Southridge Capital Looks At The Financial And Entertainment Sectors PDF Print E-mail
Written by Bill Warren   
Wednesday, 26 May 2010 14:35
Southridge Capital wrote in an earlier blog about how the US looks stable compared to some of the other regions worldwide.
by BillWarren


Southridge Capital wrote in an earlier blog about how the US looks stable compared to some of the other regions worldwide.

Even though, the stock market declined for two consecutive weeks, Greece?s financial woes took all the headlines even replacing Goldman Sachs. US employment numbers were released for April and this reflects the stability of us growth. The US Labor Department stated that 290,000 new jobs were created in the month of April. This is the fourth consecutive month there has been an increase in jobs and the largest increase in the last four years.

Job numbers show hiring was spread out over a number of industries, which is great news for the stabilization of the economy.

On Friday Germany backed a $140 million bailout plan for Greece. The European Union also created a package to help stabilize the region and calm worldwide markets. Hopefully, investors will look at the swift actions plans taken by the European community as well US growth and continue to fuel global markets.

The entertainment sector has shown positive numbers here in the US.

In March WrestleMania, the WWE?s main yearly event was held in Glendale, Arizona. The event netted a $13.1 million profit for the organization and contributed nearly $28.8 million of revenue. This is terrific news for an economy that is struggling to pull itself out of a recession.

Sticking to the ?ring? according to a BoxingNews24.com source Floyd Mayweather Jr. vs. Shane Mosley did an estimated 1.1-1.2 million buys on pay-per-view (PPV), making this the largest fight for the 2010 year (so far) If Floyd Mayweather Jr and Pacquiao ever sign a contract, we are sure PPV numbers will rise dramatically.

On May 7th, Iron Man 2 surpassed $50 million in ticket sales, which is the 7th largest opening day in history. Avatar has reportedly earned $747,292,481 in US sales since it was released, according to IMDB.com.

Callaway has seen an increase in sales of 11% worldwide and 7% in the US since Q1 2009.

No wonder the personal saving rates (a percent of disposable income) decreased a bit. In summary, these sporting, and entertainment events shows the American consumer is looking for fun, which helps everyone.

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

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