Why stocks are in for a rough ride this week
Stocks in for a rough ride this week

Longtime market bull Jeremy Siegel says investors could realize the market is behind the curve on interest rates.

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The loss of Apple's co-founder at age 56 is deeply felt around the world.

By Kim Peterson Oct 6, 2011 12:38PM
Steve Jobs talked of making a "dent in the universe." He might have looked at the world Thursday and called the mission accomplished.

Apple (AAPL) fans mourned Jobs' death in an outpouring of grief unprecedented for a corporate executive. People who had never met the man choked up and placed flowers and handwritten messages at Apple stores. Others created makeshift memorials at Apple's Northern California headquarters.

In Tokyo, fans painted messages for Jobs on red apples. At a Hong Kong vigil, people displayed a flickering candle app on their iPhones. In China, Apple users posted millions of messages on microblogging sites. 

Upstarts look to swat Facebook from its lofty perch, but the social network may be its own worst enemy.

By TheStreet Staff Oct 6, 2011 12:34PM

By Joe Mont, TheStreetTheStreet

 

It must feel pretty good to be Facebook. It has some 700 million users worldwide, out-clicks the rest of the Web, including Google (GOOG) -- Google -- and buzz has even started about using Facebook as a search engine.

 

But there remain skeptics. Some might point to MySpace, since in 2007 an estimated one in five Americans used the site, or even to Friendster, once 100 million-strong and now with about 1.5 million users since rebranding as a gaming site (and expunging all older user profiles and content along the way).

 

What did in Friendster, aside from some internal politics, was failing to listen to user feedback, and to some that sounds like Facebook now.

 

Total assets in exchange-traded funds and notes fell below $1 trillion for the first time since January.

By TheStreet Staff Oct 6, 2011 11:38AM

By Don Dion, TheStreetTheStreet

 

Shaky market action weighed on exchange-traded products over the past month.

 

According to the flow data compiled by the National Stock Exchange, total ETF/ETN assets dipped by $90 billion in September, closing out the month at $972 billion. This is the first time assets have broken below the $1 trillion mark since January. September's assets marked a decline of more than $160 billion since April's peak.

 

Despite the overall decline in assets, the total universe of exchange-traded funds and notes continues to expand. Over the past month, 34 new products were added, bringing the total number of ETFs and ETNs to 1,335.

 

These drug stocks show good relative strength, a global presence, and pay sizable dividends, a highly productive recipe.

By MoneyShow.com Oct 6, 2011 10:27AM

By Tom Aspray, MoneyShow.com


The big drug companies have shown some of the best relative performance, or RS analysis, since the August lows. Equally important is that most surged with the market this week as they continued to act better than most stocks.


Of the four stocks that I have selected, all have very attractive yields that from their financials appear to be quite safe. 


Another important factor, in my opinion, is a robust presence in some of the overseas markets which have the best demographics, like the BRIC countries (Brazil, Russia, India, and China). Once the emerging economies start to expand again, these drug companies should be well positioned to profit.

 

Hoarding cash isn't any safer.

By InvestorPlace Oct 6, 2011 10:05AM
By Jeff Reeves, InvestorPlace.com

You might think it’s a stupid idea to buy stocks right now. And I’ll admit, things are a bit bleak. Seasonal hiring is disappointing, and unemployment remains stubbornly high. Inflation is eroding family budgets, while wages and personal income are stagnant. Debt woes in Europe are in focus, but the "supercommittee" ensures that debt problems in America will be the subject of ridicule sometime soon.


It’s indeed ugly on Wall Street. September saw us shed about 4% from all of the major indexes, and if we hadn’t seen some big up days last week, we could have languished at lows that were off about 6% on the month. And who knows what October will bring after a flop earlier this week and a rally off the lows in the past two days.


But the risk you should be focusing on right now isn’t the risk of owning stocks. No, the real risk could be what will happen if you are not invested in the market.


Here are three reasons you should stop fretting and start investing now, with opportunities to prove the point to consider:

 

The uniquely American Apple visionary transcended even our greatest industrialists, from Ford to Rockefeller, making the impossible simple.

By Jim Cramer Oct 6, 2011 8:53AM

the streetWho was Steve Jobs? Was he our Henry Ford? Let’s see, Ford did create a car for the masses, he made it possible for every American to afford a vehicle, which democratized transportation.

 

Was he our Sam Walton? Perhaps. Walton created a national chain of stores that democratized what it took to get a job in this country. Walton offered affordable clothing for men and women and children. The impact? You could look for a job and no one could judge you, because you looked like all of those who had made it.

 

Fewer golden parachutes and more vision are needed for corporate America to make a comeback.

By InvestorPlace Oct 5, 2011 10:22PM

By Jeff Reeves, InvestorPlace.com


By now you've surely heard that Steve Jobs, the visionary behind Apple (AAPL), has passed away.


There will be a million legacy stories written about the passing of Apple's front man, but the one I hope gets the most attention by investors is the story of Steve Jobs the CEO -- a true leader at a time when many people in corner offices are frankly not worthy of the post.


We need more leadership in corporate America right now and fewer golden parachutes.

 

Investors may be able to put the fear on hold and actually see what earnings season has to say.

By Jim J. Jubak Oct 5, 2011 6:08PM
Wednesday, the U.S. stock market paid attention to sectors. Technology was up. Financials were down.

I think that’s good news for investors are we head into earnings season, with Alcoa (AA) kicking off third-quarter reports after the close next Tuesday.

The Technology Select Sector SPDR (XLK) closed Wednesday up 2.1%. That performance
is a major reason that the technology-heavy NASDAQ Composite ($COMPX), which closed up 2.3%, outperformed the S&P 500 ($INX) and the Dow Jones Industrials ($INDU) Wednesday.
 
Tags: EMCFFIV

As long as pension funds are continually allocating ever more money into commodities, they will drive the price up. It's a self-fulfilling prophecy.

By Benzinga Oct 5, 2011 4:22PM
By John Thorpe, Benzinga Staff Writer

If there were ever an official league for screw-ups, Wall Street and Congress would earn perfect attendance awards nearly every year. It seems like everything they do to "fix" some flaw in the system only serves to create two new problems down the road. (Guess who pays the bill each and every time?)


This cycle of inept intervention is described in greater detail by Dr. Randy Wray, a respected economist at the University of Missouri, Kansas City, as he describes the across-the-board increase in commodity prices in recent years.

 
Tags: Benzinga

Denmark recently became the first country to implement a tax on saturated fats, and other countries are likely to follow.

By Kim Peterson Oct 5, 2011 3:56PM
Eating fatty foods just got a little pricier in Denmark.

The country is the first to slap a tax on saturated fats. Now, residents will pay about 12 cents more for a bag of chips, 39 cents more for a small package of butter and 40 cents more for a hamburger, one Danish group calculated. Hungary also recently implemented a tax on soft drinks, pastries and salty snacks.

The movement could spread to other countries; Finland and Romania could soon follow suit. Governments around the world are desperate for cash, and the tax is one way to raise more money while appearing to take a stand on public health. 
Tags: MCDPEP

General Motors, like Ford, sees opportunities to expand its reach through the emergent car-sharing business.

By TheStreet Staff Oct 5, 2011 3:15PM

By Ted Reed, TheStreetTheStreet

 

General Motors (GM) has moved to enter the little known peer-to-peer car-sharing business, announcing a partnership with startup company RelayRides.

 

RelayRides allows vehicle owners to rent those vehicles to others, with the San Francisco-based firm providing a marketplace and insurance. General Motors Ventures LLC is in "advanced discussions" with RelayRides about an investment in the company, GM said.

 

The planned partnership would link GM's OnStar system to RelayRides, enabling the owners to rent out their cars using OnStar. The service would be available in a mobile application that would allow potential customers to check for vehicles and make reservations with their smart phones. The relationship will launch early in 2012.

 

Why superb products aren't translating into booming sales.

By Motley Fool Pick of the Day Oct 5, 2011 2:28PM

By John Rosevear

 

The market may not be loving their stocks, but buyers appear to be loving their vehicles: Despite grim economic predictions, all three of the Detroit automakers posted solid sales gains in September, with the market's overall pace the strongest seen since April.

 

Chrysler led the way with a 27% year-over-year sales gain, thanks to a surprisingly well-refreshed product lineup that is starting to gather momentum in the market. But the real story, at least from a Detroit perspective, is this: General Motors (GM) posted big gains, while supposedly stronger Ford (F) barely kept pace with the market.

 

What's behind that?

 

Tuesday's big reversal creates patterns pointing to higher stock prices.

By Anthony Mirhaydari Oct 5, 2011 1:29PM

Stocks surged into the close Tuesday after a day of heavy volatility on late-breaking news that European officials -- even the intransigent Germans -- are considering a "concerted, coordinated effort" with a "sense of urgency" to prevent the eurozone debt problems from turning into a full-fledged banking crisis by recapitalizing Europe's financial system.

 

That unleashed a frenzy of buying as overleveraged and overconfident short sellers were forced to close their positions quickly. With U.S. large caps dropping into bear market territory in intraday trading, the last thing most people expected was a rally in the last hour of trading.

 

The warehouse retailer faces rising costs, and a 10% fee increase will help counter those expenses.

By Kim Peterson Oct 5, 2011 1:26PM
Will Costco (COST) shoppers accept a hike in membership fees? The company hasn't raised its main membership fees since 2006 but said Wednesday it will implement a 10% increase.

The reason? Costs are going up, and even though sales are doing just fine, margins are headed down. To offset some of those costs, Costco will increase individual membership fees by $5 to $55 and executive fees by $10 to $110.

The announcement comes amid disappointing quarterly results. The retailer reported $1.08 per share in profit on $28.18 billion in revenue. Analysts were looking for $1.10 per share on $27.84 billion in revenue. So even though Costco came in higher on sales -- same-store sales rose 12% when analysts expected 10% -- the narrow profit miss got most of the attention. 

When Ackman, Buffett, Peltz and Jefferies all agree, you should listen.

By Benzinga Oct 5, 2011 1:18PM

By Jonathan Chen, Benzinga


What a difference a few days makes.

 

Family Dollar (FDO) reported better-than-expected earnings on Sept. 28, raising its guidance and announcing it would be buying back an additional $250 million worth of stock. But the shares slumped along with the rest of the market. Then, on Wednesday, the stock got a boost from an analyst upgrade. As of midday, it was up $1.50, or about 3% to $53.

 

It's time for the rest of Wall Street  to sit up and take notice of the improving story here.

 

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  • Precious metals fell in electronic trade yesterday following the FOMC statement which conveyed no changes to the Fed's current policy course. As expected, the FOMC reduced the monthly pace of tis asset purchases by $10 bln to $15 bln and maintained the "considerable time" language in its forward guidance. 
  • Dec gold continued to trade lower and fell as low as $1216.30 per ounce in overnight trade, its lowest level since January. It managed to inch slightly ... More


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