The central bank leaves its policy unchanged, which means loans to businesses and on mortgages and autos will remain cheap.
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Their new deal for original programming could be a win for both, but does that make their stocks a good buy now?
Could this heavy insider stock purchase by the chief of the mining company be a sign of good things to come?
The CEO of the world's largest copper mining company bought 1 million shares of his company's stock at $31.16 per share on June 3.
At the time of this writing, shares are trading around $29.32.
Now, I don't want to suggest blindly following the investment moves of every industry insider. But when a CEO makes a $31 million purchase of his company's stock, which is trading for the cheapest it's been since 2008 -- I think a closer look is in order.
Regular readers may already know that mining stocks have not fared as well as the broader market so far this year.
Investors remain jittery as they await the central bank's policy decision and Chairman Bernanke's press conference.
U.S. equity futures traded slightly higher ahead of the much anticipated Federal Reserve policy statement Wednesday. Investors are most concerned with possible Fed tapering and its revised economic forecast. And with rumors of Chairman Ben Bernanke stepping down, all eyes will be on the Fed's news conference.
In other news, Japan's exports grew 10.1% from a year ago in May with exports to the U.S. rising over 16%.
The president of Cyprus has asked the European creditors to revise the terms of its bailout as the nation's banks face a cash crunch. The restructuring of one of the nation's largest banks is taking longer than expected, causing a short-term liquidity crunch in the island nation.
This young tech company has a can't-miss concept, but hasn't yet generated real sales. Should you see its recent slump as a buying opportunity, or reason to stay away?
There is nothing more frustrating than finding a seemingly attractive young company, only to discover that its shares have already risen 800% in the past seven months. Then again, seeing that stock subsequently lose half its value in a matter of weeks suggests that perhaps you didn't miss out on "the next Apple (AAPL)" after all.
It has been that kind of roller-coaster ride for investors in Uni-Pixel (UNXL), which is either widely admired or widely reviled, depending on whom you ask. The company, which has yet to generate revenue from operations, will eventually make its investors a lot of money or prove to be a spectacular bust, depending on how the next three to six months play out.
The Dow jumps nearly 140 points ahead of a big Federal Reserve decision on interest rates. Crude oil closes above $98.
But if traders are wrong, watch out.
Stocks rose for a second day in a row Tuesday, and the Dow Jones industrials ($INDU) finished up 138 points to 15,318, its second day of gains of 100 points or more. The close was about 91 points below its peak close of 15,409.39, set on May 28.
The Standard & Poor's 500 Index ($INX) and Nasdaq Composite Index ($COMPX) also moved higher in a broad rally. Crude oil closed above $98 a barrel for the first time since September.
Researchers from the University of Michigan say high-frequency trading doesn't actually make markets more efficient.
Is it time to slow down high-frequency trading? A new study says yes (.pdf). Despite arguments it provides liquidity in markets, researchers from the University of Michigan argue that it harms the average investor.
Although the term "high-frequency trading" (HFT) is often used loosely to describe trading at high speeds by computers, in this case we mean something specific: high-volume arbitrage activity, which plays on small, temporary differences in price between, say, a security trading both on the New York Stock Exchange and DirectEdge.
The energy infrastructure project is expected to help both firms with natural gas liquids transportation.
By Zacks Equity Research
Currently, both trains are under construction at Enterprise’s complex in Mont Belvieu, Texas and are expected to commence commercial operations in the fourth quarter of 2013. Trains 7 and 8 are designed to fractionate around 170,000 barrels per day (bpd) of NGLs.
Enterprise holds the majority ownership interest of 75% in the joint venture (JV), while Western Gas retains the remaining 25% stake. The latest JV is also the third midstream energy infrastructure project in which Enterprise has partnered with Anadarko Petroleum Corporation (APC) and its affiliates.
The tech giant surprised Taiwanese manufacturers when it unveiled the first full-size iPad for $499.
The Taiwanese tablet market is set to grow exponentially this year, nearly doubling the hardware sales of 2012.
Executive VP and Chief Sales and Marketing Officer Maxwell Cheng of Far EasTone Telecommunications (FETLF), told DigiTimes that 70% to 80% of those tablets will fall within the seven-inch range. Cheng's company alone hopes to sell roughly 300,000 units this year.
While two million may not sound like much for a full-year sales goal (one American tech giant sold three million tablets in just one weekend), the Taiwanese market is just beginning to rise. Apple (AAPL), which has been breaking sales record since the day the first iPad was released, has an opportunity to take control of this emerging market before it peaks.
Here's a list of ways to profit from the potential move from defensive to cyclical stocks.
By Richard Moroney, Dow Theory Forecasts
In a market where virtually everything has risen, where should investors look for the next move? By splitting S&P 500 ($INX) industries into defensive and cyclical camps, we found that cyclicals offer richer fields to plow for new investment ideas.
Below, we review four cyclical stocks that could be positioned for strong gains in the second half of 2013: BE Aerospace (BEAV), BlackRock (BLK), DirecTV (DTV), and Qualcomm (QCOM). Each are long-term "buys" on our recommended Focus List.
In this installment: Shares of the burrito-making chain rise as rival Qdoba Mexican Grill closes locations across America.
The fossil fuel industry is in a death spiral, squeezed between its own carbon costs and profitable alternatives.
Increase efficiency, increase renewable energy production, increase production of oil and natural gas, and something has to get squeezed out, right?
That something is coal.
Over the last few years coal has been losing its U.S. power plant customers, and now export markets are weakening, creating what Michael Forbes of Marketintellegencer calls a "downward spiral."
BHP Billiton (BHP), the Australian company that is the only industry player to be opening new mines, is down 20% so far this year, and the company's website is now emphasizing work on oil and sustainability.
The Japanese electronics company has struggled to make headway in recent years, losing out to Apple and Samsung.
U.S. hedge fund Third Point on Tuesday said it has lifted its stake in Sony (SNE) and urged the Japanese electronics giant to spin-off its entertainment business.
Sony appears to be regaining its competitive edge and as a sign of its increased confidence in the company, Third Point has raised its stake to 70 million shares valued at 136.5 billion yen ($1.4 billion), the hedge fund's CEO Daniel Loeb said in a letter that was seen by CNBC.
The billionaire investor reiterated his call to spin-off Sony's entertainment division and offer to sit on Sony's Board of Directors.
Stocks are higher following a report showing inflation remains tame.
This deterioration suggests the stock market could be vulnerable in the second half of the year.
My suggested allocation to stocks continues to include at least 50% out of the market in cash equivalents. Part of the amounts invested in the stock market should be allocated to buy-rated stocks in the Dow Industrial Average ($INDU).
On May 22 when I wrote on TheStreet about allocating assets to "buy"-rated Dow stocks, there were 15 "buy"-rated names to choose from. Today, the ranks of the "buy"-rated companies has thinned to 10, which is a warning that the stock market could be vulnerable in the second half of the year.
The search company is said to be in talks to buy the movie-making app after walking away from Dailymotion.
Lightbank, Lerer Ventures and other investors have poured more than $10 million into Qwiki, an app that automatically merges photos, videos and music into one mobile movie.
According to AllThingsD, this app has gotten the attention of Yahoo (YHOO), which is currently discussing the possibility of an acquisition. Better still, Yahoo could offer the firm as much as $50 million.
This deal would provide the company's investors with a hefty return. The same cannot be said for another company that Yahoo is interested in acquiring.
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- July crude oil retreated into negative territory following inventory data that showed a build of 0.313 mln barrels when a draw of 0.5 mln was anticipated. The energy component dipped to a floor session low of $98.03 per barrel and chopped around below the unchanged line until the release of the FOMC policy directive at 14:00 ET. It then popped to a session high of $98.74 per barrel but ultimately settled 0.2% lower at $98.25 per barrel. Prices fell to a new LoD of $97.57 ... More
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