If everything goes as planned, this week will be the busiest for initial public offerings since 2000.
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JM Smucker's sales are falling after a 2011 price hike.
Prices jumped by 50.6% in the first quarter, the Bureau of Labor Statistics reports. That reflects a similar price jump for peanuts. U.S. prices have soared 54% in the past 12 months to 34.6 cents a pound, Bloomberg reports.
The problem has been a lack of supply. Farmers in the southeast U.S. suffered from drought, and some moved their acreage to other crops. The tight supply should ease this fall, as Georgia farmers are allocating more land to peanut crops and Argentina is expected to deliver a record crop.
The prospect of another recession, combined with the fallout from a Greek exit from the eurozone, could cause chaos that would rapidly spill over to US financial markets.
With earnings season coming to a close, and the Facebook (FB) IPO having delivered entirely the wrong kind of "pop," U.S. financial markets now are increasingly likely to find their fate being shaped by two unpleasant scenarios: "taxmageddon" and "drachmageddon."
A foretaste of things to come hit the market Tuesday, in the shape of two pieces of news that rocked investor confidence.
The market keeps falling despite encouraging data on home sales and prices.
Shares of Dell (DELL) plunged $2.66, or 17.64%, to $12.42 after the company reported weaker than expected first-quarter results and guided to second-quarter revenue below consensus.
The company's commentary on the challenging economic backdrop and how consumers have moved toward mobile devices and away from traditional PCs sunk peers as well, including Hewlett-Packard (HPQ), which is due to report after the close.
He's the wrong man to lead the company he founded.
When Michael Dell returned in 2007 to run the company he founded in his University of Texas dorm room more than two decades earlier, Wall Street hailed the return of the prodigal CEO.
One of the few voices of skepticism was that of Wharton professor Peter Cappelli.
Solid finances and a low valuation make this tech leader a long-term buy in a difficult market.
With spring storms washing away some of the market's ﬁrst-quarter gains, investors should consider Oracle (ORCL), a company equipped to handle choppy waters.
Five of Oracle's six Quadrix category scores (our proprietary rating system) rank in the top 25% of our research universe, reﬂecting steady operating momentum, a strong balance sheet, and compelling valuation.
The database transition has propelled this industry leader to 10 quarters of double-digit earnings growth.
Medical practices in the U.S. are moving toward electronic record-keeping, workﬂow organization and billing, and Cerner (CERN) is riding the wave.
The move toward the use of electronic records is partly a result of cost savings and increased efﬁciency and partly due to government mandates and subsidies for the changeover as a result of health care reform.
Nasdaq is downgraded at 2 firms, and Dendreon is initiated with an 'underperform.'
Wednesday's noteworthy upgrades:
This leader in industrial piping systems and engineering services is favored as a nuclear energy play.
As Shaw Group (SHAW) prepares to sell its energy and chemicals unit to France's Technip, some investors expect the move will unlock the value of the company as a leader in nuclear plant design and construction for which global demand is starting to ramp up.
Shaw is a Louisiana-based major provider of engineering, procurement and construction services to both regulated and unregulated utilities, particularly for nuclear and fossil fuel generation projects. It also provides services in air quality control installations.
The automaker posted its whole brand as collateral in 2006 but is now strong enough to take trademarks off the table.
By Jeff Reeves
Back in 2006, after posting a staggering $12.6 billion loss, Ford Motor Co. (F) knew it was in trouble. Deep trouble.
So the company crafted an ambitious turnaround plan. It closed more than a dozen plants, suspended its dividend and killed the storied Mercury name. Ford even took the drastic step of putting its entire brand up as collateral to restructure the company -- offering up trademarks like its iconic blue oval and the Mustang name to win over bankers.
It was quite a gambit, but it paid off. Because not only did Ford remain the only Detroit automaker to avoid bankruptcy in the wake of the financial crisis, but the automotive powerhouse is now trading above 2006 valuations.
These days, investors want safe assets -- not risky tech IPOs.
By Dan Burrows
Lost amid the recriminations and finger-pointing over Facebook's faceplant of an IPO is that it was simply the wrong stock at the wrong time. Flooding the market with a near-record issue of shares at an epic valuation when everyone is trading risk-off? What were they thinking?
A merging of two incompatible networks would only lead to overhead expenses for the larger carriers.
In the latest speculation, we have a Reuters report claiming that AT&T and Leap Wireless (LEAP) have held merger talks in the past few months. This comes on the back of a Bloomberg article that linked T-Mobile and MetroPCS (PCS) in another acquisition rumor early last week.
Facebook is trading $7 below its IPO price, and Moody's upgrades Ford's credit rating.
After their first three days of trading, Facebook (FB) shares sank some 18% from their initial price offering of $38, closing Tuesday at $31. Since the IPO, the focus has shifted to the troubles with the Nasdaq's trading system as well as questionable actions by the underwriters, such as lowering estimates without telling the public. Facebook is certainly a stock to watch in the days ahead. It is unclear whether or not the social platform shares will surge back. Facebook shares are up 2% at $31.63 in pre-market trading.
Moody's Investors Service is satisfied with the progress of Ford Motor Company (F) and has accordingly upgraded its credit rating to investment grade Tuesday. At a time when Ford is experiencing praise from several research firms such as Fitch ratings, which upgraded the automaker last week, it has become clear that Ford's restructuring efforts have paid off. The company recently reported wholesale shipments that were 50% above the estimated breakeven point in North America. Ford closed Tuesday at $10.19.
In all my years on Wall Street, this is the most outrageous and egregious deal ever.
This Facebook (FB) fiasco is a disgrace.
The idea that big clients were getting the skinny that estimates were too high, something that would justify immediately cancelling orders or dumping stock into the public frenzy, is just plain outrageous. Anyone who made such a call knew that was selective disclosure, a clear violation of SEC rules. Anyone who acted on it has to be subpoenaed immediately by the SEC to find out what happened. The repercussions should and must be severe, as such a number cut on the eve of the deal is something everyone had to know -- not just the big boys.
A housing pickup will probably be relatively modest this year.
Did institutional investors get warned about the company's prospects in the days leading up to the IPO?
Now, word is emerging that Wall Street was getting warnings about Facebook's prospects in the lead-up to the IPO -- warnings that retail investors were clueless about. If regular mom-and-pop investors had heard about those warnings, maybe they wouldn't have jumped into the shares.
It's an extraordinary story, if true, and could heap further damage on an already disastrous IPO.
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The last time bond investors were this bullish, the 10-year yield saw an extraordinary rise.
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[BRIEFING.COM] At midday, the Dow Jones Industrial Average (+0.2%), Nasdaq (+0.3%), and S&P 500 (+0.1%) hold slim gains, while the Russell 2000 (+0.6%) outperforms.
Like yesterday, the overnight session was free of any broad developments, which allowed the focus to turn toward the next batch of earnings in the U.S. In general, most of the reports received since yesterday's closing bell have surpassed expectations, but there were a few noteworthy disappointments too.
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