Today's stock market news, Feb. 5, 2014:
Yesterday, the Dow Jones Industrial Average rose 0.5% to close at 15,445. The Nasdaq ticked upward 0.8% to 4,031, while the S&P 500 increased 0.75% to 1,755.
Today's stock market news, Feb. 5, 2014:
Yesterday, the Dow Jones Industrial Average rose 0.5% to close at 15,445. The Nasdaq ticked upward 0.8% to 4,031, while the S&P 500 increased 0.75% to 1,755.
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Most investors don't think of Rayonier Inc. (NYSE: RYN) as a high-tech firm.
This 85-year-old forest products company operates as a Real Estate Investment Trust (REIT) after being first acquired, then later spun-off, by ITT Corp. (NYSE: ITT).
It owns some 2.7 million acres of timberland and is one of the largest landowners in the United States and New Zealand.
That sounds like a pretty low-tech operation – turning forest lands into lumber, pulp, and paper products.
Late Friday afternoon, the Keystone XL crude oil pipeline cleared one of its biggest hurdles.
In its Final Environmental Impact Statement, the U.S. Department of State concluded that completing the pipeline's northern leg would not have a major impact on global greenhouse gas emissions.
It just needs to get past these last political hurdles...
by Diane Alter
While gains were modest across the three major benchmarks today (Tuesday), there was nothing modest about these major gains for Furiex Pharmaceuticals (Nasdaq: FURX) stock.
Shares of Furiex more than doubled in value, surging some 150% intraday. The closed up 129.91% at $105.69. The reason: The company announced that its experimental drug eluxadoline significantly alleviated diarrhea and abdominal pain, which typically accompany irritable bowel syndrome (IBS), in two large late-stage trials.
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by David Zeiler
That the Affordable Care Act has so far fallen well short of its primary goal of providing coverage for most of the nation's 48 million uninsured has become increasingly clear as the sign-up data has trickled out.
So far, 3 million people have signed up for Obamacare, less than half of the target number of 7 million enrollees estimated by the Congressional Budget Office.
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Keystone XL pipeline supporters – who have been waiting years for this project to be completed – just received good news from the U.S. Department of State.
The Keystone pipeline is 1,179 miles long and would connect heavy crude oil from bitumen deposits in Canada to the southeastern refining network of the United States. While the southern portion has been built, the northern section requires approval given its cross-border passage.
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During the Depression-ridden 1930s, with the United States circling the financial abyss, an American industrialist named Thomas J. Watson Jr. gambled the future of his business-equipment company on an expansion plan that included wholesale hiring, investments in technology, and the construction of new factories.
For six years, Watson had his factories at full bore – churning out tabulating equipment there were no buyers for. But he believed in his plan and stayed with his strategy.
His strategy could make this computer king one of the best investments...
by Tara Clarke
This morning (Tuesday), Michael Kors Holdings Ltd (NYSE: KORS) announced a 59% increase in revenue for its fiscal 2014 Q3 report ending Dec. 28, 2013, compared to Q3 2013, marking the 31st consecutive quarter of growth for the global luxury brand.
Kors' quarterly earnings per share (EPS) climbed 73.4% to $1.11 per share, shattering the consensus estimates of $0.86. Wholesale net sales increased 68.2% to $461.4 million and licensing revenue increased 59.0% to $47.4 million.
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Today's stock market news, Feb. 4: The Dow Jones Industrial Average plummeted more than 326 points on Monday, its worst day in seven months. A strong selloff pushed the market down 2% on disappointing January auto sales from Ford (NYSE: F) and General Motors (NYSE: GM) and poor manufacturing data in the U.S. and China. Emerging-market health remains a steep concern for investors on Tuesday.
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People are viewing the end of stimulus as a sunset. "My, what a wonderful day we've had," they say.
What they should be doing is investing for tomorrow's dawn – the turmoil we're seeing now as part of Yellen's arrival is actually par for the course.
It's also a great time to lock your sights on four companies that will lead the way when the smoke clears…