Stocks have rallied 177%, and while calling a top is the easiest thing to do, it might not be the most accurate, Cramer says.
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The fast-food giant slims down the fries and promises to add a fruit or vegetable to all Happy Meals by April.
The fast-food chain gave in to pressure from advocacy groups Tuesday, promising to add a fruit or vegetable to Happy Meals nationwide by April. The chain also said it will downsize the fries included in the meals.
McDonald's was even willing to go as far as removing fries altogether from Happy Meals, but customers didn't like that option, The Los Angeles Times reports. So the company is slimming down its fry holders to contain just 1.1 ounces of potatoes (down from 2.4 ounces).
McDonald's currently offers Happy Meal customers the option of fries or apple slices (though only 11% of customers choose apples). The new Happy Meals, which start rolling out in September, will automatically include both apples and the smaller pack of fries.
Republicans and Democrats unveil strikingly similar proposals. The difference is in the timing.
But in reality, the two sides aren't that far apart. Just take a look at the two proposals, which have more in common than you'd think.
These funds have outperformed their bullion counterparts in the past month.
By Don Dion, TheStreet
Gold in particular has generated mass appeal as prices top $1,600 per ounce, sitting at all-time highs.
With this rise, investors may be tempted to dive headlong into physically backed ETFs like iShares Gold Trust (IAU) or SPDR Gold Shares (GLD). However, I encourage investors to keep an eye on other gold-related exchange-traded products as well.
The world faces a long-term scarcity as China and India build new nuclear plants, and major buying opportunities may emerge for shares of some beaten-down producers.
The retail giant pushes its streaming service as Netflix shares plunge 10% on disappointing earnings and a backlash against a price increase.
By Jeanine Poggi, TheStreet
The retail behemoth on Tuesday began streaming many movies the same day they come out on DVD through its Vudu service. Wal-Mart purchased Vudu last year and currently offers 20,000 titles on the site. Users can watch movies with Internet access and via devices like Sony’s (SNE) PlayStation 3 and Blu-ray players.
Movies cost between $1 and $5.99 to rent and can be purchased for $4.99 and up. Vudu does not offer a subscription option, making it a bit different from Netflix.
Tune out the president's scare tactics and instead focus on earnings season.
Interest rates skyrocketing? Mortgage costs going through the roof? Can't afford to send your kid to college? Did the president really imply last night that all of these horrors await us if we don't pass a debt ceiling deal, we default and the ratings agencies downgrade us?
Actually, he didn't imply it, he straight out said it. Now, we don't know what will actually happen to the dollar or interest rates if -- and now likely when -- we don't pass the new ceiling. But whatever happens will be short-lived, and I was pretty shocked that the president went so "scare tactic" on this issue last night.
Sure, rates could go up a bit and the dollar go down a tad, but I simply don't regard this issue as anything other than one more we will muddle through like we have all of the other times since 1776.
The company says its four busiest stores are now in China. Demand is so high that fake stores are now springing up.
The company's two stores in Shanghai are so packed that Apple is planning another one, plus dozens more throughout the country, The New York Times reports. Even in a country filled with cheap electronic knock-offs, people are willing to pay a pretty penny for iPads, MacBooks and iPhones.
The four busiest Apple stores in the world are in Beijing and Shanghai, the Times reports. They also generate the highest sales. It's very hard to successfully introduce a global brand to China; Google (GOOG) and countless others have failed.
But Apple makes it look easy.
The company had a great quarter, with revenue up 50%. There are other positives to this stock, too.
- Sales grew from last year’s levels. Sales of copper climbed to 1 billion pounds (from 914 million in the second quarter of 2010), molybdenum to 21 million pounds (from 16 million), and gold to 356,000 ounces (from 298,000).
- Cash costs fell, with net cash costs for copper, for example, dropping to 93 cents a pound from 97 cents a pound in the second quarter of 2010.
There's no reason to impose a limit that can be lifted willy-nilly while potentially sending the US into default.
Surowiecki makes a very good case for abolishing the debt ceiling. It was adopted in 1917 to stop U.S. presidents from borrowing and spending money without congressional oversight. And while some Republicans like to say that President Barack Obama is on a similar spending binge, that simply isn't true: Since 1974, the government's taxing and spending have been spelled out pretty specifically in the budget resolution each Congress passes.
The irony here, Surowiecki writes, is that Obama will be less accountable to Congress if the ceiling isn't raised. That's because he alone will decide which bills get paid and which don't. Congress has no authority here.
Research In Motion is the latest company to announce big job cuts, signaling a trend that could further damage the economic recovery.
RIM isn't the only one wielding the ax this summer. Cisco Systems (CSCO) recently announced job cuts of 6,500, rocking a tech sector that had been relatively stable in the recession. Lockheed Martin (LMT) also wants to cut 6,500. Borders is liquidating and laying off thousands of employees in the process.
Each of those layoff announcements is devastating for the families involved. Put them together, and we're starting to see a return of sweeping job cuts that could further erode the fragile economy.
The company's quiet period is over, and analysts have a wide-ranging view of the streaming-music provider.
By Robert Holmes, TheStreet
The quiet period for Pandora ended Monday after the company went public last month, prompting positive research notes from underwriters of Pandora's initial public offering that were unable to initiate research coverage on the stock.
As standard operating procedure apparently dictates, several underwriters of the deal initiated Pandora's stock with buy ratings, saying the stock could trade anywhere between 22% and 38% higher from Friday's closing price.
This could be a solution to hedging your risk in the world's fastest-growing and second-largest economy.
By Tim Hanson
It's well-known that there have been Chinese public companies trading in Canada, the United States and Hong Kong that have either been alleged or proved to be misrepresenting themselves to investors in some capacity. Interestingly, little to no fraud has been exposed at Chinese public companies trading in China. This is one of those statistical anomalies that must have some "Freakonomics"-esque explanation.
Is it because China is exporting only its bad companies and keeping the good ones for itself? That seems unlikely when you remember that China very much wants to put on a good face for the world and that the business practices being called into question by foreign investors are widespread across China.
Is it because Chinese investors aren't doing due diligence on Chinese companies? Probably not, as a variety of pensions and mutual funds, as well as 150 million individual investors, are all buying shares of Chinese companies.
Technical indicators suggest recent tech-sector strength can continue. Look for favorable entry points in an ETF and several strong stocks.
A failure to reach an agreement on the debt ceiling by Aug. 2 wouldn't have to result in a default on US bonds. But how would traders react?
By Peter Morici, TheStreet
Be clear, the U.S. doesn't have to default on its bonds. After Aug. 2, it still will collect taxes and other revenue exceeding $180 billion per month, and interest payments on the national debt eat up less than $30 billion.
If the Treasury prioritizes expenditures -- as the state of Minnesota did during its recent shutdown -- it could pay interest on bonds, roll over bonds coming due and pay Social Security recipients and many other obligations. But it would be late to many vendors until the debt ceiling was raised or new sources of cash were found.
The U.S. would not be insolvent but, rather, would be in a political crisis.
Fund managers disagree about the stock's prospects following rate hakes that have agitated customers.
By Robert Holmes, TheStreet
When chit chat over a poker game last week turned to Netflix's (NLFX) decision to raise prices for its DVD-delivery and Internet-streaming services, Darren Chervitz, director of research for Jacob Asset Management, became very nervous.
Everyone at the table planned to change part of their subscription to Netflix's service, Chervitz says. Some planned to drop delivery of DVDs and Blu-Ray discs, while others complained that the quality of the streaming content wasn't worth the increased price. As his firm is an investor in Netflix, it was not what Chervitz wanted to hear.
"Anecdotally, it's got me worried," Chervitz says. "This is a pretty significant change. Are they really going to be able to make this stick? The stock is expensive right now, so a misstep will not be taken lightly by the Street."
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The solid report comes a month after the retailer closed all of its Canadian operations.
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