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Investor’s Business Daily – Investors
- - Stocks firmed up some in late trading Thursday, but were still well off session highs. The S&P 500 gained 0.5% and the NYSE composite 0.4%. The Dow and Nasdaq climbed 0.3% each. Nasdaq volume was again tracking lower and NYSE higher. Adtran (ADTN) added 2% as it posted a new high in average trade. The stock cleared a 33.10 buy point from a cup base Wednesday. Wednesday's volume, however, was only a tad above average. Generally, turnover should be
 - - Stocks retreated on a Bloomberg report that Deutsche Bank (DB) is considering a stock offering to raise 9 billion euros. The S&P 500 was up 0.5% after having been up as much as 1%. The Nasdaq and NYSE composite added 0.4% each and the Dow edged up 0.2%. Nasdaq volume was tracking sharply lower. NYSE trade was still tracking higher. Deutsche Bank's U.S.-traded shares reversed lower, falling 4%. UBS (UBS) turned a fraction lower, while Credit
 - - Stocks climbed out from an earlier pullback and were near session highs in early afternoon trading Thursday. The S&P 500 was up 0.8%, while the Nasdaq and NYSE composite added 0.7% each. The Dow gained 0.5%. Turnover was tracking sharply lower on the Nasdaq and a tad higher on the NYSE. IT services provider iGate (IGTE) vaulted 8% to a new high in heavy trading. The stock emerged from a test of its 10-week line. While it looks like a base
 - - The major indexes traded higher across the board at midday Thursday, as Wall Street continued to embrace the positive recent economic news. The NYSE composite and S&P 500 gained 0.9% each, the Nasdaq rose 0.8% and the Dow added 0.6%. Volume swelled 3% on the NYSE and dropped 16% on the Nasdaq compared with the same period Wednesday. Under Armour (UA) advanced 3% in nearly twice its usual volume. The athletic apparel maker's stock, which sports a
 - - The major indexes continued their recent winning streak in late-morning action Thursday, as a better-than-expected initial jobless claims report and a smaller trade gap highlighted a morning of good news for the U.S. economy. The NYSE composite gained 0.9%, the S&P 500 0.8%, the Nasdaq and Dow 0.6% each. Volume swelled 3% on the NYSE and dropped 18% on the Nasdaq compared with the same period Wednesday. Rackspace Hosting (RAX) advanced 3% in
 - - The major indexes opened sharply higher Thursday, as investors embraced a better-than-expected initial jobless claims report. The S&P 500 leapt 1.1%, the S&P 500 0.9%, the Nasdaq 0.8%, and the Dow 0.7%. Volume swelled 8% on the NYSE and dropped 22% on the Nasdaq compared with the same period Wednesday. ARM Holdings (ARMH) jumped 4% in heavy volume. The chipmaker's stock marked the latest in its recent string of new highs after the firm unveiled a
 - - The major indexes bolted higher in pre-market action Thursday, following a better-than-expected initial jobless claims report. Nasdaq 100, S&P 500 and Dow futures all traded sharply higher ahead of the opening bell. The Labor Department said the number of people filing for first-time unemployment benefits plunged by 27,000 to a seasonally adjusted total of 451,000. Economists had pegged a drop of just 2,000. The four-week moving average of new
 - - The major indexes pointed to a fresh round of gains in pre-market action Thursday, as investors looked ahead to the government's weekly jobless claims report. Nasdaq 100, S&P 500 and Dow futures all traded higher ahead of the opening bell. The Labor Department is expected to report the number of people asking for first-time unemployment benefits fell by 2,000 last week to 470,000. The report is due out at 8:30 a.m. EDT. Investors have seized on
 - - The China-focused investor concerned about volatility, distance or mistrust of that distant emerging market has an option: exchange traded funds. The slate of choices is expanding, with some ETFs focused on specific sectors or market caps. ETFs are a passive investment with generally fixed holdings. You, the investor, must make sure those are the holdings you want. The iShares FTSE/Xinhua China 25 (FXI) ETF (up 5.8% year to date) is the benchmark
 - - Stocks regained the bulk of the prior session's losses Wednesday as a successful Portuguese debt auction eased recently rekindled European fears. The Nasdaq climbed 0.9%, while the NYSE composite and S&P 500 gained 0.6% each. The Dow rose 0.5%. Volume climbed on both exchanges. Several stocks broke out Wednesday. Herbalife (HLF) gained 3% to a new record high in heavy volume. The stock cleared a 57.69 buy point from a square-box base. The
Investor’s Business Daily – Business
- - As the price of gold has soared, so has the confidence of gold producers. An industry that finds its wealth underground might seem out of its element flying without a net. But as gold producers abandon the hedging practice that protects them against a sudden reversal in price, that's precisely what they're doing. And as gold flirts almost daily with new highs, investors in gold mining stocks should be aware they no longer have much protection
 - - In China, government subsidies to industries are having an effect all the way to Plainview, N.Y. Plainview is home to Veeco Instruments (VECO), a major supplier of machines used to make light-emitting diode, or LED, chips. LEDs are used for backlighting in many flat-panel TVs. What's more, they're being slowly adopted for use in general lighting, in business, industry, consumer products and government infrastructure. That's due to their
 - - A couple of years ago, McDonald's took a shot across Starbucks' bow when it started rolling out its own line of premium coffees. This summer, the burger giant aimed at the likes of Jamba and others, with a new line of fruit smoothies. With recession-weary consumers cutting back, higher-margin beverages have become more important to the fast-food industry to keep old customers and lure in new ones between typical meal times. McDonald's (MCD) said
 - - The economies of China and India are still booming. Their citizens are traveling and, increasingly, booking their airfare and hotels online. And the emerging countries offer some of the fastest growth opportunities for online travel bookers. So why aren't investors more worried that Priceline.com (PCLN), one of the globe's top hotel and air-ticketing companies, has mostly stayed away? One reason: The company continues to deliver double-digit
 - - If you want a heart-valve replacement without having your chest split open, you'll have to go to Europe. There you'll have two choices, both from U.S. companies. The procedure is called transcatheter aortic valve replacement, or TAV. Using special catheters, new valves can be implanted, either through an artery or through the chest wall. Edwards Lifesciences (EW), based in Irvine, Calif., offers both options for its novel Sapien valve in Europe.
 - - Retailers rang up solid August sales Thursday, beating views for the first time since March as deep discounts spurred shoppers to step up back-to-school buying. Sales at stores open at least a year rose 3.5% vs. a year earlier, says Ken Perkins, president of Retail Metrics. Wall Street expected a 2.8% gain. A hefty 67% of those stores beat targets. The retailers' results were a welcome change after missing estimates the prior four months -- the
 - - China's banks have undergone huge reforms the last 10 years. As such, they're fertile ground for tech firms helping them to modernize. Homegrown vendor Longtop Financial Technologies (LFT) is one of the most successful with ties to China's Big Four state-owned behemoths and many other banks. They're not bad customers to have. The Big Four alone hold about half of all assets in China's banking system. And as analyst Chris Shutler of William Blair &
 - - If there's one thing Americans were forced to learn during the recession, it's how to get more bang for the buck. Budget-minded parents looking to apply that lesson to finding housing for their kids at college may discover there are good rental deals to be had off-campus. Though they may have to hunt a bit -- even as the housing market remains weak, with existing-home sales at a 15-year low, the student housing market is strong. "Demand is still
 - - Like a lot of parents, Jim Berarducci and his wife had to make a tough financial decision when their daughter moved out of her college dorm two years ago. Do they let her rent an apartment or do they buy her a small condo? At the time, their daughter was a sophomore at University of St. Thomas in St. Paul, Minn. She was looking to spend $600 or more a month to rent an apartment or house with some other people. Then Berarducci started doing the
 - - Almost three-quarters of the parents in the U.S. who own a home bought within 30 minutes of family, according to a survey sponsored by brokerage Coldwell Banker Real Estate. Forty-two percent of homeowners polled -- all with children living at home -- bought a home less than 10 minutes from family living closest to them, while 30% located within 11 to 30 minutes of family. Some might consider this an affirmation of the importance of family ties, but
Investor’s Business Daily – Economy
- - The U.S. added a modest 60,000 jobs last month, excluding Census-related layoffs, the Labor Department reported Friday, signaling the economic recovery has slowed to first gear but isn't stalling. Including the end of 114,000 temporary Census jobs, nonfarm payrolls fell by 54,000. Wall Street expected a loss of 120,000 jobs. The jobless rate ticked up to 9.6%, as more people sought work. Private payrolls rose 67,000, beating diminished
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