8 reasons the market isn't worse
8 reasons the market isn't worse

Stocks should be crushed by global turmoil, Jim Cramer says. Instead, they're doing fine.

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The low-cost airline's focus on international markets should help it continue to see growth.

By Trefis Jun 4, 2012 12:52PM
TrefisImage: Paper airplane made of money (© Tetra Images/Corbis)Leading low-cost airline JetBlue Airways (JBLU) recently posted strong top-line growth for the first quarter despite facing turbulent macroeconomic conditions.

The company has been able to outpace the competition through its low cost structure, young fleet, and efficient scheduling and operation of aircraft.  

TD Ameritrade is downgraded to 'neutral,' and Bank of America is upgraded to 'overweight.'

By MSN Money Partner Jun 4, 2012 10:49AM
Information provided by Theflyonthewall.com

Monday's noteworthy upgrades include:  
  • Bank of America (BAC) upgraded to Overweight from Equal Weight at Evercore
  • SunTrust (STI) upgraded to Overweight from Equal Weight at Evercore
  • IHS Inc. (IHS) upgraded to Overweight from Equal Weight at Barclays
 

These resilient shares could be among the future leaders once the market stabilizes.

By TheStockAdvisors Jun 4, 2012 10:29AM

By Mike Cintolo, Cabot Market Letter

The concept of eggs and tennis balls helps us form our watch list during market downtrends. The idea is simple. The key to finding winners is to look for stocks that bounce back quickly. We call those tennis balls.

Conversely, it's usually best to avoid the names that can't get off their knees even after the market lifts its head, as their inability to bounce resembles eggs that have splattered on the floor.

 

The deal prompts the cloud computing company to slash full-year earnings-per-share estimates.

By Benzinga Jun 4, 2012 10:12AM

By Brett Callwood


Salesforce.com (CRM) announced Monday it has agreed to buy Buddy Media, a social media marketing company, for $689 million in cash and equity. CRM also adjusted its full-year revenue and earnings-per-share forecast to reflect the deal's impact. The deal will boost revenue but reduce full-year earnings per share.


On the surface, it appears to be a smart acquisition for the enterprise cloud computing company. Buddy Media gives users the ability to publish content and measure the usefulness and success of social media marketing. Its customers include some very high-profile clients, such as Ford (F), Hewlett-Packard (HPQ), and Mattel (MAT).

 

This power company's shares are backed by the full faith and credit of people who don't want their lights turned off. Meanwhile, Treasurys are riskier than ever.

By Jim Cramer Jun 4, 2012 9:57AM

We all know that stocks aren't bonds. Stocks give you an ownership stake in a company and entitle you to some of the profits of that company. Bonds are loans to companies, senior loans, and even if a business turns down, taking its stock with it, the bond bills have to be paid. That's why people regard bonds as being safer than stocks.

 

The safest of all pieces of paper are Treasury bonds because they are backed by the full faith and credit of the United States, which is why they are called risk-free securities.

 

Mobile gaming, online gambling and the company's online platform are top growth drivers.

By Trefis Jun 4, 2012 9:42AM
TrefisZynga (ZNGA) is the world's largest social gaming company, with about 270 million active monthly users. Its most popular offerings include FarmVille, CityVille, Texas HoldEm Poker and Mafia Wars.

Zynga is much larger than any of its competitors and has an active user base that is larger than those of the next five biggest social gaming companies combined. It competes primarily with Electronic Arts (EA); Playdom, which was recently acquired by Disney (DIS); and other independent social gaming studios. 

The cloud computing site will acquire Buddy Media, and the health benefits company is buying 1-800 Contacts.

By MSN Money Partner Jun 4, 2012 9:09AM
By Joseph Woelfel, TheStreet.com

Salesforce.com (CRM) is acquiring social enterprise technology company Buddy Media. The deal is for about $689 million in cash and Salesforce.com stock and is anticipated to close by the end of Salesforce.com's third quarter.

WellPoint (WLP) will buy contact-lens maker 1-800 Contacts. A purchase price wasn't disclosed, but a person familiar with the matter told The Wall Street Journal it is close to $900 million. The deal is expected to close in the third quarter. Insurer WellPoint said the acquisition will be accretive to per-share earnings in 2014. 

Research coming out of the annual event is watched closely by Wall Street.

By Minyanville Jun 1, 2012 3:52PM
Image: Prescription medicine expenses © Don Farrall/Photodisc/Getty ImagesASCO, the biggest medical meeting of the year for cancer research and a critical event for drug developers, gets underway Friday. The American Society of Clinical Oncology's annual meeting in Chicago runs through June 5, and the research coming out of it is being watched as closely by Wall Street as it is by doctors.

A company with disappointing study results will most likely see its stock drop. But ASCO watchers also know that companies sometimes have such big run-ups in their share prices before the conference that some investors sell the stock even on positive news. Either way, expect share movement next week after company presentations. 

Some investors who were bound by the restriction are clearly sellng. It's an issue Facebook shareholders should pay attention to as well.

By Benzinga Jun 1, 2012 3:46PM

By Scott Rubin, Benzinga Staff Writer


While the carnage in Facebook (FB) shares has received most of the headlines, another high profile IPO has also been plunging on a near daily basis. And it's a lesson for all current and future Facebook shareholders.


Last November, Chicago daily deals site Groupon (GRPN) went public at $20 per share in a highly anticipated deal. Groupon has been called the fastest growing company in history, but shareholders have been punished as the stock continues to flounder.

 

Look at the way the market reacted to Joy Global's earnings. Skittish investors are reacting sharply to any hiccup.

By Jim J. Jubak Jun 1, 2012 3:35PM
Are we all market timers now?

I ask that after seeing Joy Global's (JOY) second-quarter earnings report Thursday.

The company beat Wall Street projections by 8 cents a share on earnings and reported a 45% year-to-year gain in revenue to $1.54 billion (above the $1.43 billion consensus among analysts), but the stock got savaged when the company lowered its guidance for fiscal 2012 to $7.15 to $7.45 a share from the prior guidance of $7.40 to $7.80 a share. Before that revision, the Wall Street consensus had been $7.64 a share in earnings for fiscal 2012.
 
Tags: JOY

Psychic Friends Network is back, reinventing itself for a social-media age in which the 'psychic market' claims to top $2 billion annually.

By Jonathan Berr Jun 1, 2012 2:20PM
Image: Crystal ball (© Randy Allbritton/Getty Images)Want more proof of the fragility of the economy in the face of a weaker-than-expected jobs report? The Psychic Friends Network (PFNI) is staging a comeback as a publicly traded company. I am not making this up.

According to Direct Marketing News, the Henderson, Nev., company, whose heyday was in the 1990s, is revamping its website as it reinvents itself for the social media age. The site is scheduled to relaunch in mid-June. 
Tags: PFNI

Car buyers seemed unfazed by the souring economy, leading to sales gains that, while strong, largely fell short of expectations.

By Kim Peterson Jun 1, 2012 1:43PM
Image: Salesman talking to woman in automobile showroom © Adam Gault/OJO Images/Getty ImagesUpdated 3:15 p.m. ET

Auto sales continued to rise in May, but growth didn't meet expectations as the economy sputtered.

While automakers largely missed estimates, they still had plenty to celebrate, including double-digit sales gains. General Motors' (GM) U.S. sales grew by 11% to 245,256, and its share price rose nearly 1% to $22.36 after it announced a plan to lower pension obligations by offering buyouts. Analysts' growth estimates ranged from 11.4% to 15%.

Ford (F) sales rose 13% to 216,267 and saw its share price drop nearly 4% to $10.14. Analysts had expected Ford to post gains of between 12% and 16%. 

See which stocks both gurus owned in the first quarter.

By GuruFocus.com Jun 1, 2012 1:38PM

Image: Handshake (© Image Source Black/Jupiterimages)Investors Warren Buffett and Prem Watsa have a lot in common. Both run insurance companies and invest the "float" -- the money from insurance premiums that has not been used for disasters. Both are unusually successful at it, too. Watsa has an 8,396% 25-year cumulative return compared to 829.8% for the S&P, and Buffett has a 4,724% 25-year cumulative return.


Both also invest in companies based mainly on fundamentals, according to Ben Graham's teachings.


In the first quarter of 2012, they had these stocks in common: Johnson & Johnson (JNJ), US Bancorp (USB), USG Corp. (USG) and Wells Fargo (WFC).

 

Stocks slide following disappointing monthly jobs report.

By MSN Money Partner Jun 1, 2012 12:42PM
Information provided by Theflyonthewall.com

All the major automakers declined more than the broader market after reporting their May sales figures, with Chrysler owner Fiat (FIATY) lower by 5%, Ford (F) down over 3.5%, and General Motors (GM) and Toyota (TM) shares both faring only a bit better, off by about 2.5%.

Numerous gold-mining stocks rose amid the negative global macro reports, with Barrick Gold (ABX), Goldcorp (GG), Newmont Mining (NEM) and Yamana Gold (AUY) all higher by at least 7%. 

International troubles help the dollar but not the precious metal.

By InvestorPlace Jun 1, 2012 12:27PM

Image: Small Stack of gold ingots (© Anthony Bradshaw/Photographer)By James Brumley


If you think stocks had it rough in May, then you weren't invested in commodities. If you had been, you'd know all too well that everything from coal to sugar to coffee to oil was just hammered, with most commodities posting their biggest full-month losses since October 2008. The CRB Index gave up 10.8% of its value last month.


And no, contrary to assumptions that it's bulletproof, gold didn't escape the commodity meltdown. The world's most precious metal became 6% less precious in May and now is down 19% from its peak price of $1,916 per ounce reached in September.

 

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[BRIEFING.COM] The stock market maintained a narrow trading range on Thursday before ending the session essentially where it began. The S&P 500 added less than a point, while the small-cap Russell 2000 (-0.2%) underperformed.

Equity indices displayed early strength thanks in part to an overnight boost from better than expected economic data in China and Europe. Specifically, China's HSBC Manufacturing PMI surged to an 18-month high (52.0 from 50.7), while Eurozone Manufacturing PMI ... More


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