Archives for February 2014

February 2014 - Page 3 of 20 - Money Morning - Only the News You Can Profit From

How to Buy Bitcoin

With Bitcoin constantly in the news, more and more people want to know how to buy Bitcoin themselves.

And who can blame them? Any investment that can go from $13 to more than $1,000 in less than a year is worth paying attention to.

And warnings from the mainstream media that Bitcoin is a bubble ready to burst at any moment have proven false time and time again. Bitcoin prices have dropped on bad news, but almost immediately rebound; that's not what bubbles do.

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A Big-Money Declaration of Independence

Editor's Note: We're giving you special access to Bill's Private Briefing because spin-offs and deal making are minting new millionaires weekly. Companies are going out to buy growth, and they're bringing trillions of dollars off the sidelines as this niche explodes. Here's Bill…

We love spin-offs.

And it's not just because you were able to cash in on our recommendation of Abbott Laboratories Inc. (NYSE: ABT), whose subsequent breakup into two companies has so far resulted in gains of 27% and 47%.

Hot Stocks to Watch Today

There were several hot stocks to watch today as all three indexes remained on the upswing hours into trading.

Retail sales dominated headlines Wednesday, with Barnes & Noble Inc. (NYSE: BKS), Target Corp. (NYSE: TGT), Abercrombie & Fitch Co. (NYSE: ANF), and TJX Co. (NYSE: TJX) all up in morning trading on better than expected earnings and/or guidance. After the close, investors hear from Baidu Inc. (Nasdaq ADR: BIDU) and J.C. Penney Co. Inc. (NYSE: JCP).

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This Is Not the End of Bitcoin

Bitcoin news this week has revolved around the closing of the Mt. Gox Bitcoin exchange and reports of Bitcoin theft.

That has some analysts wondering if this is the end of Bitcoin.

Money Morning's Defense & Tech Specialist Michael Robinson appeared on FOX Business' "Varney & Co." today (Wednesday) and detailed why this is not the end of Bitcoin. In fact, there are numerous reasons why Bitcoin will be around long term.

Take a look…

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J.C. Penney (NYSE: JCP) Earnings Spark 16% Jump After Hours

J.C. Penney Company Inc.’s (NYSE: JCP) 36-year-old tale will likely continue in tragedy today (Wednesday), as it is projected to report a $0.81 per share loss in its Q4 2013 earnings after the bell.

That would notch a $239.15 million net loss, compared with a loss of $427 million, or $2.51 cents per share, in the same quarter last year, according to a survey of analysts by Thomson Reuters.

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Did Carl Icahn Go Too Far in His Letter to eBay (Nasdaq: EBAY) Investors?

On Monday, activist investor Carl Icahn delivered a swift jab at eBay Inc. (Nasdaq: EBAY) leadership in a terse letter questioning the loyalties of certain board members and the competence of Chief Executive Officer (CEO) John Donahoe.

In a letter to eBay shareholders, Icahn charged eBay leadership with the most "blatant disregard" for accountability that his firm Icahn Enterprises "has ever seen."

to force eBay to bend to Icahn's will...

Why First Solar (Nasdaq: FSLR) Stock Is Among Today's Biggest Losers

First Solar Inc. (Nasdaq: FSLR) stock is down 12% today (Wednesday) after reporting Q4 adjusted earnings of $0.89 per share on revenue of $768 million. Analysts surveyed by FactSet had projected earnings per share (EPS) of $0.98 on revenue of $973 million.

The adjusted earnings added $0.25 per share related to a recent agreement for First Solar to sell its facility in Mesa, Ariz. Generally accepted accounting principles (GAAP) earnings were $0.64 per share, which was down from $1.74 the year before.

Revenue for the full year 2013 was $3.31 billion – down 1.8% from 2012. Analysts at Zacks Investment Research had projected yearly revenue of $3.53 billion.

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