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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Worries over US defense budget cuts has created a buying opportunity for long-term investors.
Northrop Grumman (NOC) trades at 1.3 times the company’s book value and 0.5 times sales -- a bargain for a company expected to grow revenues at an average annual rate of 9% over the next few years.
The stock has pulled back by 15 percent this year because of a recently passed deficit-trimming measure that would cut $350 billion from planned national defense spending over the next 10 years.
Some boozy investments can give your portfolio a buzz.
Perhaps the stress of the 2011 "mini bear market" has my nerves a little frayed -- or perhaps it's the celebratory atmosphere here in Dallas on the potential eve of the Texas Rangers' first World Series championship getting the better of me -- but I find myself thinking a little too much about booze these days.
For an investor, this is not necessarily a bad thing. Alcoholic beverage stocks have had a good run, and most have handily beaten the S&P 500 this year.
Bearish investors positioned for complete failure of the EU summit blew it.
First, a proposition. Let's say I was bearish going into the EU drama session last night, meaning that my book was net short, classically meaning that I would make money if the market went down and would expect to lose if it went higher.
Higher crude prices boost the oil producer's earnings, while Procter & Gamble's results meet estimates.
By Andrea Tse, TheStreet
Updated at 9:05 a.m. ET
Oil producer Exxon Mobil (XOM) reported third-quarter earnings of $2.13 a share, beating the average estimate by a penny. Profit rose 41% as higher prices for oil and natural gas compensated for lower production.
Procter & Gamble (PG) posted fiscal-first-quarter earnings of $1.03 a share, in line with estimates, as sales rose 9% to $21.92 billion. Full-year earnings from continuing operations are expected to rise as much as 10% to the range of $4.17 to $4.33 a share. Analysts expect fiscal-year earnings of $4.20 a share on revenue of $87.12 billion.
Despite a stellar quarter, the company saw its share price drop as investors await dividend news.
For more drivers, the answer appears to be yes, judging by the automaker's third quarter report Wednesday.
Ford reported a profit of 46 cents per share on $33.1 billion in revenue, beating analyst expectations of 45 cents per share on $29.86 billion in revenue. The company also increased its estimate for fourth quarter production by about 22,000 units to 1.4 million.
Here are the real facts on foreign oil, the U.S. debt, and buying American.
By Morgan Housel
At a conference in Philadelphia earlier this month, a Wharton professor noted that one of the country's biggest economic problems is a tsunami of misinformation. You can't have a rational debate when facts are so easily supplanted by overreaching statements, broad generalizations, and misconceptions. And if you can't have a rational debate, how does anything important get done? As author William Feather once advised, "Beware of the person who can't be bothered by details." There seems to be no shortage of those people lately.
Here are three misconceptions that need to be put to rest.
Misconception: Most of what Americans spend their money on is made in China.
The fertilizer maker announced a slight miss, but rising prices are helping Yara ride a wave that investors like to see.
Long-term performance is more about common sense. Hence the beauty of the Dogs of the Dow.
By Jim Trippon, Global Profits Alert
There's a history of investor interest in the 30 stocks and their dividends that comprise the Dow Jones Industrial Average ($INDU).
There's even an approach called "Dogs of the Dow," which Michael O'Higgins featured in his book "Beating The Dow." Its relative simplicity struck a chord with many investors.
While the post-earnings fallout at Amazon rivaled that of Netflix, the two companies are nothing alike.
By Jeanine Poggi, TheStreet
Despite a similar after-hours massacre following its third-quarter earnings report and a blurry fourth-quarter outlook that could turn out to be a loss, Amazon's business isn't broken like Netflix's is.
Ford CFO Louis Booth said the company may start paying shareholders a dividend before its credit reaches investment grade.
By Ted Reed, TheStreet
Ford (F) chief financial officer Lewis Booth says the automaker is moving toward paying a dividend.
Previously, Ford had said that it would like to reach investment grade before it paid a dividend.
Apple's new iPhone 4S may have some owners of RIM's phone ready to jump ship, one company says.
Gadget recycling service Gazelle says the number of BlackBerry users looking to ditch their phones has spiked 80% since last week, Cnet reports.
Apple's (AAPL) new phone contributed to the sudden urge to purge. But the recent outage of the BlackBerry email and messaging systems probably didn't help either.
Other software companies have incorporated the slide-to-unlock system, potentially leaving themselves open to lawsuits.
Apple first applied for the patent in 2005 (you can read the patent here), long before the first iPhone was unveiled. The idea is simple: A device with a touch-sensitive display may be unlocked via gestures performed on the touch-sensitive display.
A Fidelity fund manager focuses on the higher-quality side of junk bonds.
Investors have been selling out of junk bonds and junk bond funds based on fears of potential outcomes rather than on known fundamentals.
I'm now recommending Fidelity High Income (SPHIX) to capitalize on this currently unloved and, I think, undervalued portion of the bond market.
Bullish signals from the oil market suggest the economy and stocks may be healthier than thought.
By Tom Aspray, MoneyShow.com
December crude oil futures hit a low of $75 per barrel in early October and closed Tuesday at $93.47. This is a gain of more than 24% through Tuesday's close, while the Spyder Trust (SPY) has gained just over 14% during that time.
More importantly, the December 2011 crude contract is trading above the January 2012 contract. This is the first time this has occurred since November 2008. With crude oil moving into "backwardation" (the nearby contracts are higher than the further-out contracts), it indicates that the market believes demand will be greater than supply going forward. The December contract for 2011 is trading $1.47 above the December 2012 contract.
Investors looking to gain exposure to commodities through exchange-traded funds have a variety of choices.
By Don Dion, TheStreet
Sweeping macroeconomic turmoil and looming market doubts have created a treacherous environment for commodity investors over the past few months. While the risk of an upheaval remains present, as we have seen in recent days, the fog may be lifting on hard assets.
At the start of the week, industrial giant Caterpillar (CAT) injected a welcomed dose of confidence into commodities. The firm noted that its mining branch had been a major contributor to its analyst-beating quarterly earnings numbers.
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These picks continue to gain amidst the seemingly insatiable demand for the nation's top hot drink.
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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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