Some 80% of the vehicles built south of the border are exported to other countries, mostly to the US.
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Will the athletic retailer beat year-over-year expectations?
Global athletic apparel retailer Nike (NKE) continued strong operational momentum in its fiscal second quarter, reporting profit of $469 million, or $1 per share, up from $457 million, or 94 cents a share, in last year's second quarter.
The results beat Wall Street analyst estimates of 97 cents a share. The company cited strong consumer demand, expense leverage and a lower average share count in driving the strong results.
High-end products are still selling well despite economic uncertainty.
CNBC reports luxury goods targeted to wealthy shoppers are selling briskly. The percentage of the population that apparently has shrugged off any recession is buying enough Christian Louboutins for all of us. The average transaction amount, by the way, at Christian Louboutin's Dallas store is just over $1,108.
Researchers at the company see a day when passwords are irrelevant and devices read your mind.
Those are the latest guesses from the brains at IBM (IBM). Researchers there make annual predictions for what technology will be like in five years. Most of those predictions have something to do with IBM's products, of course, but the list is still interesting.
Here's what IBM sees for 2016:
As the movie rental company rebuilds its image, keeping prices stable will be critical.
We estimate that about 60% of Netflix's value is going to come from its domestic streaming business and about 25% from international streaming. The US DVD business accounts for the remaining 15% of our total price estimate for Netflix.
Our estimates assume that although competition from companies such as Amazon (AMZN) and Blockbuster under Dish Network (DISH) will increase and that new competitors might emerge, Netflix will be able to leverage its lead, repair its brand and continue to gain new subscribers.
Major drugmakers are jumping into the potentially lucrative business of treating canine influenza.
Many dog owners aren't aware of the dog flu. Experts say it's a relatively new phenomenon. But after apparently spreading from horses in 2004, dog flu has popped up in 38 states, according to Merck (MRK). Dog flu does not transmit to people.
The region is seen as one of the last remaining frontiers for large oil finds.
Kurdistan is believed to hold around 40 billion barrels of oil, and the Kurdish Regional Government's (KRG) willingness to negotiate lucrative production-sharing contracts is attracting large companies to start exploration there. Competing oil giant Chevron (CVX) is also rumored to be in negotiations with the KRG to begin operations in the future.
Despite doubling in recent years, shares are a bargain by many metrics.
Apple (AAPL) stock is cheap from nearly every angle. At 13.5 times trailing earnings, Apple hasn’t been this inexpensive in at least a decade.
The shares are trading 48% below their five-year average price-to-earnings ratio. Shares also trade below ﬁve-year averages for price to sales (17% discount), enterprise ratio (34% discount), price to operating cash ﬂow (62% discount), and price to book value (29% discount).
BofA technical analyst doesn't put much hope in a Santa Claus rally.
Mary Ann Bartels, head of technical analysis at Bank of America Merrill Lynch, warned investors Monday that the Standard & Poor’s 500 index fell below its 50-day moving average last week and is now about to start testing the lows last seen in October, around 1,074 to 1,100.
Bertels gives even odds that those levels might not hold either, and that the S&P 500 might fall further, potentially dipping as low as 935 to 985. The index lost 1.2% on Monday to close at 1,205.35, but Bartels' forecast lows would mean a drop of another 22.5%.
Higher commodity costs are only part of the problem.
Though higher commodity prices are being blamed, there is another less well-known reason: People are eating less cereal.
Though nutritionists have said for years that breakfast is the most important meal of the day, it is also the most rushed. Research from the NPD Group shows that the average American spends about 13 minutes each day preparing and consuming breakfast.
Nevada attorney general accuses the company of document fraud and illegal fee-splitting. Shares are likely to continue to decline.
By: Abigail Field
The shares of Lender Processing Services (LPS) came under fire Friday, dropping nearly 20% on unusually high volume after Nevada Attorney General Catherine Cortez Masto filed fraud charges against the company.
Although LPS, a billion dollar company by market capitalization, has several business lines, the fraud charges relate to its largest (by revenue) default services division. Given the nature of the charges and the mound of evidence AG Masto cites in the complaint, Friday’s fall in share price is likely only the beginning.
The 2011 flop was overdone, so buy CAT for the New Year.
By Dan Burrows, CBS MoneyWatch columnist
After nearly quintupling from the bear-market bottom of 2009, shares in Caterpillar (CAT) have had a lousy run in 2011. That's great news for investors looking to build a position in this high-quality stock on the cheap.
Caterpillar is the world's largest maker of construction and mining equipment, and it's trading at bargain-basement levels with fears of a global economic slowdown more than baked into its share price.
Eli Lilly is initiated with a 'sell,' while Cablevision is downgraded to 'neutral.'
Tuesday's noteworthy upgrades include:
- F5 Networks (FFIV) upgraded to Outperform from Perform at Oppenheimer
- KLA-Tencor (KLAC) upgraded to Overweight from Neutral at JP Morgan
- Edwards Lifesciences (EW) upgraded to Top Pick from Outperform at RBC Capital
- OGE Energy (OGE) upgraded to Buy from Hold at Jefferies
- Life Technologies (LIFE) upgraded to Buy from Hold at Maxim
This low-priced telecom stock could be set to outperform Wall Street's expectations.
While I wouldn't yet call Alcatel-Lucent (ALU) a "value" play, my outlook for the company has improved and I think in the mid one dollar range it merits consideration as a speculative investment.
The price of ALU has declined for several reasons. While ALU has reported earnings above the consensus of the covering analysts during the first three quarters of 2011, it has done so while reporting revenues below the consensus estimates.
We need some real signs that the Europe situation is under control.
Ah, so it's German business confidence that holds the key. That's how we can rally so convincingly. It took only one good confidence number, as well as a Spanish bond auction that wasn't a disaster, and all is well again with the CurrencyShares Euro Trust (FXE) above 130 and the European stock markets rallying with alacrity.
Oh, if only it were that simple. If only it were like the old days, with a garden-variety recession and a chance that we could come out of it with a couple of good indicators. Unfortunately, it isn't.
With the youngest fleet of offshore supply vessels, this firm is seeing growing demand for its services.
By the middle of this decade, oil drawn from the seabed more than 2,000 feet beneath the ocean’s surface will double in volume compared to 2010 levels.
Hornbeck Offshore Services (HOS) provides technologically sophisticated offshore supply vessels (OSVs) and transport vessels for the oil and gas industry. It has the youngest ﬂeet of OSVs in the industry, and its ships are designed from scratch.
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[BRIEFING.COM] The stock market ended the midweek session on a mixed note. Blue chip listings bolstered the Dow Jones Industrial Average (+0.4%) and S&P 500 (+0.3%), while the Russell 2000 (-0.4%) and Nasdaq Composite (-0.02%) underperformed.
Equity indices began the day in the red, but wasted no time regaining their flat lines. Small-cap stocks were not as fortunate as the Russell 2000 spent the day in the red.
Upon returning into positive territory, the key indices were ... More
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