Longtime market bull Jeremy Siegel says investors could realize the market is behind the curve on interest rates.
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UBS initiates Target with a 'buy' and Costco and Walmart with a 'neutral.'
Wednesday's noteworthy upgrades include:
- Dollar General (DG) upgraded to Buy from Hold at Deutsche Bank
- Duke Energy (DUK) upgraded to Buy from Neutral at Goldman
- Aon Corp. (AON) upgraded to Outperform from Sector Perform at RBC Capital
- US Airways (LCC) upgraded to Buy from Fair Value at CRT Capital
- Marvell Technology (MRVL) upgraded to Buy from Hold at Craig-Hallum
- Talbots (TLB) upgraded to Neutral from Underperform at Wedbush
Two struggling companies won't create a stronger one.
J.C. Penney Wednesday agreed to acquire a 16.6% stake in Martha Stewart's media empire for $38.5 million. It's a steal. New York-based Martha Stewart has a market capitalization of about $173 million, a fraction of the $1.87 billion value the company had in February 2005. Shares of the media conglomerate soared on the news.
The company reports several improvements and is ranked a short-term 'buy.'
By: Zacks Equity Research
AutoZone Inc. (AZO) recorded a 24% rise in profit to $4.68 per share in the first quarter of its fiscal 2012 ended November 19, 2011 from $3.77 per share in the year-ago quarter. The result, reported Tuesday, beat the Zacks Consensus Estimate of $4.45 per share. In absolute terms, profit increased 11% to $191.1 million from $172.1 million a year ago.
The increase in profit was driven by a 7.4% rise in net sales to $1.92 billion, which surpassed the Zacks Consensus Estimate of $1.90 billion. Domestic same-store sales (for stores open at least one year), increased 4.6% during the quarter compared with 9.5% a year ago.
These picks in oil, autos and finance offer something important for beginners.
Are you a novice investor wondering which stocks to buy first? Or perhaps you're just looking to put your money to work? Either way, these three stocks are perfect choices for beginners.
Cenovus Energy (CVE) has dipped in recent weeks before bouncing higher alongside the market's surge. Oil prices have firmed up, but even so, CVE isn't a story about near-term earnings. Investing in CVE means investing in long-term growth from Canada's Alberta oil sands as world oil supplies continue to tighten. Production from oil sands increased 14% last quarter and now equals conventional oil production. At a time when many oil companies are expected to have trouble replacing reserves, CVE is set up for double-digit production growth over the next 10 years.
Genpact has been winging higher and has bested the superconglomerate's stock.
Several analysts believe Genpact is just starting to build up and is on its way to greater heights. "Genpact is attractively priced relative to the company’s future growth prospects," says Joseph D. Foresi, analyst at Janney Capital Markets, who rates the stock a buy.
International Paper has turned itself into the most important container board company in the world -- just as e-commerce has exploded.
Over the last five years, International Paper (IP) has turned itself into the most important container board company in the world. It did so in the nick of time because e-commerce is about shipping things that would normally be thrown into a bag at the store. Now those same products are more than likely to end up in a linerboard package that would very likely be made by IP, at least once the Temple Inland (TIN) deal closes.
Despite economic worries, the high-end retailer continues to outperform Wall Street expectations.
Shares of luxury jewelry retailer Tiffany & Co. (TIF) have endured a roller coaster ride this year, reaching an all-time high in July only to plummet in late summer amid fears about the health of the global economy.
But the growth scare hasn’t curbed customers’ appetite for the finer things in life; Tiffany has outperformed Wall Street’s expectations for six consecutive quarters.
Les Moonves recently offered a surprisingly upbeat assessment of advertising sales.
Speaking at a conference hosted by UBS, the head of America's most-watched TV network offered a surprisingly upbeat assessment of advertising sales. "Network television's doing better than it's done in many years," he said.
He added that CBS ad prices in the scatter market -- which sells advertising spots closer to a program's air date -- were up "in the mid-teens" from prices seen in the springtime upfront market. He also said that CBS' competitors "are doing not as well."
A warning sign has emerged for one of 2011's top-performing sectors, calling into question which sectors will outperform in 2012.
By Tom Aspray, MoneyShow.com
The S&P 500 closed Monday at 1257.09, just a fraction below 1257.64, which was where it closed on December 31, 2010. Clearly, a buy-and-hold strategy on the S&P 500 has not worked well this year, but performance is always relative.
Those who bought and held the Select Sector SPDR - Financial (XLF) are feeling much worse, as it is currently down 17.4% for the year. Looking at the quarterly performance of the nine major Select Sector SPDR ETFs, you get even a better feeling for how difficult the past year has been.
China's biggest online travel agency has 13,000 employees, and has seen margins fall as wages increase.
Microsoft details its Xbox 360 Live TV offering, which includes Bing-powered voice control.
Apple (AAPL) is coming out with a TV. Sony (SNE) is trying to beat Cupertino to the punch. Google (GOOG) is preparing for a living-room war. Enter Microsoft (MSFT). (Microsoft owns and publishes Top Stocks, an MSN Money site.)
The Redmond giant quietly set the stage a few months ago by bringing a gaggle of Verizon FiOS channels to the Xbox 360 alongside content partners such as Comcast and Time Warner. Microsoft has now gone official with its plans with a press release ambitiously titled "The Future of TV Begins Now on Xbox 360."
What do you get from owning a share in the team? Maybe the bigger issue is what you don't get.
About 1,600 online orders came in the first 11 minutes, slowing down the website and frustrating some buyers, the team said. It was the team's first stock sale in 14 years and the fifth in its history.
But there isn't much here that resembles stock. In fact, the team even admits that its common stock "does not constitute an investment in 'stock' in the common sense of the term."
The bank has much less exposure to the eurozone than some of its major peers.
No doubt the global economic slowdown, aggravated by the escalating debt situation in Europe, has considerably impaired the financial institution's outlook for this year and next. But the current share prices hardly do justice to the value of the bank, which holds the distinction of being the largest custodian bank in the world.
BNY Mellon has much less exposure to the eurozone compared to other major banks -- particularly investment banks such as Morgan Stanley (MS).
A drop in business at the Italian-style dining chain is expected to slow profit and sales growth in fiscal 2012.
Updated: 5:41 p.m. ET
Shares of Darden Restaurants (DRI) plunged 12.4% Tuesday after the company cut its earnings outlook, having failed to ignite consumer interest in its struggling Olive Garden chain.
Darden, the world's largest full-service restaurant company, expects earnings per share growth from continuing operations of 4% to 7% for fiscal 2012, down from an earlier forecast of 12% to 15%. Sales are now expected to rise 6% to 7%, below a previous estimate of 6.5% to 7.5%. The Orlando, Fla. company blamed its problems on the dismal performance at the 750 Olive Garden locations.
The equipment maker is bullish about prospects in China in particular, where it's expanding production capacity.
Management says it will continue to expand production levels next year, when it expects sales and revenue to grow by 20%. Caterpillar is very bullish about the growth prospects in China in particular, where it's expanding production capacity. It mainly competes with Deere and Co. (DE), Komatsu, Terex (TEX) and Cummins (CMI).
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Fed keeps important 'considerable time' language in reference to short-term interest rates, but dissents and dots leave doubts.
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
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[BRIEFING.COM] The major averages ended the midweek session with slim gains after showing some intraday volatility in reaction to the release of the latest policy directive from the Federal Open Market Committee. The S&P 500 added 0.1%, while the relative strength among small caps sent the Russell 2000 higher by 0.3%.
Equities spent the first half of the session near their flat lines as participants stuck to the sidelines ahead of the FOMC statement, which conveyed no changes to the ... More
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