8 reasons the market isn't worse
8 reasons the market isn't worse

Stocks should be crushed by global turmoil, Jim Cramer says. Instead, they're doing fine.


After leading BMW and Mercedes in the US since 2000, Lexus is headed for third place this year, analysts say.

By Kim Peterson May 6, 2011 4:09PM
The earthquake and tsunami in Japan have impacted Lexus so profoundly that the luxury carmaker could lose its lead in the U.S. for the first time in a decade, Bloomberg reports.

So far this year, Lexus has trailed BMW and Mercedes after winning the luxury brand category since 2000. Lexus makes all but one model in Japan, and the earthquake has cut production by half. Lexus is owned by Toyota Motor (TM).

Post continues after this post about Toyota's troubles, including its Lexus unit: 

One website reports that Apple could dump Intel chips for those from ARM Holdings by 2013.

By Kim Peterson May 6, 2011 3:23PM
It's just a rumor -- and one from a site called "SemiAccurate" to boot -- but it's enough to boost shares of ARM Holdings (ARMH) 6% today and knock Intel (INTC) shares by nearly 2%.

SemiAccurate says Apple (AAPL) is going to boot Intel as a chip partner for its laptop line and move to ARM-designed chips around the middle of 2013. "So short story, x86 is history on Apple laptops, or will be in 2-3 years," writes Charlie Demerjian. "In any case, it is a done deal, Intel is out, and Apple chips are in."

Some tech observers say the idea makes sense. Apple's iOS operating system rules the roost at the company, and that already runs on ARM, writes Larry Dignan at ZDNet. Apple already bought ARM chip maker P.A. Semi in 2008 and ARM core experts Intrinsity soon after. (ARM designs chips, and then licenses those designs to other companies that make them.)

Post continues after this analysis of ARM Holdings and the stock: 

The top bosses at the nation's largest companies are getting paid more than they were in 2007. Cash bonuses are also increasing.

By Kim Peterson May 6, 2011 1:54PM
Image: CEO (© Roy McMahon/Corbis)The chief executive of CBS (CBS) was paid nearly $57 million last year. The head of Occidental Petroleum (OXY) made $76 million. And the top boss at Comcast (CMCSA) took home $31 million.

The recession has clearly faded into ancient history for executives at the largest public companies, who are getting paid more now than in 2007, The Associated Press reports. Using data from a compensation research firm, AP has gathered a list of last year's 50 highest-paid CEOs.

Seven chief executives took home more than $30 million, including salary, perks, bonuses, stock options and other factors. Viacom (VIA) head Philippe Dauman topped the list, with $84.5 million in compensation -- a 149% gain from the year before. Viacom's stock did well last year, rising 46% to end December at an adjusted close of $45.72. Viacom owns MTV, Nickelodeon and Paramount Pictures. 

Some of these smaller US companies have seen their share prices more than double this year. With video.

By TheStreet Staff May 6, 2011 12:13PM

By Jake Lynch, TheStreet


The Russell 2000, the closely followed U.S. small-cap benchmark, reached an all-time high Monday, passing a previous peak reached in 2007.


While earnings at small-cap companies, typically defined as those with a market value of less than $3 billion, have impressed investors in 2011, the economy is showing signs of weakness. Still, the following five small-cap stocks have delivered enormous gains this year, rising between 82% and 126%. Here is a closer look at these high-flying red chips. Some may offer further growth potential in the months ahead.


5. TeleNav (TNAV) offers location-based services, including voice-guided navigation on mobile phones and automobiles. It offers its service through wireless telecom carriers, including Sprint (S) and AT&T (T). The company swung to an adjusted fiscal third-quarter profit of 11 cents a share, exceeding researchers' estimate for a 12 cent loss. Average monthly paid subscriptions increased 15%, sequentially, to more than 22 million. A switch in revenue recognition with partner Ford (F) allowed TeleNav to book $6.6 million of additional revenue during the quarter. Net sales increased 33% during the quarter, beating researchers' consensus expectation by an impressive 5.6%.


Investors have run for the exits this week, and with many major averages near critical support levels, we review two sectors that could determine the path of the overall markets in the weeks ahead.

By MoneyShow.com May 6, 2011 11:54AM
By Tom Aspray, MoneyShow.com

Monday’s muted reaction to the demise of Osama Bin Laden and the weak close set the tone for the week, and things got really ugly on Thursday. 

A week ago, the bullish sentiment seemed a bit too high when I wrote “Bulls Running—Don’t Get Trampled,” but I certainly did not expect the degree of selling that has occurred in some of the markets this week.

A more cautious approach was recommended, as I wrote “investors should adopt a more risk-adverse buying strategy, take some profits on longs when prices are moving higher, and be sure that protective stops are adjusted as prices move up.”

I certainly hope that those long the iShares Silver Trust (SLV) had their stops in place, as it is down 30% from last week’s highs.

Though there seems to be considerable debate about the cause of the slide, to me, that is less important than what it means to the markets from a technical standpoint. The degree of volatility in the metals and oil is not an encouraging sign for the stock markets, as many of the averages have reached critical support levels.

Of course, the market had been anticipating—or dreading—the monthly jobs report, as employment numbers earlier in the week were blamed by some for the markets decline. I think a weak jobs number may already be factored into the markets given Thursday’s drop, as more important support has been reached.

Of course, the better-than-expected jobs number could turn the market around. Today, I want to focus on two sectors that may determine the path for stocks in the coming weeks.

Some companies in the 2 nations appear to meet the Oracle's criteria for attractive acquisition targets.

By TheStreet Staff May 6, 2011 11:52AM

By Don Dion, TheStreet


Although he has traditionally focused his attention on opportunities based in the U.S., Warren Buffett appears more than willing to make deals in other corners of the global marketplace as well. In recent months, the investor has spent time traveling abroad to countries including India and South Korea. Reportedly, a major goal of these trips has been to identify large acquisition targets.


This week, Bloomberg pointed out a handful of companies from Brazil and China that appear to meet Buffett's criteria for attractive acquisition targets. Listed among the names are firms including Marcopolo, the largest bus maker in Brazil, and Chinese construction company Lonking.


One common quality seen across these and many of the other companies highlighted by Bloomberg is their focus on the domestic populations of these popular emerging markets. As the economies of Brazil and China continue to grow and expand, the consumers from these nations have become increasingly popular targets for investors.


Sony gets hacked. Cisco restructures again. Federal appeals court rules against whistle-blowers.

By TheStreet Staff May 6, 2011 10:43AM

TheStreetHere is this week's roundup of the dumbest actions on Wall Street.


5. Sony makes world safe for hackers


For the hackers who haven't figured it out yet, Sony's (SNE) online security code is up, up, down, down, left, right, left, right, triangle, X, start.


We're joking, of course. (Or maybe we're not...?) Regardless, Sony's sure making it look like it's as easy to get a PlayStation 3 user's credit card number and other personal information as it was to get extra lives in Contra about 25 years ago.


If the news stays good and the markets continue to go down, there will be stock bargains galore.

By Jim Cramer May 6, 2011 8:38AM

the streetjim cramerSo much good happened Thursday we should have been up, not down.


Think about it: We had the possibility of a 10% cut in the price of gasoline; we had one of the most important central banks decide that raising rates again is suicidal; we had General Motors (GM) in a position to pay back the United States within a couple of quarters; AIG (AIG) in a similar position, despite the big loss last night.


We also have the makings of a budget deal that could keep a debt ceiling crisis from happening. We had a major break in the froth, the silver speculation. We had better-than-expected sales from so many retailers. We had a huge decline in mortgage rates that could bring on a level of stability and affordability in housing.


And the one dark spot, a weekly jobless claims number, may not be that daunting given that the Federal Reserve  has said it will still use any means necessary to make sure things get better.


Renren, thought of as the 'Chinese Facebook,' soars in its opening but fell more than 6% the next trading day.

By Jim J. Jubak May 5, 2011 10:23PM
Jim JubakThe May 4 initial public offering of Renren (RENN), dubbed the "Chinese Facebook," shot out of the gate.

The shares, priced at $14, climbed to $18.01 at the close, a 29% gain. At the initial $14 offering price, Renren was valued at 72 times last year's revenue. Shares closed Thursday at $16.87.

Facebook -- or should I say the "American Renren"? -- isn’t yet public, but a Goldman Sachs (GS) investment in the company recently valued it at 25 times sales.

Once you’ve gotten over marveling at this valuation -- not bad for a company that had to revise its IPO prospectus (it had inflated the number of active monthly users it added in the first quarter to 7 million, when the total was actually 5 million) -- take a look at what the Renren offering did to the rest of China’s Internet sector: It sent their stock prices tumbling.

Wall Street scrambles as the greenback ends its long, multi-month decline.

By Anthony Mirhaydari May 5, 2011 3:42PM

After spending a week mired in a tight sideways channel, the U.S. dollar blasted higher against the euro Thursday in a big way-- sending shockwaves through the financial system. You see, the dollar isn't just what we use to buy our morning coffee. It's status as the world's de facto reserve currency means its undulations has far reaching impacts from the price of commodities like crude oil to the level of interest rates.


Lately, as I've discussed in my recent columns and blog posts, the dollar's sustained and persistent decline has big increases in dollar-sensitive assets like silver and crude oil -- increases which now threaten our fragile recovery.


All of this is changing now. The catalyst: A less "hawkish" European Central Bank and a stready stream of weak economic data. Hedge fund types are scrambling to exit anti-dollar "carry" trades. For consumers, this is great news. And it can be great news for investors too. Here's how the play the dollar's bounce.


With crude prices down considerably, investors wonder wheter the industry has played out.

By TheStreet Staff May 5, 2011 12:55PM

Image: Oil drilling platform (© Scott Gibson/Corbis)By Jonas Elmerraji, Stockpickr


With most markets looking wishy-washy this week, it's time to take a technical look at what's going on with the biggest-name stocks on Wall Street.


Technical analysis is used every day by proprietary trading floors, the Street's biggest financial firms and individual investors to get an edge on the market. And according to some sources, skilled technical traders can bank gains as much as 90% of the time.


Every week, we take an in-depth look at large-cap stocks that are telling important technical stories. This week, we're focusing on oil.


Internet calling wasn't a good fit at eBay, but Google or Facebook might find a way to make it work.

By TheStreet Staff May 5, 2011 12:21PM

By Scott Moritz, TheStreet


Skype's delayed journey toward an IPO has attracted interest from Facebook and Google (GOOG) as possible acquirers.


Facebook founder Mark Zuckerberg has discussed a takeover of the Luxembourg-based Net calling service, according to a Reuters report that hit late Wednesday. The story also says that Google has explored a joint venture deal with Skype.


Last month, Skype filed for a public stock offering, but a shakeup of top management caused the company postpone its IPO. With a little more time to consider its options in a shaky equities market, it's not too surprising to see some big players kicking Skype's tires.


Head to the sidelines and wait for a further stock drop -- or for the company to make production progress.

By Jim J. Jubak May 5, 2011 11:18AM
Jim JubakI think it’s a good time to give shares of Thompson Creek Metals (TC) a rest. Say, a three- to six-month rest.

So today, I’m selling Thompson Creek Metals out of my Jubak’s Picks portfolio.

The market seems to be rotating away from commodities and materials stocks, as fears about an economic slowdown in the United States, China, Brazil, India, or the economy of your choice move to the fore.

I don’t think the bottom is about to fall out of the sector as it did in 2008, but I do think it will be hard for stocks in this sector to move up significantly against this tide. A month or two back, it seemed like it would be time to look for a bottom in a commodity such as copper in July or so.

Since assets topped $1 trillion at the start of 2011, the selection has continued to grow.

By TheStreet Staff May 5, 2011 11:01AM

Image: ETF investor (© Tom Grill/Corbis)By Don Dion, TheStreet


As evidenced by the National Stock Exchange's monthly fund-flow data, April proved popular for ETF investors. Since ETF assets initially broke through the $1 trillion mark at the start of 2011, the universe has continued to grow at an impressive stride. At the close of April, total assets stood near $1.12 trillion.


Additionally, the industry welcomed 23 new funds. This lifted the total product count to 1,030.


On top of market appreciation, strong investor inflows played a major role in boosting assets. During the opening weeks of the second quarter, the ETFs saw net inflows totaling more than $21 million. This represents the largest single-month inflow of the year.


The sector has emerged as a leader, and an impending pullback should present a golden buying opportunity.

By MoneyShow.com May 5, 2011 10:58AM
By Tom Aspray, MoneyShow.com

With stocks under pressure this week, there has been increased interest in consumer staples, and Ralcorp’s (RAH) rejection of ConAgra Foods’ (CAG) bid has stoked the fires.

The disappointing ADP jobs report on Wednesday has renewed concerns over the economic recovery, and the focus on Friday’s monthly employment report is now even more intense. If the economy does soften or the recovery stalls, the goods that consumer staples companies sell should remain on the must-have list.

This quarter, the Select Sector SPDR - Consumer Staples (XLP) is up 5.6% versus 1.6% for the S&P 500. The technical action of XLP suggests that a pullback is likely in the next few weeks.

The major breakouts in some of the big-name consumer staples stocks should allow for some excellent opportunities to buy on a pullback.

There is one in particular that I want to bring to your attention, and I will also update the stocks featured recently in “7 Ways to Profit from Consumer Staples.”


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[BRIEFING.COM] The stock market capped the trading week with losses across the major averages. The S&P 500 fell 0.5% to surrender its weekly gain, while the Dow Jones Industrial Average (-0.7%) and Russell 2000 (-0.9%) underperformed. The two indices posted respective losses of 0.8% and 0.6% for the week.

Equity indices were pressured from the get-go after several heavyweights disappointed the market with their earnings and/or guidance, which led to some broader profit-taking. After ... More


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