If everything goes as planned, this week will be the busiest for initial public offerings since 2000.
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While the bulls are certainly running down Wall Street now, that doesn't mean the stampede will continue.
Major U.S. stock market indexes are starting to bear an uncanny resemblance to the Energizer bunny: They just keep going and going and going -- going higher, that is. A morning rally pushed the Dow Jones Industrial Average ($INDU) past 13,000 for the first time since May 2008 -- and up almost 100% from its 12-year closing low of 6,547 reached on March 9, 2009.
How long will the batteries last,? Barron's recently published a cover story, drawing on work done by Wharton professor Jeremy Siegel, suggesting the Dow is nearly certain to hit 15,000 sometime within the next two years, based on an analysis of market cycles. And there's a 50% chance we'll see the Dow hit 17,000. Either would take the blue-chip market indicator into uncharted waters; the Dow's all-time record close is 14,164.53 on October 9, 2007.
With 30 drugs in late-stage trials, investors are undervaluing this drug firm's long-term potential.
Teva Pharmaceutical (TEVA) reported its fourth-quarter results; its adjusted net income topped Wall Street's expectations by a penny a share on revenue that matched estimates.
On an as-reported basis, net income for maker of generic and branded drug dropped by 34% to $506 million, or 57 cents per share, from $771 million, or 85 cents per share, in Q4 2010. The company also boosted its dividend by 25% and expressed optimism about the global strength of its OTC partnership with Procter & Gamble.
A rise in the retailer's earnings lifts many boats.
Net income at the Atlanta retailer was $774 million, or 50 cents a share, up 32% from $587 million, or 36 cents a share, a year ago. Revenue rose 5.9% to $16 billion, fueled by a 5.7% increase in same-store sales and an unusually mild winter. The results topped Wall Street expectations for 42 cents a share.
The last time gas topped $4 a gallon, falling demand brought it down slowly. But this time prices are tied too closely to the situation in Iran.
If you go back to 2008, when oil spiked to the $140s and gasoline peaked at $4.11 a gallon in the summer, we know it had a huge impact on the economy both here and abroad. In the U.S. it was just enough, after the housing crisis had begun and the Fed was slow to cut rates, to start us on the path to the Great Recession.
Discount competition and smaller margins continue to plague the retailer.
By Jeff Reeves
Wal-Mart Stores (WMT), the world’s largest retailer, just announced a big slide in profits, and shares slumped as a result. The reason? The king of low-cost retail is being forced to push prices even lower amid discount competition and penny-pinching consumer habits.
This is just the latest in a long line of disappointments for the big-box giant in recent years. You would think that amid weak spending, Wal-Mart would be king. But think again.
Garmin is upgraded to 'outperform,' while Oracle is downgraded to 'market perform.'
Tuesday's noteworthy upgrades include:
- Life Technologies (LIFE) upgraded to Buy from Neutral at Citigroup
- Whiting Petroleum (WLL) upgraded to Buy from Neutral at Pritchard
- Unum Group (UNM) upgraded to Overweight from Neutral at JPMorgan
- Broadcom (BRCM) upgraded to Buy from Hold at Auriga
- Garmin (GRMN) upgraded to Outperform from Market Perform at Avondale
This Latin American steel maker gets a top ranking on a Peter Lynch-based investing screen.
Our strategy is to select stocks based on the investing criteria of legendary investors. In this case, Ternium SA (TX) earns a 100% score based on our Peter Lynch methodology.
Ternium is a company in Latin America that makes steel products for the construction, home appliances, capital goods, container, food, energy and automotive industries. About 57% of sales were generated in North America and 41% in South and Central America.
The movie franchise has 'Harry Potter' and 'Lord of the Rings' potential.
Shares of Lions Gate Entertainment (LGF) have almost doubled during the past year as investors bet that the "The Hunger Games" trilogy would be a huge box-office hit. The already-lofty expectations of fans of the stock, including Jim Cramer, might be too low.
Cramer recently argued that "The Hunger Games" franchise could be worth more than $400 million to Lions Gate. For once, the host of CNBC's "Mad Money" might be underselling something. Based on recent Hollywood history, "The Hunger Games" has the potential to equal or surpass the $1 billion-plus franchise values of "Harry Potter" and "Lord of the Rings."
Its parent company, Amerco, is the big winner in the consumer truck rental business.
If you're worried, as some market technical analysts are, about the Dow Jones Transport Index not following the Dow industrials' recent vigorous advance, don't waste your time. No matter what the transport barometer is doing, there are transportation stocks that have picked up speed way ahead of the group.
A particularly impressive stock that has been riding high despite economic headwinds is Amerco (UHAL), the parent of the widely known U-Haul International, which is the world's largest consumer truck rental company and the No. 2 self-storage operator in North America.
As long as customer service remains solid, the company should be able to achieve the revenue growth it wants.
The No. 1 satellite pay-TV service provider in the U.S. claims it's seeing a higher customer turnover rate due to a dispute with News Corp's (NWS) Fox as well as better performance by its peer Dish Network (DISH). See our complete analysis for DirecTV.
Company management is realizing that quicker adoption of newer technologies is critical in a competitive market.
But recently, the No. 2 cable provider in the U.S. has finally been doing more enhance its pay-TV service with streaming options.
The overall pay-TV industry is headed in this direction, and broadband Internet is increasingly becoming a vehicle for video delivery.
Microsoft's upcoming operating system might have prompted Apple to speed up its release of Mountain Lion.
The software will be made available for download from the Mac App Store in late summer, making Mountain Lion one of the company's fastest Mac OS rollouts to date. Normally, Apple follows a two-year cycle between consecutive upgrades.
What might have prompted the company to speed up the process?
Can new CEO Meg Whitman turn the ship around? So far, she seems to be making the right moves.
Still, shareholders are watching to see if she can pull the computing giant out of its spiral. So far, I like what she's doing.
One of the first moves Whitman made was to announce that the company would continue to sell personal computers. Just one month before she was made CEO, the company announced it was looking at selling or spinning off its PC business.
Seasonal strength means good opportunity in select oil and gas stocks as winter melts into spring.
By Tom Aspray, MoneyShow.com
Even though small-cap stocks had been correcting since the early February highs, the iShares Russell 2000 (IWM) was the best performer last week, gaining 1.87%. This beat out the 1.5% gains in the Spyder Trust (SPY) and the PowerShares QQQ Trust (QQQ).
Once again, the large-capitalization stocks in the Dow are lagging, as the SPDR Diamond Trust (DIA) was only up just over 1%.
The chain is adding new products and a new slogan to create some much-needed buzz.
The fast-food chain is in a bit of a slump, seeing sales fall amid increasing competition from Chipotle Mexican Grill (CMG). Taco Bell has lost some buzz, its brand damaged by a recent lawsuit questioning the quality of the beef in its tacos.
So now the chain, owned by Yum Brands (YUM), is trying to mount a comeback. And key to its revival is a taco shell made entirely out of Doritos. The new line of Doritos Locos Tacos has been in test mode, with a national roll-out scheduled for March 8.
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In this economy, you'd think these retailers would be racking up the sales. That's not the case.
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[BRIEFING.COM] The S&P 500 trades lower by 0.2% with one hour remaining in the session. Quarterly earnings were in focus this morning and they will take center stage once again after the closing bell.
More than a hundred companies are expected to report their results this evening with a Dow Jones Transportation Average component-CH Robinson (CHRW 64.76, -0.85)-among the names on the schedule. In addition, investors will hear from American Express (AXP 91.85, -0.01), ... More
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