The Dow has run up to -- and been turned away from -- 16,000 twice before.
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A handful of penny stocks, including Zanett and Dearborn Bancorp, are seeing big gains this year.
By Robert Holmes, TheStreet
The Great Recession produced a slew of penny stocks for speculative investors as many stock prices fell below $3 during the throes of the bear market.
For some penny stocks, the returns have been massive during the first six months of the year.
Here are the top five penny stocks of 2010, ranked by total returns. Here’s what may be in store for investors in those companies for the remainder of the year.
ABC News reports that the company's Jersey City office building has been sprayed to get rid of the bloodsuckers.
Employees at the company's new 42-story office tower in Jersey City, N.J., were ordered out of the building last month as bedbug-sniffing dogs and exterminators came in to spray for the critters, ABC News reported, citing sources at the company.
"We're always focused on our facilities and there are no issues," a Goldman Sachs spokeswoman told ABCNews.com in a statement. She did not comment as to whether the building had been treated for a bedbug infestation.
There are many reasons this market feels so tenuous.
By Jim Cramer, TheStreet
It's part oil spill. Part stock market's worst May in 40 years. Part "flash crash." Part no increase in hiring. Part hangover from April's strong showing. Part end of the housing tax credit. Part European unraveling.
That's what I come up with when I puzzle -- now endlessly -- on how May was such a weak month in this country, and how the market is still struggling to recover in June.
The psychology of the economy took a big hit in May, and I think all of those negatives contributed to it and have caused us to distrust this rally and detest its phoniness.
Beijing is pulling out all the stops to get Agricultural Bank of China to market.
One step back and one step forward on the IPO (initial public offering) of the Agricultural Bank of China.
I’ve repeatedly tabbed this IPO as the indicator I’m watching to figure out the health of China’s stock market in particular and its financial system in general -- and to time buys of Chinese stocks.
China’s already publicly-traded banks need to raise $40 billion in new capital this year to meet requirements from bank regulators for higher reserve levels and to meet demands from the economy for new loans.
There's more data available than ever, so why are the numbers so far off?
How exact a science is movie tracking? Lately -- not very.
Over Memorial Day weekend, Warner Bros.' "Sex and the City 2" was forecast to take in around $60 million. It ended up making just $36.8 million.
A week earlier, DreamWorks Animation's 'Shrek Forever After" was on track to take in about $90 million, but it ended up opening to just $70.8 million.
Then last weekend, the opposite happened with Sony's "The Karate Kid." Its domestic opening beat the high end of pre-release forecasts by a stunning $20 million.
What's going on?
Yields for BP bonds have gone sky-high. Are bonds a smart buy?
Investors responded Tuesday by unloading BP bonds, sending yield soaring. The yield for one bond that matures in 2013 rose to 8.7%, The Wall Street Journal reported. Another bond that matures next year is getting an 8.5% yield.
That sounds awfully attractive. But before you consider bonds, you need to think about another "b" word: Bankruptcy. That's the real danger to BP bond holders, the Journal reports.
The two have started a fundraising drive that could significantly impact philanthropy.
The two have already pledged vast amounts of money to charity. Now, they want other billionaires to do the same. For the last year, Fortune reports, they've been pleading their case to the likes of David Rockefeller, Michael Bloomberg and Oprah Winfrey.
Fortune calls it the biggest fundraising drive in history: "They are driving to get the super-rich, starting with the Forbes list of the 400 wealthiest Americans, to pledge -- literally pledge -- at least 50% of their net worth to charity during their lifetimes or at death."
There is no question that Wal-Mart is a massive company. Still, the enormous scope and impact of the discounter may surprise you.
By Jeanine Poggi, TheStreet
How many retailers does it take to equal the size of Wal-Mart (WMT)?
The answer: it takes a full six of the nations' largest companies -- including CVS Caremark (CVS), Costco Wholesale (COST), Home Depot (HD), Target (TGT), Walgreen (WAG) and Lowe's (LOW) -- to equal the scale of Wal-Mart's revenue.
Wal-Mart racked up revenue of more than $400 billion in 2008, which was six times that of rival Target, and the same as these six retailers combined, according to research conducted by Consensus Advisors, a boutique investment banking firm.
Sears is trying to evolve, but these three blunders show the store may be stuck in a downward spiral.
Poor Sears. Sears Holdings (SHLD), the retail stock behind the massive U.S. department-store chain Sears and discount retailer Kmart, peaked at nearly $200 a share in 2007.
Sears' shares hasn’t come anywhere close to that number in the last few years. More recently, the company has only had one quarterly profit in the last four reporting periods -- including an unexpected loss in the first quarter.
There’s little wonder Sears' stock has struggled recently, as big markdowns on pricey appliances have been part of an effort to connect with consumers. While sales haven’t really budged, margins have dropped through the floor – narrowing to a slim to 28.2% in the most recent quarter, from an already anemic 28.6% the year before.
The mounting bad news means we can't rule out a repeat of last week's brutal BP-inspired stock market decline.
By Jim Cramer, TheStreet
The math on this BP (BP) deal is starting to make sense. If you are blowing $500,000 a day on an oil rig, there had better be something like 50,000 to 60,000 barrels a day spewing out of it, or else it wouldn't be worth the money.
I was always skeptical of the initial reports of the spill, because if there were really just a couple of thousand barrels a day leaking out of a big hole in the ground that they spent a fortune drilling, then what kind of risk-reward was that? If it was only spewing 1,500 barrels -- heck, how about 3,000 or 5,000? -- you've got a losing proposition on your hands.
Now we are getting closer to the truth. This well, perhaps one of the greatest finds in history, was a terrific bargain for the company, despite the expense of the Transocean rig. It was such a bargain that you have to wonder why in heck would BP stint on anything? It should have gone full-out deluxe. It obviously didn't.
The tide is running against Germany's chancellor, and a key vote is coming up.
The government of German Chancellor Angela Merkel faces a critical vote on June 30. If it loses the vote, the country will be plunged into new elections just as German opposition to the euro debt bailout is near a peak.
There's some chance that a government opposed to bailouts for Greece, Spain, and Portugal could win those elections. And an even better chance that any Merkel-led government that survived would be much weaker.
That could well send the eurozone back into crisis. (I'm no fan of the Merkel government or its policy of budget cuts for the eurozone's key economy, but I can't see how a weaker Merkel government or a coalition opposed to Germany's contributing to fix the euro debt crisis would help. For more on Merkel's proposed budget cuts, see this post).
Things don't go well on the first day of pre-orders for Apple's new iPhone 4.
Updated at 12:30 p.m.
Tuesday was not a good day for iPhone fans.
People trying to pre-order Apple's (AAPL) new iPhone 4 ran into one problem after another with AT&T's online ordering system, leading AT&T to suspend the program altogether.
Apple was able to get pre-orders for 600,000 new iPhones, but admitted that many customers were turned away or abandoned the process altogether. Apple has apologized for the problems.
Americans are hot for high-tech lawn mowers that are glitzier than some cars.
Well, look at that. Deere (DE) shares are up 3.2% Tuesday. Could it be because "super mowers" are the next big thing?
Deere is seeing an unexpected jump in mower sales this year, The Wall Street Journal reports. Even though the economy is still recovering, some people are apparently crazy about premium riding mowers with more bells and whistles than some cars.
"Sun shades, iPod compartments, cruise control, chrome hub caps and even alternative fuels are all part of the mower mania," writes Gwendolyn Bounds.
Tesla Motors bumps up its share offering -- and now expects to raise $178 million.
Tesla Motors is very optimistic about its upcoming initial public offering.
When the electric-car maker first set its sights on going to market, it was hoping to raise $100 million. But on Tuesday, the company uppedthe shares it will offer to 11.1 million at between $14 and $16 a share -- bringing the total raised to a cool $178 million.
Is Tesla a little too excited here? Or is the market that enthusiastic about a company that makes a $109,000 luxury car?
The company's success is sucking the life out of other tech stocks.
By Scott Moritz, TheStreet
Apple's (AAPL) winning streak has been good for its investors and good for Apple, but seldom has a tech success shared so little wealth with the rest of the sector.
Call it hardball or capitalism in its purest form, but Apple's autocratic approach to business and the current sway its products have in the market have been nothing but punishment for other players.
Sure, to the winner go the spoils and all that -- Apple shares are up ten-fold in the past 10 years. But unlike past stock rockets riding surging tech trends, Apple's rise has not been particularly uplifting for investors outside Apple.
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The offering could become the second-biggest this year if underwriters exercise an option to buy more shares.
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.
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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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