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Carhops on roller skates are one of those quaint throwbacks rarely seen outside of grainy '60s-era movies. Men in fedoras would pull up in a car with giant fins and order a phosphate soda from a bouncy blonde on eight wheels and think nothing of it.

 

Well if you’ve got a hankering for nostalgia -- or just enjoy some entertainment while you eat -- you’re in for a treat. Fast-food chain Sonic (SONC) recently announced plans to revive carhops on roller skates at its drive-in restaurants across the U.S.

• Will a value menu save Arby’s?

The real question for shareholders, of course, is whether the move will cause customers will roll in at Sonic’s 3,500 chain restaurants . . . or just result in sprained ankles and worker's comp claims.

 

It's hard to see how the European finance ministers' deal with Greece, announced Sunday, fixes the crisis. Postpones the day of reckoning, sure. 

News that members of the European Monetary Union have agreed to provide up to $41 billion in loans to Greece over the next year will almost certainly allow the country to refinance the $40 billion or so in debt that comes due in 2010. And at a lower 5% rate of interest than the 7.45% the market was demanding on two-year Greek bonds last week.

But provide Greece with a long-term path to solvency? No.

 

Netflix (NFLX) and Redbox have been able to grow nicely without locking horns, but that might soon change.

If Redbox, owned by Coinstar (CSTR) is considering getting into the movie-streaming business, the two companies could become fierce rivals.

The question is how seriously is Redbox mulling this move, and how much money does it want to sink into it? The company reportedly sent a survey to customers asking how interested they would be in a movie-streaming service for $3.95 a month. 

In the consumer staple space, stocks like Procter & Gamble (PG), Colgate-Palmolive (CL) and Kimberly-Clark (KMB) are basically forgotten -- trading up fractionally or down slightly so far in 2010.

 

But news that these consumer staple companies are ramping up advertising spending tells me they expect some solid growth.

• Five restaurant stocks to buy now

These giants understand advertising very well and what will happen when ad spending increases.

 

The numbers are there, plain as day. They show an economy on the mend, a country returning to its former glory, an America that is once again beautiful.

So why doesn't it feel that way?

This is "the comeback country," Newsweek crows. "America is coming back stronger, better, and faster than nearly anyone expected -- and faster than most of its international rivals," writes Daniel Gross.

 

The Weinstein Co. appears to have moved into prime position to acquire Miramax from the Walt Disney Co. after a weekend meeting at Disney chief Bob Iger’s home, where the independent distributor upped its bid to all cash, TheWrap has learned.

TWC co-chairman Harvey Weinstein and a representative for his billionaire backer, Ron Burkle, met over the weekend at Iger’s home in Brentwood, Calif., to try to seal the deal, according to two knowledgeable individuals.

 

By Jeanine Poggi, TheStreet

 

Best Buy (BBY) was upgraded on Monday on the possibility that it may acquire rival RadioShack (RSH).

 

FBR Capital Markets raised the electronics retailer to “market perform” from “underperform.” Analyst Stephen Chick said such an acquisition would benefit Best Buy, comparing it to the company's 50% ownership of UK-based Carphone Warehouse.

 

While a deal would be boost earnings, there are risks to merging two rival companies, Chick wrote in a note. "We would like to let the dust settle here in order to better assess the risk/reward of Best Buy."

 

Though a bit behind rivals McDonald’s (MCD) and Burger King (BKC), Arby’s is at last rolling out a value menu of its own.

The restaurant is adding more lower-priced items to its menu including a small roast beef sandwich, curly fries and a Jamocha shake -- and operator Wendy’s/Arby’s Group (WEN) is backing them with an expensive new advertising campaign.

 

It’s part of a big push by the higher priced fast-food joint to woo back cost-conscious customers who fled the pricier restaurant for cheaper rivals during the recession.

 

By Jim Cramer, TheStreet

 

If you watch "Mad Money," you know that almost nightly I make fun of the obsession with Greece and the Grecian formula for budget deficits. I keep trying to get peoples' attentions on the amazing earnings and takeovers -- a huge number -- and the turn in the US economy.

 

I am wrong. I have been wrong.

 

I am beginning to think that Greece Gone Wild is good for the U.S. stock market. That's right, I wrote it: GOOD! Before you dismiss this view out of hand, remember that the whole time this Grecian farce has been going on, the U.S. stock market has rallied. That's what got me thinking about this. Maybe the people who obsess about it -- particularly the media -- should be thinking, "What is the real impact on the United States?" and now, "What is the impact on Europe and the United States?"

 

 

 

As the market has continued to rally, one of the big bearish arguments has been that stocks have come too far, too fast. But have they?

 

Not according to Barry Ritholtz, who called both the '08 crash and the '09 recovery. In fact, Ritholtz says this rally is in line with typical secular bear market recoveries. Historically, the median secular bear has lasted about 29 months, and involved a 56% drop — just about what we hit in the recent bear, though much more quickly, he tells Forbes.com. Then, on average, a 70% rebound has followed over the next 17 months.

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“Since we fell much quicker than that, it’s not a surprise that we have bounced 60%, 65% in just 12 months,” Ritholtz says. He thinks a decent sized correction could be "a quarter or three" away, but as long as interest rates stay low, he says it's unwise to short stocks.

 

Ritholtz isn't the only top strategist seeing more room for the market to run.

 

 

The world's largest retailer, Wal-Mart Stores (WMT), will cut prices on as many as 10,000 food and general merchandise items in an effort to reverse its slowing U.S. sales growth. The new pricing has already begun in the company's 3,700 U.S. stores.

Wal-Mart was generally believed to be the company that benefited most from the economic downturn, attracting new customers from a suddenly less-wealthy middle class. The recovering economy has boosted sales at most other retailers. Direct WMT competitors Target (TGT) and Costco (COST) both reported a 10% jump in same-store sales in March.

• Amazon Kindle on Sale at Target? Don't Hold Your Breath

Wal-Mart no longer issues monthly sales figures, but it's no secret that U.S. sales are slowing down and part of the reason is that those recently won-over middle-class customers are returning to their previous favorites.

 

With the global economy in solid recovery mode -- for example, the U.S. economy will grow at 2.4% in the first quarter of 2010, and 2.3% in the second quarter (not great, but a long way from recession), according to the Organization for Economic Cooperation and Development -- I think it's time to reach a little further for yield. (For more on where we are in the economic cycle, see this recent post.)

Navios Maritime Partners (NMM) is a cyclical stock subject to huge ups and downs with the ebb and flow in global demand for commodities such as iron ore, coal, and grain.

But it looks like we're now in the flow part of the cycle.

 

It doesn't help make your investment case when one of the most ruthless and powerful tech companies in the world is after you.

But that seems to be what's happening with Adobe Systems (ADBE), which is certainly feeling the heat of Apple's (AAPL) wrath. Things are now so bad, in fact, that Adobe had to warn investors about it in a regulatory filing.

"To the extent new releases of operating systems or other third-party products, platforms or devices, such as the Apple iPhone or iPad, make it more difficult for our products to perform, and our customers are persuaded to use alternative technologies, our business could be harmed," Adobe said Friday in the filing.

Translation? Apple is gunning for us. And it's scary. 

Two key events took place this week in the housing sector. First, the 30-year fixed mortgage rate moved to 5.21% -- the highest level in eight months.

And that took its toll on homebuilder stocks, which had been on a roll in the last few months. The S&P 500 Homebuilder group broke below its 50-day moving average, the Bespoke Investment Group reported. You can see the ups and downs of the week on the SPDR S&P Homebuilders ETF (XHB).

The rising mortgage rates could crater the fragile recovery that we're just starting to see in the housing market.