If everything goes as planned, this week will be the busiest for initial public offerings since 2000.
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Investors are worrying more about the mismanaged bank now than when the financial situation was much worse.
The downgrade of Bank of America (BAC) Tuesday strikes me as ill-considered. When Citigroup (C) turned lukewarm on the name, I thought that if you are bullish on the market and housing in general, you would have a hard time getting back into this one.
I have to admit that Bank of America is the worst of the worst -- the most poorly run of all the major financials. People may hate Goldman Sachs (GS) more, but that's born of jealousy more than incompetence. I also expect earnings in the near term won't be anything to write home about.
Shares of companies such as LinkedIn and Zynga have jumped higher since Facebook filed to go public two weeks ago.
Is rally in the prices of some of the best-known social networking stocks due solely to the halo effect of Facebook’s IPO filing?
Shares of companies such as LinkedIn (LNKD) and Zynga (ZNGA) have jumped higher since that other social media business filed to go public two weeks ago. In the case of LinkedIn, at least, the gains may have a basis in fundamentals as much as they are in the increased appetite for anything even tangentially related to Facebook.
CEO Tim Cook hints that the company may be willing to do something with its mountain of cash.
"I think it's clear to everyone we have more cash than we need," he said at the Goldman Sachs Technology and Internet conference in San Francisco, according to Business Insider. He asked investors to be patient so he could make the best decision about what to do with the cash.
"We're not going to go have a toga party or do something outlandish," he joked, according to ZDNet. "People don’t have to worry that it’s going to burn a hole in our pocket."
Some propose looking at leveraged ETFs for guidance.
By Dan Caplinger
Leveraged ETFs have been the downfall for some long-term investors who misunderstood how they worked. But now, one research company thinks that leveraged ETFs may actually provide some helpful information -- and suggests that current signs point toward a possible plunge for stocks.
Following the dumb money
Yesterday, Barron's reported a trend among leveraged ETF trading that TrimTabs Investment Research identified. TrimTabs observed that issuance of new shares of leveraged bearish ETFs, including Direxion Financial Bear 3x (FAZ) and ProShares UltraShort QQQ (QID), was at a very low level of just 0.2% of assets last week.
The company says business is normal Tuesday even as groups promise action over its gun policies.
A group that aims to reduce gun violence says it is boycotting the coffee giant Tuesday because Starbucks has not stopped customers from bringing guns into stores when the law allows it. Starbucks has the legal right to ban guns, the National Gun Victim's Action Council says. The group has sent an open letter to Starbucks with its complaints.
Knowing that a plethora of good apps is key to drawing new smartphone users, the company makes an appeal to app creators.
At a recent developer's conference, executives mentioned that, contrary to popular belief, users of the BlackBerry platform have actually shown great interest in embracing smartphone apps. This is an encouraging statement from the company at a time when it's facing challenges in competing with Apple (AAPL) and Google (GOOG) in the smartphone and tablet market.
The company has made significant investments in the region as a whole to insulate itself from the volatility of the individual markets.
The company also unveiled a new plan to make Thailand the service center for region's energy, healthcare, aviation and other businesses.
Concho Resources has some risky positions, but there's good reason to believe in the company's oil projections.
With new owners and a new strategy, the music site is showing signs of life.
MySpace is more than hanging on, in fact. The site is signing up 40,000 new users a day and has gained 1 million new users since December. Those aren't huge numbers in the big picture, but they're enough to suggest that maybe MySpace isn't dead after all.
What turned MySpace around? All of the credit goes to MySpace's new owners -- including Justin Timberlake -- who bought the site for $35 million last June from News Corp (NWS). The deal removed one of the biggest headaches for News Corp, which spent $580 million to buy MySpace in 2005.
Despite spending billions to expand its network, the firm continues to ring up solid and consistent growth.
AT&T (T) has a core strategy that is oriented around upwards of $5 billion in capital spending every quarter to expand the capability of its wireless and broadband network.
That’s made possible thanks to $10 billion-plus in quarterly cash flow. And although it failed to buy Deutsche Telekom ’s T-Mobile USA unit last year, the company did continue to execute its formula for robust long-run growth.
These fast-gaining shares carry high risk at current levels, and shareholders should lock in profits now.
By Tom Aspray, MoneyShow.com
As Apple (AAPL) climbs past the $500 level and Wall Street analysts bump their targets for the S&P to 1,400 or 1,450, the signs continue to indicate a market where risk is increasing.
This is the opposite of last fall, when the major firms were lowering their forecasts for both the S&P 500 and U.S. GDP at a rapid rate, as we noted back in September in Is the Majority Wrong?
After one of the best runs in market history, structural issues are resurfacing to spoil the fun. Think about taking an agile, cautious short position.
Reality has caught up to the runaway market. Economic data here at home are starting to disappoint as the temporary tailwinds of savings drawdown and inventory restocking fade. Witness Tuesday's retail sales miss or Friday's poor trade report. Data are weakening overseas as well, with activity slowing in key economies, including those of Japan and Germany.
The situation in Europe is deteriorating, with analysts at Moody's downgrading the credit ratings of a number of countries Monday night, becoming the first agency to call into question the creditworthiness of the United Kingdom. Greece is fast approaching the precipice. Its coalition government is weakening from the intense popular uprising against additional budget cuts. Participation in its critical debt restructuring deal is reportedly weaker than expected. And now, a chorus of eurozone officials, including the finance ministers of Germany and Poland, is playing down the negative effects of a Greek default and eurozone exit.
With investor sentiment at extreme highs, this sets the stage for a dramatic market reversal as it becomes increasingly clear that central bank interventions -- such as the actions by the Bank of Japan and the Bank of England over the past week -- can no longer solve the structural problems at hand. We're already seeing signs of this.
The internet search giant is setting its crosshairs on your living room. Would an Android-powered home catch on?
Is this move a natural progression for Google, or does it have flop written all over it?
Did the tech giant figure the ends justified the means?
Foxconn, one of Apple's main suppliers, seems to have consulted the works of Charles Dickens for management tips.
Mylan is upgraded to 'buy' at Goldman, while Bank of America is downgraded to 'neutral' at Citi.
Tuesday's noteworthy upgrades include:
- Gap (GPS) upgraded to Buy from Neutral at Citigroup
- Williams-Sonoma (WSM) upgraded to Buy from Neutral at Citigroup
- HollyFrontier (HFC) upgraded to Conviction Buy from Buy at Goldman
- Mylan (MYL) upgraded to Buy from Neutral at Goldman
- Pioneer Natural (PXD) upgraded to Outperform from Neutral at Macquarie
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Jobs numbers expected later this week will shed more light on the economy. 'The Fed has to be delighted,' one economist says.
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[BRIEFING.COM] The S&P 500 (-0.1%) remains just below its flat line after surrendering its early gain that was driven by a better than expected GDP report for Q2 (4.0% versus Briefing.com consensus 3.2%) and a set of above-consensus earnings.
To that latter point, American Express (AXP 90.65, -1.06), Buffalo Wild Wings (BWLD 144.48, -22.78), and WellPoint (WLP 110.11, -2.44) all beat their estimates, yet the trio trades lower across the board. Also of note, ... More
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