Stocks rallied the most in 10 months Thursday in a relief rally touched off by signs that lawmakers were moving toward an agreement to increase the debt ceiling and avoid a default.
Based on preliminary numbers, the blue chip Dow Jones industrial average gained 323.09 points, or 2.2%, to 15,126.10. The broad market S&P 500 index added 32.36 points, or nearly 2%, to 1,688.76 and the Nasdaq composite index surged 82.97 points, or 2.25%, to 3,760.75.
Dow up 300 points! Do investors really think we were that close to default yesterday, and that far away from default today? #stillshutdown
Best Financial Stocks For 2015: Chevron Corporation(CVX)
Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. The Upstream segment involves in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as holds interest in a gas-to-liquids project. The Downstream segment engages in the refining of crude oil into petroleum products; marketing of crude oil and refined products primarily under the Chevron, Texaco, and Caltex brand names; transportation of crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacture and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It a lso produces and markets coal and molybdenum; and holds interests in 13 power assets with a total operating capacity of approximately 3,100 megawatts, as well as involves in cash management and debt financing activities, insurance operations, real estate activities, energy services, and alternative fuels and technology business. Chevron Corporation has a joint venture agreement with China National Petroleum Corporation. The company was formerly known as ChevronTexaco Corp. and changed its name to Chevron Corporation in May 2005. Chevron Corporation was founded in 1879 and is based in San Ramon, California.
Advisors' Opinion:- [By Dan Caplinger]
Earnings season isn't close to over, but we've already seen a huge number of stocks in the Dow Jones Industrials (DJINDICES: ^DJI ) report their first-quarter results. So far, we've seen more companies do better than expected than do worse, but given the extent to which analysts lowered the earnings bar in the run-up to the beginning of earnings season, investors aren't entirely confident about whether the overall performance of corporate America is strong enough to keep the bull market in stocks roaring for a sixth straight year. This week, Dow components Merck (NYSE: MRK ) , ExxonMobil (NYSE: XOM ) , and Chevron (NYSE: CVX ) will add their results to the mix, and what they say about some of the most challenging sectors of the U.S. economy right now could help determine which direction the Dow moves in the weeks and months to come.
Best Blue Chip Stocks To Own For 2014: Apple Inc.(AAPL)
Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication and media devices, and portable digital music players, as well as sells related software, services, peripherals, networking solutions, and third-party digital content and applications worldwide. The company sells its products worldwide through its online stores, retail stores, direct sales force, third-party wholesalers, resellers, and value-added resellers. In addition, it sells third-party Mac, iPhone, iPad, and iPod compatible products, including application software, printers, storage devices, speakers, headphones, and other accessories and peripherals through its online and retail stores; and digital content and applications through the iTunes Store. The company sells its products to consumer, small and mid-sized business, education, enterprise, government, and creative markets. As of September 25, 2010, it had 317 retail stores, including 233 stores in the United States and 84 stores internationally. The company, formerly known as Apple Computer, Inc., was founded in 1976 and is headquartered in Cupertino, California.
Advisors' Opinion:- [By Rick Munarriz]
Is a $200 Windows 8 device even possible given Microsoft's (NASDAQ: MSFT ) steep licensing ransom when pitted against the freely available Android? What about Apple (NASDAQ: AAPL ) ? Margins have been contracting at the consumer tech titan, but is Apple ready for this kind of price war?
- [By rsconsultant]
Fairchild Semiconductor (FCS) wasn't fit as a fiddle at the close of 2013. Feeble orders from Samsung (SSNLF), one of its biggest customers, kept Fairchild down, and it was not able to take advantage of its supplier relationship with Apple (AAPL).
- [By Eric Volkman]
David Paul Morris/Bloomberg/Getty Images Amazon (AMZN), according to persistent rumors, is putting the finishing touches on a set-top box that will allows users to stream video content from a chosen device or devices to their TVs. If it's true, the company is coming fairly late to a stuffed segment. But grabbing market share -- and even making a buck on the device -- might not be its top motivation for wading into this fray. A Razor-and-Blades Strategy For the past few years -- ever since it launched its first Kindle -- Amazon has been willing to sacrifice making a profit on its tablets in order to push its digital content, a growing library of TV shows, feature films, video games and other material. It sells the current Kindle HD iterations at cost (starting at $139 for the standard HD, and going to $229 for the 7-inch-display HDX version and $379 for the 8.9-inch HDX). Since Kindles are packed with software that guides users to the retailer's offerings -- most compatibly, those TV shows and movies, which users can rent or buy, but also the company's online catalog of physical goods -- the business strategy is a variation on the classic razor-and-blades model. In other words, the company sells the razor (the Kindle) relatively cheaply, in the hopes of producing a long-tail revenue stream with the blades (the digital content). Amazon doesn't break out detailed numbers for revenue derived from Kindle user activity, so it's hard to gauge how effective the strategy has been. But the company is selling a lot of digital media. According to research conducted by investment bank Morgan Stanley (MS) last year, Amazon stood to take in around $3.8 billion worth of digital media sales in 2013. The bank predicts that this will surge to a projected $5.7 billion this year. The latter figure is around 6 percent of total anticipated net sales for the entirety of 2014. Tablet Sales are Tumbling Putting a damper on that happy growth story is development of the overall ta
Best Blue Chip Stocks To Own For 2014: Philip Morris International Inc(PM)
Philip Morris International Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes and other tobacco products in markets outside of the United States. Its international product brand line comprises Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White. The company also offers its products under the A Mild, Dji Sam Soe, and A Hijau in Indonesia; Diana in Italy; Optima and Apollo-Soyuz in the Russian Federation; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia. It operates primarily in the European Union, Eastern Europe, the Middle East, Africa, Asia, Canada, and Latin America. The company is based in New York, New York.
Advisors' Opinion:- [By Ted Cooper]
Philip Morris International (NYSE: PM ) returned 146% in stock price increases and dividends over the last five years. That's an average of nearly 30% per year. Clearly, investors who owned Philip Morris for any significant length of time during the last five years made out pretty well. Unfortunately, two new developments have emerged to make future returns less certain. All Philip Morris investors need to know about these two things before deciding whether to hold or sell their stock.
- [By Patricio Kehoe]
Phillip Morris International Inc. (PM) is the world�� largest tobacco manufacturer in the world, after China National Tobacco, and holds 29% of the entire industry�� market, outside the U.S and China. Most commonly known for its flagship brand, Marlboro (accounts for one-third of total volume), this firm also owns seven of the 15 international leading cigarette brands. Its supporting brands ���&M, Phillip Morris, Bond Street, Parliament, Chesterfield and Lark ���ave allowed the company to attain consistent growth margins over the past decade. Given its addictive product and global manufacturing and distribution system, this comes as little surprise.
Best Blue Chip Stocks To Own For 2014: International Business Machines Corporation(IBM)
International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. Its Global Technology Services segment provides IT infrastructure and business process services, including strategic outsourcing, process, integrated technology, and maintenance services, as well as technology-based support services. The company?s Global Business Services segment offers consulting and systems integration, and application management services. Its Software segment offers middleware and operating systems software, such as WebSphere software to integrate and manage business processes; information management software for database and enterprise content management, information integration, data warehousing, business analytics and intelligence, performance management, and predictive analytics; Tivoli software for identity management, data security, storage management, and datacenter automation; Lotus software for collaboration, messaging, and so cial networking; rational software to support software development for IT and embedded systems; business intelligence software, which provides querying and forecasting tools; SPSS predictive analytics software to predict outcomes and act on that insight; and operating systems software. Its Systems and Technology segment provides computing and storage solutions, including servers, disk and tape storage systems and software, point-of-sale retail systems, and microelectronics. The company?s Global Financing segment provides lease and loan financing to end users and internal clients; commercial financing to dealers and remarketers of IT products; and remanufacturing and remarketing services. It serves financial services, public, industrial, distribution, communications, and general business sectors. The company was formerly known as Computing-Tabulating-Recording Co. and changed its name to International Business Machines Corporation in 1924. IBM was founded in 1910 and is based in Armonk, New York.
Advisors' Opinion:- [By WALLSTCHEATSHEET]
IBM is a global technology company that provides essential products and services to companies and consumers worldwide. Hundreds of workers at a plant run by IBM have gone on strike. The stock has been struggling over the past couple of years, but is currently surging higher. Over the last four quarters, earnings have been rising while revenues have been declining, which has produced conflicting feelings among investors. Relative to its peers and sector, IBM has been a poor year-to-date performer. WAIT AND SEE what IBM does next.
- [By Steve Symington]
Almost three weeks ago, shares of IBM (NYSE: IBM ) plummeted more than 10% after the tech giant missed earnings estimates for its first quarter of 2013.
- [By Lisa Abramowicz]
International Business Machines Corp. (IBM), the largest computer-services provider, sold $1.25 billion of seven-year notes in May at a record low coupon of 1.625 percent. That compares with a 5.7 percent rate on 10-year debt issued in 2007 by the Armonk, New York-based company.
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