Shares of Walgreen (WAG) move down 1.9% premarket after taking on a downgrade from both Argus and Macquarie. The loss comes on top of a 5.9% hit yesterday. At its current trading price, WAG's price-earnings ratio is in single digits and its yield crossed over the 3% mark. [View news story]
The forward yield is now 3.8% after the company raised its dividend for the 37th consecutive year.
Goldman Sachs downgrades McDonald's (MCD) to Neutral from Buy on its forecast that the company's same-store sales will remain pressured. Analysts lower their 2012-2014 EPS estimates and trim the price target on MCD to $92 from $100. Shares -1.1% premarket. [View news story]
hopefully this will suppress the price of the stock and I can get in on some McLuvin'
Why are stocks rallying when "Europe’s crisis is completely unresolved?" asks MarketBeat. The "most important reason" is computerized short-term trading - fundamentals "don’t matter to the tradebots." Also, "the market’s playing headline roulette," traders need to make up for losses yesterday and the stocks have hit a bottom of some sort. [View news story]
J.M. Smucker (SJM +1%) creeps up after Bernstein upgraded the shares to Market Perform this morning, citing expectations for a margin rebound in 2013 and reduced commodity cost inflation. The firm raises its price target as well to $72 from $65. [View news story]
My price target is 76.77, cuz that's where it's trading now.
Carmen Reinhart warns that "financial repression" will be with us for a long time with a public debt overhang that will be impossible for policy makers to ignore. The latest buzz-phrase being bandied around by economists essentially refers to the negative real interest rates that bondholders and savers will see on their investments emanating from policy decisions. [View news story]
Negative interest rates are a policy of the central banking system. It's been engineered that way. "savers" aren't supposed to win, so the term financial repression could more accurately be termed "financial oppression". I'll be less cynical after I finish my coffee, Monday morning and all! Have a nice day :)
Bloomberg offers the case for Avon (AVP) as a takeover target after the stock's biggest slide in more than a decade. Shares are now valued at just 9.6x profits, cheaper than any cosmetics maker in the world and a near 50% discount to the industry average. While Avon’s operating profit margin lags competitors, its growth in emerging markets may make it an attractive target. [View news story]
Succumbing to weeks of pressure, Bank of America (BAC) drops its plan to charge a $5 monthly fee for use of a debit card, reports the WSJ. [View news story]
On my bus ride into work today, I saw 'OWS' spray painted in black letters on a BofA billboard.
Still in denial: More than 42% of prospective home buyers polled by Zillow believe home values will appreciate by 7% annually in the years ahead. "It's troubling that we're still in the midst of one of the worst housing recessions in history, and yet prospective buyers continue to have such high expectations for home value appreciation," Zillow's Stan Humphries says. [View news story]
One has to be asleep to still believe in the American Dream. Mr. Sandman is still making the rounds...
Anheuser-Busch Inbev (BUD +0.9%) drops the ad agency, a unit of Omnicom Group (OMC +2.5%), that handled its Bud Light brand over the last 30 years - delivering a long list of classics (videos) over the period. The line of beer is the biggest ad-spend in the business, with more than $276M in measured media spending aimed at protecting Bud Light's prodigious 19% market share. [View news story]
Awesome news for shareholders. These ridiculous ads have ran for waaaaaaaaaaaay too long. They should rebrand bud light as a 'cool beer' for dirtbag climbers or something along those lines. That's what PBR is, w/o even having to advertise - it's just a known/given. Good luck undoing 30 years of damage tho... :) Classics!? LOL right... Maybe my selective memory forgot the good ones...
Liquidation of the precious metals continues: Gold off more than $100/oz., -6% to $1,635. Silver -16.8%, printing below $30/oz. at one point, now at $30.43. The metal has easily taken out its lows from the April/May panic selloff. Chartists might say, "where's the support?" [View news story]
Here's a thought. Any stock could, theoretically, go to zero. Gold and silver will never go to zero - as long as there is some semblence of an orderly society somewhere. Even the US dollar, theoretically, could be worth nothing. And the value of each is relative to some degree. However, gold and silver has retained it's value since how many thousands of years ago? And, if you don't know why this is, I'll let it remain a secret. Regards.
Low returns on stocks and bonds is helping LendingClub - an online financial startup - attract investors who buy loans in the company's online marketplace with rates ranging from 5.4% to 25% (depending upon a borrower's credit score). The latest to step into social lending is Thomson Reuters (TRI) with a reported $25M investment. [View news story]
I have personally invested money in lending club. Seems legit to me and I looked into the loan performance. Don't take my word for it - go check out their website and talk to their people (I did). Invested chump change. So far, I'm earning north of 8% APR. It's fun and I'm helping my fellow American get out of debt. It's not always about the money. Have a nice day.
7 Ways To Play The Gold Bubble Burst And Why It Could Drop 20% [View article]
The fiat isn't even paper. Paper is just the representation of the electronic. Gold is tangible and not easily replicable. Exchange becomes a problem as it is no longer the accepted medium and probably won't be in the future. However, its value is still intrinsic. As sure as the sky is blue. If the sky changes color... then everything will change.
Procter & Gamble: History Of A Dividend Champion [View article]
Right...
Shares of Walgreen (WAG) move down 1.9% premarket after taking on a downgrade from both Argus and Macquarie. The loss comes on top of a 5.9% hit yesterday. At its current trading price, WAG's price-earnings ratio is in single digits and its yield crossed over the 3% mark. [View news story]
Goldman Sachs downgrades McDonald's (MCD) to Neutral from Buy on its forecast that the company's same-store sales will remain pressured. Analysts lower their 2012-2014 EPS estimates and trim the price target on MCD to $92 from $100. Shares -1.1% premarket. [View news story]
Why are stocks rallying when "Europe’s crisis is completely unresolved?" asks MarketBeat. The "most important reason" is computerized short-term trading - fundamentals "don’t matter to the tradebots." Also, "the market’s playing headline roulette," traders need to make up for losses yesterday and the stocks have hit a bottom of some sort. [View news story]
J.M. Smucker (SJM +1%) creeps up after Bernstein upgraded the shares to Market Perform this morning, citing expectations for a margin rebound in 2013 and reduced commodity cost inflation. The firm raises its price target as well to $72 from $65. [View news story]
Carmen Reinhart warns that "financial repression" will be with us for a long time with a public debt overhang that will be impossible for policy makers to ignore. The latest buzz-phrase being bandied around by economists essentially refers to the negative real interest rates that bondholders and savers will see on their investments emanating from policy decisions. [View news story]
Out-Gaming Zynga [View article]
PepsiCo: Still A Great Choice For Buy And Hold Investors [View article]
Bloomberg offers the case for Avon (AVP) as a takeover target after the stock's biggest slide in more than a decade. Shares are now valued at just 9.6x profits, cheaper than any cosmetics maker in the world and a near 50% discount to the industry average. While Avon’s operating profit margin lags competitors, its growth in emerging markets may make it an attractive target. [View news story]
Succumbing to weeks of pressure, Bank of America (BAC) drops its plan to charge a $5 monthly fee for use of a debit card, reports the WSJ. [View news story]
Still in denial: More than 42% of prospective home buyers polled by Zillow believe home values will appreciate by 7% annually in the years ahead. "It's troubling that we're still in the midst of one of the worst housing recessions in history, and yet prospective buyers continue to have such high expectations for home value appreciation," Zillow's Stan Humphries says. [View news story]
Mr. Sandman is still making the rounds...
Anheuser-Busch Inbev (BUD +0.9%) drops the ad agency, a unit of Omnicom Group (OMC +2.5%), that handled its Bud Light brand over the last 30 years - delivering a long list of classics (videos) over the period. The line of beer is the biggest ad-spend in the business, with more than $276M in measured media spending aimed at protecting Bud Light's prodigious 19% market share. [View news story]
Classics!? LOL right... Maybe my selective memory forgot the good ones...
Liquidation of the precious metals continues: Gold off more than $100/oz., -6% to $1,635. Silver -16.8%, printing below $30/oz. at one point, now at $30.43. The metal has easily taken out its lows from the April/May panic selloff. Chartists might say, "where's the support?" [View news story]
Low returns on stocks and bonds is helping LendingClub - an online financial startup - attract investors who buy loans in the company's online marketplace with rates ranging from 5.4% to 25% (depending upon a borrower's credit score). The latest to step into social lending is Thomson Reuters (TRI) with a reported $25M investment. [View news story]
7 Ways To Play The Gold Bubble Burst And Why It Could Drop 20% [View article]