Stocks should be crushed by global turmoil, Jim Cramer says. Instead, they're doing fine.
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The video game giant is getting whacked by a strong Japanese yen and by flagging sales of hardware and software.
Nintendo (NTDOY), the biggest video game company in the world, is set to post its first annual loss ever. The company had previously expected to make a profit of about 20 billion yen, or $264 million, for the year ending next March.
But on Thursday, Nintendo delivered the crushing news: Instead of a profit, the company could see a net loss of about 20 billion yen. That was a surprise to analysts, who had expected to see a profit of about 12.2 billion yen, Bloomberg reports.
An against-the-odds deal to save the eurozone is yet another example of reality surprising to the upside. It's set to continue.
Stocks blasted higher Thursday like a lit Saturn V on the way to the Sea of Tranquility, thanks to a better-than-expected result from Wednesday's big eurozone summit in Brussels.
Policymakers hit all the targets: Bank recapitalizations to prepare for a Greek debt restructuring, leveraging the eurozone bailout fund to more than €1 trillion, and creating insurance funds needed to attract capital from private investors and emerging markets like China and Russia.
Flooding in Thailand has created near-term problems, but the hard disk drive maker remains a long-term buy.
The flooding in Thailand has significantly impacted the hard disk drive (HDD) market and with it suppliers like Marvell Technology Group (MRVL).
The company is the worldwide market leader in the HDD controller market. And while shortages of HDD manufacturing capacity will likely drive HDD prices up and lessen the impact on HDD manufacturers, lower unit volume will clearly have a negative impact.
Bullish option plays are piling up for a pair of emerging market ETFs. Those who believe in a year-end rally can buy in on the next pullback.
By Tom Aspray, MoneyShow.com
It has clearly been a rough year for emerging markets, and investor sentiment towards the emerging markets has dropped for most of the year. Inflationary pressures caused many countries including India and China to raise rates early in the year, while Brazil has lowered rates twice since August.
Fears surrounding another recession have outweighed inflation concerns in Brazil even though the current inflation rate is 7.3%. China has also been cutting rates, but the markets were encouraged by recent data showing the manufacturing sector in China was improving. The International Monetary Fund (IMF) is projecting a 6.1% growth rate for the emerging markets in 2012, as compared to only 1.9% in the developed world.
A bet on the emerging markets is consistent with my view that the US economy is really stronger than most expect. Option traders appear to agree, as option volume in two key emerging-markets ETFs has surged.
Worries over US defense budget cuts has created a buying opportunity for long-term investors.
Northrop Grumman (NOC) trades at 1.3 times the company’s book value and 0.5 times sales -- a bargain for a company expected to grow revenues at an average annual rate of 9% over the next few years.
The stock has pulled back by 15 percent this year because of a recently passed deficit-trimming measure that would cut $350 billion from planned national defense spending over the next 10 years.
Some boozy investments can give your portfolio a buzz.
Perhaps the stress of the 2011 "mini bear market" has my nerves a little frayed -- or perhaps it's the celebratory atmosphere here in Dallas on the potential eve of the Texas Rangers' first World Series championship getting the better of me -- but I find myself thinking a little too much about booze these days.
For an investor, this is not necessarily a bad thing. Alcoholic beverage stocks have had a good run, and most have handily beaten the S&P 500 this year.
Bearish investors positioned for complete failure of the EU summit blew it.
First, a proposition. Let's say I was bearish going into the EU drama session last night, meaning that my book was net short, classically meaning that I would make money if the market went down and would expect to lose if it went higher.
Higher crude prices boost the oil producer's earnings, while Procter & Gamble's results meet estimates.
By Andrea Tse, TheStreet
Updated at 9:05 a.m. ET
Oil producer Exxon Mobil (XOM) reported third-quarter earnings of $2.13 a share, beating the average estimate by a penny. Profit rose 41% as higher prices for oil and natural gas compensated for lower production.
Procter & Gamble (PG) posted fiscal-first-quarter earnings of $1.03 a share, in line with estimates, as sales rose 9% to $21.92 billion. Full-year earnings from continuing operations are expected to rise as much as 10% to the range of $4.17 to $4.33 a share. Analysts expect fiscal-year earnings of $4.20 a share on revenue of $87.12 billion.
Despite a stellar quarter, the company saw its share price drop as investors await dividend news.
For more drivers, the answer appears to be yes, judging by the automaker's third quarter report Wednesday.
Ford reported a profit of 46 cents per share on $33.1 billion in revenue, beating analyst expectations of 45 cents per share on $29.86 billion in revenue. The company also increased its estimate for fourth quarter production by about 22,000 units to 1.4 million.
Here are the real facts on foreign oil, the U.S. debt, and buying American.
By Morgan Housel
At a conference in Philadelphia earlier this month, a Wharton professor noted that one of the country's biggest economic problems is a tsunami of misinformation. You can't have a rational debate when facts are so easily supplanted by overreaching statements, broad generalizations, and misconceptions. And if you can't have a rational debate, how does anything important get done? As author William Feather once advised, "Beware of the person who can't be bothered by details." There seems to be no shortage of those people lately.
Here are three misconceptions that need to be put to rest.
Misconception: Most of what Americans spend their money on is made in China.
The fertilizer maker announced a slight miss, but rising prices are helping Yara ride a wave that investors like to see.
Long-term performance is more about common sense. Hence the beauty of the Dogs of the Dow.
By Jim Trippon, Global Profits Alert
There's a history of investor interest in the 30 stocks and their dividends that comprise the Dow Jones Industrial Average ($INDU).
There's even an approach called "Dogs of the Dow," which Michael O'Higgins featured in his book "Beating The Dow." Its relative simplicity struck a chord with many investors.
While the post-earnings fallout at Amazon rivaled that of Netflix, the two companies are nothing alike.
By Jeanine Poggi, TheStreet
Despite a similar after-hours massacre following its third-quarter earnings report and a blurry fourth-quarter outlook that could turn out to be a loss, Amazon's business isn't broken like Netflix's is.
Ford CFO Louis Booth said the company may start paying shareholders a dividend before its credit reaches investment grade.
By Ted Reed, TheStreet
Ford (F) chief financial officer Lewis Booth says the automaker is moving toward paying a dividend.
Previously, Ford had said that it would like to reach investment grade before it paid a dividend.
Apple's new iPhone 4S may have some owners of RIM's phone ready to jump ship, one company says.
Gadget recycling service Gazelle says the number of BlackBerry users looking to ditch their phones has spiked 80% since last week, Cnet reports.
Apple's (AAPL) new phone contributed to the sudden urge to purge. But the recent outage of the BlackBerry email and messaging systems probably didn't help either.
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4 analysts downgrade the stock the day after a disappointing quarterly report.
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[BRIEFING.COM] The stock market ended the Wednesday session on a mixed note. The tech-heavy Nasdaq displayed relative strength, climbing 0.4%, while the S&P 500 added 0.2% with five sectors settling in the green. For its part, the Dow Jones Industrial Average (-0.2%) spent the entire session below its flat line.
Equities started the midweek affair on a rather unassuming note in the absence of market-moving news or economic releases. With those pieces missing from the equation, ... More
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