The Dow has run up to -- and been turned away from -- 16,000 twice before.
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Desktops aren't a huge part of the company anymore, but sales are still strong.
So it's nice to see Apple rolling out a long-overdue update to its desktop line. The company beefed up its iMacs, adding new processors from Intel (INTC) and new graphics chips.
It will also begin selling a new Mac Pro tower with up to 12 processing cores, MarketWatch reported. And it debuted a new $69 trackpad for desktops that is similar to what's already in the portable MacBooks.
Look past the high prices for potential earnings.
By Louis Navellier, InvestorPlace.com
High-priced stocks are certainly not right for every investor, but for those who are willing to dive into pricey shares, it’s important to know if the risk will be worth the reward. With the right pick, a solid outlook can translate into a high-value investment.
Here are 3 stocks with shares trading well into triple digits that would not surprise anyone with a steady rise in current asking price in the days to come.
In an already confusing year, stocks in these sectors have become too random and inconsistent.
By Jim Cramer, TheStreet
Some segments of this market are too hard to work with. Last night I talked about how tech has become too hard. How could Cirrus Logic (CRUS) and Skyworks (SWKS) be the only two tech plays I follow that hit a 52-week high Monday? They are parts makers, for heaven's sake.
But suddenly they are viewed as total winners because they have parts in Apple (AAPL) products and Apple will need to start a price war to win against Verizon's (VZ) Droid! That was Monday's collective mindset.
The rest of tech was really not so hot -- led, inevitably, by Intel (INTC) and Cisco (CSCO), which do nothing on good and bad days. These are two disappointing stocks that I think are too cheap and doing too well to ignore, but they are ignored daily.
The Copyright Office says it's OK to install unauthorized apps on your iPhone.
"Jailbreaking" is now legal -- on an iPhone, that is.
In what is being called a slap in the face to Apple (AAPL), new government rules are allowing iPhone owners to run applications that haven't received Apple's official blessing.
Apple has frowned on people tweaking their iPhones to allow unapproved apps -- known as "jailbreaking" -- calling it unauthorized modification of its software, according to The Associated Press.
Intel isn't the only star chipmaker. Check out earnings from ASML and Veeco.
I've been waiting to see what ASML Holdings (ASML) competitor Veeco Instruments (VECO) would report Monday. ASML Holdings reported on July 14, the same day as Intel (INTC), and I didn't want to up my target for ASML Holdings simply out of enthusiasm for Intel's performance. (For more on Intel's earnings, see this post.)
Two weeks later, however, Veeco confirmed strength in the chip manufacturing sector.
The company's earnings beat Wall Street projections by 18 cents a share and revenue projections by 8%, and then raised guidance for the third quarter.
Stable US companies are good picks for one notable capital market researcher.
Here are his stock picks and opinions on other assets:
U.S. Stocks. They're "moderately overvalued," Chancellor says. Expected returns will be lower than in the past few years, but they will still be positive. He says he looks for quality stocks with high returns relative to other stocks.
In particular, he likes companies
Investors balk at the increasing costs, but Amazon has a good reason for it.
The company issued disappointing earnings news last week, causing some to speculate that Amazon has dropped the ball at a crucial moment. The stock is on a downtrend, falling about 5% in the last two weeks.
So is Amazon blowing it just as competition from Apple (AAPL) and others gets stronger? "Darling, the wheels just came off," writes the Financial Times. Let's take a look at some of the details:
After a near-death experience, the eurozone economy roars ahead.
Back in May, all hope seemed lost. The global financial market was suffering violent spasms as Greece and Spain looked ready to default on their debts. The euro plunged. Fear spread that austerity measures in Europe would pull the world's largest economy into a new recession, dragging America and the rest of the world down with it.
In that context, on May 26 I wrote a column urging investors to be bold and buy into Europe. The takeaway: A cheaper euro was exactly what Europe needed to regain its competitiveness. And that was sure to push European stocks higher.
The result: My call was within one day of the exact bottom for European stocks. Since May 26, Europe 350 iShares (IEV) is up a whopping 14.5% compared with a 3.5% gain for the S&P 500 over the same period. But what lies ahead? Can the gains continue?
A hedge fund manager in London is buying huge amounts of cocoa -- and driving up prices.
Ward is a hedge fund manager in London, and he's bought up so much cocoa that he has all but cornered the market, The New York Times reports. Some experts say he's sitting on the equivalent of 5 billion chocolate bars.
Ward isn't buying because of a massive sweet tooth. Critics say he's hoarding cocoa to drive up prices -- and already cocoa prices in London are at a 30-year high. That could have an impact on Hershey (HSY) and Kraft (KFT), which now owns Cadbury.
The popular SUV has been redesigned as a more-fuel-efficient crossover to compete with Toyota's Highlander and Honda's Pilot.
Ford (F) has weathered the economic downturn far better than its Detroit counterparts GM and Chrysler, which both slid into bankruptcy in 2009. That's partially because Ford had plenty of cash on hand but also because its leaders realized they had to reinvent their line of cars and trucks to succeed.
The story of Ford’s reinvention is most striking in its current relaunch of one of its most iconic brands, the Explorer SUV. The new stylish, fuel-efficient crossover represents just how far the automaker has come and the vision Ford has for the future.
But the real question is: Will consumers continue to buy into the new Ford? Or will the latest incarnation of the Explorer fall flat as a step backward towards the heyday of sport-utility vehicles? Here are the details:
Investors will be watching the market's reaction to Europe's bank stress tests, along with key earnings in the oil and biotech sectors.
By Don Dion, TheStreet
As the market reacts to the stress tests in Europe and the earnings of key energy and gold mining companies this week, here are six exchange-traded funds to keep an eye on.
This week we'll start to learn how investors interpret the stress tests.
Concurrent with the European stress tests was news that Hungary's debt rating is up for review at Moody's. The country has broken off talks with the International Monetary Fund as the prime minister called for "economic sovereignty."
Investors won't be selling out of US financial stocks to buy up European offerings.
By Jim Cramer, TheStreet
We all know why the stress tests performed on Europe's banks didn't "count." They didn't count, because there is no way the banks in Europe aren't "as bad as" or worse than many of the banks that raised a boatload of equity in the United States.
Is Banco Santander (STD) "better" than JPMorgan (JPM)? Is Banco Bilbao (BBVA) in better shape than BB&T (BBT)? Do we think the big regional banks in the United States weren't better capitalized before raising funds than most of the German or Spanish banks?
It is true that our banks' stocks have had a hard time getting out of the way since they raised the capital, but a lot of that might have to do with the endless series of changes from Washington involving interchange fees, credit card rules and, of course, financial regulation. Anyone listening on any bank call knows that the earnings power of American banks has been severely crimped by the Congress -- at just the time we want banks to be lending.
These stocks maintain payouts despite the market's hard times.
Financial stocks have been in focus after earnings from heavyweights Goldman Sachs (GS), JP Morgan Chase (JPM), Bank of America (BAC) and others. Earnings at these top banks have apparently taken a hit as profits from their trading divisions have lagged.
But investors shouldn’t have to count on the investment arm of a big bank to make money. There are a number of high-yield dividend stocks in the financial sector that offer plenty of payback no matter what the market does.
These are financial stocks with big dividends that have managed to maintain high yields even as other financials have cut or eliminated their payouts in the wake of the financial crisis.
Last week's action was good, but can we call it a rally?
Value Line Index -- Contains 1700 stocks so it's more representative of the market than the narrow S&P 500 or very narrow Dow 30 -- Marked improvement this week but still not a full blown trend
- Index up 5.77% for the week but only up about 1.83% for the last month
- Barchart technical indicators have 6 out of 13 indicators signaling a buy for a 16% overall buy signal
- Barchart Trend Spotter (tm) is still on hold
- Index closed Friday above its 20 and 50 day moving average but is still below its 100 day moving average
- Index closed on Friday at 2400.25 slightly above its 50 day moving average of 2347.37
Big, financially sound companies have been shunned by investors for a while now, making for some exceptional bargains.
Not the sexiest picks to begin with, large, high-quality U.S. stocks are also now coming off a lengthy period of underperformance. That combination of boring and underperforming has led many investors shun the big blue chips in favor of smaller, riskier picks -- and some of the market's top strategists are saying that's created a remarkable buying opportunity.
Take, for example, Jeremy Grantham, GMO's value investing guru. In his latest quarterly letter, released this week, Grantham writes that high-quality blue chips were left behind in the junk rally of 2009 -- and they've continued to underperform this year, as the market has run into problems. "Unlike small caps [which have outperformed in the past couple years], they have been cheap for almost five years and, given the uncertainties around today, this is unusual," Grantham says. He offers some interesting theories on why this is the case, theories that include low interest rates, an aging population, and a push for far more diversification in investor portfolios over the past decade.
Whatever the reasons, Grantham says the shunning of high-quality blue chips means they're big-time bargains. GMO is forecasting that high-quality stocks (which he has defined as firms with high, stable return and low debt) will return 7.3% per year over the next seven years; it sees small-caps gaining a mere 1.1% per year over the same period.
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[BRIEFING.COM] Equity indices settled on their lows following a steady, session-long slide. Similar to yesterday, small-caps paced the retreat as the Russell 2000 fell 1.6%, extending its December loss to 3.6%. The S&P 500 settled lower by 1.1%, widening its month-to-date decline to 1.3%.
There was no specific news catalyst behind today's slide, which had the markings of broad-based profit-taking. Seven of ten sectors settled with losses of 1.0% or more while only two groups ... More
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