Blog Posts by Rebecca Stropoli

  • Last Trading Week of May Ahead After Holiday

    It had to happen at some point. Yes, Wall Street finally broke its 4-week winning streak, with the major indices down overall this past week amid Fed tapering worries (even as "don't fear the taper" became a rallying cry by some), a Nikkei plunge and weak manufacturing data from China.

    Reuters

    But one particular record still held, as the Dow rose for a 19th straight Tuesday before the slump began in later trading Wednesday. This is the longest Tuesday streak in history and the second-longest weekday streak ever (good cocktail party fodder: the longest streak ever was in 1968, when the blue-chip index was up for 24 straight Wednesdays). Will we go for 20 Tuesdays when Wall Street opens next week after the long holiday weekend? Stay tuned.

    Retailers had a tough time this week, with Gap, Abercrombie & Fitch, Aeropostale and Sears (SHLD) all sinking following disappointing earnings and same-store sales. Next week we'll see another trickle of retailers on the earnings front, including Costco (COST

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  • The Week Ahead: A Test for Dimon, Apple Taxes in Focus, Bernanke on the Hill

    It was a tough week for the IRS (and gold) but not so for stocks: Friday capped four straight weeks of gains for Wall Street as the Dow and S&P 500 climbed to fresh new highs, continuing the "relentless rally" that has given investors a fantastic year -- in just six months.

    What should headline-watchers and investors be looking out for next week? Here are some of the highlights ahead, including two very special Yahoo! Finance events.

    Monday, May 20

    • At least two more hearings on the IRS scandal regarding targeting of conservative groups will take place this week
    • Earnings: Campbell Soup (CPB), TiVo (TIVO)
    • Fed Speaker: Charles Evans
    • Breakout segments scheduled: The fear of Fed tapering is overblown: Don Hays; Don't hope for gold and silver recoveries: Louise Yamada; The Japanese economy: Jim Rogers
    • Daily Ticker segments scheduled: 8:30 am — Don't Piss off Jamie Dimon: He's America's best banker (Howard Davidowitz); Jim Rogers on the commodities supercycle

    Tuesday, May 21

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  • Another Dog of a Day for Ruckus Stock

    Ruckus Wireless (RKUS) stock was sinking on Tuesday, down 25% in afternoon trading after it reported lighter-than-expected first-quarter earnings and a revenue outlook that disappointed investors.

    Credit: Reuters

    Back in November, Yahoo! Finance profiled the Sunnyvale, Calif.-based wi-fi equipment maker during another rough day for the company: Its IPO. Ruckus, whose logo features a barking canine, touted its debut on its own website that day, declaring, "Who Let the Dogs Out? The New York Stock Exchange, That's Who." Unfortunately, that sentiment was reflected in Ruckus's dog of a debut, as the shares ended the day down 18% from their $15 offer price.

    Before Tuesday's rout, however, Ruckus was actually up more than 25% from its IPO price, closing Monday at $19 a share. Still, the stock had sunk 17% year-to-date and 11% over the past three months. And the shares had the prologue to their largest one-day drop ever during after-hours trading Monday, as the company reported earnings per share of 2 cents

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  • Live: Warren Buffett’s Streaming Office Hours

    Ask Warren your question here.
    Watch live Office Hours weekly to elevate your career at levoleague.com/officehours.
  • The Week Ahead: Buffett, Bullishness and a Little Bernanke

    What better way to celebrate TGIF than to have Wall Street cap the week by hitting fresh new highs? Forget "sell in May," at least for now; the S&P 500 on Friday soared past 1,600 for the first time ever and the Dow touched 15,000 in early trade, ultimately closing just 27 points below that milestone. This came after Friday's jobs numbers blew past expectations (while hardly setting the BLS on fire) and following a week in which central banks, housing data, earnings and a historic Apple (AAPL) debt sale were in focus.

    Credit: Reuters

    So why do we continue to rally in the face of "eh" economic data, higher taxes, the sequester and a dragging euro zone? What is fueling this most "unloved" rally? Are U.S. equities just the best choice out of a not-so-great bunch, which includes sliding metals and low-yielding bonds? Is the "spring swoon" yet to come?

    Well, as Breakout's own Jeff Macke says, you might just want to "shut up and stay long" because "sometimes a bullish market is just a bullish market."

    And

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  • Finance Week Ahead: More Earnings, Housing Data, First Pass at Q1 GDP

    All eyes have been on Boston this past week following the tragic Marathon bombings on Monday. Friday brought a historic lockdown for the city amid a dramatic manhunt.

    It has been hard for news junkies to focus on much else this week, but the rout on Wall Street and massive plunge in gold were dominating financial news headlines on Monday before the bombing. Now we're ending a week that has been the worst on Wall Street yet this year; the S&P 500, down 2.1%, hasn't seen a performance this weak since last November.

    Next week will be another big one for earnings, with Apple (which closed below $400 this week for the first time since 2011) in keen focus. We'll also see a slew of housing data and get a look at first estimates for Q1 GDP. And, of course, we'll be following any new developments in Boston.

    Here are some key things to look out for over the next week:

    Friday, April 19-Sunday, April 21: IMF and World Bank spring meetings take place in DC

    Monday, April 22

    • Key earnings:
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  • SeaWorld Dives Into Wall Street’s Public Pool

    A horde of penguins took over the New York Stock Exchange Friday morning as SeaWorld representatives rang the opening bell to herald the company’s entry into the public waters of Wall Street.

    More than three years after its $2.3 billion sale by Anheuser-Busch InBev (BUD) to private-equity giant Blackstone (BX), SeaWorld (SEAS) is trading on the NYSE after raising a reported $702 million in one of the largest IPOs of the year. In its first minutes of trade, the stock is up 15% from its offer price of $27, which was at the top of a range starting at $24.Credit: AP, Richard Drew

    SeaWorld sold 10 million shares and Blackstone an additional 16 million, more than the 10 million originally slated. The underwriters, including Goldman Sachs and JP Morgan, have a 30-day option to sell an additional 3.9 million shares at the offer price. The deal values SeaWorld at just above $2.5 billion. This debut is part of a busy week for IPOs, which included New York-based grocery chain Fairway (FWM) on Wednesday.

    The

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  • Finance Week Ahead: Tax Day in America, a Flood of Earnings and More

    Another week on Wall Street and more records shattered as the S&P 500 finally found its way past the 2007 intraday high it hit in October of 2007. While stocks ended Friday on a flat note, both the S&P and the Dow saw their best weekly performances of 2013 so far (as commodities tanked) and, on Thursday, ended at fresh all-time highs. As our senior columnist Michael Santoli points out in Friday's column, "The [S&P 500] is up 11% so far this year, more than the average annual gain through documented history."

    What can throw a wrench into this (arguably) "unloved," low-volume rally?

    Well, much could hinge on earnings results from next week's jam-packed week, in which no less than 74 S&P 500 companies will report. Financials will be a major focus following Friday's reports from JPMorgan (JPM) and Morgan Stanley (MS), which failed to impress investors once they dug below the surface of their analyst beats.

    And of course Monday brings our favorite national holiday: Tax Day in America. We've

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  • IPO Scorecard: Return of the Homebuilders

    The second homebuilder to go public this year was trading higher Wednesday, with Taylor Morrison's (TMHC) shares rising 5% on the NYSE after pricing at $22 the previous evening.

    If all goes according to plan, it won't be the last. William Lyon Homes filed to go public  -- and raise up to $200 million -- on Tuesday. TRI Pointe Homes (TPH), the first homebuilder to go public since the pre-housing bust year of 2004, started trading in January.

    Credit: Business Wire

    The return of the builders to Wall Street, along with the general rise of these stocks over the past year, comes as data increasingly point to a housing market rebound, albeit one with plenty of caution thrown in. (Click here for our senior columnist Michael Santoli's take on homebuilder stocks as "a poor risk-reward bargain for long-term holders.")

    Meanwhile, with a rash of recent pricings and some highly anticipated upcoming debuts, such as SeaWorld (which could make one of the largest IPO splashes of 2013), it's time to update our IPO scorecard.

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  • Finance Week Ahead: Earnings Season Kicks Off

    What a difference a few days makes: On Tuesday the S&P 500 was a mere three points away from busting past its all-time intraday high, set in 2007. Now the index has closed its worst weekly performance so far this year, with a highly disappointing March jobs report putting a damper on investor sentiment on Friday. While Wall Street pared much of its early losses by market close (as Breakout’s Matt Nesto had predicted here), all three major indices still ended in the red for the week.

    But now it’s on to next week, when corporate earnings will be in keen focus yet again as Alcoa gets things moving on Monday after the bell.

    Obama will also unveil his budget blueprint for fiscal year 2014 – including possible proposed cuts to social security and Medicare, which has drawn some criticism from the left but might mean the budget isn’t DOA to the GOP.

    We’ll also see data including retail sales, inflation numbers, consumer sentiment and the small business optimism index (for more on the small-biz

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Pagination

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