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Forbes - United States

The Week Ahead: 3 Reasons to Put Stocks on Your Summer Shopping List

Though the major averages provided few fireworks last week, the majority of major averages did post solid. There were a number of individual stocks that did post significant gains for the week as it continues to be a stock pickers market. For those who do not closely follow the markets, the price action in the averages obscures what is happening in many stocks.

There were also a number of losers, with the airlines stocks dropping sharply last Wednesday as former market leader Southwest Airlines (LUV) was down over 10% for the week. The series of new closing highs in the S&P 500 has many of the TV pundits confused. As I stressed in 5 Mistakes to Avoid for the Rest of 2015, changing you investment plan based on any media sound bites is a prescription for disaster.

I was pleased that Jeffrey Gundlach, who manages $64 billion in the bond market, seems to feel the same way (Beware of CNBC Pundits). He does not have a high regard for their interest rate analysis, “The commentators on CNBC “don’t get it” Gundlach said, in regard to statements that the recent spike in interest rates was due to fears of Fed tightening.”

As I noted two weeks ago Are These Key Markets Changing Direction? investors bailed out of equity funds in April and its getting more difficult to find a market bull. The latest posting on the wall of worry is the realization that the Dow Transports have failed to make a new high with the Industrials since last November.

The longer-term chart I published on Friday points out that earlier in the bull market the Transports diverged for 21 months before blasting off to the upside. I have yet to see this cited in the press. Certainly, I would be more bullish on the market if the Transports were also making a new high, but there are no warning signs yet of a major correction.

The weak economic numbers so far in 2015 have discouraged many investors from buying stocks as according to AAII only 25.2% are bullish as 50% are neutral. This is bullish in my opinion, especially when combined with the generally low public participation in the stock market.

Posted on 22 May 2015 @ 11:07 pm

The 5 Most Controversial Trades Of 2015 From Ackman To Gross And Gundlach

From big bond bets to a new breed of stocks that draw in value investors and short sellers alike, a play on commodity prices and a bet on the government’s exit from the U.S. mortgage market, here are the five most controversial trades floating around Wall Street in 2015.

Posted on 22 May 2015 @ 9:10 pm

Akorn Moves Up In Market Cap Rank, Passing Discovery Communications

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Akorn Inc (NASD: AKRX) was identified as having a larger market cap than the smaller end of the S&P 500, for example Discovery Communications, Inc. (NASD: DISCA), according to The Online Investor. Click here to find out the top S&P 500 components ordered by average analyst rating »

Posted on 22 May 2015 @ 8:38 pm

Applied Materials Takes Over #200 Spot From Southwest Airlines

In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Applied Materials, Inc. (NASD: AMAT) has taken over the #200 spot from Southwest Airlines Co (NYSE: LUV), according to The Online Investor. Click here to find out the top S&P 500 components ordered by average analyst rating »

Posted on 22 May 2015 @ 8:36 pm

Are We Close To The Next Stock Market Collapse?

Famed investor Warren Buffett understands the difference between an overvalued stock market and one which is undervalued. Using his favorite stock valuation ratio, we’ll examine today’s market and reveal if stocks are overvalued, undervalued, or fairly valued. Learn everything you need to know about this in this informative article!

Posted on 22 May 2015 @ 8:14 pm

Weekly Market Wrap: May 22, 2015

The twentieth full trading week of 2015 comes to a close with the Dow Jones, S&P 500 and NASDAQ composite all relatively flat on the day in late afternoon trading.

Posted on 22 May 2015 @ 7:32 pm

Trina Solar Beats Expectations On Strong Shipments And Margins

Quarterly revenues came in at $558 million, up by 25.5% year-over-year, driven by stronger panel shipments, although they fell by 20.8% on a sequential basis due to seasonally lower sales in China. Gross margins improved by 2.3% sequentially to 18%, aided by a more favorable sales mix and lower manufacturing costs. The outlook for the global solar industry remains positive as concerns of excess supply have largely abated and installations are expected to grow by over 20% this year. Trina Solar could be one of the biggest beneficiaries of the boom, owing to its growing manufacturing capacity and its exposure to the burgeoning Chinese market.

Posted on 22 May 2015 @ 6:08 pm

RTT News - United States

Vanguard Natural Resources To Buy Eagle Rock Energy In $614 Mln Deal

Oil and gas producer Vanguard Natural Resources, LLC (VNR) has agreed to acquire Eagle Rock Energy Partners L.P. (EROC) in a deal valued at about $614 million, including the assumption of debt, the two companies said Thursday.

Posted on 22 May 2015 @ 4:25 am

WSJ: FTC Set To Clear Reynolds-Lorillard Deal As Early As Next Week

Tobacco companies Reynolds American, Inc. (RAI) and Lorillard, Inc. (LO) are set to receive antitrust clearance for their proposed merger as early as next week following a lengthy ten-month regulatory review, according to a Wall Street Journal report on Thursday.

Posted on 22 May 2015 @ 3:26 am

WSJ: FCC Chairman Wheeler Reaches Out To Cable Executives To Allay Deal Concerns

Federal Communications Commission Chairman Tom Wheeler allayed fears about the uncertainty related to the regulatory climate for future cable deals, according to a Wall Street Journal report on Thursday.

Posted on 22 May 2015 @ 2:39 am

Ross Stores Q1 Profit Rises, Lifts FY Outlook

Ross Stores Inc. (ROST) Thursday reported an increase in profit for the first quarter, as the discount apparel retailer’s revenue grew 10 percent while operating margins improved. Earnings for the quarter trumped Wall Street estimates, as did revenues. Moving ahead, the company lifted its full-year guidance, but detailed a weak outlook for the second quarter.

Posted on 22 May 2015 @ 12:19 am

Acxiom Loss Narrows, Outlook Weak; Stock Down 10%

IT services company Acxiom Corp. (ACXM), Thursday reported a fourth-quarter loss that narrowed from a year ago, reflecting the absence of an asset impairment charge recorded last year. Adjusted earnings for the quarter came in ahead of analysts’ estimates, while quarterly revenues fell short of expectations.

Posted on 22 May 2015 @ 12:18 am

Marvell Technology Q1 Profit Slips, But Tops View – Update

Marvell Technology Group Ltd. (MRVL) on Thursday said its fourth-quarter profit plunged from a year ago, as revenues dropped 24 percent. Earnings for the quarter trumped Wall Street estimates by a penny, but revenues fell short of expectations. Looking ahead, the chip maker detailed a weak outlook for the second quarter.

Posted on 21 May 2015 @ 10:09 pm

Lionsgate Q4 Profit Drops – Update

Lions Gate Entertainment Corp. (LGF) Thursday reported a plunge in profit for the fourth quarter, due largely to lower revenues.

Posted on 21 May 2015 @ 9:37 pm

Deutsche Welle - Germany

Medvedev: Russia to adopt ‘tough position’ if Ukraine defaults on debt

Russia says it’ll adopt a tough stance if Ukraine fails to pay off debts owed to Moscow by its previous government. The warning comes after Kyiv passed a law making it possible to delay payments to foreign creditors.

Posted on 23 May 2015 @ 3:15 pm

Bank of England confirms Brexit research after emailing error

The Bank of England has said it plans to research the economic risks of Britain leaving the EU. The admission confirms an email about the project that accidentally went to the wrong address.

Posted on 23 May 2015 @ 11:31 am

Yellen: Rate hike bound to come this year

Federal Reserve Chair Janet Yellen has insisted the benchmark funds rate would likely be raised before the year is over. She added investors must start accepting the inevitable and prepare for the day of truth.

Posted on 22 May 2015 @ 7:06 pm

Opinion: Yearning for the past may be useless

The German parliament has passed a new collective bargaining law. DW’s Rolf Wenkel says it will not stand the test of time, because it may well be unconstitutional and not lead to the desired effects.

Posted on 22 May 2015 @ 5:45 pm

Netherlands to sell ABN Amro bank stake

The Dutch government has announced plans to sell the state-owned bank, seven years after it was nationalized during the global financial crisis. The move sets the stage for one of the largest bank flotations in years.

Posted on 22 May 2015 @ 4:56 pm

Mazda, Mitsubishi act on Takata airbags

Days after Japanese car parts maker Takata doubled the number of vehicles being recalled due to the company’s defective airbags, auto giants Mazda and Mitsubishi added more vehicles to the recall.

Posted on 22 May 2015 @ 2:27 pm

Germany’s collective bargaining rules in focus

Germans famously take two things very seriously: Their work, and rules. That makes rules governing work doubly important. A fight over collective bargaining rules has huge implications for Europe’s powerhouse economy.

Posted on 22 May 2015 @ 2:02 pm

The Jerusalem Post - Israel

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Yahoo - United States

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