Once you get past the hype, there's little chance for long-term gain with this stock.
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The online auctioneer is hoping fixed priced selling will boost sales and profits.
The new strategy moves the company further away from its roots of rummage and garage sales held on the Internet.
Will eBay enthusiasts embrace the new model? More importantly for investors, will the strategy boost sales and earnings at the company?
Traditionally, eBay made its money by charging fees to its 90 million active buyers and sellers. Ironically, its huge success has made the company vulnerable.
The charts say we're ready to roll with jobs growth and with a Congress that is no longer negative.
By Jim Cramer, TheStreet
Never, ever has it taken me this long to read the charts that come hand-delivered to my house every Saturday morning. And it is not just because I just came back from a whirlwind tour of Israel, Jordan and Egypt.
It's because when I go over the charts I am always looking for juicy ones, ones that tell a story, that signal where the action is, where the money's going to.
I dog-ear the pages and mark 'em like I am back in law school, no -- better than that cause I got a cushy job in year two so I didn't have to dog-ear much in the third year.
The market has had a meteoric rise over the past 13 months, but some of the world's top investors are still finding opportunities.
With stocks now close to 75% off their March 2009 lows, opportunities to make hay aren't what they were a year ago. But smart investors can still find value in the market -- that's what Morningstar's domestic fund manager of the decade indicated this week.
Bruce Berkowitz, whose Fairholme fund is in the top 1% of funds in its class over the past 3, 5, and 10 years, said he's finding opportunities in some of the firms hit hardest by the financial crisis. In an interview with Barron's, Berkowitz said financial companies are getting over the bad debt hump, and that AIG and Citigroup are among the picks he likes. Financials are "through the worst of it with their loans, which they have been writing off at a furious pace," he said. "And the loans that they’ve been making since around the end of 2008 have been quite good.”
Another top strategist high on financials is David Ellison. Ellison, a Peter Lynch disciple who manages two financial-focused funds, avoided much of the sector's meltdown in 2008 by retreating to cash before the worst of the crisis hit. He then turned bullish shortly before the March '09 low, and he continues to have about 90% to 95% of his funds in equities, according to Morningstar. Ellison told Financial Planning magazine this week that he's keying on stable, deposit-taking franchises.
The economy is adding jobs, and they're going to private company positions.
The one disappointment in Friday's jobs number was actually good news. In March, the U.S. economy added 162,000 jobs, according to the Department of Labor.
The number would have been even higher, except that the government hired only 48,000 temporary census workers. That was less than economists had expected and explains most of the difference between the 162,000 actual jobs added and the consensus among economists surveyed by Bloomberg of 184,000 jobs.
The shortfall in census hiring is actually good news. It means that the March increase in jobs isn't merely a reflection of government hiring. Government hiring for census work is only a temporary boost to the employment numbers. The big bulge in census hiring will be over by June, and the government will start shedding jobs at that point.
Even in a recession, these are the best-selling independent restaurants in the country.
What makes Tao Restaurant and Nightclub in Las Vegas so popular? The beautiful people, the loud music, the $34 Chilean sea bass?
Whatever it is, Tao has hit the jackpot, once again topping the list of highest-grossing independent restaurants in the U.S. Tao retained its top ranking even though its food-and-beverage sales dropped 13% last year, according to Restaurants & Institutions magazine, which compiles the annual list.
The average dinner check at Tao was $70 last year, and overall the restaurant brought in just over $59 million in sales. That was enough to easily beat the sentimental favorite on the list, Tavern on the Green in New York City, which came in second.
Get ready for an e-book war as Apple positions the iPad as a Kindle killer.
But don't rule out Amazon (AMZN) yet. The company has a few weapons in its arsenal to counter any threat from the iPad.
The Kindle will first benefit from good timing. Or, in Apple's case, bad timing. See, the iPad will not ship with the book-reading software Apple has developed, reports The Wall Street Journal. It wasn't ready in time.
This is no longer a jobless recovery. Spending at restaurants likely to rise.
Last week investors received great news in the form of a very strong employment report. In March, the economy added the most jobs in three years.
Already fueling a solid economic recovery, the consumer will rejoice in these numbers. Spending is likely to gradually rise as a result.
Where do consumers like to spend hard earned dollars?
Look past the headlines and evaluate the market with data
Value Line Index -- Contains 1700 stocks so it's much broader than the S&P 500 or the very narrow Dow 30 -- Positive price momentum
- Up 3 days out of 4 for a net gain of 1.16% last week
- If the Index were a stock it would have an over all 88% Barchart buy rating, hitting buy signals on 11 of 13 technical indicators
- Hit new highs in 12 of the last 20 trading session and 3 for 5 recently
- 30 day price appreciation of 6.91%
- Tracking above its 20, 50 and 100 day moving averages
Group calls the clown a 'deep-fried Joe Camel' who is fueling childhood obesity nationwide.
One of the most recognizable corporate spokesmen of the last 40 years or so is Ronald McDonald, the “spokes-clown” for McDonald's (MCD) restaurants around the world. But if some health advocates have their way, Ronald will be getting a pink slip.
According to Corporate Accountability International, Ronald is feeding a "fast-food-industry childhood obesity crisis." Nearly 60% of Americans polled by the group believe that the fast-food industry is responsible for a growing "epidemic of childhood obesity and diet-related disease,"and marketing efforts to children that include Ronald McDonald are the biggest culprits.
Corporate Accountability International is calling the red-haired clown a "deep-fried Joe Camel for the 21st Century" and is sponsoring "Retire Ronald" events at several locations around the country.
An industrial giant comes in at the bottom of the list with a -8% loss, and a surprise stock is flying high with a +35% gain from Jan. 1 to April 1
The calendar has turned over to April and that means the first quarter has come to a close. The first three months of the year have been profitable for all the major indexes, with the Dow up 4.1%, the S&P 500 up 4.9% and NASDAQ up 5.7%.
But it’s worth noting that the year got off to a rocky start, all those gains -- and more -- coming from March alone, when those three indexes were up 5.15%, 5.88% and 7.14% respectively.
It’s been a bumpy ride these last three months even if the overall market has come out on top. Some stocks have been left behind – and others have defied the market’s volatility with a clear upwards trajectory in the first quarter of 2010. For those of you keeping score, here are the top 5 and the worst 5 Dow performers from January 1 to April 1:
Growth in China is a two-edged sword: Strong growth is good, but inflation threatens.
Growth in China isn't slowing down -- at least the manufacturing sector isn't.
The Purchasing Managers' Index climbed to 55.1 in March from 52 in February, Li Fung Group reported Thursday.
So far, Beijing's attempts to rein in growth by raising reserve requirements for banks and setting lower quotas for loans isn't having any noticeable effect on the sector.
At this time, strong growth in China is a two-edged sword, however.
Investors in both Fannie and Freddie need to consider that both companies may disappear entirely.
The mortgage securities market has been moribund since the collapse of the housing market and Wall Street in 2008.
That may change with news of a proposed $200 million private offering of securities backed by newly originated mortgage loans not backed by any government guarantees.
The high end housing market has been a lending black hole despite government backing for loans jumping to $729,750. As a result that segment of the market is still struggling with price declines and a lack of buyers.
It will be up to the private markets to save the day.
Overall executive compensation is down 1%, but the DISH move is either refreshing or disturbing depending on your perspective
A Wall Street Journal analysis released today shows that executive compensation at top companies was down almost 1% in 2009. That’s after a 3.4% drop for CEO pay in 2008 as the recession took its toll and political outcry made big bonuses unpopular.
It’s natural to see companies cutting back in leaner times -- even a bit refreshing to see that those on the top of the heap are sharing the pain of the little guys who have had salary freezes or furlough days. But what does it say about a company when it slashes CEO pay by over 90% -- even as share prices have doubled in the last year?
That’s exactly what happened at Dish Network (DISH), where founder and CEO Charles Ergen suffered the harshest drop in pay across the entire WSJ survey -- a drop of 92.5% to $623,100 a year in total compensation.
Apple's stock continues to trade high, and the company's got bank. So what's the next big product? Here's our wish list.
By Robert Holmes, TheStreet
Apple (AAPL) is readying its iPad for store shelves this weekend and a rumored iPhone refresh is in the pipeline, but investors -- now enjoying near-record highs in the stock -- should be looking for the company's next big idea.
Apple's shares jumped earlier this week on a report that the company will update its iPhone product line with a faster, slimmer design that will run on CDMA wireless networks, which could potentially make the iPhone available to Verizon (VZ) customers. Plus, on Saturday, the much-hyped iPad device will go on sale at Apple retail stores and Best Buy (BBY).
A new survey shows a high number of BlackBerry users eyeing rival phones.
Online research firm Crowd Science says that BlackBerry users are more likely to find a new phone than users of the iPhone or the Android operating system, according to MarketWatch.
Nearly 40% of BlackBerry owners said they "definitely or probably" would switch to an iPhone, according to the study from Crowd Science. Another third said they would switch to an Android phone by Google.
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The Fed may start tapering in just a few months. Here are a few of the likely winners and losers.
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[BRIEFING.COM] A solid November employment report translated into a solid day of gains for the major averages. While there was some talk that the encouraging job growth raised the odds of the Fed announcing a tapering at its December meeting, the message of the markets today was either that it didn't believe there would be a tapering this month or that it doesn't fear a tapering this month.
It was just one day, yet there was ample meaning wrapped up in the connection that the 10-yr ... More
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