Stocks have rallied 177%, and while calling a top is the easiest thing to do, it might not be the most accurate, Cramer says.
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The iPhone maker will probably find a quick replacement for Ron Johnson, who is leaving to lead JCPenney.
By James Rogers, TheStreet
Apple (APPL) should shrug off the departure of its retail guru Ron Johnson to JCPenney (JCP), according to Goldman Sachs (GS), which says the company's growing network of stores will continue their upward trajectory.
"While Mr. Johnson has been a key figure in Apple's expansion and we view his departure as a loss, the company's retail strategy is now well established," explained Bill Shope, an analyst at Goldman Sachs, in a note released on Tuesday. "As a result, there is a firm retail template in place and we see little disruption to the company's plans or performance."
Johnson will assume the Penney CEO's position on Nov. 1, according to the Plano, Tex.-based retailer, succeeding Myron (Mike) Ullman III. In a statement, Penney also confirmed that Johnson will join its board of directors, effective Aug. 1.
While spending in the U.S. may be hurting, China’s demand for luxury goods remains strong
Kohler, the American plumbing fixtures manufacturer, now sells the $6,400 Numi luxury toilet in emerging markets like China. Driven by the demanding tastes of China’s newly wealthy, the Numi features a heated footrest and a “sleek iTouch style remote,” according to the Financial Times, that controls an internal music system, the adjustable bidet, and the temperature of the seat.
It also allows the user to play video games, read e-books, and call friends on Skype. Yes, Skype. The press release didn’t elaborate on whether or not Skype’s video conferencing features are enabled; I sincerely hope that they are not.
This story about a tricked-out toilet is good for a laugh, but it also is a serious example of the potential of emerging markets. Consumers in regions like China have money to burn on consumer and luxury goods even as Americans are cutting back.
Ron Johnson is a visionary in the retail world who will help lead the stalled-out department store into its long-awaited next turn.
Johnson, if you aren't familiar with his work, is the man who invented the look and feel of the Apple (AAPL) Store -- which, by the way, is the most successful retailer in the world. The average Apple Store is estimated to sell about $27 million in product each year, which comes to more than $4,000 per square foot. No merchant on earth comes near it -- nobody even has more than $1,000 per square foot that I can find -- and I would attribute an outsized amount of that money to Johnson, who turned Target (TGT) around before he went to Apple and has the best eye in the business.
Remember, every other computer company has failed at retail. Apple is the best success story in retail -- ever -- and Johnson was instrumental, with innovations like the Genius Bar and the swarming smart young people who help you and get you started. Once someone has bought something at an Apple Store, the repeat business is astounding.
Higher fuel prices and labor costs take a bite out of GOL's operating margins even as traffic and revenue climb..
Bidding online for everything from designer jeans to appliances was supposed to overhaul commerce as we knew it. What happened?
What happened over the last decade? Now, even eBay doesn't care much for online auctions (they make up 31% of sales on the site) and the very concept of bidding for something over the computer seems to be dead, writes Wired Magazine.
EBay has gone from being an auction company with a payments business (PayPal) on the side to being a financial company with an auction business on the side. PayPal is growing like a weed, and brought in $3.4 billion in revenue last year.
EBay still runs auctions, but most of those go through the fixed-price "Buy it Now" option that eliminates the need for bidding.
Firming economic data and a recovery in the credit markets are helping stocks push off of their worst oversold condition since the late 1990s.
Well, isn't that better?
Stocks, commodities and other risky assets blasted higher Tuesday, thanks to a batch of good economic data. Inflationary pressure -- one of the main reasons for the market sell-off over last the past two months -- is beginning to abate because of lower energy prices. Retail sales were better than expected. And inventories remain very tight, setting the stage for a production rebound in the second half of the year while businesses restock their shelves as the economy re-accelerates.
This is a welcome change after the S&P 500 lost 7.7% from its May 1 high and settled into one of the worst oversold situation in decades. Breadth is blowing out, and by all indications, the rebound is the real deal and should continue. Here's why:
The lawn and garden company eyes medical marijuana as a potential business opportunity.
Scotts Miracle-Gro (SMG) is definitely interested in medical marijuana. And why not? The company's premium topsoil, plant food and weed killers could find new customers among marijuana growers.
It's an opportunity that chief executive Jim Hagedorn can't pass up. "I want to target the pot market," he told The Wall Street Journal. "There's no good reason we haven't."
Check out the following video interview for more about Hagedorn's comments.
Post continues after video:
A strong lineup of brands will help the company claim more than 40% of the at-home coffee-drinking market, one analyst says.
By Miriam Reimer, TheStreet
Already the clear leader in the single-serve coffee market through the success of its Keurig brewing system, Van Winkle said he raised his market share expectations for Keurig from 15% to 25% and then to 30%, but sees the one-cup brewer garnering upwards of 40% market penetration "given the strong line-up of brands available and further innovation lying ahead."
He specifically mentioned the Dunkin' Donuts brand of K-Cups -- single-serve pods used to brew a cup of coffee with the Keurig machines -- as a way Green Mountain is making gains towards deeper market share.
The cable giant will allow customers to use video calling through their television sets.
By Joe Deaux, TheStreet
Comcast said its customers would get an adapter box, a high-quality video camera and a special remote that could channel surf and send Skype texts.
"Exact pricing is still being worked on, but we plan to offer the equipment and service at a low monthly rate," said Peter Dobrow, a Comcast spokesman, in an email.
"TV has evolved into a social experience, and Comcast and Skype will be delivering a product that personalizes the TV experience even more, and brings friends and family together through the biggest screen in their homes," said Neil Smit, Comcast Cable president.
US carriers collected $3.4 billion in baggage charges and $2.3 billion for reservation changes last year.
The biggest fee hog was Delta Air Lines (DAL), which led the industry in fees for both categories, Reuters reports. In fact, Delta collected more than 20% of the entire industry's total. American Airlines, owned by AMR Corp. (AMR), came in second. You can see the full list here.
Check out the following video report about the fees.
Post continues below:
Investors who buy the metals in the current environment take a big risk, as the charts predict further declines.
Buffett's company is approaching book value.
By Morgan Housel, The Motley Fool
You can't go back in time. If you could, investing in any number of cherry-picked companies would solve most people's present-day financial problems. Ah, if only.
The next-best thing? Buying good companies at valuations even investors with a time machine couldn't.
That's where Berkshire Hathaway (BRK.A) shares sit today.
How Berkshire should be valued is a regular matter of debate. It isn't a normal company, so some normal valuation metrics lack relevance. Many of Berkshire's investments generate no net income yet still reward shareholders handsomely.
These managed funds offer a more nuanced approach to navigating an uncertain sector.
By Don Dion, TheStreet
Until recently, commodities stood out as a popular destination for many investors as sweeping global market strength helped propel the prices of metals, agricultural products and energy sources along seemingly uninterrupted upward paths.
Over the past few weeks, however, commodities have stopped moving in unison, calling into question this full-steam-ahead mentality. While some resources such as corn are powering toward record highs, others, such as nickel, are facing substantial headwinds.
This shift has not gone unnoticed and, as the Financial Times pointed out last week, many commodities investors are adjusting their investing approaches to better deal with this type of environment. Rather than diving headfirst into commodities, many are opting for a more tactical approach. Such a strategy better ensures that they are able to zig and zag along with the fluid commodities landscape.
Everything is falling into place for the abundant domestic fuel -- except Washington.
These days, Chesapeake is typically in the news only when the story is about the CEO pay of Aubrey McClendon. I think it should appear in the news for being the biggest driller in this country. That's right. The biggest. It's the second-largest holder of natural gas in the country, and it is one of the top petroleum producers. It is at the forefront of every single shale, and it is trimming its debt and doing all the right things, including this first dividend boost since 2008.
The confidence this dividend boost shows is terrific, because if Chesapeake were too stretched in its campaign to lower debt and drill more oil wells, it wouldn't take this action.
Bank lending and the money supply have slowed. Will industrial production follow suit?
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The solid report comes a month after the retailer closed all of its Canadian operations.
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 added just over a point, holding its weekly gain at 1.0% while the Nasdaq lost 0.4%.
The major averages began the day on an upbeat note, but relinquished their opening gains during the first 90 minutes of action. The early sentiment was boosted by a better-than-expected nonfarm payrolls report for February (175K versus Briefing.com consensus 163K), but a closer look into the report suggested that ... More
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