Stocks plunged Wednesday after Federal Reserve Chairman Ben Bernanke said a stronger economy may allow the Fed to end its bond buying program later this year.
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It's no surprise that some of these firms don't pay dividends, but one once-hated company is poised to restart its payouts.
Rising tensions over the civil war in Syria pushes energy prices higher. Brent crude, which affects gasoline prices, approaches $107 a barrel.
On May 31, crude oil in New York settled at $91.97 a barrel, and there were thoughts the price might break below $90.
On Monday, crude oil (-CL) briefly hit $98.74 a barrel before settling back to $97.77, down 8 cents from Friday. But the worry that crude oil might hit $100 a barrel is definitely at play, with the possibility of higher prices at the gas pump.
Brent crude, the benchmark North Sea oil that has a big influence on domestic gasoline prices, was at $105.57 a barrel after reaching as high as $106.67.
Light sweet crude is up 6.3% for the month and 6.5% on the year. Brent crude is flat for the month and down 5% in 2013.
Sharing is caring, but content makers may see things differently.
Thousands of people share Netflix (NFLX) with their family and friends.
But Reed Hastings, Netflix's CEO, isn't too worried about the problem, according to Gigaom. While this may have surprised some investors, there may be a good reason for his nonchalant attitude.
"He doesn't seem to care because it's not his content," Rich Tullo, Director of Research at Albert Fried & Company, told Benzinga. "He's leasing the content, so if he can convert one or two of those 10 people sharing, what's it to him? That's a good thing for him. Sure he wouldn't care. I wouldn't care either if I were him."
These funds follow new strategies, at least in the exchange-traded fund world, and investors should take a look.
Exchange-traded funds expert Doug Fabian sits down with Ray Collins from the MoneyShow.com and discusses three of his favorite new and innovative plays in the ETF market.
ETFs made easy. We're here now with Doug Fabian. Doug, there are some innovations in the world of exchange-traded funds.
Well, Ray, I love this area of ETFs. And in some sense it's getting really complicated, because there are 1,300 products, but there's really good stuff that's coming from American companies; there's innovation that I want investors to know about.
The first innovation that I want them to know about is an ETF that is actually a fund of funds ... an ETF of ETFs. Now, you might initially think that maybe somebody's going to get double-charged or something like that. That's not the case. If you have mutual funds inside a mutual fund, there is a compounding of fees, but not so in the world of exchange-traded funds when it's done by a single company.
Both companies offer similar profit margins of 25%, but the search giant's are on an uptick while the Mac maker's have been trending down.
I was still pounding the table last September. At Seeking Alpha, I wrote a story called "A Strong Cloud Beats as Strong Device." Since then, investors have been buying that idea big-time.
Maybe too big. Since I wrote that piece, Google shares are up nearly 27%, a roughly $70 billion increase in its market cap. Apple, meanwhile, is down 34%, a loss of almost $200 billion to investors.
Technology is trying to once again become a market leading sector, but will the reaction to this week's reports push it into a leadership role?
By Tom Aspray, MoneyShow.com
Last week's lower close has left many of the key U.S. markets on the verge of stronger sell signals but the global markets are starting off the week on a very positive note. Japan revised its first-quarter growth to 4.1% as the Nikkei 225 gained almost 5%.
This could complete the correction in the Nikkei as it has reached the buy levels (MoneyShow) outlined last week. European stocks are strong as the Dax Index is up well over 1% in early trading with the S&P futures showing double-digit gains.
Of course, it will be the close Monday that is important as the daily charts reviewed in the Money Show's Week Ahead column need two consecutive strong closes with strong A/D ratios to indicate that the correction is really over.
The movie sets a June opening record, topping 'Toy Story 3.'
Warner Brothers, a division of Time Warner (TWX) is reveling in the first-weekend haul of its newest mega-blockbuster, "Man of Steel." According to the Associated Press, early metrics show a domestic revenue of $125 million plus an additional $71.6 million internationally.
This puts "Man of Steel" above "Toy Story 3" as the top first-weekend-grossing film for June. The Disney (DIS)/Pixar film brought in $110.3 million in 2010.
The film cost $225 million to make but it's already well into profitable territory. The Independent reported that prior to its opening, Warner Brothers had already secured $170 million in product placements from over 100 partners.
Stocks are higher, boosted, in part, by hopes the Fed will clarify its position on its current bond-buying program on Wednesday.
Starboard Fund pushes the meat producer to explore a breakup.
Major Smithfield Foods (SFD) investor Starboard Fund pushed the meat producer on Monday to explore a breakup in favor of the $4.7 billion buyout offer reached with China's Shuanghui International Holdings.
The push by Starboard, which owns 5.7% of Smithfield's outstanding stock, is based on the belief that a sum-of-the-parts valuation of the world's largest meat producer would exceed the $34-a-share bid price from Shuanghui by as much as 62%.
It's 'natural' and works well in blends, and is set to outpace other sugar substitutes in a market with strong growth drivers.
According to a new report by MarketsandMarkets, the alternative sweetener market is due to grow into a $13.7 billion industry by 2018 -- a compound annual growth rate of 4.5% over the $10.5 billion in revenue booked in 2012.
With the growing epidemic of diabetes and other diseases caused by a high-sugar diet, consumers are more than ever looking for sugar substitutes without the stigma associated with aspartame or saccharin.
Since the approval for stevia's use by the European Union in 201, the market has grown considerably and will continue to do so at a rapid rate.
Coca-Cola (KO) just introduced a reformulated Sprite in the U.K. after test-marketing it in Australia for a few years.
Despite the departure of the CEO Christine Day, the company should still see strong growth ahead.
Last Monday after the close, shares of Lululemon (LULU) fell off a cliff as management took investors by complete surprise during its first-quarter earnings report.
While investors were anxiously waiting to see how the company fared from the effects of the see-through pants issue, CEO Christine Day dropped a bomb on them by announcing her resignation.
Yes, Day has decided to step down, but will remain at the helm until a replacement is found. Shareholders were not happy, flushing the stock down approximately 20% over the next two trading sessions.
Tesla is initiated with an 'overweight,' and Marvell is upgraded to 'positive.'
Monday's noteworthy upgrades include:
- Philips (PHG) upgraded to Buy from Hold at Deutsche Bank
- Public Storage (PSA) upgraded to Outperform from Market Perform at Raymond James
- Blue Nile (NILE) upgraded to Outperform from Market Perform at William Blair
- BCE Inc (BCE) upgraded to Buy from Hold at Canaccord
- Petrobras (PBR) upgraded to Buy from Hold at Jefferies
With a 9% yield, this company is a timely buy in this 'untimely' market.
By Steve Mauzy, Daily Profit
Thanks to baby boomers hitting their golden years en masse, annual deaths in the United States are expected to rise to 3.2 million in 2030 from 2.6 million in 2010. For income-and-yield investors, there's really only one choice in the cemetery sector -- StoneMor Partners (STON), which yields over 9%.
StoneMor is unique in that it's formed as a partnership. As such, it enjoys a favorable tax structure in exchange for paying out the majority of its profits as distributions to its unitholders.
That distribution amounts to $2.40 annually and is the principal reason StoneMor is a long-standing recommendation of ours.
The region is vulnerable to shifts in outside capital investments.
For the rest of 2013 and into 2014, three global trends will drive increases in foreign direct investment in Southeast Asia: currency debasement from the major developed nations, the Chinese Yuan's (CYB) appreciation and economic stagnation in the West. But with the rapid and drastic changes in policy in the U.S., the EU and Japan with respect to their various forms of quantitative easing, the potential for Southeast Asia's policy makers to make major errors with regards to handling their fast-growing economies has risen as well.
According to the United Nations Conference on Trade and Development, the Philippines received $11.5 billion in foreign direct investment in 2012, a 15.5% increase over 2011, while other Southeast Asia nations reported similar FDI inflow growth: Vietnam -- 12.5%, Thailand -- 3.9%, and Cambodia -- 104%. These risks will keep some investors to the sidelines, depressing or delaying further investment.
It's pathetic that job creation doesn't play a bigger role. We should better balance jobs and environmental concerns.
Let's start with a fair premise. I hate coal. I have supported anti-coal causes from when I was a teenager and saw the destruction in the Adirondacks from acid rain caused by Ohio power plants. I think that coal is a scourge that causes tremendous health damage and, according to the Sierra Club, which I belong to, kills about 20,000 people a year.
As most of you know, I favor aggressive expansion into natural gas plants as a bridge fuel that can reduce harmful emissions until we develop more economical sources of safe power.
But I watch aghast as the powerful environmental lobby, not content with the huge wins it has had in closing old coal plants here, is now attempting to shut down our own exports to countries still tied to coal-burning power plants, in some cases more than ever, because of the rapid shutdown of nuclear plants everywhere because of the Fukushima tragedy.
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[BRIEFING.COM] Equities ended on their lows with the S&P 500 down 1.4%.
The S&P entered today's session with a week-to-date gain of 1.5% as investors expected reassuring words from today's Federal Open Market Committee Statement.
Stocks traded with slim losses until this afternoon's FOMC Statement and subsequent comments from Chairman Bernanke sent equities and Treasuries to their lows while also providing a significant boost to the dollar.
Today's Statement was ... More
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