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With Grocery Prices Soaring, This High-Tech Food Play Belongs on Your Shopping List

Aside from the continued sell-off in U.S. tech stocks, one of yesterday’s top financial news stories was the fact that U.S. inflation is accelerating – and at a pace that’s exceeding forecasts.

And the surge in food prices is one of the big catalysts…

  • Featured Story

    SolarCity (Nasdaq: SCTY) Stock Strong Despite Earnings Delay

    SolarCity Corp. (Nasdaq: SCTY) stock was up more than 2.8% in early trading Tuesday despite the fact that the company delayed its Q4 earnings report for the second time.

    Title: solar city nasdaq scty - Description: solar city nasdaq scty

    The company announced yesterday (Monday) that it found an accounting error relating to its overhead expenses and now has to restate its 2012 and 2013 financial results. The earnings are expected to be released on March 18.

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  • (Nasdaq: ORCL)

  • Stock Market Today Stalled on Fiscal Cliffhanger The stock market today was down slightly as concerns over the fiscal cliff continued to weigh on markets.

    Shortly after 1 p.m. on Wall Street, the Dow Jones Industrial Average was down 10 points, the Standard & Poor's 500 Index was down about 3 points and the Nasdaq slipped nearly 14.

    Of note in the ongoing fiscal cliff saga was U.S. President Barack Obama and Vice President Joe Biden's 10 a.m. meeting with six state governors on how to avoid the looming double whammy of higher taxes and government spending cuts.

    The White House guests included three Republican governors: Gov. Gary Herbert, R-UT; National Governors Association (NGA) Vice Chair Gov. Mary Fallin, R-OH; and Wisconsin's Republican Gov. Scott Brown, who is best known for his battles with public employee unions during the election season.

    Representing Democrats were Gov. Jack Markell of Delaware, chairman of the NGA; Arkansas's Gov. Mike Beebe and Gov. Mark Dayton of Minnesota.

    Following the meeting, President Obama will engage in his first television interview since the election at 12:30 p.m. with Bloomberg News.

    Market participants continue to sit on the sidelines as the GOP and Obama administration butt heads over how to avert falling off the cliff.

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  • To Me, This New Social Networking Idea is Just Brilliant Scott McNealy knows how to create the kind of cutting-edge high tech that makes money for his investors.

    Lots of it.

    You probably know McNealy as a cofounder (in 1982) and CEO of Sun Microsystems. For more than 20 years, his Silicon Valley-based firm set the standard for computer servers and workstations.

    Sun also created the widely used Java programming language that still runs of billions of computing devices around the world and is a key contributor to open-source software.

    Not only did McNealy and his tech firm help change the world forever, they brought an incredible payoff to investors along the way.

    Sun went public in 1986, and it sold to Oracle Corp. (NASDAQ:ORCL) in 2009 for about $7.4 billion.

    As a long-time tech writer, I have followed McNealy's career for many years. And when I heard that he is the force behind a new startup, I decided it was time to find out what he's up to these days.

    I got the chance to chat with him by phone for about half an hour the other day.

    After hearing firsthand from McNealy about his latest startup, my first thought was, it's no wonder an elite group of investors has already ponied up about $20 million to back this idea.

    Scott McNealy's Latest Gem

    It's a company called Wayin.

    This social network startup is built on the power of a simple but vital idea - creating a global community of users who tap the service to get feedback from a large group of voices on any number of topics.

    Think of it as instant polling or focus groups for questions of education, human resources, politics, games, entertainment, and more.

    It used to take weeks or months for companies to get customers or workers to weigh in with their opinions.

    Now with Wayin, they can do it on the fly along with a larger audience from around the world.

    As such, Wayin plugs into the huge appeal of social network leader Facebook Inc. (NASDAQ:FB).

    It also works well with Twitter, a service that allows members to send out short messages of up to 140 characters to their followers. Both online firms have become runaway success stories with several hundred millions users around the world.

    Here's how McNealy describes his new firm:

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  • Stock Market Today: Who's Up, Who's Down Many companies are making headlines in the stock market today as markets are up on hopes of more monetary easing from the U.S. Federal Reserve as it concludes its two-day policy meeting tomorrow.

    Investors might be having a delayed reaction to Sunday's Greek elections as yesterday's trading volume was much lower than average, and not much movement occurred.

    The markets are also responding well to the number of housing permits filed in May which was at its highest level since September 2008. Permits were reported at a seasonally-adjusted annual rate of 780,000, easily exceeding forecasts of 725,000.

    For now investors wait in anticipation for the Fed to make a move, but if none is taken expect a slight downturn in the markets tomorrow afternoon.

    In the meantime, here are five stocks to follow in today's trading:

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  • Buy, Sell or Hold: Oracle Corp. (NASDAQ: ORCL) is The Last Cash Cow Today marks my 117th and final article at Money Morning.

    Viewed as a portfolio, I'm proud that those 117 calls are up on average. Before we get into my take on Oracle Corp (NASDAQ: ORCL) I'd like to take a look back over years.

    The 2010 picks have held up nicely with 12 positive and just six negative, for a 10 percent positive return on average, as of this writing.

    The hot long ideas of 2011 turned out to be El Paso (NYSE: EP) and Sturm, Ruger & Co. (NYSE: RGR). El Paso is up 48% while Ruger is up 78%.

    So far in 2012 the column's best sell idea, Petrobras (NYSE ADR: PBR), has dropped 15% since January 24. Our Jan. 30 "Buy" recommendation on Apple (NASDAQ: AAPL) is up 32%.

    It's been a great run and my thanks again to the entire Money Morning staff for the opportunity.

    Now, let's talk about the one company that Buy, Sell or Hold has not covered yet but I believe is deserving of the column's final recommendation: Oracle Corp (NASDAQ: ORCL).

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