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Keep an eye on funds tracking oil, retail, gold, China's emerging middle class and Sweden's stable economy.

By TheStreet Staff Mar 7, 2011 11:15AM

Image: Stock market report (© Corbis)By Don Dion, TheStreet

 

Here are five exchange-traded funds to keep an eye on this week.

 

1. United States Oil Fund (USO)

 

Oil has been on the minds of investors around the globe as political turmoil pushes the price of crude north of $100 a barrel. As we head into the week, the protests sweeping the Middle East and North Africa show little signs of waning, and once again market confidence will likely be tested.

 

USO has seen a steep run-up over the past few weeks and is currently testing $42. This will be interesting to watch. Since late 2009, it has proved to be a point of resistance on a number of occasions.

 

We're in a sideways market with plenty of headwinds, so it's no time to be a hero.

By Jamie Dlugosch Mar 7, 2011 10:38AM

Image: Mutual funds (© ThinkStock/SuperStock)The sustainability of economic recovery is in question with oil holding steady above $100 a barrel. Fortunately for the market, stocks received a jolt late last week with a jobs report that kept spirits high.

 

Without that boost, stocks would have been down 1% to 2% last week. Thanks to late gains Friday, the market closed the week with a fractional gain. Where will we trade this week?

 

That is hard to say. Certainly the momentum from a stronger economy will help. That said, many publicly traded stocks are fully valued at the moment. Only significantly stronger operating results will move stocks higher.

 

I'm still playing it safe with my ETF picks. My choice to highlight this week goes back to the ProShares Credit Suisse 130/30 (CSM).

 

The long-short approach is the right pick for a market with downside risk. With this fund, the emphasis is on the long side, with its 130% exposure to stocks, but what I really like is the 30% short exposure.

 
Tags: etf

The Shanghai flagship shuts down after 2 years, highlighting the iconic doll's recent struggles.

By InvestorPlace Mar 7, 2011 10:32AM

Girls play with Barbie dolls at the Barbie Shanghai flagship store (© Eugene Hoshiko/AP file)U.S. toy titan Mattel (MAT) sure knows how to play. The company owns some of the most enduring brands in history, including Matchbox Cars, Pictionary, Rock 'Em Sock 'Em Robots and Polly Pocket.

 

Unfortunately, some Mattel toys just aren't what they used to be. Take the sad case of a middle-aged Barbie, who was given her own six-story outlet store in 2009 to help revitalize slumping global sales. The result? Well, despite some flashy features, the mammoth dollhouse was a flop, and Mattel today announced the site is being shuttered.

 

The world's first and only Barbie concept store debuted on Barbie's 50th birthday in 2009 and graced a huge six-story space in downtown Shanghai, China. Features of the site included a pink neon escalator, a glitzy showroom with 900 display cases for Barbies in wide variety of clothes, and even a spa and a Barbie bar for the adults.


Despite flagging sales for Barbie at the time and a global financial crisis taking the buying power out of consumers everywhere, Mattel thought the timing was right for a big push into the world's most populous nation.

 

Fears that soaring crude will take out housing, banks, autos and commercial construction simply haven't materialized yet.

By Jim Cramer Mar 7, 2011 9:58AM

jim cramerthestreetWhere is the oil crash? Why don't the charts show us something, some sign that things are about to go bad? They haven't suddenly lost their predictive value, have they?

 

Think of it like this: We wring our hands at the sight of $4 at the pump. We know it is a terrible tax on the American consumer. We know it helped precipitate the economy's collapse in 2008. Of that there can be no doubt. In fact, let's just stipulate it.

 

So why are the charts so robust now? How can it be that the oil and oil-related charts are all busting out but none of the consumer-related stocks are really showing signs of buckling? In fact, I will take it a step further and point out that the recession retailer Wal-Mart (WMT) has the worst chart in the book -- other than the despicable Cisco (CSCO) -- despite its big dividend boost.

 

The restaurants? The weakest group in 2008 other than the casinos? They are all holding up pretty well to excellently. Stocks like Darden (DRI) and Yum (YUM) but also Cheesecake Factory (CAKE) and Brinker (EAT), all trashed last go-round, look totally buyable.

 

Cut through all the headlines and determine the market direction for yourself

By Jim Van Meerten Mar 5, 2011 11:22AM

Each week end I step back and see where the market really is.  It's very confusing to listen to the talking heads on all the financial news channels so I use these 2 indicators to keep my head straight.  All of these indicators can be found on Barchart.


The first and I think the most important is the Value Line Arithmetic Index.  It a simple unweighted index that measures the change of approximately 1700 of the largest stocks covered by the Value Line Investment Survey.  These 1700 stocks constitute about 95% of the entire US stock market capitalization.  Most investors I've talked to invest a percentage of their money in each stock rather than weighting their portfolio by market capitalization.  This unweighted index of 1700 stocks gives me a better feel of the market than the weighted  and much smaller Dow 30 or S&P 500.


My chart shows the index against its 20, 50 and 100 day moving average and uses the Barchart Trend Spotter (tm) which is an indicator of the weighted results of Barchart's 12 technical indicators.

 

The eyeglass maker is expanding globally and seeing double-digit profit and sales increases.

By Jim J. Jubak Mar 4, 2011 7:34PM
Jim JubakNot very ambitious, are they?

Luxottica (LUX), the biggest maker of eyeglasses in the world (and a member of my Jubak Picks 50), announced that it’s looking to increase sales in emerging markets by about 20% in 2011, achieve double-digit growth in its premium and luxury brands (such as Ray-Ban and Oakley), and grow volumes in China and India by 120% over the next three years.

Did I leave out plans to open 40 Sunglass Hut stores in India, 15 in Brazil, and 50 in China? (The company also acquired 70 stores in Mexico at the end of 2010.)

Oh, and by the way: on Feb. 28, the Italian company -- which also makes eyeglasses under license for fashion houses such as Prada and Chanel -- also reported a 16% increase in sales for the first quarter, a 1.2-percentage-point increase in gross margins, and an increase in net income of 88% from the fourth quarter of 2009.
 

Increasing volume is helping AmBev's net sales grow, but the cost of raw materials and slowing growth in Brazil are new concerns.

By Jim J. Jubak Mar 4, 2011 7:07PM
Jim JubakOh, Canada!

Maybe AmBev (ABV) should challenge Canadians to see if they can outdrink the company’s Brazilian customers.

AmBev announced on March 3 that organic sales volume grew in Brazil by 3.6% in the just-completed fourth quarter of 2010, and in southern Latin America by 2.6% -- but fell by 5.3% in Canada. (If you own this stock, remember to ask for Labatt in Canada.)

Thanks to volume growth and price increases, net sales climbed by 12%.

Sales in Canada have been a problem for quarters now, so this most recent decline isn’t a new problem on the downside. Neither are rising costs for raw materials, such as sugar (or actually the rising cost of hedges against higher sugar prices).
 

Looking at the bright side of the week's news.

By Motley Fool Pick of the Day Mar 4, 2011 3:53PM

If you're feeling good about the market these days, you're not alone. Follow along as long-time Fool Rick Aristotle Munarriz takes us through some of this week's more uplifting headlines.

 

Rex Moore, Motley Fool Top Stocks Editor

 

1. The new tablet gestation period
Apple (AAPL)
spoils its gadget owners with annual product line updates. When the world's most valuable tech company set up a media event in California for Wednesday, it was a safe bet that Steve Jobs -- yes, he was there -- would be unveiling the iPad 2.

He did, but Jobs didn't point to some early April date for the launch of Apple's latest "magical" tablet. Instead of matching last year's April launch of its trendsetting iPad, the beefed up iPad 2 will hit the market a week from today -- and at the same price point.

 

While investors are preoccupied with political turmoil in the Middle East and rising oil prices, an old problem festers.

By Anthony Mirhaydari Mar 4, 2011 2:46PM

If you were wondering what the next shoe to drop was, well here it is: The European Central Bank's "strong vigilance" against rising inflation will likely result in higher interest rates as soon as next month. I talked about that in my last blog post.

 

But here's the kicker: This will tighten the noose around Portugal, forcing that country to follow Greece and Ireland in accepting an EU-IMF bailout package. Also contributing is a failure by Europe's political leaders thus far to agree to an expansion of their sovereign rescue fund, the EFSF.

 

The mechanism for action will be higher bank funding costs via higher interest rates and higher loan losses as the eurozone struggles under the export-limiting influence of a stronger euro which is up nearly 16% against the dollar since January. A stronger currency, according to Capital Economist chief European economist Jonathan Loynes, is that "last thing the already uncompetitive peripheral economies would appear to need." And all of this will call into question the solvency of Spain -- a country so large that the eurozone's rescue fund may not be able to save it.

 

The former Federal Reserve chairman says gold prices are important to watch, and that people are underestimating corporate paper profits.

By Kim Peterson Mar 4, 2011 2:11PM
Credit: ((C) J. Scott Applewhite/AP)
Caption: Alan GreenspanHe's baaaaack! Alan Greenspan pops into the investor spotlight again, sitting down with CNBC to talk about the economy, oil prices and the dollar.

Earlier this week, we saw Warren Buffett pooh-pooh gold as an investment, saying he'd much rather own farmland or Exxon Mobil (XOM). But Greenspan seems to view gold as an important indicator of what's going on in the global economy, especially as central banks around the world jump into the gold rush.

"What the price of gold is saying is essentially that there are elements within the marketplace which feel very uncomfortable with respect to what's going on generally," the former Federal Reserve chairman said. "It's not an accident that you're finding that central banks are going in to buy gold."

Greenspan emphasized that he isn't calling for a return to the gold standard. 
Tags: gold

Here are three stocks the storied value investor is adding to his firm's portfolio.

By TheStreet Staff Mar 4, 2011 1:06PM

By Jonas Elmerraji, Stockpickr

 

Ever since the SEC's 13F form, which requires institutional investment managers to disclose holdings, fell into public purview in the late 1970s, "standing on the shoulders of giants" has become a popular investment option. By seeing what the professionals are buying, individual investors can invest alongside them, even if their portfolios aren't big enough to catch the investment manager's attention.

 

In the value investing world, there are few giants as big as Legg Mason's Bill Miller. As the chairman and chief investment officer of Legg Mason Capital Management, Miller heads the firm's storied Value Trust (LMVTX), a mutual fund that stands near the top of the pack in long-term returns (even if more recent returns have been rocky).

 

With a renewed focus on finding diamonds in the rough of the equity market, it makes sense to pay attention to what Miller's LMCM is buying right now -- particularly new additions to the firm's portfolios.

 

The company's financial position improves on higher fourth-quarter profits, but the U.S. market is still a big weak spot.

By Kim Peterson Mar 4, 2011 12:38PM
Credit: (©Mel Evans/AP)
Caption: Wal-Mart StoreWal-Mart (WMT) is doing something for the shareholders who have stuck with its underperforming stock. The company is upping its annual dividend by 21%.

Wal-Mart increases its dividend every year, but this year's boost is on the hefty side. The dividend grows to $1.46 from $1.21. The company will pay out 36.5 cents a share every quarter, in April, June, September and the following January. The stock was unchanged Friday on the news at $52.

The dividend increase follows other good news: Profits are up. The company notched a 27% increase in profit during the crucial fourth quarter, helped along by cost-cutting and international sales.

So finally, we're starting to see some positive movement here, but not all is well in Bentonville. All of Wal-Mart's growth now comes from overseas; in the United States, the retailer is struggling. 

The tech retailer may face hurdles gaining approval for a store in New York City's historic Grand Central Terminal.

By TheStreet Staff Mar 4, 2011 12:30PM

By Olivia Oran, TheStreet

 

Rumors are circulating that Apple (AAPL) may launch its biggest retail store in New York City's Grand Central Terminal. If true, the move into one of the city's most historical fixtures could draw the iPhone maker into a complicated and cumbersome approval process.

 

The Cupertino, Calif. consumer electronics maker is aiming to make the transportation hub home to its biggest retail location, according to reports. Apple's largest store today is its 16,300 square feet spot in London's Covent Garden.

 

Apple could not be reached for comment about its retail expansion plans.

 

This week's dumbest business moves include Gupta's insider trading case, Weatherford's big accounting error and Consumer Reports' Chevy Volt slight.

By TheStreet Staff Mar 4, 2011 11:56AM

By TheStreet Staff, TheStreet

 

Here is this week's roundup of the dumbest actions on Wall Street.

 

5. Gupta trips on tips

 

Typically insider trading cases involve lower level Wall Street soldiers that stumble into information that they realize can net them a quick pay day. They are also quickly caught, since the usually call their family broker to buy millions of shares of a no name stock just before it skyrockets.

 

There's enough reserve capacity to offset any major supply disruptions, and OPEC's lack of urgency may be the single biggest sign that the crisis may soon pass.

By Jim Cramer Mar 4, 2011 10:15AM

jim cramerthestreetWhere's the emergency OPEC meeting? Where's the meeting of the producing countries that will set everything right and bring down the oil prices to levels that are not boom-or-bust like the last time in 2008, when the price of oil was cut in half just a few months after hitting $147? Why is the organization waiting until its regularly scheduled June meeting to talk about this emergency?

 

Because, believe it or not, there is no emergency. OPEC's calm because the Saudis have more than enough spare capacity -- double what it had three years ago during the last shock. That's right, double, according to JPMorgan's just-released The Eye of the Market bulletin, the most cogent piece of research to hit my desk each week.

 

Plus there are more than 4 billion barrels of spare capacity in strategic petroleum reserves worldwide, including in the United States. That oil can and should be released if things get out of control. In fact, the U.S. should be unleashing it now to offset the inflation it causes rather than raising rates which could break the entire economy ... in large part because of oil prices.

 

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[BRIEFING.COM] The stock market finished the Wednesday session on an upbeat note with the Nasdaq (+1.3%) ending in the lead. The S&P 500 settled higher by 1.1% with all ten sectors posting gains.

The benchmark index spent the entire trading day in the green, rallying to new highs during the last hour of action. The tech-heavy Nasdaq, meanwhile, briefly dipped into the red during morning action, but was able to recover swiftly.

Stocks began the trading day with modest gains ... More


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