There are some picks in this sector that have excellent valuations and strong earnings growth.
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Micron is upgraded to 'outperform,' and Citigroup is downgraded to 'neutral.'
Wednesday's noteworthy upgrades include:
The troubled company didn't have enough capital on hand to satisfy the Federal Reserve.
During the financial crisis and for months afterward, the entire banking industry seemingly moved in lockstep. But that has changed significantly in the past 12 months. Consider that since early 2011, Wells Fargo (WFC) is up slightly while Bank of America (BAC) is down 40%.
This week, the Federal Reserve released stress test results that once again showed a widening disparity between good and bad banks. At the head of the class: JPMorgan Chase (JPM), which raised its dividend and will buy back shares.
The biggest flunky? That old laggard Citigroup (C), which didn't pass and saw shares sell off sharply Tuesday morning as a result.
This year, the biotech firm is expected to report clinical data on 7 new drug products in its pipeline.
We expect 2012 to be the year that investors both discover and learn to appreciate the broad potential of antisense technology in drug development. As such, we continue to recommend Isis Pharmaceuticals (ISIS).
The company finished 2011 with a pro forma net operating loss (NOL) of $61.3 million compared to a pro forma NOL of $36.2 million for 2010. At year-end, the firm had nearly $344 million in cash.
The CEO is a company vet who's steeped in oil but sees natural gas playing a major role in the future.
By Susan J. Aluise
ExxonMobil (XOM) CEO Rex Tillerson is probably the most prototypical oil man since J.R. Ewing ruled the rigs in the 1980s TV series "Dallas." But unlike the scheming, double-dealing J.R., the plain-spoken (and often stubborn) Tillerson credits the Boy Scouts for making him the leader he is today.
Although mention of Tillerson's Boy Scout roots likely would elicit a loud guffaw from Big Oil's myriad enemies, it's clear that his career track has been shaped by that organization's motto: "Be Prepared."
Citigroup, MetLife and SunTrust fail the Federal Reserve's stress tests, while JPMorgan passes and boosts its dividend.
Updated at 8:40 a.m. ET
Citigroup (C), MetLife (MET), SunTrust Banks (STI) and Ally Financial were among the notable failures when the Federal Reserve on Tuesday released the results of its capital stress tests on the 19 largest U.S. banks. Citigroup was the surprise loser, coming in with a 4.9% capital ratio. "The results showed that Citi exceeded the stress test requirements without the capital actions Citi proposed," Citigroup said in a statement. "The Federal Reserve advised Citi that it objected to Citi's proposed return of capital to shareholders. In light of the Federal Reserve's actions, Citi will submit a revised Capital Plan to the Federal Reserve later this year, as required by the applicable regulations."
The latest version of Apple's market-dominating tablet is missing a certain anthropomorphic voice assistant. What gives?
Tech bloggers across the web demanded answers to that question when they learned last week that Apple's (AAPL) spunky voice assistant wouldn't be featured on the new iPad, which is already selling out in the lead-up to its Friday release.
The iPhone 4S' virtual helper has been a central part of Apple's recent marketing push -- even sparking lawsuits claiming that Siri's impressive responsiveness in commercials is misleading -- and is widely viewed as the company's biggest innovation of the past 12 months.
Both companies are targeting small businesses, developers and start-ups with their services.
Microsoft has put its Azure cloud-computing platform up against Amazon (AMZN) Web Services, the largest player in the cloud computing space. Also competing in this sector are Google (GOOG) with its App Engine, Rackspace Hosting (RAX) and Salesforce.com (CRM).
In the shadow of soaring oil prices, however, another big energy story has been hiding. Natural-gas prices, ironically, have set a string of 10-year lows so far this year.
Soaring crude oil prices have been grabbing headlines as they hover above $100 a barrel amidst concerns about Iran's possible confrontation with Israel and the West.
In their shadow, however, another big energy story has been hiding. Natural-gas prices, ironically, have set a string of 10-year lows throughout 2012 so far.
The two trends are not entirely separate.
In this interview, a top advisor shares how this strategy can spot breakout stocks earlier than usual.
Upside earnings revisions, along with some technical indicators, are how advisor Mike McGervey determines portfolio investments. He shares details about his method with MoneyShow.com, and discusses three current holdings.
Kate Stalter: I'm speaking today with Mike McGervey of McGervey Wealth Management.
Mike, one of the metrics you use is earnings revisions on individual stocks, taking a bottom-up approach. Tell us a little bit about what you’re seeing.
Mike McGervey: Sure, Kate. Upward revisions to estimated earnings are a great predictor of future price for us.
In its ongoing effort to become an end-to-end business-technology company, Dell buys SonicWall to beef up its security software.
Dell (DELL), which is trying to transform itself into a full-service technology provider for businesses, has bought a network security company for a reported $1.2 billion.
Dell announced Tuesday that it will acquire privately-held SonicWall, which makes tools that help companies filter Internet content, secure their Internet access and protect digital communications between offices.
Home Inns and Hotels Management has tumbled in the last week. Now might just be the time to buy.
Is Yahoo attempting a shakedown in hopes of grabbing some of Facebook's IPO cash?
Within hours after the lawsuit was filed, tech observers rushed to judgment. The suit stinks. Yahoo is totally out of line.
The harshest criticism came from one of Yahoo's former board members. "Pathetic and heartbreaking last stand for Yahoo," wrote Eric Hippeau on Twitter. "It's all over. I loved you very much."
The retailer's margins contract as its profit drops.
Rising costs hurt S&P 500 component Urban Outfitters Inc. (URBN) in the fourth quarter as profit dropped from a year earlier. Urban Outfitters is engaged in the general consumer product retail and wholesale business, selling to customers through various channels including retail stores, catalogs and websites.
Here is the "cheat sheet" for Urban Outfitters fourth-quarter earnings report:
High-yielding REITs may seem attractive at first glance, but vulnerable chart patterns and potential dividend cuts make some of them especially dangerous.
By Tom Aspray
Investors in low-yielding stocks are likely frustrated by the historic market rally, as even a more conservative exchange-traded fund (ETF) like the SPDR S&P Dividend ETF (SDY) is up 4.78% so far this year. This ETF invests in the 50 highest-yielding dividend stocks of the S&P 1500 Composite that have also increased their dividends for at least 25 consecutive years.
Some of those searching for yield have been turning to the agency mortgage real-estate investment trusts (REITs), which are also being recommended by a number of analysts and columnists. These REITs are exclusively invested in mortgage securities that are insured by federal agencies.
A surge in the hiring of temporary workers bodes well for staffing stocks but is terrible news for the for-profit education sector.
By Igor Greenwald, MoneyShow.com
This economic recovery may yet prove all too temporary, but for now its reliance on temps is one of the more impressive lines on its resume.
Temporary employment added 45,000 jobs last month, accounting for nearly 20% of February's unexpectedly strong gain of 227,000 nonfarm payrolls.
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[BRIEFING.COM] Equity indices closed out the month of August on a modestly higher note. The Russell 2000 (+0.6%) and Nasdaq Composite (+0.5%) finished ahead of the S&P 500 (+0.3%), which extended its August gain to 3.8%. Blue chips lagged with the Dow Jones Industrial Average (+0.1%) spending the bulk of the session in the red.
The final week of August represented one of the quietest stretches for the stock market so far this year. The first four sessions of the week produced the ... More
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