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Financial News from Barrons.com

  • Betting Against Macau @ Barrons.com - Sat, Jan 31, 2015 3:43 AM EST

    Macau, the golden child of 2013, threw a tantrum last year as Beijing launched a high-profile anticorruption campaign that made many Chinese worry about any form of conspicuous consumption. By December, gaming revenue retreated to 2012 levels, while Macau stocks gave back most of their gains from 2013. Last week, Las …

  • Stocks Stumble as Outlook on Greece Darkens @ Barrons.com - Sat, Jan 31, 2015 3:39 AM EST

    Dow Jones Global Indexes|Global Stock Markets European stocks were caught between Greece and its creditors this week as they traded blows over the country’s bailout terms. It began with the resounding election victory of Greece’s radical leftist Syriza party, headed by Alexis Tsipras, who staunchly opposes austerity measures …

  • New World for Saudi Stocks @ Barrons.com - Sat, Jan 31, 2015 3:28 AM EST

    Emerging Markets Saudi Arabia faces some unexpected marketing challenges as it opens its stock market to foreign investment. Saudi Arabia’s refusal to tighten the oil spigot has facilitated a 55% decline in crude prices. The drop will increase the need for the oil exporting giant to spend more on social programs and …

  • Thriving by Seeking Both Cheap and Good @ Barrons.com - Sat, Jan 31, 2015 3:26 AM EST

    Growth stocks with good stories rarely get cheap. As lead manager of the $930.5 million Broadview Opportunity fund (BVAOX), Lane has made a career of investigating growth stocks and waiting patiently for them to stumble.

  • Microsoft Falls, Apple Rises, but the Search for Value Persists @ Barrons.com - Sat, Jan 31, 2015 3:22 AM EST

    Role reversal was the theme of tech earnings last week, as Microsoft slumped and Apple surged. In the case of Microsoft (MSFT), investors can be an ornery lot when they feel they’ve been denied what they were promised, even if they were never actually promised anything of the kind. Microsoft stock is up almost 10% in …

  • Gap in China's Wall of Bonds @ Barrons.com - Sat, Jan 31, 2015 3:22 AM EST

    China’s bond market often seems like a giant snow globe with a beautiful skyline inside that investors can never touch. China’s growth has been phenomenal, but foreign investors have been largely trapped outside, looking in. In 2014, China increased the number of foreign institutions allowed to trade mainland-listed securities. …

  • U.S. Stocks Fall Nearly 3% on Fears That QE Has Reached Its Limits @ Barrons.com - Sat, Jan 31, 2015 3:19 AM EST

    Ostensibly, investors were disappointed by data on U.S. economic growth, but the deeper issue is a nascent feeling that the worldwide quantitative easing (QE) cycle has reached the limits of encouraging growth. At McDonald’s, Thompson settled into the C-suite in mid-2012, just after the Golden Arches’ eight-year operational …

  • A Stable Play in Volatile Markets @ Barrons.com - Sat, Jan 31, 2015 3:18 AM EST

    Corning (GLW) recently reported fourth quarter earnings that were stronger than expected. The condition of the dividend is that investors must be willing to buy the stock if it falls below the $22 strike price at expiration. The proximity of the strike and stock prices raises issues that are important to understand because …

  • Perils of the Two-Faced Markets @ Barrons.com - Sat, Jan 31, 2015 2:59 AM EST

    For the month just ended, the financial markets might be regarded as two-faced. Stocks suffered their second straight monthly decline, while government bonds soared as their yields fell to record lows. April may be the cruelest month to the poet, but U.S. equity investors are down some $1.1 trillion since the market’s …

  • Amid Smartphone War, Samsung Hikes Its Payout @ Barrons.com - Sat, Jan 31, 2015 2:47 AM EST

    Samsung Electronics, a traditionally stingy tech behemoth, dividend-wise, is boosting its payout. The company pays a final dividend annually, in addition to a KRW500 interim dividend. The increase comes as Samsung (ticker:ticker::005930.Korea) battles for smartphone market share with high-end Apple and low-price Chinese …

  • Research Reports @ Barrons.com - Sat, Jan 31, 2015 2:46 AM EST

    The research reports excerpted here were issued recently by investment and research firms. Many may be obtained through Thomson Reuters at www.thomson.com/financial or 800-638-8241. Some are available ...

  • 13D Filings @ Barrons.com - Sat, Jan 31, 2015 2:32 AM EST

    Source: InsiderScore.com On Jan. 21, Icahn Capital sent a letter to Gracia Martore, president and CEO of Gannett, notifying the company of its intended proposals relating to corporate governance at the annual meeting. Icahn’s letter seeks changes to board structure, eliminating the possible adoption of an anti-takeover …

  • Preview @ Barrons.com - Sat, Jan 31, 2015 2:28 AM EST

    Review | Dates to Watch For | U.S. Economic Calendar | Consensus Estimates | Coming Earnings | Coming U.S. Auctions Smart-aleck babies, lovable horses, and Betty White have all helped companies pitch products in the year’s priciest time slot: the Super Bowl. Companies that produce the most popular Super Bowl commercials …

  • Next Week @ Barrons.com - Sat, Jan 31, 2015 2:28 AM EST

    Look for personal income’s rise to slow to 0.3% in December, says Nomura. It also sees consumption falling by 0.3%. President Barack Obama unveils his proposed budget. The House debates the repeal of the ...

  • Last Week @ Barrons.com - Sat, Jan 31, 2015 2:28 AM EST

    Apple went against the general trend of disappointing earnings, blowing past analysts’ estimates for the holiday quarter and posting net income of $18 billion, up 38% from the year-earlier period. Yahoo! said it would spin off its nearly $40 billion stake in Alibaba Group Holding, in a tax-free move that should give Yahoo! …

  • Review @ Barrons.com - Sat, Jan 31, 2015 2:27 AM EST

    Dow Indicator | Preview China reported last week the slowest GDP growth in more than two decades. A McKinsey report anticipates that Internet investments by Chinese companies could potentially contribute up to 14 trillion renminbi ($2.24 trillion), or 22% of GDP growth in the next decade. By 2025, that spending, says …

  • Charting the Market @ Barrons.com - Sat, Jan 31, 2015 2:19 AM EST

    Amazon.com Investors gave Jeff Bezos the thumbs-up as the e-commerce giant returned to profit in the fourth quarter and sales rose 15%, suggesting better spending control. Harman International Industries ...

  • Barron’s Roundtable, Part III In our final Roundtable installment, Marc Faber, David Herro, Oscar Schafer, and Mario Gabelli share their best investment ideas. Revenge of the Giants Morgan Stanley Wealth Management and Credit Suisse, long outpaced by smaller firms, top our latest Barron’s-Zacks ranking of stockpicking …

  • Yahoo's Alibaba Magic @ Barrons.com - Sat, Jan 31, 2015 2:05 AM EST

    Wall Street isn’t giving Yahoo! much credit for its investor-friendly decision last week to spin off its valuable stake in Alibaba Group Holding tax-free to shareholders amid concerns about Alibaba and its outlook. Yahoo! (YHOO) shares, which fell $5, or 11%, to $44.50, last week, trade for a sizable discount to the estimated …

  • Corrections & Amplifications @ Barrons.com - Sat, Jan 31, 2015 1:44 AM EST

    Ameriprise Financial had $797 billion in assets under management and administration on Sept. 30, 2014. In our story last week (“A Money Manager Whose Shares Are a Bargain”), we used its June 30 figure....

  • AMD Bets With a New Stack of Chips @ Barrons.com - Sat, Jan 31, 2015 12:01 AM EST

    After a tough slog in recent years, Advanced Micro Devices has begun to make real progress in its transition from semiconductor designer for consumers’ personal computers to supplier of chips powering everything from advanced avionics to the latest Microsoft Xbox. Under CEO Lisa Su, an engineer who was promoted to the …

  • After Big Gain, It's Time to Exit Wendy's @ Barrons.com - Sat, Jan 31, 2015 12:01 AM EST

    Investors have reaped the rewards of a successful turnaround at Wendy's. Since CEO Emil Brolick joined in September 2011 and mapped out a new course for the world’s third-largest burger chain, Wendy’s fortunes have turned, and its stock has more than doubled. Wendy’s has racked up seven consecutive quarters of positive …

  • Revenge of the Giants in Stock Picks @ Barrons.com - Sat, Jan 31, 2015 12:01 AM EST

    Morgan Stanley Wealth Management and Credit Suisse Group took top honors in the latest Barron’s-Zacks ranking of focus-list stock selections—each list a compilation of a broker’s best stock ideas—elbowing aside the smaller brokers that had notched impressive victories in a string of previous surveys. As was the case in …

  • Strategies for a New Age @ Barrons.com - Sat, Jan 31, 2015 12:01 AM EST

    Part 3 features the 2015 investment picks, pans, and musings of Marc Faber, David Herro, Oscar Schafer, and Mario Gabelli -- four pros who have spent years on the Street, each taking a different path to success.

  • Delphi Automotive Wins with Safety Technology @ Barrons.com - Sat, Jan 31, 2015 12:01 AM EST

    So-called active safety systems, which work to avoid accidents and not just mitigate damage after the fact, trace back at least to 1978, when Mercedes launched the first production car with anti-lock brakes. Delphi is an excellent choice for stock investors looking for exposure to rising car intelligence. Pure-play active …

  • Google Rises: Street Sees Fairly Routine Q4 @ Barrons.com - Fri, Jan 30, 2015 7:34 PM EST

    Shares of Google (GOOGL) today closed up $24.32, or almost 5%, at $537.55, despite the company yesterday afternoon missing Q4 revenue and earnings expectations as it dealt with the impact of the rising U.S. dollar and as prices of ads sold on its properties declined. We believe the valuation is reasonable at 18x forward …

  • Starbucks' Outgoing COO Sells $8.8M in Stock @ Barrons.com - Fri, Jan 30, 2015 5:52 PM EST

    Three Starbucks insiders sold 127,314 shares for $11,203,232, an average of $80 each, on Jan. 26 and 27 as the stock set steep prices. Troy Alstead, outgoing chief operating officer, exercised options ...

  • [$$] Aesthetic-Laser Stocks Focus on More Upside @ Barrons.com - Fri, Jan 30, 2015 4:39 PM EST

    Maxim Group Year-to-date, stock prices of the aesthetic-laser companies we cover are up 19.1%. We believe each of our Buy-rated stocks have catalysts that should propel accelerating revenue in 2015. Primary ...

  • Turkey Tries to Stem a Sliding Lira @ Barrons.com - Fri, Jan 30, 2015 4:04 PM EST

    The Turkish lira slumped to a low this week against rival currencies amid signs the Turkish central bank may convene an unscheduled meeting to cut interest rates. To stop the currency carnage, however, policy makers may be putting the brakes on future interest rate hikes. “Recent movements in financial markets are not …

  • InvenSense Falls: Apple, Samsung Biz Pressures Prices; Bulls Defend @ Barrons.com - Fri, Jan 30, 2015 3:32 PM EST

    Shares of sensor make InvenSense (INVN) are down 79 cents, or 5%, at $15.02, recovering from the worst of last night's sell-off in late trading, when the stock dropped 12% despite the company beat fiscal Q3 expectations and offered an above-consensus Q4 view. Brian Blair of Rosenblatt Securities, who has a Neutral rating …

  • Precious metals were staging a comeback after Thursday’s dramatic selloff, with gold rising nearly 2% on Friday. Gold settled up 1.9%, to $$1,278.50 an ounce, helped by lower-than-expected U.S. GDP growth. Gold is up 6.8% in January, the biggest monthly gain since July 2013. Among ETFs, the SPDR Gold Trust (GLD, the iShares …

  • Will Other Retailers Pay Special Dividends? Yes, Says Cowen @ Barrons.com - Fri, Jan 30, 2015 2:13 PM EST

    Who could be the next retailer to sweeten its payout to investors with a one-time special dividend? It’s a fair question, given the announcement earlier today by wholesale giant Costco (COST) of a $5 one-time ...

  • AT&T Leverage May Rise on $18B Auction Bid; Dish Bids $13B @ Barrons.com - Fri, Jan 30, 2015 1:22 PM EST

    The Federal Communications Commission has just published online the result of weeks of anonymous bidding for cellular spectrum, and AT&T (T) turns out to be the biggest bidder, not a surprise, while Dish Network (DISH), which had been widely speculated to be involved, may have surprised some by bidding quite a bit. Craig …

  • Blue-Chip Stocks Can Survive Strong Dollar @ Barrons.com - Fri, Jan 30, 2015 1:06 PM EST

    While it is a lingering headwind for multinational U.S. companies, we see four reasons why the dollar will not undermine U.S. equities on a sustained basis: the pace of dollar gains should moderate, corporate hedging programs will become more aggressive, overseas demand should improve and help U.S. earnings, and equity …

  • Gilead Sciences v. AbbVie: Who's Winning the Hepatitis-C War? @ Barrons.com - Fri, Jan 30, 2015 12:49 PM EST

    RBC's Michael Yee and team think AbbVie's (ABBV) update on its hepatitis-C treatment today is good news for Gilead Sciences (GILD). They explain why: We think AbbVie Viekira pak in 2015 will do around ...

  • What's So Special About Costco? @ Barrons.com - Fri, Jan 30, 2015 12:37 PM EST

    Costco Wholesale (COST) is looking pretty stylish today. Costco already pays shareholders a quarterly payout of 36 cents a share. This is not the first special dividend paid to Costco shareholders.

  • Shake Shock: Shake Shack's IPO is Out of Control @ Barrons.com - Fri, Jan 30, 2015 12:28 PM EST

    Shake Shack's (SHAK) IPO is officially out of control. Shares of Shake Shack are trading at $48.55 at 12:08 p.m. today, up more than 130% from the offering price of 21. As a result, Shake Shack now has ...

  • JetBlue Crushed Costs in Q4 @ Barrons.com - Fri, Jan 30, 2015 12:12 PM EST

    JetBlue Airways (JBLU: Nasdaq) By Evercore ($17.16, Jan. 29, 2015) Our estimates for JetBlue Airways 2015/2016 earnings per share move to $1.45/$1.55 from $1.33/$1.45, respectively. Our first-quarter JetBlue ...

  • Devon Energy: Why Deutsche Bank Says Buy @ Barrons.com - Fri, Jan 30, 2015 11:51 AM EST

    Deutsche Bank's Stephen Richardson and team explain why they upgraded Devon Energy (DVN) to Buy from and cut Encana (ECA) to Hold from Buy: A key focus for us remains 2016 and how reduced activity levels will impact various asset bases. Consistent with this view we have downgraded Encana and upgraded Devon Energy today... …

  • Manitowoc Announces Split, Market Shrugs @ Barrons.com - Fri, Jan 30, 2015 11:27 AM EST

    It's been a nasty year so far for equipment makers like Caterpillar (CAT), Joy Global (JOY) and Manitowoc (MTW). Citigroup's Timothy Thein and team explain why they're unenthusiastic about Manitowoc's split: After long-running speculation in the press, heightened further by separate activist involvement in recent months, …

  • The Dow is falling again, dropping more than 90 points as soft GDP number stoke fears of slowing economic growth. U.S. Treasuries are climbing again, with the yield on the 10-year note falling below 1.7%. ...

  • For example, Tom Szkutak, CFO, noted that “the teams are putting even more energy and attention on driving what we would call fixed expense and variable expense productivity, as well as other efficiency projects." Among the factors helping profitability was the fact that fulfillment costs in the quarter stayed roughly flat …

  • Three Big Banks That Look Cheap @ Barrons.com - Fri, Jan 30, 2015 10:44 AM EST

    In substantive terms, we expect 2015 revenue to be a function of whether or not the Federal Reserve finally commences the raising of fed-funds rate. We have seen several years where the Fed was expected to move but remained static, so Fed action is still not a foregone conclusion, but the likelihood appears much higher …

  • Taking Stock in Russia? Nyet @ Barrons.com - Fri, Jan 30, 2015 10:44 AM EST

    From Russia with love? Not much affection for U.S.-listed shares of Russian stocks today after the Central Bank of Russia unexpectedly cut its main interest rate to 15% from 17% as fears of recession mount ...

  • Russia Cuts Interest Rates @ Barrons.com - Fri, Jan 30, 2015 10:39 AM EST

    It’s been a bad week for Russia’s currency and economy. Mondayit was downgraded to junk by Standard & Poor’s. That move hit the already battered ruble, sending it to new 2015 lows. Today, Russia’s central bank unexpectedly cut its key interest rate by two percentage points to 15% from 17%, a move that come a little over …

  • Apple (AAPL) shares today are up 71 cents, or 0.6%, at $119.61, and a little while ago hit a lifetime high of $120, its market cap now flirting with $700 billion. To explain it all, Piper Jaffray’s Gene Munster, who has an Overweight rating on the stock, and a $135 price target, appeared on CNBC, saying that some investors …

  • Chevron Slips Despite Q4 Beat, Lowers '15 CapEx Budget @ Barrons.com - Fri, Jan 30, 2015 10:07 AM EST

    Chevron (CVX) was edging down in early trading Friday, despite a better-than-expected fourth-quarter report. While low oil prices have been plaguing the sector as a whole, Chevron did get some benefit from its refining operations, which benefit from lower pricing that can lead to higher margins. Chevron has long been …

  • Yahoo!: MKM Ups to Buy on Valuation; No Need for Core Turnaround at $0 @ Barrons.com - Fri, Jan 30, 2015 9:45 AM EST

    Shares of Yahoo! (YHOO) are up 34 cents, or 0.8%, at $44.07, as the prospect of a take-out of the company given its 15% share in Alibaba Group Holding (BABA) continues to draw speculation. MKM Partners’s Ken Sena this morning raises his rating on the shares to Buy from Hold, with a $55 price target, writing that "its 15.4% …

  • Valeant Hopes To Buy Cancer Drug From Dendreon For $296M @ Barrons.com - Fri, Jan 30, 2015 9:39 AM EST

    Valeant Pharmaceuticals (VRX) announced late Thursday that it reached a tentative deal to purchased Dendreon’s prostate-cancer drug Provenge, along with other assets, for $296 million in cash. Of course, Valeant is no stranger to acquisitions, which has been a part of its growth strategy for some time. Provenge does help …

  • Morning Movers: Stocks Slip On GDP News; MasterCard, Visa Biogen Jump @ Barrons.com - Fri, Jan 30, 2015 9:06 AM EST

    Stocks were lower before the open Friday, reversing Thursday’s optimism, after slower than expected GDP growth. The economy expanded 2.6% in the fourth quarter, below the 3.2% that economists were predicting. ...

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