Longtime market bull Jeremy Siegel says investors could realize the market is behind the curve on interest rates.
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Yes, he's a blowhard. But he sells quite a few items for Macy's, and so far, he hasn't crossed the foul line into dealbreaking territory.
The hot-headed billionaire has a line of shirts, ties, suits and even his own fragrance at Macy's. A constant critic of President Obama, he called last week's election "a total sham and a travesty" and a "great and disgusting injustice."
Those comments helped spur some 500,000 people to sign an online petition requesting that Macy's dump Trump. The petition, Bloomberg reports, was started by Angelo Carusone, who mounted a "StopBeck" campaign that he said resulted in anchor Glenn Beck leaving Fox News.
The Dow fell 185 points as the autumn swoon continues. Partly, the slide was due to worries that President Obama and Congress can't cut a deal to fix the fiscal cliff. But other factors were at play.
Good question on a day when the Dow Jones industrials ($INDU) suffered its third loss of more than 100 points in the last six sessions, and the Nasdaq Composite Index ($COMPX) has fallen more than 10% since mid-September, the popular definition of a correction.
The answer is more complicated than simply the fiscal cliff or Barack Obama's reelection, although the former was clearly at play today. President Obama insisted at a news conference he would not agree to extend Bush-era tax rates on the wealthy. Republicans says they won't agree to boosting top tax rates, and the question is which side will blink first.
The Japanese carmaker's Kentucky-built Avalon is just part of its larger U.S. production strategy.
It's been whacked by recalls, an earthquake and a tsunami, but Toyota (TM) is starting to think like the dominant automaker it once was.
Toyota sales are up 30% year-to-date from 2011, with car sales increasing almost 39% in that time. Bill Fay, who was named general manager of the Toyota division of Toyota's U.S. operations back in July, seems to think that increased stateside design and construction may be the key to not only Toyota's recent success, but its future in the U.S. market. He points to the revamped 2013 Toyota Avalon as an example of what the company can do when it designs cars specifically for Americans.
"Back in the '80s, all Toyota vehicles shipped to America were designed, engineered and built in Japan with little or no U.S. input," Fay told the Detroit Free Press.
Spam texts and political statements have turned up the heat on the pizzamaker and its CEO.
In the last week, Papa John's (PZZA) was socked with a $250 million lawsuit for jamming mobile phones with spam and faced heat for saying that it may have to cut employee hours to avoid the looming Obamacare health care mandate.
Meanwhile, the pizza maker has renewed a multimillion-dollar sponsorship deal with the NFL, given away 2 million free pizzas just to acknowledge the start of the NFL season and hosted Republican candidate Mitt Romney at CEO John Schnatter's 40,000-square-foot Kentucky mansion.
Amid these mixed signals is one very clear question: Does Papa John's or its CEO care about its brand at all? The answer since election season kind of sounds like "no," especially when issues affect Schnatter's estimated $600 million fortune.
Sorry, Bud. A pilot program at Chipotle restaurants in Chicago may be a sign of changing consumer tastes.
More signs that American culinary tastes are changing, or perhaps becoming more diverse: 15 Chipotle Mexican Grill (CMG) restaurants in Chicago have begun to sell locally-made "craft beers" on a trial basis, the Chicago Tribune reports.
Earlier this year, the pasta restaurant chain Noodles & Co. announced a similar policy, offering its customers craft beers and upscale wines.
American craft brews are a big growth business. The Brewers Association reports dollar sales for the country's small and independent craft brewers were up 14% in the first half of 2012, while the volume of craft brewed beer sold rose 12% in that same time period. Oh, and the number of total breweries in the U.S. is currently at a 125-year high.
Japanese soda drinkers are getting a taste of a new Pepsi that purports to rid the body of fat. But don't look for this intestinal calamity-in-a-bottle in the US anytime soon.
How do you drink a sugary soda without immediately processing it into love-handle cellulite or a winter layer of thigh fat? By pushing it out of your system as soon as possible, of course.
Japan got the first crack at this concept Tuesday when Pepsi (PEP) distributor Suntory debuted Pepsi Special, a "fat-blocking" soda laden with "indigestible dextrin." Let the "indigestible" portion of that description linger for a few minutes, because that's about all the time drinkers are going to have with it.
That's just straight-up fiber, and it's going to do what dietary fiber does to human beings. It's not going to block fat: It's going to serve as fat's burly bouncer and throw it out of your system in the quickest fashion possible. It'll fill you up, but -- not to get too scatological -- it'll do the toughest part of its job by emptying you out. Consider it best enjoyed with some free time and expendable reading material.
Even though fewer people have pets, owners are still willing to spend plenty on them. PetSmart's earnings Wednesday prove this trend continues.
The trend of humans spoiling their pets is evident in PetSmart's earnings reports this afternoon. Not only did the retailer post better-than-expected results, but it also raised its earnings guidance for the year.
Changes in state pot laws are encouraging some cannabis-related companies to go public.
These are heady times for supporters of legalized marijuana as well as those looking to cash in on pot's growing national acceptance. This month, voters in Washington state and Colorado agreed to legalize the recreational use of marijuana for adults. And medical marijuana is currently legal in 18 states and Washington D.C.
Of course, marijuana remains illegal by federal law. But people involved in what some are calling the "green rush" are still looking at business and investment opportunities in cannabis and its production.
And as with nearly all markets, some people are willing to take the risk.
The fast-food king faces increasingly fierce competition and a soft global economy, but its stock is still worth a buy.
The Motor Trend honor doesn't always mean increased car sales.
Late Monday night, I received a phone call from a jubilant friend who was ecstatic over, of all things, an automotive magazine's recent announcement.
You see, my friend recently took delivery of a Tesla Motors (TSLA) Model S sedan, the all-electric luxury sports sedan that is the brainchild of the company's genius CEO, Elon Musk. My friend was quick to point out that my vehicle of choice -- the newly designed Porsche 911 -- failed to beat out the Model S for the prestigious designation by the leading automotive industry magazine.
Stocks are lower as trading remains sluggish since the end of the US elections.
Just because they are fierce competitors doesn't mean these two big-box retailers are the same kind of investments. Should investors own both?
As the stock market drifts sideways, many wonder if the "fiscal cliff" or the looming tax threat will motivate more selling. Smart investors are preparing for a rally and are watching to see if the S&P 500 ($INX) can move back above 1,400.
This is an exciting week, filled with market-moving data and some really big, large-cap companies stepping into the earnings confessional. Two retailers that report on Thursday, Nov. 15, are as different as their market-cap sizes.
The bailed-out insurer plans to invest directly in mortgages and real estate as it searches for yield.
Bailed out insurance giant AIG (AIG) has spent the last four years shedding its risky, non-core businesses and returning to its roots as an insurance company.
Now with a complete government exit in sight, the company is ready to spread its wings once more. And it's looking to expand in the very area that led to its unprecedented bailout in 2008: mortgages.
According to a Reuters report, the insurer plans to go beyond merely insuring home loans.
Obamacare may not be as good for insurance companies as some people seem to think.
By Barry S. Cohen, Stock Traders Daily
Now that President Obama has been reelected, the 2010 Affordable Care Act is here to stay. And the biggest change to the U.S. health care system since the implementation of Medicare and Medicaid in 1965 may signal tougher sledding for health care insurers.
These companies could be facing profit limits and new taxes to cover some of the cost of expanding health care coverage to as many as 30 million uninsured people starting in 2014. So how do investors trade these stocks?
Home Depot is downgraded to 'market perform,' and Potash is downgraded to 'hold.'
Wednesday's noteworthy upgrades include:
- Cisco (CSCO) upgraded to Outperform from Sector Perform at Pacific Crest
- ICF International (ICFI) upgraded to Buy from Neutral at SunTrust
- Oasis Petroleum (OAS) upgraded to Buy from Neutral at SunTrust
- Weatherford (WFT) upgraded to Hold from Underperform at Jefferies
- Royal Caribbean (RCL) upgraded to Buy from Hold at Argus
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[BRIEFING.COM] The stock market finished the Thursday session on a higher note with the S&P 500 climbing 0.5%. The benchmark index registered an early high within the first 90 minutes and inched to a new session best during the final hour of the action.
Equities rallied out of the gate with the financial sector (+1.1%) providing noteworthy support for the second day in a row. The growth-oriented sector extended its September gain to 1.9% versus a more modest uptick of 0.4% for the ... More
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