Stocks have rallied 177%, and while calling a top is the easiest thing to do, it might not be the most accurate, Cramer says.
VIDEO ON MSN MONEY
Stifled Wednesday by its tech peers, Apple stock languished despite renewed rumors of a Verizon iPhone in the works. Don't expect it to sit still today.
By Jim Cramer, TheStreet
How much would Apple (AAPL) have gone up Wednesday if it weren't for Equinix (EQIX), which plummeted 33% after the company lowered its revenue outlook and took the rest of cloud-computing tech -- Citrix (CTXS)/Red Hat (RHT), Rackspace (RAX), F5 Networks (FFIV) and VMWare (VMW) -- down with it?
How much do they not matter for Apple?
Tuesday night I was out with one of the best hedge fund managers in America, and he wanted to take issue with my endless support for Apple. He couldn't believe, given the service of AT&T (T), that I could ever in good conscience recommend the stock.
I said to watch what happens when Verizon (VZ) gets the iPhone. He said he would believe it when he sees it.
The partnership sees a drop from projected profits, but that isn't any reason to sell.
As bad news goes, this isn't a big dose, but it should be a reminder to investors looking for extra yield in today's ultra-low-yield environment that higher yields always come with higher risk.
Oneok Partners (OKS) is one of my favorites for getting a good deal more yield with only slightly more risk. The master limited partnership pays a yield of 5.96% versus the 2.34% yield on the 10-year Treasury.
But "only slightly more" risk doesn't mean no risk.
Confidence has reached extreme levels as leading indicators warn of trouble. Yes, we're headed for better days, but the road will be rough.
Rewind a few months, to when Wall Street was deep in despair as concerns over Europe and the viability of the euro shook the markets. Add in concerns over financial regulatory reform, the government's case against Goldman Sachs (GS), the BP (BP) oil spill and the May 6 "flash crash." Investors had a lot to worry about.
But all that's changed now. Europe has bounced back, as I anticipated in this column, with the iShares Germany (EWG) up 28% from its May low. And the economy, thanks to the increase in business spending that I predicted back in August, is showing new signs of life.
All sunshine and lollipops, right? Well, not quite. While fundamentals determine the long-term trajectory of the market -- and still look good, as I discussed recently -- short-term movements are still driven by technical factors. And right now, they suggest caution is warranted.
Dozens of outlets nationwide lay down a new law: No teenagers without parents.
Shopping centers across the country are considering ways to ban the teen mall rat, ABC News reports. Dozens of malls now have a "parental escort policy" on weekend nights, requiring people younger than 18 to have a parent or guardian nearby.
The policy is intended to remove the potential for trouble (shoplifting and fighting) that can erupt when kids get together without supervision. But does this also remove the potential for teen sales?
Brought to its knees by a fierce discount battle, the grocery industry is starting to raise prices.
The price war was great for shoppers, many of whom cut their spending dramatically as the recession lingered. But was it good for grocery stores and food producers? Not so much.
Sales and promotions were everywhere, and as a result no company came out a winner, Reuters reported. In fact, the discounts were so deep that even the bump in sales couldn't restore the bottom line.
The automaker may have underestimated what it would take to develop its mainstream electric car and the price it can sell for.
By Eric Jackson, TheStreet
It priced at $17, the top end of its range, and soared 41% on its first day of trading. It's still trading more than 24% above its IPO price three months later.
The comfort-food restaurant chain gets top marks from analysts who cover the casual-dining industry.
By Jake Lynch, TheStreet
Cracker Barrel (CBRL) is succeeding in the dog-eat-dog restaurant industry with old-fashioned American charm. The eatery has outperformed the closely watched Knapp-Track Index of comparable-store traffic for 16 consecutive quarters.
Analysts are bullish on Cracker Barrel, which is less sensitive to changes in the economy than its casual-dining competitors because of its lower-priced dishes. The southern chain serves comfort food, with a menu that includes Country Meat 'n' Biscuits and Apple Streusel French Toast. Breakfast is served all day, with separate lunch and dinner menus.
A retail store is attached to each restaurant, selling collectibles, old-fashioned toys and penny candy. This restaurant-retail concept is rarely used in the restaurant industry but seems to be succeeding. Cracker Barrel posted a comparable-restaurant sales gain of 2% and a comparable-retail-sales increase of 2.6% in the latest reporting period.
Hoping to smooth the checkout process on its Android Market, Google will roll out PayPal in 3 weeks.
By Scott Moritz, TheStreet
The two Internet giants have been moving closer to an agreement in recent weeks. Now sources familiar with the situation say the deal is all but sealed, with an announcement coming as early as Oct. 26 during the PayPal developers' conference in San Francisco.
The move would help smooth a bumpy checkout system on Android Market, and it would also bring Google closer to the type of seamless payment process that Apple (AAPL) manages at its iTunes and App Store.
The top prize is $1 million, though odds are slim. Meanwhile, the company will likely rake in big sales from the popular promotion.
The bigger prizes, including lots of cash and a muscle car, may seem extravagant, but the bottom line is that McDonald's always gets more than it gives with its yearly promotion. And cash-strapped consumers could be more likely than ever to join in the game. After all, unlike with a lottery ticket, you can eat your losing purchase.
Here's what you can win and how to play:
As stocks surge, insiders are cashing in big-time.
By Dan Freed, TheStreet
The stock market is rallying, but insiders aren't buying it.
The companies that saw the biggest selling by insiders in the past week through Oct. 1 were Oracle (ORCL), Google (GOOG), Phillip Morris (PM), Nike (NKE) and CarMax (KMX). Oracle insiders alone sold $135 million worth in stock during the week.
The fallout from another round of quantitative easing will likely be destructive. But there is room to make money in the meantime.
By Jim Cramer, TheStreet
It happened again Tuesday and last week, too: A couple of people on television saying I am a trader and they are investors, that I flit and they stay the course, that I go in and out, heedless of the future and the problems in store for our economy and our market from QE2 and the need to stimulate the economy in an unaffordable way.
I scorn these people. First, I have a portfolio -- you can look at it, it's Action Alerts PLUS -- where I try to pick stocks that can go up over time. More important, though, is that I am beginning to have contempt for the "pure" investors.
Demand for copper has helped drive its price to extraordinarily high levels.
Copper, that other shiny golden metal, is just as hot as gold is right now. And I think the fundamentals for copper are better.
But after the extraordinary run on these stocks -- Freeport McMoRan and Taseko were up 37% from the August low through the close on Oct. 5 and Southern Copper, the laggard, was up 32% -- I'd look for earnings-season volatility to give me an opening for a buy or two.
Google's mobile platform becomes the top choice for smart-phone buyers, a survey says.
Google's Android system is beating Apple's iPhone. Android became the most popular choice for smart-phone buyers in the last six months, according to research firm The Nielsen Co.
Apple's (AAPL) iPhone is tied for second place with the BlackBerry platform from Research In Motion (RIMM).
But before you start planning the iPhone's funeral, consider this: Nielsen looked at smart-phone purchases for six months of the year, but the iPhone 4 only became available on June 24. It's a sure bet that iPhone buying slowed dramatically in the spring as people waited for the new version.
This worldwide brand might make a great core holding.
Pepsi's success is the result of superior products, high standards of performance and distinctive competitive strategies.
The company has been buying back some of their largest bottlers and hopes to see $400 million drop to the bottom line through integrated cost savings. That, plus a 10% growth rate in the Frito-Lay division, makes for a nice future.
A little-known trader at a French bank is sentenced for making enormous unauthorized trades.
That's the question that will haunt Jérôme Kerviel for the rest of his life. Kerviel, just 33 years old, was sentenced to at least three years in prison Tuesday for making rogue bets that almost collapsed French bank Société Générale.
He was also ordered to repay the amount the bank lost in the whole mess: $6.7 billion. Based on what he now makes as a computer consultant (he got canned from the bank long ago), it will take 178,000 years to pay what's owed, The Wall Street Journal calculates.
MORE ON MSN MONEY
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.
Like many companies this winter, the fast-food giant blamed a drop in same-store sales on the weather. But could its problems be bigger than a snowbank?
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.
[BRIEFING.COM] The S&P 500 trades lower by 0.2% with one hour remaining in the trading day. Stocks slumped out of the gate amid disappointing trade data from China, but were able to erase about half of their losses thanks to the relative strength of financials (-0.1%), health care (+0.2%), and technology (-0.1%).
The benchmark index notched its low less than 90 minutes into the session and then returned to the middle of its trading range by 11:30 ET, where it continues trading at ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|