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Monster Worldwide Inc. (MWW), parent of online job site Monster.com, has been spending heavily to bolster its business during the recession. Monster has spent more than $200 million redesigning its Web site for job seekers, expanding globally with the purchase of ChinaHR.com and buying Trovix, a technology outfit that should help make its services more appealing to its bread-and-butter clients: staffing companies and corporate human-resources departments. While it's been doing all this, the company has been cutting costs - by 25%, or $164 million, in the first half alone, it says. These changes - along with investors' hopes for an economic rebound - have boosted Monster Worldwide shares above $17. Shares have almost tripled from their 2009 low, put them about where they traded a year ago. A pullback would offer a buying opportunity in the stock which looks like a good long-term bet. Over the next few years, Monster will benefit mightily from its increased presence abroad, where it already gets about 45% of its annual revenue of $1.3 billion, and which was growing at a near 18% annual clip last year before the global markets swooned. Monster shares recently traded up 2.1% to $18.15. Gold has glittered as an investment in the past 10 years, gaining in price and popularity as financial uncertainty has grown. The metal has rallied 336% from its 1999 bear-market low, trouncing stocks' meager returns. Two weeks ago bullion made headlines by punching through the $1,000-an-ounce barrier for the second time ever, to the delight of gold bugs and other holders of physical gold and gold-related equities and funds. Gold prices could correct 10% to 20% in the near term, but some fans think it could double in coming years as the deficit widens, the dollar falls and inflation arrives. A likely pullback in prices for the yellow metal will be the green light to pounce on gold plays such as Rangold Resources Ltd. (GOLD) and Goldcorp Inc. (GG). Other names that financial buyers have jumped into enthusiastically include gold miners AngloGold Ashanti Ltd. (AU), Kinross Gold Corp. (KGC), Gold Fields Ltd. (GFI) and Market Vectors Gold Miners ETF Gold Miners (GDX). -By Dow Jones Newswires, write to hotstocks@dowjones.com (END) Dow Jones Newswires 09-21-09 1115ET For full details for MNST click here.
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