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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With the size and scope of the USPS, more than just delivery-dependent providers would feel the pain.
The United States Postal Service is in dire straits. It is projecting a $6.4 billion loss and could run out of money by the end of the month without a congressional bailout to meet pension requirements.
The driving forces behind the agency's financial woes are many, including a precipitous drop in mail volume because of the digital age, skyrocketing labor costs and an inefficient network populated with infrequently used rural post offices and routes that just don't make sense financially.
But more than just mail routes and government payrolls would be affected. For-profit businesses have a lot of skin in the game, too. Here are five businesses that could suffer from a USPS overhaul.
Don't be dissuaded by Monday's sell-off. It's just another opportunity to add the metal to your portfolio.
The papers are filled with doom and gloom. Let's count 'em: Treasury Secretary Timothy Geithner didn't seem to get much done in Europe, so we had another terrible day for the euro. Worries about higher consumer prices without higher growth have people buzzing about stagflation. And there's no let-up in residential housing prices in China. This is all within the past 72 hours.
Pretty grim, right?
Unless, that is, you think about the prospects of what it might mean for gold, which, bizarrely, sold off Monday, giving you another chance to get into the precious metal.
Why was it down? Oddly, I think it's because Europe isn't collapsing and the reports of it getting out of control are greatly exaggerated. I reiterate the faith I feel in what Geithner said last week -- that there will be no more Lehmans. If that's the case -- and the market seems to be saying it with gold not soaring -- we have more ways to win than just gold.
The manufacturer cuts revenue and profit guidance for the year. What does this say for the company and the sector?
The company hopes its smaller, cheaper packages will appeal to consumers on tight budgets.
That's causing problems for Coca-Cola (KO), Pepsi (PEP) and other soft-drink makers. Soda volumes in the U.S. are down for six years straight.
So now, Coke is downsizing. The company will debut 12.5-ounce bottles for 89 cents each, The Wall Street Journal reports. The move continues a trend toward smaller bottles for the company. Last year, it began selling a 16-ounce bottle for 99 cents -- slimmed down from the 20-ounce bottles in convenience stores.
Microsoft tests the limits of conventional operating systems with its new vision.
By Evan Niu
Microsoft's (MSFT) Windows 8 is here.
At least it is if you're a developer. The official public release won't be until late next year, and the operating system is far from complete. We got a sneak peek at AllThingsD's D9 conference earlier in the year, but now we're getting a better idea of what Redmond's next big release will be like.
This week at the company's BUILD Windows developer conference in Anaheim, Calif., additional details emerged surrounding Microsoft's ambitious new operating system. The OS represents more than a concerted assault on the tablet market, but rather embodies an entirely re-envisioned and unified approach to computing that includes mobile computing.
With the national fiscal situation in tatters, President Obama pushes for long-term budget austerity, including a 'Buffett tax' on the rich.
President Barack Obama has sure been busy lately. Two weeks ago he unveiled his American Jobs Act in front of a joint session of Congress -- a $450 billion stimulus plan composed mainly of tax cuts along with spending on infrastructure and unemployment benefits. The idea is that it would boost the economy in the near term and stave off the risk of another recession driven by premature budget tightening.
But that doesn't remove the need for a long-term plan on cutting the deficit and reducing the national debt -- the lack of which was responsible for America losing its AAA credit rating last month. It's a delicate balance: The government needs to listen to the bond market and borrow now at ultra-low interest rates to support the economy before pulling the plug later as the recovery becomes self-sustaining.
Monday, Obama unveiled his plans for the second half of this strategy --a $4 trillion cut to the budget over 10 years featuring, most prominently, a $1.5 trillion increase in taxes on the wealthiest Americans to ensure they don't pay lower tax rates than the middle class.
But would the so-called "Buffett tax" -- proposed by Berkshire Hathaway (BRK.A) CEO Warren Buffett and pushed by Obama -- sink the economy by soaking the rich?
Don't want to throw your own money into the market? A new contest gives you fictional cash, but the winner will take home a real $1 million.
It's a typical stock-picking contest, with winners determined by who has the highest portfolio gain. The second-place finisher gets a new Maserati, and weekly winners get exotic vacations to places such as Dubai and South Africa.
These picks offer safe, steady returns as well as solid growth potential, making any of them worthy buys on any pullback.
David Marcus, the manager of the Evermore Global Value Fund, says he's seeing the biggest bargains in 20 years in Europe.
By Robert Holmes, TheStreet
David Marcus, the manager of the Evermore Global Value Fund (EVGBX), says alarming news stories about Europe's debt debacle -- including a possible default in Greece -- are creating the biggest bargains in two decades.
As a global value-fund manager, Marcus has put his focus squarely on European stocks, as many stock indexes from Germany to France to Italy are mired in bear markets after plunging on sovereign bankruptcy fears plaguing the continent.
"We're in a world of headline readers, and they see it's pretty bad out there," Marcus says. "What our investors are paying us to do is sift through the headlines and dig deep. There are a lot of problems in Europe. We're finding that while some things are worse than the headlines, there are more opportunities there than I've seen in 20 years."
Mining shares have largely missed out on the metal's recent rally, but some analysts think that's about to change. With video analysis.
By Alix Steel, TheStreet
Gold stocks may have missed the rally in gold prices, but they're poised to hop on the bandwagon.
The changing environment for gold stocks has been a prominent topic at the Denver Gold Forum this year. It was only a year ago that the thought of $2,000 gold was reserved for the more enthusiastic gold bugs. Today that price target is becoming the norm.
"We have about a 40% probability that gold will be over $2,200 next year," says Martin Murenbeeld, the chief economist at DundeeWealth. "We have about a 50% probability that gold will average between $1,950-$2,000 an ounce."
Qwikster, the company's new DVD-by-mail branch, will offer video game rentals. Is this yet another mistake?
By Jeanine Poggi, TheStreet
The company announced Sunday that it is dividing itself into two companies -- one for its DVD-by-mail program, called Qwikster, and another for its streaming service, which will continue to operate under the Netflix banner. As part of Qwikster, subscribers will be able to rent video games for Wii, PlayStation 3 and Xbox 360.
Chief executive Reed Hastings said on Netflix's blog that this will be a video upgrade, which implies subscribers will need to pay more for the service. But Hastings didn't reveal how much more it will cost. Rival GameFly offers the service starting at $15.95 a month, while Blockbuster includes video game rentals in all of its packages, which start at $9.99 a month.
Funds that track transportation, housing and software will be in the spotlight.
By Don Dion, TheStreet
Here are five ETFs to watch this week.
Transportation companty FedEx (FDX) is scheduled to announce its quarterly earnings on Thursday. While FedEx's numbers will generate interest from transports fans, the firm's report and outlook will also provide ample clues on the state of the global markets.
FDX is IYT's second largest holding, representing close to 10% of the fund's total portfolio.
We are beginning to recognize that the sovereign debt crisis will be solved -- just not in a way that is satisfying to anybody.
Some things never get old -- or discounted, for that matter. That's how I am feeling about the sovereign debt crisis.
You put it past you for a couple of days and a lot of money is made. Not a little but a lot. And then it comes back and bites you again because it can't be solved easily. The fact is, though, we are beginning to recognize that it will be solved. It just won't be solved well and in a way that is satisfying to anybody.
In other words, get used to it, it will play out, it will hurt people, but it might not hurt as many stocks as you think.
I am taking this posture because I like to see how players react to the same stimuli over and over. In other words, whenever futures are down off of Europe, do the same people who missed the rally big hold their hands up, point fingers and say "I told you so?"
As often happens, strong bearish sentiment helped boost the market all week, but it’s best to wait to buy until a pullback occurs, which could come as early as mid-week.
By Tom Aspray, MoneyShow.com
The stock market got very close to the key levels in the major stock ETFs Monday, and then spent the rest of the week rebounding. This was in spite of very little in the way of positive news, either on the US economy or the Euro debt crisis.
Some of the Euro pain was lessened last Thursday, after the world’s central bankers moved to offer unlimited dollar funding through the end of the year. This helped the hard-hit European banks, especially those in France, to rebound.
The news on our economy was not a big help. Retail sales were flat and Best Buy (BBY) reported 30% drop in income for the second quarter. Retail sales were hurt by the several days lost because of Hurricane Irene.
A recent survey of economists by The Wall Street Journal sees a 1 in 3 chance the US will slip into a recession. They also put even odds that the euro would breakup.
The Conference Board was even more negative on the economy, as they see a 45% chance that there will be a recession.
Energy Transfer Partners may run into a problem with growing cash distributions.
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[BRIEFING.COM] The stock market finished the Wednesday session on an upbeat note with the Nasdaq (+1.3%) ending in the lead. The S&P 500 settled higher by 1.1% with all ten sectors posting gains.
The benchmark index spent the entire trading day in the green, rallying to new highs during the last hour of action. The tech-heavy Nasdaq, meanwhile, briefly dipped into the red during morning action, but was able to recover swiftly.
Stocks began the trading day with modest gains ... More
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