There are some picks in this sector that have excellent valuations and strong earnings growth.
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Contrary to what you'll see in the news, the economic recovery abroad is heating up.
While working out this week, I saw a headline that the European Union is basically "doubling" its growth projections, with the economy putting on a big move after the doldrums of the past few months.
That came right on the heels of China's reporting 13% growth -- that's right, 13% growth -- and I am marveling at all the people who said China was finished, as we saw from the Baltic Freight (which became the Baltic Fright) and the tepid oil futures. Plus, hadn't copper just peaked?
Fear and turbulence have abounded in the market in recent months. Some top strategists say the way to combat them is to stay disciplined.
While investor sentiment shifted this week amid some better-than-expected economic reports, a number of fears continue to lurk beneath the surface -- fears that have pushed investors out of stocks and into bonds at a rapid rate in recent months. From the week ending Aug. 4 through the week ending Sept. 1, investors yanked a total of more than $20 billion out of equity mutual funds, according to the Investment Company Institute. At the same time, they were pouring more than $35 billion into bond funds.
What to do during such turbulent, emotional times? A couple of the top strategists I keep an eye on have recently pointed to the same thing as one of the keys: staying disciplined.
One of those gurus is Liz Ann Sonders, Charles Schwab's chief investment strategist. Sonders (who was one of the few to correctly call the start of the 2007-09 recession, and appears to have been very close to the mark in calling its end) recently stressed the importance of rebalancing one's portfolio -- both within and between different asset classes. "Many investors have probably skewed their portfolios too far away from stocks and toward bonds," she wrote in her latest market commentary. Her advice: Use "a plan that takes advantage of volatility and includes rebalancing and reallocating gains to areas of your portfolio that are underexposed."
Not great but starting to get some support
Value Line Index -- Contains 1700 stocks so its more representative of the market than the S&P 500 or very narrow Dow 30 -- Down slightly for the week
- Down by .51% for the week
- 40% short term Barchart buy signal
- Closed on Friday at 2376 slightly above its 50 day moving average of 2330
- 14 day Relative Strength Index is 56.14% and rising
Barchart Market Momentum -- Contains 6000 stocks -- Percentage of stocks closing above their daily moving averages for various periods -- Market seems to be trending higher
Goldcorp is bidding an awful lot for Andean Resources. Is this a smart move?
There’s no doubt that Andean Resources’ (ANDPF) Cerro Negro project in Argentina is an attractive gold asset. The project isn’t scheduled to go into production until late 2012, but indicated reserves now come to 2.1 million ounces of gold and 20.6 million ounces of silver.
Production costs project out as relatively low, a key criterion for any Goldcorp acquisition, at $60 an ounce after silver revenue. Capital spending to get the mine up to production targets is a reasonable $275 million to $300 million, according to Goldcorp.
Wall Street starts to let iPhones in for employee corporate use.
For the first time ever, JPMorganChase(JPM) is considering giving employees an alternative to the BlackBerry. The bank may let employees switch to iPhones for corporate use, Bloomberg reported. JPMorgan is also looking at phones powered by Google's(GOOG) Android software.
Other banks, including UBS, are also looking at iPhone usage. And Standard Chartered Bank has already switched from BlackBerry to the iPhone, Bloomberg reported.
It takes more money to nab the title of America's wealthiest man.
Back when Kluge (pictured) won the Forbes annual ranking as wealthiest man, his net worth was estimated at more than $5 billion. That seems downright paltry compared with today, when it takes 10 times that amount to top the list.
The net worth of America's richest man has soared. In last year's Forbes list, the top two -- Bill Gates and Warren Buffett -- were worth $40 billion and $37 billion, respectively.
A new virus based in e-mail ran rampant Thursday, hitting corporate America hard.
Comcast (CMCSA) was forced to shut down its e-mail servers entirely after being hit, a spokesperson said on Twitter. "Apparently, this virus (if you click on it) will pooch your PC if you shut it off if you're infected," she added.
"Good Morning America" weatherman Sam Champion was among those affected at ABC. He posted a message on Twitter that said a "huge email-spam-virus" was "filling up" his ABC News email account.
These shares are seeing big buying pressure, so they're very affordable.
By Louis Navellier, Investorplace.com
Penny stocks can be tricky for many retail investors, with shares trading for only a few cents always listed on the pink sheets and frequently involving high fees and high risk.
But the next-best thing is to go for low-priced investments that barely qualify for the major exchanges, skirting the $1 share price limit.
Right now, a number of decent small-cap financial companies are right on the line with shares at around a buck apiece. To help you get into these picks before they take off, here's my list of three cheap financial investments to buy now:
When I look at the funding sources for muni debt I get worried
Let's use some common sense. You normally buy bonds for capital appreciation when yields are coming down because bond prices then go up. The other factor in the equation is: " Can the underlying debtor pay interest and principal payments when due".
Bond prices and in particular bond funds and ETFs have been enjoying price appreciation that have made them very attractive additions to your portfolios. I've been buying them too because the numbers have been positive.
Here are my concerns:
There's a perception that semiconductor shares do well only during a huge expansion. So despite some good quarters, it's time to sell.
Now people will hate these two stocks, and the whole semiconductor group, even more.
Something's happening in microchip land away from the Apple (AAPL) universe, and it isn't just shrinking multiples, the culprit I often hear about when tech gets discussed.
Freight volumes are up, making a double-dip recession less likely.
Although stocks look ready for another swoon, there is increasing evidence that the economy's midsummer slowdown is over. Just in the past week, we've had a number of positive data points: Weekly jobless claims are falling again, the trade gap closed sharply in July, the private sector continues to create jobs and the nation's factories continue to ramp up production.
Credit Suisse economist Neal Soss notes that while growth has clearly slowed from the pace enjoyed earlier this year, the slowdown isn't enough "to sustain fears of the dreaded double-dip release into renewed recession." In other words, slower growth is not the same as no growth.
In fact, one intriguing piece of insight suggests the economy isn't stalling but is roaring ahead. And that's railroad loadings, which have moved to their highest levels since November 2008 and are now up 12.2% over last year, thanks to steady string of gains since January. That's a big deal for the economy at large. Here's why.
But things could change as the global economy heats up.
Inflation is falling in Brazil. For the 30-day period through mid-August, consumer inflation was just 4.44%. That's the first time since January that inflation has been below the government's target of 4.5%.
Now the question is how long the improvement will last. The answer depends on your view regarding the strength of the global economy.
Many economists and financial analysts see the improvement in inflation as a temporary result of a slowing in the global economy.
More restaurants are considering going mobile with trucks outfitted with kitchens.
I'm not talking about the roach coaches that pull up to construction sites with rubbery burgers and heartburn-inducing tacos. The new generation of food trucks is offering food similar to -- or in some cases better than -- what you'd find in nearby restaurants.
One restaurant industry consultant thinks that 10% of the top 200 restaurant chains will have food trucks within two years, according to The Los Angeles Times. "They're all talking about it," he added.
The highly protective company eases its regulations on programs as Android apps surge.
Surprising analysts, consumers and tech heads everywhere, Apple Inc. (AAPL) announced this morning that it will make building applications for the iPhone and every iOS-powered device a whole lot easier.
The move from highly protective Apple surely isn’t an act of charity, however. Recent statistics show Google (GOOG) and its Android OS are making huge strides in the smart-phone market, and Apple is looking to fend the tech company off.
More than half of 18- to 25-year-olds don't know he was real, so KFC's parent company is looking to change that.
Pop quiz: Which of these fast-food icons was an actual human being?
b) The King
d) None of the above
If you answered C, congratulations. You are more knowledgeable than most young Americans.
A new survey shows many had no idea Harlan Sanders was a real person who started the KFC chain -- known then as Kentucky Fried Chicken. And since so many folks apparently don't know that, KFC parent Yum Brands (YUM) is launching a new campaign coinciding with the Colonel's 120th birthday to educate the public on his relationship to the fried-chicken franchise's roots.
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The Ukraine crisis festers and other fresh concerns boil to the surface, knocking down markets and giving volatility some life.
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[BRIEFING.COM] The stock market ended the Thursday session on a modestly lower note, but a late-morning rebound lifted the indices off their lows. The S&P 500 shed 0.2% with seven sectors ending in the red.
This morning, European equities and U.S. futures slumped around 6:00 ET after Ukraine's President Petro Poroshenko was quoted as saying Russian forces have invaded an area southeast of Donetsk. The news pressured the markets, but a brief uptick took place after a correction to ... More
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