Apple is a market darling again
Apple is a market darling again

The company, which reports its quarterly earnings Tuesday, has once again become an investor favorite.

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The company plans to close stores and lay off employees, and says it needs to make some deeper changes.

By MSN Money Partner 5 hours ago
© Ed Andrieski/AP
Crocs shoes on displayBy Hayley Peterson, Business Insider

Crocs' (CROX) comeback plan is a bust.

The company is cutting jobs and closing stores amid plummeting net income. 


The company said Tuesday that it plans to close 75 to 100 of its 624 stores globally and lay off 183 employees out of more than 5,000. Its stock price rose more than 12 percent to $16.68 as investors applauded the move.


Net income fell a whopping 44 percent for the second quarter to $19.7 million, though revenues rose 3.6 percent to $376 million. 


Crocs President Andrew Rees said in a statement that the performance shows "the need for dynamic change in our strategy, organization and approach to the market."


Crocs was hoping that a new, sleeker line of shoes that was released this year -- including ballet flats, pumps, and open-toe wedges -- would revitalize the brand. But the company's new shoe styles failed to offset falling demand for its signature plastic clogs.

 
Tags: CROX

The category is seeing less enthusiasm from investors than any other.

By MSN Money Partner 7 hours ago
Image: Stock market report © ULTRA.F/Digital Vision/Getty ImagesBy Dan Strumpf, The Wall Street Journal

Small-company shares' summer swoon deepened Monday, underscoring investor concern about valuations.


The Russell 2000 ($TOMX) index of smaller companies, typically those with market values below $1 billion, dropped 0.4 percent Monday, outpacing a 0.3 percent decline in the Dow Jones Industrial Average ($INDU) and a 0.2 percent slide in the  Standard & Poor's 500 Index ($INX).


Monday's drop comes as smaller shares are enduring a second downdraft this year. So far, the Russell is alone among major U.S. stock indexes in losing ground in 2014, falling 1.5 percent compared with the S&P's 6.9 percent advance.


The retreat hasn't quieted the calls by bearish analysts that the Russell index, comprising companies ranging from drug developer Idenix Pharmaceuticals (IDIX) to media company A.H. Belo (AHC) and wireless-technology company ParkerVision (PRKR) appear overvalued, judging by prices as a multiple of earnings for the latest year.

 

CNBC host Jim Cramer says stocks should be crushed by global turmoil. Instead, they're doing fine.

By MSN Money Partner 9 hours ago
Credit: © Richard Drew/AP
Caption: Specialist Jay Woods is reflected in one of the screens at his post on the floor of the New York Stock Exchange, Wednesday, June 18, 2014By Lee Brodie, CNBC

Although stocks closed lower on Monday, the declines were modest with the Dow Jones Industrial Average ($INDU) and Standard & Poor's 500 Index ($INX) falling a fraction of a percent.


Many investors, including CNBC host Jim Cramer, found the relative strength somewhat curious, given the widespread geopolitical unrest.


Israeli jets, tanks and artillery pounded Gaza again as the death toll from a two-week conflict topped 500. Also, fighting flared in the Ukrainian city of Donetsk as investigators began to inspect the bodies of the victims of the Malaysia Airlines crash. In addition, the United States and the European Union announced further economic sanctions against Russia.


"You'd think the market would get absolutely crushed," noted Cramer. But it didn't. 


Here are Cramer's reasons why:

 

Biotech deals still dominate the pipeline for initial offerings, however.

By InvestorPlace 9 hours ago

Credit: © John Crowe/Alamy

Caption: An El Pollo Loco Restaurant in Upland Calif.By Tom Taulli


Last week was a hot one for initial public offerings, which saw deals such as TubeMogul (TUBE) and Sage Therapeutics (SAGE) each jump more than 60 percent on their first days.


There was some underlying weakness in the IPO market -- many of last week's deals saw pricing reductions to gin up demand -- but we've still seen a flood of IPOs lately, which will continue this week with 14 new stocks on deck. (Including three holdovers from last week -- Medical Transcription Billing, Microlin Bio and Pfenex).


Let's take a look at some of the highlights:

 

Reaction to the streaming media company's latest quarterly results has been mixed. Here are a few key things to note.

By TheStreet.com Staff 9 hours ago

The Netflix company logo is seen at Netflix headquarters in Los Gatos, Calif. © Ryan Anson/AFP/Getty ImagesBy Keris Alison Lahiff, TheStreet


Netflix (NFLX) reported its second quarter and judging by trading volatility, with moves within a tight range, investors aren't quite sure what to make of it.


On the one hand, the online streaming giants boasted a total membership base 33 percent larger than a year earlier, far exceeding its own estimates.


On the other, earnings missed estimates. Earnings of $1.15 a share fell shy of forecasts by a penny, according to Thomson Reuters estimates, while revenue of $1.34 billion was in-line with expectations.

 

New transactions with the Kalashnikov company were banned after July 16 as US sanctions kick in. But current gun owners are fine.

By MSN Money Partner 9 hours ago
Credit: © PhotoXpress/ZUMA Press/Corbis
Caption: Mikhail Kalashnikov, soviet-Russian arms designer with his Kalashnikov machine gun at the exhibition in Kremlin museumBy Dan Goldstein, MarketWatch

If you like your AK-47, you can keep your AK-47. That’s the message from the U.S. Treasury Department to U.S. gun owners.

Despite slapping sanctions on the famed assault-rifle maker Kalashnikov last week, along with other Russian defense companies, in response to suspected Russian involvement in the shoot-down of the Malaysian jetliner over the Ukraine, the Treasury's Office of Foreign Assets Control (OFAC) says U.S. owners of the weapons can still own them and resell them at gun shows so long as they don't owe the parent company any money.


"If a U.S. person is in possession of a Kalashnikov Concern product that was bought and fully paid for prior to the date of designation (i.e., no payment remains due to Kalashnikov Concern), then that product is not blocked and OFAC sanctions would not prohibit the U.S. person from keeping or selling the product in the secondary market, so long as Kalashnikov Concern has no interest in the transaction," the Treasury Department states on its website in a frequently asked questions section.

 
Tags: RGRSWHC

Pipeline owners are making big profits on oil coming from North Dakota's Bakken fields. But a lot of natural gas continues to be flared due to low prices.

By TheStreet.com Staff Mon 3:29 PM

A pump jack pulls crude oil from the Bakken region of the Northern Plains near Bainville, Mont. © Matthew Brown/AP PhotoBy Dana Blankenhorn, TheStreet


The Bakken oil and gas shale play in North Dakota delivered over 1 million barrels of oil per day in May, the state says, and the number is still heading up.

But producers aren't getting anything like the prices, or margins, of foreign suppliers, due to a shortage of pipeline capacity, according to the Congressional Research Service.


Pipelines would deliver oil to refiners for $5/barrel but producers are paying $10 to $20 per barrel to move it out by rail.  Rail is more flexible, with shorter contracts. Rail is also faster, meaning faster payments. Rail currently has over 60 percent of the market, according to the North Dakota Pipeline Authority.


But the cost differences are driving a move toward pipelines.

 

Investors need to be aware of the downward trend for sales of carbonated beverages.

By Benzinga Mon 3:00 PM

Cans of Pepsi and Coke on display
© Mark Lennihan/APBy Nelson Hem


The earnings crunch is well underway, and leading soft drink producers Coca-Cola (KO), Dr. Pepper Snapple (DPS) and PepsiCo (PEP) will be taking the earnings stage this week.


Investors have to be aware of the downward trend for sales of carbonated soft-drink beverages -- last year soda consumption fell for the ninth consecutive year. 


Both Coke and Pepsi continue to build their portfolios of alternative beverage brands, but Pepsi also has its snack foods business. It has so far resisted the urging of activist investor Nelson Peltz to unlock value by breaking up the company.


Coca-Cola

Analysts on average predict that this Atlanta-based company will report Tuesday before the opening bell that its revenue for the second quarter rose fractionally year-over-year to $12.83 billion. Earnings are expected to be flat as well, coming in at $0.63 per share, the same as in the year-ago period.

 

The company, which reports its quarterly earnings Tuesday, has once again become an investor favorite.

By MSN Money Partner Mon 2:25 PM
Credit: © Stephen Lam/Reuters
Caption: File photo of the Apple Worldwide Developers Conference in 2013By Jay Yarow, Business Insider

Apple (AAPL) reports earnings on Tuesday.

A lot has changed since the company's last reported earnings at the end of April. 

  • Apple split its stock 7-for-1.
  • Apple paid $3 billion for headphones company Beats.
  • Apple hosted WWDW, its big developers conference, where it announced new Mac software, iOS 8, and a programming language called Swift.
  • Apple introduced a new lower-cost iMac at a $1,099 price point.
 

Prices have been falling for weeks, signaling an end to a record run for the sector.

By MSN Money Partner Mon 1:48 PM
Image: Stock investor © CorbisBy Ben Eisen, MarketWatch

Weeks of falling junk bond prices have started to spook some bond investors, signaling that the record run for the riskiest part of corporate debt may be ending.


Bond investors have been piling into high-yield debt for years as they search for income in a low-rate environment, but yields had dropped so much that even the Federal Reserve, normally not one to comment on asset prices, has raised concerns.


"Those valuations are very, very lofty right now. We're talking to clients about taking everything they own and paring back credit risk from the weakest part of the credit universe," said Richard Sega, chief investment officer at investment manager Conning, which manages $92 billion in assets.

 

5 signs generally indicate when stocks are peaking. None are apparent now, says an Oppenheimer analyst.

By MSN Money Partner Mon 1:25 PM
Credit: © Image Source/Corbis
Caption: Bull and Bear MarketsBy Myles Udland, Business Insider

Ari Wald, a technical analyst with Oppenheimer, is out with a note Monday that outlines five signals that indicate a bull market top.


"As it stands," Wald writes, "we think the absence of these signals argue against an imminent end to the cycle."


The signals, per Wald, are:

  • Moderation in the S&P 500's uptrend.
  • Signs of distribution and narrowing participation.
 

So far, 2014 has been unusual in many ways. The data suggests the bull market is not over yet.

By MSN Money Partner Mon 1:02 PM
Credit: © Carlo Allegri/Reuters
Caption: Trader Anthony Rinaldi is reflected on a screen as he works on the floor of the New York Stock Exchange on Monday in New YorkBy Tim Clift, MarketWatch

For years, we've expected interest rates to rise. That day is now in view. 


Earlier this month, the Federal Reserve said it will wind down its quantitative-easing program and cease buying Treasury bonds and mortgage-backed securities as soon as October. In the past, Fed Chairwoman Janet Yellen has testified that she would consider raising rates as soon as six months after the end of quantitative easing.


So how should investors be thinking about the second half of 2014? Is this a trial balloon for the markets? And how much of an effect is the end of easing likely to have on individuals' portfolios?

 

Conflicts in Ukraine and the Middle East are growing concerns, yet the market doesn't seem too worried, former Pimco boss Mohamed El-Erian says.

By MSN Money Partner Mon 12:20 PM
Image: Stock market © Zurbar/age fotostockBy Matthew J. Belvedere, CNBC

Investors should be paying more attention to the uncertainty being created by the turmoil in Ukraine and the Mideast, Mohamed El-Erian told CNBC on Monday.


The financial markets believe the two crises are containable, but that might be fleeting, the former Pimco co-CEO said in a "Squawk Box" interview.


As the world piles pressure on Russian President Vladimir Putin over Moscow's possible role in the downing of Malaysia Airlines Flight MH17, the U.N. Security Council is expected to vote Monday on a resolution demanding international access to the crash site in eastern Ukraine crash.


In the Mideast, Israeli ground forces advanced into Gaza's most densely populated city in the deadliest day of fighting for both sides since the conflict began two weeks ago. Secretary of State John Kerry is headed to Cairo to push for a cease-fire.

 

The online video-streaming company is expected to show a strong increase in new members, driven by its original programming.

By MSN Money Partner Mon 12:03 PM
File photo of Netflix envelopes (© Paul Sakuma/AP)By Rex Crum, MarketWatch

Netflix (NFLX) will report its second-quarter results on Monday after the ball. Analysts expect the online video-streaming company to show strong growth in new subscribers, driven by its offering of popular original programs like "House of Cards."


Earnings: Analysts surveyed by FactSet estimate Netflix will earn $1.14 a share compared with 49 cents a share during the same period a year ago. Netflix itself had forecast a profit of $1.12 a share for the quarter.


Revenue: Analysts expect Netflix to report second-quarter sales of $1.34 billion, with $1.14 billion coming from video-streaming sales and the remainder from DVD rentals. Netflix has forecast streaming revenue of $1.14 billion for the quarter.


Stock performance: For the year, Netflix shares have risen almost 20 percent, to trade recently at around $440. However, the stock is down 7.5 percent since reaching a 52-week-high of $475.87 on July 2.

 
Tags: NFLX

These companies have one thing in common: optimism.

By Jim Cramer Mon 12:03 PM

Jubilant investor in front of a display panel © Jan Mammey/Getty ImagesThe commonality of success is now coming through loud and clear. We are now seeing and refining what buyers are looking for before they are willing to pay up beyond the last sale. It's a convincing formula, and I will use four strong companies to lay it out: Alcoa (AA), Intel (INTC), PPG Industries (PPG) and Honeywell (HON).


First, the obvious. Each company in its earnings release makes it very clear that there was a clean beat on the top and bottom lines. The magnitude of the beat varies, but it is certainly better than what the high analyst was looking for. Unlike in previous earnings periods, you need both sales and earnings to surprise -- we have been content for a while with just earnings. Plus, you have to have a noticeable percentage of the sales increase that is above what the Street was looking for from an organic base -- meaning new products that didn't exist until very recently.

 

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[BRIEFING.COM] The stock market finished the Tuesday session on an upbeat note with small caps pacing the rally. The Russell 2000 advanced 0.8%, while the S&P 500 added 0.5% with eight sectors ending in the green.

Although geopolitical concerns factored into the modest retreat on Monday, the worries were cast aside today after separatist forces in eastern Ukraine handed over black boxes from MH17 to Malaysian authorities and Secretary of State John Kerry began working on brokering a ... More


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