The stock market bull may not be dead yet

September 29, 2015, by John Norris

The calendar may still read September, but weary investors are already starting to get their hopes up for a so-called Santa Claus rally in the fourth quarter. The past three months have been brutal. The Dow, S&P 500 and Nasdaq have each plunged about 9% so far in the third quarter and are in the red for the year. They are also all in a so-called correction -- down more than 10% from a recent...

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Northeast losing manufacturing because of cost, sales

September 28, 2015, by John Norris

A couple of weeks ago, a reporter in Seattle blasted Airbus for setting up shop in Mobile. The article implied Alabamians were uneducated and corrupt, and Seattle would have been a better place. This week, major Seattle employer Boeing announced it was going to build an assembly plant in China. Isn't that interesting? (Read the full article as previously published in the Montgomery Advertiser Saturday Sept 26th…) The opinions expressed within this report are those of...

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Upcoming Changes to Credit and Debit Cards – EMV

September 25, 2015, by John Norris

On October 1, 2015, credit and debit card payments in the U.S. will undergo a significant change with the introduction of EMV guidelines for cards and processing terminals. The goal of EMV technology is to reduce the fraud risk associated with in person or “card present” transactions. Oakworth Capital would like to communicate some frequently asked questions regarding EMV and how it will affect your credit and debit card transactions. What is EMV? EMV stands...

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John Norris: Why interest in higher interest?

September 22, 2015, by John Norris

After weeks of buildup and endless discussion, the Fed didn’t raise interest rates this week. What now? The markets had been on pins and needles in anticipation of this past Fed meeting, and what did they get? Well, not much more than what everyone already knew. The powers that be acknowledged the domestic economy is doing reasonably well, but things look a little dicey elsewhere. So, they didn’t make any real changes to anything other...

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Oakworth Announces New Team In Mobile, Alabama

September 21, 2015, by John Norris

Oakworth Capital Bank is pleased to announce that the following team of professionals has joined our company to serve the South Alabama market: Mr. John Hensley -              Managing Director Mr. Bud Doyle -                   Senior Client Advisor Mr. Tom Roberts -               Senior Client Advisor Ms. Katie Smith -                 Assoc. Managing Dir. Mr. Wade Gordon -             Client Advisor Ms. Michele Stewart -         Client Support Ms. DeEdra Pugh -             Client Support While this team will initially implement...

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Some Common Cents for September 18th 2015

September 20, 2015, by John Norris

Okay, the much ballyhooed Fed meeting is over, and that august body didn'’t raise the overnight lending target. In fact, it didn’t really, um, do anything, other than change a few sentences in the official statement. All that buildup for nothing. So, let me give you a few bullet points I sent to a reporter friend of mine here in Birmingham that best sum up my initial reaction(s) to yesterday’s events...Read On...  

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With no Fed hike, will bankers carry on business as usual?

September 17, 2015, by John Norris

A much-anticipated and expected hike in the Federal Reserve funds rate did not happen, which might be good news for consumers enjoying the low interest rate environment. While Birmingham banking experts said they weren't surprised by the lack of an increase, they still expect a hike...by the end of the year. The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change...

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Why would the Fed raise interest rates now?

September 9, 2015, by John Norris

The markets have been all over the place, mostly bad, and everyone is still worried about the Fed raising interest rates. Why would it when everything looks as lousy as it does right now?   That is a great question. Do you have another one that would be easier to answer? (Read the full article as previously published in the Montgomery Advertiser Saturday Sept 5th…) The opinions expressed within this report are those of John Norris as...

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Some Common Cents For September 4th 2015

September 7, 2015, by John Norris

Thanks to the August Employment Situation report, today was almost a damned if you do and damned if you don’t day. If the economy created “too many” jobs in August, many feared a Fed rate hike, sooner rather than later, would be a near certainty. If the economy created “too few” jobs, well, the economy was/is weaker than expected, and that isn'’t too good either. Pick your poison With that said, I am not sure...

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How would business react to President Trump?

September 3, 2015, by John Norris

I know I'm putting the horse well in front of the cart, but a co-worker and I were having a debate: if Donald Trump actually became President, how would the markets and economy respond? You aren’t just putting the cart ahead of the horse; you are putting in another county. Wow. As I type this, I don’t believe any serious investors or business owners have started thinking about the possibilities of a President Trump. After...

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