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[ July 28, 2015 | Author: admin | Views: 11768 | Weather: | Mood: normal]

Earnings season started off well for the Dow Jones Industrial Average (DJINDICES: ^DJI  ) yesterday with Alcoa’s (NYSE: AA  ) beat, and the blue-chip index is back on the upswing today. Almost the entire Dow is in the green as the index pulls in gains of 85 points as of 2:20 p.m. EDT. Alcoa ranks near the bottom of the index despite its strong quarterly report, but several big movers at the top of the index are fueling Dow investors’ optimism. Let’s check out the movers and shakers of the day. Alcoa’s earnings highs and lowAluminum producer Alcoa posted quarterly earnings per share of $0.07, beating projections by a penny. More pertinent, however, revenue continued to slide in line with an industrywide trend, down almost 2% for the quarter — although it still narrowly beat analyst projections. The company’s primary-metals business was the culprit behind sliding sales and stunted earnings, as the … Continue reading

[ July 28, 2015 | Author: admin | Views: 7804 | Weather: | Mood: normal]

Technology continues to be a top sector to buy at the major Wall Street firms that we cover at 24/7 Wall Street. One of the top areas that could show strong upside this year is the applied and emerging technology subsector. While many of the names are well known, and leaders in their respective categories, they often seem to be overshadowed by the mega-cap technology names. In a new report from J.P. Morgan, the analysts focus on the stocks that have groundbreaking technology and applications. These are companies that may have the ability to grow earnings and margins far faster than some of their mega-cap brethren. They are also the companies that some of the huge players may have their eye on. Here are some of the top applied and emerging technology stocks to buy at J.P. Morgan with strong upside potential. Cubic Corp. (NYSE: CUB) makes the list at … Continue reading

[ July 28, 2015 | Author: admin | Views: 99403 | Weather: | Mood: normal]

It's no secret that J.C. Penney (NYSE: JCP) has become a retail disaster over the past five years. The top line has fallen each year since 2007, from sales of $19.9 billion to last year's $12.9 billion. Earnings have followed suit, slipping from 2007's profit of $1.15 billion to a net loss of $985 million in 2012.   In an attempt to stop the bleeding, J.C. Penney's biggest shareholder, billionaire hedge-fund manager Bill Ackman, was forced to abruptly remove CEO Ron Johnson from his post last month. Few may disagree with the reason for the decision, and many would agree that making such a change in the midst of a mess is likely only to aggravate the retailer's woes and add to the list of reasons not to become a shareholder. Hot Retail Stocks To Invest In 2016: Ross Stores Inc.(ROST) Ross Stores, Inc., together with its subsidiaries, operates off-price … Continue reading

[ July 28, 2015 | Author: admin | Views: 17699 | Weather: | Mood: normal]

Among America’s bigger regional bankers, PNC (NYSE: PNC  ) stock can probably claim claim its priciness as its biggest distinguishing factor. Valued at 12.7 times trailing earnings, shares of PNC Financial Services cost 18% more than rival Regions Financial (NYSE: RF  ) , and a whopping 53% more than SunTrust Banks (NYSE: STI  ) . But is there a good reason for investors to pay up for PNC stock? That’s what we’re going to try to find out today, as we examine a couple of predictions Wall Street analysts are making about the stock … and then turn to a prediction of my own. Prediction No. 1: Superior sales Wall Street analysts see PNC’s revenues growing to about $16.5 billion by 2015. That’s about 6.3% revenue growth — total — across three years’ time. While that may not sound like much, it’s significantly sprightlier than the expectations for either SunTrust (1.4%) or Regions … Continue reading

[ July 27, 2015 | Author: admin | Views: 57398 | Weather: | Mood: normal]

NEW YORK — When it comes to stock market shocks, the assassination of President John F. Kennedy on Nov. 22, 1963, ranks high in Wall Street history. When news of the assassination spread on television and radio and shock and grief took hold, stock prices took a sharp dive. On the day JFK was shot and killed in Dallas by Lee Harvey Oswald, the benchmark Standard & Poor’s 500 plunged 2.8%. A shocked Wall Street shut down the New York Stock Exchange at 2:07 p.m. EST. Tomorrow marks the 50th anniversary of Kennedy’s death. “It was a shock to the market,” says Sam Stovall, chief equity strategist at S&P Capital IQ. “There was chaos and total uncertainty, from a political perspective.” Adding to the market downturn: An enormous scandal that broke on Nov. 19, enveloping American Express and several brokerage houses, as loans secured by tanks of salad oil proved … Continue reading