The $19 billion WhatsApp deal could become the Facebook founder's legacy . . . or his albatross.
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Zacks ranks this specialty retailer a strong buy and expects to see double digit earnings growth this year.
By: Tracey Ryniec
Genesco Inc. (GCO), a specialty shoe and hat retailer, is in the sweet spot for retailing. This Zacks #1 Rank (strong buy) is expected to see double digit earnings growth this year. Shares recently soared to a new multi-year high. But surprisingly, GCO is also a value stock, with a forward P/E of 14.7.
Being involved in retail since 1924, Genesco has seen its share of both good and bad economies. Headquartered in Nashville, it now operates 2,225 footwear and headwear retail stores in the U.S., Canada and Puerto Rico.
The company notched an impressive gain Tuesday after telling analysts it would target DIY customers.
This stock is on a roll, rising nearly 15% in the past three months.
You'd think the company wouldn't be faring all that well. The housing market is dismal, with home prices continuing to drop. Homeowners are cash-strapped, with little money budgeted for major renovation projects.
A single error on the company’s part can lead to dire consequences for small-scale merchants.
Groupon shares closed Tuesday at $16.01 -- well below the company's Nov. 4 IPO price of $20.
By rejecting a settlement between Citigroup and the SEC, a Federal judge seems to have struck a blow for transparency and investor protection. But the ruling could backfire.
Maybe the Occupy Wall Street movement is making everyone just a little bit more thoughtful about the roles and responsibilities of both the financial services industry and its regulators toward investors.
At least, that’s one possible conclusion we can draw from the unexpected decision by Judge Jed Rakoff, of the Federal District Court judge for the Southern District of New York, to nix the proposed $285 million settlement between the Securities & Exchange Commission (SEC) and Citigroup over allegations that the bank didn’t disclose to investors that it was involved in selecting investments for a mortgage-bond investment pool -- as it continued to sell those investments short.
The motorcycle maker's long-term strategy is running afoul with some dealers and constraining inventories of some pricier models.
CEO Keith Wandell, hoping to use Ford (F) as a template in Harley's turnaround, is streamlining production, cutting labor costs, pushing Harley into emerging markets and improving stores and customer service.
The family that controls the iconic property has filed tentative plans for a publicly traded company.
The Malkin family, which controls the property, has filed plans with regulators for a publicly traded company that includes the building, The New York Times reports.
The filing (which you can see here) doesn't say a whole lot. It refers to a company called Empire State Building Associates, and says that the Malkin family is working to include the company in a new real estate investment trust, or REIT.
Shares of the luxury retailer tank after it gives disappointing guidance for the current quarter.
Updated: 6:27 p.m. ET
Shares of Tiffany & Co. (TIF), a name synonymous with luxury, slumped Tuesday after the company spooked Wall Street with talk of "continued short-term economic challenges and uncertainties."
The stock was down 8.7% to $67.22 after Tiffany gave disappointing fourth-quarter guidance of $1.48 to $1.58 a share in earnings, way below the $1.63 analysts expected.
Europe's debt-tangle could spread to the stronger French and German economies.
JPMorgan Chase's (JPM) stock is caught up in the undercurrent that is dragging down share prices of all financial sector firms. The bank's shares are trading around $29 -- lows the stock hasn't seen since early 2009. Clearly the fact that the bank surpassed rival Bank of America (BAC) to become the largest in the U.S. in terms of total assets last quarter did not help its stock much.
In view of the weak global economic conditions -- primarily escalating debt in Europe -- and the string of lawsuits concerning the bank, we reviewed our analysis for JPMorgan and revised our price estimate for its stock from $45 to $39.
Central European Distribution has seen plenty of interest this year -- but its businesses remain troubled.
Being right for the wrong reasons
By Morgan Housel
In December 2007, I wrote an article titled "The Impending Destruction of the U.S. Economy." It was one of the more popular articles I've written for The Motley Fool. Readers cheered along with its message. It received almost no pushback or rebuttals -- a rarity. I still get the occasional laudatory email to this day.
And it was almost entirely wrong.
The article was straightforward: The economy was buried in debt, and the chicken was coming home to roost. That part was right, and late 2007 indeed marked the beginning of a debt-fueled recession that lingers today.
Short-term concerns are creating long-term value for this maker of high-tech controller chips.
I think the critical market factors that are needed to drive growth at Marvell Technology Group (MRVL) in 2012 will materialize and be solid throughout the year.
If I'm right in this assessment, I think Wall Street will wake up to the value of the story sometime during the next six to 12 months.
The glass-display maker said a major customer will not honor its contract for the fourth quarter.
The company was forced to lower its fourth-quarter profit estimates after a major customer said it wasn't going to buy as many glass displays as it had promised. Now, Corning has cut its production outlook for the glass it makes for LCD displays.
The company's main problem is that there's too much supply. Corning tried to address that by cutting its LCD glass prices, but that wasn't enough to keep its major customer on board.
HP and RIM are upgraded, while Dillard's is downgraded. Boeing is initiated with a 'buy.'
As the nation's third-largest airline, American Airlines, and its parent company AMR (AMR) filed for bankruptcy protection Tuesday, the much smaller US Airways (LCC) was upgraded to "neutral" from "sell" at Citigroup.
Meanwhile, Hewlett-Packard (HPQ) was upgraded to "outperform" from "sector perform" at RBC Capital. And after being downgraded Monday, Research In Motion (RIMM) was upgraded to "market perform" from "underperform" at Bernstein.
Strong Black Friday sales recharged the sector. These three stocks have big upside potential if the rally continues.
By Tom Aspray, MoneyShow.com
The major averages closed last week just above the key 61.8% Fibonacci support before rocketing to the upside on Monday, spurred on by much-better-than-expected Black Friday shopping.
Over the past several months, many economists had painted a bleak outlook for consumer spending. For example, in late September, the chief U.S. economist at Mizuho Securities, Steven Ricchiuto, said, "What you’re basically getting is a scene where consumers are losing momentum, they’re losing momentum on income, and as a result of that, they’re slowing down on spending."
The model of hub-and-spoke legacy carriers has proved difficult to perpetuate.
By Jeff Reeves, InvestorPlace.com
AMR Corp. (AMR), the parent of American Airlines, announced Tuesday that it will file for bankruptcy protection. Crippling debt, labor issues and higher fuel prices have clipped the company's wings in recent years.
So what does this mean for consumers? Not a whole heck of a lot. American and its partners will keep flying as usual, and day-to-day operations will be unaffected.
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With sales suffering as a string of novelty menu items missed the mark, the fast-food chain's latest offering is a good old-fashioned sandwich with bacon.
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[BRIEFING.COM] The major averages ended the Wednesday session on a mixed note. The Nasdaq (+0.4%) and Russell 2000 (+0.3%) posted modest gains while the Dow Jones Industrial Average (-0.1%) finished in the red. For its part, the S&P 500 (+0.03%) settled just above its flat line.
Stocks began the day in the red, but spent the first two hours of action in a steady climb off their lows. The cautious start took place amid broad-based weakness across major European markets where ... More
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