It's no Alibaba, but the Citizens Financial Group offering is important to the market.
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Even wise risk-taking can result in horrific hits. But as long as they're contained to a piece of your portfolio, you should be able to handle them.
The concept is alien to many people who speculate, though, and some do nothing but speculation. Unlike most others who talk and write about stocks, I have been adamant that speculation can be part of anyone's portfolio. I think it should be a part of it if you want to stay engaged.
The two builders plan to develop a huge community in Lake Forest, California.
By Zacks Equity Research
Toll Brothers, Inc. (TOL) entered into a partnership with Shea Baker Ranch LLC, a member of the Shea family of companies, to develop Baker Ranch, a master-planned community in Lake Forest, California.
Designed to cater to a variety of buyer profiles and price points, Baker Ranch will have three segments offering single-family attached, detached and multi-family homes. Baker Ranch will have about 1,780 single-family homes and 414 rental apartments. The construction is expected to start from fall of 2012. The company expects to offer homes for sales by spring of 2014.
After China, the restaurant chain seeks to expand further.
McDonald's comparable restaurant sales growth in May disappointed with APMEA (Asia/Pacific, Middle East and Africa), in particular, declining 1.7%. After gaining more than 40% in 2011, McDonald's stock price has declined by about 10% in 2012.
The restaurant chain reports quarterly results, and the beverage company is being added to the S&P 500.
Shares of Darden Restaurants (DRI) fell in pre-market action after the Orlando-based company posted in-line earnings for its fiscal fourth quarter but came in slightly short on the top line. The company, which also announced a 16% increase in its quarterly dividend, attributed the sales shortfall to "same-restaurant sales declines at both Olive Garden and Red Lobster that reflected less effective than anticipated nationally advertised promotions."
Darden also said it expects the business environment in fiscal 2013 to be "very similar" to what it experienced in fiscal 2012. The stock was last quoted at $48.86, down 3%, on volume of less than 30,000, according to Nasdaq.com. Darden forecast blended same-restaurant sales growth of 1%-to-2% for fiscal 2013 from its Red Lobster, Olive Garden and Longhorn Steakhouse concepts, a projection that it said is "just below" its long-term target.
Ratings cuts can cost global banks big money. But regional banks could find opportunity in the fallout.
The tech titan introduces a phone featuring a next-level start screen, Nokia maps and a renewed focus on mobile payments.
On Wednesday, a revolving cast of Microsoft (MSFT) execs took the stage in San Francisco to showcase Windows Phone 8, the eagerly awaited update to their mobile operating system.
It's been a busy week for the crew from Redmond: The company made waves on Monday when it unveiled a snappy new line of keyboard-equipped tablets called Surface, which some consider the toughest challenge yet to Apple's (AAPL) market-dominating iPad. Does Windows Phone 8 resonate with the technorati, too?
The department store chain could be suffering from the same worrying trend as JC Penney: shoppers downgrading to discount retailers.
I was surprised since, as a rule, dissatisfied department store customers generally switch to another department store. Instead, JC Penney customers have dropped out of the category altogether and traded down to discount stores.
Heavy selling pressure on weak economic data is bringing back memories of the market decline of March through May. Will it last?
Stocks and other risky assets had an ugly, ugly day Thursday as traders reacted so a batch of poor economic data out of China, Germany and the United States, as well as to lingering disappointment over the Federal Reserve's decision to merely extend its existing $400 billion Operation Twist initiative by $267 billion.
With Europe under pressure and growth slowing here, Wall Street obviously wanted more. So is that it? Is June's rebound finished? Not quite.
In a unanimous vote, government advisors said the benefits of a treatment for multiple myeloma outweigh the risks.
In an 11-0 vote, the panel of advisors said the benefits of the drug outweighed the risks for patients with multiple myeloma, a cancer of blood plasma cells.
Stocks slump on weak economic data from the US and China.
Chesapeake Energy (CHK) named former ConocoPhillips (COP) chairman Archie Dunham as its new chairman to replace Aubrey McClendon, who remains CEO and president. Chesapeake also appointed four new directors picked by its largest stakeholders, Southeastern Asset Management and Carl Icahn.
Philip Morris (PM) shares fell over 2% after the company became the latest multinational company to lower its full year 2012 earnings forecast.
Is a drop in the share price of the largest US chain of farm and ranch stores an opportunity?
But some analysts have warned of a possible slowing in demand from recreational farmers and ranchers for livestock and farm products, as well as for seasonal lawn and garden equipment amid a weakened economic recovery.
A company's exposure to Europe is becoming a red flag for many investors.
The ripples are spreading. Spanish consumers are buying cheaper yogurt, Europeans are buying fewer Volvos and Asians are consuming fewer chicken nuggets.
What it all adds up to is a steady drip-drip-drip of earnings pre-announcements and warnings from the multinational giants who once bet that having their tentacles in every corner of the globe would help them ride out recessions and other setbacks. This time, however, things may be different.
Under Armour is downgraded to 'neutral,' and ASML is initiated with an 'outperform.'
Thursday's noteworthy upgrades include:
- EQT Corporation (EQT) upgraded to Buy from Hold at Deutsche Bank
- Onyx Pharmaceuticals (ONXX) upgraded to Buy from Hold at Brean Murray, and to Outperform from Neutral at RW Baird
- TJX (TJX) upgraded to Outperform from Market Perform at Wells Fargo
- Vulcan Materials (VMC) upgraded to Positive from Neutral at Susquehanna
A higher life expectancy and rising retirement age are contributing to the boom in retirement solutions.
With doubts being raised about the solvency of the social security provision, Americans are encouraged to look for sources beyond government entitlement to secure their financial positions and avoid any chances of outliving their financial resources. The U.S. government has acknowledged that the official retirement age will rise from the current limit of 67 in the near future.
Bruce Berkowitz's Fairholme Fund is beginning to show some recovery signs in his long-term bets.
Berkowitz often emphasizes that he does not believe performance can be measured by a revolution of the sun but on a long-term basis. Though his fund suffered a challenging year, some of his long-term bets are beginning to show the recovery he anticipated.
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[BRIEFING.COM] The stock market began the new trading week on the defensive note with small-cap stocks pacing the retreat. The Russell 2000 (-1.4%) and Nasdaq Composite (-1.1%) displayed relative weakness, while the S&P 500 lost 0.8% with all ten sectors ending in the red.
Global equities began showing some cracks overnight after China's Finance Minister Lou Jiwei poured cold water on hopes for new stimulus measures. Specifically, Mr. Lou said the government has no plans to change ... More
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