There are some picks in this sector that have excellent valuations and strong earnings growth.
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The oil company's planned sale of an Argentine unit falls apart. The bookseller may introduce an upgraded tablet device.
By Andrea Tse, TheStreet
Updated at 8:50 a.m. ET
BP's (BP) planned $7.1 billion sale of a stake in Pan American Energy to Cnooc (CEO) has fallen apart. Bridas Corp., which is owned by China's Cnooc and the Bulgheroni family of Argentina, said late Saturday that it scrapped the transaction, citing legal reasons. BP said that its financial condition has improved significantly over the past year and that it will keep its stake in Pan American Energy.
Tuesday’s drop gave investors an excellent entry point for a sustained rally. Of course, certain groups appear better than others at the moment.
By Tom Aspray, MoneyShow.com
It was another headline-driven week for the markets, as last Tuesday’s plunge in reaction to uncertainty in the Euro debt plan shook the confidence of even some bullish investors.
As I noted last week, the market was quite overbought, so a correction was likely. But it was sharper than I expected.
The market is now awaiting the confidence vote in Greece, which will be completed late Friday, and concerns have been growing over Italy since Prime Minister Silvio Berlusconi turned down funding from the IMF on Friday. The Italian bond and stock markets were not convinced, and once again came under pressure.
Though Tuesday’s losses were quite severe, if you look at the charts the pullback looked fairly normal. In many cases, Tuesday’s decline just filled the gaps from the previous week, which is pretty normal from a technical standpoint.
Shares of the restaurant-reservations site rose Friday, but is it enough to reinvigorate the stock?
OpenTable (OPEN) closed up slightly Friday to $41.88 on news that Morgan Stanley had taken a 5.9% passive stake in the company.
This is good news for the restaurant-reservations site, which has been struggling (and failing) to maintain its share price over the past few months.
The country is the world's largest producer of incandescent and energy-efficient bulbs.
The ice-cream company says it can't continue without getting access to millions of dollars in cash.
The company is $12 million in debt, and revenue dropped from $33.9 million in 2009 to $26.7 million last year, Bloomberg reports. Executives want a bankruptcy judge to let it access the cash it previously used as collateral for an $11 million bank loan.
Dippin' Dots said it "will have no ability" to operate if it can't get that collateral, Bloomberg reports.
With 2 governments on the brink, the bailout fund on the fritz, and the bond market under pressure, the eurozone's debt crisis has reached a new stage.
As the leaders of the G-20 nations bid adieu to their seaside meeting in Cannes, France, a sense of disappointment is wafting over global financial markets. After last week's triumphant eurozone meeting in Brussels, where a new comprehensive bailout plan was hammered out, the G20 meeting was supposed to be a dog-and-pony show for the Europeans to present their new plan (slash Greek debt by 50% and use the power of leverage to maximize their existing bailout fund, the EFSF) and try to seduce leaders of China, Brazil, and Russia to invest in Europe's future.
The daily-deals site's highly anticipated IPO opens to strong demand.
The company soared more than 40% past its opening price of $20 in morning trading. Groupon is said to have raised about $700 million in the offering.
The daily-deals site bumped up its opening price to $20, but that still wasn't high enough for the market.
Updated: 4:55 p.m. ET
Say all you want about Groupon's (GRPN) questionable cash flow, issues with scale and encroaching competition. The market doesn't care.
The daily-deals site soared more than 40% past its initial public offering price of $20 Friday, and closed with a 30.6% gain at $26.11. That placed the company's valuation at about $12 billion to $13 billion. Not a bad figure, but nothing close to the $20 billion Groupon previously thought it was worth.
Insiders turn bullish on the circuit maker with one director buying a $2 million position.
By Mark Skousen, Hedge Fund Trader Alert
Over the years, many of our biggest profits have come from riding the coattails of knowledgeable insiders.
You don’t get buy signals much better than top officers and directors investing significant amounts of their own money in their companies at current market price. That’s why I want to draw your attention to Cirrus Logic (CRUS).
A closer look at key market internals makes the answer to this ongoing debate quite clear.
By Tom Aspray, MoneyShow.com
Tuesday’s selling in the stock market was quite vicious, but most stocks made their lows on the opening and then closed well off the worst levels. The selling reinforced the worst fears of many market analysts, who quickly cast doubt on the October stock market rally.
The sharp rebound on Thursday has clearly surprised many, and a nervous market now heads into the monthly jobs report. Sentiment has turned more bullish over the past few weeks, as 40.1% of the individual investors in the American Association of Individual Investors (AAII) survey are bullish, up from a low on September 22 of 25.3%.
With high-quality assets, this low-cost driller is poised to be a big winner if natural gas prices turn up.
By Nathan Slaughter, Scarcity & Wealth
Natural gas accounts for fully 96% of the production mix at Encana (ECA). That skewed weighting puts Encana at a disadvantage in the current pricing environment.
The Canadian company makes no bones about being a natural gas specialist and is an outspoken industry advocate. And if you're looking for a well-managed pure play that is perhaps the most leveraged to rising natural gas, this is it.
Think this stock can't go any lower? Wait until it's squeezed out and you could be in for a harsh surprise.
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.
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 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.
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.
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[BRIEFING.COM] The S&P 500 ran into a wall of resistance shortly after the top of the hour and dipped back to its lows of the morning (which weren't all that low). The pullback was emblematic of today's session where there simply hasn't been much conviction.
The latter is raising a few eyebrows since there was enough good news this morning (eg., no escalation of geopolitical problems, M&A activity, ISM Index at highest level since March 2011) to power up the market, and yet ... More
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