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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A list of some of the more outrageous costs airlines try to extract from customers.
This is so preposterous it's kinda funny. Airline fees are so out of control that one airline is now offering to reduce them -- for a fee.
The "boarding and flexibility package" by American Airlines (AMR) promises not to charge you to get on standby. And it will take $75 off the regular $150 fee if you need to change your flight. All for an additional fee of $9 to $19, The New York Times reported.
Got that straight? The fee frenzy doesn't stop there. Susan Stellin of the Times lists some of the most outrageous airline gouges:
The Brazilian president has a big say in the oil company's ability to develop new fields.
Forget about news that Petrobras (PBR) has made a new oil discovery off Angola with at least 500 million barrels of oil, or that it is beginning production from the Urugua offshore oil field this week.
The only discovery that counts for Petrobras shares is what price the Brazilian government will charge the company for as much as 5 billion barrels of deepwater reserves in the deep, deep water pre-salt deposits off Brazil's South Atlantic coast. (Petrobras is a member of my Jubak Picks 50 portfolio).
As part of a complex plan to finance the development of the offshore fields, such as the apparently giant Tupi field that Petrobras has discovered but now needs to put into production, the government plans to sell Petrobras 5 billion barrels of reserves. The company will raise the purchase price of the reserves through a stock offering.
Buzz about secret meetings between the Internet power players raises worries about network neutrality.
Sorry, Huffington Post, this is not the end of the Internet as we know it. But it is a very messy, very thorny issue, and the Internet's biggest players are trying to get a seat at the table in the early stages while we figure this all out.
Here's the core problem: Our Internet capability in the U.S. is pathetic. We have less broadband -- and slower connections -- than many countries in Europe and Asia. We should be talking about building new online superhighways (to use an old term), but instead we're trying to figure out who should play traffic cop.
J&J and Pfizer are among the sector's duds.
By Louis Navellier, editor of Blue Chip Growth
Health care stocks are a vital part of most investors' portfolios. The theory goes that people will always get sick, so these companies will always have healthy profits.
Well, unfortunately, some rough quarterly earnings reports and dips in share values in recent weeks have proved that even the health care sector is subject to some volatility and that no earnings are guaranteed.
Here are three pharma and medical blue chips that have not lived up to expectations and are hazardous to the health of your portfolio:
It is doubtful that second-quarter earnings will affect the sale of the company in any meaningful way.
Adult-entertainment icon (or dinosaur, depending on your perspective) Playboy Enterprises (PLA) reported second-quarter earnings results today that missed expectations by the proverbial penny.
Does it really matter?
For the period, the company stated that it had lost 16 cents per share in the quarter versus analyst estimates calling for a loss of 15 cents. Revenue in the period dropped to $56 million versus an expectation of $58 million.
If not for the prideful efforts of Hugh Hefner and his bid to buy outstanding shares at a premium valuation of $185 million, taking the company private, this stock would have little going for it.
Blockbuster movies also contribute to a 52% rise in earnings.
By Theresa McCabe, TheStreet
Viacom (VIA) said second-quarter earnings rose 52% as the company slashed expenses and profited from blockbuster movies such as "Iron Man 2" and "Shrek Forever After."
For the quarter ended June 30, earnings climbed to $420 million, or 69 cents per share, compared with earnings of $277 million, or 46 cents, in the same period a year ago. Earnings from continuing operations were 68 cents per share, beating analysts' estimates of 66 cents per share.
Total expenses fell 7.6% to $2.51 billion from $2.71 billion.
They misjudged the travel, industrial and medical sectors. If they're also wrong about tech, bullish investors could benefit.
By Jim Cramer, TheStreet
Maybe U.S. analysts just can't understand Europe. Maybe they are baffled by how Europeans think or work.
You know there's some disconnect simply by looking at three particular companies in three different industries: Allergan (AGN) in the health care sector, Priceline (PCN) in travel and leisure, and Eaton (ETN) in manufacturing.
Earlier this week, Allergan reported a fantastic number, and a great deal of that rally came from strength in Europe that the analysts just hadn't seen.
A correction is likely soon after last month's surge, so investors should protect themselves.
By Richard Band, editor of Profitable Investing
If business activity keeps chugging along, as I believe it will, stock prices will bounce back.
However, the recovery process will likely take several months. Investor psychology has been wounded. Before marking up share prices significantly, Wall Street will need to hear a lot more good news than we’ve had lately. That means you need to protect your portfolio -- and I have two stocks that will help you do just that.
A source says a deal with Verizon could mean film studios would pay more for delivering higher-quality downloads.
On the issue of network neutrality, Google seems to have gone over to the dark side.
While the Federal Communications Commission continues to wrestle over the issue, Verizon and Google have reached a tentative deal on handling Internet content that could lead to film studios being charged extra if they want to deliver better-quality movie downloads, an individual familiar with the deal has told TheWrap.
The as yet unannounced agreement -- potentially to be presented to legislators or the Federal Communications Commission as a model for legislation -- essentially anticipates the splitting of Internet connections into two lines. One would be for normal traffic and one for "managed services," the source said.
Runaway economic growth, combined with inefficient energy consumption, propels China to No. 1 energy user.
The yellow metal clears significant technical resistance -- setting the stage for a test of record highs.
After flirting with new highs in June, gold has been out of sight and out of mind for most investors. In other words, the gold bugs have gone into hiding. The yellow metal has been trapped in a relentless downtrend that took prices down 8.5%.
You can't really blame people for looking the other way. Stocks are up more than 11% over the past few weeks. But things are changing now.
It's been a good couple of days for gold -- since July 28 the Gold SPDR (GLD) has gained more than 3.3% while stocks have gained just 1.5%. More importantly, gold prices have broken up and out of its month-long downtrend. Technical indicators and investment flows all now suggest that higher prices are ahead for the precious metal.
The company is putting more money into long-term investments.
But some people may not have an accurate view of Apple's cash position. That's because some financial reporting services don't count long-term marketable securities as cash, writes an industry analyst at Asymco.
Apple has vastly increased its long-term securities in a short period of time. In 2008, it had pretty much nothing in the long-term category. But as of the most recent quarter, more than a third of its cash was held in a long-term vehicle, according to Asymco.
Burned by a flattened economy, younger investors are staying conservative with their money.
But kids these days are having none of it. Now, younger investors are just as terrified of risk as their grandparents, reports The Wall Street Journal.
In a recent Merrill Lynch investors survey, 52% of those 18-to-34 years old said they have a low tolerance for risk today. That's just a few percentage points behind the over-65 group (of which 55% said they have a low tolerance for risk).
The SEC targets one of the biggest no-no's in the business.
But Baldt's star has fallen hard, and now he's being investigated by the U.S. Securities and Exchange Commission for insider trading.
The SEC has been cracking down on mutual fund managers, accusing them of essentially doing the same thing: Telling family members to sell fund shares when the financial world was collapsing in fall 2008.
The largest book retailer in the US may put itself up for sale. Who are the potential buyers?
By Jeanine Poggi, TheStreet
Barnes & Noble (BKS) may nail a "For Sale" sign on its front lawn, which could draw interest from an array of potential suitors.
The largest U.S. book retailer said Tuesday that it is considering strategic alternatives, including a possible sale. "The board came to this decision based on the price of Barnes & Noble shares in the marketplace, which the board believes are now significantly undervalued," Barnes & Noble said in a statement.
The company's founder and biggest shareholder, Leonard Riggio, has already said he is considering bidding for the company along with a larger group of investors.
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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] S&P futures vs fair value: -1.00. Nasdaq futures vs fair value: +1.20. The S&P 500 futures trade one point below fair value amid mostly upbeat overseas action.
Reviewing overnight developments:
- Asian markets ended lower. Japan's Nikkei -1.0%, Hong Kong's Hang Seng -1.8%, and China's Shanghai Composite -2.9%.
- Participants received several economic data points:
- China reported a trade deficit of $22.98 billion (surplus of $14.50 ... More
- Participants received several economic data points:
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