If everything goes as planned, this week will be the busiest for initial public offerings since 2000.
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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.
Boeing will increase production as it ups its expectations for aircraft orders.
The stock slips on worries that revenue growth is slowing. So is it time to buy?
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 Gregg Greenberg, TheStreet
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.
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.
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.
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.
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.
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Their stocks have held up surprisingly well and could lead the market's next leg higher. These 3 might be worth a nibble.
The critics nuke Duke, and Pandora's out of the box.
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.
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 Don Dion, TheStreet
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.
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.
We'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.
Starting Friday, renters can get video games in addition to Redbox's traditional movie offerings.
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."
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3 stocks will be in the spotlight Thursday as investors try to make sense of the numbers from the sector.
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[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
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