The US isn't strong enough not to care about them now. But one day it will be, Jim Cramer says.
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Washington will probably impact Wall Street less now that Republicans have taken control of the House.
Will the president listen? Will he hear?
Will the election matter to him?
I think the answer is a resounding no.
I don't see anything about President Barack Obama that speaks to making peace and getting along with the other side of the aisle, and I don't see the other side coming together with him either because, beginning tomorrow, we will be in presidential-election mode.
More woes lie ahead for stocks like Whirlpool that sell into the sluggish housing market.
How long are you willing to wait for a turnaround?
But last Wednesday's earnings report for the third quarter was depressing. Including all items, the company reported earnings of $1.02 a share, down from $1.15 in the third quarter of 2009. Excluding these special items, earnings came to $2.22 a share, but that was below the Wall Street estimate.
Shares of Banco Bradesco dropped last week after the quarter missed estimates. Watch the price of this one.
"Sell on the news" isn't just for the U.S.
The preferred shares of Banco Bradesco (BBD), the second largest bank in Brazil by market capitalization, dropped 4% last Wednesday in Brazil, while the U.S.-traded ADR (based on the preferred shares) fell 5.3% in New York after the company reported a 40% increase in adjusted profit that still fell short of analyst estimates.
The difference between actual results of 2.52 billion reais (the plural for Brazil's real) and analysts' estimates of 2.55 billion reais came down to an 18% increase in expenses and weaker- than-expected loan growth.
The computer uses the Chrome operating system.
By Paul Ausick, InvestorPlace.com
Is there room in the marketplace for another netbook? Google Inc. (GOOG) seems to think so, as do partners Hewlett-Packard Co. (HPQ) and Acer Inc. Just about everyone else thinks netbooks are heading for extinction as customers flock to the iPad and other manufacturers race to get their own tablets out the door.
Google apparently didn't get the memo. The company first talked about this smartbook -- Googlespeak for netbook -- over a year ago. Now DigiTimes reports that Google will launch it later in November, followed by similar products from HP and Acer in December.
Why the yellow metal might not be as valuable as some investors believe.
Exchange-traded funds in the gold market and gold stocks might not be as great as you've heard.
People are jumping on the gold bandwagon just like they jumped on the dot-com bandwagon and the real-estate bandwagon and every other bandwagon before them. Is this time different? Never mind gold's 20%-plus rise this year. It still has a lot of overlooked weaknesses as an asset class. Goldbugs won't like this, but here are just a few.
Dow companies with cash stockpiles offer safety amid political uncertainty and Fed manipulation.
By Jake Lynch, TheStreet
Stricter regulations in response to the subprime-mortgage crisis and the ensuing recession have painted Democratic leaders as anti-business. Further, ObamaCare and the threat of looming tax increases have aided a Republican resurgence. The GOP needs 39 seats to reclaim the House and oust Nancy Pelosi as speaker. Some analysts predict a 60-seat swing in Republicans' favor.
Jobs and the federal deficit are voters' top concerns, polls show. And fear of harsher regulations has made businesses hesitant to hire. Moody's (MCO) data indicate that S&P 500 ($INX) companies are sitting on $1 trillion in cash.
Restructuring Fannie Mae and Freddie Mac may become nearly impossible if Republicans split or even win the legislative branch.
By Lauren Tara LaCapra, TheStreet
Since Fannie Mae (FNMA) and Freddie Mac (FMCC) were seized by the federal government in September 2008, lawmakers, with a few exceptions, have remained surprisingly mum about what will become of them. The Obama administration has promised to deliver a plan for the future of housing finance a few times but ultimately put it off until next year.
Restructuring Fannie and Freddie in any meaningful way would be difficult enough with one party dominating Capitol Hill. Now, with polls predicting that Republicans will at least split the legislative branch -- if not take it over -- it may be completely impossible to restructure the government-sponsored entities.
Apple's iPad won't be the only tablet under the tree this year. HP's Slate, Amazon's Kindle and Samsung's Galaxy Tab are poised to pose a challenge.
By Scott Moritz, TheStreet
There are, however a few challengers that may also end up under the tree, helping to keep Apple from collecting all the proceeds from the tablet giving season.
One would think that the market was teeming with tablets, given all the hype lately. But so far, the list of available tablets is short, though not unimpressive: Hewlett-Packard's (HPQ) Slate, Amazon's (AMZN) Kindle, Samsung's Galaxy Tab and the Apple iPad.
The automaker's public offering could be the feel-good, make-money story of the year.
By Jim Cramer, TheStreet
We're lost in the miasma of the election, the Fed and the coming labor report, and no one can blame us. But right around the corner is an IPO that could ignite as much interest in the market as we have seen in years: that of General Motors.
The GM public offering is kind of like the U.S. Olympic team in 1980, the Miracle on Ice: a feel-good story, except that you get to make money from it. That's right, I believe the deal is going to be a smashing success. The key questions are who is going to get it and how can you get in.
It is not just pricing that matters, although I believe the government is going to throw it to the good guys, meaning the buyers. There's also actually a strong investment case out of China.
The season will be huge for the tech giant, a fund manager says.
By Gregg Greenberg, TheStreet
Just because everybody around is using a cell phone does not mean the mobile Internet wave is over. And the same goes for the bullish move in technology stocks, says Channing Smith, fund manager for the Capitol Advisors Growth Fund (CIAOX).
The $22 million fund, which garners three stars from Morningstar (MORN), is up 8.5% over the past year, putting it in Morningstar's 44th percentile versus its peers. Over the past five years, the fund has returned more than 3% annually, better than 70% of its rivals.
Welcome to TheStreet.com's Fund Manager Five Spot, where America's top mutual fund managers give their best stock picks and views on the market in a five-question format.
Smart phones running on Google's operating system continue to gain momentum in the US market.
By James Rogers, TheStreet
Sales of Android-based smart phones accounted for almost 44% of U.S. sales during the third quarter, according to research firm Canalys, up from 34% in the prior quarter. With new Android phones, such as Motorola's (MOT) Droid Pro and the Verizon (VZ) Fascinate swarming onto the market, Google's mobile OS is going from strength to strength.
Apple also enjoyed a strong quarter. The tech giant overtook Research In Motion (RIMM) as the top individual vendor. The iPhone maker accounted for 26.2% of the U.S. market, up from 21.7% in the prior quarter. RIM's share dropped from 32.1% in the second quarter to 24.2% in the third quarter despite the recent launch of the BlackBerry Torch.
It's time to end the media's fascination with the Oracle of Omaha, who, despite claims to the contrary, does love publicity.
By Gary Weiss, TheStreet
It is the only season that lasts 12 months a year. You can't swing a cat around a financial news organization nowadays without snaring somebody writing about Warren Buffett's portfolio. Usually it's along the lines of "What is Warren buying?" But lately there is a hush, and a sad pang can be heard reverberating across the prairie. Warren Buffett is considering a successor!
So with reverence more appropriate for the papal succession than a glorified hedge fund, there is one article after another about the Apparent Chosen Successor, a Florida hedgie named Todd Combs.
Not all technology funds are the same. Some hold small caps, while others buy abroad.
By Gregg Greenberg, TheStreet
The PowerShares QQQ Trust (QQQQ), the biggest technology exchange-traded fund, has risen 20% since the end of August, almost twice as much as the broader S&P 500 Index ($INX), powered by an increase in the shares of Apple (AAPL) and Google (GOOG).
But investors in tech ETFs could have gotten bigger gains elsewhere. PowerShares QQQ Trust's underlying index is the Nasdaq-100 of the largest domestic and international non-financial securities listed on the namesake exchange. Rival ETFs, for instance, load up on Internet stocks and Chinese shares. Some tech ETFs trailed the PowerShares QQQ Trust, which has more than $20 billion in assets.
TheStreet explored technology ETF alternatives with the help of experts Tom Lydon, editor of ETF Trends, and Christian Magoon, CEO of Magoon Capital.
Earnings and Tuesday's midterm elections will affect a number of exchange-traded funds.
By Don Dion, TheStreet
Here are five exchange-traded funds investors should watch this week.
It's sweeps week for the media ETF as a number of firms hailing from the fund's index gear up to announce their quarterly earnings performance. Companies include Sirius XM (SIRI), Time Warner (TWX), News Corp (NWSA), and DIRECTV (DTV).
Technological developments such as the Apple (AAPL) iPad have helped various facets of the media universe expand their reach around the world as consumers increasingly seek out ways to receive constant exposure to both the printed word and visual media.
Time for a walk on the long side with gold and semiconductor funds.
By Jamie Dlugosch, InvestorPlace.com
Exchange-traded funds are the place to be.
This week is shaping up to be a very big week for investors. The election will set the tone, but probably more important will be news from the Federal Reserve.
The second round of quantitative easing is set to begin. Perhaps stocks have rallied in advance of the news, setting the table for a sell-the-news event. Then again, the infusion of new capital in the debt markets could push investors to take more risks in stocks.
Given positive earnings momentum and an easy-money central bank policy, the bias for stocks is upward, even if in the short run stocks may be a bit pricey. Add in a swing to the right politically, and the state is set for more gains.
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Like many companies this winter, the fast-food giant blamed a drop in same-store sales on the weather. But could its problems be bigger than a snowbank?
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[BRIEFING.COM] The major averages began the new trading week on a slightly lower note with small caps leading the weakness. The Russell 2000 shed 0.3% while the S&P 500 slipped less than a point with six sectors ending in the red.
Equity indices began the day in negative territory with only the Nasdaq (-0.04%) making a very brief appearance in the green. After sliding through the first hour of action, the major averages reversed and spent the remainder of the session climbing off ... More
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