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IPO Calendar 2014: These Two Tech Competitors Are Coming to Market
The 2014 IPO calendar has been full, with 51 companies already filing for initial public offerings, up 143% from the same time frame in 2013.
And these two similar tech IPOs have just joined the IPO must-watch list.
They are both file-hosting services that offer customers cloud computing, they are both based in California, and they both share half a name. Now they're both planning to go public in 2014.
Meet Box Inc. and Dropbox Inc.
A Big-Money Declaration of Independence
Editor's Note: We're giving you special access to Bill's Private Briefing because spin-offs and deal making are minting new millionaires weekly. Companies are going out to buy growth, and they're bringing trillions of dollars off the sidelines as this niche explodes. Here's Bill…
We love spin-offs.
And it's not just because you were able to cash in on our recommendation of Abbott Laboratories Inc. (NYSE: ABT), whose subsequent breakup into two companies has so far resulted in gains of 27% and 47%.
Hot Stocks to Watch Today
There were several hot stocks to watch today as all three indexes remained on the upswing hours into trading.
Retail sales dominated headlines Wednesday, with Barnes & Noble Inc. (NYSE: BKS), Target Corp. (NYSE: TGT), Abercrombie & Fitch Co. (NYSE: ANF), and TJX Co. (NYSE: TJX) all up in morning trading on better than expected earnings and/or guidance. After the close, investors hear from Baidu Inc. (Nasdaq ADR: BIDU) and J.C. Penney Co. Inc. (NYSE: JCP).To continue reading, please click here...
J.C. Penney (NYSE: JCP) Earnings Spark 16% Jump After Hours
J.C. Penney Company Inc.’s (NYSE: JCP) 36-year-old tale will likely continue in tragedy today (Wednesday), as it is projected to report a $0.81 per share loss in its Q4 2013 earnings after the bell.
That would notch a $239.15 million net loss, compared with a loss of $427 million, or $2.51 cents per share, in the same quarter last year, according to a survey of analysts by Thomson Reuters.To continue reading, please click here...
This Is What the Best Bitcoin Exchange Should Look Like
Invest in the 2014 IPO Market with These 2 IPO ETFs
The IPO market in 2014 has been crowded, and IPO ETFs are among the best way for investors to get in on the action.
So far, 35 companies have hosted initial public offerings through the first three weeks of February. That's up 75% from the same period in 2013.To continue reading, please click here...
Did Carl Icahn Go Too Far in His Letter to eBay (Nasdaq: EBAY) Investors?
On Monday, activist investor Carl Icahn delivered a swift jab at eBay Inc. (Nasdaq: EBAY) leadership in a terse letter questioning the loyalties of certain board members and the competence of Chief Executive Officer (CEO) John Donahoe.
In a letter to eBay shareholders, Icahn charged eBay leadership with the most "blatant disregard" for accountability that his firm Icahn Enterprises "has ever seen."to force eBay to bend to Icahn's will...
Why First Solar (Nasdaq: FSLR) Stock Is Among Today's Biggest Losers
First Solar Inc. (Nasdaq: FSLR) stock is down 12% today (Wednesday) after reporting Q4 adjusted earnings of $0.89 per share on revenue of $768 million. Analysts surveyed by FactSet had projected earnings per share (EPS) of $0.98 on revenue of $973 million.
The adjusted earnings added $0.25 per share related to a recent agreement for First Solar to sell its facility in Mesa, Ariz. Generally accepted accounting principles (GAAP) earnings were $0.64 per share, which was down from $1.74 the year before.
Revenue for the full year 2013 was $3.31 billion – down 1.8% from 2012. Analysts at Zacks Investment Research had projected yearly revenue of $3.53 billion.
Why the Rising Tide in Oil Hasn't Been as Good for Offshore Drilling Ventures
The spread between West Texas Intermediate (WTI) and Brent continues to narrow.
Thanks to additional new U.S. pipeline capacity and the growing volume of oil product exports from American refineries, the glut of excess storage at Cushing, Okla., is shrinking.
This ongoing glut has been the single biggest reason why WTI trades at a discount to Brent. As I write this, WTI is approaching $104 a barrel and Brent $111.
With crude oil prices continuing to rise, you would think that would be good news for both onshore and offshore drilling ventures.
But it's just not so, at least in the short term.
The distribution between onshore and offshore projects has changed in favor of land-based drilling, driven largely by unconventional oil.
This is merely the latest sign that, in oil at least, a rising tide does not equally raise all boats.Here's what this new development means for offshore investors...