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Demand for the two metals is growing while mining supply declines.
The dust has settled at Stillwater Mining (SWC) with the election of four new board members backed by the Clinton Group -- an activist investor that wants the company to focus on the profitability of its U.S. platinum and palladium mines, and cut back or end plans to expand into copper mining after a 2011 acquisition of copper reserves in Argentina.
That removes a major distraction hanging over the company’ stock and should leave the shares free to reflect Stillwater’s unique position as the only U.S. producer of platinum and palladium -- at a time when mines in South Africa are cutting production due to strikes. (Stillwater Mining is a member of my Jubak’s Picks portfolio.)
Palladium and platinum are two of the very few commodities that remain in a supply deficit in 2013 and that are likely, Barclays projects, to remain in deficit in 2014. Because of strikes in South Africa, global platinum production fell 10% in 2013 and palladium production fell 11%.
Investors don't have to settle for low returns -- if they're willing to do a little homework.
Stocks are higher as the Dow looks to extend its streak of consecutive Tuesday advances -- it hasn't finished lower on a Tuesday since January 8.
Goldman Sachs sees an improving economy, growing dividend rates and low interest rates boosting stocks over the next 2 years. Meanwhile, the 2013 rally continues.
The Wall Street giant sees the Standard & Poor's 500 Index ($INX) rising to 1,750 by year-end, a 5% gain. In 2014, their forecast is for an additional 9% gain to 1,900, with 2015 producing a 10% gain to 2,100.
That works out to a 26% increase in the widely watched index from Monday's close. As important, Goldman Sachs sees dividends growing 11% in 2013 and 2014 and 9% in 2015.
Stocks were higher on Tuesday and appear to be headed for their 19th straight gain, the longest streak since 1968.
The struggling electronics retailer is looking like a bad buy to some investors.
New sources of supply in the US and overseas will inevitably take a toll on the market.
By Dana Blankenhorn
The present recovery is fueled by, well, fuel.
Fracking has uncovered huge pools of oil in Texas, Ohio and North Dakota, creating an economic boom in those places that has trickled down to the rest of the country.
A Texan may have no more incentive than an Arab to give you a better price on his oil, but he does spread the wealth around, as I saw on a recent trip to Kingsville for my daughter's graduation (TheStreet).
But every oil boom carries within it the seeds of its own destruction.
I have seen this movie before.
An investment worth around $400 million has sent Chicago Bridge & Iron's stock to all-time highs.
The news, which was disclosed in the company's 13F filing showing Berkshire's long equity portfolio as of March 31, has sent the stock to new all-time high levels. Over the last five trading sessions, CBI is up almost 11% and the stock hit a new high of $63.41, as of the market close of trade on Monday, and is still going up Tuesday.
Given the size of the position, Warren Buffett probably didn't have any input into the purchase and it is more likely that the decision was made by Todd Combs or Ted Weschler, who each oversee around $5 billion as co-investment managers. Berkshire bought around 6.5 million shares of the Netherlands-based engineering and construction services company valued at roughly $404 million.
Here are some things Yahoo should do to make its acquisition of Tumblr a success.
MSN Money's Anthony Mirhaydari explains what's next for the precious metal.
In the video below, MSN Money's Anthony Mirhaydari explains why gold has fallen, what's next for the precious metal, and where to find the smart investments given gold's fading luster.
Looking for a contrarian play? Consider these names that show signs of institutional selling.
By the staff at Kapitall.com
Fund managers always buy and sell stocks. But sometime, despite many of them having the same bearish sentiment on a stock, there's no apparent reason for the sentiment. So, within the industrial category, we looked for stocks that might not merit such a lack of confidence from fund managers.
We further searched for data that suggest a more positive future, including evidence of undervaluation and positive returns on investment and assets.
Building the list
We screened industrial goods stocks for bearish sentiment from institutional investors, with significant net institutional sales over the last quarter representing at least 5% of share float (MoneyShow.com). This indicates that institutional investors such as hedge fund and mutual fund managers expect these companies to underperform.
LeapFrog is initiated with an 'overweight,' and Beazer Homes is downgraded to 'neutral.'
Tuesday's noteworthy upgrades include:
- American Tower (AMT) upgraded to Outperform from Neutral at Macquarie
- BlackRock (BLK) upgraded to Outperform from Neutral at Macquarie
- Cubist (CBST) upgraded to Hold from Sell at Cantor
- IntercontinentalExchange (ICE) upgraded to Outperform from Neutral at Macquarie
- T. Rowe Price (TROW) upgraded to Outperform from Market Perform at Bernstein
As the season winds down, a few companies are still left to report financial results.
By Billy Fisher, Stock Traders Daily
Even with the first quarter earnings season getting ready to wind down, there are still a host of prominent companies left to announce their quarterly results. This week, a couple of big names in the tech sector and numerous retailers will be unveiling their earnings. Here is what to watch for in the coming days.
Rally time for HP
After the market close on Wednesday, Hewlett-Packard (HPQ) will weigh in with its fiscal second quarter earnings. Analysts are calling for a 17.3% decline in earnings per share coupled with an 8.5% slide in total revenue.
The CEO's decision to take out the blogging site is about as unimaginative as it gets.
By Rocco Pendola
From the get-go, I strongly supported Marissa Mayer's tenure as Yahoo (YHOO) CEO. While I still believe in the legend of Mayer, I'm officially jumping off the bandwagon.
YHOO stock is up 70% since Mayer got the gig. If you have been long, get the hell out. Even if you miss a bit more upside, why be greedy?
It's not that I dislike Tumblr. It's a perfectly worthy fad among a whole slew of new entrants into the space, if we can call social microblogs a "space." It's just that a.) I do not see the sense in making the acquisition; b.) it makes me feel like Mayer has too few original ideas on how to rebuild Yahoo; and c.) everybody is on the bandwagon like a pack of blindfolded sheep.
Long-term investors should focus on high-quality companies with long histories of dividend increases.
By Kelley Wright, Investment Quality Trends
For the most part, our cash needs are met by a paycheck -- until you no longer have one. At that point you will need a pool of capital and a stream of income from that capital to meet your needs. That's why we invest -- to build capital and income to meet or augment current and/or future cash needs.
Our preferred strategy is through buying shares of very high-quality companies with long histories of dividend payments and dividend increases. Why? Because dividends represent the most basic and fundamental measure of return on investment.
Besides high quality and a long history of dividend payments and dividend increases, what is ultimately of most importance is that the shares be purchased when they offer good value.
The hate for this stock is just ridiculous.
If you really think Tumblr is worth $1.1 billion, then Facebook's (FB) stock is worth much more than it is selling for. That's because the goal of Yahoo (YHOO) is to monetize Tumblr on mobile and that's just what Facebook is doing with its products.
But that doesn't matter.
There was a fabulous discussion on Street Signs last week with Jon Steinberg, president of Buzzfeed, arguably the hottest site of its kind of the Web. Steinberg pointed out that Facebook rebutted almost every objection about its service -- from no longer hot, to not monetizing mobile, to not being an important platform -- and nobody cared. In fact, people continue to misstate the case of Facebook, point-blank twisting the facts as if it doesn't even matter.
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Demand for the two metals is growing while mining supply declines.
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[BRIEFING.COM] Stocks ended modestly higher as the S&P 500 climbed 0.2%, and the Dow added 0.4% to register its 19th consecutive Tuesday of gains.
The major averages saw little change during morning action, but afternoon buying interest helped lift the indices to session highs. Most cyclical sectors (with the exception of materials and technology) finished among the leaders, but the defensively-geared health care sector settled atop the leaderboard as biotechnology outperformed. ... More
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