If everything goes as planned, this week will be the busiest for initial public offerings since 2000.
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Even after October's big gains, 4 leading blue chips still have room to run.
By Tom Aspray, MoneyShow.com
In early October, I discussed a monthly scan I run that ranks the 30 stocks in the Dow Industrials by their proximity to the monthly Starc- bands. (See "The Most Oversold Dow Stocks.")
Starc band analysis is one way I determine whether a stock is in a high- or low-risk buy or sell zone. When a stock is close to its monthly Starc- band (oversold), then it is a low-risk buy and a high-risk sell.
Stocks with decent yields and growth need to be bought slowly and methodically into the maximum pain point.
Looks like the first-day-as-worst-day theory is playing out. Looks like people are deciding that anything the Europeans do is no good after deciding just the opposite last week.
My take: We are not going to get any good news out of Europe. It is all about being less bad. I continue to see things as less bad. However, we have seen a gigantic run in every stock imaginable, and I think this is a correction that will wipe out some but not all of that amazing October rally.
The long-term outlook is unclear, and the short-term outlook is volatile.
Bank of America (BAC) gave back about 7% Monday and was poised to crash and burn yet again Tuesday. However, the stock remains up over 30% from its 52-week low of around $5 a share. More impressively, that 52-week low was set intraday a mere four weeks ago.
A rollback after a red-hot run like that is to be expected -- so some traders may be wondering if now is the time to jump in.
After a rip-roaring run in October, it may seem like a good idea. But for most investors it is a very, very bad one.
The pharma giant is successfully re-energizing its drug pipeline to counteract patent expirations.
By Stephen Leeb, Income Performance Letter
While they don’t always deliver eye-popping growth, stocks that offer a steady stream of growing income are must-haves for conservative investors.
With that in mind, we recommend Bristol-Myers Squibb (BMY) as a dependable income play that warrants a place in our income model portfolio.
The drugmaker reports better-than-expected results. Dunkin' Donuts' parent company posts a loss on IPO charges and debt payments.
By Andrea Tse, TheStreet
Pfizer (PFE) reported adjusted earnings of 62 cents a share as revenue rose 7% to $17.2 billion for the third quarter and raised its 2011 guidance. Analysts were expecting a profit of 56 cents on revenue of $16.4 billion. Shares were surging 1.6% to $19.57 ahead of Tuesday's open.
Dunkin' Brands (DNKN), the parent company of Dunkin' Donuts and Baskin-Robbins, reported a loss in net income of 61% in the third quarter. The company cited charges related to going public and paying down its debt. But earnings were 28 cents per share without the special items, beating analysts' estimates of 25 cents. Revenue rose 9% to $163.5 million, also beating a forecast of $159.3 million. Shares were down nearly 3% at $28.25.
The Chinese Internet company is finding ways to rein in expenses -- and beat Wall Street profit projections to boot.
Despite having the best brains in the business, some investors and corporate executives have made downright disastrous decisions.
Even the most brilliant minds in finance can make terrible mistakes.
And when they do, the results are usually as bad as a lame summer blockbuster that ultimately flops.
The NBA star may have been scammed by one of his wedding guests, according to reports.
The New Jersey Nets player thinks he was caught up in a fraudulent investment scheme run by Boston money manager Andrey Hicks. The U.S. Securities and Exchange Commission has sued Hicks for using a phony investment fund to defraud investors to the tune of $1.7 million.
If you want to trim some positions, go ahead, but don’t feel compelled to do anything but wait.
Just let it come down. The last day of the month hasn't been a particularly good one. There is no gun to your head. Who can blame the sellers looking to cash in on some gains? The profits have been voluminous.
Here's what I would do. Let it come in and wait. Sit on your hands. Have some gains in stocks that were accidental high-yielders that are no longer high? Ring the register. Have some stocks with good dividends? Do nothing. Don't feel compelled to do anything but wait.
The new voice-recognition software from Apple can make appointments, answer questions and remind you about your wife's birthday.
But is Siri great enough to torpedo Google's (GOOG) prospects? That's the latest thinking among the tech crowd. "I believe Siri's launch this month spells a future crippling of Google's business," wrote Eric Jackson at Forbes.
If you think ghosts and goblins are scary...
In the spirit of All Hallows Eve, I've compiled a list of five things that should have you spooked -- they certainly spook me.
1.) Unemployment: It's a problem
There is a quote that is often attributed (falsely, in all likelihood) to New Yorker journalist Pauline Kael regarding Nixon's 1972 election victory. She "couldn't believe that Nixon had won" as no one she knew had voted for him. (Despite this, Nixon managed to carry all but one state.)
While the coffee giants cater to different consumers, both are driving sales through innovation and expansion.
By Lindsey Bell, TheStreet
Dunkin' Brands (DNKN) and Starbucks (SBUX) make most of their money selling coffee, but their customer base couldn't be more different. Which has the winning formula? This week's earnings reports will answer that question.
The health of consumers, the engine of the U.S. economy, is investors' biggest concern at the moment.
Recent studies show plenty of mainstream support for some of the issues that define the protest movement.
By Seth Fiegerman, MainStreet
The Occupy Wall Street protesters were first ignored by the media and then maligned by certain outlets, but more recently a slew of reports and surveys have come out showing the movement may be on to something after all.
As difficult as it may be to nail down exactly what the protesters stand for, much of their attention is devoted to the growing indebtedness of average households, along with the growing gap between the wealthy and the poor, and ultimately the concern that the wealthy are exerting too much control over the political process.
This specialized lender provides financing for New York City cab medallions, which are incredibly expensive.
Leon Murstein moved to the United States from Argentina in 1937 and became a New York cab driver, buying his first taxi medallion license for just $10. He then bought more, which he leased to other drivers.
Today, his son and grandson run Medallion Financial (TAXI), which has loaned more than $3 billion to taxi companies to buy medallions that now cost $975,000.
Railroads are likely to lead the markets higher in the weeks ahead, and these three in particular will be good buys on pullbacks.
By Tom Aspray, MoneyShow.com
One key market sector that topped out in May was the Dow Jones Transportation Average ($DJT). It had been a market-leading sector since the 2009 lows, but its weak performance last summer weighed down the overall market.
Norfolk Southern (NSC) reported very strong earnings last week, which helped other railroad stocks surge. The recent report from the Association of American Railroads also helped, as the group reported that so far in 2011, rail traffic is up 1.7% over last year.
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After enjoying a smooth rise in stock prices since May, investors are about to be hit with another bout of volatility.
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[BRIEFING.COM] The stock market ended the Tuesday session on a lower note after generally upbeat earnings took the back seat to geopolitical concerns. The S&P 500 (-0.5%) and Nasdaq Composite (-0.1%) ended on their lows, while the Russell 2000 (+0.3%) displayed relative strength.
Once again, market participants were focused on quarterly reports in the early going, but geopolitical worries overshadowed the impact of mostly better than expected earnings. Specifically, equities ... More
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