Jim Cramer asks, why pay any attention to letters from a manager who lost money in the first quarter?
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Shares are priced too high to rally off these quarterly reports.
"They aren't coming in as I thought they would," someone said to me last night at dinner.
"These earnings are really nothing to write home about," someone emailed me as I was on the way home.
Guy in the hall: "Jim, you are too bullish about earnings."
Wait a second. The earnings are fine! It's the stocks that are bad. That's right, all the stocks with good earnings have had a monster move already, and I have to tell you that I don't even care what they say -- the stocks won't work.
Nokia and Ericsson report better-than-expected quarterly results. EBay's guidance disappoints investors.
By Andrea Tse, TheStreet
Telecommunications company AT&T (T) reported third-quarter earnings that met the estimates of analysts as it added 2.1 million wireless subscribers to pass 100 million.
AT&T earned $3.6 billion, or 61 cents a share. Revenue fell 0.3% to $31.48 billion.
Analysts surveyed by Thomson Reuters expected AT&T to earn 61 cents a share on revenue of $31.62 billion. AT&T shares were down 2.3% to $28.40.
Are we headed for another depression?
Freeport McMoRan Copper & Gold (FCX) beat analyst estimates Wednesday in its third-quarter earnings report, but copper was trading down more than 2%.
What does that say about the health of copper, and in turn, the global economy?
The Phoenix, Ariz.-based company reported earnings of $1.10 per share on $5.2 billion in revenue. Wall Street had expected earnings of $1.02 to $1.05 per share on $4.8 billion in revenue, so Freeport handily beat estimates.
"When is the last time everyone predicted a recession in advance?" The short answer is: never.
By Morgan Housel
The headline was too much to resist: "Analyst says stocks may fall another 50%."
I go to great lengths to avoid these prognostications, but I couldn't help myself. I clicked. It was a video of a well-dressed stock picker, ready to predict the future with unflappable conviction.
We haven't seen anything yet, he warned. The coming months will shower the economy with destruction on par with the Great Depression. Stocks will fall another 50%.
Who was this man? I hadn't a clue. It didn't matter. He seemed to know the future. What if he were right?
Sales are down for 3 years in a row, while alcoholic spirits are seeing renewed interest.
And now the industry is in a bit of a panic. One reason? The old ways of doing business just don't cut it anymore. Jokey Super Bowl commercials don't resonate like they used to. Weak, watery beer is falling out of favor.
Consumer attention has especially turned to alcoholic spirits lately. Spirit volume sales rose 3.2% for the year ended in mid-September, Ad Age reports. Beer sales fell 1.5%. How can beer compete when Captain Morgan, Johnnie Walker and Skinnygirl cocktails have all the momentum?
Launching the iPhone 4S in October cut into quarterly sales but also allowed the company to raise guidance for the current quarter.
Management reportedly cancels a meeting wtih an activist investor in a stunning move that smacks of arrogance.
Research In Motion (RIMM) has been called the headless horseman before.
Now it appears that management has gone to a new level of cluelessness, reportedly canceling a meeting between an activist investor and two board members.
Company lawyers nixed the meeting that Jaguar Financial had scheduled with two of RIM's independent directors, according to reports. Jaguar was supposedly going to talk about corporate governance. It appears to be a safe bet that RIM's co-chief executives, Mike Lazaridis and Jim Balsillie, had something to do with the cancellation.
The coffee chain is introducing its lightest and mildest roast yet in an effort to reach more customers.
The coffee chain is trying to change that perception with Blonde, its lightest roast ever, and one it says is milder and less acidic. It's an attempt to reach that 40% of the U.S. coffee-drinking crowd that prefers a lighter roast, Reuters reports.
The move amounts to a land grab in the coffee market. Starbucks wants new customers and is breaking its Italian-inspired tradition of darker, heartier roasts to get them. "This is a significant opportunity for Starbucks to gain a greater share of the brewed-coffe market," the company said.
The channel will push local news in California as a test for a nationwide rollout.
By Jeff Reeves, InvestorPlace.com
Want some Little League scores with your Big Mac?
McTV will be introduced at select restaurants in California during the next few months, eventually reaching 800 locations. If successful, it could roll out nationwide soon after.
Be prepared to buy strong stocks on corrections.
By Tom Aspray, MoneyShow.com
Monday’s sharp decline took many stocks in the strong sectors back to first good support, while the market averages held well above their first retracement levels. With Monday’s drop, many called an end to the rally from the October lows and expected stocks to go much lower.
This view was supported by the weaker-than-expected earnings from Goldman Sachs (GS), but instead of dropping, the stock moved higher. Tuesday’s sharp gains are characteristic of a stock market that is internally strong and can go much higher.
Shares sink after a rare earnings miss, but the dip will be a mere bump in the road.
By James Rogers, TheStreet
Apple (AAPL) sent shock waves through Silicon Valley when the company reported a rare miss after markets closed on Tuesday, falling short of the consensus profit view for just the third time since 2002.
Investors were shaken by the fourth-quarter numbers, particularly the gadget maker's weaker-than-anticipated iPhone sales, pushing Apple's stock down by as much as 5% in early trading Wednesday.
The fourth-quarter results, however, should be little more than a bump in the road for Apple and its new CEO, Tim Cook, who stepped up to replace his iconic predecessor, Steve Jobs, in August.
Here are 4 ways to profit and how to protect your finances.
In early October, the Census Bureau released 2010 figures revealing American homeownership is at its lowest level since the Great Depression, with the homeownership rate falling to 65.1%. That's compared with a nearly 70% peak in 2005 and 2006 that might never again be achieved now that funny-money mortgages have evaporated.
You might think it’s an overreaction to call homeownership dead when more than half of Americans are still living in a property they own or are carrying a mortgage on. But a closer look at the numbers reveals the trend is serious indeed, pushing more Americans into rentals.
This market is driven by momentum, something Apple just lost and Intel just gained.
I think people are going to be very worried about how there's nothing out there looming that could be positive in the out years for Apple.
But Intel? It's so cheap, who cares?
Which one, however, is really cheap? In reality, after you back out Apple's cash, it trades at pretty much the same price-to-earnings multiple, even though Apple's growth rate is much, much higher than Intel's.
These dividend-paying stocks appear undervalued relative to their long-term appreciation potential.
By John Buckingham, The Prudent Speculator
It is nice to see the renewed interest in income, as we can’t forget that dividends and their reinvestment have long been substantial contributors to the total return on equities.
Here we highlight four dividend-paying stocks that we believe are undervalued relative to their long-term appreciation potential: Hudson City Bancorp (HCBK), Merck & Co. (MRK), Ship Finance International (SFL) and Whirlpool (WHR).
Noted value investor Leon Cooperman shares his thoughts at this year's Value Investing Congress.
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[BRIEFING.COM] The Nasdaq Composite (+0.5%) and S&P 500 (+0.2%) posted modest gains on Thursday, but not before enduring a morning dip into the red, which took place in reaction to reports indicating Russia has commenced military exercises on the Ukrainian border.
The news from Europe knocked the key indices from their early highs, while giving a boost to safe-haven assets like gold futures (+0.5% to $1290.80/ozt), Treasuries (10-yr yield -1 bps to 2.69%), and the Japanese yen (102.30 ... More
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