In December of 1999, Radioshack Corp. (NYSE: RSH) stock was worth more than $76 per share. Today, RSH is worth less than $1.
And while RadioShack is the most recent example of a high-flying stock that dropped to penny-stock levels, there are plenty of other major companies that are prime candidates to make the same move.
Here are five companies in danger of trading for less than $1 if they don’t turn it around soon…
General Motors Co. (NYSE: GM) announced another set of recalls this week that brings the company's 2014 recall total to 44, covering nearly 18 million vehicles.
But amid the continuing recall fiasco, GM stock has actually gained 5% in the last three months. So does that make GM stock a buy now?
Money Morning's Defense and Tech Specialist Michael A. Robinson joined FOX Business' "Varney & Co." today (Tuesday) and discussed how he would play GM stock given the recent news and the stock's performance.
Take a look...
Dow Jones Industrial Average today, June 17, 2014: The stock market close on Monday found the Dow Jones Industrial Average in positive territory after a late rally pushed stocks higher. The markets had been trading down through midday, as concerns over the crisis in Iraq continued to mount.
Here's what you should know to make your Tuesday profitable:
Stock market news, June 10, 2014: The Dow Jones Industrial Average closed at another record high today after adding 2.82 points. The Dow was down most of the day, but rallied in the last hour. U.S. crude oil futures flirted with $105 per barrel.
Here’s what topped today’s stock market news…
Dow Jones today, June 10, 2014: The Dow Jones Industrial Average hit another record on Monday, while the S&P 500 rose even closer to the 2,000 level. Markets are still reacting positively to last week's jobs report and expected stimulus measures by the European Central Bank. Despite the strong uptick, U.S. futures are indicating a retreat this morning from record levels.
Here’s the top news moving the Dow Jones today:
It's almost impossible to overstate the significance California has played in making Toyota a U.S. success.
The Japanese firm set up its headquarters in Hollywood back in 1957. It used its surging popularity in this car-crazy, trendsetting state to become not just a major American nameplate but a dominant global brand.
No wonder California leaders were so shocked when they recently learned that Toyota is pulling up stakes in the Golden State. Toyota now plans to build a new North American headquarters in Plano, Texas, taking 3,000 jobs with it.
This surprise decision sparked an intense political debate here in California in which critics accuse the state's leaders of pursuing a political agenda that is clearly anti-business.
That may very well be true, but behind the scenes there is a much larger dynamic taking place - the rise of a truly global marketplace.
And it's giving us a beautiful, long-term, market-crushing opportunity... Full Story
Dow Jones Industrial Average today, June 4, 2014: The Dow Jones Industrial Average Today (Wednesday) will follow yesterday's 21.29 point (-0.13%) slip.
Here’s what you should know to make your Wednesday profitable:
Dow Jones today, June 3, 2014: The Dow Jones today (Tuesday) is indicating it will move higher at opening bell, while the Nasdaq appears weak. On Monday, the Dow and Standard & Poor's 500 Index finished at record-high levels.
Here’s what you should know to make your Tuesday profitable:
Right now, the semiconductor-equipment sector is booming, with worldwide sales of semiconductors reaching $78.47 billion during the first quarter of 2014.
The company that stands to benefit the most from this boom is already a market leader, making it one of the best stocks to buy now in the sector - and you won't find a better time to invest.
This stock could double in three years. Let’s take a look…
Stocks to watch for May 28, 2014: A number of key industry players post numbers Wednesday and land on our stocks to watch list. Included on the roster are an upscale apparel retailer, a designer shoe warehouse, and a luxury home builder. Also making the list is an automaker that's been making headlines for all the wrong reasons.
Take a look at 10 companies in the news today, and what could send their shares soaring or swooning.
Best stocks to buy for the week ending May 23, 2014: Last week, Money Morning highlighted profitable plays in tech, oil and natural gas, emerging markets - and even two profitable beer stocks nab before summer sales skyrocket.
One of the recommendations on our list is a tech leader that has a stranglehold on a special smartphone component. Two of the other tech stocks we singled out are top plays in the billion-dollar U.S. robotics industry. And we highlighted two ETFs that are dominating broad emerging markets exposure.
Get these plus more of our latest, best stocks to buy...
The Dow Jones Industrial Average jumped after new home sales surged in the U.S. to a 3.5-year high.
Check out the scorecard from today, as well as the top market stories.
Stock market today, May 23, 2014: The Dow Jones Industrial Average increased on Thursday on positive news in the housing market. Data from the National Association of Realtors indicated a 1.3% increase in home sales in April. This is the first increase of the year.
Here’s what to watch for in the stock market today:
Money Morning Capital Wave Strategist Shah Gilani made some unconventional calls on General Motors (NYSE: GM) stock and Apple Inc. (Nasdaq: AAPL) stock in a Wednesday afternoon appearance on FOX Business' "Varney & Co."
Shah told Varney that GM stock is now a "great buy," but the real surprise is what he had to say about Apple stock.
<a href="Watch Shah make his case to Varney in the video clip below.
The Dow Jones Industrial Average plummeted more than 100 points on Tuesday after a sharp selloff in retail stocks rattled the markets.
Here are today's closing numbers:
Now here are the top stories from the stock market today:
