TheStreet

  • Most Topular Stories

  • Cramer: Which Dow Stocks Are Vulnerable?

    Top Read Stories
    16 May 2012 | 9:01 am
    Jim Cramer analyzes 30 Dow stocks looking for weaknesses. Click to view a price quote on ^DJI.
  • A Pepsi Split-Up Will Come After Turnaround (Update 1)

    TheStreet.com
    16 May 2012 | 1:59 pm
    Updated to reflect CLSA analyst comment and updated share prices. NEW YORK (TheStreet) -- Although activist shareholder Ralph Whitworth of Relational Investors has built up a stake in PepsiCo now worth $610 million and opened dialogue with management, investors may be wise to temper expectations of a split between the company's foods and beverages businesses. In opening conversation with the activist, PepsiCo acknowledges that Relational is a credible shareholder. More importantly, Relational has helped push spinoffs at ITT Corp, L-3 Communications and Whitworth even recently gained a board…
  • Sprint's EVO 4G LTE: Awaiting The LTE

    Latest Videos
    16 May 2012 | 1:11 pm
    Contributor Gary Krakow tries Sprint's new Android flagship device made by HTC. It's hard not to like this phone - except for the fact that it's only a 3G phone for the time being.
  • Sprint's EVO 4G LTE: Awaiting The LTE

    Latest Videos
    16 May 2012 | 1:11 pm
    Contributor Gary Krakow tries Sprint's new Android flagship device made by HTC. It's hard not to like this phone - except for the fact that it's only a 3G phone for the time being.
  • The Five Dumbest Things on Wall Street: May 11

    5 Dumbest Things on Wall Street
    11 May 2012 | 5:00 am
    Editor's note: JPMorgan's trading loss disclosure and conference call debacle happened after the deadline for this week's Dumbest, but be sure to check out Dan Freed's screed on Jamie Dimon. Look for Gregg's take next week. 5. Body Gets Bopped ... Click to view a price quote on JPM. Click to research the Banking industry.
 
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    TheStreet.com

  • A Pepsi Split-Up Will Come After Turnaround (Update 1)

    16 May 2012 | 1:59 pm
    Updated to reflect CLSA analyst comment and updated share prices. NEW YORK (TheStreet) -- Although activist shareholder Ralph Whitworth of Relational Investors has built up a stake in PepsiCo now worth $610 million and opened dialogue with management, investors may be wise to temper expectations of a split between the company's foods and beverages businesses. In opening conversation with the activist, PepsiCo acknowledges that Relational is a credible shareholder. More importantly, Relational has helped push spinoffs at ITT Corp, L-3 Communications and Whitworth even recently gained a board…
  • Stocks Weaken on Eurozone Distress, Fed's Warning of Fiscal Cliff

    16 May 2012 | 1:51 pm
    NEW YORK (TheStreet) -- Stocks were weaker Wednesday afternoon as nagging worries about the political disarray in Greece continued to weigh on sentiment. Minutes of the Federal Reserve's monthly policy meeting also flagged fiscal concerns in the U.S., as the central bank warned of sharp fiscal tightening in 2013 unless Congress reaches an agreement on the federal budget. Sharper-than-expected increases in housing and industrial production data had inspired buyers earlier in the session but the market appears to be losing steam, similar to the pattern on Tuesday when stocks saw a steady…
  • Do We Need to Protect Grid From Sunstorms?

    16 May 2012 | 1:36 pm
    By Rob Quinn, Newser Staff The peak in the 11-year cycle of solar flares happens next year, but electricity regulators have made little progress in deciding how much protection the power grid needs, the Wall Street Journal finds. They are reviewing records as far back as the 1859 "super storm," the strongest solar storm ever recorded, to determine how quickly the system needs to be upgraded. A storm much weaker than the 1859 event caused most of Quebec to lose power, and some experts believe that a worst-case solar storm scenario could see American cities lose power for days or even weeks.
  • FED Warns of Fiscal Tightening in 2013

    16 May 2012 | 1:28 pm
    NEW YORK (TheStreet) -- The Federal Reserve warned of fiscal tightening in 2013 if Congress doesn't reach a plan for the federal budget. The announcement came Wednesday as part of the Federal Open Market Committee meeting in April, as the central bank also stated that it would consider QE3 if the recovery falters.
  • CEOs Gone Wild: What's Wrong With Corporate America?

    16 May 2012 | 1:26 pm
    By Jeff Cox, CNBC.com Senior Writer NEW YORK (CNBC) -- Four years after the financial crisis exploded and resulted in a regulatory clampdown, bad behavior is back in corporate boardrooms and C-suites, generating embarrassing headlines and posing the threat of even more rules. Whether it's resume-padding at Yahoo, improper relations with female subordinates at Best Buy or questionable loan dealings at Chesapeake Energy, several high-profile CEOs have helped bring back memories of scandals past that destroyed companies and hammered investors. ...
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    Latest Videos

  • Sprint's EVO 4G LTE: Awaiting The LTE

    16 May 2012 | 1:11 pm
    Contributor Gary Krakow tries Sprint's new Android flagship device made by HTC. It's hard not to like this phone - except for the fact that it's only a 3G phone for the time being.
  • ECB Cuts Off Greek Banks

    16 May 2012 | 1:04 pm
    Ed Ponsi or Barchetta Capital and Jill Malandrino break down what this really means for Greece, Europe and currency.
  • Sell JP Morgan!: Against the Grain

    16 May 2012 | 10:32 am
    Marek Fuchs, senior contributing analyst at TheStreet, warns JP Morgan traders against flashing the All Clear.
  • Home Sales Lifts Stocks

    16 May 2012 | 10:05 am
    Home sales helped stocks rally according to Michael Guli of Knight Trading. He's focused on the energy sector.
  • General Motors Unfriends Facebook

    16 May 2012 | 9:54 am
    GM decided its ad money was wasted on facebook and was pulling its $10 million in ad dollars.
 
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    Latest Videos

  • Sprint's EVO 4G LTE: Awaiting The LTE

    16 May 2012 | 1:11 pm
    Contributor Gary Krakow tries Sprint's new Android flagship device made by HTC. It's hard not to like this phone - except for the fact that it's only a 3G phone for the time being.
  • ECB Cuts Off Greek Banks

    16 May 2012 | 1:04 pm
    Ed Ponsi or Barchetta Capital and Jill Malandrino break down what this really means for Greece, Europe and currency.
  • Sell JP Morgan!: Against the Grain

    16 May 2012 | 10:32 am
    Marek Fuchs, senior contributing analyst at TheStreet, warns JP Morgan traders against flashing the All Clear.
  • Home Sales Lifts Stocks

    16 May 2012 | 10:05 am
    Home sales helped stocks rally according to Michael Guli of Knight Trading. He's focused on the energy sector.
  • General Motors Unfriends Facebook

    16 May 2012 | 9:54 am
    GM decided its ad money was wasted on facebook and was pulling its $10 million in ad dollars.
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    5 Dumbest Things on Wall Street

  • The Five Dumbest Things on Wall Street: May 11

    11 May 2012 | 5:00 am
    Editor's note: JPMorgan's trading loss disclosure and conference call debacle happened after the deadline for this week's Dumbest, but be sure to check out Dan Freed's screed on Jamie Dimon. Look for Gregg's take next week. 5. Body Gets Bopped ... Click to view a price quote on JPM. Click to research the Banking industry.
  • The Five Dumbest Things on Wall Street This Week: May 4

    4 May 2012 | 5:00 am
    5. Mason's Maturity No. No. No. Groupon, you've got it backwards! It's the coffee sipper that needs to stay and the beer swiller that needs to go. ... Click to view a price quote on GRPN. Click to research the Internet industry.
  • The Five Dumbest Things on Wall Street This Week: April 27

    27 Apr 2012 | 5:00 am
    5. Chesapeake's New Suit Chill out dudes! All Chesapeake CEO Aubrey McClendon did was borrow a billion bucks to buy some natural gas wells without telling anybody. There's no need to make a federal case out of it. ... Click to view a price quote on CHK. Click to research the Energy industry.
  • The Five Dumbest Things on Wall Street This Week: April 20

    20 Apr 2012 | 5:00 am
    5. CME's Block Heads It wasn't quite a scene from Norma Rae when an assembly of CME traders walked off the job; then again, it wasn't quite normal either. ... Click to view a price quote on C. Click to research the Banking industry.
  • The 5 Dumbest Things on Wall Street This Week: April 13

    13 Apr 2012 | 5:00 am
    5. Zhongpin's Little Piggies Here's a twist on an old Wall Street aphorism: Bulls make money, bears make money and really dumb pigs illegally trading pork stocks get their accounts frozen. ... Click to view a price quote on HOGS. Click to research the Food & Beverage industry.
 
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    Today's Market

  • Stocks Weaken on Eurozone Distress, Fed's Warning of Fiscal Cliff

    16 May 2012 | 1:51 pm
    NEW YORK (TheStreet) -- Stocks were weaker Wednesday afternoon as nagging worries about the political disarray in Greece continued to weigh on sentiment. Minutes of the Federal Reserve's monthly policy meeting also flagged fiscal concerns in the U.S., as the central bank warned of sharp fiscal tightening in 2013 unless Congress reaches an agreement on the federal budget. Sharper-than-expected increases in housing and industrial production data had inspired buyers earlier in the session but the market appears to be losing steam, similar to the pattern on Tuesday when stocks saw a steady…
  • Stock Futures Up as Housing Starts Rise

    16 May 2012 | 7:53 am
    NEW YORK (TheStreet) -- U.S. stock futures were rebounding Wednesday after a better-than-expected housing starts report helped divert some of the market's attention away from troubles in the eurozone. Futures for the Dow Jones Industrial Average were rising 63 points, or 70 points above fair value, at 12,668. Futures for the S&P 500 were up 7.8 points, or 7.8 points above fair value, at 1,336, and futures for the Nasdaq were ahead by 15 points, or 14.3 points above fair value, at 2,593. On Tuesday, the major U.S. equity indices all finished at their worst levels in more than three months as…
  • Stocks Succumb to Selling Pressure

    15 May 2012 | 4:16 pm
    NEW YORK (TheStreet) -- Stocks again finished in negative territory Tuesday as the failure of Greek political leaders to form a new government continued to damage sentiment. There were reports late in the volatile session that Greek banks were seeing heavier than normal outflows. The Dow Jones Industrial Average fell 63 points, or 0.5%, to finish at 12,632, its worst close since Jan. 31. The blue-chip index is now down in nine of the past 10 sessions and has lost more than 223 points, or 1.7%, in the past three days. ... Click to view a price quote on GRPN. Click to research the Internet…
  • Stock Futures Rally on Strong German GDP

    15 May 2012 | 7:52 am
    NEW YORK (TheStreet) -- Stock futures held onto strong gains Tuesday as signs of economic strength in Germany helped ease some eurozone fears brought on by Greece's political stalemate. Futures for the Dow Jones Industrial Average were rising 72 points, or 66.7 points above fair value, at 12,727. Futures for the S&P 500 were up 9.4 points, or 7.8 points above fair value, at 1,344, and futures for the Nasdaq were rising 22.8 points, or 21 points above fair value, at 2,608. Stocks tumbled Monday as Greece's inability to break a political impasse fueled speculation the country may eventually…
  • Stocks Tripped Up by Greek Political Disarray

    14 May 2012 | 4:04 pm
    NEW YORK (TheStreet) -- Stocks tumbled Monday as Greece's inability to break a political impasse fueled speculation the country may eventually have to leave the eurozone. Worries about the stability of the single-currency bloc were also being aggravated by Spain's financial health, the outcome of local elections in Germany, and weak regional economic data. The Dow Jones Industrial Average dropped 125 points, or 1%, to close at 12,695. The blue-chip index ranged from 12,661 to 12,819 during the session. ... Click to view a price quote on JPM. Click to research the Banking industry.
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    Adam Feuerstein

  • Hot Biotech Stocks Traded by Hedge Funds in First Quarter

    16 May 2012 | 6:10 am
    BOSTON (TheStreet) -- Noteworthy hedge fund trading in biotech and drug stocks, culled from the 13F filings for the first quarter: Hedge funds and mutual funds that manage more than $100 million are required to disclose their equity holdings, options and convertible debt on a Form 13F filed SEC within 45 days of the end of a quarter. Funds aren't required to report short positions betting on declines. Since we're already midway through the second quarter, these positions in biotech and drug stocks may already have changed. Things that make you go "Hmmmm…." SAC Capital picks up a new,…
  • Mulling Arena Pharma's Future With Obesity Drug on Approval Path

    14 May 2012 | 2:09 pm
    SAN DIEGO (TheStreet) -- Thoughts, questions and reflections on Arena Pharmaceuticals following Thursday's FDA advisory panel, which voted 18-4 (with one abstention) to recommend the approval of lorcaserin for weight loss. Congratulations, Arena. Well done. The company and its outside advisors did an excellent job presenting lorcaserin data to the panel. Not every argument the company made was necessarily persuasive, but it had data to back up its side. Most importantly, Arena was able to respond well to the questions and concerns raised by the experts on the panel about lorcaserin's safety…
  • Arena Pharma: FDA Panel Live Blog

    10 May 2012 | 6:43 am
    Arena Pharma FDA Panel Live Blog WASHINGTON, D.C. (TheStreet) -- Arena Pharmaceuticals, the weight-loss drug lorcaserin and an FDA advisory panel: The Sequel. For those that missed Part One, a quick recap: In September 2010, an FDA panel of experts voted 9-5 to recommend against the approval of Arena's lorcaserin. Panel members were unimpressed with the drug's mediocre efficacy and concerned about several potential safety problems, most notably a risk that a high prevalence of rat tumors could raised the cancer risk in humans. FDA followed the panel's negative recommendation and rejected…
  • FDA's Review of Arena Pharma's Obesity Drug Sunnier Than Expected

    8 May 2012 | 11:10 am
    Updated with correction to accurately describe the 6% mean weight-loss observed in the lorcaserin phase III trials. SAN DIEGO (TheStreet) -- The FDA's review of Arena Pharmaceuticals' weight-loss drug lorcaserin is... and it's more positive than I expected. The outcome of Thursday's FDA advisory panel is still unknown, of course, but Arena bulls (the "Areniacs") should feel more confident in a positive vote recommending lorcaserin's approval. ... Click to view a price quote on ARNA. Click to research the Drugs industry.
  • Vertex Is the Next Gilead Sciences or Alexion

    7 May 2012 | 3:06 pm
    CAMBRIDGE, Mass. (TheStreet) -- Vertex Pharmaceuticals is the next Gilead Sciences. You think I'm reaching? Okay, then Vertex is the next Alexion Pharmaceuticals. Either way, the big move higher in Vertex's stock price Monday, spurred by the release of strong cystic fibrosis data, is totally justified and likely undervalues the company going forward. Vertex shares rose $20.71, or 55%, to $58.12 Monday following the announcement that two drugs -- the experimental VX-809 and currently marketed Kalydeco -- significantly improved lung function in patients with the most common genetic mutation…
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    Biotech

  • Hot Biotech Stocks Traded by Hedge Funds in First Quarter

    16 May 2012 | 6:10 am
    BOSTON (TheStreet) -- Noteworthy hedge fund trading in biotech and drug stocks, culled from the 13F filings for the first quarter: Hedge funds and mutual funds that manage more than $100 million are required to disclose their equity holdings, options and convertible debt on a Form 13F filed SEC within 45 days of the end of a quarter. Funds aren't required to report short positions betting on declines. Since we're already midway through the second quarter, these positions in biotech and drug stocks may already have changed. Things that make you go "Hmmmm…." SAC Capital picks up a new,…
  • Mulling Arena Pharma's Future With Obesity Drug on Approval Path

    14 May 2012 | 2:09 pm
    SAN DIEGO (TheStreet) -- Thoughts, questions and reflections on Arena Pharmaceuticals following Thursday's FDA advisory panel, which voted 18-4 (with one abstention) to recommend the approval of lorcaserin for weight loss. Congratulations, Arena. Well done. The company and its outside advisors did an excellent job presenting lorcaserin data to the panel. Not every argument the company made was necessarily persuasive, but it had data to back up its side. Most importantly, Arena was able to respond well to the questions and concerns raised by the experts on the panel about lorcaserin's safety…
  • A Health Care Fortnight for the Record Books

    14 May 2012 | 6:00 am
    NEW YORK (TheStreet) -- I've been a professional investor for 15 years, and over that time I've listened to generalist investors gripe about the health care sector with mind-numbing cyclicality. Predictably, interest in health care investing often hits a nadir at the time of greatest opportunity. The complaints, which typically arise after major biotech blowups or government policy-fueled anxiety, range from absurdly broad-based assertions of disinterest (health care is "un-investable" is a common refrain) to specific anxiety about the sector's dependence on government as a payor. Investors…
  • Stocks to Watch: JPMorgan, Arena (Update 1)

    11 May 2012 | 6:35 am
    NEW YORK -- JPMorgan Chase recorded a $2 billion mark-to-market loss in its synthetic credit portfolio since the end of the first quarter, the bank said Thursday. CEO Jamie Dimon called the trade "flawed, poorly reviewed, poorly executed" and said it reflected "sloppiness" and " bad judgment." In a conference call Thursday, Dimon said the bank's Chief Investment Office suffered a trading loss of $2 billion in its synthetic credit portfolio, offset by a $1 billion securities gain, as a strategy to re-hedge its portfolio backfired. ... Click to view a price quote on JPM. Click to research the…
  • 3 Stocks Sink to 52-Week Lows

    10 May 2012 | 12:55 pm
    NEW YORK (TheStreet) -- Digital Generation, MannKind and Windstream sank to 52-week lows on Thursday. Digital Generation The digital technology services company reported Wednesday first-quarter net income of $988,000, or 4 cents a share, down from year-earlier net income of $12.7 million, or 45 cents. ... Click to view a price quote on DGIT. Click to research the Computer Hardware industry.
 
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    Bonds/Economy

  • FED Warns of Fiscal Tightening in 2013

    16 May 2012 | 1:28 pm
    NEW YORK (TheStreet) -- The Federal Reserve warned of fiscal tightening in 2013 if Congress doesn't reach a plan for the federal budget. The announcement came Wednesday as part of the Federal Open Market Committee meeting in April, as the central bank also stated that it would consider QE3 if the recovery falters.
  • Why and How Greece Must Exit the Euro

    16 May 2012 | 10:54 am
    The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage. NEW YORK (TheStreet) -- Austerity is imposing intolerable unemployment and political chaos in Greece and won't permit it to repay its debts. Athens must abandon the euro and reintroduce the drachma. After the euro was adopted in 1999, productivity growth was slower and prices rose faster in Southern Europe than in Germany and other northern states. The more competitive north enjoyed growing trade surpluses while…
  • April Housing Starts Rise 2.6%

    16 May 2012 | 7:38 am
    NEW YORK (TheStreet) -- Housing starts in April rose 2.6% to a seasonally adjusted annual rate of 717,000, the Commerce Department said Wednesday. Housing starts for March were revised higher to a pace of 699,000 units from a previously reported 654,000-unit rate. ...
  • Cramer: More Damage to Come From Europe

    16 May 2012 | 7:29 am
    NEW YORK (Real Money) -- When will Europe not matter to prices? We know that we are in very different places. Our banking system is strong. Theirs is weak. Our employment situation is improving. Theirs is worsening. Our housing crisis seems to be on the mend. Theirs is just beginning. Our companies have terrific, refinanced balance sheets. Theirs are opaque and weaker. We have optimism, as expressed by a USA Today poll in the front of the paper expressing a very optimistic belief in the future of this country. Over there, pessimists abound. We have one currency that works. They have another…
  • Market Preview: That Sinking Feeling

    15 May 2012 | 7:35 pm
    NEW YORK (TheStreet) -- It feels like the skittishness is palpable on Wall Street right now, and that's never a good thing for retail investors. Bank of America Merrill Lynch described the mood this way before Tuesday's sour session that pushed all three major U.S. equity indices back to levels unseen since early February. "Investor sentiment is bearish on growth and risk, assets are allocated defensively and cash levels are high," the firm said early Tuesday. "But the dominant mood is one of paralysis as investors wait for a 'bad' event to provoke the policy panic and market capitulation…
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    Business News

  • Do We Need to Protect Grid From Sunstorms?

    16 May 2012 | 1:36 pm
    By Rob Quinn, Newser Staff The peak in the 11-year cycle of solar flares happens next year, but electricity regulators have made little progress in deciding how much protection the power grid needs, the Wall Street Journal finds. They are reviewing records as far back as the 1859 "super storm," the strongest solar storm ever recorded, to determine how quickly the system needs to be upgraded. A storm much weaker than the 1859 event caused most of Quebec to lose power, and some experts believe that a worst-case solar storm scenario could see American cities lose power for days or even weeks.
  • World's Biggest Brands Flex Their Muscles

    16 May 2012 | 10:37 am
    By Phil LeBeau, CNBC Correspondent NEW YORK (CNBC) -- Pop quiz. How many different brands of commercial vehicles are sold around the world? The answer: More than 200. All-together, those brands sold more than 79 million cars and trucks around the world last year. That was a new record. ...
  • Hot Biotech Stocks Traded by Hedge Funds in First Quarter

    16 May 2012 | 6:10 am
    BOSTON (TheStreet) -- Noteworthy hedge fund trading in biotech and drug stocks, culled from the 13F filings for the first quarter: Hedge funds and mutual funds that manage more than $100 million are required to disclose their equity holdings, options and convertible debt on a Form 13F filed SEC within 45 days of the end of a quarter. Funds aren't required to report short positions betting on declines. Since we're already midway through the second quarter, these positions in biotech and drug stocks may already have changed. Things that make you go "Hmmmm…." SAC Capital picks up a new,…
  • Coty Ditches Offer to Buy Avon

    15 May 2012 | 4:19 am
    NEW YORK -- Coty has slammed the door on Avon Products . Privately held Coty said late Monday that struggling direct cosmetics seller Avon took too long to respond to its $10.7 billion buyout offer. It said it is withdrawing the offer, first made two months ago. "Two months is enough," Coty Chairman Bart Becht said in a letter to Avon's board. "Consequently, as our deadline to begin discussions expired today, our proposal is withdrawn." ... Click to view a price quote on AVP. Click to research the Consumer Non-Durables industry.
  • 236K Lose Jobless Benefits

    14 May 2012 | 1:10 pm
    By Kevin Spak, Newser Staff Unemployment benefits abruptly dried up for 236,300 people this weekend, as federal support for the long-term unemployed expired in some of the country's hardest-hit states. Because of a law Congress passed in February, long-term benefits are being scaled back from 99 weeks to 79 weeks, the Hill explains. So far, 27 states have been cut, for a total of 409,300 unemployed people, according to the National Employment Law Project. ...
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    Currencies

  • Why and How Greece Must Exit the Euro

    16 May 2012 | 10:54 am
    The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage. NEW YORK (TheStreet) -- Austerity is imposing intolerable unemployment and political chaos in Greece and won't permit it to repay its debts. Athens must abandon the euro and reintroduce the drachma. After the euro was adopted in 1999, productivity growth was slower and prices rose faster in Southern Europe than in Germany and other northern states. The more competitive north enjoyed growing trade surpluses while…
  • Break Up the Eurozone: The Only Workable Option

    14 May 2012 | 4:01 pm
    The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage. NEW YORK (TheStreet) -- For some time, I have argued the eurozone is not a viable economic entity. In a recent piece, I predicted that until it is broken up: The French and German governments, working on behalf of their banks, will squeeze all they can out of the "weak sisters". Unemployment rates will continue to increase with accompanying civil disorder/riots becoming more intense. The leaders of the "weak…
  • Socialism Sells

    7 May 2012 | 10:07 am
    Socialism sells -- or at least brings out the sellers.
  • Little Reason to Hold U.S. Dollars

    2 May 2012 | 9:37 am
    No one wants to hold U.S. dollars unless they can't help it, says DailyFX Strategist David Rodriguez.
  • Bulls Cherry-pick News: Dave's Daily

    27 Apr 2012 | 6:30 pm
      U.S. GDP Data was worse than expected (2.2% vs 2.6% expected & prior 3%). There's nothing good about this data unless you believe spring weather caught up with a warm winter. Is that the spin? Perhaps. Others might just return to the previous mantra from the past few years: "bad news is good, good news is better" cynically meaning the Fed will launch another round of QE. It's the belief by bulls that no matter the data the Fed has your back until its QE effect exhausts itself. Nevertheless the weaker GDP data confirms what we're seeing globally--economic contraction. ... Click to…
 
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    Energy

  • TheStreet Ratings Top 10 Rating Changes

    14 May 2012 | 12:59 pm
    NEW YORK (TheStreet Ratings) -- Every trading day TheStreet Ratings' stock model reviews the investment ratings on around 4,700 U.S. traded stocks for potential upgrades or downgrades based on the latest available financial results and trading activity. TheStreet Ratings released rating changes on 108 U.S. common stocks for week ending May 11, 2012. 38 stocks were upgraded and 70 stocks were downgraded by our stock model. Rating Change #10 ... Click to view a price quote on GS. Click to research the Financial Services industry.
  • Icahn to Disclose Chesapeake Stake: Report

    13 May 2012 | 8:46 pm
    NEW YORK (TheStreet) -- Chesapeake Energy expects Carl Icahn to disclose he has taken a significant stake in the company, according to a published media report. The report, published on The Wall Street Journal's Web site, cited anonymous sources familiar with the matter. A representative for Icahn declined to comment Sunday, the report said. ... Click to view a price quote on CHK. Click to research the Energy industry.
  • Chesapeake Energy Gets $3 Billion Loan

    12 May 2012 | 2:41 pm
    By Michelle Chapman NEW YORK -- Chesapeake Energy Corp. has received a $3 billion loan from Goldman Sachs and Jefferies Group, giving the company more time to sell assets and lower its debt. Chesapeake has been aggressively selling oil and gas assets, but its stock tumbled Friday after the company suggested that some of its planned sales could be delayed. Investors, who worried about a cash crunch if any sales were delayed or halted, sent Chesapeake's stock down 13.8% to close at $14.81 on Friday. ... Click to view a price quote on CHK. Click to research the Energy industry.
  • Chesapeake Energy Sales Could Breach Bank Debt Rules

    11 May 2012 | 3:29 pm
    (Chesapeake Energy story updated to reflect Chesapeake statement on Eagle Ford VPP asset monetization plan being unaltered, Argus Research and Sterne Agee analyst comments) NEW YORK (TheStreet) -- The latest cause for Chesapeake Energy's share spiral can be summed up this way: the company is damned if they do (sell the assets it needs to sell) and damned if they don't. It's a Catch-22 involving the way that exploration and production company debt covenants with banks are written at a time when the company needs to sell assets to close a big funding gap. ... Click to view a price quote on CHK.
  • Global Superbugs Herald Age of Silver

    9 May 2012 | 1:58 pm
    The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage. NEW YORK (Bullion Bulls Canada) -- For several years I have been touting silver's unique anti-microbial properties. Out of the nearly infinite list of technological/industrial applications for silver, it always seemed inevitable to me that this one use would ultimately become our single greatest need for the Metal of the Moon. That suspicion could, in turn, be traced back to a single threat that has loomed ever…
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    ETFs

  • Make Money Trading U.S. Treasuries

    15 May 2012 | 9:09 am
    NEW YORK (TheStreet) -- U.S. Treasury yields have been declining since the new millennium began. With yields at or near record lows, there's a misperception about the U.S. Treasury market among Wall Street analysts and by investors. Most strategists have told investors to avoid U.S. Treasuries over the past few years because of what they describe as a bond bubble. They assume that investors just buy and hold bonds to maturity. I have not been in the bearish camp for Treasuries given the opportunities to "buy and trade." Yields are reluctant to rise significantly as long as the Federal Reserve…
  • Three Foreign ETFs That Could Rocket

    14 May 2012 | 11:57 am
    NEW YORK (ETF Expert) -- There are times when the dollar tells investors all they need to know ... at least in the short term. For example, the PowerShares DB US$ Dollar Bullish Fund gained ground for nine consecutive days in an expression of serious doubt about Europe's finances and leadership. Indeed, the almighty buck still reigns supreme during gargatuan uncertainty. In the first chart below, UUP's black bars in May graphically depict the recent aversion to risk. And yet, the greenback's appeal is not entirely new. The price of this ETF has effectively stayed above a long-term trendline…
  • New Fund Goes Global for High Yield

    11 May 2012 | 9:35 am
    PRESCOTT, AZ (TheStreet) -- As the quest for yield by investors continues, new ETF provider Arrow Funds is showing that it is willing to go anywhere, including Venezuela, to give investors what they want in the new Arrow Dow Jones Global Yield ETF . This is a multi-asset class fund with equal 20% weightings to global corporate debt, global sovereign debt, global equity, global real estate stocks and global alternative. The global alternative segment is comprised of master limited partnerships and Canadian royalty trusts.Within each of the five segments there are 30 holdings and each of the 30…
  • Why Fund Costs Are Falling

    9 May 2012 | 9:08 am
    NEW YORK (TheStreet) -- Fund investors have been dumping expensive mutual funds and gravitating toward low-cost choices. According to a recent study by the Investment Company Institute, expense ratios for the average investor in equity funds dropped from 1.0% in 2003 to 0.79% last year. Part of the decline can be attributed to the fact that shareholders have become savvier about shopping for bargains. ...
  • Here's Why Oil Is So Expensive

    8 May 2012 | 6:00 am
    NEW YORK (TheStreet) -- Increasingly, a long U.S. Natural Gas ETF and/or short U.S. Oil ETF position is appearing attractive. I often trade both, along with their options. Like all ETFs, UNG and USO have inescapable administration and transaction costs eating away at longer-term returns. With the use of options, I am able to mitigate risk and take advantage of time decay. When I position into UNG, I either sell covered calls or write put options. My risk is lower and my odds of success are greater. Click to view a price quote on UNG. Click to research the Financial Services industry.
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    Insight & Advice

  • Today Pandora Officially Crushes Terrestrial Radio

    16 May 2012 | 2:57 pm
    NEW YORK (TheStreet) -- Unless you're doing something truly unique and compelling on terrestrial radio, Pandora just served you the proverbial papers. Here I explain why investors should pay attention to ratings-related news Pandora released this morning. While the impact might not be immediate, we will look back on May 16, 2012, as the day Pandora -- and Internet radio in general -- rendered terrestrial radio, on a grand scale, obsolete. I add "by and large" because a place will always exist for traditional radio. What I envision, however, is a product that delivers, almost solely,…
  • Is Brocade a Buy Ahead of Earnings?

    16 May 2012 | 2:56 pm
    NEW YORK (TheStreet) -- Network equipment maker Brocade will be reporting first-quarter earnings on Thursday and I will be paying close attention to see if it presents sufficient justification to remain on my watch list. For as much as I have been an unabashed cheerleader of Cisco and the rest of the networking sector, Brocade has always been a name I have kept at arm's length. Mainly, the stock has always been too expensive for me. I have never been able to justify paying for an equity that trades almost three times the price-to-earnings ratio of the market leader, Cisco, while also lagging…
  • CEOs Gone Wild: What's Wrong With Corporate America?

    16 May 2012 | 1:26 pm
    By Jeff Cox, CNBC.com Senior Writer NEW YORK (CNBC) -- Four years after the financial crisis exploded and resulted in a regulatory clampdown, bad behavior is back in corporate boardrooms and C-suites, generating embarrassing headlines and posing the threat of even more rules. Whether it's resume-padding at Yahoo, improper relations with female subordinates at Best Buy or questionable loan dealings at Chesapeake Energy, several high-profile CEOs have helped bring back memories of scandals past that destroyed companies and hammered investors. ...
  • Sirius XM: Give These Analysts Credit

    16 May 2012 | 12:28 pm
    NEW YORK (TheStreet) -- Warren Buffett once reminded investors that "price" is what we pay and "value" is what we get. Unfortunately, many investors confuse the two. Smart investing requires lots of homework: dissecting balance sheets and income statements. It also demands objectivity in doing this homework. ... Click to view a price quote on SIRI. Click to research the Media industry.
  • 8 Stocks Spiking on Unusual Volume

    16 May 2012 | 12:28 pm
    WINDERMERE, Fla. (Stockpickr) -- Professional traders running mutual funds and hedge funds don't just look at a stock's price moves; they also track big changes in volume activity. Many times when above average volume moves into equity it precedes a large spike in volatility. Major moves in volume can signal unusual activity, such as insider buying or selling -- or buying or selling by "superinvestors." >>5 Stocks to Buy Instead of Facebook ... Click to view a price quote on ACHC. Click to research the Health Services industry.
 
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    TheStreet.com Breakout Stocks

  • Building Up a Holding

    16 May 2012 | 8:26 am
    Although this is our largest position, we are adding to this name as we believe the shares are priced incorrectly.
  • Reducing a Position

    15 May 2012 | 12:06 pm
    We are selling some shares from this holding, as we look to build up our cash position in this difficult tape.
  • TheStreet Breakout Stocks Weekly Summary

    14 May 2012 | 3:42 pm
    Amid the lackluster action this week, we slightly increased one model portfolio position and lowered our rating on another.
  • A Welcome Update

    14 May 2012 | 10:31 am
    This name hosted a conference call to inform investors about guidance for its newly combined company. Here's our take.
  • Integration Update Coming

    11 May 2012 | 9:39 am
    Meaningful updates on cost savings are expected from this holding on Monday.
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    The Daily Swing Trade

  • Standing Pat

    15 May 2012 | 5:14 pm
    As markets appear to be breaking down, defense is paramount.
  • Adaptive Strategies

    14 May 2012 | 5:22 pm
    As the market gyrates, I'm waiting for those magic trading that summer offers.
  • The Short Side Seems Overcrowded

    11 May 2012 | 3:58 pm
    This week's painful action has raised the odds for an outsized positive reaction to any fundamental improvement.
  • Bull Power Is Limited

    10 May 2012 | 4:47 pm
    As more cash is thrown at the market without a decent payoff, there will be less supply available for a bounce.
  • Anticipating Fed Action

    9 May 2012 | 5:05 pm
    The market's afternoon strength could be due to Fed chief Bernanke's keynote address, which is set for Thursday morning.
 
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    Laurie Kulikowski

  • 3 Things You Should Know About Small Business: May 16

    16 May 2012 | 11:03 am
    NEW YORK (MainStreet) -- What's happening in small business today? 1. Where do Obama and Romney stand on small business taxes? While corporate tax reform is one issue at the election table, a majority of small businesses wouldn't benefit since they claim income on their personal returns. The Associated Press compares President Barack Obama and Republican candidate Mitt Romney's proposals on small business tax issues. ...
  • Can You Lead in a Hoodie? Mark Zuckerberg Thinks So

    16 May 2012 | 5:00 am
    PALO ALTO, Calif. (MainStreet) -- In less than 10 years, Mark Zuckerberg has graduated from Harvard student to chairman and chief executive of one of the most hyped and soon-to-be largest public companies in the U.S. Yet can you lead a $100 billion company with the dress code of a socially awkward teenager? According to management experts, Zuckerberg -- who just turned 28 on Monday and is already one of the youngest billionaires in history -- can teach the business community plenty when it comes to leadership. If you haven't seen it already, Zuckerberg's touching and now famous message posted…
  • 3 Things You Should Know About Small Business: May 15

    15 May 2012 | 10:51 am
    NEW YORK (MainStreet) -- What's happening in small business today? 1. Lessons from serial entrepreneurs. Many small business owners often fall into the trap of running their organizations by following the same pattern of plan, optimize, execute. This leave little room for unforeseen situations. Serial entrepreneurs are individuals who have successfully started multiple companies and mastered managing the unknown, says a Washington Post article. The co-authors offer three tips small-business owners can learn from serial entrepreneurs: Don't be afraid to experiment, even if it's in the wrong…
  • Why Women-Owned Businesses Don't Grow

    15 May 2012 | 5:00 am
    NEW YORK (MainStreet) -- Women-owned businesses represent nearly 50% of privately held companies in the U.S., however, three quarters of these businesses are not able to grow their businesses past $50,000 in annual gross revenue. This is a challenge that Nell Merlino, the founder and CEO of Count Me In for Women's Economic Independence, would like to solve. Count me In is a not-for-profit organization providing resources and support to women-owned businesses in need of funding for growth. Consider that 17% of women-owned business owners don't have employees -- a major influence on why they…
  • 3 Things You Should Know About Small Business: May 14

    14 May 2012 | 10:40 am
    NEW YORK (MainStreet) -- What's happening in small business today? 1. Groupon's merchant quality is declining. The quality of Groupon merchants is falling, according to a Yale University report. The report looked at nearly 12,000 deals in four major cities -- New York, Boston, San Francisco, and Seattle - that ran from the beginning of 2010 through March 31, 2012 as a follow-up to a previous study which found that a business's Yelp rating dropped after running a Groupon. ... Click to view a price quote on GOOG. Click to research the Internet industry.
 
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    Mad Money Lightning Round

  • 'Mad Money' Lightning Round: Allscripts Is All Wrong

    27 Apr 2012 | 7:07 pm
    To see the full "Mad Money" Recap, please click here. NEW YORK (TheStreet) -- Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money" Lightning Round Friday evening: ... Click to view a price quote on MDRX. Click to research the Computer Software & Services industry.
  • 'Mad Money' Lightning Round: Passing on Hasbro

    26 Apr 2012 | 7:12 pm
    To see the full "Mad Money" Recap, please click here. NEW YORK (TheStreet) -- Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money" Lightning Round Thursday evening: ... Click to view a price quote on HAS. Click to research the Consumer Durables industry.
  • 'Mad Money' Lightning Round: Stop 'Guess'ing

    25 Apr 2012 | 7:16 pm
    To see the full "Mad Money" Recap, please click here. Click to view a price quote on GES. Click to research the Retail industry.
  • 'Mad Money' Lightning Round: Catching Lions

    24 Apr 2012 | 7:16 pm
    To see the full "Mad Money" Recap, please click here. Click to view a price quote on SVU. Click to research the Retail industry.
  • 'Mad Money' Lightning Round: No, No, Gannett

    23 Apr 2012 | 7:05 pm
    To see the full "Mad Money" Recap, please click here. Click to view a price quote on GCI. Click to research the Media industry.
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    Mad Money Recap

  • Cramer's 'Mad Money' Recap: Why American Growth Stocks Rock

    15 May 2012 | 7:25 pm
    Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener. NEW YORK (TheStreet) -- When all else fails, invest in companies you can understand. Those were Jim Cramer's words to his "Mad Money" TV show viewers Tuesday as he explained that, in today's markets, some companies are simply too hard to understand and are therefore, not investable. ... Click to view a price quote on WFM. Click to research the Retail industry.
  • Cramer's 'Mad Money' Recap: 7 Reasons U.S. Is Better Off Than Europe

    14 May 2012 | 7:29 pm
    Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener. NEW YORK (TheStreet) -- With the bears working tirelessly day after day to link the U.S. stock market with those in Europe, Jim Cramer told his "Mad Money" TV show viewers Monday that he's come up with seven reasons why the U.S. is not as bad as our European counterparts. ... Click to view a price quote on AAPL. Click to research the Computer Hardware industry.
  • Cramer's 'Mad Money' Recap: Game Plan Before Facebook Friday

    11 May 2012 | 6:54 pm
    Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener. NEW YORK (TheStreet) -- Next week may be all about the upcoming Facebook IPO, but Jim Cramer showed his "Mad Money" TV show viewers Friday that there are plenty of other stocks worth looking into as he laid out his game plan for next week's trading. ... Click to view a price quote on JPM. Click to research the Banking industry.
  • Cramer's 'Mad Money' Recap: Housing Comeback

    10 May 2012 | 7:14 pm
    Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener. NEW YORK (TheStreet) -- It's easy to focus on what's wrong with the markets, Jim Cramer told his "Mad Money" TV show viewers Thursday. So why not focus instead on what's going right, like housing? "Housing is coming back," noted Cramer, "and it's going to take a lot of sectors with it." ... Click to view a price quote on TOL. Click to research the Materials & Construction industry.
  • Cramer's 'Mad Money' Recap: 7 Stocks to Scoop Up When On Sale

    9 May 2012 | 7:07 pm
    Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener. NEW YORK (TheStreet) -- When fear abounds, investors need to have the guts to do nothing, Jim Cramer told his "Mad Money" TV show viewers Wednesday. Cramer said that if they really want to sell, they should take a deep breath and wait, but even more prudent would be to do a little buying. ... Click to view a price quote on AAPL. Click to research the Computer Hardware industry.
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    Marek Fuchs

  • Sell JP Morgan!: Against the Grain

    16 May 2012 | 10:32 am
    Marek Fuchs, senior contributing analyst at TheStreet, warns JP Morgan traders against flashing the All Clear.
  • GM Abandons Facebook, but Ford Goes Further

    16 May 2012 | 9:50 am
    NEW YORK (TheStreet) -- With its IPO coming on Friday, Facebook needed General Motors pulling its advertising on the social network site like a hole in the head. For Facebook, the move defined inopportune timing, but to understand its complex implications, you unfortunately need to weave together points made by various media outlets. No one covered the unexpected development as traders need it: completely. In addition to GM's standing as a top three automaker, it's one of the nation's top three advertisers along with AT&T and Procter & Gamble -- a fact that the The Wall Street Journal…
  • They Just Don't Get Facebook!

    16 May 2012 | 9:39 am
    Marek Fuchs, senior contributing analyst at TheStreet, opines on the GM/Facebook controversy.
  • Best Buy Needs to Avoid Lame-Duck Appointee

    15 May 2012 | 9:28 am
    NEW YORK (TheStreet) -- It is rare that the founder and longtime leader of a company, a man with enough company stock to stuff a ship's hull and raise the deck, is forced out. Such a departure has myriad implications, but the media are missing most in the case of Best Buy. Best Buy's board kicked Richard Schulze out as chairman. This followed the investigation into former CEO Brian Dunn's affair with a subordinate. Schulze apparently knew about it, but kept mum. ... Click to view a price quote on BBY. Click to research the Retail industry.
  • They Just Don't Get Best Buy!

    15 May 2012 | 9:13 am
    Marek Fuchs, senior contributing analyst at TheStreet, explains the Best Buy coup.
 
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    Mutual Funds

  • New Fund Ratings Could Earn Gold Star

    14 May 2012 | 10:32 am
    NEW YORK (TheStreet) -- For decades, Morningstar's ratings have been a powerful force in the mutual fund industry. Funds that win a top five-star rating tend to attract assets, while most funds that receive a lowly one star soon go out of business. Fund companies with high grades are quick to mention them in advertisements. But academic studies have shown that the ratings don't necessarily provide reliable guidance. All too often, funds that won top grades have gone on to deliver mediocre results. Now, Morningstar has developed a new ranking system that will rate recommended funds as gold,…
  • Why Fund Costs Are Falling

    9 May 2012 | 9:08 am
    NEW YORK (TheStreet) -- Fund investors have been dumping expensive mutual funds and gravitating toward low-cost choices. According to a recent study by the Investment Company Institute, expense ratios for the average investor in equity funds dropped from 1.0% in 2003 to 0.79% last year. Part of the decline can be attributed to the fact that shareholders have become savvier about shopping for bargains. ...
  • Stock-Picking Is a Fool's Errand

    7 May 2012 | 8:16 am
    BOSTON (TheStreet) -- In case it wasn't already clear, new studies show that index investing is the way to go. That means fund managers, advisers and brokers largely don't help individual investors. Three separate research reports, issued together by the Center for Retirement Research at Boston College, conclude, variously, that individual investors have poor stock-picking skills, investment advisers' advice is frequently not in clients' best interest, and that profits from value-style investing can be, at best, illusory. ...
  • Why Value Funds Could Lead the Markets

    4 May 2012 | 10:24 am
    NEW YORK (TheStreet) -- Plenty of academic studies show that unloved value stocks have outdone high-priced growth shares over the long term. But value has struggled lately. During the past five years, the Russell 1000 Growth index has returned 4.1% annually, while the Russell 1000 Value lost 1.6%. Value also trails for the past decade. Growth stocks have led partly because financials account for a heavy weighting in the value benchmark. During the financial crisis, banks and insurance companies were crushed, and they still sell at low multiples compared to historical levels. Click to view a…
  • First Quarter Ultra Fund Families

    4 May 2012 | 8:12 am
    NEW YORK (TheStreet Ratings) -- TheStreet.com Ratings ranked 14,577 open-end stock mutual funds offered by 461 different fund families on the basis of risk-adjusted return for our Spring 2012 Guide to Stock Mutual Funds. The top 30% of funds with grades of B+ or better are considered to be 'Buys', the middle 40% 'Holds' have grade in the C range, and the lower 30% 'Sells' have grades of D+ or worse. The fund families placing a higher percentage of their funds in the top 30% of our year-end rankings than their peers are considered to be 'Ultra' fund families. Peer groups include fund families…
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    Options/Futures

  • Bulls Won't Quit American Tower

    16 May 2012 | 3:54 am
    By David Russell, reporter at OptionMonster NEW YORK -- American Tower has been unstoppable for the last year, and option traders are betting that it will keep running. OptionMonster's tracking systems detected the purchase of more than 2,100 May 67.50 calls Tuesday against open interest of just 693 contracts. Most of the options priced for 50 cents. ... Click to view a price quote on AMT. Click to research the Telecommunications industry.
  • 7 Best Choices for Dividend-Capture

    15 May 2012 | 6:53 am
    NEW YORK (TheStreet) -- Using a call option to hedge against downward price risk is my favorite dividend-capture strategy. With this strategy, I have found I must be highly selective in my stock targets. In this review, I filter for the most worthy stocks also offering dividends. Let's look at my first stock, Gannett as an example. Gannett operates as a media and marketing solutions company in the U.S. and internationally. Yield: 5.98% Dividend Amount: $0.20 Ex-Dividend Date: June 06, 2012 Beta: 2.47 Strategy: Buy Gannett stock and offer to sell the June $13.00 strike or lower call for 37…
  • The Difference Between You and JPM

    15 May 2012 | 6:40 am
    This complimentary article from Options Profits was originally published on May 15. Don't risk missing over 40 options trade ideas every week, educational content, exclusive commentary and webinars from over 15 experts. Click here for more information and a 14-Day Free Trial. WEBINAR: Implied Volatility 101. Thursday, May 17 at 5pm ET CLICK HERE FOR INVITE AND TO REGISTER. It still isn't clear how JP Morgan (JPM) managed to lose $2B in a portfolio hedge trading an index of credit default swaps. It isn't clear whether the hedge was always just a hedge, or whether it morphed into an outright…
  • WEBINAR: Implied Volatility 101

    15 May 2012 | 6:28 am
    Don't risk missing over 40 options trade ideas every week, educational content, exclusive commentary and webinars from over 15 experts. Click here for more information and a 14-Day Free Trial. Before committing capital to trading options, investors should have a good understanding of the factors that determine the value of an option. Implied volatility, arguably one of the most important components, is directly influenced by the supply and demand of the underlying options and by the market's expectation of the share price's direction. Russell and Jill (the Bonnie and Clyde of options…
  • Exelon Bulls Look for a Jolt

    15 May 2012 | 3:53 am
    By Pete Najarian, co-founder of OptionMonster NEW YORK -- Exelon has been beaten down since the beginning of the year but traders remain hopeful for a rally. Traders were selling May 39 calls for 15 cents and buying June 39 calls for 60 cents Monday, according to OptionMonster's real-time tracking systems. They were apparently rolling long positions from one strike to the next to get an additional month for the stock to rise. ... Click to view a price quote on EXC. Click to research the Utilities industry.
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    RealMoney by TheStreet.com

  • Today Pandora Officially Crushes Terrestrial Radio

    16 May 2012 | 2:57 pm
    NEW YORK (TheStreet) -- Unless you're doing something truly unique and compelling on terrestrial radio, Pandora just served you the proverbial papers. Here I explain why investors should pay attention to ratings-related news Pandora released this morning. While the impact might not be immediate, we will look back on May 16, 2012, as the day Pandora -- and Internet radio in general -- rendered terrestrial radio, on a grand scale, obsolete. I add "by and large" because a place will always exist for traditional radio. What I envision, however, is a product that delivers, almost solely,…
  • Is Brocade a Buy Ahead of Earnings?

    16 May 2012 | 2:56 pm
    NEW YORK (TheStreet) -- Network equipment maker Brocade will be reporting first-quarter earnings on Thursday and I will be paying close attention to see if it presents sufficient justification to remain on my watch list. For as much as I have been an unabashed cheerleader of Cisco and the rest of the networking sector, Brocade has always been a name I have kept at arm's length. Mainly, the stock has always been too expensive for me. I have never been able to justify paying for an equity that trades almost three times the price-to-earnings ratio of the market leader, Cisco, while also lagging…
  • CEOs Gone Wild: What's Wrong With Corporate America?

    16 May 2012 | 1:26 pm
    By Jeff Cox, CNBC.com Senior Writer NEW YORK (CNBC) -- Four years after the financial crisis exploded and resulted in a regulatory clampdown, bad behavior is back in corporate boardrooms and C-suites, generating embarrassing headlines and posing the threat of even more rules. Whether it's resume-padding at Yahoo, improper relations with female subordinates at Best Buy or questionable loan dealings at Chesapeake Energy, several high-profile CEOs have helped bring back memories of scandals past that destroyed companies and hammered investors. ...
  • Sirius XM: Give These Analysts Credit

    16 May 2012 | 12:28 pm
    NEW YORK (TheStreet) -- Warren Buffett once reminded investors that "price" is what we pay and "value" is what we get. Unfortunately, many investors confuse the two. Smart investing requires lots of homework: dissecting balance sheets and income statements. It also demands objectivity in doing this homework. ... Click to view a price quote on SIRI. Click to research the Media industry.
  • Buy Cisco, Cheapest Tech Stock on the Market, and Short Riverbed

    16 May 2012 | 12:00 pm
    NEW YORK (TheStreet) -- My emotional attachment to networking giant Ciscois now widely known -- to the extent that recently it has been suggested that I have become the company's unabashed cheerleader. Be that as it may, what is absent in my new label and, disappointingly, what continues to be ignored on Wall Street are the fundamental reasons for this connection. The fact of the matter is, I look at rivals such as F5 and Juniper trading at multiples respectively three and 2.5 times that of Cisco's P/E of 12 and wonder: What is this market thinking? From a fundamental perspective (and likely…
 
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    Personal Finance

  • Older Americans Advise College Grads to Be Risk Takers

    16 May 2012 | 12:20 pm
    NEW YORK (MainStreet) -- Travel, don't work for money, make the most of a bad job. These are some of the life recommendations older Americans have for young Americans. What's the most important piece of advice? Get excited, because life goes by fast. This month, college graduates will don their sheepskins and accept their diplomas in something of an anxious state. ...
  • Brown's Plan for California: 4-Day Workweek

    15 May 2012 | 2:00 pm
    By Kevin Spak, Newser Staff California Gov. Jerry Brown unveiled a painful slate of budget cuts yesterday, including shifting all state employees to a four-day, 38-hour workweek, in an effort to reduce the state's yawning $15.7 billion budget gap. The plan also includes cuts to courts, health services, and welfare in what Brown terms a stab at "real, increased austerity." The plan also assumes the public will in November pass a new tax initiative designed to raise $6 billion, the San Francisco Chronicle reports. ...
  • Make Money Trading U.S. Treasuries

    15 May 2012 | 9:09 am
    NEW YORK (TheStreet) -- U.S. Treasury yields have been declining since the new millennium began. With yields at or near record lows, there's a misperception about the U.S. Treasury market among Wall Street analysts and by investors. Most strategists have told investors to avoid U.S. Treasuries over the past few years because of what they describe as a bond bubble. They assume that investors just buy and hold bonds to maturity. I have not been in the bearish camp for Treasuries given the opportunities to "buy and trade." Yields are reluctant to rise significantly as long as the Federal Reserve…
  • Three Foreign ETFs That Could Rocket

    14 May 2012 | 11:57 am
    NEW YORK (ETF Expert) -- There are times when the dollar tells investors all they need to know ... at least in the short term. For example, the PowerShares DB US$ Dollar Bullish Fund gained ground for nine consecutive days in an expression of serious doubt about Europe's finances and leadership. Indeed, the almighty buck still reigns supreme during gargatuan uncertainty. In the first chart below, UUP's black bars in May graphically depict the recent aversion to risk. And yet, the greenback's appeal is not entirely new. The price of this ETF has effectively stayed above a long-term trendline…
  • New Fund Ratings Could Earn Gold Star

    14 May 2012 | 10:32 am
    NEW YORK (TheStreet) -- For decades, Morningstar's ratings have been a powerful force in the mutual fund industry. Funds that win a top five-star rating tend to attract assets, while most funds that receive a lowly one star soon go out of business. Fund companies with high grades are quick to mention them in advertisements. But academic studies have shown that the ratings don't necessarily provide reliable guidance. All too often, funds that won top grades have gone on to deliver mediocre results. Now, Morningstar has developed a new ranking system that will rate recommended funds as gold,…
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    Precious Metals

  • The Most Compelling, Overlooked Bargains in a Melting Stock Market

    16 May 2012 | 9:46 am
    NEW YORK (TheStreet) -- The current stock market sell-off is beginning to make some investors feel a bit queasy. Investor sentiment hasn't reached the gut-wrenching or the panic levels yet. But traders and investors I've spoken to are almost numb, cautious and cynical. Just when they hope they've found a good entry point, the next wave of lousy news headlines causes almost all kind of investments, from commodities to equities, to fall more.... Click to view a price quote on SLW. Click to research the Metals & Mining industry.
  • It's Time to Buy Gold for a Trade

    16 May 2012 | 9:40 am
    NEW YORK (TheStreet) -- Back on April 26, I wrote about the "Death Cross" for gold in "Gold Under a Death Cross, How to Trade Mining Stocks." Today we will take a longer term view of gold looking at the monthly chart going back to 1980, then look at the daily chart for the ETF with the symbol GLD to show that a short-term oversold rebound appears likely soon.... Click to view a price quote on GLD. Click to research the Financial Services industry.
  • Platinum Shiniest of Precious Metals

    16 May 2012 | 8:35 am
    Tim Harvey, Sr. VP at ETF Securities, explains why platinum is holding up better than gold, silver and palladium.
  • Gold Miners, Silver Looking Attractive

    14 May 2012 | 9:05 am
    Phil Streible, Sr. commodities broker at RJO Futures, says silver and lagging gold mining stocks are growing too cheap to ignore.
  • Silver Miners Super Cheap

    11 May 2012 | 10:43 am
    David Morgan, founder of Silver-Investor.com, says silver mining stocks are seriously undervalued after the metal's recent selloff.
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    Retirement

  • Treating Children Equally in Estate Planning Is a Mistake

    11 May 2012 | 9:01 am
    NEW YORK (TheStreet) -- The most common refrain I hear when assisting clients with estate planning is that they want to treat their children equally. It's a parent's instinctual, default position. However, it can be a flawed position to lead from. In some cases, you might need to treat your children differently when it comes to gifting and estate planning. Notice I said differently but not unequally. So what are some examples of treating your adult children differently: Not naming all of your children as successor executors Gifting the annual gift exclusion of $13,000 outright to some…
  • Retiring? Better Have $240K for Health Care

    10 May 2012 | 1:51 pm
    By Evann Gastaldo, Newser Staff Retiring this year? You and your significant other will need $240,000 for health care expenses, according to Fidelity Investments' latest annual projection. That's up 4% from last year's $230,000 estimate, which is a typical -- and actually fairly modest -- increase, BusinessWeek reports. Since 2002's $160,000 estimate, the annual figure has increased an average of 6% per year. ...
  • Stock-Picking Is a Fool's Errand

    7 May 2012 | 8:16 am
    BOSTON (TheStreet) -- In case it wasn't already clear, new studies show that index investing is the way to go. That means fund managers, advisers and brokers largely don't help individual investors. Three separate research reports, issued together by the Center for Retirement Research at Boston College, conclude, variously, that individual investors have poor stock-picking skills, investment advisers' advice is frequently not in clients' best interest, and that profits from value-style investing can be, at best, illusory. ...
  • 401(k) Day Trading Turns a Happy 4

    4 May 2012 | 6:00 am
    By Richard Schmitt SAN FRANCISCO (TheStreet) -- It seems like only yesterday that my baby retirement savings portfolio came to life. Yet here I am, four years later, looking back fondly at that day in May 2008 when 401(k) day trading started transforming my tiny bundle of joy into a wonderful monster. I'll admit that when 401(k) day trading came into my life, I was hesitant about entrusting my wee one to a complete stranger. This newcomer had no track record backing its premise of methodically bringing out my precious baby's untapped potential in uncertain times. With no experience to review,…
  • 10 Worst-Off State Pension Funds

    3 May 2012 | 7:30 am
    BOSTON (TheStreet) -- Pension reform is a political football that has increasingly pitted state officials against state and municipal workers relying on retirement benefits. "The confluence of the severe recession and the collapse of the housing bubble dramatically slashed tax revenues," says a recent study by the Federal Reserve Banks of Cleveland and Atlanta. "The toll has been particularly heavy on public pensions, whose troubles with chronic underfunding predate the financial crisis. By one estimate, the nation's 126 largest public pensions were underfunded by at least $800 billion in…
 
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    Taxes

  • Brown's Plan for California: 4-Day Workweek

    15 May 2012 | 2:00 pm
    By Kevin Spak, Newser Staff California Gov. Jerry Brown unveiled a painful slate of budget cuts yesterday, including shifting all state employees to a four-day, 38-hour workweek, in an effort to reduce the state's yawning $15.7 billion budget gap. The plan also includes cuts to courts, health services, and welfare in what Brown terms a stab at "real, increased austerity." The plan also assumes the public will in November pass a new tax initiative designed to raise $6 billion, the San Francisco Chronicle reports. ...
  • Loeb Sues Yahoo!, Wants Info on Thompson

    7 May 2012 | 1:07 pm
    NEW YORK (TheStreet) -- Dan Loeb is really sticking it to Yahoo!, as his proxy war with the Internet company turns ugly. Loeb and his hedge fund Third Point are now suing Yahoo! and requesting information regarding CEO Scott Thompson's hiring process amid the controversy over Thompson's background. Last week, Loeb said Thompson did not have the computer science degree from Stonehill College that he claimed on his resume to have. Yahoo! responded by saying it was an inadvertent error. Yahoo!'s board is now looking into the situation following the intense scrutiny over the situation. ... Click…
  • The Secrets Behind Apple's Super-Low Tax Rate

    1 May 2012 | 9:40 am
    By Mark Russell, Newser Staff Apple is one of the most profitable companies in the world--and also one of the most aggressive and creative at avoiding taxes, reports the New York Times, which outlines a number of the company's tax-avoidance strategies. Among them: Despite its well-known Cupertino, California, headquarters, Apple partly avoids the state's 8.84% corporate tax rate by directing some of its profits to a subsidiary in Nevada, where there are no corporate state taxes. (Almost poetically, that subsidiary is named Braeburn Capital, after a tart yet sweet type of apple.) Apple's sales…
  • General Electric Financial Arm's Tax Rate Drove Earnings Beat

    23 Apr 2012 | 8:17 am
    NEW YORK (TheStreet) -- General Electric's financial unit paid just a 9.4% tax rate in the first quarter, making a key contribution to the conglomerate's positive first quarter earnings surprise on Friday. General Electric management "set expectations for a 15% tax rate and it came in at 9.4% for the quarter," wrote Citigroup analyst Deane Dray in a report published Sunday, noting that the difference added a penny per share to earnings. General Electric earned 34 cents per share in the first quarter, beating consensus analyst expectations by a penny. General Electric's financial unit earned…
  • More Americans Drop Citizenship Over Taxes

    18 Apr 2012 | 3:56 pm
    By Neal Colgrass, Newser Staff It's April again: time to add up receipts, find little-known tax breaks, and, in some cases, renounce U.S. citizenship altogether. In fact, a record number of Americans abroad renounced their citizenship last year as complaints increased about IRS rules, Reuters reports. ...
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    Ted Reed

  • AMR/US Airways Deal Faces Pilot Seniority Hassles

    16 May 2012 | 6:35 am
    CHARLOTTE, N.C. (TheStreet) -- The odds may appear to favor a merger between AMR and US Airways, but that isn't to say that a merger would provide an easy solution to the accompanying pilot seniority integration problems. In fact, it is difficult to imagine more complexities than those involved in integrating two pilot groups from two different unions, each of which includes angry minorities of pilots who have filed lawsuits contesting the seniority practices pursued in two previous mergers. In 2001, American merged with TWA. The TWA pilots, who felt they were badly treated in the subsequent…
  • Warren Buffett's Latest Bet on America Is GM

    15 May 2012 | 4:38 pm
    DETROIT (TheStreet) -- Warren Buffett, famous for his bets on the U.S. economy and eternal optimism about this country's future, has become a buyer of one of the nation's biggest market symbols, auto maker GM . Buffett's Berkshire Hathaway disclosed in its quarterly portfolio holdings filing with the Securities and Exchange Commission on Tuesday afternoon that it bought 10 million shares of GM during the quarter, the first time Buffett's company has bought into the automaker since it emerged from bankruptcy in 2009. Berkshire's stake, which was small enough to have been a portfolio selection…
  • Ford's European Sales Fall in April

    15 May 2012 | 8:01 am
    DETROIT (TheStreet) -- Europe's continuing economic problems showed up in April auto sales, which slumped 7.7%. For the first four months of the year, sales are down 7.8%. Ford reported Tuesday that its April sales in the 19 traditional European markets slumped 11.5% to 90,200 vehicles and its market shared dipped by 0.3 points to 7.7%. But Ford remains the second best-selling European brand. For the full year, Ford sales in the 19 markets were down 8.2% and market share was flat at 8.3%. In the U.K., Ford's largest market in Europe, sales rose 4.3% to 24,400 vehicles and market share rose…
  • US Airways Shares Take Off on Merger Outlook

    14 May 2012 | 10:50 am
    CHARLOTTE, N.C. (TheStreet) -- Merger chatter has been positive for shares in US Airways . At mid-morning Monday, shares were trading at $11.53, up 22 cents or about 2%, while the Standard & Poor's 500 was down about 1%. On Friday, US Airways shares rose 4% after management of bankrupt AMR said it would explore the possibility of a merger while still in bankruptcy, reversing its previous position. For the full year, shares in US Airways are up about 121%. During the morning shares rose as high as $11.73, their highest level since late 2011. ... Click to view a price quote on AAMRQ.PK.
  • AMR's In-House Maintenance Commitment Set to Decline

    14 May 2012 | 6:55 am
    DALLAS (TheStreet) -- No matter how the AMR bankruptcy turns out, it is nearly certain to diminish the scope of a widely praised effort by the carrier and its workers to keep aircraft maintenance in-house and in the United States. At one time, the cooperative effort by the airline and the Transport Workers Union to reduce cost by boosting efficiencies was a showpiece and an indication that American, after veering away from bankruptcy in 2003, had staked out a different path than competitors who were becoming more and more likely to reduce costs by outsourcing the maintenance work they had…
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    The Good Life

  • 5 Luxurious Resorts for When Price Is No Object

    16 May 2012 | 6:00 am
    BOSTON (MainStreet) -- The world's finest vacation resorts offer it all -- exotic locations, first-class service, comfy accommodations and yummy meals. "It's really a combination of everything -- the setting, the ambiance, the services and all of the extras," says Bruce Wallin of luxury lifestyles magazine The Robb Report, which recently compiled its first Robb Report 100 List of the poshest resorts around the globe. Some two dozen Robb Report writers and editors teamed up with industry experts to pick the greatest vacation spots available to the price-is-no-object crowd. ...
  • ArteBA Paints Beautiful Picture of Buenos Aires

    15 May 2012 | 6:00 am
    BUENOS AIRES, Argentina (MainStreet) -- As one of Latin America's premiere art events, as well as one of the preeminent fairs in the contemporary art world, ArteBA has grown in its 21st year to expect more than 120,0000 visitors for the five-day event starting Friday. Much like New York's Armory or Art Basel, the event features a series of gallery shows and parties in a whirlwind week of art festivities and fair that's almost entirely open to the public. There are more than 68 art galleries participating in the event as well as exhibitors from neighboring countries such as Chile and Uruguay.
  • Warm Weather Indulgences of the Alcoholic Kind

    14 May 2012 | 6:00 am
    LAS VEGAS (MainStreet) -- Fruity. Smoky. Barrel-aged. Do these adjectives evoke thoughts of cocktails? They will now, as mixologists across the country tap their creative juices to whet appetites with some mouthwatering spirits during this warm-weather season. TravelsinTaste has sought out the fruity and fabulous to have on your cocktail radar for when the moment strikes you. More From TravelsinTaste CUT: A Cut Above the Rest SHO Shaun Hergatt: The Financial District Finally Gets Fine Dining Right New York's Best Seafood, Courtesy of New York's Best Chef: James Beard Award Winner Eric Ripert…
  • No Sign of Austerity for Cannes 2012

    10 May 2012 | 6:00 am
    CANNES, France (MainStreet) -- The gigayachts are queued in the harbor, the stars have already checked in and the red carpet has that deep luster again as the Cannes International Film Festival begins Wednesday. If anyone is expecting less sparkle this year, given a European debt crisis that's still mid-script, an explosion of new hotels and late-night party line-up seems to suggest otherwise. This year's star-studded jury includes fashion designer Jean Paul Gaultier, Diane Kruger and Ewan McGregor presiding over an inventory of film openings and premieres by headliners such as Brad Pitt and…
  • Disney to Let 100 People Join Super-Secret Club

    9 May 2012 | 2:09 pm
    By Evann Gastaldo, Newser Staff Membership at Disneyland's secretive Club 33 is so sought-after that no new names have been added to the 800-person-strong waiting list in a decade. But now, for the first time in 10 years, the membership rolls are being opened up once again, and 100 people on the waiting list will be invited to join the fewer than 500 who are estimated to be members. What will they get for their $25,000 entrance fee and $10,000 yearly dues? Access to Club 33, a hidden restaurant in New Orleans Square, as well as a new private club at the neighboring California Adventure theme…
 
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    Upgrades and Downgrades

  • Analysts' Actions: BCS, FOSL, GRPN, KLAC

    16 May 2012 | 7:40 am
    NEW YORK (TheStreet) -- CHANGE IN RATINGS Barclays was upgraded at UBS to Buy from Neutral. $13.85 price target. Risk/reward is now attractive, UBS said. First Majestic Silver was downgraded to Sell at TheStreet Ratings. ... Click to view a price quote on BCS. Click to research the Banking industry.
  • Analysts' Actions: AMAT, AMZN, GRPN, JNPR

    15 May 2012 | 7:49 am
    NEW YORK (TheStreet) -- CHANGE IN RATINGS Applied Materials was downgraded at Needham from Buy to Hold. Estimates were also cut, given a more cautious industry outlook, Needham said. Amazon.com was upgraded at Credit Suisse from Neutral to Outperform. $270 price target. Estimates were also boosted, as recent investments should pay off, Credit Suisse said. ... Click to view a price quote on AMAT. Click to research the Electronics industry.
  • Analysts' Actions: DHI, LLC, LEN, NOK

    14 May 2012 | 7:34 am
    NEW YORK (TheStreet) -- CHANGE IN RATINGS Alico was upgraded to Buy at TheStreet Ratings. Arch Coal was upgraded at UBS to Buy from Neutral. $11 price target. Negative catalysts behind us, moving past the debt/dividend overhang, UBS said. ... Click to view a price quote on DHI. Click to research the Materials & Construction industry.
  • Analysts' Actions: JPM, VZ, T, BBY

    11 May 2012 | 7:57 am
    NEW YORK (TheStreet) -- CHANGE IN RATINGS Bed Bath & Beyond was upgraded from Neutral to Outperform at Credit Suisse. $91 price target. Cost Plus acquisition should help boost growth. Best Buy downgraded from Outperform to Neutral at Credit Suisse. Company is facing multiple operating distractions. $20 price target. ... Click to view a price quote on JPM. Click to research the Banking industry.
  • Analysts' Actions: DLB, GGP, MLM, ORCL

    10 May 2012 | 7:32 am
    NEW YORK (TheStreet) -- CHANGE IN RATINGS Accretive Health was downgraded to Sell at TheStreet Ratings. Dolby was downgraded at JP Morgan from Overweight to Neutral. Company lacks near-term catalysts, JP Morgan said. $48 price target. ... Click to view a price quote on DLB. Click to research the Electronics industry.
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    Stock Winners & Losers

  • Abercrombie, China Telecom Slump to 52-Week Lows

    16 May 2012 | 12:44 pm
    NEW YORK (TheStreet) -- Abercrombie & Fitch and China Telecom sank to 52-week lows on Wednesday. Abercrombie & Fitch The retailer reported on Wednesday first-quarter net income of $3 million, or 3 cents a share, down from year-earlier earnings of $25.1 million, or 28 cents. ... Click to view a price quote on ANF. Click to research the Retail industry.
  • 5 Stocks Hit 52-Week Highs

    16 May 2012 | 12:31 pm
    NEW YORK (TheStreet) -- The following stocks hit 52-week highs on Wednesday: Lumber Liquidators, Meritage Homes, Churchill Downs, Radware and BioMarin Pharmaceutical. Lumber Liquidators "LL's business model provides competitive advantages," Canaccord analysts wrote in a report Tuesday. "Stores are relatively low-cost, and direct vendor relationships result in compelling values. LL's selection is wider, and we believe product quality and service is better than the competition." ... Click to view a price quote on RDWR. Click to research the Computer Software & Services industry.
  • GE, Cisco, Procter & Gamble: Dow Midday Movers

    16 May 2012 | 10:51 am
    NEW YORK (TheStreet) -- U.S. stocks were rising midday Wednesday as better-than-expected housing data seemed to trump investors' concerns about Greece's future in the eurozone. The Dow Jones Industrial Average was rising 21 points to 12,652.09. Leading the blue-chip index higher were General Electric, Cisco and Procter & Gamble. Shares of General Electric rose 3.7% to $19.08. GE Capital declared a $475 million quarterly dividend payable to parent company General Electric in the second quarter. GE Capital also plans to pay a $4.5 billion special dividend this year to GE. Both payments are…
  • Goodyear Tire: S&P Intraday Gainer

    16 May 2012 | 9:32 am
    NEW YORK (TheStreet) -- Goodyear Tire was the best-performing stock in the S&P 500 on Wednesday morning. The S&P 500 was rising 9.5 points, or 0.7%, to 1,340. Shares of Goodyear rose 7.07% to $10.91. Goldman Sachs is keeping its attractive view on car companies and their suppliers, according to Bloomberg. ... Click to view a price quote on ^GSPC.
  • J.C. Penney, GM: After-Hours Headlines

    15 May 2012 | 5:33 pm
    NEW YORK (TheStreet) -- Here's a round-up of companies making news after Tuesday's closing bell. J.C. Penney J.C. Penney reported a much wider than anticipated quarterly loss late Tuesday and said it's discontinuing its dividend. The department store retailer, which is trying to reinvent itself under the direction of CEO Ron Johnson, a former Apple executive, reported an adjusted loss of $55 million, or 25 cents a share, and said same-store sales fell 18.9% in its fiscal first quarter ended in April. The average estimate of analysts polled by Thomson Reuters was for a loss of 11 cents a share…
 
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