Powerful Gains In The Retail And Marketing Sectors Seen by Southridge Capital PDF Print E-mail
Written by Bill Warren   
Friday, 07 May 2010 16:07
Southridge Capital took a look at the marketing sector, which we feel is pushing the market upwards. According to Norbert J. Ore, chair of the Institute for Supply Management? Manufacturing Business Survey Committee: ?The manufacturing sector grew for the eighth consecutive month during March.
by BillWarren


Southridge Capital took a look at the marketing sector, which we feel is pushing the market upwards. According to Norbert J. Ore, chair of the Institute for Supply Management? Manufacturing Business Survey Committee: ?The manufacturing sector grew for the eighth consecutive month during March.

The growth rate is the quickest since July of 2004 indicated by the PMI. Mr. Ore pointed out, of the 17 industries that are followed; only rubber and plastic had contracted in the previous month.

Inflation has been kept in check since these positive numbers have been registered. Southridge Capital is encouraged that the economy is still seeing positive growth.

In recent reports the retail market has shown strong gains for 5 weeks in a row. Increased sales have been witnessed by all major retail groups.

We think this is a direct correlation to consumers? feeling a bit better about economy. Unlike the last 2 years where companies waited almost helplessly for consumers to open their wallets (remember, certain old reliables such as: Fortunoff, Circuit City, Chrysler, GM, Filene?s Basement, Eddie Bauer all filed Chapter 11 during this time frame), it appears as if the consumer is ready to jump back in.

Mattel?s Barbie Doll is one company that has been able to hold its own during these times. Barbie Doll sales in the United States have seen an increase in four straight quarters.

Also on the global stage they have seen a 3% increase in sales. Mattel, Inc., (NASDAQ:MAT) has been researching whether there would be a demand for a computer engineer Barbie Doll. The Barbie has amassed over 125 different looks and is sitting at 52 week high. This is a good sign that consumers have the extra spendable cash to keep the Barbie Doll alive.

DISCLAIMER: This article is provided as information only and is not to be taken as financial advice.

If you are interested in discovering more information about this organization visit Southridge Capital directly or view their blogspot blog by clicking this link Southridge Capital.