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Supply Concerns Send Corn Prices to a Record High

Here's an interesting story, which speaks volumes about the psychological dynamic of the markets. On Friday the United States Department of Agriculture (USDA) will report on end-of-season inventories, often called 'ending stocks.' Traders are getting word the report may show inventories are lower-than-usual. Against that backdrop, as a trader you certainly don't want to take a short position. So what to do? You buy, of course.

Monday's buying drove corn prices to a record high of $7.6025 per bushel, up 24.25 cents, as reported in the Wall Street Journal. Country Hedging, a brokerage firm, said: "Federal forecasters could drop the projection to less than 500 million bushels from last month's 675 million. This is a 15 year low."

Continue reading Supply Concerns Send Corn Prices to a Record High

Capital One Reports Strong Q4 Results, Shares Slide

Capital One Q4 Earnings ReportFinancial giant Capital One (COF) is trading slightly lower in after hours trading despite crushing analyst estimates for its fourth quarter after today's market close.

As we noted in our earnings preview, analysts had been expecting to see Capital One post earnings of $1.27 per share, but the company easily surpassed analyst forecasts by reporting earnings of $1.52 per share for the quarter.

Continue reading Capital One Reports Strong Q4 Results, Shares Slide

Another Strong Quarter for Apple

Steve Jobs Apple (AAPL) iPadThe day started off shaky for Apple Inc. (AAPL) after its leader and CEO, Steve Jobs, announced that he would be taking his second medical leave of absence yesterday.

The stock was in the red all day, but did rebound a bit at the end of the day, closing today's session down 2.2% to $340.65, after trading as low as $326.00 earlier in the day.

Continue reading Another Strong Quarter for Apple

Ford Planning to Hire More Employees

Ford To Hire More EmployeesIn another sign that auto industry has bright day ahead of it, Ford Motor Company (F) announced today that it planned to hire an additional 7,000 employees over the next 2 years.

While this is definitely good news, the figures are still way down from where they were before the auto crisis ravished the industry. Ford currently has 42,000 compared to 103,000 just ten years ago.

Continue reading Ford Planning to Hire More Employees

Barron's Forecasts 10% Higher Stock Market in 2011

Barron's is forecasting a 10% rise in stock prices in 2011 led by big cap stocks. They argue that the big caps have lagged the market for the past decade and are now poised to take the lead, as reported by CNBC.com.

Here are their top ten picks for this year: Exxon Mobil (XOM), Walmart (WMT), Pfizer (PFE), JPMorgan Chase (JPM), General Motors (GM), Cisco Systems (CSCO), United Continental Holdings (UAL), Barrack Gold (ABX), Entergy (ETR), and PepsiCo (PEP).

Continue reading Barron's Forecasts 10% Higher Stock Market in 2011

Nike Sells Off on Weak Future Orders

Nike (NKE) logoAthletic footwear and accessory giant Nike Inc. (NKE) sold off in after-hours trading as investors reacted to weaker-than-expected future orders, despite posting better-than-expected earnings and revenues during the quarter.

Quarterly earnings were up 22% from the same period last year to $0.94 per share, versus analyst estimates for $0.88. Revenues were up 10% during the quarter to $4.84 billion, compared to Wall Street estimates for $4.80 billion.

Continue reading Nike Sells Off on Weak Future Orders

Teva Pharmaceuticals MS Drug Study a Success

Teva logoTeva Pharmaceuticals (TEVA - option chain) shares are rising today after the company announced this morning that a Phase 3 study of its multiple sclerosis drug laquinimod met its primary endpoint. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on TEVA.

TEVA opened this morning at $52.48. So far today the stock has hit a low of $51.96 and a high of $52.73. As of 11:55, TEVA is trading at $52.27 up $3.00 (6.1%). The chart for TEVA looks bullish and S&P gives TEVA a positive 4 STARS (out of 5) buy ranking

Continue reading Teva Pharmaceuticals MS Drug Study a Success

German Chancellor Merkel's Comment Triggers Euro Sell Off

In Europe, German Chancellor Merkel stated that the euro is facing "An extraordinarily serious situation" in the wake of Ireland's debt problems, as quoted in the Wall Street Journal.

Her words sparked a sharp sell off in the euro. It traded at $1.34, down from $1.3624 on Monday. Analyst Ian Stannard with BNP Paribas in London said: "This is likely to be the start of a bigger move lower for the euro."

Continue reading German Chancellor Merkel's Comment Triggers Euro Sell Off

Accenture Posts Better-Than-Expected Q4 Earnings

Accenture Strong Q4 Earnings ReportShares of consulting giant Accenture (ACN) are trading sharply higher in after hours trading today following a strong fourth quarter earnings report.

As we noted in our earnings preview last night, analysts had been expecting to see Accenture post earnings of $0.63 per share, but actual earnings came in above expectations at $0.66.

Continue reading Accenture Posts Better-Than-Expected Q4 Earnings

Pressure's On Ahead of Earnings from Barnes & Noble

Barnes & Noble (BKS) logoBookseller Barnes & Noble (BKS) is slated to take its turn in the earnings spotlight before the opening bell Tuesday, Aug. 24. It's not exactly business as usual for Barnes & Noble, though -- with a proxy battle waging between Chairman Leonard Riggio and activist investor Ron Burkle, there's going to be an unusually harsh media glare on the quarterly results.

Of course, it's not just the financial media who will be eager to get a glimpse at Barnes & Noble's performance. Investors will also be chomping at the bit ahead of the firm's annual meeting, because Burkle has proposed a slate of three nominees for the retailer's board, and Riggio's seat is among those up for reelection. As Reuters' Phil Wahba explained it on Friday, "the extent of the damage is likely to affect who shareholders vote for at next month's annual meeting."

Continue reading Pressure's On Ahead of Earnings from Barnes & Noble

BP to Begin Scaling Back Oil Cleanup

BP Cleanup ProcessTwo weeks ago, BP plc (BP) was able to stop oil from spilling into the Gulf of Mexico. The company announced today that it was time to being scaling back on the cleanup process.

Since the spill began back in April, there has been over eleven million feet of boom deployed in the Gulf, but these only last for a certain number of tide cycles, and in areas where the company feels that beaches are not in danger, the boom will be removed.

Continue reading BP to Begin Scaling Back Oil Cleanup

BP Trades Lower as CEO Testifies Before Congress

bp oil spillShares of BP plc (BP) closed today's trading slightly lower, as the company's CEO, Tony Hayward, appeared before Congress today to discuss the oil blowout in the Gulf of Mexico.

BP has been under fire for the April 20th explosion that has resulted in the nation's largest environmental disaster, and today the company's CEO was in front of Congress to answer allegations that the company took cost cutting measures on the oil rig that it knew resulted in safety risks.

Continue reading BP Trades Lower as CEO Testifies Before Congress

Cisco Easily Outpaces Analyst Estimates

cisco systems third quarter earnings reportSo far it has been a pretty solid earnings season, and that trend continued this afternoon with tech giant Cisco Systems, Inc. (CSCO) posting better than expected results for its fiscal third quarter.

The company earned $0.42 during its third quarter, easily outpacing the $0.39 that Wall Street had been expecting to see.

Continue reading Cisco Easily Outpaces Analyst Estimates

Apple's iPhone To Get Multitasking

iphone multitaskingThis summer, Apple Inc. (AAPL)'s iPhone and iPad are going to have a feature that iPhone users have been dying to see since the phone hit the market in 2007... the ability to multitask.

The iPhone took the world by storm when it was released, and each time Apple releases a new model of the popular smart phone consumers line up and wait for hours, and in some cases days, to get their hands on the new Apple iPhone. While the phone is one of the most popular phones on the market today, there are a couple of issues with them, and the inability to multitask ranks up at the top of list of features that iPhone users have wanted.

Continue reading Apple's iPhone To Get Multitasking

Toyota Official Testifies That Recall May Not Totally Fix Problems

The recent massive safety recalls by Toyota Motor Company (TM) have definitely hurt the company's image, and the uncertainty over the current safety of its vehicles has left many people wondering what exactly is going on with the Toyota recall. If people were concerned before, they are sure to be a bit more confused after a Toyota executive testified in front of the House Energy and Commerce Committee today that the recall may not "totally solve" the current problems.

Last week Toyota's president, Akio Toyoda, was asked to come before Congress and testify over the current safety recalls. Mr. Toyoda will answer questions tomorrow, but today it was James E. Lentz III, the president of Toyota Motor Sales U.S.A., that had his chance to answer questions in front of Congress.

Continue reading Toyota Official Testifies That Recall May Not Totally Fix Problems

Next Page »

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 12, 2012: 12:21 PM

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