Tag Archives: stock

Market Minute: An August Rally for Stocks? Exxon Misses on Earnings

By DailyFinance Staff

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, July 31, 2013. U.S. stocks erased an earlier rally after the Federal Reserve refrained from indicating when it will reduce the pace of stimulus and data showed the economy grew more than projected in the second quarter. Photographer: Scott Eells/Bloomberg via Getty Images

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Stocks are set to rally this morning, but history offers a warning to investors. That and more is what’s in market news Thursday

The Dow industrials (^DJI) lost 21 points Wednesday, and the S&P 500 (^GPSC) was virtually flat, but the Nasdaq (^IXIC) gained nearly 10 points.

Scott Eells/Bloomberg via Getty Images

All three major averages posted solid gains for all of July. For the Dow, it was the seventh increase in eight months. So what can we expect from August? Well, since 1987, it’s been the worst month of the year for the market.

In earnings news, Exxon Mobil’s (XOM) quarterly earnings appear to have badly missed Wall Street expectations.

Procter & Gamble’s (PG) net fell by nearly half from a year ago, but still edged past expectations.

Animated filmmaker DreamWorks Animation (DWA), biotech company Affymetrix (AFFX), and the online review company Yelp (YELP) are all set to rally on better-than-expected earnings news.

But Whole Foods Market (WFM) and Marriott International (MAR) both issue disappointing results.

Ford (F), General Motors (GM), Toyota (TM) and other carmakers report sales for last month. Industry watcher Edmunds.com forecasts a double-digit gain from a year ago.

Shares of J.C. Penney (JCP) tumbled Wednesday on a report that a leading commercial lender has stopped backing deliveries to the chain. But the stock is set to rebound Thursday after J.C. Penney said those reports are false.

The dispute between J.C. Penney and Macy’s (M) over the rights to sell Martha Stewart (MSO) branded products could come to an end today. The two department stores are set to deliver closing arguments in their long-running case, and the judge could issue an immediate ruling.

The International Trade Commission is expected to rule today on Apple’s (AAPL) patent-infringement case against Korean rival Samsung. The companies have filed suit and countersuit against each other, with both sides claiming some victories in court.

And Starbucks (SBUX) has enlisted Google (GOOG) to make the Internet connection at its coffee shops up to 10 times faster than it is now.

Produced by Drew Trachtenberg.

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Source: FULL ARTICLE at DailyFinance

Huayi's Chairman Joins Ranks Of China Movie Billionaires; Stock Climbs To Record (Update)

By Russell Flannery, Forbes Staff (Updates earlier post with details and today’s stock close)  Wang Zhongjun, the chairman of Shenzhen-listed film maker Huayi Brothers Media, has joined the ranks of China’s movie industry billionaires. Huayi’s shares have climbed by more than 160% in the past year amid rising prospects for home-grown entertainment industry content in China.  They gained 5.5% today at close at an all-time high of 42.2 yuan. Founded in Beijing in1994, Huayi produces films, television programs, music and other content.  Wang, who also goes by the English name Dennis, owns a 26% stake in Huayi that is worth more than $1 billion; his brother, Wang Zhonglei, whose English name is James, holds 8% of the company. Jack Ma, the chairman of Alibaba Group and one of China’s richest Internet entrepreneurs, owns 5% of Huayi. Huayi’s stock has soared after the company last month projected net profit in the first half of 2013 would as much as triple from $17 million a year earlier on good box-office income. Investors have also bid up its shares after the company said on July 24 it would acquire 50.9% of mobile game developer Yinhan Technology for the equivalent of $109.5 million. …read more

Source: FULL ARTICLE at Forbes Latest

5 Financial Decisions That Sound Smart but Are Really Dumb

By U.S. News

Vector illustration ? Empty head and money brain.

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Alashi, Getty Images

By

Norma Yaeger, 83, of Encino, Calif., thought she was making a smart financial decision last fall, when, after pulling into a Ralph’s supermarket, she impulsively hired two men to fix her car.

“Two nice gentlemen came over to me and look at my fender, which was badly scratched. They said that they had a compound that will remove the scratches and restore the paint,” Yaeger says.
They would fix it, for just $50.

Yaeger isn’t a rube — she was, in fact, the first female stockbroker to work at the New York Stock Exchange (and recently wrote an autobiography, “Breaking Down the Walls”). She also served as president of two stock brokerage firms. The men who approached her seemed honest, and Yaeger was self-conscious about her fender. She paid the $50, a snap decision that seemed perfectly reasonable.

Instead — and you knew this was coming — when she returned from grocery shopping, her car fender hadn’t improved. In fact, it looked far worse. Yaeger drove to a mechanic and was told that it would take several days and $1,000 to fix her car.”The worst part was that I had to tell my husband about this embarrassing story,” Yaeger says.

[See: 12 Money Mistakes Almost Everyone Makes.]

Most people have made a financial mistake that seemed sensible at the time, but in hindsight turned out to be pretty stupid. With that in mind, here are some thoughts from a slew of personal finance experts on five financial decisions that sound smart but are likely a waste of money.

The Mistake: Buying something because it is interest-free for awhile.

Why It Can Seem Smart. It’s tempting to buy something with a zero-interest window, such as a “90-day, same-as-cash” offer, in which you’re charged no interest if you pay for the product within 90 days.

Why It May Be Stupid. Many people don’t end up saving the money or putting it aside when they get it, “and they end up paying accumulated interest at a high rate plus compounding interest on the balance going forward,” says Kelley Long, a Chicago-based certified public accountant.

She says consumers make such mistakes when they open a store credit card to get a 15 percent discount, for example, but then carry a 22 percent balance. Paying for things with a rewards credit card to earn frequent flier miles can also be a mistake if you’re not paying off the card in full each month. “The interest expenses end up far outweighing the price of an airline ticket,” Long says.

The Mistake: Buying long-term care insurance when you’re broke.

Why It Can Seem Smart. Who wouldn’t want long-term care insurance? It helps pay for basic activities that people need to do on a daily basis, …read more

Source: FULL ARTICLE at DailyFinance

J.C. Penney Becomes Oversold

By DividendChannel.com

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. …read more

Source: FULL ARTICLE at Forbes Markets

Traders Gulp Down Sodastream Call Options, See More Slippage For Autodesk

By Caitlin Duffy, Contributor

ADSK – , Inc. – Shares in the maker of 2D and 3D design and engineering software are down more than 4.0% today at $35.01 as of 11:40 a.m. ET and options activity on the stock this morning suggests some traders are bracing for the price of the underlying to extend losses during the next couple of weeks. Trading traffic in Autodesk options is heaviest at the Aug $34 strike where upwards of 2,900 puts have changed hands against open interest of 757 contracts. …read more

Source: FULL ARTICLE at Forbes Latest

Longview Oil Dividend Yield Pushes Past 12%

By DividendChannel.com

In trading on Wednesday, shares of Longview Oil Corp. (Toronto: LNV) were yielding above the 12% mark based on its monthly dividend (annualized to $0.60), with the stock changing hands as low as $4.95 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market’s total return. …read more

Source: FULL ARTICLE at Forbes Markets

Exelon Shares Cross 4% Yield Mark

By DividendChannel.com

Looking at the universe of stocks we cover at Dividend Channel, in trading on Wednesday, shares of Exelon Corp. (NYSE: EXC) were yielding above the 4% mark based on its quarterly dividend (annualized to $1.24), with the stock changing hands as low as $30.33 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market’s total return. To illustrate, suppose for example you purchased shares of the S&P 500 ETF (SPY) back on 12/31/1999 ? you would have paid $146.88 per share. Fast forward to 12/31/2012 and each share was worth $142.41 on that date, a decrease of $4.67/share over all those years. But now consider that you collected a whopping $25.98 per share in dividends over the same period, for a positive total return of 23.36%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.6%; so by comparison collecting a yield above 4% would appear considerably attractive if that yield is sustainable. Exelon Corp. (NYSE: EXC) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index. …read more

Source: FULL ARTICLE at Forbes Markets

Rocky Mountain Dealerships Dividend Yield Pushes Past 3%

By DividendChannel.com

In trading on Wednesday, shares of Rocky Mountain Dealerships Inc (Toronto: RME) were yielding above the 3% mark based on its quarterly dividend (annualized to $0.40), with the stock changing hands as low as $13.10 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market’s total return. …read more

Source: FULL ARTICLE at Forbes Markets

Bombardier Shares Cross 2% Yield Mark

By DividendChannel.com

In trading on Wednesday, shares of Bombardier Inc. (Toronto: BBD-B) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.1016), with the stock changing hands as low as $5.01 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market’s total return. …read more

Source: FULL ARTICLE at Forbes Markets

Rolling With American Railcar For Dividends And Growth

By John Dobosz, Forbes Staff

For shipping everything from coal to cars and intermodal freight containers packed with imported goods, railroads are in high demand and so are the cars that ride the steel rails.  That’s good news for makers of rolling stock like St. Charles, Missouri-based (ARII), which competes in the car business against FreightCar America (RAIL), Greenbrier (GBX) and Trinity Industries (TRN). …read more

Source: FULL ARTICLE at Forbes Latest

Analyst Favorites With Strong Buyback Activity: Macy's Ranks As a Top Pick

By DividendChannel.com

A study of analyst recommendations at the major brokerages shows that Macy’s, Inc. (NYSE: M) is the #51 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period. In forming the rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the list of stocks with strong buyback activity was ranked according to those averages. …read more

Source: FULL ARTICLE at Forbes Markets

Top Buys by Top Brass: CEO Siering's $103.1K Bet on TWO

By DividendChannel.com

A company’s own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money ? maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ”top brass” over the trailing six month period, one of which was a total of $103.1K by Thomas Siering, CEO at Two Harbors Investment Corp (NYSE: TWO). …read more

Source: FULL ARTICLE at Forbes Markets

Analyst Favorites With Strong Buyback Activity: Dice Holdings Ranks As a Top Pick

By DividendChannel.com

A study of analyst recommendations at the major brokerages shows that Dice Holdings Inc (NYSE: DHX) is the #115 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period. In forming the rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the list of stocks with strong buyback activity was ranked according to those averages. …read more

Source: FULL ARTICLE at Forbes Markets

Simon Property Group Named Top Dividend Stock With Insider Buying and 2.85% Yield

By DividendChannel.com

In this series, we look through the most recent Dividend Channel ”DividendRank” report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider’s view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money ? maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Simon Property Group, Inc. (NYSE: SPG), which saw buying by Director Allan B. Hubbard. …read more

Source: FULL ARTICLE at Forbes Markets

Elizabeth Arden is Now Oversold

By DividendChannel.com

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. …read more

Source: FULL ARTICLE at Forbes Markets

RSI Alert For Jive Software

By DividendChannel.com

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. …read more

Source: FULL ARTICLE at Forbes Markets