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The agency says sales of 2 orthopedic products violated federal rules.
By Andrea Tse, TheStreet
The products in question are the TruMatch Personalized Solutions System, a knee replacement device, and the Corail Hip System.
"A review of our records reveals that you have not obtained marketing approval or clearance before you began offering the TruMatch Personalized Solutions System for sale," the FDA said in the letter to J&J. The agency said the Corail Hip System was also being marketed for "unapproved uses."
The chain has the potential to triple in size, but can it maintain its neighborhood-store vibe?
It's sales were about $8 billion last year, Fortune reports, the same amount as Whole Foods (WFMI). But Trader Joe's sells about $1,750 in goods per square foot, which is more than double what "Whole Paycheck" can do.
Trader Joe's has no debt, and it pays for all growth on its own. And it has something other supermarket chains desperately crave: A fierce and loyal fan following.
It's perfectly normal for a TJ's shopper to
A study shows IPOs don't hurt the shares of other companies in the same industry.
By Ted Reed, TheStreet
Worried that the General Motors IPO will diminish the value of Ford (F) shares?
Don't be, UBS (UBS) analyst Colin Langan said in a report that looks at the impact on the stock price of a company's No. 1 competitor in the months after an IPO. Historically, competing stocks are not hurt by large IPOs in the sector, Langan wrote.
"We found that on average, during the three and one months preceding an IPO, the main competitor experienced above-market returns," he said. "Our findings are in contrast to investor concerns and highlight that markets are more efficient than some investors anticipate."
Owner Pepsico vows to take the mushy feel out of its breakfast staple and roll out healthful new products.
Pepsi may not be the first company that comes to mind when you think of a healthful breakfast, but the soft drink giant hopes to change that with a makeover of its Quaker division.
Parent company PepsiCo (PEP) will revamp the morning meal offerings from Quaker with revised breakfast options. Reformulated instant oatmeal and two new types of cereal will be at the center of Quaker's new product push and a marketing campaign to capture an evolving consumer market increasingly concerned with eating well.
But this isn’t your mother’s oatmeal. The new instant oatmeal will address what Quaker President Jaya Kumar said is a concern: People report not wanting oatmeal to be "mushy."
Even stocks that have little to do with housing, like those of oil giants and drug companies, feel the impact of real-estate data.
By Jim Cramer, TheStreet
Since when did we become the United States of Housing? Housing has become pretty much the be all and end all of the market outside of employment claims. We literally dread these numbers because the estimates are way too high -- based on what? -- and when the figures come in, they are either horrible or really horrible.
Housing used to be supremely important in this country for Black & Decker (SWK) and Masco (MAS) and for Louisiana-Pacific (LPX), Georgia Pacific, Morgan Products, US Gypsum, U.S. Home and Republic Gypsum. We used to fret about what it would mean to Phelps Dodge and to some of the independent glass companies.
Most of those companies are now gone or have merged. We had some regional homebuilders, and they would have periodic cycles of good and bad. But they were regional, for heaven's sake, and often their regions would be strong when others would be weak.
There's no question that they're loving bonds. But are they really dumping equities?
That's what you might think if you read this New York Times article titled "In striking shift, small investors flee stock market."
But wait. On the same day, the Los Angeles Times published an article called "Still in stocks? You're hardly alone."
So are investors sticking with stocks or not?
There's opportunity to profit now by making strategic oil plays
Long story short -- we think oil is too cheap.
Recent misguided market fear is overshadowing the current opportunity to profit by making strategic oil plays. While reading "Of Permanent Value" on Warren Buffett, I noted the section in which he explains how many of his best investments were made during the down days of the 1970s when people were behaving as if the world was going to end.
This mindset to seek opportunity in times of fear resonates with us. Oil is only ever going to be more in demand while supply shrinks and investors may wish to consider these facts:
The housing market has not recovered, and may not ever return to its glory days.
A new reality is setting in for homeowners: A house will not make you money.
We're in a vastly different world from what we saw over the last three decades, when real home prices increased every year -- sometimes by as much as 4%, The New York Times reports.
That kind of appreciation made housing seem like a smart investment. A nest egg that would make money. Now, and for the foreseeable future, you'll be lucky just to get back the money you put into your house.
"People shouldn’t look at a home as a way to make money because it won’t,"
Why does it continue to have the largest volume on the exchanges?
Normally I don't fault others for recommending a penny stock, but in the case of Citi, I'll make an exception. I think there is a real lemming mentality when it comes to Citi.
On Motley Fool, the CAPS members think the stock will outperform the market, by a vote of 8868 to 1696, with the All Stars in step with a vote of 1583 to 345. There are 11 Wall Street brokerages that have Citi on their published buy list even though they predict that revenue will continue to shrink by an additional 1.70% this year.
After abandoning successive media businesses, the CEO has embraced magazines with the hiring of Fareed Zakaria
With the wooing of his close buddy and fellow Yale trustee Zakaria, Bewkes is firmly embracing a media business — magazines — after years of jettisoning one media segment after another.
That comes on the heels of other Bewkes initiatives, from installing former NBC star Conan O’Brien in late night at TNT to a new “Marketing Initiative,” a cross-company task force charged with maximizing content, products and talent across Time Warner’s vast breadth.
A 12-year high in bean prices means some coffee companies are passing on increased costs to caffeine junkies.
By Burke Speaker, InvestorPlace.com
Coffee prices surged to a 12-year high Monday, pushed by last year's poor Central and South American harvests and upcoming heavy storms in other coffee-producing regions that are adding to an already tight period for availability.
Now consumers could be taking a hit, with Dunkin' Donuts, Folgers and Maxwell House brands all feeling the heat.
As the de facto software for enterprise communications, CRM continues to climb, and there's no reason to think it will stop.
By Jim Cramer, TheStreet
The more I think about it, the more I am realizing that Salesforce.com has become the de facto standard for all software, the way for corporations to free themselves of how they communicate and to free themselves from desktop communications.
I have been an unabashed proselytizer for Salesforce.com for about 80 points on its share price, thinking that its cloud computing model would change forever the way sales forces work. We all know that sales force accountability is one of the great weaknesses of business, and CRM enables managers to see what's really going on through sales software that's delivered in a cheaper, easier way, through the Web.
While most investors keep bailing on stocks, some top strategists continue to find attractive areas of the market.
It's been another rough week for the market, with disappointing unemployment data overshadowing some positive economic signs, like the Federal Reserve's report of a strong gain in industrial production in July.
But while fear continues to win out in the stock market, several of the investing world's top strategists are continuing to find opportunity.
Take newsletter guru and Forbes columnist Jim Oberweis. In his latest Forbes piece, Oberweis focuses on one area of the market that has him particularly optimistic: semiconductor capital equipment stocks. “After a tough decade for technology, I believe the time is ripe for chip-equipment companies,” he writes. Chip fabricators stopped buying equipment in 2008 when the economy tanked, crushing these stocks, Oberweis says. But while spending began to rebound in 2009 and many capital equipment stocks have more than doubled off their lows, “price/earnings ratios for many smaller equipment makers remain low by historical measures,” he says. “Bearish sentiment in this arena is as bad as I can remember, but the facts don’t seem to back it."
This week's market action was nothing to write home about.
Value Line Index - Contains 1700 stocks so its broader than the S&P 500 or very narrow Dow 30 -- Things didn't happen
- Price down .98% for the 4 1/2 day period
- Price down 2.32% for the last 20 sessions
- 9 of Barchart's 13 technical indicators signal sell for a 64% sell signal
- Relative Strength Index is only 39.22% and falling
- At Friday noon the Index was at 2265.19, that's below its 50 day moving average of 2345.33
Barchart Market Momentum -- Contains approximately 6000 stocks -- Percentage of stocks trading above their Daily Moving Averages for various periods --50% and above is good -- Nothing good here either
Major benefits from booming casinos in Macau
Written by Douglas Estadt
Asia’s gaming market is providing attractive investment opportunities. Business at casinos in Macau and Singapore is absolutely booming. Here are just a couple of the reasons we believe Las Vegas Sands (LVS) is the most attractive casino stock:
- It recently announced a play to pay down $1 billion in debt, which will strengthen their cash position
- The new casino in Singapore is breaking all expectations and forecasts.
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[BRIEFING.COM] At midday, the three major averages trade with gains between 0.2% and 0.4%.
The first half of today's session has been quiet with the S&P 500 confined to a ten point range. The financial sector displayed early strength after reports indicated shareholders of JPMorgan Chase (JPM 53.30, +1.01) have voted against separating the roles of Chief Executive Officer and Chairman, meaning Jamie Dimon will retain both titles. JPMorgan Chase is the top performer ... More
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