If everything goes as planned, this week will be the busiest for initial public offerings since 2000.
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Europe's debt-tangle could spread to the stronger French and German economies.
JPMorgan Chase's (JPM) stock is caught up in the undercurrent that is dragging down share prices of all financial sector firms. The bank's shares are trading around $29 -- lows the stock hasn't seen since early 2009. Clearly the fact that the bank surpassed rival Bank of America (BAC) to become the largest in the U.S. in terms of total assets last quarter did not help its stock much.
In view of the weak global economic conditions -- primarily escalating debt in Europe -- and the string of lawsuits concerning the bank, we reviewed our analysis for JPMorgan and revised our price estimate for its stock from $45 to $39.
Central European Distribution has seen plenty of interest this year -- but its businesses remain troubled.
Being right for the wrong reasons
By Morgan Housel
In December 2007, I wrote an article titled "The Impending Destruction of the U.S. Economy." It was one of the more popular articles I've written for The Motley Fool. Readers cheered along with its message. It received almost no pushback or rebuttals -- a rarity. I still get the occasional laudatory email to this day.
And it was almost entirely wrong.
The article was straightforward: The economy was buried in debt, and the chicken was coming home to roost. That part was right, and late 2007 indeed marked the beginning of a debt-fueled recession that lingers today.
Short-term concerns are creating long-term value for this maker of high-tech controller chips.
I think the critical market factors that are needed to drive growth at Marvell Technology Group (MRVL) in 2012 will materialize and be solid throughout the year.
If I'm right in this assessment, I think Wall Street will wake up to the value of the story sometime during the next six to 12 months.
The glass-display maker said a major customer will not honor its contract for the fourth quarter.
The company was forced to lower its fourth-quarter profit estimates after a major customer said it wasn't going to buy as many glass displays as it had promised. Now, Corning has cut its production outlook for the glass it makes for LCD displays.
The company's main problem is that there's too much supply. Corning tried to address that by cutting its LCD glass prices, but that wasn't enough to keep its major customer on board.
HP and RIM are upgraded, while Dillard's is downgraded. Boeing is initiated with a 'buy.'
As the nation's third-largest airline, American Airlines, and its parent company AMR (AMR) filed for bankruptcy protection Tuesday, the much smaller US Airways (LCC) was upgraded to "neutral" from "sell" at Citigroup.
Meanwhile, Hewlett-Packard (HPQ) was upgraded to "outperform" from "sector perform" at RBC Capital. And after being downgraded Monday, Research In Motion (RIMM) was upgraded to "market perform" from "underperform" at Bernstein.
Strong Black Friday sales recharged the sector. These three stocks have big upside potential if the rally continues.
By Tom Aspray, MoneyShow.com
The major averages closed last week just above the key 61.8% Fibonacci support before rocketing to the upside on Monday, spurred on by much-better-than-expected Black Friday shopping.
Over the past several months, many economists had painted a bleak outlook for consumer spending. For example, in late September, the chief U.S. economist at Mizuho Securities, Steven Ricchiuto, said, "What you’re basically getting is a scene where consumers are losing momentum, they’re losing momentum on income, and as a result of that, they’re slowing down on spending."
The model of hub-and-spoke legacy carriers has proved difficult to perpetuate.
By Jeff Reeves, InvestorPlace.com
AMR Corp. (AMR), the parent of American Airlines, announced Tuesday that it will file for bankruptcy protection. Crippling debt, labor issues and higher fuel prices have clipped the company's wings in recent years.
So what does this mean for consumers? Not a whole heck of a lot. American and its partners will keep flying as usual, and day-to-day operations will be unaffected.
The financial site welcomes new contributors, provides more ideas and focuses on building a vibrant investing community.
Welcome to the new Top Stocks. Today we're relaunching the site with a new look, new writers and a new emphasis on connecting with our readers.
We've added dozens of new voices, including that of Gene Marcial, who is bring his must-read Inside Wall Street column (previously a staple of BusinessWeek magazine) to Top Stocks exclusively twice a week. Along with Gene, Top Stocks now boasts some of the top investing columnists on the Web, including Jim Jubak, Jim Cramer, Kim Peterson and Anthony Mirhaydari.
Until we see deep-pocketed institutional buyers snapping up European bonds, we'll remain in market purgatory. Unfortunately, it's tough to see such a scenario.
We need more Jon Corzines.
That's the only way to put it when you look at these bond auctions in Europe. Italy prices some bonds at 7.8%, and we need Corzine in there snapping them up for MF Global, with leverage. We need someone showing people it is a good bet and putting some flex behind the muscle.
Unfortunately, MF Global went bankrupt doing so. Instead we have the Italian people stepping up and getting a decent return on their money as part of a 'Buy Government Bonds' ploy by the Italian government. An individual sucker is born every minute. We need some more institutional suckers now.
Shares of the tech giant are ridiculously cheap.
No one is sure why Apple (AAPL) shares are so cheap. The stock's price-to-earnings ratio is 13.14 (on a trailing basis) -- near the lowest level in the past five years and less than the average for the S&P 500, which is 19.
During that same time period, as Apple changed the world with the iPod, iPhone and iPad, shares have soared more than 300%. And Wall Street analysts think the good times aren't going to end anytime soon. They have an average price target of $505.94. The high estimate is $700.
With the high-stakes drama in Europe, investors looking for the traditional end-of-year rally may find hopes dashed this time around.
The Standard & Poor's 500 index ($INX) usually gains about 1.5%, Dow Jones reports. Investors are reworking their portfolios, feeling good about the holidays and looking forward to the new year.
But this December could well be a little darker.
A share buyback and a stake by Buffett are among the reasons to get charged up over this stock.
By Nicholas Vardy, Bull Market Alert
Serving approximately 22,000 financial institutions, think of MasterCard (MA) as a financial toll road, making its money on each of the transactions it processes. In doing so, MasterCard racks up $545 billion in transactions each year.
Even with the U.S. economy in the doldrums, MasterCard has been making a mint from the global trend toward a switch to cashless payments — whether using credit cards or debit cards.
The pharmaceutical company's share price reflects the bad news but not the potential positives.
Once a highflying growth darling on Wall Street, TevaPharmaceuticalIndustries (TEVA)has fallen from favor. Many nervous shareholders bailed out of the stock because of a string of adverse events, including the pending loss of patent protection in 2014 for its blockbuster MS drug Copaxone. Shares of Teva have tumbled about 40% to $38 a share from a high of $64.54 in late March 2011.
But for opportunistic and not "of the herd" investors, the world’s largest generic-drug maker should be an enticingly attractive buy. And some of the smart-money crowd have been snapping up shares in anticipation of a sharp snap-back.
A lineup of upgrades contributed to Monday's market rally.
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After enjoying a smooth rise in stock prices since May, investors are about to be hit with another bout of volatility.
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[BRIEFING.COM] The S&P 500 (+0.3%) continues hovering near its opening high, while the Nasdaq Composite (+0.7%) displays relative strength thanks to the outperformance of biotechnology (IBB +2.0%) and social media names.
In the social media space, Twitter (TWTR 47.78, +9.19) has soared 23.9% in reaction to its earnings beat and better than expected guidance. Peers Facebook (FB 74.31, +0.60) and LinkedIn (LNKD 184.00, +4.24) holds respective gains of 0.8% and ... More
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