Money Morning's best stocks to buy last week hinged on several key third-quarter earnings reports that had a big impact on markets.
Lifted by a barrage of encouraging data, the Dow and S&P 500 Index logged their third consecutive week of gains. The Dow jumped 1.11%, the S&P climbed 0.88%, and the Nasdaq added 0.74% for the week. All key sectors of the S&P ended in positive territory, boosted by telecoms and utilities.To continue reading, please click here...
Facebook (Nasdaq: FB) Stock Zooms – But Don't Let Earnings Fool You
Facebook (Nasdaq: FB) stock is up more than 30% today as investors applaud the second-quarter earnings report released yesterday (Wednesday).
Investors were thrilled to see FB earnings improve from previous disastrous quarters, and their exuberance pushed Facebook stock above $30 a share for the first time since January.
But, before you think FB stock is now the hottest investment of 2013, take a closer look at what's going on...
Hot Stocks: Southwest Airlines Takes Aim at Bigger Rivals With $1.4 Billion Deal for AirTran
In a deal that turns up the heat on its bigger rivals, Southwest Airlines Co. (NYSE: LUV) yesterday (Monday) announced plans to buy discount carrier AirTran Holdings Inc. (NYSE: AAI) for $1.4 billion.
By nabbing AirTran, Southwest is making a move that supports its long-term growth strategy and targets large network carriers with a large East Coast presence such as Delta Airlines Inc. (NYSE: DAL) and US Airways Group Inc. (NYSE: LCC).
"This absolutely changes things," said Gary Kelly, Southwest's chairman and chief executive officer on a call with analysts.
The deal will allow Southwest to expand into airports serving major hubs like Atlanta, Washington D.C., Boston, Baltimore and New York City, he added.
The move puts Southwest in head-to-head competition with Delta in Delta's home base of Atlanta. The buyout, funded mostly with debt, will also give Southwest a bigger slice of the market in cities like Boston and New York, where it has been expanding.
Eventually, the low-cost carrier will expand into international markets, with flights to Mexico, the Caribbean, Canada and possibly South America, Kelly told CNNMoney.com.
"It will be several years before you see Southwest airplanes in international markets, but it's going to happen," he said.