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JPMorgan (NYSE: JPM) Stock Slumps After Rare Earnings Miss

For the first time in over two years, and only the fifth time in a decade, JPMorgan Chase & Co. (NYSE: JPM) missed earnings forecasts when it posted first-quarter 2014 results Friday.


Investors were prepared for a slip in earnings compared with Q1 of 2013. In February, JPM cautioned trading revenue was weak. The warning was especially troubling because the first quarter is traditionally a strong one.

Trend Watch

Here's What These Top Activist Investors Do to Stocks You Own

Sooner or later, an activist investor will target a stock you own.

Activist investors have been more active than ever before over the past year and increasingly have gone after some of the most commonly held stocks in Corporate America, including Apple Inc. (Nasdaq: AAPL), The Procter & Gamble Co. (NYSE: PG), and J.C. Penney Co. Inc. (NYSE: JCP).

"No company, no matter how large, is beyond the reach of activists," Claudia Allen, a partner and head of the corporate governance practice at Katten Muchin Rosenman, told USA Today. "We are seeing some of the iconic names in Corporate America confronted by activists."

By now most investors realize what this scenario can mean to a company: Stocks can spike (or plunge), and the heads of CEOs may roll.

Just this year, top activist investors have made a lot of waves in the market. A few of the more prominent examples:

Hot Stocks

This Underused Strategy Has Led Me to Some of the Best Investments Ever

One of the most successful ways to uncover the best investments for the long term is picking turnarounds.

This active investment approach – when done right – has powered record returns for many successful investors. Private equity funds have generated massive returns this way.

stock market news today

Stock Market News Today: What and Who to Watch

After last week's onslaught of economic indicators and earnings reports, the stock market today is down in morning trade.

As earnings season winds down, this week has fewer economic reports in the pipeline and the stock market today is slightly weighed.

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Hot Stocks

Sure Feels Good to Be Investing in Dividend Stocks

Dividend stocks are on track to hit record payout levels this year – which is great news for the yield-starved investors who have been hunting for income.

Oracle Corp. (Nasdaq: ORCL), Ford Motor Co. (NYSE: F) and Caterpillar (NYSE: CAT) are among the companies reporting the highest increases in their payouts to shareholders, but they're not alone.

Top News

Abuses at McDonald’s and JPMorgan Chase Help Keep America Poor

Natalie Gunshannon, a McDonald's worker from Pennsylvania, has just won the right to… draw a paycheck. Work-for-pay is a fairly straightforward system that the Western World has been using for the past six or seven centuries, give or take.

Ms. Gunshannon was an hourly employee at a McDonald's franchise in Shavertown, Pennsylvania. Her degree is in massage therapy, but jobs in that field are scarce. A single mother, she took whatever work was available, which brought her to McDonalds, where she worked the line for $7.44 an hour, 30 to 70 hours per week.

After her first pay period, she was given not a paycheck, but a "debit" card loaded with her wages. This card, backed by JPMorgan Chase & Co. (NYSE:JPM), could be used anywhere Visa was accepted – including ATMs. It all seemed very convenient.

It wasn't.

Precious Metals

Will the Price of Silver Go Up in 2013?

After this week's performance, we're getting more questions along these lines from Money Morning members: Will the price of silver go up in 2013?

Silver prices closed out a volatile week down $0.91, or 4.61% at $18.81. This week's loss continued silver's painful slump in 2013.

The white metal, down roughly 35% year-to-date, has even fared worse than gold, which is down about 20% in 2013. The serious slump in gold prices, tame inflation and record stock market rallies has taken some of the shine out of silver this year.

Since silver is more volatile than gold, it has underperformed – typical of a bear market.

Money Morning's Resource Specialist Peter Krauth explains, "Because the global silver market is relatively small, silver prices tend to be more volatile. But volatility works both ways, so when silver rises, its price can explode higher. That's exactly what happened in April 2011, when silver prices rose by 170% in the space of just seven months. That's why silver investors say investing in silver is like buying 'gold on steroids'."

So will silver go up this year, or is it destined to disappoint?