Stocks have rallied 177%, and while calling a top is the easiest thing to do, it might not be the most accurate, Cramer says.
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Higher margins and lower tariffs signal salad days ahead. With video of Chiquita's chief discussing the business.
By Alex Pape
Shareholders of Chiquita Brands (CQB) have been on a banana boat ride, bouncing all over the place. In the three short months since the Young Gun Portfolio bought shares in the banana master, we've seen shares jump 23%, give it all back, and then jump up another 5%. Such are the vagaries of short-term market prices.
I don't pay much attention to the short-term movements, but I do look to new information to strengthen or discredit my thesis. I recently did just that with the company's 2010 annual report.
Infrasturcture needs to be replaced, and Chicago Bridge and Iron is ready.
It came up when I was comparing companies that have had at least 10% growth in sales and earnings, and are expected to continue growing, against the Barchart technical indicators, and Chicago Bridge and Iron (CBI) was near the top of the list.
These North Dakota producers are some of the best stories out there.
The illogic is pretty stunning: Every day, on nothing new, oil goes higher. Every day. Same news. We are attacking Libya, a country with relatively small oil production. Yet every day this futures market is starved for oil. That's one reason Chevron (CVX), widely perceived to be a quick beneficiary of that price, is doing so well. It is also a reason to like ConocoPhillips (COP).
But I think the best plays, the best bangs for the buck, are these three North Dakota producers, which also have holdings outside of North Dakota: EOG Resources (EOG), which produced 17 million barrels last year, followed by Whiting (WLL), which produced 13.7 million, and Continental Resources (CLR), with 12 million barrels.
These are truly astounding numbers, and you can only imagine how much they are making each day on these holdings.
North Dakota is an amazing story. It produced 113 million barrels in 2010, a staggering gain over the production just three years before, which was 46 million barrels.
The legendary actress used her wits and fame to build a fortune, and her perfume is still the best-selling celebrity fragrance.
She was one of the last great glamorous stars. And she used her fame and wits to build an empire the likes of which few starlets had previously seen.
Oh, sure, everyone from Jessica Simpson to Miley Cyrus' little sister is jumping onto the merchandising bandwagon, but Elizabeth Taylor did it early and did it right. Her White Diamonds perfume is still the best-selling celebrity fragrance in the world, Fashionista reports, ringing up $77 million in sales in 2010.
And you gotta love the White Diamonds holiday commercial, which showed that even in her later years, Taylor could still pull it off.
Even amid European debt woes, Mideast unrest and a nuclear scare, the market has proved resilient.
When you get offline with CEOs around the country, you know what they want to know? How can this market keep going up? I always say the same thing: look at your balance sheet; look at your book of business; look at your prospects. Aren't they the best in years?
The vast majority say yes. Some -- for instance, the oil and gas drillers or the truckers or the farm equipment companies or those involved in climate control, safety or medical equipment -- say they can't even handle the business.
The companies that are temporarily lulled by the (temporary) communications glut or the Japanese supply chain snafus are still bullish out several quarters. I remember another time when terrible tech balance sheets used to cause companies to go belly-up. Now they are just hiccups!
Sure, there are places that aren't so hot. Guess? (GES), Urban Outfitters (URBN) and Nike (NKE) can't crow. The first two remind me of why J. Crew (JCG) wanted to go private. Who can handle this month-to-month and quarter-to-quarter nonsense? Nike was bad.
After an 8% dive, value investors would be wise to snap up this bargain stock.
Here are three reasons investors should consider Walgreen a buy:
China's largest budget-hotel chain is interested in the market's No. 5, but the price is not right.
After ousting comedian Gilbert Gottfried, the insurer is looking for a new squawker. With video updates.
Then you might be the new star Aflac (AFL) is looking for. The company will start accepting submissions tomorrow for a voice to replace comedian Gilbert Gottfried. Aflac fired Gottfried last week for making crude jokes on Twitter about the disaster in Japan. (Gottfried has since apologized.)
With 75% of Aflac's business in Japan, the earthquake and tsunami are an especially sensitive subject. So now, the company wants a new voice for its duck.
Anyone can try out for the gig by making a 30-second audio or video clip of the famous Aflac squawk, the Associated Press reports. The file can be uploaded to www.quackaflac.com.
Experts disagree on whether the strategy works for investors. With video updates.
The 1-for-10 reverse split cuts the number of shares outstanding to 2.9 billion. Now Citigroup will reinstate its dividend to a whole penny. Big spender! The dividend will cost $29 million every quarter.
The reverse split could be a turnoff to some investors who like to own large amounts of cheap shares, The Wall Street Journal reports. And the stock could become more attractive to shorts who think there is more room to fall.
On the other hand, a higher stock price could attract more investors who aren't allowed to dabble in the cheap territory.
Post continues after this video discussing the bank:
The 3-day relief rebound hits a wall as the S&P 500 bonks its head on the 50-day moving average.
After last week's dramatic sell-off -- with the S&P 500 losing 3.6%, culminating with a washout on Wednesday -- the bulls have managed to string together a nice relief rebound rally. Monday marked the third straight up day. So that's it, right? With Japan's nuclear disaster coming under control and Libya's airspace filled with Western fighter jets, are stocks ready for another big uptrend?
Not quite. There are issues with the recent rebound. It came on light volume and disappointing breadth -- a sign that investors still aren't excited about stocks at these levels. And on all three days most of the gains came in the opening minutes of trading. The lack of intra-day follow through points to a lack of enthusiasm. Most importantly, key sector groups that have led the decline -- technology and semiconductors -- continue to lag badly.
Various technical and momentum indicators suggest this was a temporary reprieve within a medium-term downtrend -- a downtrend that's being powered by indications economic growth is set to slow.
Stocks are allegedly cheap now, at 15.7 times 2010 earnings. And they are cheap by historical standards.
Profit margins are a tick away from all-time highs and are creating the impression of cheap equity valuations. But that impression is a mirage, because today’s generous margins are destined to shrink.
I first wrote about this in January 2008, and here is an update to that article. All I had to do was to update a chart and the numbers in the article and add a few comments – all of them are underlined.
Stocks are allegedly cheap now, at 15.7 times 2010 earnings. And they are cheap by historical standards. Only 10 years ago, their price/earnings ratios were double today’s; they are even cheaper if you compare their forward (2011) earnings yield of 7.3% to the 10-year Treasury yield of 3.40%. They are cheap, cheap, cheap!
Or so we’ve been told.
Only if Amazon is, too.
By Tim Beyers
Some days, watching the tech news cycle is like watching a soap opera. The Web is abuzz today with news that, on Friday, Apple (AAPL) sued Amazon.com (AMZN) for violating its trademark on the term "app store." Amazon's using the term to describe the digital market for Android apps that it's launching today.
On the surface, the suit seems loony. Don't we all use "app" and "app store" as generic terms? With each, we're describing broad concepts. Sure, iPhones have apps -- but so does every other smartphone out there. And where do we get these apps? App stores, of course. Even Steve Jobs says so. Microsoft (MSFT) has filed a petition to invalidate Apple's app store patent precisely because of our propensity to use these terms in common speech.
But don't be too quick to burn your mock turtleneck in protest. Amazon.com may have opened this particular can of worms when it patented "one-click checkout" more than a decade ago. Apple has since licensed the term for use in its own digital stores.
Investors love JPMorgan's role in the AT&T acquisition of T-Mobile, and one prominent analyst says the bank could eventually net $500 million on the deal.
By Philip van Doorn, TheStreet
As Wall Street digests AT&T's (T) agreement to acquire T-Mobile from Deutsche Telekom AG (DTE), excitement is brewing for the potential fee and interest income JPMorgan Chase (JPM) and other players can earn from the merger and from subsequent deals.
AT&T agreed to pay $39 billion -- including $25 billion in cash - with reports indicating that JPMorgan had provided AT&T a $30 billion line of credit. Richard Bove of Rochdale Research said that the reports suggested that JPMorgan didn't "syndicate this credit because AT&T did not want any word of its potential bid to leak out."
If this is indeed what has taken place, Bove estimates that JPMorgan's fee for the credit line could be as high as $150 million.
The social-networking site plans a $175 million initial public offering this year. With video updates.
The site adds about 1 million members every week, the company said in a blog post. More than half of its members are outside the U.S., with the fastest growth coming from Brazil, Mexico, India and France.
Of all the major social-networking sites, LinkedIn is the one I use the least. But other people seem to like it. The company says nearly 1 million of its members are teachers, 1,030 are chocolatiers and 74 are "Elvis tribute artists."
Post continues after this video about LinkedIn and other networking sites:
The company hopes its PlayBook will make a splash in a market dominated by Apple's iPad. With video updates.
The PlayBook will be available April 19 in North America. The Wall Street Journal calls the device the "most important launch in years" for RIM, which also makes the BlackBerry line of smartphones. It will cost between $499 and $699, depending on the bells and whistles.
Why is the PlayBook so important? Because after years of trying to court consumers, Research In Motion is losing significant market share in North America. The competition has simply been too fierce, with Apple's iPhone and a host of new phones based on the Android platform from Google (GOOG) stealing customers from the BlackBerry.
Post continues after this video discussing the tablet wars:
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The solid report comes a month after the retailer closed all of its Canadian operations.
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 added just over a point, holding its weekly gain at 1.0% while the Nasdaq lost 0.4%.
The major averages began the day on an upbeat note, but relinquished their opening gains during the first 90 minutes of action. The early sentiment was boosted by a better-than-expected nonfarm payrolls report for February (175K versus Briefing.com consensus 163K), but a closer look into the report suggested that ... More
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