The company, which reports its quarterly earnings Tuesday, has once again become an investor favorite.
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Stock may have a tougher time reaching $86 following the downgrade.
First, in-depth scrutiny of U.S. defense spending caused by rising concerns on high federal deficit. Second, Lockheed Martin's large cash payouts to fund its $13.3 billion pension deficit. And third, Lockheed Martin's debt, which has risen by more than $1.4 billion in 2011 and more than $2.8 billion over the last three years. Certain minor factors such as the ongoing labor strike at Lockheed Martin's Ft. Worth facility have also contributed to the downgrade.
The bank's CEO is scheduled to testify at a Senate committee, and the PC maker plans to start paying dividend.
JPMorgan Chase (JPM) CEO Jamie Dimon is scheduled Wednesday to testify before the Senate's Banking Committee about the $2 billion trading loss the bank incurred from credit derivative hedging within its synthetic portfolio. The hearing, which carries the title "A Breakdown in Risk Management: What Went Wrong at JPMorgan Chase?" is to run from 10 a.m. to 12 p.m. EDT. Reports said Dimon is expected to argue that the loss should be viewed as an isolated event." Shares of JPMorgan ticked down 2 cents, or 0.06%, to $33.75 in premarket trading Wednesday.
The lawn and garden company said sales are suffering as demand slows down. Executives are not giving new guidance.
But this has been a rough spring for the company. Sales of its products in U.S. stores are only up 3% this year, down from 8% growth back in May. The downturn was enough to force executives to cut their full-year guidance of 6% to 8% sales growth and earnings estimate of $2.65 to $2.85 a share.
The company warned investors Tuesday afternoon of the coming guidance cut.
New in-house mapping software will come bundled with iOS 6 when it rolls out this fall, potentially dealing Google a major blow.
When Apple's in-house map software debuts with its new mobile operating system, iOS 6, this fall, it will be compatible with Siri and sport new 3-D features. It will also offer turn-by-turn driving directions and highlight real-time traffic congestion.
In addition, Apple is partnering with Yelp (YELP) to offer local information about more than 100 million businesses worldwide.
The company revealed new technology Tuesday that will help its automobile batteries operate in lower temperatures.
Earlier Tuesday, A123 Systems (AONE) announced a new advance in the company's automobile battery technology. The announcement of the "nanophosphate EXT" sent shares of A123 Systems up as more than 50% on Tuesday.
The stock closed up nearly 52% to $1.58.
An investing disaster? Not really. Here are some reasons to feel good about this stock.
Here are three pretty good reasons for cheer about Facebook's future, and a fourth fact that, while not so good, may be better than it looks on the surface.
Facebook is very, very large. Facebook is currently the dominant social network in 126 of 137 nations analyzed for a twice-yearly report produced by Vincenzo Cosenza, a digital public relations executive.
Fear and anxiety have driven valuations more than fundamentals, leaving some stocks at bargain levels.
There are plenty of reasons that the U.S. stock market should resume the rally so rudely interrupted a few weeks ago by underwhelming economic data and new waves of anxiety-inducing headlines from Europe.
Just ask the folks at Goldman Sachs (GS), who have yet to retract any of the arguments they put forth in a report published early this year entitled "The Long Good Buy." Stocks were clearly a "good buy," Goldman strategists argued, while investors should bid "goodbye" to bonds -- and that was before the yield on the bellwether 10-year Treasury touched a record low below 1.5%.
The group's upcoming meeting this week will be closely watched.
These stocks meet the growth and value criteria of the legendary manager of Fidelity Magellan.
Choosing the greatest fund manager of all-time is a tough task. But if you were to rank Peter Lynch at the top of the list, you'd probably find few would disagree with you. If you'd invested $10,000 in Fidelity Magellan the day Lynch took the helm, you would have had $280,000 on the day he retired 13 years later.
Just what was it about Lynch's approach that made him so incredibly successful? Interestingly, a big part of his approach involved something that is not at all exclusive to being a renowned professional fund manager: He invested in what he knew.
The market rebounds on talk of more Fed stimulus, a stronger European banking union.
Texas Instruments (TXN) shares gained over 2% after the company narrowed its range of guidance for its second-quarter revenue and profits. In its mid-quarter update the company said it is seeing growth in the U.S. and Asia but declines in Japan. The company said its communications business is up strongly in the quarter though it expects its wireless business to be down sequentially.
Verizon Wireless (VZ, VOD) announced new "Share Everything" plans that allow customers to share data usage among up to 10 phones and other devices.
Steady revenues help to power some healthy payouts.
By Tom Taulli
Water is far more than a drink. It's critical to manufacturing, nuclear energy and agriculture, among other things, and the demand for water should keep growing -- especially with the continued increase in the world population and the modernization of countries like China and India.
So how can investors benefit on a clearly growing need? One approach is to look at utility operators. True, they don't produce huge gains because of the extensive regulations on rates, but they still have clear advantages.
Eye-popping price targets for the tech stock should be viewed skeptically.
Apple, whose products I like and use, is a company that Wall Street analysts think is so awesome they have simply run out of superlatives for it. In the wake of Monday's announcement of a new mobile mapping service and improvements to SIRI, Topeka Capital analyst Brian White, the biggest Apple bull, took to the airwaves of CNBC yet again, saying he "couldn't be more bullish on Apple right now." That's saying something.
Earlier this year, White became the first analyst to predict that shares of the Cupertino, Calif., company would top $1,000 -- $1,001 to be precise. A month later, White raised his prediction to $1,100. Even Piper Jaffray's Gene Munster, Wall Street's other well-known Apple bull, isn't that bold. He expects Apple to reach $1,000 in 2014.
The premier coffee company's purchase of a bakery chain adds premium flavor to the stock.
The projected expansion of the food menu at Starbucks (SBUX) gives investors another reason to add the No. 1 coffee maker to their core stock portfolios.
Since 2008, when the stock traded at a low of $7 a share, Starbucks has become a super-charged achiever, rocketing to a high of $62 by April 2012, as sales and earnings continued to bump higher to unprecedented levels.
Blackstone is upgraded to 'overweight,' Carlyle is initiated with a 'buy.'
Tuesday's noteworthy upgrades include:
The iconic American company will now be known as Hillshire Brands, after spinning off its international beverage unit.
The company's board has also approved a one-for-five reverse stock split of Sara Lee common stock to take effect immediately after the separation. Sara Lee stockholders will receive one ordinary share of the Dutch company D.E Master Blenders 1753 for each share of Sara Lee CoffeeCo common stock they hold, along with a $3 special dividend per share.
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Pipeline owners are making big profits on oil coming from North Dakota's Bakken fields. But a lot of natural gas continues to be flared due to low prices.
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[BRIEFING.COM] As expected, the major averages began the session on a strong note with small caps in the lead. The Russell 2000 is higher by 0.6%, while the S&P 500 trades up 0.3% with eight sectors in the green.
Energy (+0.9%) and health care (+0.8%) have grabbed the early lead, while industrials (+0.6%) and technology (+0.6%) follow not far behind. On the flip side, countercyclical consumer staples (-0.3%) and telecom services (-0.3%) hold modest losses.
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