As the market wades through what many people hope is a sixth bull year, some have grown nervous about how long the run can go.
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As the company's stock flirts with the record milestone, analysts and investors find reasons to believe it's still worth the high price.
By Scott Moritz, TheStreet
As Apple (AAPL) approaches a $300 share price, it nears a $274 billion market cap, second only to Exxon Mobil's (XOM) $315 billion value as the largest U.S. company by stock value. Apple sits high atop the tech sector, with Microsoft now a distant second at $214 billion.
And as Apple continues to climb, some analysts see reason to point even higher. On Monday, for example, Canaccord analyst Mike Walkley raised his price target for Apple by $10 to $366.
Helping to drive the Apple gusto is the excitement around the popular iPad. One possible bonus is Verizon (VZ). Long a holdout on Apple products, the No. 1 telco is expected to start selling a Verizon 3G iPad early next year.
A couple of slow-moving telecoms are finally hitting 52-week highs. With dividends that rival those of utility companies, they are still worth buying.
By Jim Cramer, TheStreet
At last, patience is being rewarded. For the longest time, whenever I was asked about stocks, which ones to buy, I almost always answered Apple (AAPL), Verizon (VZ) or AT&T (T). My thinking was that I wanted to have a high flier I believed in, a low flier I trusted.
Apple has been nothing but net forever. Just a huge win that keeps on giving, and you know I think it will get to $325 pretty easily. (That's been my price target, and I wish that people on Twitter would subscribe to RealMoney and ActionAlertsPlus so they wouldn't keep asking me if I still like it. I don't answer the question.)
But Verizon and AT&T? Good grief, these two have taken forever to move. At least you could reinvest the dividend, making them the ultimate pay-you-to-wait equities.
Businesses are buying new trucks and construction equipment, which is where Cummins shines.
As I noted in my post on Friday, corporate customers are buying capital goods to expand and upgrade their businesses, while consumers are still keeping their wallets shut tight (see my post).
The index gives more weight to pricey stocks like CAT, which critics say skews it unfairly.
Caterpillar (CAT) is carrying the DowJones Industrial Average ($INDU) on its back, with such a heavy weight in the index that critics say the Dow has become ridiculous.
Consider that Caterpillar is responsible for a full 40% of the Dow's rise this year, The Associated Press reports. If the stock didn't exist, the Dow would be up only 2.5% this year instead of 4.1%.
Caterpillar has seen a marvelous rise this year, going from the $58 range to nearly $80. Sales at the equipment company are on fire, mainly because of international demand.
Morningstar changed its rating formula, causing some funds to drop to junk status.
This month, Morningstar changed the way it rates bond funds to give lower-rated bonds more weight. As a result, a big chunk of funds saw their "average credit quality" rating drop, according to The Wall Street Journal.
Some funds saw significant drops from AA to junk grade. They include the TCW Short Term bond fund (TGSMX) and the Neuberger Berman Short Duration bond fund (NSBIX). AAA is the highest rating possible, while a BB and lower denotes junk status.
Investors can expect stocks to continue their climb for the rest of the year.
By Jamie Dlugosch
I suppose it was all very predictable. I wrote about Tony Robbins and his "get out of the market" YouTube video that had gone viral. Was there ever any better buy signal for stocks?
As if on cue, the rally began shortly after, and aside from one or two short pauses, it has been on a tear.
The protagonist of one of Wall Street's greatest stories -- the do-it-yourself stock picker -- has been disappearing and may never come back.
By Jim Cramer, TheStreet
Is there a level at which the "people" will come back to stocks? Is there a level at which the "excitement" will return? I have been harping on Dow 11,000 as a key level that I think will make people feel better because of their stock portfolios -- they'll feel richer.
But as for the actual challenge of getting people to invest in individual stocks and to figure out ways to make money in them, I don't know. I think that game is shrinking because of the remarkable beating that individuals have suffered over the past decade.
You see, I believe people still considered stocks worth owning after the 2000 Nasdaq ($COMPX) crash because many big caps didn't surrender gains. I think they were persuaded to keep stocks through even the incredibly harrowing 2007-09 adventures, when the market fell to the generational low of 2009 (which Doug Kass so ably called).
I hope you didn't miss this weeks upward ride. I think it looks good for next week too.
Value Line Index -- Contains 1700 stocks so it's broader than the S&P 500 or very narrow Dow 30 -- Nice upward price momentum
- Barchart 80% buy signal
- New highs in 11 of the last 20 session
- Up 2.58% for the week
- Up 11.36% for the last month
- 14 day Relative Strength Index is 63.56% and rising
- Closed Friday at 2487.87 above its 50 day moving average of 2362.65
The country's central bank has been buying dollars and selling the real to trigger a retreat.
Japan isn't the only country to intervene in the markets in an attempt to drive down the price of its currency.
Brazil's central bank has moved to buy dollars and sell the Brazilian real repeatedly in the last week. Until it fell on Monday and Tuesday, Brazil's currency had been up 34% since the beginning of 2009.
That appreciation has played havoc with the country's exports. The country's current account deficit is forecast to hit $50 billion by the end of 2010 from $24 billion in 2009.
Pessimism is reigning among investors, but some of the world's best strategists are finding opportunities in the market.
There are plenty of reasons investors are worried about the stock market right now -- fears of a double-dip recession, the government's ballooning balance sheet, and the lingering pain caused by the 2008 market meltdown are just a few examples.
But where there is fear there is usually opportunity. And recently, several of the market's top minds have said they are finding plenty of opportunities around the globe.
Among them: hedge fund guru David Tepper, who gave a rare interview this week. Tepper told CNBC that he's been upping his exposure to stocks. Tepper, who made a prescient bullish call on banks in early 2009 and has an exceptional long-term track record, said the Federal Reserve's resolve to spur growth is a big reason for his bullishness. He says if the economy improves, stocks should do well -- and if it doesn't, that will lead to a new round of quantitative easing from the Fed, which will also benefit stocks. The resulting situation means a downside that's not that big, and big potential upside for stocks.
Fans of the Liverpool club are irate -- and taking out their anger on Wall Street.
Beware the rabid English soccer fan armed with a BlackBerry.
That's the lesson Texas billionaire Tom Hicks is learning as he tries to raise money for Liverpool FC, the club he bought in 2007. Liverpool was a star back then, but now it's badly in need of money and struggling on the field.
Liverpool fans are so angry that they're doing whatever they can to foil Hicks. And that includes stalking him with technology.
This week, a Liverpool fan saw Hicks sitting on a New York sidewalk bench near the offices of Deutsche Bank (DB) and JPMorgan Chase (JPM), The Wall Street Journal reports.
Subscribers will be able to stream 'Saturday Night Live,' 'Friday Night Lights,' 'Monk' and more.
By Jeanine Poggi, TheStreet
These big-name stocks saw increased quarterly payouts this week.
By Jeff Reeves, InvestorPlace.com
To help income-oriented investors find strong, stable stocks with good yield and consistent dividend increases, are three blue chips that just increased their payouts.
The index will likely deliver its best quarterly performance in more than a year. Here are its best performers thus far.
By Danielle Kost, TheStreet
The Dow Jones Industrial Average ($INDU), Nasdaq ($COMPX) and S&P 500 ($INX) are all on track to deliver their best quarterly performances in a year, with wide swings that have tested investors' nerves.
The Dow, the blue-chip benchmark, has gained 9.8% this quarter through Thursday, helping it almost erase its second-quarter losses. The S&P 500 has returned 2.4% this year, including dividends, slowing from last year's pace.
Here are the 10 best-performing S&P 500 stock this year so far.
While there will always be a place for desktop computers, powerful handheld devices are pushing the entire notebook category into long-term decline.
By Jim Cramer, TheStreet
The netbook giveth, and the netbook taketh away. That was my conclusion last night after I did some reading about still one more tech disappointment, the never-can-shoot-straight Advanced Micro Devices (AMD).
The notebook category, for all intents and purposes, is finished. It is in secular decline, a victim of handheld devices that are so powerful they make netbooks look like relics.
That's one of the main reasons Intel (INTC) is not doing so hot. It's why no one liked Texas Instruments (TXN) even after it announced it would buy one-quarter of the company, and why Hewlett-Packard (HPQ), which has a great netbook franchise, has slipped. It's another reason HPQ and Intel are frantic to pick up new business away from netbooks, which was, just a few years ago, the savior category. It could be the source of many problems for SanDisk (SNDK), which is relentlessly going down.
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[BRIEFING.COM] Recent action saw a continuation of the range-bound trade that has essentially kept the S&P 500 where it began the trading day.
The technology sector (-0.8%) remains weak, which has prevented the broader market from climbing above its flat line. All things considered, despite today's loss, the technology sector is flat for the week versus a 0.7% gain for the S&P 500.
The tech sector will be in focus again tomorrow as participants will react to a full slate ... More
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