Stocks should be crushed by global turmoil, Jim Cramer says. Instead, they're doing fine.
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Some of the stocks in Warren Buffett's Berkshire Hathaway portfolio are now correcting near favorable entry levels.
By Tom Aspray, MoneyShow.com
It's always interesting to look at the stocks that high-profile investment gurus like Warren Buffett are buying. Last year, however, was not a great year for Berkshire Hathaway (BRK.B), which was weaker than the S&P 500, losing 4.7%.
The weekly volume pattern in BRK.B does show some signs of accumulation, so 2012 could be a better year for Berkshire Hathaway. One of the stocks that Buffett bought more of in the first quarter, Bank of New York Mellon (BK), has had a rough two months and has dropped 16% so far this quarter.
Increased tourism and merchandise sales are anticipated throughout the games -- good news for the official payment services provider.
The financial services company has launched a massive global marketing campaign, titled "Go World," to promote the games through various media such as television, digital advertising as well as social network platforms.
There's plenty of blame to spread around.
Was the Facebook (FB) initial public offering bungled by the banks? Between the chaos that surrounded the first day of trading its shares on Nasdaq last Friday, followed by Monday's nosedive in the value of those shares beneath the $38 IPO price -- there's plenty of egg on everyone's face.
Blaming Nasdaq OMX Group (NDAQ) for the exchange's technological snafus is legitimate (sure, those pesky high-frequency traders really mess things up, but Nasdaq should have been prepared for that; it's hardly classified information). But blaming the banks that underwrote the deal, while it might make investors feel good, really isn't legitimate.
Pity the trader that pulled out of Apple to invest in the social-networking company.
As the public downgrades Facebook (FB) from "history in the making" to cautionary tale, shares continued their second-straight daily dive, nearing the $31 level Tuesday afternoon.
Meanwhile, another high-profile stock, Apple (AAPL), was seeing quite a bit of activity. The stock had picked up steam earlier Tuesday, gaining 9.5% in the morning alone. By the afternoon, however, Apple was down more than 1% to $555.16.
The warmer months are a good time to position for the fall.
By Pamela and Mary Anne Aden, The Aden Forecast
The summer months tend to be a seasonally low time for gold. We can't stress enough to take advantage of further weakness to buy.
The good news is that gold and silver both held at their key December lows. It'll now be important to see if they stay above these levels at $1,540 and $27, respectively. If so, it'll be a good sign that these markets are bottoming and the worst is over.
Angelo, Gordon & Co. bets on a turnaround in a private-equity eatery binge.
For Angelo, the $296 million bet on Benihana comes after previous attempts by the restaurant chain to find an acquirer failed and at a more than 20% premium to Benihana's Monday close.
GE's growth strategy is to expand to smaller and faster-growing countries in the African region.
With growth in gross domestic product, the African region has started to develop a healthy appetite for power and infrastructure, both of which require heavy equipment that GE supplies. A majority of the company's African revenue comes from South Africa and oil rich countries of Nigeria and Angola, where it supplies oil and gas equipment.
Investment demand for the precious metal jumped 13% in the first quarter over the same period last year.
By Eric McWhinnie, Wall St. Cheat Sheet Staff Writer
According to the latest gold demand report by the World Gold Council, the world continues to have a strong appetite for the precious metal, despite higher prices in the first quarter compared with a year earlier.
First-quarter global gold demand totaled 1,097.6 tonnes, valued at $59.7 billion -- a 5% decrease from 1,150.7 tonnes, valued at $51.3 billion, in the same period last year.
The company made a big splash in the stock market last week, raising a whopping $16 billion. This week, its share price is already plunging.
However, while the company sold an enormous $16 billion worth of shares, its stock price climbed a puny 23 cents over the course of the trading day, closing at $38.23 a share. And on Monday, the stock plunged by more than 10%, ending at $34.26.
Is Facebook's troubled debut evidence that the company was overhyped?
The cash infusion is desperately needed by the flailing Internet company, but nothing else about Yahoo's future has changed with this deal.
By guest columnist Peter Pham
It looks like Yahoo (YHOO) has finally figured out the magic word to get Alibaba to open up the piggy bank and turn Yahoo's investment into cash. The details of the deal between the two companies are convoluted, but most likely Yahoo will realize $7.1 billion from the sale of half of its 40% stake in Alibaba.
Long-suffering shareholders will be the beneficiaries of this deal, as opposed to Yahoo's plowing the money directly into an overhaul of the flailing Internet search company's business model.
The beleaguered electronics retailer beats earnings forecasts, but expectations were low and its stock is still to be avoided.
Profit plunged 25% to $158 million, or 46 cents a share, versus $212 million, or 65 cents, a year earlier. Excluding one-time items, profit for the three months ended May 5 was 72 cents, beating the 59 cent average forecast of Wall Street analysts. Revenue rose 2% to $11.6 billion.
Hertz Global is initiated with an 'overweight, and Tesla Motors is initiated with a 'buy.'
Tuesday's noteworthy upgrades include:
- Abercrombie & Fitch (ANF) upgraded to Neutral from Underweight at Atlantic Equities
- Aeropostale (ARO) upgraded to Outperform from Neutral at Cowen
- EOG Resources (EOG) upgraded to Outperform from Market Perform at Wells Fargo
- Humana (HUM) upgraded to Outperform from Market Perform at Wells Fargo
- IntercontinentalExchange (ICE) upgraded to Overweight from Neutral at JPMorgan
With improving prospects and a low valuation, this blue chip is well-suited to more than one investment style.
By David Sandell, The Complete Investor
Intel (INTC) is the epitome of tech dominance, with a better than 80% share of the semiconductor market. But it had become an uphill struggle for Intel to translate its market dominance into brisk earnings growth.
Intel had been battling a decades-long trend: the steady decline in chip prices, which ironically had been brought about mainly by Intel's own amazing technological prowess. In the past few months, however, Intel's earnings outlook has sharply improved. Why? The explanation lies in a momentous turnaround in how transistors are priced.
Here's how price cuts at Smucker and Kraft could work out for the top players.
By Will Ashworth
The coffee wars escalated last week when J.M. Smucker (SJM) lowered its prices by 6% for Folgers and the rest of its brands sold in grocery stores. Immediately, investors began speculating who else would follow suit.
Just a few days later we got our answer as Kraft (KFT) announced it too was lowering prices by 6% for its Maxwell House and Yuban brands and by 10% for its Gevalia brand, which Kraft already was selling in Scandinavia to replace sales lost when it and Starbucks (SBUX) ended their relationship in 2011.
With arabica bean prices dropping by almost 30% in the past year, winners and losers should be sorted out. Let's see who they are.
How did Einhorn come to command market clout on par with that of a Federal Reserve chairman?
Once, it was only Alan Greenspan who commanded this kind of clout: the ability to simply hold up his hand, cause the financial markets to pause attentively, issue some cryptic or forthright thought (remember "irrational exuberance") and step back to watch the madness follow as traders scrambled to position themselves according to what they thought the influential "Fed Head" had said or what they thought he meant.
Jokes made the rounds about the market-moving potential of even his most offhand remarks. Someone, it's said, bumps into Greenspan at a Kennedy Center performance and asks how he's feeling. Pause. "I'm not allowed to say," Greenspan replies, deadpan.
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The idea of US crude being a shelter from turmoil abroad may not be as far fetched as it seems.
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Equity indices were pressured from the get-go after several heavyweights disappointed the market with their earnings and/or guidance, which led to some broader profit-taking. After ... More
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