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Credit Suisse's CEO misses a massive divorce payment. Bill Miller's faith in film delivers him a huge loss. The Myspace fire sale and reports of a Zynga IPO add up to a big week in social media.

By TheStreet Staff Jul 1, 2011 8:15AM

the streetBy Gregg Greenberg, TheStreet 

 

Here are some of the dumbest actions in business this week.

 

5. Dougan's Dumbness

 

You wouldn't think someone as fiscally savvy as Credit Suisse (CS) CEO Brady Dougan would lose three-quarters of a million dollars because of a 12-day late divorce payment.

 

The Connecticut Supreme Court, the state's highest, ruled Monday that Dougan owes his ex-wife more than $750,000 in interest for being 12 days tardy with a $7.5 million divorce-related disbursement. Dougan argued he should owe interest only for the dozen days the payment was late and even threw in an extra $25,000, representing 12 days' worth of interest.  

 

Tempted to buy companies like Broadcom and Intel before earnings? Wait a couple of months.

By Jim Cramer Jul 1, 2011 7:05AM

jim cramerthe streetPeople are trying to get ahead of the second half's annual rally in tech stocks, and I think they are way too early.

 

You shouldn't buy Broadcom (BRCM) or Intel (INTC) or any company in the Philadelphia Semiconductor Index right now. You have to wait to see the whites of their eyes, not just their eyes, and that won't happen until we get to late August.

 

Sure, you might want to take advantage of their underperformance and pick up some shares. But the ones you should pick up are the ones that are undervalued because their stocks are punk, not their earnings. That would be big data-center stocks, like IBM (IBM), EMC (EMC) and NetApp (NTAP), and you are seeing a big percentage gain in the latter. Or it would be cloud stocks, VMWare (VMW), Citrix Systems (CTXS) and Salesforce.com (CRM), although I would tell you that none of these are really down, per se.

 

Consumer Reports readers rank the chains. The results probably won't surprise you.

By Kim Peterson Jun 30, 2011 3:53PM
Image: Family eating burgers (© Bananastock/Jupiterimages)The largest fast-food chains also have the worst food and service, according to a survey of Consumer Reports readers.

The magazine asked nearly 37,000 subscribers to rate 53 fast-food chains, and said the lowest marks went to McDonald's (MCD), Burger King, KFC and Taco Bell. All of those chains had uninspiring food and so-so service, Consumer Reports readers said.

"Chains like McDonald's and Taco Bell boast supersized values, but consumers don't necessarily think they offer much bang for the buck," an editor at Consumer Reports told Reuters.

Only 11% of subscribers said the food at those four chains was "excellent," but 15% to 19% described the food as fair, poor or very poor. McDonald's was last place in the hamburger category. 

Investors should focus on the gap between price and value, Intrepid Capital Funds' Mark Travis says.

By TheStreet Staff Jun 30, 2011 12:46PM

By Robert Holmes, TheStreet

 

With stocks in a slump -- the benchmark S&P 500 ($INX) has fallen 5% from a peak two months ago -- individual investors are trying to figure out which companies may rebound because they offer value and which may continue their slide.

 

In this topsy-turvy world -- even hot-gadget maker Apple (AAPL) and defensive stalwart Exxon Mobil (XOM) are down -- emulating private-equity investors' approach to evaluating companies may be the smartest move.

 

Stocks are barely up so far in 2011 after two years of strong gains as higher commodity prices crimp corporate profits, consumer spending is lackluster amid high unemployment and the Federal Reserve is ending its second stimulus program this month. By focusing on corporate balance sheets and private-market valuations, investors may be able to navigate volatility in these summer months.

 

Investors should look to emerging economies for gains in the second half of the year, Jim Jubak says.

By Jim J. Jubak Jun 30, 2011 12:14PM
The first half of 2011 was all about high performance from the U.S. and developed economies, MSN Money columnist Jim Jubak says. 

For the rest of the year, he says, investors should look to emerging economies, and his top five stock picks for the next six months reflect that.

Jubak explains his picks and answers some questions from viewers in the following video.

Post continues below:
 
Tags: gm

Here are four funds that have taken advantage of the recent decline in commodity prices.

By TheStreet Staff Jun 30, 2011 11:35AM

By Don Dion, TheStreet

 

Once seemingly impervious to weakness, the commodities space has recently been cast under an unsettling shroud of uncertainty, leading many investors to question the long-term strength and attraction of hard assets.

 

Although in the near term, those looking for direct access to energy, minerals, and individual agricultural products may face an uphill climb, there are a number of ways ETF investors can actually benefit from the recent upheaval in commodities. Below are a handful of funds that look set to benefit as resource prices remain subdued.

 

SPDR S&P Retail ETF (XRT): Throughout the final months of 2010 and first quarter of 2011, cotton prices stuck to a steep upward path, as evidenced by the rise of the futures-tracking iPath Dow Jones UBS Cotton Subindex Total Return ETN (BAL).

 

We're in the midst of a huge social-media bubble, and as these stocks start popping, some will prove to be spectacular duds.

By Jim Cramer Jun 30, 2011 9:11AM

the streetjim cramerIt's not who is the next E-Toys or Webvan, two of the most spectacular crash-and-burn dot-coms of a bygone era. It's who is the next MySpace, the social-media bomb that News Corp. (NWSA) paid $580 million for and has now reportedly sold for a mere $35 million in a hasty bid to get the darned thing off the balance sheet by the end of the quarter.

 

MySpace was all the rage at one point, before it was polluted by ads and superseded by super-slick Facebook. At the time News Corp. purchased MySpace, it was considered to be the coolest move by old media to capture the pizazz of new media.

 

We know we have a huge bubble going on for the moment when we hear that games maker Zynga could be valued at three times higher than Electronic Arts (ERTS). We know we have a huge bubble when the barely profitable LinkedIn (LNKD) garners an $8 billion valuation after eager investment bankers slap buys on it, no doubt in a pre-Spitzer attempt to wrangle more social-media business in the future.

 

Once valued as high as $1 billion, the struggling social-networking site gets a deal for only $35 million.

By Kim Peterson Jun 29, 2011 3:37PM
In this time of outrageous valuations, where anything remotely related to technology is automatically worth billions, one-time hotshot MySpace has sold for a mere $35 million.

News Corp. (NWS) has sold the social media site to an online advertising company called Specific Media. Although the price wasn't announced, the AllThingsD site reports that it was $35 million. That's well below the $100 million News Corp. initially wanted.

At one time, MySpace was worth a cool $1 billion. And News Corp. bought it six years ago for $580 million. Oh, how things have changed.

Check out the following video news report on the deal. Post continues after video: 

Emerging markets are the rage these days.

By V.N. Katsenelson Jun 29, 2011 3:35PM
Emerging markets are the rage these days. Investors, desperate for growth, have been increasing their allocations to developing countries, where GDP is rising at a faster clip than in most mature nations. Although I agree that investors should look outside the U.S. market — especially given that many U.S. stocks are overpriced or fully valued — they don’t need to be “the Indiana Jones of international investing” by diving into countries where the rule of law is still in its infancy, as I wrote in my book on sideways markets. There are plenty of great opportunities in developed nations that have stable political systems, rule of law and proper financial accounting.
 

Wherever you put your money, it’s important to stick to your investment discipline. As a value investor, I focus on three attributes: quality, growth and valuation. A quality company will have long-term-oriented, shareholder-friendly management; a competitive advantage that will protect its future cash flows from rivals; a high return on capital; and a strong balance sheet. Its business will also have a high recurrence of revenue, which will result in stable cash flows.

 

Investors looking for exposure to the now-strengthening tech sector should focus on these two stocks, which are likely to outperform even tech’s finest in the near term.

By MoneyShow.com Jun 29, 2011 3:04PM
By Tom Aspray, MoneyShow.com

Since the mid-June lows, the technology sector has been stronger than the S&P 500 and the Dow Industrials. 

As these two major averages were testing their prior lows and key support last Thursday, the PowerShares QQQ Trust, Series 1 (QQQ) was holding well above its prior lows. This was a positive sign, as was the better relative performance, or RS analysis, for both the Dow Transportations and the Russell 2000.

As I noted last Friday, the Advance/Decline (A/D) indicators needed a strong rally early in the week to complete their bottom formations. The strong action over the past two days has provided further evidence that the stock market’s correction is now over. A pullback is likely in the next week once stronger resistance is reached.

Many market participants were surprised by the sharp 6% gain in Microsoft (MSFT) over the past two days. MSFT and many of the other big technology stocks are now considered by investors to be “value traps.” 

While the technical outlook for MSFT has improved, it still shows weaker relative performance than two other big tech stocks, which now look attractive from a risk/reward perspective.
 

A painful multi-month decline in stocks and risky assets comes to a definitive end on key technical breakouts.

By Anthony Mirhaydari Jun 29, 2011 2:01PM

The sell-off in stocks and risky assets, which began with bank stocks back in February and spread like an infection in the months that followed, appears to be well and truly over. The end couldn't come soon enough. From its peak, the Dow Jones Industrial Average shed nearly 8% to its intraday low last week.

 

The catalyst for the rebound, as I've been discussing in my recent blog posts and columns, has been a turn in the economic data here at home as well as a vigorous response by European policymakers to the latest Greek debt problem. Home prices are moving higher again as sales perk up. And the index of leading economic indicators suggests that GDP growth is set to re-accelerate later this year. With sentiment so low, it's easy for the data to surprise markets to the upside. And that's precisely what's happening now.

 

As a result, the bulls have pushed stocks up and out of its two-month downtrend while haven assets like U.S. Treasury bonds plummet. In fact, T-bonds are falling with a violence not seen since last October -- a sign that investors are feeling confident. This, along with solid market breadth and other technical indicators, suggests this new uptrend has legs. Here's why.

 

Saving 10 cents a gallon sounds great until you consider what you'll give in return.

By Kim Peterson Jun 29, 2011 1:56PM
Image: Filling fuel tank (© Corbis)At a time when gas prices still top $3.50 a gallon in many states, Wal-Mart (WMT) offers what sounds like a great deal: Save 10 cents a gallon all summer long.

Just what we need, with months of road trips ahead of us. And it's just what Wal-Mart needs, too, as it tries to reverse its worst U.S. sales slump ever.

Unfortunately, the discount is good only at Murphy USA and Wal-Mart gas stations in 18 states, mostly in the heartland (full list here). California and the Northeast are out of luck.

So if you're in the right state, is this a good deal? As it turns out, what Wal-Mart gets in return more than compensates for any loss it takes from the discount. Let's go over what Wal-Mart receives from this promotion: 

The 3,600-square-foot advertisement is part of Coca-Cola's mission to go green -- and make more green as a result.

By InvestorPlace Jun 29, 2011 10:45AM

Image: Coca-Cola billboard in the Philippines made of thousands of tea plants (© Lory Tan/WWF)Coca-Cola Co. (KO) is one of the most innovative companies on the planet. According to some accounts, Coke is responsible for the proliferation of the six-pack and even the image of the modern Santa Claus as we know it, thanks to its yearly holiday ad campaigns.


That spirit of innovation and creativity at Coke lives on in green business practices and environmentally friendly products for the 21st century. While Coca-Cola certainly does plenty of things to decrease its carbon footprint, perhaps none is more spectacular than its recent construction of a 3,600-square-foot living billboard.


Made from recycled bottles and thousands of tea plants, the billboard takes Coke's green streak to another level.

 

The Malaysia and Indonesia ETFs have been refreshingly stable while other global funds have slumped.

By TheStreet Staff Jun 29, 2011 10:44AM

By Don Dion, TheStreet

 

Weeks of shaky action has taken its toll on investor confidence, leading many individuals to a "risk-off" mindset. Interestingly, as droves of people flee risky corners of the investing universe, many of these areas are starting to outperform.

 

For instance, Southeast Asia has become a shining region of the globe as developing nations including Malaysia and Indonesia pull ahead of developed countries such as the U.S., Canada, and the European Union. Using ETFs, investors have the opportunity to target each of these emerging leaders.

 

The Market Vectors Indonesia ETF (IDX) and the iShares MSCI Malaysia Index Fund (EWM) are the largest, most liquid options for individuals looking to take on exposure to these two Southeast Asian superstars.

 

Autos, energy and clothing offer the best ways to take advantage of a peak in commodities as we enter the second half of the year.

By Jim Cramer Jun 29, 2011 8:00AM

jim cramerthe streetWhen did we become so darned unimportant? When did we officially become an annex of Europe, trading with the worst of the worst, the lowest of the low -- Greece, Spain, Portugal and the like?

 

I think the answer is when we failed to create any jobs to speak of and became a suspect place in which to do business. It happened when our budget deficit became laughable, such that everyone knows that any other country with a balance sheet like ours would see its interest rates soar. I think we became this way once it was clear that China's tightening was more important than our loosening.

 

That's the bad news.

 

The good news is that with the sudden break in commodity inflation, we have a chance to create some wealth in the companies that export overseas and depend on emerging growth. That's because emerging-growth countries will stop being forced to slam on the brakes, as they have for most of this year.

 

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[BRIEFING.COM] The stock market finished the Wednesday session on a modestly lower note, but it is worth mentioning today's retreat took place after six consecutive gains. The Dow Jones Industrial Average (-0.1%) and S&P 500 (-0.2%) settled not far below their flat lines, while the Nasdaq Composite (-0.8%) lagged throughout the session.

Equity indices started the day in the red, with the Nasdaq showing early weakness as large cap tech names and biotechnology weighed. The technology ... More


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