by Diane Alter
Despite worries the 16-day government shutdown would weigh on job growth, the October jobs report was surprisingly strong.
That's what the government is reporting, anyway…
According to the Labor Department numbers released today (Friday), employers increased headcount by 204,000 in October, handily beating the 120,000 many economists expected. The government report also showed revisions to late summer numbers, revealing an extra 60,000 jobs total were created in August and September.
And here's what that means for the markets...
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The highly publicized Twitter IPO (NYSE: TWTR) has stolen the headlines this week, but a slew of other initial public offerings hit the market as well…
In fact, 16 IPOs priced this week, for a total value of $4 billion.
While social media companies like Twitter are popular offerings now, other sectors dominating the IPO market include biotech, cloud computing, and cybersecurity.
So to look past Twitter, here are some of the week's biggest IPOs and how the stocks have fared thus far.
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by Sid Riggs
Editor's Note: Sid's new Small-Cap Rocket Alert is off to a terrific start. His first recommendation is up more than 35% in less than 30 days. And the shares he recommended this week could also climb quickly. Sid's projecting a 935% potential gain over the next 15 months. The move will be driven by a series of "sparks," or catalysts, like the one he's going to show you today…
We hear Wall Street's wizards pontificate, on and on, about the true value of a company all the time. They support their claims with a wide range of ratios.
Or something even more powerful...
by David Zeiler
This year activist investors have been busier than ever, but they're just getting started.
That's because conditions in the market right now couldn't be any more ideal for activist investing, and the hedge fund managers who do this sort of thing are not known for letting opportunities go to waste.
The man who wrote the book on activist investing, Carl Icahn, said as much in a Nov. 4 statement to Icahn Enterprises LP (Nasdaq: IEP) shareholders.
by Diane Alter
The hottest IPO of 2013 hit the market today, and Twitter (NYSE: TWTR) stock lived up to its hype… (today, anyway).
Shares of Twitter opened at $45 a share, 73% above its initial public offering price. Within minutes, shares surged another $5 to $50.08 a share, up nearly 90%.
TWTR ended the day at $44.94.
Shares began trading on the New York Stock Exchange around 10:50 a.m. Thursday under the symbol TWTR. Thirty-eight million shares changed hands within 10 minutes. Unlike Facebook Inc.'s (Nasdaq: FB) IPO fiasco, Twitter's debut went off without a hitch.
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The bull market has continued this week – the Dow Jones Industrial Average set a new record high yesterday, closing out at 15,744, and the S&P 500 is just a point below an all-time high at 1,770.49.
While there are a lot of boats lifted by this rising tide, not every stock is a winner…
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A lot of people got rich on Twitter (NYSE: TWTR) stock following the Twitter IPO this week.
Especially after it opened 73% above its IPO price at $45.10.
The company announced Wednesday that it priced the 70 million shares at $26, which will raise about $1.8 billion dollars for the social media and messaging darling. Although the company tried to keep expectations low following Facebook's (Nasdaq: FB) ill-starred debut last year, the road show seems to have generated enough demand to warrant a higher offering price.
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The Twitter (NYSE: TWTR) hype machine is in full gear, and the first trades are now indicating $45, up 73% from the $26 pricing last night.
If the stock market were a pinball machine, it would read "tilt."
Twitter's gross revenue is slowing. It's up only 6.1% in Q3 2013 from a year ago versus 10.6% in 2012 and 17.1% in 2011.
Here’s how those investors were hoodwinked…
From the Editor: You're receiving special access to Private Briefing today because it contains a crucial conversation between Bill and Dr. Kent Moors, who uncovered the massive new energy demand source you've been hearing about. This particular briefing details one of the longer-term beneficiaries in the natural gas space…
In this column, we're keeping that promise...
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Yesterday (Tuesday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on CNBC World to talk over the biggest news from the stock market now.
Today, the Dow Jones Industrial Average set a new record high at 15,746.88, and the S&P 500 closed at 1,770.49 (a 0.43% rise since yesterday). The rising markets are indicative that investors believe the U.S. Federal Reserve will see the data and choose to continue with its interest-rate lowering quantitative easing (QE) program.
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