Indexes might not be in correction territory, but they're getting closer. Now's the time to consider what moves to make.
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The company's tax rate of 37.5% could drop to 20% overseas. Some shareholders are pushing for a move.
Walgreen, headquartered in the Chicago suburb of Deerfield, acquired 45 percent of Alliance Boots in 2012 and holds an option to purchase the remainder of the company. The first Walgreen’s opened in Chicago in 1901.
At a private meeting convened Friday in Paris, the FT reports, investors owning a nearly 5 percent aggregate stake in Walgreen pressed the case for shifting Walgreen's headquarters out of the U.S.
Many factors suggest the yield of Suburban Propane Partners will soon be headed south.
Like people, companies sometimes fail to adequately manage their finances for so long that something eventually has to give. And that's just what I think is happening with one well-known company with a reputation for safety, reliability and far-above-average dividend yields.
Right now, the company's payout is $3.50 a share, which is good for an 8.2 percent yield based on a recent stock price of around $42.50. The stock's yield has averaged 7.5 percent annually for a decade.
I wouldn't rush to invest just yet, though, because I strongly suspect this dividend party can't last much longer. Investors who buy now thinking they'll get yields north of 8 percent might soon be in for a nasty shock in the form of a major dividend cut.
It's unnerving that almost every strong stock has a poorly performing company underneath it.
Almost everyone I know has two emotions about this market: They hate it and they fear it.
They hate it because they can't figure it out. They fear it because if they can't figure it out, then something must be very wrong that they either can't see or can't get their arms around.
Some of this fear comes from the fact that no one I know -- and I've canvassed the best desks -- has a clue why interest rates went down last week on some very strong U.S. data. The only plausible flight-to-quality provokers I heard were as follows:
iTunes Radio has attempted to use streaming to boost digital music sales, but streaming subscribers are paying not to make those purchases.
Apple (AAPL) is watching its iTunes Radio streaming service flounder because it doesn't understand the most fundamental truth about streaming music customers.
We're not listening to streaming music services so we can find the next song to buy. We're listening and subscribing to them so we don't have to buy songs anymore.
That is what nobody in the industry wants to talk about. Regardless of whether Pandora (P) manages to keep pace with competitors like Beats Music and Spotify, the streaming music subscription model is out there and isn't going away anytime soon. Oh, and it's making the a la carte, $1.25-a-song download model look foolish by comparison.
The stock rockets higher in its first day of trading. Everyone wants to find the next Chipotle.
If you're a restaurant adding stores and piling up profits, the last two years have been a great time to go public.
Even with the broader market reeling and the demand for IPOs showing a few cracks, Zoe's Kitchen (ZOES) proved Friday that the hunt for growth stories is still on in some corners.
The small company raised $87.5 million, selling 5.8 million shares at $15 apiece, and the stock rocketed 73 percent higher in its debut, closing Friday at $24.72. Zoe's, which initially intended to sell shares for between $11 and $13 apiece, upped its price tag by two bucks earlier in the week and landed at the top of that range, indicating demand.
A new report says the market for this type of technology could surpass 100 million units by 2018.
By Jim Probasco
Shipments of wearable computing, especially of the functional and stylish variety, will exceed 19 million units in 2014, according to research from International Data Corporation released Thursday. By 2018, the worldwide market would grow to nearly 112 million units.
Wearables have clearly moved out of "early adopter" status and, IDC said, into the pages of GQ and Shape -- not just Computerworld and Wired.
Among the most popular wearables are Nike's (NKE) Nike+ FuelBand, Jawbone UP and Fitbit devices, all part a rapidly growing fitness and health space. These devices fall into a category referred to as complex accessories designed to operate partly independent of other devices. To make full use, however, they connect to smartphones, tablets or PCs to download and analyze data collected.
The tax burden on US corporations has fallen since the last major tax overhaul in 1986. Simply, it's a deal too good to give up.
The U.S. system for taxing corporate profits is outdated, ineffective at raising revenue, and creates perverse incentives for companies to shelter profits overseas.
It is also, for most U.S. companies most of the time, a pretty good deal, which is one of the big reasons why any serious overhaul will be so difficult to achieve.
The quick opposition that greeted the ambitious reform plan released a month ago by Republican Ways & Means Committee chairman Dave Camp, who last week announced he would retire from Congress, was chalked up to the usual array of special interests. But the broader problem is that U.S. companies, particularly those that compete in international markets, have adapted remarkably well to the current tax system.
The company goes against the grain of the Nasdaq's fall and gets an analyst upgrade. Could it finally see its day in the sun?
In this video from Friday's Stock of the Day, Motley Fool analyst Jamal Carnette discusses why he likes some of the moves Zynga is making at the moment. The company just named David Lee as its new CFO, a sign that the company's new CEO, Don Mattrick, is steering the company in a new direction, away from where the company sat under the leadership of former CEO Mark Pincus.
After a cold, hard winter, spending is heating up with the weather. Here are 4 investments for riding that trend.
It's increasingly clear that the polar vortex created havoc for retailers. As the snow piled up and temperatures plunged, many consumers simply stayed away from the malls. You can expect to hear all about it as earnings season unfolds.
Investors have already responded, shunning consumer stocks, and the key ETFs (exchange-traded funds) that track consumer discretionary spending are all under water for the year. As Citigroup analysts noted, "The worst performing sector thus far in 2014 is Consumer Discretionary, with the retailing industry group plummeting nearly 8 percent this year."
But a late winter thaw may have set the stage for much better days to come. And this lagging sector could deliver much better news as coming quarters unfold.
Is an airline a utility or a service? The ones who act like a utility have more financial success.
Spirit Airlines (SAVE) inspires a special kind of wrath among the American traveling public: It's the industry leader in customer complaints by a wide margin.
Over the last five years, Spirit's rate of complaints to the Department of Transportation was three times higher than other U.S. airlines, according to a report (PDF) released Thursday by the U.S. Public Interest Research Group Education Fund.
This is not the first time Spirit has been dinged for customer dissatisfaction. Last year it was the lowest-scoring carrier in a Consumer Reports survey of 16,000 readers. "Poor service, poor communication, poor quality," a commenter at airline-rating firm Skytrax wrote this week. "You couldn’t even make up how bad they are." The loathing has also inspired a dedicated Twitter (TWTR) feed: @hatespiritair.
Critics say the former secretary of state is a poor match for Dropbox, a startup that hosts users' business and personal data.
Dropbox is the latest company to run afoul of Silicon Valley's political orthodoxy.
The file-sharing startup Wednesday added former Secretary of State Condoleezza Rice (pictured) as a director to "help us expand our global footprint."
Quickly, an Internet protest sprang up to encourage Dropbox users to boycott the service unless the San Francisco startup forces her off its board. A new website, "Drop Dropbox," said Rice's role in helping set U.S. policies in Iraq, and in promoting U.S. intelligence agencies' surveillance policies, made her a poor fit for a startup that "we are trusting with our most important business and personal data."
That's the weird thing about this week. Usually there's an epic 'story' associated with a sell-off of this magnitude.
So here's the weird thing. There's really no "story" associated with this selloff, which is a point noted by Jesse Livermore on Twitter.
Now let's be clear, usually stories that explain market movements are BS, but there usually is one: Ukraine, China, oil, political gridlock whatever.
Something is very wrong when we get strong economic news and interest rates plummet. That's a fear of an unknown unknown.
To me, the bear case is as easy as pie.
Let's dispense with all form. Here it is.
1. Something is very wrong with the market when we get strong news out of the economy and interest rates plummet. That's a fear of an unknown unknown. What's the point of buying when there is something lurking?
2. When interest rates plummet, the banks plummet, particularly now that the short rates aren't going higher. Banks are the linchpin of all big rallies and we have lost them.
3. There is no price where the insiders won't sell these extended techs with no dividends or earnings.
The flood of public offerings dries to a trickle as companies wait out the market turmoil.
The tidal wave of initial public offerings has now dried up as the market reels. Out of eight IPOs set to price Thursday night, four got put on hold.
Those that failed to get out the door: Lombard Medical (EVAR) -- which cited the dreaded "poor market conditions," according to Renaissance Capital -- Scynexis (SCYX), Paycom Software (PAYC), and City Office REIT (CIO).
An amended S-1 (called an FWP Amendment) was filed by Paycom, which contained updated information on the first quarter: revenues up, net income down compared to last year. It's not clear if they will be able to price later Friday or not.
Call this a pipe dream all you want, but Amazon is spending research and development dollars on building out these drones, so it's obvious the company is serious about this initiative.
In Thursday's letter to shareholders, Amazon (AMZN) CEO Jeff Bezos touched on a number of initiatives, but perhaps the biggest is the company's plan for faster delivery. Not only is the Internet retailer really serious about providing a better experience for customers, its drone plans are bigger than anyone imagined.
This particular passage from the letter to shareholders was beyond startling, revealing the ambitious scale of Amazon's plans for drones, which were initially revealed just a few months ago:
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The company has made at least 4 acquisitions in the space, and few people have paid any attention.
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[BRIEFING.COM] The major averages finished the session on a modestly higher note, but not before heavy selling pressure sent the Nasdaq Composite (+0.3%) for a test of its 200-day moving average. The S&P 500, meanwhile, added 0.7% with all ten sectors posting gains.
Equities climbed at the open with the advance built on the relative strength of biotechnology and other momentum names. Despite the solid early gains in those areas, the market began fading from its high as multiple ... More
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