The Dow has run up to -- and been turned away from -- 16,000 twice before.
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Do you check your phone even before getting out of bed? You're not alone, one study shows.
The phone is the first thing these people touch when they wake up, and the most common activity is checking their Facebook accounts. About 18% of Facebook users log in while their heads are still on the pillow, according to the study by Ericsson ConsumerLab.
Even right after rising from bed, about a quarter of U.S. smartphone users go on to the Internet, and a quarter check their email.
As you'll see from the analysis of these 4 blue-chip bank stocks, the fundamentals in the financial sector are extremely weak.
Google stumbles into netbook market with Chromebook. Big Oil battles the Senate. Comcast turns friends into enemies.
5. Google hits the books
Seemingly unaware of the short, tragic history of the cheap, underpowered mini-notebook category, Google now holds up its breakthrough invention in personal computing: the Chromebook -- a cheap, underpowered mini-notebook with a three-year contract.
The opening of Texas locations and a Dallas distribution center could mean moves as far north as Iowa and as far east as Florida.
Southern California's In-N-Out Burger has officially opened in Texas. And if opening day of the Frisco location is any indication, Ronald McDonald should be shaking in his big red shoes.
Despite gas prices averaging more than $4 a gallon, folks waited as long as three hours in the In-N-Out drive-thru to get a taste of its burgers. Some even ran out of gas and had to have some delivered.
It's all part of what some folks think is a big expansion plan that could bring the burger joint with a cult following to the entire Southern U.S.
Solid earnings from Macy's and Kohl's tell us consumers are thriving. Bet on more of the same from Home Depot, Target and Lowe's next week.
We have weak housing, we have so-so employment, we have stretched balance sheets, and we have higher gasoline prices. Yet the numbers so far, from Kohl's (KSS) and from Macy's (M) -- two you would think would be hit the hardest, because you can easily trade down to dollar stores or Target (TGT) or, yes, Wal-Mart (WMT) -- were superb. There were no holes in them.
Macy's, in particular, was astonishing. You had this incredible nirvana of data: fantastic sales of the higher-end products, truly terrific across-the-board selling of almost all goods except women's apparel (which was just OK) and an amazing reduction of credit balances and bad debts on the credit card side.
Kohl's, similarly, just shot the lights out when it came to profitability. Solid, good numbers. Not the kind that you can put up when things are not so hot.
A change in bank policy sparks new worries about how China views its own economy.
Facebook hires a public-relations firm to wage a stealth campaign against Google's social-networking efforts.
The issue came to light after Facebook hired a well-respected public-relations firm, Burson-Marsteller, to suggest some ugly things about Google to reporters. Burson assigned two of its highest-profile employees to the job: former CNBC reporter Jim Goldman and former political reporter John Mercurio.
Two of them got to work, alerting reporters to Google's "sweeping violations of user privacy." The culprit? Google Social Circle, which builds a network of Gmail users' friends and contacts -- and their friends and contacts. Google culls public sites like Twitter and, yes, Facebook, for the information. You can read more about it here.
This cash cow remains the market leader in routers, switches and other advanced technologies. It also has an amazing balance sheet.
By Adam Stockmeister, Seeking Alpha
Today it sits at a lowly $96.5 billion valuation and is valued as if it were 2009 all over again. Expected margins for 2Q are 61% and FY of 62%. These are much lower than most expected, and the stock price has been unfairly punished. The products that Cisco sells have not changed, and they are going to be around for a long time, with demand staying flat or increasing in the future. I don't generally like a dividend, but I like the $0.24 dividend (paid quarterly) for about a 1.4% yield.
I believe Cisco's future is only looking up from here. Future dilution will likely stop (unless the share price increases 30%) since the average exercising price of the 732 million pending option shares for employees is $21.39, with nearly half of those options exercisable at prices 15% higher than current prices. This is good for outstanding share count as Cisco has approved up to $10B for buybacks on the current program. The company has bought back over $62B in shares in the company's history.
The food giant says it was able to cover a jump in costs for fuel and raw ingredients. With video.
But Kraft Foods (KFT) has managed to navigate those rough waters pretty well. Analysts say it could be the only food company so far this year to successfully raise prices enough to cover costs without sacrificing demand. Kraft's largest brands include Nabisco, Maxwell House and Oscar Mayer.
Kraft "may take the prize as the only (food) company to have offset inflation via pricing" in the first quarter, a Barclays Capital analyst told Dow Jones. "To the extent that pricing can continue to run in line (or slightly ahead) of commodity costs, Kraft should have all the more flexibility to continue to reinvest against its brands and support volume growth."
Wednesday's circus in the oil market will probably lead to further declines in both crude oil and stocks.
Though first-quarter earnings have been solid, there are new concerns that the momentum won't continue.
While job growth, housing and wages have all lagged during the economic recovery to date, corporate earnings have been the bright spot as executives leverage a vast pool of cheap labor, rising global demand and a focus on cost cutting to expand margins and deliver impressive profitability growth despite modest revenue growth.
As a result, corporate profits have pushed to record highs, lighting a fire under the stock market. We've seen this reflected in first-quarter earnings. Of the 443 S&P 500 companies that reported though the week of May 6, 267 beat analyst earnings estimates, 299 beat on sales and 198 beat on both.
That's all well and good. But there is increasing evidence that the profit tailwind is set to subside. And with stock market valuations looking stretched and the economic outlook darkening, this is likely to put added pressure on equities in the months to come. Here's why.
National Presto provides some risk, as well as a tasty hidden payout.
By Anand Chokkavelu, CFA
Now I'm putting my money where my mouth is, buying shares for my real-money Rising Star portfolio.
Why I'm buying
Long story short, National Presto pays out a small, regular dividend each year, equating to a 0.9% dividend yield at today's prices. But counting its special dividend (which increased slightly from the year before), that yield jumps to 7.4%.
The company has a lot of moving parts, and there are definitely risks (which I'll detail below) that could keep it from prolonging its dividend magic, but I like the stock at today's prices -- and I like it even more if the stock falls further.
Some of the biggest names in consumer sales are forgoing traditional e-commerce to push sales directly via their Facebook accounts.
That's the mind-set of some of the biggest names in retail, anyway, as more and more merchants move away from traditional e-commerce websites and integrate sales directly into their Facebook accounts.
Is this just a craze, or could social media wind up killing traditional online retail sites as we know them?
A unique 'rental' plan providing Chrome computers to students could help fend off the iPad craze.
There's no doubt Apple (AAPL) and its runaway success with the iPad are taking a bite out of the laptop market. But for some folks, the flash of a tablet isn't worth the expense, and the comfortable old click of a keyboard is just plain faster for writing longer documents.
That's why Apple's Silicon Valley competitor Google (GOOG) is pushing forward with an ambitious plan to offer ultra-cheap laptops using its Chrome operating system. The gadgets go on sale for as little as $349.
But the real sales potential, according to a rumor first reported by Forbes, is that the Chrome laptop -- complete with Internet access can -- be "rented" for just $20 a month.
The People's Bank may raise interest rates at least twice more this year.
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Soda sales are taking a hit in North America and the company is looking to uphold its strong performance in the snacks business.
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[BRIEFING.COM] With one hour remaining in today's session, the major averages continue hovering near their lows. Participants received two economic reports today, but neither the weekly MBA Mortgage Index (+1.0%) nor the November Treasury Budget (-$135.20 billion) is known for moving the market.
Tomorrow's data should carry a bit more of trading impact with weekly initial claims and November retail sales set to be reported at 8:30 ET. In addition, October business inventories, which ... More
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