The Federal Reserve and Congressional politics threaten to rain on the market party.
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The coffee behemoth has a record holiday quarter, but investors are wary of narrowing margins and a disappointing forecast.
The coffee giant reported a $382.1 million profit, or 50 cents a share, for the fourth quarter, a 10% rise from a year earlier. Revenue rose 16% to a record $3.44 billion. Analysts expected a profit of 49 cents a share on revenue of $3.29 billion.
The food company may be trying to divert investors' attention ahead of earnings.
The Purchase, N.Y., beverage giant announced Thursday that three of its brands -- Diet Mountain Dew, Brisk and Starbucks bottled beverages -- have each surpassed $1 billion in annual retail sales. There is less to this claim than meets the eye.
The stock flies high above the otherwise stagnant Brazilian steel industry. So is it time to buy?
With superior asset quality and conservative loan policies, this bank is the top play on Brazil's economic growth.
One of Brazil's most favorable characteristics is a strong banking system, a sector that should benefit as investment flows return to the country.
Banco Bradesco (BBD) is our favorite bank to gain exposure to this sector. Banco Bradesco is Brazil's second-largest private bank, with over 40 million customers and more than 4,000 braches.
Strong growth in 2012 will be driven by its infrastructure businesses and a good backlog of orders.
Revenue growth was lower than we expected partly because of project delays, which have helped GE build an exceptional order backlog.
The cable operator's investments in broadband networks have certainly paid off.
To offset these losses, the cable companies have resorted to investment in their broadband networks to improve speeds and increase their high-margin broadband subscriber base.
The company appears to be stabilizing its subscriber levels, but it has a lot to prove before it becomes the market darling it once was.
Instead, Netflix just wants to be an online premium network. Think HBO on the Web. It wants to offer big original shows that you can't find anywhere else, plus a ton of less significant programming that doesn't cost too much.
The long-heralded shift to a cashless society is happening faster than even companies like PayPal predicted.
The smartphone revolution -- just look at the gargantuan surge in the number of iPhones that Apple sold in the fourth quarter -- is finally starting to deliver on an old promise: Increasingly, those phones are doubling as our wallets.
PayPal, which is beginning to roll out in-store e-payment systems, starting with Home Depot (HD), will be one of those companies relying on smartphones as part of the new payment systems.
Materials stocks are outperforming the broad market, and the primary sector ETF is showing technical strength.
The announcement from the Federal Open Market Committee that interest rates will remain low until 2014 appears to have ended the market's very brief corrective phase. The advance/decline lines moved sharply higher Wednesday, with more than 2,300 stocks advancing and just over 700 declining.
Some of the previously lagging sectors are now showing signs of life. As further evidence that the economy is indeed getting stronger, new sectors are likely to become leaders (see also: Sector Selection Is the Key for 2012).
An increasingly aggressive, reckless Fed is gutting the greenback. Investors should play along.
The Federal Reserve on Wednesday, as expected, extended the period that it anticipates holding short-term interest rates near zero to late 2014. It also, as expected, held off on another round of money printing, known as quantitative easing, for now. But the Fed chairman teased additional action later this year -- something I warned of in my column this week.
Yet the real story, one that had Wall Street traders jumping in response, was the establishment of a long-term inflation target for the Fed -- 2% on personal consumption expenditures. But despite the Fed calling inflation "subdued" as it justified holding rates lower for longer, its new target is already being exceeded.
So it's like this: The Fed is now loudly advertising the fact that it is willing to push more monetary easing into the economy even as consumer price inflation runs at 3%. This is blatant dollar debasement. And it's only going to encourage the kind of mal-investment and speculative excess that brought about the housing bubble in the first place.
The good news is that it's creating an opportunity for profits in precious metals again as the dollar tumbles.
Morgan Stanley and Goldman Sachs get knocked just as business shows signs of picking up.
By Jim Cramer
Why are analysts so, so quick to downgrade? We caught a downgrade of Morgan Stanley (MS) and Goldman Sachs (GS) on Wednesday, for example, and I thought it was totally fatuous. These stocks had been dogs in 2011, but business could be picking up right now, with the stock markets worldwide doing better and all of the banks in Europe restructuring.
We got a hostile bid Wednesday: Roche's bid for Illumina (ILMN). We have an IPO calendar that could get hot. We have tables of employment that are now rationalized, and we have lower expense structures. This is when you should be looking to buy them, not sell them.
Why is Southwest the only carrier that's soaring?
Question: Why on earth would you want to buy an airline stock? Answer: You wouldn't. Except for one.
That's because airlines have an awful business model. If oil prices go up, the cost of flying the jets goes up even more, requiring carriers to hedge, which distracts them from what they should be doing: transportation.
E-Trade is downgraded to 'neutral' at Goldman.
- Netflix (NFLX) upgraded to Buy from Neutral at Citigroup, and to Hold from Sell at Gabelli
- Life Technologies (LIFE) upgraded to Outperform from Market Perform at Leerink
- Textron (TXT) upgraded to Buy from Hold at EarlyBirdCapital
- Equity Residential (EQR) upgraded to Overweight from Equal Weight at Barclays
- Consolidated Edison (ED) upgraded to Hold from Underperform at Jefferies
- Illinois Tool Works (ITW) upgraded to Buy from Underperform at BofA/Merrill
The company's diverse portfolio and strategic deals in emerging markets are advantageous for the company.
We believe the company is in a transitional phase, which makes the market undervalue the stock. PepsiCo competes with leading food & beverage companies around the world including Kraft Food (KFT), Coca Cola Co (KO) and Dr Pepper Snapple (DPS).
We are encouraged by Grainger's successful market share strategy and retain our 'outperform' recommendation.
By: Zacks Equity Research
W.W. Grainger Inc. (GWW) reported Wednesday earnings of $2.13 per share for the fourth quarter 2011, exceeding the Zacks Consensus Estimate by 2 cents. The result was 19% above the year-ago earnings of $1.79. The improvement stemmed largely from strong sales across all segments.
Quarterly EPS excluded a 16 cent per share charge related to U.S. branch closures and a gain on the sale of Grainger's 49% ownership in MRO Korea. Including these items, EPS in the quarter was $2.04. The prior-year EPS excluded a gain of 4 cents per share pertaining to a change in paid time off policy. Including this, EPS was $1.83 in the year-earlier period.
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Shares fell 9 percent during the quarter, which offers a compelling entry price now.
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[BRIEFING.COM] You have a choice: you could watch the stock market today or you could watch paint dry. It's tough to determine which would be more exciting. We'll give the nod still to watching the stock market, because that's what we love to do, yet anyone would be excused if they opted for other pursuits on this hump day.
The main point of interest today has arguably been the sovereign bond markets in the euro area. Yields there continue to come down, pushing ... More
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