It's no Alibaba, but the Citizens Financial Group offering is important to the market.
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Could the social-networking site handle a massive offering all by itself?
According to the Wall Street Journal, Facebook chief financial officer David Ebersman "has told bankers he is skeptical about the value bankers could bring to such a deal." That nugget, courtesy of anonymous sources, was designed to make the masters of the universe who arrange multi-billion dollar deals quake in their $695 Gucci loafers. It probably worked.
Though the insurance company has been facing headwinds, there are long-term reasons for investor optimism.
Aﬂac (AFL) ought to be reveling in its own success. As the top seller of cancer and medical insurance products in Japan, Aﬂac produces predictable cash ﬂows from premiums on these policies.
But the shares have been volatile, reflecting its fight against the currents of Japan’s natural disaster and Europe’s debt crisis.
The company has grown sales 7% and per-share proﬁts 14% over the last year, and expectations are for modest growth in 2012 (8% in sales and 4% in per-share proﬁts).
A coordinated intervention by the world's central banks to pump money and liquidity into the system suggests things in Europe are worse than we thought.
Things are much worse than I thought. For me, that's the real takeaway from this financial D-Day, this worldwide coordination from wealthier countries to help major banks in Europe that were clearly about to go under.
Remember, there were two risks to the situation: credit to the banks and credit to the countries. Apparently the credit had all but dried up for SocGen, for BNPParibas and maybe even for Deutsche Bank (DB). Now that credit will be freed up.
Zacks ranks this specialty retailer a strong buy and expects to see double digit earnings growth this year.
By: Tracey Ryniec
Genesco Inc. (GCO), a specialty shoe and hat retailer, is in the sweet spot for retailing. This Zacks #1 Rank (strong buy) is expected to see double digit earnings growth this year. Shares recently soared to a new multi-year high. But surprisingly, GCO is also a value stock, with a forward P/E of 14.7.
Being involved in retail since 1924, Genesco has seen its share of both good and bad economies. Headquartered in Nashville, it now operates 2,225 footwear and headwear retail stores in the U.S., Canada and Puerto Rico.
The company notched an impressive gain Tuesday after telling analysts it would target DIY customers.
This stock is on a roll, rising nearly 15% in the past three months.
You'd think the company wouldn't be faring all that well. The housing market is dismal, with home prices continuing to drop. Homeowners are cash-strapped, with little money budgeted for major renovation projects.
A single error on the company’s part can lead to dire consequences for small-scale merchants.
Groupon shares closed Tuesday at $16.01 -- well below the company's Nov. 4 IPO price of $20.
By rejecting a settlement between Citigroup and the SEC, a Federal judge seems to have struck a blow for transparency and investor protection. But the ruling could backfire.
Maybe the Occupy Wall Street movement is making everyone just a little bit more thoughtful about the roles and responsibilities of both the financial services industry and its regulators toward investors.
At least, that’s one possible conclusion we can draw from the unexpected decision by Judge Jed Rakoff, of the Federal District Court judge for the Southern District of New York, to nix the proposed $285 million settlement between the Securities & Exchange Commission (SEC) and Citigroup over allegations that the bank didn’t disclose to investors that it was involved in selecting investments for a mortgage-bond investment pool -- as it continued to sell those investments short.
The motorcycle maker's long-term strategy is running afoul with some dealers and constraining inventories of some pricier models.
CEO Keith Wandell, hoping to use Ford (F) as a template in Harley's turnaround, is streamlining production, cutting labor costs, pushing Harley into emerging markets and improving stores and customer service.
The family that controls the iconic property has filed tentative plans for a publicly traded company.
The Malkin family, which controls the property, has filed plans with regulators for a publicly traded company that includes the building, The New York Times reports.
The filing (which you can see here) doesn't say a whole lot. It refers to a company called Empire State Building Associates, and says that the Malkin family is working to include the company in a new real estate investment trust, or REIT.
Shares of the luxury retailer tank after it gives disappointing guidance for the current quarter.
Updated: 6:27 p.m. ET
Shares of Tiffany & Co. (TIF), a name synonymous with luxury, slumped Tuesday after the company spooked Wall Street with talk of "continued short-term economic challenges and uncertainties."
The stock was down 8.7% to $67.22 after Tiffany gave disappointing fourth-quarter guidance of $1.48 to $1.58 a share in earnings, way below the $1.63 analysts expected.
Europe's debt-tangle could spread to the stronger French and German economies.
JPMorgan Chase's (JPM) stock is caught up in the undercurrent that is dragging down share prices of all financial sector firms. The bank's shares are trading around $29 -- lows the stock hasn't seen since early 2009. Clearly the fact that the bank surpassed rival Bank of America (BAC) to become the largest in the U.S. in terms of total assets last quarter did not help its stock much.
In view of the weak global economic conditions -- primarily escalating debt in Europe -- and the string of lawsuits concerning the bank, we reviewed our analysis for JPMorgan and revised our price estimate for its stock from $45 to $39.
Central European Distribution has seen plenty of interest this year -- but its businesses remain troubled.
Being right for the wrong reasons
By Morgan Housel
In December 2007, I wrote an article titled "The Impending Destruction of the U.S. Economy." It was one of the more popular articles I've written for The Motley Fool. Readers cheered along with its message. It received almost no pushback or rebuttals -- a rarity. I still get the occasional laudatory email to this day.
And it was almost entirely wrong.
The article was straightforward: The economy was buried in debt, and the chicken was coming home to roost. That part was right, and late 2007 indeed marked the beginning of a debt-fueled recession that lingers today.
Short-term concerns are creating long-term value for this maker of high-tech controller chips.
I think the critical market factors that are needed to drive growth at Marvell Technology Group (MRVL) in 2012 will materialize and be solid throughout the year.
If I'm right in this assessment, I think Wall Street will wake up to the value of the story sometime during the next six to 12 months.
The glass-display maker said a major customer will not honor its contract for the fourth quarter.
The company was forced to lower its fourth-quarter profit estimates after a major customer said it wasn't going to buy as many glass displays as it had promised. Now, Corning has cut its production outlook for the glass it makes for LCD displays.
The company's main problem is that there's too much supply. Corning tried to address that by cutting its LCD glass prices, but that wasn't enough to keep its major customer on board.
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).
Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More
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