Finance professor Jeremy Siegel still expects the Dow to hit 18,000. But he's concerned about the labor force and commodity prices.
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Taking advantage of patience and fear.
By Jim Mueller
A month ago, I lamented the fact that the share price of Power-One (PWER) , a maker of DC-to-AC inverters for the solar and wind industries, had dropped well below $8 and then rebounded before I had a chance to buy. Of the 10 different companies my Messed-Up Expectations portfolio owns, I believe this one has the most growth opportunity and I wanted a really good price for my last purchase.
Well, the opportunity has arisen again -- given the volatility of the stock, I figured it probably would -- thanks in part to reaction to an announcement the company made last week. First, some background.
Latest sector analysis shows consumer staples and health care could be the new star performers. Also keep an eye on energy and technology, and avoid lagging financials.
The Oracle of Omaha has shown interest in a variety of energy trades.
By Don Dion, TheStreet
During his illustrious career, Warren Buffett has ventured into a vast number of market sectors.
With generous exposure to companies including Wells Fargo (WFC), Coca Cola (KO), Johnson & Johnson (JNJ) and Wal-Mart (WMT), the Oracle of Omaha has built an investment portfolio that will allow him to not only profit during times of prosperity, but also weather economic storms down the road.
Energy is a major component of Buffett's empire. Two clear examples of Buffett's foray into the energy industry can be seen through his investments in Exxon Mobil (XOM) and ConocoPhillips (COP). The exposure to these two firms has given Buffett direct access to the global oil markets.
Cisco shutters the Flip video camera. A new government budget makes no bleep on the radar despite earlier hoopla. GE bounces back from fake press release.
5. Cisco flips out
Cisco (CSCO) finally faced up to the reality of its shortsighted $590 million bet on the Flip video camera this week.
The decision to shutter Flip was faintly praised by Wall Street, only because burning $590 million on Flip in the first place was such a headsmacker to anyone who has owned a cell phone. They've been around for quite a while, and cameras were certainly not a new feature to phones when Cisco thought buying Flip was a great idea less than two years ago.
Co-founder Larry Page wants to boost revenue through networking, along with mobile and display ads. With video on reaction to Google's quarterly financial results.
By Scott Moritz, TheStreet
Google, whose new CEO led the company's conference call for two minutes, reported earnings of $8.08 a share, which fell short of expectations by 2 cents. Sales rose to $6.5 billion from $5.07 billion a year ago. Analysts had expected sales of $6.32 billion. The shares were down 6.7% at $539.53 at 10:37 a.m.
Google co-founder and new chief Larry Page had few words -- 389 to be exact -- for Wall Street during the company's first-quarter earnings call, but his spending strategy spoke volumes. Page's plan calls for a bold spending attack on Facebook and an urgent expansion into social networking, along with mobile and display ads.
We're in an absurdist moment now as the market swings too far against everything.
Tough crowd, these bank followers. I couldn't believe the dive that Bank of America (BAC) stock took when only half the headline had first come out, as if the earnings per share of any bank -- let alone one with charge-offs and gains galore -- could be trusted.
We are in an absurdist moment right now. The companies showing the best growth in my whole universe aren't financials, they aren't techs, and they aren't biotechs for that matter.
They are oil and gas plays. EOG Resources (EOG), Whiting Pete (WLL) and Continental Resources (CLR) -- all three Bakken plays -- are clean-up hitters. Their numbers are remarkable. I had Carrizo (CRZO) on my show this week, just another plain-vanilla oil and gas company, and it is putting up high double-digit growth in some fields. Of course, it is all technology -- horizontal drilling exploiting old fields for new gains.
The bank's investors may have been skittish about revenue weaknesses, especially in this lending market.
Technology writers say it's too early to buy the PlayBook tablet, which is missing some key features. With video.
The PlayBook goes on sale April 19, and unfortunately the early word isn't completely positive. The tablet is getting praised for a gorgeous screen and solid hardware, but reviewers have hammered the PlayBook for shipping without complete features (like the ability to handle email -- email! -- on its own.)
Walt Mossberg, the go-to source for gadget reviews, says he can't recommend the PlayBook over a fully standalone tablet, except maybe for people whose BlackBerry devices never leave their sides. That's because you need a BlackBerry phone in order to do basic tasks on the PlayBook, such as checking mail, looking at your calendar or chatting over the Messenger system.
Post continues after this fun video review of the PlayBook:
A 2-year investigation into Wall Street's part in the financial crisis points fingers at Goldman and its chief executive. With video.
And now some findings in the 639-page report could lead to criminal or civil prosecution by the Justice Department and regulators. You can read the report here (.pdf download).
A Senate panel has finished a two-year investigation into the financial crisis, looking at internal memos, emails and employee interviews, according to The Los Angeles Times. There's plenty of blame to go around here. Investigators found "heedless risk-taking," conflicts of interest and oversight failures.
There are also plenty of bad guys, and Goldman is at the top of the list. The panel's chairman, Sen. Carl Levin, D-Mich., said Goldman misled its clients and Congress.
Post continues after this video about the Senate report:
Given the strong technicals, we can define a good entry and exit strategy for each.
The car-sharing company, a leader in its sector, blows past its initial offering price of $18 a share. With video.
Investors seized the hottest initial public offering of the week by far, pushing its stock price to $30 when the market opened. By midday, however, the stock had fallen to $28.30 -- still a nice haul for Goldman Sachs (GS) and JPMorgan Chase (JPM), which managed the offering.
The IPO was widely anticipated by investors, mostly because Zipcar has a strong brand and a firm position in the car-sharing industry. Users reserve cars by phone or computer and then pick up the cars using keyless-entry cards. The service has taken off like a rocket at college campuses and 14 major cities, and the company hopes to expand several times over.
"Zipcar is trading well because it is establishing a new market and they are profitable in a number of their early markets," one analyst told The New York Times. The IPO raised $174.3 million for the company, Reuters reports.
Post continues after this video interview with Zipcar's chief executive:
The console's cost could be cut to $150. If the report is accurate, this will be only the system's second price cut since it debuted at $250 5 years ago.
By Rick Munarriz
A trusted yet unnamed source tells tech blog Engadget that Nintendo plans to drop the price of its Wii to $150 on May 15.
If the report is accurate, this will be only the system's second price cut since it debuted at $250 five years ago. Sony's (SNE) PS3 and Microsoft's (MSFT) Xbox 360 have taken more aggressive markdowns, but they also were introduced at much higher price points.
Investors can use a number of exchange-traded funds to offset inflationary pressure.
By Don Dion, TheStreet
Despite reassurance from the Federal Reserve, factors such as rising commodity prices and the decline of the U.S. dollar have led some analysts, market commentators and investors to question whether inflation will threaten the economic recovery.
Thanks to the rapid expansion of exchange-traded funds, individuals have numerous ways to protect themselves.
Gold has traditionally been a go-to resource for investors concerned about inflation. In the past, when the purchasing value of the dollar has chipped away, the yellow metal has become a welcome source of stability. In recent years, interest in gold has taken off as prices have ascended to all-time highs.
Investors want to hear the new CEO's plan to sharpen the search giant's innovative edge when the company reports earnings after Thursday's close.
By James Rogers, TheStreet
As Google (GOOG) kicks off tech earnings season with the release of its first-quarter results after the bell Thursday, new CEO Larry Page -- presumably speaking on the company conference call at 4:30 p.m. ET -- will set the scene for a new era in the search giant's history.
Page is taking Google's reins at a critical juncture for the lumbering tech firm, which while securing its spot as the market leader in search has fallen behind other, more nimble Silicon Valley techs like Facebook.
Just a week into his new gig, Page streamlined Google's management and identified six core product channels, which include mobile, social networking and video. Investors will be looking for more about Page's strategy. They're also likely be looking to hear how Google plans to expand its core search capabilities, which account for about 90% of the company's overall revenue.
It's hard to rally when the headlines are all about how banks colluded on this or cheated on that and need to be investigated further.
If we decide that JPMorgan Chase (JPM) and Alcoa (AA) are all that matter and that the hot IPOs, the Graham Packaging (GRM) deal and the decline in oil don't matter, we are in for a long day -- even as I could spin all of that in an incredibly positive light.
Still, I have to tell you, I had a pit in my stomach when I read that Sen. Carl Levin, D-Mich., has a report out charging that Goldman Sachs (GS) misled Congress during the financial crisis.
I said to myself: "No, you see, Lehman and Bear Stearns and Washington Mutual and Fannie and Freddie misled everyone, and Goldman was the one left standing and is therefore the target."
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Firearms sales surged in 2013, but there are signs that demand is starting to wane.
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[BRIEFING.COM] S&P futures vs fair value: +11.80. Nasdaq futures vs fair value: +6.00. The stock market is on track to begin today's session on a higher note following a better-than-expected nonfarm payrolls report for February (175K actual, 163K Briefing.com consensus). The S&P 500 futures trade 12 points above fair value with the bulk of the gain coming after the jobs report.
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