Stocks should be crushed by global turmoil, Jim Cramer says. Instead, they're doing fine.
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Deckers Outdoor downgraded to 'neutral,' and Gap downgraded to 'underperform.'
Friday's noteworthy upgrades include:
- Target (TGT) upgraded to Buy from Hold at Jefferies
- Marriott (MAR) upgraded to Conviction Buy from Buy at Goldman
- Baxter (BAX) upgraded to Neutral from Sell at Citigroup
- Under Armour (UA) upgraded to Overweight from Equal Weight at Morgan Stanley
- AvalonBay (AVB) upgraded to Outperform from Underperform at Credit Suisse
While more focused and higher-end rivals posted positive earnings surprises, Wal-Mart fell short of expectations.
Wal-Mart (WMT) may promise "Low Prices. Every Day. On Everything," but it was particularly aggressive about offering discounts at holiday time -- and now it's paying the price.
While more focused and higher-end rivals like Macy's (M), Saks (SKS) and Home Depot (HD) posted upside earnings surprises and were rewarded by investors, Wal-Mart fell short of expectations, reporting net income for the fourth quarter of $1.50 a share, down from $1.70 in the year-earlier period, and sales that also disappointed retailing analysts.
CEO Ron Johnson has a realistic vision for the venerable chain.
J.C. Penney (JCP) CEO Ron Johnson, whose company reported a fourth quarter loss Friday, sure talks a good game.
Speaking to the Harvard Business Review last year, the former Apple (APPL) retail guru, who joined the venerable retailer in November 2011, argued that the traditional brick-and-mortar retail industry is its own worst enemy.
Her blunt assessment of HP's woes stung investors, but at least she's facing the facts.
Hewlett-Packard (HPQ) CEO Meg Whitman, who took over as head of the No. 1 PC maker after Leo Apotheker was moved out last year, is being penalized by investors for not mincing words about the enormous challenges that lie ahead for the iconic tech company. She has little choice because the company's results, released Thursday, were terrible.
Net income at the Palo Alto, Calif. company fell 44% to $1.5 billion, or 73 cents a share, down from $2.6 billion, or $1.17, a year earlier. Adjusted for one-time items, the profit was 93 cents, beating Wall Street's low expectations of 87 cents. Revenue fell 7% to $30 billion, missing analysts' forecasts of $30.7 billion. To her credit, Whitman, who rose to fame as the CEO of eBay (EBAY), gave a blunt assessment of HP's problem and pointed out that it will take years to fix them.
The cloud-computing company is growing much faster than its detractors -- and even its backers -- realized.
That's what happened with Salesforce.com (CRM) Thursday night, a wow quarter that answered every objection and then some.
It will offer streaming as well as downloads and may be integrated with most Microsoft offerings.
Microsoft now has more than 40 million Xbox Live subscribers, which gives it a potentially large user base to have some bargaining power with the record labels. Microsoft's new music service will compete not only with Apple's and Google's offerings but also with other Internet music giants like Pandora (P) and Spotify.
Completed bottom formations and improved growth prospects make these emerging-market ETFs buy worthy, but only on sizable pullbacks to stronger support.
By Tom Aspray, MoneyShow.com
Since December 2011, many stocks have completed reverse head-and-shoulders (H&S) bottom formations and have rallied to their first targets. It is interesting that many of the emerging-market ETFs show similar formations, and two of them, the iShares FTSE China 25 Index Fund (FXI) and the iShares MSCI Hong Kong Index Fund (EWH), were discussed in early December (see "3 Asian ETFs to watch").
Many of the emerging-market ETFs have had little in the way of a pullback over the past six weeks, but even though my previously recommended buy levels were not reached, this is no time to chase these funds.
While some airlines are trying to help you find a compatible seatmate, others will let you pay for no neighbor at all.
No U.S. airline is offering this option, but three international airlines seem to be finding success with the idea. Air New Zealand, AirAsia X in Malaysia and Spain's Vueling all sell the empty seat next door for fees ranging from $6 to $60, The New York Times reports.
But there's one caveat: If the flight is full and the airline needs that seat for someone else, you'll get your money back.
Central bank shenanigans and rising inflationary fears are fueling a big rise in precious metals. It's set to continue.
Stocks have largely stalled out over the last few days as traders think twice before pushing the Dow through the 13,000 barrier. The real news, aside from the worrisome rise in crude oil, is the breakout underway in the precious metals. Both gold and silver have jumped out of two-month trading ranges in a big way.
The same dynamic that's driving energy prices is fueling the rise in gold and silver: Big time inflation concerns. With those about to get worse, the rise in the glitter stuff is set to continue.
There's little hope for the 1,000 video-rental locations that remain, but the Blockbuster name will live on in other ways.
The chain's new owner, Dish Network (DISH), has said it will close 500 under-performing Blockbuster locations with expiring leases, and it may close more beyond that. There were only about 1,500 Blockbuster stores left, so the announcement is one of the final nails in the coffin for the former video powerhouse.
Not that many people are complaining. Former Blockbuster customers still grumble about the chain's strict return policies.
With diverse holdings in the media sector, this fund trades below net assets and has a double-digit yield.
I have many reasons to like Gabelli Multimedia Trust (GGT), which specializes in media and entertainment. For one thing, the fund is still relatively cheap -- it currently trades at a 12% discount to its net asset value (NAV).
This means you are getting the equivalent of a dollar's worth of assets for just 88 cents. Better yet, you are getting the assets of one of the better positioned sectors in the economy.
International expansion may provide some relief as the retailer grapples with a margin crunch in its domestic markets.
With the new stores, the company now operates in Egypt, Jordan, Kuwait, Lebanon, Morocco, Saudi Arabia, the United Arab Emirates and Israel, thus making the Middle East one of the key strategic regions for American Eagle's international operations.
The company is the world's largest producer of titanium dioxide, but is seeing a huge increase in raw materials costs.
Shares of the smaller retailer offer more bang for your buck.
Net income at the Minneapolis company fell 5.2% to $981 million, or $1.45 a share, while revenue rose 3.3% to $20.9 billion in the quarter. Excluding one-time items, profit was $1.49, topping the average $1.39 estimate of analysts surveyed by Bloomberg News.
The company wants to reach customers who don't like diet or regular soft drinks.
The company is trying once more to fill the void between diet and regular with Pepsi Next, a soda with half the calories of regular Pepsi. With 60 calories in a can, it's expected to be available nationwide by the end of next month.
But does Pepsi Next have any chance of success? The odds are stacked against it.
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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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