Once you get past the hype, there's little chance for long-term gain with this stock.
VIDEO ON MSN MONEY
A long-short approach has beaten the market in recent weeks, and it continues this week.
The market drifted lower last week. With earnings season winding down, investors are left to speculate on the economy. Earnings reports that were released failed to inspire the market.
On Friday, two large clothing retailers, Aeropostale and Gap reported results that disappointed investors. Shares of both companies lost more than 14% of their value. That is a big loss irrespective of the results.
The big move down in those individual names tells us much about where the market may be heading. Certainly the number of bears emerging from the woodwork is on the upswing. In some ways, the contrarian play here is to be bullish as the market often moves opposite the consensus view.
Whatever the direction from here one thing is certain: predicting the exact direction is difficult at best. As such I’m staying conservative with my picks here. On the long side I would consider the SPDR Dow Jones Industrial Average (DIA).
Problems in Greece and Italy have sparked a chain reaction that is lifting health care but hammering large-cap companies with great earnings momentum.
"Leave us helpless, helpless, helpless." You have to think about that lyric from Neil Young from so many years ago, with this explosion of worry from Greece, Spain and now Italy -- as if we really thought it wouldn't get to Italy in the end.
The ineluctable chain reaction continues into the dollar and therefore oil. And therefore the stocks that need oil to be lower go down the hardest, in part because they have a lot of gains and in part because they are big in the S&P 500 ($INX).
Then, when cooler heads prevail, we see from a simple perusal of the charts that the money flows back into devices, biomedical stocks and of course anything having to do with health care. So a chain reaction having to do with a Greece default leads to further multiple expansions for Bard (BCR), Baxter (BAX) and Becton Dickinson (BDX).
It was another choppy week in the stock market...but the internals of the stock market did improve, suggesting that a resumption of the overall uptrend is likely before the end of the month.
A review of developing-market funds continues with a technical look at 2 country-specific offerings that are performing well but aren't heavily favored.
The company is pouring money into new investments, and investors don't mind as revenue soars. With video.
Updated at 5 p.m. ET
Salesforce.com (CRM) shares were on fire today after the company reported a first quarter that beat analyst expectations on sales and profit. Shares rose 8% to $146.61.
Don't look at the profit numbers as a reason for enthusiasm. Salesforce.com is spending like crazy, pushing profit down 97% to $530,000 for the quarter, which ended April 30. That's a huge drop from $17.7 million a year earlier. Adjusted operating margin dropped 5% to 11%. The company has made seven acquisitions in the past year and hired 1,400 new employees.
Instead, investors focused on the positives in the quarter. Billings were up 44%, a big hike from 36% just two quarters ago. And sales rose by 34% to $504 million -- higher than the $482.5 million analysts were expecting. Excluding some one-time items, profit was 28 cents a share, which beat expectations by a penny.
Post continues after this video of Jim Cramer interviewing Salesforce's chief executive:
The consumer-technology shop plans several broadsides against its rival.
By Anton Wahlman, TheStreet
Samsung on Thursday night hosted an event in Sunnyvale, Calif. -- in the heart of Silicon Valley -- with senior executives who had flown in from Korea and who laid out several of the technology broadsides the company intends to launch against Apple (AAPL) over the coming year.
Samsung entered into a more direct set of battles against Apple in 2010 (Galaxy S smartphone, Galaxy Tab), and that intensified greatly in 2011. The key areas include smartphones, tablets, laptops and even the courts, where Apple has accused Samsung of things such as "trade dress" -- i.e., making several parts of the consumer experience look just like Apple's iPhone and iPad in particular.
At Thursday night's event, Samsung's senior executives showed a bunch of slides pertaining to the technologies it intends to incorporate into its lineup over the next year to gain market share in the smartphone and tablet areas in particular. Let's go over them in turn:
IMF grapples with disgraced former boss. Research In Motion recalls its Playbook. Vikram Pandit seeks affirmation through Facebook.
Here is this week's roundup of the dumbest actions on Wall Street.
5. Dominique Strauss-Kahn: A story with no winners
To say that the actions of Dominique Strauss-Kahn, the disgraced former Managing Director of the International Monetary Fund now sitting in a Rikers Island cell, are dumb is a massive insult to the word "dumb."
Could Strauss-Kahn possibly have thought, if the charges against him hold true, that sexually assaulting a woman in a $3,000 hotel room reserved and paid for in his name, leaving a DNA trail, then calling Sofitel because he might have left his phone in the room were the actions of a smart man? Or a sane one?
Some investors are more equal than others.
By Dan Freed, TheStreet
In fact, the only way a retail investor could have gotten a piece of the LinkedIn IPO at its $45 offer price would be to be a hugely profitable client for a full-service brokerage firm.
In other words, if you are willing to throw away lots of money by having a full-service broker and paying huge commissions, the broker may "reward" you by throwing you a few shares of LinkedIn. It's a bit like getting a "complimentary" dessert after you've spent $200 per person on dinner.
The company raises big bucks in its first debt offering. But why is it panhandling?
By Rick Aristotle Munarriz
There are three stages of response to Google's (GOOG) decision to raise nearly $3 billion in debt this week.
The first stage is denial. Why is Google panhandling? The company has $36.7 billion in cash, equivalents and marketable securities. It can't be hard up for cash. Google is crazy!
The second stage is acceptance. Google's stock has lost its sizzle, trading 29% below its peak in 2007. A bond offering helps grease the palms of underwriters, ideally leading to favorable coverage. A secondary offering would do the same thing, but disgruntled shareholders would only bellyache about new shares being minted at price points well below all-time highs. Even now, Google is trading closer to its 52-week low than its 52-week high.
Wall Street seems to be turning bullish on emerging markets, but the chart action for one of the primary emerging-markets ETFs shows that there’s still cause for concern.
As important as we think we are, the eurozone, oil futures and China all have a bigger impact on stocks than the US does.
There's always a routine in this business, one that's dictated by events, what's important, what will determine the day.
It used to be pretty simple -- antediluvian, even. When I first moved to the suburbs, I would get out of bed, throw some clothes on and walk to the end of the driveway to get the The New York Times and The Wall Street Journal. I used to pay extra to be the first on the route, to get a jump on things. You didn't have to get in much earlier than 7 a.m. in those days, because the news wire didn't start until then.
Issues would come in and out of the first focus. Sometimes it would be taxes, sometimes terror, sometimes takeovers. But for the most part it would be company-by-company news, and if something was happening in the broader market, you examined it to figure out what you needed to sell or buy into the overall market moves.
Deere increased full-year guidance on a solid second-quarter report. So why is Wall Street disappointed?
Revamping women's clothing is the top priority for the retailer, which has watched North American sales slide.
Gap (GPS) is in a crisis, having tried unsuccessfully for years to turn business around. The company has booted its top designer and its president, and is desperate to get back on track by the holidays. Gap cut its full-year profit forecast this afternoon, and the stock has dropped nearly 13% in after-hours trading.
"I have a much higher sense of urgency," chief executive Glenn Murphy said in a rare interview. "This brand is just too damn important to not see that kind of effort being put forward," he told The Wall Street Journal.
The biggest priority for Gap is women's shirts. Gap can't get them right, and sales have been a mess for years, writes Elizabeth Homes. Sales at the Gap's 1,000 U.S. stores have fallen 32% since 2004. Now, Gap's North American stores contribute just a quarter of overall revenue, which isn't helping fund overseas expansion enough.
Post continues after this video about Gap's issues:
Rubber-stamping excessive executive compensation ruins things for the rest of us.
By Alyce Lomax
Last year, CEOs at the biggest American companies made better money than they did in 2007, despite the intervening economic havoc. Why did executives enjoy such a cushy payday? Because their biggest shareholders did nothing to stop it.
According to executive compensation research firm Equilar, the typical CEO made $9 million in 2010, a 24% increase over last year. In 2007, before the housing bubble burst and the financial crisis hit, the median pay for CEOs was $8.4 million. Although CEO pay did clock two years of declines, major CEOs have apparently quickly regained lost ground in pay levels.
Sadly, they seem to be among the few groups of individuals who have regained much at all in the last couple of years. While some of these CEOs undoubtedly deserve pay hikes for great performance, many don't.
We’ve been following three technically sound stocks whose strong overseas operations will also benefit if the US dollar stays weak. One is still a good buy, and a fourth stock has just emerged.
MORE ON MSN MONEY
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The retailer labels the character's fake memoir as nonfiction. This comes weeks after it categorized the the Bible as fiction.
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.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.
[BRIEFING.COM] The commodities space has been very choppy this morning following strong economic data. Payroll and Michigan Sentiment data topped expectations and the unemployment rate dropped to 7%.
Feb gold and Mar silver initially dropped to their respective session lows of $1210.10 and $19.17 in early morning pit trade but have since reversed into positive territory. Gold is now 0.1% higher at $1232.90, while silver is up 0.1% at $19.58.
Jan crude oil has see-sawed between ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|