Now that the Fed has rolled out their plans for the second round of quantitative easing, stock markets have surged. The Dow Jones Industrial Average topped 11,430 yesterday, marking the highest level it has seen since September of 2008. With markets spiking and the Fed planning to spend approximately $600 billion to revitalize our economy, most other financial events will likely stay in the background for the remainder of the week; but there are several important events investors should be aware of [see QE2 Slaughters Long-Term Treasury ETFs].
We are currently exiting the earnings season for the third quarter of 2010, and today marks one of the last industry bellwethers to make a report. Toyota Motor Corporation
It would appear that analysts are low-balling Toyota because of multiple recalls the company has made on several of their vehicles. From late 2009 through early 2010, Toyota recalled over 8 million vehicles due to safety issues on several different models. While this had a major impact on the company's sales and image, they were able to bounce back, only to make another recall in late October of this year. Though this most recent recall was voluntary, it still raises questions as to how Toyota has managed to keep profits so high amid so many faulty vehicles [see more Who Else Wants An Automotive ETF?].
As Toyota's results come in, the PowerShares BLDRS Asia 50 ADR Index Fund
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