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Some of these smaller US companies have seen their share prices more than double this year. With video.
By Jake Lynch, TheStreet
The Russell 2000, the closely followed U.S. small-cap benchmark, reached an all-time high Monday, passing a previous peak reached in 2007.
While earnings at small-cap companies, typically defined as those with a market value of less than $3 billion, have impressed investors in 2011, the economy is showing signs of weakness. Still, the following five small-cap stocks have delivered enormous gains this year, rising between 82% and 126%. Here is a closer look at these high-flying red chips. Some may offer further growth potential in the months ahead.
5. TeleNav (TNAV) offers location-based services, including voice-guided navigation on mobile phones and automobiles. It offers its service through wireless telecom carriers, including Sprint (S) and AT&T (T). The company swung to an adjusted fiscal third-quarter profit of 11 cents a share, exceeding researchers' estimate for a 12 cent loss. Average monthly paid subscriptions increased 15%, sequentially, to more than 22 million. A switch in revenue recognition with partner Ford (F) allowed TeleNav to book $6.6 million of additional revenue during the quarter. Net sales increased 33% during the quarter, beating researchers' consensus expectation by an impressive 5.6%.
Investors have run for the exits this week, and with many major averages near critical support levels, we review two sectors that could determine the path of the overall markets in the weeks ahead.
Some companies in the 2 nations appear to meet the Oracle's criteria for attractive acquisition targets.
By Don Dion, TheStreet
Although he has traditionally focused his attention on opportunities based in the U.S., Warren Buffett appears more than willing to make deals in other corners of the global marketplace as well. In recent months, the investor has spent time traveling abroad to countries including India and South Korea. Reportedly, a major goal of these trips has been to identify large acquisition targets.
This week, Bloomberg pointed out a handful of companies from Brazil and China that appear to meet Buffett's criteria for attractive acquisition targets. Listed among the names are firms including Marcopolo, the largest bus maker in Brazil, and Chinese construction company Lonking.
One common quality seen across these and many of the other companies highlighted by Bloomberg is their focus on the domestic populations of these popular emerging markets. As the economies of Brazil and China continue to grow and expand, the consumers from these nations have become increasingly popular targets for investors.
Sony gets hacked. Cisco restructures again. Federal appeals court rules against whistle-blowers.
5. Sony makes world safe for hackers
For the hackers who haven't figured it out yet, Sony's (SNE) online security code is up, up, down, down, left, right, left, right, triangle, X, start.
We're joking, of course. (Or maybe we're not...?) Regardless, Sony's sure making it look like it's as easy to get a PlayStation 3 user's credit card number and other personal information as it was to get extra lives in Contra about 25 years ago.
If the news stays good and the markets continue to go down, there will be stock bargains galore.
Think about it: We had the possibility of a 10% cut in the price of gasoline; we had one of the most important central banks decide that raising rates again is suicidal; we had General Motors (GM) in a position to pay back the United States within a couple of quarters; AIG (AIG) in a similar position, despite the big loss last night.
We also have the makings of a budget deal that could keep a debt ceiling crisis from happening. We had a major break in the froth, the silver speculation. We had better-than-expected sales from so many retailers. We had a huge decline in mortgage rates that could bring on a level of stability and affordability in housing.
And the one dark spot, a weekly jobless claims number, may not be that daunting given that the Federal Reserve has said it will still use any means necessary to make sure things get better.
Renren, thought of as the 'Chinese Facebook,' soars in its opening but fell more than 6% the next trading day.
Wall Street scrambles as the greenback ends its long, multi-month decline.
After spending a week mired in a tight sideways channel, the U.S. dollar blasted higher against the euro Thursday in a big way-- sending shockwaves through the financial system. You see, the dollar isn't just what we use to buy our morning coffee. It's status as the world's de facto reserve currency means its undulations has far reaching impacts from the price of commodities like crude oil to the level of interest rates.
Lately, as I've discussed in my recent columns and blog posts, the dollar's sustained and persistent decline has big increases in dollar-sensitive assets like silver and crude oil -- increases which now threaten our fragile recovery.
All of this is changing now. The catalyst: A less "hawkish" European Central Bank and a stready stream of weak economic data. Hedge fund types are scrambling to exit anti-dollar "carry" trades. For consumers, this is great news. And it can be great news for investors too. Here's how the play the dollar's bounce.
With crude prices down considerably, investors wonder wheter the industry has played out.
By Jonas Elmerraji, Stockpickr
With most markets looking wishy-washy this week, it's time to take a technical look at what's going on with the biggest-name stocks on Wall Street.
Technical analysis is used every day by proprietary trading floors, the Street's biggest financial firms and individual investors to get an edge on the market. And according to some sources, skilled technical traders can bank gains as much as 90% of the time.
Every week, we take an in-depth look at large-cap stocks that are telling important technical stories. This week, we're focusing on oil.
Internet calling wasn't a good fit at eBay, but Google or Facebook might find a way to make it work.
By Scott Moritz, TheStreet
Facebook founder Mark Zuckerberg has discussed a takeover of the Luxembourg-based Net calling service, according to a Reuters report that hit late Wednesday. The story also says that Google has explored a joint venture deal with Skype.
Last month, Skype filed for a public stock offering, but a shakeup of top management caused the company postpone its IPO. With a little more time to consider its options in a shaky equities market, it's not too surprising to see some big players kicking Skype's tires.
Head to the sidelines and wait for a further stock drop -- or for the company to make production progress.
Since assets topped $1 trillion at the start of 2011, the selection has continued to grow.
By Don Dion, TheStreet
As evidenced by the National Stock Exchange's monthly fund-flow data, April proved popular for ETF investors. Since ETF assets initially broke through the $1 trillion mark at the start of 2011, the universe has continued to grow at an impressive stride. At the close of April, total assets stood near $1.12 trillion.
Additionally, the industry welcomed 23 new funds. This lifted the total product count to 1,030.
On top of market appreciation, strong investor inflows played a major role in boosting assets. During the opening weeks of the second quarter, the ETFs saw net inflows totaling more than $21 million. This represents the largest single-month inflow of the year.
The sector has emerged as a leader, and an impending pullback should present a golden buying opportunity.
Value investor David Einhorn and Credit Suisse believe the out-of-favor electronics retailer represents a contrarian value pick. With video on April chain-store sales.
By Jake Lynch, TheStreet
Value investor David Einhorn, who runs the hedge fund firm Greenlight Capital, disclosed a position in out-of-favor electronics retailer Best Buy (BBY) in his latest quarterly letter, ahead of his firm's official 13-F filing. Best Buy's stock has fallen 30% in 12 months, underperforming U.S. stock indices. Because of that, Einhorn's pick merits attention.
Best Buy has fallen 8.9% this year, and Einhorn, who established his position at an average price of $33.33, is in the red on this bet. Still, he makes a compelling argument for the down-but-not-out security.
Of note: Greenlight's long-run annualized return since 1996 is close to 25%. It ranks as one of the best-performing U.S. hedge funds, despite a focus on mainly domestic equities. Also, unlike its peers, Greenlight has a small staff and rarely trades. Its operations are focused on researching and then owning, or shorting, stocks, not vacillating on its investments.
In his quarterly letter, Einhorn stressed that investors are far too concerned that Best Buy has reached its growth limit and will suffer declining sales in the future. In particular, he views Best Buy's holiday dip as a fleeting issue rather than a signal of looming obsolescence.
The automaker posts its fifth consecutive quarterly profit -- an impressive $3.2 billion -- but the news may not be as good as investors and consumers think. Includes video.
In November, General Motors Co (GM) emerged from bankruptcy and raised more than $20 billion re-entering the stock market at $33 a share. But there haven't been a lot of fireworks since then. Almost six months later, the stock price is largely unchanged.
But there was good news Thursday for investors looking for growth and consumers worried about their favorite brands like the iconic Corvette. The company just reported great sales for first quarter of 2011, marking the fifth consecutive quarterly profit.
So what does this mean for General Motors cars, customers and investors? Well, unfortunately, the news may not be as good as you think.
As the overheated crude market begins to resemble reality, is there a level at which consumer stocks and oil companies both win?
Going into this week, the national average gasoline price hit $3.99. Right now it looks like it will NOT take out that $4 mark that was so devastating to demand last time, especially after this morning's collapse in crude.
At last we are seeing a semblance of reality in this overheated market -- one that, anytime you say might be inaccurate or overstated, is defended by the "free marketeers" who actually try to explain that the market is an honest one that correctly prices crude.
Markets don't collapse like this if they are honest barometers of the price of the commodity. The price of oil should have been in free fall for a while but for the combination of momentum oil ETF buyers, fears about Libya that are dissipating post-Osama Bin Laden, and the small amount of capital required up front to control a lot of oil.
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The auto parts giant beats Wall Street expectations, while continuing to expand its stores in the U.S. and Mexico.
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[BRIEFING.COM] Stocks ended modestly higher as the S&P 500 climbed 0.2%, and the Dow added 0.4% to register its 19th consecutive Tuesday of gains.
The major averages saw little change during morning action, but afternoon buying interest helped lift the indices to session highs. Most cyclical sectors (with the exception of materials and technology) finished among the leaders, but the defensively-geared health care sector settled atop the leaderboard as biotechnology outperformed. ... More
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