Get ready for a flood of IPOs
Flood of IPOs land this week

If everything goes as planned, this week will be the busiest for initial public offerings since 2000.

VIDEO ON MSN MONEY

While we should be more concerned with Friday's employment figures, the weak dollar and strong euro are still driving this market.

By Jim Cramer May 9, 2011 9:08AM

jim cramer of thestreetthe streetOuch! The charts of the oils and the industrials look like they are hanging by a thread. The drugs and the utilities, meanwhile, are so overextended that it’s painful to look at them! That was my feeling after scanning the chart book while the oil futures sprung back to life in the early Monday morning hours.

 

It's a tough moment for the charts of many of the industrials and their derivative commodity plays. But if this is the rolling bull market that we have seen forever, then you want to bet that the correction in the oils and industrials might be nearing its conclusion -- they are so instant -- and that the drugs, the utilities and the like must be sold.

 

Every weekend when I look at these charts I am always amazed at how the worst of the previous week or two becomes the best. I think it could happen again this week, too. The rotations are that swift and seem to catch so many people unaware. So, what do we watch?

 

The central bank and the people who run it may not not perfect, but that doesn't mean they're evil.

By InvestorPlace May 9, 2011 5:59AM
By Jeff Reeves, editor of InvestorPlace.com

 

jeff reevesinvestorplaceMisinformation about the Federal Reserve abounds these days. And that misinformation cuts both ways. For every conspiracy theorist who labels the central bank and its chairman Ben Bernanke as the root of all economic evils, there is a brainwashed Fed defender who just doesn't get it.

 

I don't pretend to be impartial when it comes to the Federal Reserve. I have my list of personal gripes with its policies. But there's one question at the core of most Federal Reserve criticism that spawns nearly all others: Is the Fed evil?

 

It's important to note that whether or not the Fed makes mistakes isn't the core issue here. The central bank has the potential to harm the economy with its policies, and sometimes it does. That is an indictment not of the institution itself but of the human beings at the helm.

 

The long-term trend for stocks is positive, but that outlook could change for some sectors if Friday's bounce doesn't find some momentum early next week.

By MoneyShow.com May 6, 2011 7:29PM
By Tom Aspray, MoneyShow.com

What a way to start off a month! It certainly was a memorable week in the markets.

The post-mortem analysis is likely to continue this week—but whether the markets continue to rebound or not, last week’s action certainly took some of the weak speculators out of the market.

The multiple hikes of margins on silver by the CME Group finally reached the tipping point last week, as silver (and most of the other commodities) crashed. Earlier in the year, a margin hike in crude also caused a sharp drop.

As I noted Thursday, it is my view that commodity correction should end this summer, providing a buying opportunity into a positive long-term trend.

The rush to close out too-expensive or too-risky commodity positions spilled over to the stock market by mid-week. But this was healthy for the intermediate-term trend.

Last week I even recommended a cautious approach, as the sentiment was a bit too bullish. It should have come down this week, but there are still too many bullish newsletter writers for my liking. Many individual investors are likely to stay out of the market after this week.
 
Tags: goldoil

With only one major patent loss ahead, Merck has potential for relatively modest good performance.

By Jim J. Jubak May 6, 2011 6:44PM
Jim JubakIt was a small milestone, but an important one: On Apr. 29, Merck (MRK) reported that first-quarter revenue increased by 1% from the first quarter of 2010, as increased sales from new products offset losses to generic competition.

Yes, Merck has finally worked its way through many of the patent expirations that have killed sales, as the company’s best-selling drugs lost market share to new, cheaper generics. The company now faces just one major patent loss in the next five years: the 2012 expiration of Singulair.

And for the first time in ages, this year Merck looks likely to launch more new drugs than it loses to patent expiration and generic competition: Boceprevir for hepatitis C (On Apr. 27, an FDA panel voted 18-0 for approval), and Saflutan for ophthalmic treatment.

I’m not talking about a company that’s about to tear up the track. Merck did indeed raise its guidance for 2011 when it reported on April 29, but it only raised its projection of 2011 earnings to between $3.66 and $3.76, from a prior range of $3.64 to $3.76.
 

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.

 

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

124
124 rated 1
267
267 rated 2
467
467 rated 3
605
605 rated 4
645
645 rated 5
691
691 rated 6
617
617 rated 7
459
459 rated 8
313
313 rated 9
130
130 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
AAPLAPPLE Inc10
ATVIACTIVISION BLIZZARD Inc10
BIDUBAIDU Inc10
BXTHE BLACKSTONE GROUP L.P10
CELGCELGENE CORP10
More

Trending NOW

What’s this?

RECENT QUOTES

WATCHLIST

Symbol
Last
Change
Shares
Quotes delayed at least 15 min

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.

MARKET UPDATE

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
Market index data delayed by 15 minutes

[BRIEFING.COM] The stock market ended the Tuesday session on a lower note after generally upbeat earnings took the back seat to geopolitical concerns. The S&P 500 (-0.5%) and Nasdaq Composite (-0.1%) ended on their lows, while the Russell 2000 (+0.3%) displayed relative strength.

Once again, market participants were focused on quarterly reports in the early going, but geopolitical worries overshadowed the impact of mostly better than expected earnings. Specifically, equities ... More


Currencies

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.