Archives for March 2013

March 2013 - Page 15 of 20 - Money Morning - Only the News You Can Profit From

The FBI and the SEC Are Cracking Down on People Just Like You

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Some people will do anything to make money in the market.

Believe it or not, folks have even resorted to manipulating stocks to fatten their wallets.

And, crazy as this sounds, there are more people doing it than anyone imagined.

Now, I know you'd never do that. But the SEC isn't so sure. Neither is the FBI.

According to yesterday's Financial Times (the pink paper that some financial types read), the FBI is joining forces with the SEC in order to "tackle the potential threat of market manipulation… that [has] taken markets beyond the scope of traditional policing."

What's hilarious to me is that, before the FBI goes looking for market manipulators (like you) along with the SEC, it should be looking at the SEC!

But I digress…

GM Opens IT Center in Phoenix - Analyst Blog

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General Motors Company ( GM – Analyst Report ) plans to open a new information technology (“IT”) innovation center in the Phoenix suburb of Chandler in order to support all its information technology needs, including Web technologies, dealer and factory systems, and new vehicle technology. The Phoenix center will be the fourth IT center for […]

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Why Recession 2013 Has Already Begun and What to Do About It

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Pay no attention to the new market highs or the cheerleading of government officials – recession 2013 is already here.

That's what Lakshman Achuthan, co-founder and chief operations officer for the Economic Cycle Research Institute (ECRI), is saying now.

Achuthan told the Daily Ticker that ECRI believes the U.S. economy has been mired in a "mild recession" since the middle of last year.

And yes, he insists that recession 2013 is already underway despite record highs for the stock market and an obvious lack of the most widely accepted definition of a recession – two consecutive quarters of negative gross domestic product (GDP).

"What we see here … are the hallmarks of a recession," Achuthan wrote in a report on the ECRI Web site. "Separately, we are not seeing signs of an imminent growth upturn that so many claim to see."

Stock Market Today: What’s Behind the Gains

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The Dow Jones Industrial Average set another fresh high when the stock market today (Friday) opened up, thanks to a stronger-than-expected jobs report.

Right out of the gate, the Dow was up 80.93 points, or 0.56%, at 14,410.42. The Standard & Poor's 500 Index was up 7.36, or 0.48%, at 1,551.62, logging its sixth consecutive day of gains. The Nasdaq was up 15.21 points, or .47%, at 3,247.30.

Stocks have been on a tear since Tuesday when the Dow surpassed its all-time high of 14,164.53 hit on Oct. 9, 2007. The benchmark is up roughly 9% year-to-date. The S&P, a broader measure of the overall markets, is in reach of its record 1,565 close hit in 2007.

Investors continue to pile into equities on the new highs – especially as more companies announce increases in dividends and stock buybacks.

Unemployment Down, But February Jobs Report Not All Rosy

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Friday's jobs report from the U.S. Bureau of Labor Statistics is a mixed bag.

The report had some positive news, as the unemployment rate fell to 7.7%, the lowest rate since December 2008.

While the preliminary numbers for February show that 236,000 new jobs were created, exceeding analyst estimates by a wide margin, the figure for January was revised down from 157,000 to 119,000. However, the December number was revised up from 196,000 to 219,000. So for the three months of December 2012-February 2013, the economy has added a total of 574,000 jobs, well above expectations.

But despite the increase in the number of jobs, the main reason for the decline in the unemployment rate is that fewer people are participating in the labor market.

The participation rate fell by 0.1 percentage points to 63.5% in February as 130,000 people dropped out of the labor force. The employment-population ratio remained flat at 58.6%.

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Can Mobile Really Drive a Facebook Stock Rally?

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One of the reasons Facebook stock (Nasdaq: FB) hasn't fared better since it started trading – it's off 25% from its $38 IPO price – is the company's failure to profit from increased mobile activity among users.

But now, less than a year after Facebook's acknowledgement that it needed to monetize its growing mobile member usage, the company bills itself as a truly mobile company.

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IPO Calendar 2013: Don't Miss SSNI, MODN

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The IPO calendar for 2013 is starting to get more crowded as spring approaches.

The aftermarket for initial offerings has been especially strong as investors are rewarded for investing in new ventures and private equity cash outs.

Analysts expect the pace of offerings to continue to increase as the demand has been very strong and the equity markets are at or approaching new all-time highs.

There will be two deals pricing in the next couple weeks and several larger deals are expected by the end of the month, including the widely anticipated Sea World offering.

In the last few days there have been two deals added to the upcoming IPO calendar with specific pricing dates coming in the next couple weeks.

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Dumping Apple Stock for Google: How Investors Could Get Burned

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Talk about two stocks going in the opposite direction: Apple stock (Nasdaq: AAPL) is trading near its 52-week lows, while Google Inc. (Nasdaq: GOOG) recently hit an all-time high. The trend has some wondering if investors are consciously moving their money from one tech giant to the other. "There's a lot of money that likes […]

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Dumping Apple Stock for Google: How Investors Could Get Burned

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Talk about two stocks going in the opposite direction: Apple stock (Nasdaq: AAPL) is trading near its 52-week lows, while Google Inc. (Nasdaq: GOOG) recently hit an all-time high. The trend has some wondering if investors are consciously moving their money from one tech giant to the other. "There's a lot of money that likes […]

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