Stocks have rallied 177%, and while calling a top is the easiest thing to do, it might not be the most accurate, Cramer says.
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More iPhones shipped than did BlackBerry devices in the third quarter, one research firm reports.
But Jobs was right. New data from research firm Strategy Analytics show that Apple has now surpassed RIM in the global smart-phone market. More iPhones shipped than did BlackBerries in the third quarter.
Here's how the quarter broke down in terms of global shipments (thanks to GigaOm for reprinting the numbers):
As more-expensive beef and cheese squeeze margins, Ronald & Co. will pass the costs on to customers.
By Kyle Anderson, InvestorPlace.com
McDonald's CFO Peter Benson predicts commodity prices will jump 2% to 3% in 2011. And when the costs of the ground beef and cheese rise, you can bet menu items will cost you more as the Golden Arches passes on those higher prices.
The Oracle of Omaha has made several investment missteps in his otherwise stellar career.
By Don Dion, TheStreet
While one of Warren Buffett's greatest strengths is his ability to pick out "sure things," not all of his bets have paid off. In fact, there are a number of investments that have done more harm than good.
US Airways (LCC) is often highlighted as one of Buffett's most costly mistakes. In 1995, he had to write off 75% of his $385 million investment in the company.
No one buys Suburban Propane to shoot the lights out, but the stock quietly grinds out nice gains without much risk.
By Jim Cramer, TheStreet
Sure, a half cent is not that much. Especially on an 84.5-cent basis. But when Suburban Propane (SPH) took that distribution to 85 cents last night, it was a reminder of how special these limited partnerships have been as a consistent way to make money.
Propane is a slow-growth business, typically a rural one. Suburban is one of the largest players in the business. It regularly boosts its payout as it takes over mom-and-pop distributions, precisely the kind of companies that have been hurt in this downturn, and grows bigger and bigger.
Folks don't buy Suburban because they are looking to shoot the lights out. But it has given us a 31% total return, and I don't think it is done, as it still yields only 6.19%.
The country's economic growth rate has slowed. Unfortunately, inflation kicked in.
Good news plus bad news on China's economy added up to bad news for China's stocks Thursday.
The good news was that China's economy grew at an annual rate of 9.6% in the third quarter -- slightly ahead of the 9.5% that economists surveyed by Bloomberg had expected.
That 9.6% growth rate, however, was the lowest for the year after a 10.3% annual rate in the second quarter and an 11.9% rate in the first quarter. The 9.6% represents solid growth -- showing that China's economy isn't about to stall -- and yet the slight slowdown is encouraging since it represents a retreat from the clearly unsustainable 11.9% growth of the first quarter.
The company is testing the online service in the US and could announce it later this year.
That may soon change. The company could offer customers a streaming-only plan by the end of the year, said chief executive Reed Hastings. It's been testing a similar plan in Canada.
"Our success with our pure streaming offering in Canada at $7.99 has encouraged us to test this model in the USA," Hastings said in his commentary on the company's quarterly results. "If our results are as strong as we think they will be, then we will look to start this offering later in this Q4."
LIT has been a Wall Street sensation since it began trading.
By Jim Woods
Exchange traded fund (ETF) issuer Global X Funds representatives were granted the honor of ringing the opening bell at the New York Stock Exchange on the morning of Friday, Aug. 27. The event was a celebration of sorts for the company’s latest bevy of recently released ETFs. One of those new ETFs has more than proven itself worthy of a celebration, and that’s the Global X Lithium ETF (LIT).
The fund has been a Wall Street sensation since it began trading on Aug. 4, when it opened up at $17.29 per share. The fund closed at $19.88 on Oct. 20, representing a total return of over +15% in just 11 weeks.
The company shifts money around the world to get the lowest tax rates possible. It's legal, but is it right?
Those lawyers have made Google and its shareholders oodles of money by devising ways to funnel profits out of high-tax countries and into island tax havens like Bermuda.
It's all perfectly legal -- though it does make some people skeptical of Google's "Don't be evil" mantra. And as a result, Google has cut taxes by $3.1 billion in three years and lowered its overseas tax rate to a jaw-dropping 2.4%, Bloomberg reports.
The hamburger chain beats analyst estimates for the third quarter with a 6% jump in comparable sales.
The company said interesting menu items like frappes and smoothies helped drive traffic, as well as the continued appeal of the dollar menu in tough economic times. Comparable sales were up 6% worldwide.
McDonald's reported a $1.39 billion profit, or $1.29 a share, for the quarter. That's up from $1.26 billion, or $1.15 a share, in the year-ago period. Analysts had expected $1.25 a share.
Whether you favor Google's rise to dominance or GE's resurrection, you can gain exposure to either corporate giant through these funds.
By Don Dion, TheStreet
Given the company's massive pile of cash and numerous acquisitions throughout 2010, more market commentators are looking to Google (GOOG) as the General Electric (GE) of the 21st century. Using exchange-traded funds, you can gain ample exposure to either company.
Throughout 2010, Google has been on a remarkable shopping spree. Often considered a one-trick pony, the tech Goliath has taken a number of steps in hopes of expanding beyond the search engine business, which has traditionally been its bread and butter.
Since February, the company has bought at least one name a month, expanding its reach into various outlets. Companies acquired 2010 are in industries such as social gaming, photo editing, advertising and travel technology.
Unless judges and pols want to sink the economy, the foreclosure mess won't shut down the banks. Wells Fargo, for one, is doing much better.
By Jim Cramer, TheStreet
Don't waste another moment thinking about this foreclosure mess until you listen to the Wells Fargo (WFC) conference call -- a turgid affair but one that will make you realize that there is no way this process is going to be shut down unless the judges and politicians really do want to bankrupt the banks and kill the U.S. economy. Given how costly it was to save the banking system, even anti-bank President Barack Obama is not in favor of putting it on its heels again.
Maybe because there are so many business outlets writing and commenting on issues, or maybe because of the unchecked nature of the Web, it has become almost common and accepted wisdom that many things were done wrong on the paperwork of loans themselves.
I think that's wrong. If you listen to Wells Fargo -- and I have never thought they were liars -- the process has pretty much been the same all along, and there are no title-chain complications WHATSOEVER. It remains a good, profitable, growing business for WFC.
Is China playing games with its rare-earth reserves? The move says a lot about the future of rare earth.
China's Ministry of Commerce said Saturday that the country could run out of medium and heavy rare-earth reserves in 15 to 20 years at the current rate of production.
Could this be true? Or is it simply justification for China's decision to cut export quotas by 72% in the second half of 2010 -- and slap a de facto ban on rare earth exports to Japan to protest the seizure of a Chinese fishing boat? A New York Times story today says that Chinese customs officials are also stopping rare earth shipments destined for Europe and the U.S.
I vote both are true.
Lower costs and better choices are some of the advantages.
Exchange-traded funds have seen impressive growth over the past several years.
Despite the growth, hardly any of it has come from retirement plans like 401(k)s.
Critics claim that ETFs have no business inside 401(k) plans, but are they right? Will ETFs shakeup the slow-moving 401(k) market?
Let’s analyze why ETF(k) retirement plans make sense.
Legg Mason's Bill Miller gets bullish and sees the best market since the Reagan era.
It looks like I'm not the only one.
Legg Mason Capital Management chairman Bill Miller told CNBC today that he thinks it's "the best time since the early 1980s to buy." His rationale? The same as mine: Stocks are undervalued relative to bonds. Here's why.
Steve Jobs' comments Monday are still getting attention as RIM responds with strong words. We pick the winners.
Kicking things off, of course, was Apple (AAPL) chief executive Steve Jobs, who went on a remarkable rant against competitors in his earnings call Monday. He unloaded on Google (GOOG) and Research In Motion (RIMM) in particular, and those companies are responding in kind. Or not so kind.
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The solid report comes a month after the retailer closed all of its Canadian operations.
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 added just over a point, holding its weekly gain at 1.0% while the Nasdaq lost 0.4%.
The major averages began the day on an upbeat note, but relinquished their opening gains during the first 90 minutes of action. The early sentiment was boosted by a better-than-expected nonfarm payrolls report for February (175K versus Briefing.com consensus 163K), but a closer look into the report suggested that ... More
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