Finance professor Jeremy Siegel still expects the Dow to hit 18,000. But he's concerned about the labor force and commodity prices.
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A phony Google+ site that appeared to belong to the bank has been taken down, creating embarrassment for B of A and Google.
Pranksters created a fake website for the bank on the Google+ social network this month, posting unflattering pictures of executives and snarky status updates.
The site appeared to be legitimate, with the bank's logo and contact information. But a description that read "We took your bailout money and your mortgage rates are going up" and updates such as "Big company party in foreclosed house #2340087 tonight!" were dead giveaways that the bank had been punked.
If market adages continue to prove true, perhaps a Santa Claus rally is in store for December.
By Jeff Kleintop, TheStreet
It has been a textbook year. That is, if your textbook is the Stock Trader's Almanac. The old stock market chestnut "sell in May and go away" proved to be good advice this year. But that was not the only adage of Wall Street traders that worked in 2011 -- they all worked.
This has been the year of the stock market cliché in that all of the time-worn axioms based on the calendar actually were worth following this year:
Investors who think the forgotten BRIC nation can climb out of the doldrums should seek exposure through a geographically diversified fund.
By Don Dion, TheStreet
Clear hurdles persist, but as we approach the end of 2011 and prepare for the new year, it may be time to start looking at the forgotten member of the BRIC nations: India.
It has been a trying year for the Indian marketplace as issues such as inflation and corruption have weighed heavily on performance and led many to question the strength of the emerging economic growth engine.
The Vanguard Consumer Staples ETF has trounced the broader market and doesn't require a high initial investment.
By John Defeo, TheStreet
Some dividend investors may favor a reliable stream of dividend checks; others might prefer a single, lump-sum around the holidays. If you find yourself in the latter category, consider the Vanguard Consumer Staples ETF (VDC).
This Vanguard ETF is under the radar, but offers several compelling reasons to own it:
There's an intriguing gap between the price of crude oil and the price of oil-service stocks. But how do you exploit it?
By Suzanne McGee, The Fiscal Times
There's a mystery in the oil patch.
An intriguing valuation gap has opened up as the price of West Texas Intermediate crude oil has recovered to about $98 a barrel, only 2% below levels seen in July, while oil services stocks haven’t bounced back nearly as much.
The two investments are typically tightly linked, Canaccord Genuity analyst Scott Burk says, so that anomaly opens up the prospect that either crude oil is due for a selloff (of up to 16%) or oil services stocks are set to rally in order to close that gap.
Demand for the company's LCD glass should rise, led by increased panel utilization rates in Korea, as inventory contraction ends.
In the last quarter, Corning's display technologies sales witnessed a 7% sequential and 26% year-over-year increase while pricing pressures remained. The display industry faced an unusual market dynamic this year in which retail demand for LCD products was stronger than actual LCD glass demand.
The carrier capitalizes on the federally-subsidized Lifeline service to attract prepaid customers.
The federally-subsidized Lifeline program provides millions of low-income Americans with 250 free monthly cellphone minutes, and pays carriers such as Sprint as much as $10 per month per customer to offer free or discounted wireless plans to qualifying subscribers.
While the PC maker has increased revenue in the past four quarters, the growth rate has consistently declined.
The world's third-largest PC vendor offers a number of products and services to consumers and businesses, and competes with Apple (AAPL), Hewlett-Packard (HPQ), IBM (IBM) and others in broad information-technology sector.
The office supply giant couldn't meet Wall Street expectations on revenue in its third quarter.
The Framingham, Mass. company said net income for the third quarter increased 13% to $326 million, or 47 cents a share, up from $288.7 million, or 40 cents. Revenue rose to $6.57 billion, below the $6.71 billion Wall Street expected amid weakness in its international business.
This year's Turkey Day meal will cost you almost $6 more
In a little more than a week, American families will gather around the table for traditional Thanksgiving meals. Classic dishes like turkey, stuffing, cranberries and pumpkin pie will be on millions of home menus nationwide.
Unfortunately, thanks to rapidly inflating food prices, there will either be a whole lot less food on the table or a much bigger price tag on the Turkey Day feast.
It's about time that sophisticated investors like Warren Buffett and Mark Cuban spoke up about dangerous financial instruments.
Whenever you criticize arcane instruments like credit default swaps, with which you bet against countries and companies, or high-frequency trading and double- and triple-leveraged ETFs, you immediately hear from their creators that you don't know what you are talking about.
That's how they argue. They basically say: "You are stupid, we are not. We know more than you."
That's why I felt Monday's interviews with Warren Buffet and Mark Cuban, the owner of the Dallas Mavericks who has made a fortune in stocks, two of the smartest billionaires in this country, were so eye-opening.
The retailer finally stops a slide in US revenue and is positioning itself for a strong holiday.
The retailing giant has finally ended nine straight quarters of falling U.S. sales. For the third quarter, same-store sales rose 1.3% -- more than analysts expected.
Even during the quarter, it was unclear whether Wal-Mart would be able to stop that slide.
The discount chain's quarterly results fall short of expectations, while the home improvement retailer beats estimates.
By Joseph Woelfel, TheStreet
Updated at 9:38 a.m. ET
Wal-Mart (WMT), the world's biggest retailer, posted a profit of $3.34 billion, or 97 cents a share, excluding certain items, for the quarter that ended in October. Analysts surveyed by Thomson Reuters had expected the company to earn 98 cents.
Home Depot (HD) said its third-quarter net income rose 12% to $934 million, or 60 cents a share, compared with $834 million, or 51 cents per share, in the year-ago period. Sales climbed 4.4 percent to $17.3 billion. Analysts surveyed by Thomson Reuters expected earnings of 59 cents a share on revenue of $17.1 billion. The company also raised its dividend by 16 cents to 29 cents a share.
The home improvement chain also raises its full-year outlook for the third time in 6 months and increases its dividend.
The home improvement retailer benefited in the quarter as residents along the East Coast bought generators and other supplies for ahead of Hurricane Irene in late August.
The Federal Reserve says America’s largest financial institutions will have to endure another round of testing in upcoming weeks to prove their financial strength to confront another recession.
By: Kalyan Nandy - Zacks Equity Research
America’s largest banks will have to endure another round of stress tests in upcoming weeks to prove their financial strength to confront another recession, Federal Reserve Vice Chair Janet Yellen said Friday at a banking conference.
This will mark the fourth round of bank stress tests since 2009. The tests monitor the 19 banks regulated by the Federal Reserve.
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Consumers are very status conscious in Asia, Africa and other emerging-market areas. This is especially true in China.
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[BRIEFING.COM] The stock market ended the Thursday session on a mixed note ahead of Friday's nonfarm payrolls report for February (Briefing.com consensus 163K). The Dow Jones Industrial Average (+0.4%) and S&P 500 (+0.2%) posted modest gains while the Nasdaq Composite (-0.1%) lagged throughout the session.
Equities began the trading day on an upbeat note following comments from the Bank of England and the European Central Bank, both of which reaffirmed their commitment to ... More
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