Stocks should be crushed by global turmoil, Jim Cramer says. Instead, they're doing fine.
VIDEO ON MSN MONEY
Despite the negative sentiment about housing, business at Pier 1, Home Depot and other home stores is picking up.
If homes are such a bad investment, if they are truly a wasting asset, it is rather surprising what people are doing to spruce them up. On Monday, Pier 1 Imports (PIR) and Home Depot (HD) got upgraded. Why not? People are shopping, and they are fixing up, and they are making their homes nicer.
Plus, it isn't isolated to those two. Tractor Supply (TSCO), which is a play on fixing your place up, has been an outstanding performer. Macy's (M), which we might think of it as an apparel store, has a huge housewares business.
The world's leading heavy-equipment maker is building profits.
Our Wise Owl model portfolio uses a system of analysis first developed by Benjamin Graham in 1946. The portfolio contains undervalued stocks of well-known, high-quality companies with steady earnings growth.
Each stock's attributes are quantiﬁed and measured for stock appreciation potential. Our latest buy based on this system is Caterpillar (CAT).
Sell every stock in this sector now.
There are these little things called secular trends that all investors must be aware of.
For example, there is a secular trend toward viewing entertainment on mobile devices and computers, which is one reason television viewership and the volume of movie admissions have dropped during the past 10 years.
The automaker reports a weaker-than-expected quarterly profit, while the online travel site tops earnings forecasts.
By Joseph Woelfel, TheStreet
Updated at 9 a.m. ET
Toyota (TM) said its fiscal-second-quarter earnings fell 18.5% to 80.4 billion yen ($1 billion) as sales fell almost 5% because of parts shortages the company incurred after Japan's devastating earthquake and tsunami in March. Its operating profit fell to 75.4 billion yen, short of the 101.3 billion yen analysts had expected. The company didn't give a forecast for the full year because of recent flooding in Thailand, which has hurt production.
Priceline (PCLN) reported third-quarter results that beat Wall Street expectations. The online travel booking company posted a profit of $512.6 million, or $9.95 a share, excluding some items. Revenue rose 45% to $1.45 billion. The average analyst estimate was for a profit of $9.30 on revenue of $1.42 billion.
The largest mobile phone manufacturer in the world declared relatively strong third-quarter 2011 financial results, beating both the top-line and bottom-line expectations.
Nokia (NOK), the largest mobile-phone manufacturer in the world, declared relatively strong third-quarter results, beating both top-line and bottom-line expectations.
This encouraging performance was primarily attributable to better-than-expected sales of basic mobile phones, mainly in emerging markets.
The auto parts company is set to go public next week, but will it raise the hundreds of millions of dollars it's targeting?
Michigan automotive parts company Delphi Automotive is hoping to raise as much as $578 million in its initial public offering next week.
The company plans to offer 24.1 million shares at a price range of $22 to $24, according to Crain's Detroit Business.
ETF investors will be closely following the European debt crisis and another week of earnings.
By Don Dion, TheStreet
Here are five ETFs to watch this week.
1. iShares MSCI EMU Index Fund (EZU)
The opening days of November have been wild for the European Union as the region continues to sort out its ongoing economic crisis.
Although it has long been a central focus for euro-crisis watchers, Greece dominated discussions over the last few days following reports that Prime Minister George Papandreou was calling for a referendum on the nation's bailout package. By Monday, Papandeou had agreed to step aside and allow a new unity government to be formed.
Warren Buffett's conglomerate saw operating earnings soar, but profit was tempered by losses in weak equity markets.
Berkshire Hathaway (BRK.A) reported third-quarter operating earnings of $1.54 per share, marking an increase of 36% from a year earlier. The strong growth in earnings was led by higher operating income across all the business segments, except in finance and financial products.
However, net income came in at 92 cents per share, down 23% from a year earlier. That decline was attributable to a loss of $1.5 billion in investment and derivatives caused by weak equity markets, down from gains of $200 million in the year-ago quarter.
The struggling bookseller unveils an updated tablet e-reader to compete with Amazon's Kindle Fire.
The bookstore chain will sell the Nook Tablet for $249, which is about $50 more than the upcoming Kindle Fire from Amazon. Both devices are coming out next week.
Double bottoms in three stocks and an emerging-market ETF offer very good upside potential.
By Tom Aspray, MoneyShow.com
As discussed last week, double-bottom formations were observed in many stocks and ETFs at the October lows. This formation can provide many good entry points for both traders and investors. As noted in the article, full-time or professional traders can often spot good entry points just after the second low of the double bottom is being formed.
There are other ways to trade this formation, however. To confirm a double-bottom formation, prices need to move above the intervening high, preferably on good volume. Often times the breakout level will be retested, and when this occurs, it can provide a good entry point.
The car-sharing company completed a UK acquisition, expanded its university program and launched a Facebook application in the third quarter.
The world's leading car-sharing network completed its U.K. Streetcar acquisition during the quarter, expanded its university program to 36 new campuses and launched a Facebook application for members.
The electronics superstore chain takes over a partnership with British phone retailer Carphone Warehouse, announces plans to close 11 UK stores and bolsters its Geek Squad.
By Antoine Gara, TheStreet
Best Buy (BBY) Monday said it would take ownership of a mobile-phone sales joint venture with British phone retailer Carphone Warehouse for $1.3 billion and also said it would buy mindShift Technologies for $167 million to bolster its Geek Squad and Best Buy Business services.
The Minneapolis, Minn. electronics retailer said it would also cut plans to expand its European operations by closing 11 U.K.-based pilot big box stores. Currently, Best Buy Europe has 2,500 "small box" stores that will remain. While Best Buy's U.S. sales fell slightly in 2011 to $37.2 billion, its international sales increased nearly 6% to $13.1 billion.
Dozens of fund managers and strategists say Americans ought to get in touch with their greedy side.
By Robert Holmes, TheStreet
Thankfully, dozens of fund managers and strategists meeting together last week in San Francisco at Schwab's annual investor conference offered an in-depth view of their plans and advice to clients.
Once an industrial giant, the photography company is now a shell of its former self.
The company said last week it may have to take on more debt or sell a large chunk of its patents in order to survive the next 12 months. Kodak also cut its cash outlook and said operational losses have mounted to $400 million to $600 million for this year. Previously, the company estimated losses at $200 million to $400 million.
What happened to Kodak, once a global powerhouse?
Credit-card stocks, such as Visa, MasterCard and American Express, are printing money.
By Charles Sizemore, CFA, Editor, The Sizemore Investment Letter
If consumer sentiment soured last quarter, it appears that MasterCard (MA) cardholders were curiously immune. Earlier this week, the company announced third-quarter revenue was up 27%, and the dollar volume of purchases made using MasterCard-branded credit and debit cards rose 18%.
Earnings per share were up an almost mind-blowing 43%.
MORE ON MSN MONEY
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Tighter regulations and the end of a lengthy bull market in bonds have changed the landscape forever.
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.
More Market News
|There’s a problem getting this information right now. Please try again later.|