VIDEO ON MSN MONEY
Fears abound that the Bank of Japan will move to restrain the yen's climb.
Now that worked out just swell, didn't it?
Remember way back on Sept. 15, when Japan intervened in the currency markets to drive down the soaring yen? The yen had just stormed through the 83-yen-to-the-dollar level that a number of large Japanese exporters had pegged as the exchange rate where they stopped making money.
By buying U.S. dollars and selling yen, the intervention succeeded in driving the yen down to an exchange rate of 86 to the dollar.
The movie-rental chain reportedly wants new blood as it emerges from bankruptcy.
Better late than never, I suppose. Too late? Perhaps. But Blockbuster is going to try.
Blockbuster is looking for a new boss and could boot Jim Keyes by the end of the year, the Journal reports. Keyes has been in charge since 2007 -- right about the time Blockbuster should have been about to annihilate upstart rival Netflix (NFLX).
Microsoft is well-positioned to compete in mobile market.
Smartphone news seems to break every day, and yesterday was no different.
Microsoft held a press conference to debut its much-anticipated Windows Phone 7 operating system and the initial lineup of smartphone handsets that use it. Speaking at the event in New York, chief executive Steve Ballmer showed off nine Windows Phone 7 smartphones that will be supported by every major mobile carrier in the United States, with the sole exception of Verizon (VZ) (Note: Microsoft publishes MSN Money).
Deutsche Telekom's T-Mobile USA will offer two phones from HTC, the 3.7-inch HTC 7 Mozart and the almost tablet-sized 4.3-inch HD7, as well as the vertical slider phone the Dell (DELL) Venue Pro. Sprint (S) will also offer a phone from HTC, the HTC 7 Pro, that's a bit smaller and with more memory than those available through T-Mobile. Ralph de la Vega, CEO of AT&T (T) Mobility, showed off his company's trio of phones. AT&T will support Samsung's ultra-thin Focus, the LG Quantum and the sleek HTC 7 Surround. Other models, the LG Optimus 7 and the HTC Trophy, respectively don't have carrier support or are only available in Europe.
The online retailer is calling on writers to develop 'Kindle singles' that cost less than $10.
The way Amazon envisions it, Kindle Singles will be about twice as long as a New Yorker feature article. Equivalent to a few book chapters. They'll get their own section in the Kindle store.
But here's where it gets interesting: Amazon called on writers Tuesday to start producing their own singles for the store. No middleman. No publishing house. Amazon will control the singles from top to bottom.
Shares jump after Credit Suisse raises earnings expectations for the coffee chain.
By Miriam Marcus Reimer, TheStreet
Credit Suisse analyst Keith Siegner expects Starbucks to earn $1.45 per share in 2011 and $1.69 per share in 2012. The consensus call among Wall Street analysts polled by Thomson Reuters is for earning of $1.43 and $1.63 next year and the year after, respectively.
Siegner raised his estimates based on improved margins and expected earnings-per-share growth in the coming quarters. He maintained his "outperform" rating and $34 price target on Starbucks shares.
The coffee purveyor's stock was rising 4.1% Tuesday afternoon, to $27.05, on heavier-than-average volume.
Bernstein Research downgrades the telecom to 'sell,' concerned that it may not be able to extend its streak of dividend increases.
By Scott Moritz, TheStreet
As one of the darlings of the dividend crowd, Verizon shares are up 27% since its one-year low in July. Last month, Verizon raised its dividend to 48.75 cents a share, extending its streak of dividend increases to four years in a row.
But with a big payment to joint-venture partner Vodafone (VOD) looming and an ongoing debate about paying down the $57.4 billion in debt on the books, Verizon has some pressing decisions to make about how it spends its cash.
This fund is strong and well-diversified to withstand current conditions.
By Don Dion, TheStreet
Investors looking for a way to play this fast-paced market should look to a strong, stable and diversified fund designed to track U.S. equities.
AVP jumps after a British newspaper reports that an $18.8 billion deal could be in the works.
It's been a beautiful morning for shareholders of U.S. perfume and cosmetics company Avon Products (AVP). A British newspaper reported today that French cosmetics company L'Oreal might be preparing a cash bid for Avon.
The Daily Mail reported that L'Oreal plans to buy the company for $44 a share, or $18.8 billion. Avon closed Monday at $33.16, meaning L'Oreal is willing to pay a 32.7% premium on Avon stock.
AVP stock jumped 10% in premarket trading after the news was released. But is the buyout rumor real, and what does it mean for consumers?
Soon negative articles will start predicting dire holiday sales for retailers. That will be your chance to buy these surprisingly strong clothing companies.
By Jim Cramer, TheStreet
You want a group that simply has no quit in it? Look at these apparel stocks: Phillips Van Heusen (PVH), Ralph Lauren (RL), VF Corp. (VFC) and Jones Apparel (JNY). They just seem to have game despite the media's quest to make us believe that nothing is selling at the retail level and inventories have to be lean as can be. They are considered pariahs in the media, the whipping boys that have to get hurt as the retailers pull in their horns.
It won't stop, either. I believe we will soon be reading about how we will have a bad holiday season and how this group will be under severe pressure.
It won't matter that the companies themselves will tell you over and over again that business is strong. Nor will it matter that the valuations are pretty cheap: Jones is trading at 11 times earnings, VF Corp. at 13x, Phillips Van Heusen at 16x and Ralph Lauren at 18x. Given the consistency of the group, it is a wonder they aren’t all trading over where RL is.
The medium-term trend for the greenback may be downward, but we could see a short-term technical rally.
When the International Monetary Fund and the U.S. dollar go head to head, the dollar wins.
On Wednesday, in the second of its "World Economic Outlook" reports for 2010, the IMF was bullish on commodities, especially on base metals, such as copper and tin. (For the IMF's read on growth in the global economy in the remainder of 2010 and in 2011, see my post).
"Commodity pries are projected to remain high by historical standards over the medium term, with risks tilted to the up side." In other words, we think commodity prices are going up, the IMF said, and the odds say that if we're wrong, it's because prices will go up more than we project.
The bank must pay millions after a panel finds 'serious misconduct.'
Larry Hagman, who portrayed Ewing on the television show "Dallas," has won his case accusing Citigroup of securities fraud. Now the bank must pay $10 million to charities of Hagman's choosing, $1.1 million in compensatory damages and $440,000 in legal fees, Reuters reports.
Hagman had asked for only $1.35 million in damages. We're not sure what exactly Citigroup did wrong here -- since much of the case is being kept confidential -- but the bank clearly messed up. According to the ruling, Citigroup's global markets division "engaged in serious misconduct."
Despite a breakout September, not all stocks are buys
By Louis Navellier
Stocks to sell can be difficult to find, especially when the broader markets are improving.
The market seems to be going strong after a breakout September, with the Dow up more than 10% since Aug. 31 and the tech-heavy Nasdaq up 13%. But a rising tide does not lift all boats, and a number of technology stocks continue to fall behind and are in danger of further declines as we enter another earnings season.
I currently have three tech blue chips on my "dogs with fleas" list as stocks to avoid this fall. As third-quarter numbers roll out for these technology giants, it could be bad news for shareholders.
The online auction company stands to gain as its PayPal service becomes the go-to payment system for the Android app store.
Yes, the online auction company. But eBay is becoming an online payments company with an auction business on the side. And the smart-phone wars will help get it there.
If news reports are correct, Google has all but sealed a deal to make eBay's PayPal the go-to payment system for its Android app store.
Earnings reports from General Electric and JP Morgan will have an important impact on exchange-traded funds that track the industrial and financial sectors.
By Don Dion, TheStreet
Some key earnings reports due this week will play a pivotal role in the performance of exchange-traded funds tracking the industrial and financial sectors. Here are five ETFs that are likely to have an active week.
Earnings season began on a strong note, thanks to last Thursday's analyst-beating report from aluminum giant Alcoa (AA).
Looking ahead to the next few weeks, a number of household names are slated to present their own quarterly performance. On Friday, General Electric (GE) will step up to the plate. Representing more than 10% of XLI's assets, GE's numbers will have a notable impact on this fund's performance.
Gold and mining lead this list of top exchange-traded funds.
By Jamie Dlugosh, InvestorPlace.com
The selection of five picks, equally weighted, posted a gain of 2.6% for the week versus a gain of only 1.76% for the S&P 500.
Leading the way were commodities. The gold exchange-traded fund performed well, but the fund holding precious metal mining stocks fared even better.
MORE ON MSN MONEY
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
The volatility index is near historic lows as complacency runs high. Here are some long and short plays based on its future direction.
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.
[BRIEFING.COM] The S&P 500 is off by 0.3% as the index continues its slow climb off opening lows. The Nasdaq also trades with a loss of 0.3% while the Dow is off by 0.2% as the relative strength of Procter & Gamble (PG 81.77, +3.07) contributes to the outperformance of the blue chip average.
Only one other index component, Wal-Mart (WMT 77.18, +0.85), trades with a gain of more than 1.0%.
Both Procter & Gamble and Wal-Mart are members ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|