Stocks should be crushed by global turmoil, Jim Cramer says. Instead, they're doing fine.
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But a few are more likely to sell than others. Here are some names.
By Brian Orelli
Another day, another buyout rumor. Monday, it was Onyx Pharmaceuticals (ONXX) that jumped after Bloomberg said the company was in the early stages of exploring the possibility of putting itself up for sale. Before that it wasAchillion Pharmaceuticals (ACHN). And BioSante Pharmaceuticals (BPAX) before that. The rumor list is a mile long.
Here's a news flash for you: Every public biotech could be sold at any point.
New credit downgrades to a number of banks by S&P and still-negative chart patterns mean Bank of America and Citigroup are still very much out of favor.
By Tom Aspray, MoneyShow.com
After the stock market close on Tuesday, S&P downgraded 15 big banks to reflect the results of its new credit criteria. Though many of the banks had been prepared for a downgrade, others immediately wondered about the impact on a fragile stock market.
The low-volume decline last week followed by Monday’s strong surge has kept the rally from the October lows intact, but it order to reverse the negative momentum, a strong weekly close is needed.
Bargain-shopping will never save us, and spending isn't as strong as some would believe.
By Jeff Reeves, InvestorPlace.com
A lot of hay has been made lately about the return of American consumers and the resurgence of retail. Yes, holiday sales got off to a bang as shoppers spent a record $52.4 billion over the Black Friday weekend -- up 16.4% from 2010. Yes, Cyber Monday sales also blew the virtual doors off, if early projections of $1.2 billion hold true.
But let's not fool ourselves. Unemployment remains above 9%. Serious debt woes continue to plague America and Europe. And the broader economic troubles lurk like an unrepentant Scrooge.
The much-awaited offering of the online gaming company may not be as overpriced as you might expect.
By Suzanne McGee, The Fiscal Times
Got an avid FarmVille player among your family members or Facebook friends? The much-ballyhooed initial public offering of online gaming company Zynga (which counts FarmVille among its offerings) is apparently finally on track for the week before Christmas.
You might want to consider giving shares in the company in the hopes that the FarmVille players on your list will recoup some of what they've paid to Zynga for "gold" and other virtual items.
The increases show that the shipping company is confident in its business and its per-package revenue growth.
The higher rates incorporate a reduction in fuel surcharges, which will fall by one percentage point for ground packages and two percentage points for domestic and international air mail. Freight charges are also set to rise, with next-day air freight and two-day air freight facing an increase of 5.9%. Three-day freight charges will remain unchanged.
If the Supreme Court says yes, it could cost the industry billions.
Labor disputes are common in the auto and airline industries but not so much in the pharmaceutical sector. Yet a dispute between pharmaceutical companies and their drug reps could have such serious implications for the entire industry that both sides petitioned the Supreme Court to take on a current case. On Monday the petition was granted.
The court is now set to decide whether GlaxoSmithKline (GSK) has to pay overtime benefits to its sales representatives. What the court decides will have ramifications for similar cases against other Big Pharmas, including Merck (MRK), Novartis (NVS), Johnson & Johnson (JNJ) and Bristol-Myers Squibb (BMY) to name a few.
Could the social-networking site handle a massive offering all by itself?
According to the Wall Street Journal, Facebook chief financial officer David Ebersman "has told bankers he is skeptical about the value bankers could bring to such a deal." That nugget, courtesy of anonymous sources, was designed to make the masters of the universe who arrange multi-billion dollar deals quake in their $695 Gucci loafers. It probably worked.
Though the insurance company has been facing headwinds, there are long-term reasons for investor optimism.
Aﬂac (AFL) ought to be reveling in its own success. As the top seller of cancer and medical insurance products in Japan, Aﬂac produces predictable cash ﬂows from premiums on these policies.
But the shares have been volatile, reflecting its fight against the currents of Japan’s natural disaster and Europe’s debt crisis.
The company has grown sales 7% and per-share proﬁts 14% over the last year, and expectations are for modest growth in 2012 (8% in sales and 4% in per-share proﬁts).
A coordinated intervention by the world's central banks to pump money and liquidity into the system suggests things in Europe are worse than we thought.
Things are much worse than I thought. For me, that's the real takeaway from this financial D-Day, this worldwide coordination from wealthier countries to help major banks in Europe that were clearly about to go under.
Remember, there were two risks to the situation: credit to the banks and credit to the countries. Apparently the credit had all but dried up for SocGen, for BNPParibas and maybe even for Deutsche Bank (DB). Now that credit will be freed up.
Zacks ranks this specialty retailer a strong buy and expects to see double digit earnings growth this year.
By: Tracey Ryniec
Genesco Inc. (GCO), a specialty shoe and hat retailer, is in the sweet spot for retailing. This Zacks #1 Rank (strong buy) is expected to see double digit earnings growth this year. Shares recently soared to a new multi-year high. But surprisingly, GCO is also a value stock, with a forward P/E of 14.7.
Being involved in retail since 1924, Genesco has seen its share of both good and bad economies. Headquartered in Nashville, it now operates 2,225 footwear and headwear retail stores in the U.S., Canada and Puerto Rico.
The company notched an impressive gain Tuesday after telling analysts it would target DIY customers.
This stock is on a roll, rising nearly 15% in the past three months.
You'd think the company wouldn't be faring all that well. The housing market is dismal, with home prices continuing to drop. Homeowners are cash-strapped, with little money budgeted for major renovation projects.
A single error on the company’s part can lead to dire consequences for small-scale merchants.
Groupon shares closed Tuesday at $16.01 -- well below the company's Nov. 4 IPO price of $20.
By rejecting a settlement between Citigroup and the SEC, a Federal judge seems to have struck a blow for transparency and investor protection. But the ruling could backfire.
Maybe the Occupy Wall Street movement is making everyone just a little bit more thoughtful about the roles and responsibilities of both the financial services industry and its regulators toward investors.
At least, that’s one possible conclusion we can draw from the unexpected decision by Judge Jed Rakoff, of the Federal District Court judge for the Southern District of New York, to nix the proposed $285 million settlement between the Securities & Exchange Commission (SEC) and Citigroup over allegations that the bank didn’t disclose to investors that it was involved in selecting investments for a mortgage-bond investment pool -- as it continued to sell those investments short.
The motorcycle maker's long-term strategy is running afoul with some dealers and constraining inventories of some pricier models.
CEO Keith Wandell, hoping to use Ford (F) as a template in Harley's turnaround, is streamlining production, cutting labor costs, pushing Harley into emerging markets and improving stores and customer service.
The family that controls the iconic property has filed tentative plans for a publicly traded company.
The Malkin family, which controls the property, has filed plans with regulators for a publicly traded company that includes the building, The New York Times reports.
The filing (which you can see here) doesn't say a whole lot. It refers to a company called Empire State Building Associates, and says that the Malkin family is working to include the company in a new real estate investment trust, or REIT.
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[BRIEFING.COM] The stock market maintained a narrow trading range on Thursday before ending the session essentially where it began. The S&P 500 added less than a point, while the small-cap Russell 2000 (-0.2%) underperformed.
Equity indices displayed early strength thanks in part to an overnight boost from better than expected economic data in China and Europe. Specifically, China's HSBC Manufacturing PMI surged to an 18-month high (52.0 from 50.7), while Eurozone Manufacturing PMI ... More
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