A Mexican wave for Big Oil?
Mexico opens way for Big Oil

New legislation is allowing foreign companies to finally invest in the country's vast oil reserves.

VIDEO ON MSN MONEY

A new survey asks employees around the country to rank their company's culture and values. Many in the top 10 were, not surprisingly, in tech.

By MSN Money Partner 1 hour ago
Credit: © David Paul Morris/Bloomberg via Getty Images
Caption: The Twitter Inc. company's headquarters in San FranciscoBy Catey Hill, MarketWatch

Employees at companies with self-proclaimed great cultures get a lot of perks -- among them freebies like organic meals, dry cleaning, haircuts and child care; unlimited vacation and stipends for personal trips; complimentary massages and yoga classes; dedicated rooms for napping. 


But do these things make them happier workers?


Job search site GlassDoor.com revealed the results of its "top companies for culture and values" survey on Friday, in which it asked employees at companies around the country to rank their company's culture and values. 

 

The athletic-wear underdog could be offering a huge contract to the basketball star.

By MSN Money Partner 1 hour ago
Credit: © Sue Ograki/AP Photo
Caption: Oklahoma City Thunder forward Kevin Durant (35) shoots a technical foul shot in the second quarter of Game 4 of the Western Conference finals NBA basketball playoff series against the San Antonio Spurs in Oklahoma CityBy Hayley Peterson, Business Insider

Under Armour (UA) is beefing up its endorsement deals in a crusade to topple Nike's athletic-wear empire.

The Baltimore-based company has been scoring a number of key endorsements lately, including golfer Jordan Spieth.


Now, it's going after one of the biggest stars in basketball -- Oklahoma City Thunder forward Kevin Durant (pictured).


Under Armour is reportedly offering Durant -- who has long been loyal to Nike (NKE) -- a package worth as much as $285 million over 10 years.


It would be Under Armour's biggest endorsement deal, representing about 10 percent of its annual marketing budget, according to ESPN.

 
Tags: NKEUA

So far, the chain is only testing the offering in a few locations. It's ramping up its breakfast menu nationwide, however.

By MSN Money Partner 3 hours ago
Credit: Courtesy of Chick-Fil-A
Caption: Chick-fil-A Chicken and WafflesBy Venessa Wong, Businessweek

Atlanta-based Chick-fil-A is inarguably a Southern chicken chain. Chicken and waffles is (arguably) a popular Southern dish. Chick-fil-A serves chicken, and it's tested waffles before. 


Now, at long last, the chain brings the two together in a chicken-and-waffles test that is going on in central Georgia (Macon, Dublin, and Warner Robins); Memphis, Tenn.; Philadelphia; and Inland Empire, Calif.


It's not a sandwich. The chain describes the new item as "a breakfast portion" of boneless, seasoned chicken breast served alongside a maple syrup-flavored waffle, with a side of honey.


Chick-fil-A, which recently launched a new specialty coffee program to draw in more morning customers, is testing other breakfast items, too, including an egg-white chicken grill sandwich, a Greek yogurt parfait, oatmeal, and cinnamon swirl pastries.

 
Tags: BKW

Short sellers, expecting a weak fall shopping season, are counting on poor reports from retailers.

By MSN Money Partner 3 hours ago
Credit: © Jeff Greenberg/Alamy
Caption: Back to school sale at a mall in Miami, Fla.By Everett Rosenfeld, CNBC

While many retailers spin humdrum quarters with shining previews of the back-to-school shopping season, short sellers are placing big bets that parents' wallets will not be so open.


Although short positions have grown slightly throughout the entire retail sector, those companies with "more skin in the back to school game" have seen the brunt of these bets, Markit analyst Simon Colvin wrote in a note identifying the trend.

 

These companies include teen clothing retailers such as American Eagle (AEO) and Aeropostale (ARO), but also include department stores like Kohl's (KSS) and Macy's (M) that have pegged their near-term outlooks to back-to-school success.

 

A new paper argues that automation is polarizing the labor market, creating more jobs at both ends of the skills spectrum.

By MSN Money Partner 3 hours ago
Credit: © Framck Robichon /EPA/Alamy

Caption: A humanoid robot manufactured by FoxconnBy Jon Hilsenrath, The Wall Street Journal

In an essay in The Wall Street Journal last month, Harvard University economist Lawrence Summers envisioned a world in which computers and machines displace a vast new array of human work, creating an economy that produced few opportunities and sources of income for actual people.


Taxis wouldn't need drivers, nor retailers cashiers or banks financial analysts.

 

"The challenge for economic policy will increasingly be generating enough work for all who need work for income, purchasing power and dignity," he argued.


David Autor, a Massachusetts Institute of Technology economics professor, argues in a paper to be presented Friday to central bankers at the Kansas City Fed's Jackson Hole symposium that automation is creating a different kind of problem for the economy. 

 

A tighter tack on monetary policy does not have to be bad for the economy, the president of the St. Louis Fed says.

By MSN Money Partner 3 hours ago
Image: Stock investor © CorbisBy Matthew J. Belvedere, CNBC

Don't fear the hawk. That's what St. Louis Fed President James Bullard told CNBC on Friday -- saying a tighter tack on Fed monetary policy does not have to be bad for the economy.


"It means the committee could be more confident that the economy is going to improve in the future and handle the higher [interest] rates which will eventually come," he said on "Squawk Box," ahead of Fed Chair Janet Yellen's Friday morning address at the central bank's monetary symposium at Jackson Hole, Wyoming.


Bullard said he's sticking with his prediction for rate hikes to start late in the first quarter of 2015. He won't be a voting member of the Fed's policy committee again until 2016.


The financial markets have been trading more dovishly than the Fed policy committee's median estimates, he warned -- adding that investors are expecting rates over the long haul to remain lower than the central bank's forecasts.

 

Putin, not Yellen, will determine what the market does next.

By Jim Cramer 5 hours ago

Ukrainian soldiers in the center of Kiev August 20, 2014 © Gleb Garanich/ReutersIt's too bad that the Jackson Hole conference is today and that Fed chief Janet Yellen is speaking, because that will allow people to be deluded into thinking that it isn't Russia-Ukraine that's driving things but the Fed's machinations about rates.


It's Russia, stupid. It has been from the beginning, because while Europe has only 6 percent of the world's population, it accounts for about 30 percent of the GDP.


TheStreet.com logoThe banks, the employment, the sales -- they are all at risk with Russian trucks moving into Ukraine, which then sends down the European markets, which, even after all of these years, still ding us.


I know the rush into the domestic retailers is, in part, because they are way behind and, in part, because they have nothing to do with overseas. They aren't hurt by the ubiquitous strong dollar.

 

DineEquity is trying to entice people back into the traditional restaurant setting and sales at its IHOP and Applebee's chains have been improving.

By TheStreet.com Staff 5 hours ago

An IHOP restaurant in Del Mar, Calif. © Mike Blake/ReutersBy Brian Sozzi, TheStreet


It's as if the entire "on-the-go" nation has grown obsessed with grabbing extra-large burritos from Chipotle (CMG) and oversized iced coffees from Starbucks (SBUX), while sidestepping the experience of sitting in a traditional restaurant for a meal.


DineEquity (DIN), which operates 3,600 IHOP and Applebee's locations in some 19 countries, is doing all it can, however, to entice people back into the traditional restaurant setting. By the looks of the company's financial results, especially compared to those from peers Darden (DRI), which owns Olive Garden, and Brinker International (EAT), the operator of Chili's,, efforts by DineEquity management appear to be paying tasty dividends.


IHOP's system-side same-restaurant sales have increased for five consecutive quarters, rising 3.2 percent in the second quarter, while Applebee's rose a more modest 0.6 percent but halted three quarters of declines. Darden's Olive Garden has posted four quarters straight of same-restaurant sales declines, capped by a 3.5 percent fall in the most recent quarter. Chili's had a 2.5 percent same-restaurant sales increase in the second quarter.


Applebee's has outperformed the same-restaurant sales industry average by 150 basis points in the past five quarters, according to Bloomberg.

 

New legislation is allowing foreign companies to finally invest in the country's vast oil reserves.

By Zacks.com 23 hours ago

Credit: © Omar Torres/AFP/Getty Images

Caption: Aerial view of the Centenario exploration oil rig working for Mexico's state-owned oil company PEMEX, in the Gulf of MexicoBy Swarup Gupta 

 

Last week, Mexican President Pena Nieto signed legislation which ended state control over the nation's oil sector, giving private players access to the nation's oil reserves for the first time since 1938.


During that year, the Mexican government expropriated the resources and facilities of private players. These actions led to the creation of state-owned oil company Petroleos Mexicanos, or Pemex.


Since then, the company has emerged as the world's seventh largest oil producer and dominated the Mexican energy space. The new legislation, which received legislative approval in December, goes a long way in diminishing Pemex's dominance.


On the other hand, it provides an opening to foreign companies which can now invest in Mexico's vast oil reserves. This includes behemoths like ConocoPhillips (COP) and Royal Dutch Shell (RDS.A).

 

For long-term holdings, there is no better strategy.

By MSN Money Partner 24 hours ago
Image: Money © MedioImages/Jupiterimages​By Max Levin, MainStreet

A long-term investment is a position used by investors who are predicting upside in the market down the road. 

This is a technique used by people, from the average Joe to the top hedge fund advisors, who are banking on robust returns down the road. 

But whatever your timeline -- whether you hold a stock for a year or 10 years -- you should be collecting a dividend. 

Why? Well, here are three compelling reasons:
 
Tags: JNJPG

The market is closing in on some other important milestones. Here's what to know about the history-making numbers.

By MSN Money Partner Thu 3:19 PM
Credit: © Lucas Jackson/Reuters
Caption: A trader points to a stock chart on the floor of the New York Stock Exchange shortly before the closing bell in New York July 2, 2014By Ian Salisbury, Money.com

At the market's open Thursday, a few more zeros turned over on the Dow Jones Industrial Average's ($INDU) odometer, and the index is likely to be bouncing around 17,000 all day. 

Sure, the number itself doesn't matter much -- it's not like you get a bonus added to your retirement every time you hit a round figure. 

But it is a chance to pause and look at just how far the market has come in this bull market, and what that might mean about where it's going. 

It's also a moment to look at some other milestones that may be coming up soon. (Spoiler: Keep your eye on the Nasdaq.
 

The models are much cheaper than what you would get from Apple. The newest iPhone is expected to be unveiled next month.

By MSN Money Partner Thu 2:55 PM
Credit: © Andrew Burton/Getty Images
Caption: The iPhone 5C is seen on display at the Fifth Avenue Apple store in New York CityBy Lisa Eadicicco, Business Insider

Wal-Mart (WMT) is practically giving away iPhones. 

As part of a new promotion, the retail giant is now selling the iPhone 5c (pictured) on a two-year contract for just 97 cents. The iPhone 5s is also getting a significant price cut to $79 down from $99. 

Although the iPhone 5s costs only $20 less than Wal-Mart's previous price, it's still much cheaper than what you would get through the Apple Store. 

Apple (AAPLis still selling the entry-level 16GB iPhone 5s for $199 on a two-year contract. Engadget was the first to spot the promotion on Wal-Mart's website on Wednesday, reporting that the deal was valid for 90 days.
 

Both home improvement retailers are beating Street estimates, but 1 stands out from the other.

By InvestorPlace Thu 2:44 PM

Caption: Home Depot store in Williston, Vt.
Credit: © Toby Talbot/APBy Dan Burrows


Lowe's (LOW) and Home Depot (HD) reported earnings this week, and business did pick up as promised after a cold start to spring.


But that still doesn't make make either stock a slam-dunk buy.


Spring is the most important part of the year for home improvement retailers, so weak first-quarter results -- hurt by unseasonably cold weather -- was not a good way to get the stocks moving in a down year.


Happily for anyone holding Home Depot or Lowe's stock, sales picked up in the second quarter, as did profits . . . but serious headwinds still remain.

 
Tags: HDLOW

Wall Street traders can be shady, Michael Franzese says. Don't let them decide where to put your money.

By MSN Money Partner Thu 2:37 PM
Credit: © Jerritt Clark/WireImage/Getty Images

Caption: Michael Franzese former Colombo Family CapoBy Leslie Shaffer, CNBC

Former mob boss Michael Franzese thinks investors should avoid the U.S. stock market. Should you take his investment advice?


"There's a bubble there that's going to burst at some point, and when it does, it's not going to be good," Franzese (pictured), a former mob boss for the Colombo crime family in New York and now an author and motivational speaker, told CNBC.


It's not just the valuations. He's got another reason for advising investors to keep their money off Wall Street.


"I did a lot of things at times with people on Wall Street," said Franzese, who believes there is still a contract out on his life. "A lot of guys are shady and they did shady things with me and I don't trust them. And I don't like other people that I don't know really well taking care of my money. I think that I can do it better."

 

A sustained rally could have important implications for American and multinational companies, potentially resounding across the stock market.

By MSN Money Partner Thu 2:02 PM
Image: Money © MedioImages/JupiterimagesBy William Watts, MarketWatch

After a long, sleepy stretch, the dollar is breaking out to the upside, and it’s not just currency traders who need to pay attention.


The ICE dollar index, which tracks the U.S. currency against a basket of major rivals, quietly pulled off a breakthrough this week, punching to its highest level since September and trading recently at 82.044. 


The currency extended big daily gains Wednesday versus the euro and Japanese yen after the minutes from the Federal Reserve's latest meeting struck a surprisingly hawkish note.


"There's a late-summer feel to the weather and a spring in my step as the dollar has finally slipped its moorings and edged up and out of the doldrums," said Société Générale global macro strategist Kit Juckes, in a note.

 

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

117
117 rated 1
280
280 rated 2
478
478 rated 3
656
656 rated 4
650
650 rated 5
640
640 rated 6
647
647 rated 7
482
482 rated 8
277
277 rated 9
126
126 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
AAPLAPPLE Inc10
ATVIACTIVISION BLIZZARD Inc10
CTSHCOGNIZANT TECHNOLOGY SOLUTIONS10
FOXATWENTY-FIRST CENTURY FOX Inc CLASS A10
ITUBITAU UNIBANCO BANCO MULTIPLO S.A.10
More

Trending NOW

What’s this?

RECENT QUOTES

WATCHLIST

Symbol
Last
Change
Shares
Quotes delayed at least 15 min

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.

MARKET UPDATE

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
Market index data delayed by 15 minutes

[BRIEFING.COM]

  • Dec gold rose for the first time in six sessions as it gained support from Janet Yellen's speech at the Jackson Hole Symposium. Ms. Yellen said the FOMC sees significant underutilization of labor resources and that the labor market has not fully recovered despite recent gains. The yellow metal advanced to a session high of $1282.80 per ounce and settled with a 0.4% gain at $1280.30 per ounce, booking a 2.0% loss for the week. 
  • Sep silver touched a session high ... More


Currencies

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.