The Buzz
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Earnings stink like a big pile of trash
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, and Abbott Laboratories, La Monica does not own positions in any individual stocks.
Investors are in an Oscar the Grouch-like mood. But unlike the fuzzy, green Muppet, they don't love trash. And that's exactly what the latest slew of corporate earnings reports are: Dirty, dingy and dusty. Rotten, ragged MORE
Paul R. La Monica - Oct 23, 2012 12:06 PM ET -
Black Monday: 25 years after the crash
It was 25 years ago today when Wall Street suffered one its biggest market crashes in history.
On October 19, 1987, the Dow Jones industrial average (INDU) tumbled 508 points, losing more than 22% of its value and marking the second-largest percentage loss in a singly day. (The worst was when the Dow lost 24% on December 12, 1914, when the New York Stock Exchange reopened after having been closed for MORE
Hibah Yousuf - Oct 19, 2012 2:53 PM ET -
Investors favoring bonds over stocks
Investors continued to pull out of U.S. stocks last week, as worries about slowing global growth and a lackluster start to the third-quarter earnings period dampened investors' spirits.
U.S. stock mutual funds lost $2.3 billion during the week ended Oct. 10, according to data from the Investment Company Institute. That was far less than the prior week, when investors yanked $10.6 billion. Nonetheless, it still marked the 12th straight week of outflows.
Pessimism toward MORE
Hibah Yousuf - Oct 18, 2012 10:43 AM ETPosted in: bonds, China, earning, global economy, hybrid funds, inflow, mutual funds, outflow, slowdown, stocks -
Coal stocks surge on anticipated uptick in China demand
One analyst at Dahlman & Rose predicted that China's steel mills might see a renewed appetite for coal. That was enough to send shares of coal companies like James River Coal Company (JRCC), Arch Coal (ACI) and even coal ETFs like Market Vectors Coal (KOL) surging. And that made both coal and China hot topics on StockTwits Thursday.
It was a welcome turnaround for coal companies that have seen their shares MORE
Maureen Farrell - Oct 11, 2012 1:52 PM ET -
Earnings kick-off: Alcoa and KFC-owner Yum Brands
Tuesday brings the unofficial start to third-quarter earnings season, with aluminum producer Alcoa (AA) and KFC-owner Yum Brands (YUM) reporting after the closing bell.
Alcoa is typically considered the kick-off to earnings since it's the first major Dow (INDU) component to report. It's also considered a bellwether of the economy because of its global reach.
But Yum may actually grab the spotlight because of its large presence in China, where report MORE
Catherine Tymkiw - Oct 9, 2012 11:55 AM ET -
China still lead buyer of U.S. securities
Global demand for U.S. securities is still strong, with China remaining the largest foreign holder of U.S. debt, according to the Treasury Department's latest report on foreign holdings.
The U.S. government's top international creditor continued to add to its holdings, albeit modestly, according to the July Treasury International Capital report, which measures the flow of funds into and out of U.S. securities, including Treasuries, agency-backed securities, corporate debt and stocks, MORE
Catherine Tymkiw - Sep 18, 2012 12:44 PM ET -
Coal stocks ride China's stimulus wave
Investors who have been burned by holding onto coal stocks this year may finally be feeling the right type of heat.
Coal stocks started heating up Friday, after China announced a $156 billion commitment for improving the country's roads, rails and other infrastructure.
With China planning 55 new major infrastructure projects, investors are betting that those projects will rev up demand for coal, which China uses to make steel for its bridges. MORE
Maureen Farrell - Sep 10, 2012 1:38 PM ET -
'China's Twitter' stock surges more than 10%
Sina Corp., which operates China's Twitter-like microblogging site Weibo, posted a surprise second-quarter profit of $33.2 million, more than triple the amount a year ago.
The results, which included an 11% jump in revenue, blew investors away since analysts had predicted that the company would post a slim loss for the quarter. Shares of Sina (SINA), surged 14% to their highest level since May.
Sina's CEO Charles Chao noted that Weibo, which MORE
Hibah Yousuf - Aug 16, 2012 3:22 PM ETPosted in: ads, advertising, China, FaceBook, mobile, sina corp, social media, stocks, StockTwits, Twitter, weibo -
Gold demand falls on weakness in China, India
Global demand for gold sank in the second quarter as buyers in China and India slowed their purchases of the precious metal, according to a report Thursday.
The World Gold Council said gold demand fell 7% in the second quarter from the same quarter last year.
The drop in demand came as gold prices averaged $1,609.49 in the quarter, up 7% from the average price in the same quarter last year.
Gold prices MORE
Ben Rooney - Aug 16, 2012 1:07 PM ET -
Focus Media jumps on offer to go private
Shares of Focus Media (FMCN) spiked Monday after the Chinese company said it is considering a $3.7 billion deal to go private from a group of investors that includes its CEO Jason Nanchun Jiang.
The bid, which offers an almost 15% premium to Focus Media's closing price last week, also includes investors like private equity firms the Carlyle Group (CG), CITIC Capital Partners, FountainVest Partners, CDH Investments and China Everbright.
Shares of the MORE
Hibah Yousuf - Aug 13, 2012 1:39 PM ET
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