Apple is a market darling again
Apple is a market darling again

The company, which reports its quarterly earnings Tuesday, has once again become an investor favorite.

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ETFs that invest in telecom, banks and agriculture will be in the spotlight as investors nervously monitor this week's market action.

By TheStreet Staff Sep 6, 2011 12:57PM

By Don Dion, TheStreetTheStreet

 

Here are five ETFs to watch this week.

 

1. iShares Dow Jones U.S. Telecommunications Sector Index Fund (IYZ)

 

The telecommunications industry was in the spotlight last week following reports that the Justice Department was suing to block AT&T's (T) proposed multibillion dollar plan to acquire T-Mobile because it would impede competition and hurt consumers.

 

If you're looking to sell shares of large banks after Friday's FHFA lawsuits, it's probably too late. Instead, consider the many solid banks that don't have mortgage targets on their backs.

By TheStreet Staff Sep 6, 2011 12:33PM

By Philip Van Doorn, TheStreetTheStreet

 

If you're thinking of dumping large bank stocks Tuesday in reaction to last week's FHFA lawsuit bombshell, you might want to reconsider.

 

Instead, take a deep breath and mull some other bank stock opportunities, because the automated traders and other market pros will clean your clock if you try to trade based on the lawsuit headlines.

 

It's perfectly understandable for bank stock investors to panic over the long holiday weekend. After all, it was a week of maximum pain for Bank of America (BAC), with the Federal Deposit Insurance Corp., a subsidiary of U.S. Bancorp (USB) and Goldman Sachs (GS) joining the throng of parties objecting to BofA's previous $8.5 billion settlement of Countrywide mortgage putback claims.

 

Sell this cosmetic and fragrence retailer before it releases earnings Thursday

By Jamie Dlugosch Sep 6, 2011 12:14PM

There is a tremendous amount of noise in the market that can influence stock price.

Ultimately, the value of a stock is based on the present value of future profits.

 

When a company reports earnings results, market participants receive a key piece of information that can be used to determine the price of a stock. For a brief moment in time after a company releases its operating performance, the market will adjust pricing based on how the numbers match up against current expectations.

 

In many cases stocks of companies reporting results will move significantly higher or lower.

 

Understanding how investors use earnings against Wall Street estimates creates a profitable trading opportunity. Using a few key variables combined with understanding how the market will react to new information can guide you how to trade a stock in advance of the news being reported.

 

Use the Earnings Predictor to help you identify winning trades. On Thursday Ulta Salon (ULTA) reports earnings for the quarter ending July 31, 2011.

 

These Dow stocks are part of a very select group to have gained this year, and all show bullish chart patterns and would be good buys on a further market correction.

By MoneyShow.com Sep 6, 2011 11:07AM
By Tom Aspray, MoneyShow.com

Friday’s sharply lower close likely sets the stage for more selling this week. 

For the year, the Dow Transportation Average and the small-capitalization stocks have been hit the hardest, as both are down close to 13% for the year. Of course, the NYSE Financial Index is even worse, having declined almost 18% this year.

According to The Wall Street Journal, anyone who invested $1000 in each of the Dow’s 30 stocks and reinvested the dividends would have lost 5.7%. 

Still, there are nine stocks in the Dow Industrials that are up for the year (including re-invested dividends).
 

The upcoming iPhone 5 launch will be the first major product release since Steve Jobs resigned, a crucial moment for the company’s new CEO Tim Cook.

By TheStreet Staff Sep 6, 2011 10:45AM

the streetBy James Rogers, TheStreet

 

These are momentous times at Apple (AAPL). Just a couple of weeks after Steve Jobs stepped down, new CEO Tim Cook gets to launch a major product: the iPhone 5.

 

What can investors expect from the new iPhone launch, rumored to be imminent? Initial speculation tagged Sep. 7 as a potential launch date, although this now seems unlikely. Apple, however, typically debuts a major product in the late summer/early fall.

 

With Apple under increasing pressure from a deluge of Google (GOOG) Android devices, the stakes are high for the new iPhone, said Sandeep Aggarwal, an analyst at research firm Digital Route.

 

"Given that Android has become a much stronger competitor since the last iPhone release, Apple must show some killer features/apps to make a bigger dent in the Android ecosystem," he told TheStreet.

 

Several casino owners have upsides, but the value's not there

By InvestorPlace Sep 6, 2011 9:29AM

By Jonathan Berr, InvestorPlace Writer

   

When it comes to casino stocks, investors have not always had Lady Luck on their side — even in the red-hot gaming market of Macau.

 

Shares of Wynn Resorts (WYNN) have soared more than 46% this year because its operations in Macau are growing like gangbusters. The Macau magic, however, has not rubbed off on Las Vegas Sands (LVS), which has barely budged this year amid investors’ concerns about lawsuits alleging illegal activities in Macau, which the firm has denied. MGM Resorts (MGM), which recently took control of its Macau joint venture, has been hurt by concerns about its lackluster earnings. Its shares have slumped nearly 30%.

 

None of these stocks are a compelling value even though Macau gaming revenue was a record $3.1 billion in August, an increase of 57% year-over-year.

 

No one is disputing that things are bad across the pond, but the desire to take down everything here because of our link to Europe is overblown.

By Jim Cramer Sep 6, 2011 9:27AM

jim cramerthe streetWhen Europe catches cold, we die of pneumonia? That's how it looked Monday when we had the oft-quoted "Germany down 5%" conversations with people in the business.

 

I mean, if they are down 5, don't we have to be down at least 5? Aren't we that dependent on Europe? Wasn't that down 2%-3% Friday off the jobs report just the foreplay for European madness?

 

That's what all the macros think. They just relate one to another as if we are all related. But are we? Did you see what was still up big last week despite this link with Europe? Stocks like Kimberly-Clark (KMB) and Procter & Gamble (PG) and McDonald's (MCD)? Bristol-Myers (BMY)? Anything with a nice yield?

 

Doesn't matter.

 

But the big wins this year are what I am now calling "edge wins," companies on the edge of the decline that don't deserve to be in the decline at all -- and wouldn't be if there were no such thing as futures. Don't laugh. They didn't exist in the early 1980s when I was trading pretty aggressively, unless you think the Value Line futures are part of a vast conspiracy to take all stocks down or up off of "each other."

 

Even if you miss a major bottom in a stock or market, you can still buy in and enjoy most of the uptrend.

By MoneyShow.com Sep 5, 2011 12:50PM
By Tom Aspray, MoneyShow.com

One of my favorite chart patterns is the flag formation. These flags or triangles are most often a continuation pattern, which is an interruption in the dominant trend.

Often, one might miss a stock or ETF that is completing a major bottom or major top. If you understand and are able to identify continuation patterns, you will often be able to find a better risk/reward entry point and catch more of the major trend.

When the flag is formed as an interruption in a major uptrend, it is often referred to as a "bull flag." The formation of a flag formation during a downtrend is therefore known as a "bear flag." Let's look at some past and current examples.
 

This is going to be a long weekend as we wait for the markets to reopen, but there are some bright spots.

By MoneyShow.com Sep 2, 2011 10:31PM

By Tom Aspray, MoneyShow.com


Last week, the hopes that the economy was not really that bad were supported by some of the economic data (such as auto sales) turning out better than expected.


The tone changed Thursday, as stocks opened weak, then rebounded sharply as the ISM Purchasing manager’s report came in stronger than expected.


The rebound was short-lived. New concerns over Bank or America (BAC) and Goldman Sachs (GS) helped stocks to reverse to the downside. The very weak close suggested that the rebound from the August lows was likely over.


Then the dismal monthly jobs report hit stocks hard Friday, as stocks opened sharply lower and the major averages closed near the lows.


The rally was classic in technical terms, as the Spyder Trust (SPY) came very close to retracing 50% of the decline from the July highs. Most of the major averages traced out flag formations, which are normally seen as interruptions in the downward weekly trend. I will share some more specifics below.

The key question is whether the support zones derived from the recent rally will hold. If they do, we could see the formation of a short-term double bottom that would set the stage for a better rally.

 

A federal lawsuit filed Friday could kill chances of a comprehensive foreclosure fraud settlement.

By Jim J. Jubak Sep 2, 2011 5:55PM
Jim JubakBig U.S. banks led the U.S. stock market down Friday.

The driver here isn’t simply the prospect of slower economic growth represented by the lack of any job growth in August data released today -- although that certainly doesn’t help.

Bank stocks are reeling because the big U.S. mortgage lenders and mortgage packagers were anticipating a suit be filed by the Federal Housing Finance Agency, which represents Fannie Mae and Freddie Mac, seeking to force these financial companies to repurchase bad mortgages.

The agency did file a lawsuit late Friday, saying the banks sold bonds backed by mortgages that should not have been packaged into securities.
 

Forget pricey chairs. Nowadays, the hottest office item does away with the chair altogether.

By Kim Peterson Sep 2, 2011 4:59PM
Remember when pricey chairs like the Aeron were the must-have office items? Now, the chair itself is positively passé.

The latest status symbol for the office doesn't use a chair at all. It's the standing desk, and it's becoming a hot item in Silicon Valley. At Google (GOOG) and Facebook, workers have replaced the traditional setup with higher desks that you can use while standing or perched on a stool, The Wall Street Journal reports.

Even better? The treadmill desk. Facebook has set up some treadmill stations where people can walk while working on the computer. 

The Earnings Predictor likes the prospects of Manny, Moe & Jack

By Jamie Dlugosch Sep 2, 2011 3:54PM

There is a tremendous amount of noise in the market that can influence stock price. Ultimately, the value of a stock is based on the present value of future profits.

 

When a company reports earnings results, market participants receive a key piece of information that can be used to determine the price of a stock. For a brief moment in time after a company releases its operating performance, the market will adjust pricing based on how the numbers match up against current expectations.

In many cases stocks of companies reporting results will move significantly higher or lower.

 

Understanding how investors use earnings against Wall Street estimates creates a profitable trading opportunity. Using a few key variables combined with understanding how the market will react to new information can guide you how to trade a stock in advance of the news being reported.

 

Use the Earnings Predictor to help you identify winning trades. On Tuesday Pep Boys (PBY) reports earnings for the quarter ending July 31, 2011.

 

The holiday was created in honor of the American worker. But this year, there isn't much to celebrate.

By Kim Peterson Sep 2, 2011 3:30PM
Oh, the irony of celebrating Labor Day when unemployment is stuck at 9.1% and the country couldn't create any new jobs in August. Renaming it "Can't Get Labor Day" might be more appropriate this year.

Does anyone even remember why Labor Day exists? It dates back to 1894, when President Grover Cleveland made nice with the labor movement after unions clashed with railroads in the Pullman Strike.

Workers went on strike to protest low pay and 16-hour workdays, refusing to continue production and throwing the nation's railways into chaos. A military crackdown led to 13 worker deaths. Congress created Labor Day as an olive branch of sorts for union workers. 

Why big money is wrong about European banks.

By Motley Fool Pick of the Day Sep 2, 2011 2:48PM

By Tim Hanson

 

You should know by now that European banks are on shaky ground. Because of their ownership of troubled European sovereign debt -- bonds they are reportedly marking to model rather than market (i.e., they're making up what they think they're worth) -- they are going to need truckloads of new capital as sovereign defaults by the likes of Greece, Spain, Italy, or Portugal start flowing through the system.

 

And the sector's recent stock market performance reflects this massive risk. Over the past year, the Bank of Ireland (IRE) is down almost 90%, National Bank of Greece (NBG) is down more than 60%, and Spain's BBVA (BBVA) and Banco Santander (STD) are down more than 25%.

 

Thus, I found it curious that all of those bank stocks were up sharply, with NBG up more than 30%, on the news that Greece's second- and third-largest banks, Alpha Bank and Eurobank, planned to merge and get new capital from the Qatar Investment Authority, that Middle East state's sovereign wealth

 

A dismal employment report highlights the obvious: Without more help, a new recession looms.

By Anthony Mirhaydari Sep 2, 2011 2:04PM

It was inevitable. After all the gut checks and body blows we've seen this year -- energy price spikes, natural disasters, political brinkmanship -- it was only a matter of time before the job market would be hit. And that's exactly what happened Friday.

 

The government reported nonfarm payrolls were unchanged in August -- the first time that's happened since the 1940s. Yes, there were some nuances to the report. The private sector added 17,000. And the Verizon strike, which is now over, depressed the result. And the household survey held up OK.

 

But the haunting takeaway is that the economy, which has been chugging along at "stall speed" all year, is beginning to nosedive. Unless, as I've argued in my last two columns, the U.S. Treasury and the Federal Reserve dish out another dose of stimulus. Here's why.

 

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[BRIEFING.COM] Just like the geopolitical environment, things could have been better today for the stock market and they could have been worse.  They were worse in the early going as the major indices backpedaled quickly at the start of trading.  The ostensible catalysts for the opening retreat were geopolitical concerns over Israel's ground assault in Gaza and the troublesome diplomatic dealings in the wake of Malaysian Air flight MH17 being shot down over eastern Ukraine last ... More


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