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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When mindless losers dump stocks in Europe-inspired sell-offs, you can pick up bargains.

By Jim Cramer Jul 23, 2012 10:38AM

If you have to sell all of your stocks every time Spanish bonds reach a milestone, you'll be in and out so many times that I doubt you'll be able to make any money. That's why I've been so critical of the risk-on, risk-off nonsense. It makes you think that somehow selling is right when the crisis asserts itself and then buying is right when the crisis ends. I am gratified that I'm hearing less and less about risk-on, risk-off, because it tells me the journalists are no longer falling for hedge fund speak and are actually trying to help people make money.

 

With a dividend linked to gold prices, this undervalued miner offers growth and income potential.

By TheStockAdvisors Jul 23, 2012 9:50AM

By Genia Turanova, Leeb Income Performance

 

Newmont Mining (NEM) currently sells at its lowest valuation in four years despite the fact that the price of its main product, gold, has nearly doubled since then.

 

Moreover, its valuation is lower than that of the overall market -- and its yield is higher. In fact, it is the highest-yielding stock in the sector, with a yield of 2.8%, significantly above the average for the category.

 
Tags: goldNEM

Earnings as a whole appear mildly encouraging, but most are measured against analysts' recently reduced estimates.

By The Fiscal Times Jul 23, 2012 9:25AM
The Fiscal Times

By Suzanne McGee

 

No one these days appears to be exempt from some kind of earnings disappointment. True, earnings as a whole appear mildly encouraging, with perhaps two-thirds of those companies in the S&P 500 announcing some kind of positive surprise. But the pattern remains intact: those positive surprises often are only defined when measured against recently-reduced analysts' estimates.

 

Buried within the numbers, there are facts or figures that, in the absence of headline news in a few weeks' time, will give anxious bears fresh cause for concern.

 

The fast-food giant reports lower net income, and the pharmaceutical company reports an experimental caner drug failed in trials.

By MSN Money Partner Jul 23, 2012 8:56AM
By Joseph Woelfel, TheStreet.com

McDonald's (MCD), reported that second-quarter net income fell 4.5% to $1.35 billion, or $1.32 a share, from $1.41 billion, or $1.35, in the year-earlier period. Revenue was about flat at $6.92 billion compared with $6.91 billion. The fast-food giant, was expected by analysts Monday to post second-quarter profit of $1.38 a share on sales of $6.94 billion.
Shares fell about 2% in pre-market trading at last check.

Germany's Bayer and Onyx Pharmaceuticals (ONXX) said Monday that Tarceva, a jointly produced drug, in combination with Nexavar tablets for the treatment of hepatocellular carcinoma, a type of liver cancer, failed in further improvement of overall survival. 

Home Inns and Hotels Management investors are worried about the budget hotel sector in the nation's slowing economy.

By Jim J. Jubak Jul 20, 2012 5:06PM
Image: Hotel maid (© Simon Jarratt/Corbis)Why have the ADRs (American Depositary Receipts) of Home Inns and Hotels Management (HMIN) been in such a slump? (Home Inns and Hotels is a member of my Jubak's Picks portfolio.)

The ADRs have plunged from $31.92 on March 2 to $20.19 on June 4 before rallying to $22.66 on June 29. They now are in retreat again, closing Friday at $17.

Mark it down to a fear of growth without profits in China's slumping economy in general and in the budget hotel sector in particular.
 
Tags: HMIN

A new reservation system calmed the usual Apple customer frenzy overseas.

By Benzinga Jul 20, 2012 3:49PM
Image: China (© Brand X/SuperStock)By Katey Stapleton, Benzinga Staff Writer

The newest Apple (AAPL) iPad has finally arrived in China. Legal woes that held up the promotion and sale of the tablet have been settled, allowing techies to now swoop up a fresh version.


Shenzhen Proview Technology received a $60 million payday from Apple on July 2 to settle the company's claim of ownership over the iPad name. The claim had prompted a trademark lawsuit and brought iPad sales to a standstill in China.

 

The tragic killings at a showing of 'The Dark Knight Rises' may impact the movie's box-office success. Studio executives reportedly considered canceling screenings in response.

By Kim Peterson Jul 20, 2012 3:17PM
Before Friday's horrific shooting at an Colorado movie theater, Time Warner (TWX) was riding high on hopes for "The Dark Knight Rises." The movie was expected to have the No. 2 opening of all time, with about $170 million in box-office sales.

But early Friday, the movie's midnight showing became the scene of a tragic crime in which a gunman shot 71 people, killing 12. The nation is reeling from the shooting, and some people are saying that they are too afraid to see "The Dark Knight Rises" in the theater because of worries about copycats. 
Tags: TWX

Equity Income Fund portfolio manager Brian Rogers likes telecommunications companies.

By GuruFocus.com Jul 20, 2012 2:19PM
Brian Rogers is a portfolio manager of T. Rowe Price's Equity Income Fund, whose objective is to "provide substantial dividend income as well as long-term capital appreciation through investments in common stocks of established companies." As such, Rogers has selected a number of high-yielding companies for the fund's portfolio. Through his guidance and strategy, the fund has returned 6.7% over the last 10 years and 9.42% year to date, compared to 0.06% and -1.02% for the S&P.

The highest-yielding stocks in the portfolio are Nokia Corporation, CenturyLink, Telefonica and Sun Life Financial.  

These 3 Canadian stocks offer value, rapid earnings growth and strong balance sheets.

By TheStockAdvisors Jul 20, 2012 1:22PM
Image: Canada (© Royalty-Free/Corbis)By J. Royden Ward, Cabot Benjamin Graham Value Letter

I screened my Benjamin Graham database to find Canadian companies with rapidly growing earnings and strong balance sheets.

I believe many outstanding buying opportunities exist. Here is a look at three of our picks -- in agriculture, energy and information services. Each offers excellent appreciation potential during the next six to 12 months. 
Tags: AGUSUTRI

Shares were priced so high that any bump in the road could take them down.

By Kim Peterson Jul 20, 2012 12:58PM
Updated 4:25 p.m. ET

Chipotle Mexican Grill
(CMG) shares plunged 21% Friday after the longtime market darling missed revenue expectations on slowing sales.

At least four brokerages cut price targets on the stock, and Goldman Sachs (GS) booted Chipotle from its "conviction buy" list. Other restaurant chains that have seen similarly hot growth in recent years were also hit. Buffalo Wild Wings (BWLD) closed down 3.5%, and Panera Bread (PNRA) fell nearly 4%. 

Stocks decline as concerns about Spain outweigh relatively strong reports from a pair of tech bellwethers.

By MSN Money Partner Jul 20, 2012 12:55PM
Information provided by Theflyonthewall.com

Google
(GOOG) shares rose nearly 3% after its better than expected earnings prompted Citigroup, RBC Capital, Susquehanna and other firms to make positive comments. Google said overall clicks on its search ads jumped 42% in the quarter and that it's seeing "phenomenal growth" in mobile search queries.

Among some other big names in tech, Microsoft (MSFT) slid over 1% after its adjusted earnings beat consensus but its revenues were a bit light and SanDisk (SNDK) surged almost 14% following its Q2 report. 

The guitar maker takes a look at the market and decides against going public.

By Benzinga Jul 20, 2012 12:41PM
Image: Two guitarists (© Nicholas Monu/iStock Exclusive/Getty Images)By Brett Callwood, Benzinga Staff Writer

Fender Musical Instruments announced Friday that it would be withdrawing its planned initial public offering (IPO) based on current market conditions.


"Current market conditions and concerns about economic conditions in Europe do not support completing an initial public offering at what we believe to be an appropriate valuation at this time," said Larry E. Thomas, Fender's Chief Executive Officer, in a statement.

 

The critics are kicking the industry when it's down.

By Jonathan Berr Jul 20, 2012 12:24PM
Coca-Cola (KO), PepsiCo (PEP) and the rest of the carbonated beverage industry can't afford to ignore Thursday's call by health activists and some cities for the U.S. Surgeon General to conduct a comprehensive study on the health effects of soda, much like the landmark report on the dangers cigarette smoking decades ago. Too much is at stake.

Soda is a convenient whipping boy in the battle against obesity because it is devoid of nutritional benefits. However, the link between soda and America's bulging waistlines is not clear cut. For instance, fewer people are drinking soda on a per-capita basis, a more than decade-long trend that the Center for Science and the Public Interest, the industry's fiercest critic, has applauded.  
Tags: KOPEP

SanDisk is upgraded to 'above average,' and AMD is downgraded to 'hold.'

By MSN Money Partner Jul 20, 2012 11:33AM
Information provided by Theflyonthewall.com

Friday's noteworthy upgrades include:  
  • Hess Corp. (HES) upgraded to Buy from Neutral at Citigroup
  • Nokia (NOK) upgraded to Hold from Sell at Societe Generale
  • Steel Dynamics (STLD) upgraded to Overweight from Equal Weight at Morgan Stanley
  • eBay (EBAY) upgraded to Overweight from Neutral at JPMorgan
 

A trio of unheralded cycles are working even in this horrendous environment.

By Jim Cramer Jul 20, 2012 11:05AM

This economy has three drivers, and I'm talking about them, even if no one else wants to. These drivers are so stark that I think you ignore them at our own pocketbook's peril. But they go unheralded because of weak employment numbers and fiscal cliffs and unsustainably high Spanish bond yields. Why is that? I think people like to talk negatives either because positives seem like they aren't rigorous or because people are ignorant of the so-called big issue.

 

I want to stipulate that I am not ignorant of the big issues. I'm constantly checking out every European bond auction, and I am well aware that our taxes are going up -- and maybe, for some of us, up big.

 

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  • Dec gold chopped around near the unchanged level for most of today's pit trade as investors awaited the FOMC policy statement released at 14:00 ET. The yellow metal touched a session high of $1240.10 per ounce in early morning action but later dipped to a session low of $1234.50 per ounce and settled 60 cents below the break-even line at $1235.60 per ounce.
  • Dec silver erased slight early morning losses as it lifted from its session low of $18.64 per ounce. It ... More


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