The most likely scenario is that the markets will begin to rise from here -- and that bounce is just beginning to take hold.
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Throw in high fuel prices, and the sector faces yet another tough year.
The airline industry has always been a notoriously difficult place to make money. Former American Airlines (AMR) Chairman and CEO Robert Crandall once characterized it as "a nasty, rotten business" that most resembles "the old game of Christians and lions."
So with European Union economies in disarray and fuel price volatility continuing to eat airlines' lunch, airlines face yet another treacherous year in 2012. Indeed, the worst-case scenario would be if the euro zone fiasco deteriorates into a full-blown banking crisis and European recession (with worldwide repercussions). If that happens, the global aviation industry could lose more than $8 billion next year, according to the international airline trade group IATA.
As far as we can tell, this holiday season is strong, and the group's fundamentals remain positive.
But I continue to believe that we are having a strong holiday season. It's just that so much of it this these days is online. The numbers we are getting out of FedEx (FDX) and International Paper (IP), which makes container board to ship with, are so strong that I have to believe that we are now in a world where bricks and mortar just can't give you the upside of the old days.
The automaker is a bargain bet on a US economic turnaround.
Our latest featured recommendation is all-American stalwart and success story Ford Motor Co. (F), a bet on U.S. consumers and the burgeoning economic recovery.
Even as Europe struggles with its debt crisis, the news from the U.S. economy has been improving steadily.
Prices have fallen from a year ago, however, on worries that demand might drop.
The new operating system is expected to be the company's biggest debut ever, as it will target desktops, notebooks and tablets.
The Windows platform currently dominates the operating system market and competes with Apple's (AAPL) Mac OS, Linux-based distributions and, to some extent, Google's (GOOG) Chrome OS. Windows 7 had a successful launch two years ago, having sold more than 500 million licenses worldwide to date. Windows 8 is expected to be launched in 2012, but may be delayed to early 2013, according to some reports.
Disappointment with last week's eurozone summit and a lack of new initiatives from the Federal Reserve unleash a torrent of selling pressure focused on commodities like gold.
Stocks and other risky assets have plunged this week as traders returned -- after a weekend of studying last week's disappointing eurozone summit -- in the mood to sell. After researching the finer points of European Union governance, Wall Street realized that the incrementalism and obsession with fiscal austerity demonstrated last week were, in retrospect, no palliative.
The European debt crisis hasn't ended; it's entering a dangerous new stage after leaders flubbed a critical opportunity. And Tuesday's Federal Reserve announcement, which featured no teasing of any new stimulus measures, reminded everyone that central banks cannot solve the structural problems plaguing the global economy.
A new rule says ads can't be louder than the programs they accompany. But is the regulation really needed?
The Federal Communications Commission unanimously passed a rule Tuesday that says commercials can't be louder than the programs they accompany.
Congress gave the agency authority to shush those commercials last year when it passed the Commercial Advertisement Loudness Mitigation (CALM) Act to address the situation. The FCC's rule takes effect one year from now.
Verizon's rumored to be interested, but it may not be alone.
By Rick Aristotle Munarriz
Can you buy me now?
Rumors of Verizon (VZ) eyeing an acquisition of Netflix (NFLX) were enough to send the beleaguered video buffet operator 6% higher Monday on an otherwise dreary market day, but let's not run out to see what's on the bridal registry just yet.
Southwest Airlines will become the launch customer for the aircraft maker's new 737 Max.
The order includes 58 of Boeing's current 737s. The rest of the order will be filled with the new 737 Max, a single-aisle jet that promises to be 10% to 11% more fuel efficient than current models. If the plane fulfills expectations, it could become the new workhorse in Boeing's single-aisle 737 lineup.
Constant innovation in genetics and agronomics will help biotech sustain its growth curve in the long term.
The agriculture and nutrition-based products division accounts for 32% of DuPont's stock value by our estimates, and we believe that continued expansion of its product line portends solid long-term growth in its agriculture business. DuPont competes with other giants such as Syngenta AG (SYT), Monsanto (MON) and Dow AgroSciences (DOW).
A seasonal period of strength for the metal is right around the corner.
By Tom Aspray, MoneyShow.com
Once again, the European debt crisis hit global stock markets on Monday, but share prices were trying to stabilize Tuesday.
The major U.S. stock market averages lost less than 1%. The gold market, however, was hit harder, with the SPDR Gold Trust (GLD) dropping 2.2% and February Comex gold futures tumbling by over $48 per ounce.
The stronger U.S. dollar got the majority of the credit for gold’s decline, while raising cash at any price to protect against the euro’s demise was also a popular explanation.
The third quarter of this year was the worst on record for the industry since the height of the financial crisis.
Investment banks and other financial industry participants involved in stock trading and market making just can't seem to catch a break.
Firms like Goldman Sachs (GS), Morgan Stanley (MS) and the beleaguered Jefferies Group (JEF) have already reported dismal results for the third quarter. Now comes news from the New York Stock Exchange that all of its member firms -- those broker-dealers that make up the exchange -- appeared to share the pain.
Ignoring fundamentals, here are some stocks that could bounce due to tax selling and window dressing.
At this time of year, we often see artificial selling pressures that may result in buying opportunities almost regardless of stock fundamentals or market conditions.
These selling pressures come from two sources: tax-loss selling and portfolio window dressing. The extreme volatility this year has produced a particularly interesting crop of year-end bounce candidates.
Best Buy is downgraded, while Panera Bread is upgraded.
Tuesday's noteworthy upgrades include:
- Murphy Oil (MUR) upgraded to Buy from Hold at Deutsche Bank
- Hess Corp. (HES) upgraded to Buy from Hold at Deutsche Bank
- Marathon Oil (MRO) upgraded to Buy from Hold at Deutsche Bank
- Panera Bread (PNRA) upgraded to Buy from Hold at Jefferies
- Union Pacific (UNP) upgraded to Outperform from Sector Perform at RBC Capital
Recent ambition should fuel this energy company for years to come.
It's no secret that the world is witnessing a natural gas boom. New advances in drilling technology have allowed E&P firms the capability to access gas trapped within various shale rock formations across the world. Billions of dollars worth of new investment have flown into the sector, and the newly found abundant supplies have the International Energy Agency calling this the "golden age of gas."
Overall, the group estimates that global consumption of natural gas will rise by more than 50% during the next 25 years. To that end, most of the major integrated energy firms have been expanding into shale and natural gas assets at record paces. One such major energy firm, Royal Dutch Shell (RDS.A, RDS.B), could rise to the top of the pyramid after some recent strategic investments.
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Remy Cointreau says it was 'adversely affected' by China's anti-extravagance policy.
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[BRIEFING.COM] The stock market ended the holiday-shortened week on a mixed note as the Dow Jones Industrial Average shed 0.1%, while the S&P 500 added 0.1% with seven sectors posting gains.
Equity indices faced an uphill climb from the opening bell after disappointing quarterly results from Google (GOOG 536.10, -20.44) and IBM (IBM 190.04, -6.36) weighed on the early sentiment. Google reported earnings $0.15 below the Capital IQ consensus estimate on revenue of $15.42 ... More
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