Get ready for a flood of IPOs
Flood of IPOs land this week

If everything goes as planned, this week will be the busiest for initial public offerings since 2000.


Indicators are mixed, and events next week could tip the scales to the bears or bulls, but sideways trading in the short term seems likely to be followed by a solid rebound.

By Jun 17, 2011 7:44PM
By Tom Aspray,

The six-week decline in the US stock market is over, at least for now. Though Friday’s rally gave bulls some hope, on the back of better than expected LEI numbers, it was not enough to change the prevailing bearish outlook for the stock market.

With speculators and many pros still on the short side of the market, and the regular investor either out or very nervous, how much higher can stocks bounce?

Both US and European markets were encouraged by Friday’s press conference from German Chancellor Angela Merkel and French President Nicolas Sarkozy. Their apparent agreement to work with the ECB on a solution for Greece’s debt problem helped calm the markets.

Standard & Poor's downgrade of Greece’s debt early in the week, not to mention the widely televised riots in that nation, had made the markets even more nervous. The plunging euro at mid-week also did not help, as reports circulated that hedge funds were making big bets on a Euro collapse.

On the Asian front, the latest news on the Chinese economy was not encouraging, as its consumer price index for May rose 5.4% from a year ago. Industrial production was positive, suggesting the economy was still growing.

Boeing will increase production as it ups its expectations for aircraft orders.

By Jim J. Jubak Jun 17, 2011 5:25PM
Jim JubakBoeing (BA) has moved the yardsticks -- both long- and short-term -- in the last few days.

First, the company announced that it will increase the production rate for its newest 737 model, to 35 per month in early 2012 and 42 per month by early 2014. Current production is 31.5 planes a month.

Second, Boeing upped its estimates for total aircraft orders -- from all manufacturers -- over the next 20 years to $4 trillion. Boeing sees the global fleet doubling in size by 2030, on a 5.1% annual growth in global passenger traffic and a declining average age for aircraft.

Higher fuel prices and tighter environmental regulations are pushing airlines to retire their planes at an earlier age. For example, Boeing projects that 94% of the planes operated by European airlines in 2030 will have entered service after 2011.

The stock slips on worries that revenue growth is slowing. So is it time to buy?

By Kim Peterson Jun 17, 2011 3:44PM
Google (GOOG) shares closed at $485.02 today -- the stock's first close below $500 since September. What's going on here?

The stock has slid 24% since peaking at $642.97 intraday on Jan. 19, and now is pretty much where it was three years ago. Its forward price-to-earnings ratio is a mere 13.8, and most analysts think the stock is undervalued.

Google hasn't become a slow-growth company, but the stock market is treating it like one. So is it time to buy Google shares?

Let's go over some of the reasons investors are disappointed in the company: 

Donor pays $2.63 million to eat steak with Buffett. Dick Bove calls out Cohan for "hot air" comment. J.C. Penney shares take a wild ride.

By TheStreet Staff Jun 17, 2011 2:39PM

TheStreetBy Gregg Greenberg, TheStreet


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


5. Lunch lunacy


What kind of value investor forks over $2.63 million for a steak lunch?


The anonymous bidder who ponied up this outlandish amount to charity will get to dine with the king of all value investors, Berkshire Hathaway's (BRK.B) Warren Buffett.


One of the company's largest stakeholders criticizes management and says he's dumping half of his holdings.

By Kim Peterson Jun 17, 2011 1:35PM
Research In Motion's (RIMM) shares dropped 21% Friday to $27.87. Who could have imagined that this stock would fall below $30?

Not long ago, it seemed the company could do no wrong. Its BlackBerry device was a must-have for business and a status symbol for executives. RIM had the business world in its palm.

But the company and its stock has been on a devastating downward spiral, punctuated by disappointing quarterly earnings like the report we saw Thursday (Charley Blaine has the gory details here).

And now, even some of RIM's top investors are publicly bashing the company. 

Bargain-hunters return after one of the worst sell-offs in decades.

By Anthony Mirhaydari Jun 17, 2011 1:11PM

Investors have suffered a crisis of confidence over the past few weeks as all the negative factors I started discussing in my columns and blogs months ago -- the eurozone crisis, inflationary pressure, high gas prices and Japan's supply-chain problems -- replaced an air of confidence and optimism with fear and  distrust.


As a result, by some measures, stocks fell to their most oversold levels since 1999, as I discussed in my most recent blog post. And then they continued falling.


But now it appears that the turn I've been writing about is finally at hand as the economic fundamentals improve and bargain-hunters enter the fray. You could see this in Friday's report on leading economic indicators, which jumped more than expected, thanks to an increase in the yield curve (the subject of my previous column), consumer expectations and permits for new housing. And you can see it in the way bullish investors have initiated new uptrends in solid companies like United Technologies (UTX) and Kraft (KFT) by bidding shares up and over their 18-day moving averages.


This is just the start.


The consumer-review website is reportedly getting ready to file in August.

By Kim Peterson Jun 17, 2011 1:08PM
Now I've heard everything. The website Angie's List is preparing to file in August for an initial public offering, Bloomberg reports.

The website publishes consumer reviews about plumbers, roofers, mechanics and other service providers and charges users a membership fee. In the Phoenix market, for example, the fee is $39 for one year. The company also gets revenue from advertising.

Perhaps I shouldn't dismiss Angie's List at first glance. Perhaps the company has huge plans that warrant an IPO. We'll know more when it files its paperwork to go public. The company has picked Bank of America (BAC) to lead the IPO, Bloomberg reports.  

What is Pottermore, and what does it mean? Rumors abound of a new venture.

By Kim Peterson Jun 17, 2011 12:27PM
Harry Potter fans are abuzz about a new website,, that hints at a new project from author J.K. Rowling. The website shows two owls on a pink background and links to a YouTube site counting down the days until the June 23 announcement.

What's next for Harry Potter? Rowling's people say it's definitely not a new book. An editor at the Harry Potter news site HPANA got a sneak preview of Pottermore and said it's "breathtaking in scope, detail and sheer beauty."

Check out this video report about the mysterious new site and what it means for Harry Potter fans.

Post continues below: 

Their stocks have held up surprisingly well and could lead the market's next leg higher. These 3 might be worth a nibble.

By Jun 17, 2011 12:23PM
By Tom Aspray,

While concerns over the economy are continuing to grow, there are few signs that they are impacting many of the restaurant stocks. From the May 2 high close on the S&P 500, it has since declined by 6.9% (through Thursday’s close) while the S&P Restaurant index was up 1.7%. That is a differential of 8.6% in just over six weeks.

Many of the individual restaurant stocks have done even better, and typically, those stocks that perform the best during a market correction will lead the market higher once it turns around.

On the other hand, the sectors for which the technical and relative performance analysis is negative have done even worse than the S&P 500.

The technical outlook for the materials sector and the Select Sector SPDR - Materials (XLB) was discussed on May 3 (see “Will the Materials Slump Continue?”), and since the May 2 close, it is down 9.1%, as is the Select Sector SPDR - Energy (XLE). This is 2.2% worse than the S&P 500’s performance over the same time period.

On the first oversold rally in the stock market, the materials and energy sectors may see more short covering, but once the market starts a sustainable new uptrend, groups like the restaurant stocks are likely to do the best.

The critics nuke Duke, and Pandora's out of the box.

By Motley Fool Pick of the Day Jun 17, 2011 11:31AM

By Rick Aristotle Munarriz


Stupidity is contagious. It gets us all from time to time. Even respectable companies can catch it. Let's take a look at five dumb financial events this week that may make your head spin.


1. Underwriters do a little overwriting
Shares of Boingo Wireless (WIFI) surged 32% higher on Monday, after four analysts chimed in with bullish opinions.


Wait a minute. Weren't these the same four analysts that took the Wi-Fi hot-spot operator public at $13.50 just a month ago? Oh, they were.


Despite its profitability and slow yet determined growth, shares of Boingo Wireless were smacked down to $7.65 before Monday's orchestrated CPR session. There's nothing dumb about standing behind the poorly received stock that these four analysts helped take public, but why did Pacific Crest issue a price target of $13?


After some shaky years, the airline appears to be headed in a promising direction.

By TheStreet Staff Jun 17, 2011 11:14AM

Image: Airline (© Christie & Cole/Corbis)By Don Dion, TheStreet


This weekend I'll get to rub elbows with the one and only Warren Buffett when I head to Las Vegas to attend a NetJets-sponsored poker tournament.


So far, 2011 has proved an interesting and controversial year for Berkshire Hathaway's (BRK.A) fractional jet ownership company, and there's a good chance the Oracle of Omaha will use the event to ease tensions and restore customer confidence in the company.


Since Berkshire initially acquired NetJets in 1998, the company has been a tricky investment. As Buffett noted in his 2010 Berkshire letter to shareholders, "Even though NetJets was consistently a runaway winner with customers, our financial results, since its acquisition in 1998, were a failure."


After much hype surrounding some big-name public offerings, Bankrate and others are falling short. Is the 2011 IPO scene flaming out? With video.

By InvestorPlace Jun 17, 2011 11:00AM

By Jeff Reeves, Editor,

Bankrate (RATE) made its big debut on Wall Street on Friday morning, raising about $187.5 million in its IPO. The offering was priced at $15 a share.


But as with other IPOs lately, the initial price didn't hold. In early trading, Bankrate had slumped as low as $14.10 a share.


What makes Bankrate interesting, however, is that unlike other recent offerings, it didn't even get the hoopla of a big bounce right out of the gate. That bodes very ill for upcoming 2011 IPOs that could include Dunkin' Donuts, Groupon and Facebook.


Let's look back at some of the biggest recent offerings to show you what I mean.


No matter the cause of crude's precipitous decline, consumer spending will rebound as the price of gasoline drops.

By Jim Cramer Jun 17, 2011 9:58AM

jim cramerthe streetWe're not seeing the stories yet. The stories that say, "Gasoline has come down so much that people are going out more again." We didn't see them in 2008 either.


But it happened. And judging by the violence of the move down coupled with the charts being horrendous for crude and the soon-to-be-toppled Moammar Ghadafi, you are going to be getting that good feeling real soon. I had thought my $90-a-barrel price target was a stretch when we got to $110, but I am now thinking that looks too high!


It took about three months from oil's outrageous peak to its hideous trough in 2008 before we saw a spending rebound -- and remember, that was during a period of heavy layoffs. You still saw spending go up, principally because the oil "tax" on consumers eased.


A profitable combination of diverse businesses puts DuPont on the path to solid revenue growth.

By Jim J. Jubak Jun 16, 2011 5:37PM
Jim JubakThis isn’t your parents' chemical company anymore.

For example, E I du Pont de Nemours (DD), DuPont to its friends, got 28% of its sales in 2010 from its agriculture and nutrition segment. (That percentage will go up once DuPont integrates its acquisition of Danisco, the world’s second-largest producer of enzymes for biofuels and foods, in 2012.)

Of that, 59% comes from Pioneer Hi-Bred, the world’s largest seed company.

Another big hunk of sales come from what I’d called advanced materials. For example, 10% of sales in 2010 came from electronics, advanced display, and photovoltaic products.

Another 20% of sales fall into the performance materials unit, which produces such things as engineering and industrial polymers. Safety and protection fibers, such as Kevlar, account for 10%.

Starting Friday, renters can get video games in addition to Redbox's traditional movie offerings.

By Kim Peterson Jun 16, 2011 4:23PM
Redbox, owned by Coinstar (CSTR), is beating Netflix (NFLX) to the video-game punch.

Starting Friday, the company will begin renting video games at 21,000 stores across the United States, the Associated Press reports. The games will rent for $1.50 a day. Redbox already charges $1 to $2 to rent DVD movies for a day.

Redbox has been testing video-game rentals since 2009. The move gives the company an advantage over Netflix, which doesn't rent video games. Some of the games available at Redbox will include "Call of Duty: Black Ops" and "LA Noire." 


Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.


StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

118 rated 1
270 rated 2
472 rated 3
714 rated 4
624 rated 5
608 rated 6
623 rated 7
445 rated 8
319 rated 9
125 rated 10

Top Picks


Trending NOW

What’s this?



Quotes delayed at least 15 min


Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.


There’s a problem getting this information right now. Please try again later.
There’s a problem getting this information right now. Please try again later.
Market index data delayed by 15 minutes

[BRIEFING.COM] S&P futures vs fair value: -9.40. Nasdaq futures vs fair value: -25.00. U.S. equity futures are on the defensive amid cautious action overseas. Global equities have been pressured by disappointing earnings from heavyweights like Adidas, Samsung, and Lufthansa. The S&P 500 futures hover nine points below fair value.

Reviewing overnight developments:

  • Asian markets ended mixed. Japan's Nikkei -0.2%, Hong Kong's Hang Seng +0.1%, and China's Shanghai ... More


There’s a problem getting this information right now. Please try again later.