The most likely scenario is that the markets will begin to rise from here -- and that bounce is just beginning to take hold.
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The third quarter of this year was the worst on record for the industry since the height of the financial crisis.
Investment banks and other financial industry participants involved in stock trading and market making just can't seem to catch a break.
Firms like Goldman Sachs (GS), Morgan Stanley (MS) and the beleaguered Jefferies Group (JEF) have already reported dismal results for the third quarter. Now comes news from the New York Stock Exchange that all of its member firms -- those broker-dealers that make up the exchange -- appeared to share the pain.
Ignoring fundamentals, here are some stocks that could bounce due to tax selling and window dressing.
At this time of year, we often see artificial selling pressures that may result in buying opportunities almost regardless of stock fundamentals or market conditions.
These selling pressures come from two sources: tax-loss selling and portfolio window dressing. The extreme volatility this year has produced a particularly interesting crop of year-end bounce candidates.
Best Buy is downgraded, while Panera Bread is upgraded.
Tuesday's noteworthy upgrades include:
- Murphy Oil (MUR) upgraded to Buy from Hold at Deutsche Bank
- Hess Corp. (HES) upgraded to Buy from Hold at Deutsche Bank
- Marathon Oil (MRO) upgraded to Buy from Hold at Deutsche Bank
- Panera Bread (PNRA) upgraded to Buy from Hold at Jefferies
- Union Pacific (UNP) upgraded to Outperform from Sector Perform at RBC Capital
Recent ambition should fuel this energy company for years to come.
It's no secret that the world is witnessing a natural gas boom. New advances in drilling technology have allowed E&P firms the capability to access gas trapped within various shale rock formations across the world. Billions of dollars worth of new investment have flown into the sector, and the newly found abundant supplies have the International Energy Agency calling this the "golden age of gas."
Overall, the group estimates that global consumption of natural gas will rise by more than 50% during the next 25 years. To that end, most of the major integrated energy firms have been expanding into shale and natural gas assets at record paces. One such major energy firm, Royal Dutch Shell (RDS.A, RDS.B), could rise to the top of the pyramid after some recent strategic investments.
The retailer's shares tank as razor-thin margins result in a 13% profit drop.
Best Buy (BBY) had high hopes for this holiday shopping season. Black Friday sales numbers hinted that Best Buy was a winner, going big on discounts and exclusive in-store deals after a rather lackluster showing last year.
After Tuesday's earnings report for the third quarter, however, Best Buy investors might be getting a lump of coal under the tree. The big-box electronics retailer saw profit slump 13%, predicted weak margins and stuck with its previously conservative sales forecast.
Without Europe, it can't be great. But with so many bullish signs, it can't be that bad either.
What is the truth about tech? What is really going on?
Are the problems macro related, as in weakness in Europe, the way Texas Instruments (TXN) described? Are the problems related to the secular decline in personal computers, a decline that has accelerated if you just look at Intel's (INTC) numbers? Or does the problem really have more to do with the Thai tragedy and personal computers will get back on track soon enough, as Intel tried to explain to us?
Is the problem slowing smartphone sales? Or just slowing smartphone sales from non-Apple (AAPL) vendors? Slowing television sales? Or just slowing sales from the Korean customer who wouldn't take the Corning glass? Is the problem a dramatic decline in telecom spending, or is telecom spending just frozen by ATT's (T) flailing attempt to buy T-Mobile?
A Texas money manager likes Time Warner, Honda and Garmin.
Jeanie Wyatt is a true-blue value investor. But she is more particular about the term value than many of her peers. She loves to see a hoard of greenbacks on a company's balance sheet. If a company doesn’t have plenty of cash, she won’t tag it as a value play.
Most investment managers identify value stocks as companies with underappreciated and undervalued assets that have yet to be reflected in the price of their stock. In other words, investors haven’t yet paid up for their intrinsic worth.
In this Q&A, a leading tech guru reviews the chipmaker's lowered guidance.
Intel (INTC) lowered its fourth quarter guidance from its original range of $14.2 billion to $15.2 billion to a range of $13.4 to $14.0. At the midpoint, this represents a 6.8% lower forecast.
However, the chip maker stated very clearly this lower forecast is solely attributable to the shortage of hard disk drives (HDD), and is not at all related to the demand for its products. With that, let's address some of the questions I've received from investors.
Even though heightened regulatory requirements could put more pressure on the bank's trading margins, the stock is worth more than its current price.
New tax agreements between Switzerland and other countries like the U.K. and Germany -- with more countries likely to be added to the list -- are also expected to hit the secrecy afforded by the Swiss banking system, directly affecting Credit Suisse and its larger Swiss competitor UBS (UBS). And don't forget the ongoing issues between Credit Suisse and the U.S. Department of Justice for allegedly aiding tax evasion, or the mortgage-backed securities related lawsuit by the U.S. Federal Housing Financing Agency.
Markets were not impressed by a meeting of European leaders that didn't produce the hoped-for results.
Financial pundits are once again gazing into their crystal balls to come up with forecasts for the year ahead. Here’s how to read those prognostications.
Big name pundits do it; mutual fund managers do it; economists and wannabe CNBC talking heads do it.
"It," of course, is peering in their crystal balls at the end of each year to come up with forecasts for the year ahead. The never-ending frenzy of financial market prognostication seems to reach fever pitch every December, as money managers know they will be judged on their ability to pick ideas that will perform best for clients in the coming months.
Even after a strong two-week rally, these standout S&P 500 stocks are likely to outperform the broad market.
By Tom Aspray, MoneyShow.com
With the S&P 500 up more than 8% in the past two weeks, it is important to know which stocks in the index are overbought and whether any are still oversold. The most objective way I have found to measure this is by comparing the weekly or monthly closing price to the Starc band readings.
Over the years, I have found that buying a stock when it is above its weekly Starc+ band is generally a mistake. More often, if I am fortunate to be long a stock that moves above its weekly Starc+ band, it’s best to take some profits.
The 'Edsel' of tablets? It's too early to say.
As the Times noted, the Kindle Fire is enduring a torrent of negative reviews on the company's website, of all places. This is a huge headache for Amazon, which is counting on the Fire to fuel future growth.
Investors tired of all the volatility will lead an even bigger push into dividend stocks next year. Here are some picks.
We already saw investors rush into dividend stocks in 2011, seizing the benefits of stability, rising payouts and more favorable tax treatment. That should continue next year.
Here are some picks with very low valuations relative to their 5-year growth prospects.
Our newest growth stock recommendations cover a wide range of industry sectors and market caps, with revenues ranging from $1 billion to $50 billion.
What they share, however, are five-year earnings growth prospects averaging close to 20% a year and very low price valuations. Here's a look at four of our latest ideas: AGCO (AGCO), Cisco Systems (CSCO), Genesco (GCO) and Triumph Group (TGI).
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The company, headed for an IPO later this year, is worth as much as 10 Tesla Motors combined, says Bernstein's Carlos Kirjner.
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[BRIEFING.COM] The stock market ended the holiday-shortened week on a mixed note as the Dow Jones Industrial Average shed 0.1%, while the S&P 500 added 0.1% with seven sectors posting gains.
Equity indices faced an uphill climb from the opening bell after disappointing quarterly results from Google (GOOG 536.10, -20.44) and IBM (IBM 190.04, -6.36) weighed on the early sentiment. Google reported earnings $0.15 below the Capital IQ consensus estimate on revenue of $15.42 ... More
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