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Halfway through the second quarter, the S&P 500 is up 6.5% YTD and continues to blast through new record highs. In contrast to the first quarter when the leadership came from healthcare, utility, and consumer staple names, financials are the top...
From: TheStreet | By: Henry Schwartz | Tuesday, May 21, 2013
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NEWPORT BEACH, CALIF. (TheStreet) -- Yahoo!'s acquisition of Tumblr is not just about the audience, it's about the possibilities for the two companies, Yahoo! CEO Marissa Mayer said during a CNBC interview. "Tumblr has a really good thing going," Mayer...
From: TheStreet | By: Chris Ciaccia | Tuesday, May 21, 2013
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NEW YORK (TheStreet) -- When it comes to helping finance their retirement, today's career professionals increasingly believe they're on their own. That's the conclusion drawn by a study from Financial Finesse, an El Segundo, Calif., personal finance...
From: TheStreet | By: Brian O'Connell | Tuesday, May 21, 2013
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KERX data by YCharts BOSTON (TheStreet) -- Something is ailing Keryx Biopharmaceuticals because the stock is significantly underperforming the rest of the booming biotech sector. The chart above explains what I mean. Keryx shares (the blue line) are...
From: TheStreet | By: Adam Feuerstein | Tuesday, May 21, 2013
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WIXOM, MI (TheStreet) -- Consider a run-up trade in a biotech stock after it raises money. A recent example: Last January, Trius Therapeutics sold 6.3 million shares at a 9% discount to its market price at the time. Over the next two months -- and ahead...
From: TheStreet | By: Mark Messier | Tuesday, May 21, 2013
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BOSTON (TheStreet) -- Gilead Sciences and Amarin highlight the updated list of biotech and pharmaceutical companies with FDA drug approval decisions expected for the remainder of 2013. The next era of hepatitis C therapy could begin on Dec. 6, if FDA...
From: TheStreet | By: Adam Feuerstein | Tuesday, May 21, 2013
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Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener. NEW YORK (TheStreet) -- We want dividends from stocks, not coupons from bonds, Jim Cramer told his "Mad Money" TV show viewers Monday as he offered...
From: TheStreet | By: Scott Rutt | Tuesday, May 21, 2013
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NEW YORK (TheStreet) -- It's hard to argue REITs should not be in your core portfolio when the dividend-centric sector is crushing just about all other well known asset classes. Year to date, all equity real estate investment trusts have returned over...
From: TheStreet | By: Brad Thomas | Monday, May 20, 2013
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NEW YORK (Credit-land.com) -- Prepaid cards are no longer for subprime customers. New, largely fee-free structures make them the choice for those looking for an alternative to a traditional bank account, as well as those who don't want to risk running...
From: TheStreet | By: Roman Shteyn | Monday, May 20, 2013
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NEW YORK (TheStreet) -- The spectacle on Capitol Hill Tuesday highlights, first and foremost, what's wrong with our country and, secondarily, what's wrong with Apple . Second point first. There's no question Tim Cook is killing it in front of that Senate...
From: TheStreet | By: Rocco Pendola | Tuesday, May 21, 2013
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NEW YORK (TheStreet) - Just in time for Memorial Day, the U.S. Small Business Administration Tuesday began a lending program that will involve 20 of the country's largest banking institutions. Wells Fargo , JPMorgan Chase , U.S. Bancorp , TD Bank head...
From: TheStreet | By: Laurie Kulikowski | Tuesday, May 21, 2013
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NEW YORK (TheStreet) - Kudos to Apple for figuring how to legally shuffle $44 billion in profits to non-tax jurisdictions. Unfortunately, while the iPhone designer may have broken new ground in tax avoidance -- according to a Senate Subcommittee on Investigations...
From: TheStreet | By: Antoine Gara | Tuesday, May 21, 2013
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RIO DEI FRARI, VENICE, Italy (TheStreet) -- Sure, it's a bummer of a bull market, but it's a bull nonetheless. Time to buy a stock and hold it. That makes it time to check in with my favorite expert in what's of real value over time: Mr. Gianni Berengo...
From: TheStreet | By: Jonathan Blum | Tuesday, May 21, 2013
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By Dan Fastenberg As tough as the labor market is, college grads still have an easier timethan those with only a high school degree. In February, college graduates had an unemployment rate of 3.8 percent -- compared to a staggering 11% for those with...
From: TheStreet | By: AOL Jobs | Tuesday, May 21, 2013
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Editor's Note: This article was originally published at 7:03 a.m. EDT on May 21 on Real Money. To see Jim Cramer's latest commentary as it's published, sign up for a free trial of Real Money. NEW YORK (Real Money) -- Can the market make it 19 straight...
From: TheStreet | By: Jim Cramer | Tuesday, May 21, 2013
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NEW YORK (TheStreet) - Microsoft dominated the world of computer software not that long ago, and that domination also included their game console, the Xbox. But, times have changed. What used to be cool to operate on your TV set or monitor is now a whole...
From: TheStreet | By: Gary Krakow | Tuesday, May 21, 2013
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NEWPORT BEACH, CALIF. (TheStreet) -- Apple CEO Tim Cook is appearing before Congress Tuesday, as reports show the tech giant used Irish subsidiaries to avoid paying taxes on more than $70 billion in profits over the past three years. Apple, which has...
From: TheStreet | By: Chris Ciaccia | Tuesday, May 21, 2013
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NEW YORK (TheStreet) -- As terrible as the tornadoes in Oklahoma on Monday were, this is not a unique event, even in the city of Moore, which is about 10 miles south of Oklahoma City. As of 10:00 a.m. ET Tuesday, rescue workers were in the midst of a...
From: TheStreet | By: Philip van Doorn | Tuesday, May 21, 2013
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Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus". NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Tuesday. Wells Fargo downgraded VF Corp to hold from buy but Cramer disagreed because...
From: TheStreet | By: Bret Kenwell | Tuesday, May 21, 2013
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BALTIMORE (Stockpickr) -- You know it's been a crazy month for stocks when yesterday's 0.07% decline in the S&P 500 was one of the four biggest down days in May. I, for one, don't necessarily think that's a bad thing. As breakneck as the market's...
From: TheStreet | By: Jonas Elmerraji | Tuesday, May 21, 2013
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NEW YORK (TheStreet) -- U.S. stocks were wavering Tuesday as concerns about a slowdown in the Federal Reserve's quantitative easing were offset by reports that JPMorgan Chase may have avoided a split in its CEO and Chair roles and Home Depot raised its...
From: TheStreet | By: Andrea Tse | Tuesday, May 21, 2013
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NEW YORK (TheStreet) -- Jamie Dimon will get to keep his chairman and CEO titles at JPMorgan Chase , the New York Times reported, citing people familiar with preliminary voting results. Reports suggest that shareholders defeated the proposal to split...
From: TheStreet | By: Shanthi Bharatwaj | Tuesday, May 21, 2013
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NEW YORK (TheStreet -- It will soon be game on for the game companies. Activision and Electronic Arts have both seen the stock prices rise recently, but every summer these stocks pull back. That's when investors, who haven't gotten into the game, should...
From: TheStreet | By: Debra Borchardt | Tuesday, May 21, 2013
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NEW YORK (TheStreet) -- The other day at the grocery store, I realized yet gain, that we live in very interesting times. The cashier, 50ish, and I struck up a conversation about investing when he found out what I did for a living. He asked that same...
From: TheStreet | By: Jonathan Heller | Tuesday, May 21, 2013
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NEW YORK (TheStreet) -- U.S. equity markets have extended their winning streak to four months, but low volumes and lack of a catalyst could add more volatility this week. The chart below shows Guggenheim S&P Equal Weight ETF over SPDR S&P 500...
From: TheStreet | By: Andrew Sachais | Tuesday, May 21, 2013
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NEW YORK (TheStreet) -- CHANGE IN RATINGS Cubist Pharmaceuticals was upgraded at Cantor Fitzgerald to hold from sell. Valuation call, based on a $49 price target, Cantor said. Carnival was downgraded at UBS to neutral from buy. The worst is not behind...
From: TheStreet | By: TheStreet Staff | Tuesday, May 21, 2013
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NEW YORK (TheStreet) -- Amazon may be feeling a bit more defensive of its cloud business now that Google has released its Google Compute Engine to the masses. The key areas where Google can attack Amazon are performance consistency, boot times and its...
From: TheStreet | By: Andrea Tse | Tuesday, May 21, 2013
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NEW YORK (TheStreet) -- The media has been making plenty of hay in advance of the nonbinding vote of JPMorgan Chase shareholders on whether or not to split James Dimon's dual roles as CEO and chairman of the board, but voting against Dimon would do nothing...
From: TheStreet | By: Philip van Doorn | Tuesday, May 21, 2013
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NEW YORK (TheStreet) -- Stock futures were little changed Tuesday, after the S&P 500 eased from its record high during the prior session as investors suspected the Federal Reserve will slow its quantitative easing after officials hinted at the possibility...
From: TheStreet | By: Andrea Tse | Tuesday, May 21, 2013
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NEW YORK (TheStreet) -- In all my years as an investor I've never met anyone who knew the secret of buying stocks at the very bottom and selling at the top. In fact, knowing when to sell may be more challenging than knowing when to buy. In my recent...
From: TheStreet | By: Marc Courtenay | Tuesday, May 21, 2013
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NEW YORK (Reuters Blogs) -- Jamie Dimon is wagging his finger from newstands across America this week, above the kind of headline his PR team can only dream of: "DIMON IS FOREVER: Why Jamie Dimon is Wall Street's Indispensable Man". The story itself,...
From: TheStreet | By: Felix Salmon | Tuesday, May 21, 2013
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Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener. NEW YORK (TheStreet) -- Here are some of the hot stocks Jim Cramer talked about on Monday's "Mad Money" on CNBC: SAVE data by YCharts Spirit Airlines...
From: TheStreet | By: Scott Rutt | Tuesday, May 21, 2013
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Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener. NEW YORK (TheStreet) -- Here's what Jim Cramer had to say about some of the stocks callers offered up during the "Mad Money Lightning Round" Monday...
From: TheStreet | By: Scott Rutt | Tuesday, May 21, 2013
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This column originally appeared on Real Money Pro at 8:56 a.m. EDT on May 20. NEW YORK (Real Money) -- This morning's opening missive summarizes my previous and current market views and attempts to deliver a mea culpa as to why I have been so wrong in...
From: TheStreet | By: Doug Kass | Tuesday, May 21, 2013
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NEW YORK (TheStreet) -- It's not unusual for investors to proclaim to anyone who cares to listen his or her favorite stock is cheap. But when that stock is also at a 52-week high, it's time to raise eyebrows at the logic. Somehow, Chevron , which fits...
From: TheStreet | By: Richard Saintvilus | Tuesday, May 21, 2013
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NEW YORK (TheStreet) -- For most of my life, and yours, energy politics has been about a fight for energy supply. Now, as I indicated yesterday it's becoming a fight for energy markets. So long as that energy is in the form of oil and gas, of course,...
From: TheStreet | By: Dana Blankenhorn | Tuesday, May 21, 2013
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NEW YORK (TheStreet) -- A massive tornado cut a swath of destruction across the suburbs of Oklahoma City on Monday, according to published media reports, killing at least 91 people, 20 of them children. The tornado flattened multiple buildings in Moore,...
From: TheStreet | By: Joseph Woelfel | Tuesday, May 21, 2013
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By David Russell, reporter at OptionMonster NEW YORK -- Energy producer Apache bounced at its 200-day moving average, and the bulls are looking for steady gains. OptionMonster's tracking programs detected the purchase of 10,000 January 90 calls for $3.51...
From: TheStreet | By: OptionMonster | Tuesday, May 21, 2013
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NEW YORK (TheStreet) -- European banks may soon find it far more difficult to attract and retain talented U.S. executives, as new pay restrictions draw closer. Under new rules being finalized by the European Banking Authority, top executives at European...
From: TheStreet | By: Dan Freed | Tuesday, May 21, 2013
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NEW YORK (TheStreet) -- Yesterday turned out to be a very busy day for the new Yahoo!. First, the announcement, early on Monday that the Internet giant paid $1.1 billion to buy microblogging site Tumblr. Then, late Monday afternoon Yahoo! gathered a...
From: TheStreet | By: Gary Krakow | Tuesday, May 21, 2013
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NEW YORK (TheStreet) - A massive tornado has cut a swath of destruction across the suburbs of Oklahoma City, according to published media reports, leaving at least 51 people dead. The Associated Press reports that the tornado flattened multiple buildings...
From: TheStreet | By: James Rogers | Tuesday, May 21, 2013
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Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus". (Updates from 10:38 a.m. ET with closing information.) NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Monday. American International...
From: TheStreet | By: Bret Kenwell | Monday, May 20, 2013
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NEW YORK (TheStreet) - Urban Outfitters , owner of Anthropologie, Free People and its name brand, fell in after-hours trading as sales growth fell short of analyst expectations. Shares were falling 3.1% in after market trading after closing Monday at...
From: TheStreet | By: Laurie Kulikowski | Monday, May 20, 2013
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NEW YORK (TheStreet) -- Capital One was the winner among the nation's largest banks on Monday, with shares rising 2% to close at $61.81. The broad indices all ended with slight declines, but bank stocks continued their amazing run, with the KBW Bank...
From: TheStreet | By: Philip van Doorn | Monday, May 20, 2013
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NEW YORK (TheStreet) -- From the get-go, I strongly supported Marissa Mayer's tenure as Yahoo! CEO. While I still believe in the legend of Mayer, I'm officially jumping off the bandwagon. YHOO stock is up 70% since Mayer got the gig. If you have been...
From: TheStreet | By: Rocco Pendola | Monday, May 20, 2013
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NEW YORK (TheStreet) -- "Mad Money" Research Director Nicole Urken sat down with TheStreet's Jim Cramer to talk about master limited partnerships. With the recent run in stocks, many investors are left wondering where to put their money to work. Bonds...
From: TheStreet | By: Bret Kenwell | Monday, May 20, 2013
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NEW YORK (TheStreet) - Watson Pharmaceuticals, founded by a Taiwanese immigrant in the early 1980s and now a rival to generic drug giants Teva Pharmaceuticals and Novartis , is such an American success story the company has wound up in Ireland. On Monday,...
From: TheStreet | By: Antoine Gara | Monday, May 20, 2013
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NEW YORK (TheStreet) -- TheStreet's Jim Cramer and "Mad Money" Research Director Nicole Urken sat down to discuss the Tumblr takeover by Yahoo!. Yahoo! has reportedly agreed to pay $1.1 billion for the social media blogging site Tumblr. The board unanimously...
From: TheStreet | By: Bret Kenwell | Monday, May 20, 2013
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NEW YORK (TheStreet)- On more than one occasion, I've sang the praises of BB&T to just about anyone who cared to listen. While this regional bank does not carry the high profile of JPMorgan Chase or the consistency of Wells Fargo , BB&T was not...
From: TheStreet | By: Richard Saintvilus | Monday, May 20, 2013
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Updated from 11:09 a.m. ET with price updates and new comments NEW YORK (TheStreet) -- Gold prices on Monday afternoon were reversing morning losses as technical trading gained upside momentum. Gold for June delivery at the COMEX division of the CME...
From: TheStreet | By: Joe Deaux | Monday, May 20, 2013
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