes amid job fears and rising debt.
MENTIONED IN THIS ARTICLE
Craig Callahan
ICON
Lipper Inc
Wall Street
Kevin L. Wenck
Polyneus Growth, A
Children’s Place
Abercrombie & Fitch Co
American Eagle Outfitters Inc
Wenck
Lipper
Standard & Poor
New tax law boosts retirement saving starting 2002
New tax law raises 401k and IRA contribution limits starting January 2002. 401k limit to 11 000 with a 1 000 catch up for 50 plus. IRA and Roth IRA to 3 000 with 500 catch up. Provisions phased in through 2006 and inflation indexed thereafter.
MENTIONED IN THIS ARTICLE
New York
Congress
Dallas L. Salisbury
Employee Benefit Research Institute
T. Rowe Price
Andy Gibson
BDO Seidman
Atlanta
Gibson
Salisbury
EBRI
Investment Company Institute
Association of Investment Companies
Money funds rise to record high in weekly report
New York AP reports total money market assets climbed to 2.351 trillion for the week, up from 2.333 trillion after revisions. Retail money market mutual funds reached 1.101 trillion, taxable funds rose to 909.95 billion, and tax exempt assets increased to 190.69 billion.
MENTIONED IN THIS ARTICLE
Don Cassidy
Lipper
Conference Board
University of Michigan
New York
Investment Company Institute
Mutual Fund
Transferring debt to credit cards with a teaser rate
The article outlines risks of teaser rate transfers including a six month window, higher post period rates, and penalties for late payments. It urges evaluating transfer fees, avoiding multiple new cards, and planning extra payments to reduce balances before the rate increases. Rhode notes future lending tightens and loyalty matters to creditors.
MENTIONED IN THIS ARTICLE
Steve Rhode
Myvesta.org
Rhode
Frugal Living Resources Guide Shows Money Saving Tips
Knight Ridder Tribune surveys web sites offering frugal living advice during economic slowdowns. It highlights All Things Frugal and The Dollar Stretcher among resources for trimming household expenses and practical money saving ideas.
MENTIONED IN THIS ARTICLE
Igc.apc.org
Also Mentioned on This Page
Coastal Fcu
Edward Jones
Marion Bass Securities
ALM. Stark & Co
Sharonview Fcu
Ene -Mo
Fiee
Aim C.D
National Financial News Services
Nfns
C.D
Washington, D.C
Baltimore
Sharonview
Bes
A Clinics Chiropractic & Acupuncture
Harrell D. Hardin
ORM
Medicare
Knight Ridder
Tribune News Service
Wayne Sigmon
S. New Hope Rd
Gastonia
N.C
Julie Singalevitch
Consumer Federation of America
Nations Bank
Julia Singalevitch
First National Bank
South
New Hope Rd
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