Stocks should be crushed by global turmoil, Jim Cramer says. Instead, they're doing fine.
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The auto parts company is set to go public next week, but will it raise the hundreds of millions of dollars it's targeting?
Michigan automotive parts company Delphi Automotive is hoping to raise as much as $578 million in its initial public offering next week.
The company plans to offer 24.1 million shares at a price range of $22 to $24, according to Crain's Detroit Business.
ETF investors will be closely following the European debt crisis and another week of earnings.
By Don Dion, TheStreet
Here are five ETFs to watch this week.
1. iShares MSCI EMU Index Fund (EZU)
The opening days of November have been wild for the European Union as the region continues to sort out its ongoing economic crisis.
Although it has long been a central focus for euro-crisis watchers, Greece dominated discussions over the last few days following reports that Prime Minister George Papandreou was calling for a referendum on the nation's bailout package. By Monday, Papandeou had agreed to step aside and allow a new unity government to be formed.
Warren Buffett's conglomerate saw operating earnings soar, but profit was tempered by losses in weak equity markets.
Berkshire Hathaway (BRK.A) reported third-quarter operating earnings of $1.54 per share, marking an increase of 36% from a year earlier. The strong growth in earnings was led by higher operating income across all the business segments, except in finance and financial products.
However, net income came in at 92 cents per share, down 23% from a year earlier. That decline was attributable to a loss of $1.5 billion in investment and derivatives caused by weak equity markets, down from gains of $200 million in the year-ago quarter.
The struggling bookseller unveils an updated tablet e-reader to compete with Amazon's Kindle Fire.
The bookstore chain will sell the Nook Tablet for $249, which is about $50 more than the upcoming Kindle Fire from Amazon. Both devices are coming out next week.
Double bottoms in three stocks and an emerging-market ETF offer very good upside potential.
By Tom Aspray, MoneyShow.com
As discussed last week, double-bottom formations were observed in many stocks and ETFs at the October lows. This formation can provide many good entry points for both traders and investors. As noted in the article, full-time or professional traders can often spot good entry points just after the second low of the double bottom is being formed.
There are other ways to trade this formation, however. To confirm a double-bottom formation, prices need to move above the intervening high, preferably on good volume. Often times the breakout level will be retested, and when this occurs, it can provide a good entry point.
The car-sharing company completed a UK acquisition, expanded its university program and launched a Facebook application in the third quarter.
The world's leading car-sharing network completed its U.K. Streetcar acquisition during the quarter, expanded its university program to 36 new campuses and launched a Facebook application for members.
The electronics superstore chain takes over a partnership with British phone retailer Carphone Warehouse, announces plans to close 11 UK stores and bolsters its Geek Squad.
By Antoine Gara, TheStreet
Best Buy (BBY) Monday said it would take ownership of a mobile-phone sales joint venture with British phone retailer Carphone Warehouse for $1.3 billion and also said it would buy mindShift Technologies for $167 million to bolster its Geek Squad and Best Buy Business services.
The Minneapolis, Minn. electronics retailer said it would also cut plans to expand its European operations by closing 11 U.K.-based pilot big box stores. Currently, Best Buy Europe has 2,500 "small box" stores that will remain. While Best Buy's U.S. sales fell slightly in 2011 to $37.2 billion, its international sales increased nearly 6% to $13.1 billion.
Dozens of fund managers and strategists say Americans ought to get in touch with their greedy side.
By Robert Holmes, TheStreet
Thankfully, dozens of fund managers and strategists meeting together last week in San Francisco at Schwab's annual investor conference offered an in-depth view of their plans and advice to clients.
Once an industrial giant, the photography company is now a shell of its former self.
The company said last week it may have to take on more debt or sell a large chunk of its patents in order to survive the next 12 months. Kodak also cut its cash outlook and said operational losses have mounted to $400 million to $600 million for this year. Previously, the company estimated losses at $200 million to $400 million.
What happened to Kodak, once a global powerhouse?
Credit-card stocks, such as Visa, MasterCard and American Express, are printing money.
By Charles Sizemore, CFA, Editor, The Sizemore Investment Letter
If consumer sentiment soured last quarter, it appears that MasterCard (MA) cardholders were curiously immune. Earlier this week, the company announced third-quarter revenue was up 27%, and the dollar volume of purchases made using MasterCard-branded credit and debit cards rose 18%.
Earnings per share were up an almost mind-blowing 43%.
The airplane maker's new plan to return to the Kennedy Space Center to build passenger spaceships was heralded by all parties involved.
Boeing's (BA) recent announcement that it plans to return to the Kennedy Space Center to build passenger spaceships was heralded by all parties involved. In addition to expected job growth up to 550 in the next three years, the combined effort with Space Florida (a state-backed agency that works with space-related companies) will allow Boeing to ramp up production of the company's CST-100.
These blue chips are positioned to boost R&D, acquisitions, buybacks and dividends.
The technology stocks in our model portfolio are far outpacing the market this year. One factor in their favor is their fat bank accounts. These three companies are flush with cash.
Here is a roundup of our favorite high-tech cash machines: International Business Machines (IBM), Intel (INTC) and Cisco (CSCO).
The java joint defies conventional wisdom every day.
The oil company's planned sale of an Argentine unit falls apart. The bookseller may introduce an upgraded tablet device.
By Andrea Tse, TheStreet
Updated at 8:50 a.m. ET
BP's (BP) planned $7.1 billion sale of a stake in Pan American Energy to Cnooc (CEO) has fallen apart. Bridas Corp., which is owned by China's Cnooc and the Bulgheroni family of Argentina, said late Saturday that it scrapped the transaction, citing legal reasons. BP said that its financial condition has improved significantly over the past year and that it will keep its stake in Pan American Energy.
Tuesday’s drop gave investors an excellent entry point for a sustained rally. Of course, certain groups appear better than others at the moment.
By Tom Aspray, MoneyShow.com
It was another headline-driven week for the markets, as last Tuesday’s plunge in reaction to uncertainty in the Euro debt plan shook the confidence of even some bullish investors.
As I noted last week, the market was quite overbought, so a correction was likely. But it was sharper than I expected.
The market is now awaiting the confidence vote in Greece, which will be completed late Friday, and concerns have been growing over Italy since Prime Minister Silvio Berlusconi turned down funding from the IMF on Friday. The Italian bond and stock markets were not convinced, and once again came under pressure.
Though Tuesday’s losses were quite severe, if you look at the charts the pullback looked fairly normal. In many cases, Tuesday’s decline just filled the gaps from the previous week, which is pretty normal from a technical standpoint.
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[BRIEFING.COM] The stock market capped the trading week with losses across the major averages. The S&P 500 fell 0.5% to surrender its weekly gain, while the Dow Jones Industrial Average (-0.7%) and Russell 2000 (-0.9%) underperformed. The two indices posted respective losses of 0.8% and 0.6% for the week.
Equity indices were pressured from the get-go after several heavyweights disappointed the market with their earnings and/or guidance, which led to some broader profit-taking. After ... More
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