5 reasons the market is seeing red
5 reasons the market is seeing red

Geopolitical crises are taking a toll on stocks as we head into the seasonally weak month of August.

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Think this stock can't go any lower? Wait until it's squeezed out and you could be in for a harsh surprise.

By InvestorPlace Nov 4, 2011 9:04AM
By Lawrence Meyers, InvestorPlace.com

It wasn’t that long ago that Netflix (NFLX) was destined to become a category killer. Its disruptive business model of delivering DVDs by mail coupled with its availability of long tail content became so successful that it brought down mighty Blockbuster Video.


But a funny thing happened on the way from a stock price of $8 to $300: Netflix itself began to fall apart even as its shares soared.


That means the peak numbers could be dramatically inflated, and that the lows are still a long way down from here.

 

This IPO is just a repeat of the previous dot-com era, when so many investors lost so much money.

By Jim Cramer Nov 4, 2011 8:57AM

the street logoSo Groupon's (GRPN) initial public offering is being priced at $20 per share? That's what it's going to do? That's the game it's going to play?

 

We saw the same kinds of walk-ups from the low teens to the high back in 1999. Saw it with TheStreet (TST). Go read about it in "Confessions of a Street Addict," in which I exposed this ridiculous practice.

 

The social network posts a quarterly loss, while the coffee giant beats expectations.

By TheStreet Staff Nov 4, 2011 7:46AM
TheStreet

By Joseph Woelfel, TheStreet 

 

LinkedIn (LNKD) posted its first quarterly loss since its May initial public offering despite revenue more than doubling during the period. The business social network also said it will raise up to $500 million in another stock sale.

 

Starbucks (SBUX) beat Wall Street profit expectations for its fiscal fourth quarter by 1 cent on better-than-expected revenue. But the coffee chain gave a fiscal 2012 outlook below analysts' expectations, as it expects rising commodity costs.

 

The data shows that, contrary to popular belief, US consumers -- and consumer stocks -- aren't dead.

By John Reese Nov 3, 2011 5:24PM

Last month, consumer confidence hit its lowest point since March 2009, according to the Conference Board. And that has led many pundits to speculate that the holiday shopping season will be a weak one, with fearful consumers tightening their wallets and businesses struggling to meet profit and sales goals.

 

This tale of the tapped-out U.S. consumer isn't a new one. Ever since the Great Recession and market crash of 2008, many have been saying that the American consumer is too awash in debt to do their part in spurring the economy forward.

 

The coffee giant beats analyst expectations on quarterly revenue and profit.

By Kim Peterson Nov 3, 2011 5:20PM
There is just no stopping Starbucks (SBUX), even in this economy.

The coffee king beat expectations on revenue and profit in its fourth quarter, propelled by a double whammy of good news. Same-store sales rose 10% -- higher than the 7.5% analysts were expecting -- and customers spent more money per transaction than before.
 

Few predicted a rate cut from the European Central Bank, but that's just what happened at Thursday's meeting.

By Jim J. Jubak Nov 3, 2011 3:35PM
Surprise! Just when everybody assumed that the European Central Bank would do nothing, it cut interest rates by 0.25 percentage points at new President Mario Draghi's first meeting Thursday.

The cut brings the bank’s benchmark interest rate down to 1.25%. Only four of the 55 economists surveyed by Bloomberg before the meeting predicted a rate cut.

The thinking was that with inflation climbing to an annual rate of 3% in October -- well above the bank’s target of just below 2% -- Draghi would be reluctant to move at his first meeting.
 

General Motors shares are underperforming as Chevrolet, its biggest division, celebrates its centennial.

By TheStreet Staff Nov 3, 2011 2:48PM

By Ted Reed, TheStreetTheStreet

 

As Chevrolet celebrated its 100th birthday Thursday, parent company General Motors (GM) must be said to have aged well after surviving a serious illness in its 98th year.

 

GM, which has been promoting the centennial for much of the year, marked the day with an announcement that Chevrolet sold its 1 millionth Cruze this week.

 
Tags: Fgm

British designer Stuart Hughes, famous for super-luxury devices, has crafted a diamond-and-bone-encrusted iPad.

By Kim Peterson Nov 3, 2011 2:27PM
Credit: © Stuart Hughes
Caption: iPad 2 Gold History Edition by Stuart HughesStuart Hughes has taken ridiculous luxury to a new level with his latest iPad.

The designer, known for blinging up iPhones and other devices, has come out with a new iPad that contains shavings from the thigh bone of a 65 million-year-old Tyrannosaurus Rex. I'm pretty sure Hughes is the only person in the world who could have thought this one up.

The Tyranno-pad comes with a hefty price tag: 5 million British pounds, or about $8 million. 

BBM Music is a cacophony, and RIM knows all the words.

By Motley Fool Pick of the Day Nov 3, 2011 1:40PM

By Rick Aristotle Munarriz

 

I guess Research In Motion (RIMM) can't take a hint.

 

The BlackBerry maker rolled out its social music app Wednesday. We've generally had a bad feeling about BBM Music since it was initially announced three months ago.

  • "Color me skeptical," Tim Beyers says. "Don't expect it to add color to RIM's otherwise bleak profit picture."
  • "I'll go as far as to make a prediction: One year from today, BBM Music will be gone, dismissed as a failed experiment, while RIM's market share drops into single-digit territory," Evan Niu forecasts.
  • "Social music is something that even the successful companies haven't been able to get right, so why is RIM wasting its time here," I say. "This service is likely to last about as long as a punk song."

Well, I guess it's time to cue up "Blitzkrieg Bop."

 

An energy-sector specialist thinks these stocks are a screaming bargain.

By TheStockAdvisors Nov 3, 2011 1:26PM
by Elliott Gue, Personal Finance

Energy stocks are at their cheapest since late 2008, when oil prices fell from about $150 per barrel. Either oil prices are headed for a 2008-style collapse, or energy-related stocks are a screaming bargain and could double in value over the next 12 to 18 months.

In my view, the latter scenario is far more likely. To play this trend, here are three of our favorites in the oil-services sector: Weatherford International (WFT), SeaDrill (SDRL) and EOG Resources (EOG). 

These funds target the auto industry, which has performed well despite macroeconomic headwinds.

By TheStreet Staff Nov 3, 2011 12:45PM

Image: Car salesman showing couple new silver hatchback in car showroom © Juice Images/Cultura/Getty ImagesBy Don Dion, TheStreet TheStreet

 

After an October for the record books, the markets kicked off November on a choppy note. Approaching the end of the year, investor fears have been rekindled by the European debt crisis.

 

While the sour start to the month may be enough to drive some investors back toward havens, I encourage them to avoid shunning the markets entirely.

 

Predicting the next big thing among youths is nearly impossible, but choosing good investments in the teen-retail sector doesn't have to be as difficult.

By TheStreet Staff Nov 3, 2011 11:59AM

Image: Woman looking at mannequins in boutique, smiling © Michael Hitoshi/Digital Vision/Getty ImagesBy Lindsey Bell, TheStreetTheStreet

 

The back-to-school season was a success for most retailers, a sign finicky teens are still spending. But which clothing and accessories retailers are worth investing in?

 

Despite teenage unemployment at a staggering 24% (compared with the national average of 9.1%) and rising prices, young people are willing to spend on new, must-have things like denim jeans and phones.

 

Once a supposed blockbuster, Provenge costs a whopping $93,000 per treatment, but its effectiveness has been called into question.

By InvestorPlace Nov 3, 2011 11:22AM

By Barry Cohen, InvestorPlace.com

 

Dendreon (DNDN) was getting ripped apart Thursday with a 35% loss in intraday trading. The reason for the biotech company's woes is a report that sales of its potential blockbuster cancer drug may top out at $500 million -- a fraction of what many people had hoped for – and may see even more disappointing numbers if its direct-to-consumer advertising campaign falls short.

 

So what's the score? Does this cancer cure have more potential than critics are claiming, and does it have a future with patients who are simply desperate for alternative treatments?

 

A trial of the company's new drug was so effective that it was stopped early, which bodes well for its final approval.

By Kim Peterson Nov 3, 2011 11:04AM

Updated: 5:54 p.m. ET

 

A new treatment for prostate cancer was so effective that its clinical trial was halted early, and shares of the developer rocketed Thursday as a result.

Medivation (MDVN) shares saw their biggest intraday percentage spike since December 2004, Bloomberg reports. The stock soared 140.5% to $39.75. Shares closed Wednesday at $16.53.

 
Tags: JNJ

We're willing to buy companies that report strong quarters only if the news out of Europe is also good.

By Jim Cramer Nov 3, 2011 10:55AM

the streetSurprise? Or no surprise? I am talking about the rate cut Thursday morning in Europe, which signaled to many investors that the new chief central banker, Mario Draghi, is going to try to put out the economic fire while governments deal with the debt issues at hand.

 

I think it's obvious that we rallied Wednesday because some people knew this was going to happen, so the euphoria quickly died down and we are left with, alas, the ISM report on services in this country, which was disappointing; retail, which was really disappointing; and some earnings reports that were exceptional, like Qualcomm's (QCOM).

 

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[BRIEFING.COM] The stock market punctuated July with a broad-based retreat that sent the S&P 500 lower by 2.0% with all ten sectors ending in the red. The benchmark index posted a monthly decline of 1.5%, while the Russell 2000 (-2.3%) underperformed to end the month lower by 6.1%.

To get a better feel for what led to today's retreat, we'd like to look back to Wednesday, when the market had ample reason to rally, but did not. Instead, it ended basically flat after a sloppy day of ... More


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