Stocks plunged Wednesday after Federal Reserve Chairman Ben Bernanke said a stronger economy may allow the Fed to end its bond buying program later this year.
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If history is any guide, the chip-maker's shares will blip, then drop, after posting a great quarter. But there's no reason a stock this good should continue to trade at a discount.
By Jim Cramer, TheStreet
How could the Street be so wrong about Intel (INTC)? How did people not see the demand? How did people not recognize what a gift it was to get this one with a 3% yield?
I understand. We have had several great quarters from Intel, and they have led to blips up that then gave up the ghost almost immediately. Maybe the tech bear market knows no bounds and we are simply going to see the same thing happen again. Every time Intel reports a great quarter, everyone says it is the last good quarter and sells it. Could happen again.
But I am a believer. I do not believe that high-quality, terrific stocks with earnings momentum, great product cycles, picture-perfect balance sheets and unbelievably good managements that are delivering amazing gross margins and sales should forever trade at big discounts to the average stock.
Fewer future buyers and low satisfaction plague RIM smart phones, a survey finds.
A recent survey lends some hard proof to the trend that many consumers and investors have already noticed: The BlackBerry is dying.
Why? Because the iPhone is killing it -- and because the Google Android operating system is driving strong sales for HTC and other manufacturers.
According to a survey conducted by ChangeWave Research at the end of June (just before the Apple iPhone 4 release), Research in Motion (RIMM) and its BlackBerry line of products is barely hanging on to its No. 1 spot in smart-phone market share, and a wave of big demand for the Apple Inc. (AAPL) iPhone looks like it will soon knock RIM from its perch. Read full details of the survey here.
The market is especially volatile now, anticipating key data coming Thursday.
Live by the rumor, die by the rumor.
Maybe they ought to engrave that above the entrance to the Shanghai stock exchange.
Monday, the Shanghai Composite Index climbed 0.8% to the highest level since June 28 after newspaper reports, essentially unsourced rumors, said that banks had resumed making mortgages on third homes in China's biggest cities. A prohibition on third-home mortgages had been a conspicuous part of Beijing's efforts to slow real-estate speculation.
Signs point to a turnaround for the aluminum giant, showing potential as a good recovery investment.
By Jim Woods, InvestorPlace.com
It’s been a tough year for aluminum. The spot price of so-called "primary aluminum" (99.7% purity) has fallen over -12% year to date, but that’s nothing when compared to the decline in the world’s largest aluminum manufacturer, Alcoa (AA). The Dow Jones component’s shares are down over -32% year to date, a decline that’s a clear reflection of fears of another leg downward in the global economy.
But investors should remember the old adage “buy low, sell high” when it comes to Alcoa stock. AA shares may have had a rough run lately, but there are signs pointing to a turnaround in the company soon. Here are three reasons why investors should consider Alcoa stock for their portfolios.
One analyst says what others won't: It's really hard to find good stocks.
Even the analysts who spend all day poring over stocks say they can't get it right.
"Recommending stocks in the current environment may well be a fool’s errand," says a top Barcap quant researcher, according to The Financial Times. "Stock selection has rarely ever been more difficult than it has over the past two months."
Apple sees the kind of sales and profit growth that's usually reserved for smaller companies.
Normally, when you get that big, it's hard to maintain a high growth rate. But Apple will likely get 50% more sales and 71% more profit this year than last year, writes Andy Zaky at Fortune. If that continues, Apple will beat out Exxon Mobil (XOM) to become the largest company.
How in the world can Apple sustain that kind of momentum? Oh, and by the way, Apple is sitting on a shocking $41 billion in cash.
Why can't we simply have a system where deposits equal expenditures?
I retired last September when I turned 62 and decided to take my reduced benefits. My kids had both graduated from college and were employed, my debt was low and I'd saved for retirement since I graduated from college. My Social Security statement showed I'd been paying in to the SSI fund since 1962 while I was still in high school and had contributions every year since then.
Yesterday an article by David Lightman called "A push to delay Social Security benefits until 70" caught my eye. The article, like most articles on Social Security tells of all the problems but offers few solutions except for pushing out your retirement date further and further. Well I've got some ideas.
Priced at $1 to $3, these small-cap picks have the explosive potential of penny stocks -- without the huge risk.
By Louis Navellier, Editor of Blue Chip Growth
Penny stock investing doesn’t have to involve super-risky stocks that can erase your retirement money. Penny stock recommendations also can encapsulate low-priced stocks that are more stable, trading at bargain prices and low valuations.
These bargain investments trade for between $1 and $3 -- very cheap compared with traditional equities. Though they are not trading for a few cents like some penny stock recommendations, these stocks are worth the extra share price because they have added stability.
Here are three pricey penny stock recommendations from this week for investors looking for low-priced picks with the ability to surge but with more stable companies that won’t collapse overnight.
With an increasingly coveted fleet, an improving balance sheet and plenty of cash, Ford has the momentum of an oncoming F-150.
By Jim Cramer, TheStreet
What does Ford (F) have to do to get some respect around this joint?
Two weeks ago the company announced a $4 billion payoff of its union and preferred debt obligations. Ford didn't have to do it. It could have made the union payment with stock. It could have kept deferring the preferred payments forever.
But the company had so much cash and the sales are so strong, they said let's just pay 'em off. That means that when Ford reports, it is going to get some serious credit upgrades and will be able to offer the most generous financing without getting killed in the process.
Investors are anxious about the country's GDP numbers, which are due out Thursday.
All eyes will be on China's second-quarter gross domestic product numbers when they're announced Thursday.
Will China's economy show something like the 11.9% growth of the first quarter (danger, Will Robinson), or a big drop to 8% (worryingly too slow) or come in just right? (See the latest forecast from the International Monetary Fund on the rest of the global economy in my post "Economic growth will be higher than projected, the IMF says, unless, of course, it's not.")
The numbers announced in the run-up to the GDP report haven't given much away.
The company is counting on frappes, smoothies and lattes to bring in $1 billion this year.
Pop quiz: What's expected to add $125,000 to the sales of each McDonald's restaurant in America this year?
The answer is beverages. And that's why McDonald's (MCD) has pounced on frappes, smoothies and other drinks as the economy struggles to improve.
McDonald's beverage line is also estimated to contribute $1 billion to the company's bottom line this year, Advertising Age reports. The company officially begins advertising the beverages this week.
Fans just aren't buying concert tickets this season, causing tours to be cut short or canceled.
It's not the best summer for touring rock stars.
The 2010 summer concert season is one of the worst in a decade. People aren't buying tickets, stadiums are going unfilled, and shows are being canceled.
Artists who would normally draw fans, including Christina Aguilera, the Eagles, John Mayer and Rihanna, have canceled shows or entire tours, Billboard reports. And that spells trouble for companies like concert promoter Live Nation (LYV), which merged with Ticketmaster in January.
There are several reasons for the drought:
Many of the S&P 500's worst laggards are closely watched companies like Alcoa and Monster Worldwide.
By Jake Lynch, TheStreet
The S&P 500 Index ($INX), despite last week's stock-market rally, has fallen 4% this year after posting a monumental rebound in 2009. Individual members of the benchmark index have suffered more pronounced downturns. And many of the laggards are closely watched companies.
Here are five of the worst-performing S&P 500 stocks so far this year. They are ordered by return, from bad to worse.
5. Monster Worldwide (MWW), a global online job site, has tumbled 32% this year. Monster's first-quarter loss more than doubled to $24 million, or 20 cents a share, as revenue declined 15%.
The administration has finally acknowledged that some of its policies have hurt companies.
By Jim Cramer, TheStreet
What happens if the administration means it -- if there is a truce in the war against business?
I hesitate to say what could happen; it would be so bullish, because the administration's endless push for an agenda that scares businesses from hiring has caused much of the unemployment stagnation in this country.
First, I don't know if there is a truce. We have some positives in the papers -- something that the administration would never allow, as it has tight control over the media (the tightest I have ever seen) -- including "Revisiting the Regulations Affecting Business," an article in Monday's Wall Street Journal. We had Larry Kudlow's incredibly important interview with Tim Geithner, which made it sound as though part of the war, the collateral damage of the equity owners, might be coming to an end.
When you can't tell the difference between light at the end of the tunnel and a train coming your way, then it's time to pay attention.
Let's look at my three yardsticks for evaluating the market. I use three because no single yardstick tells the whole picture. Barchart is the source of all my data.
Value Line Index -- contains 1700 stocks so I think it's more representative of the market than the narrower S&P 500 or the very narrow Dow 30 -- Index closed up for the week but still no long term trend
- Index gained 5.43% last week
- Index gained 2.05% last month
- Index was up for 3 of the last 5 weeks
- Still rated as a Barchart 40% technical sell
- Friday closed at 2253.61 and approaching its 20 day moving ave age of 2324.87
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Plus, after much ado, Softbank is oh-so-close to acquiring Sprint.
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[BRIEFING.COM] Equities ended on their lows with the S&P 500 down 1.4%.
The S&P entered today's session with a week-to-date gain of 1.5% as investors expected reassuring words from today's Federal Open Market Committee Statement.
Stocks traded with slim losses until this afternoon's FOMC Statement and subsequent comments from Chairman Bernanke sent equities and Treasuries to their lows while also providing a significant boost to the dollar.
Today's Statement was ... More
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