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Stocks are heading lower as April chain store sales promise a shower of negative news, though not unexpected. European markets are lower and Japanese stocks closed down on the day. But the star of Asia, China's stock market continues to bubble higher, and the Financial Times says the value of the shares that traded Wednesday on China's Shanghai and Shenzhen exchanges was greater than all of the rest of Asia combined.
Will Murdoch convince the Bancroft Family to sell Dow Jones? Will he sweeten his already oh-so-sweet $5 billion offer for the Wall Street Journal's parent?There's no better place to find the future than in the past -- in News Corp's case, fiscal third-quarter earnings. Net income increased 6.2%, led by the movie division whose revenues grew a whopping 82% to $410 million, a record for the quarter.
The top 4 celebrities remain constant with Jonathan Tucker holding onto his lead with only $62,581.29 separating him from Stephen Collins. Poker champion Moneymaker is betting on Allscripts Healthcare to move him up from 4th on strong earnings after the bell Tuesday. And Hall of Famer Johnny Bench is counting on American Oriental Bioengineering to continue to perform--as he's in 5th place.
Here's our daily contest "stock report." Earnings again helped and hurt performance. The most active and widely held pretty much the same--except for ENTG and BQI which both fell out of the most active. And gas and oil company BQI also fell from the most widely held. Here you go. Best performing trades by % gain from Monday's close to Tuesday's close:
Hey folks. Jeff Mishlove is here with his picks today. Let's get right to his post: This has been a very busy time for me, so I am submitting this blog a bit later than usual. However, the lateness allows me to see that the picks I recommended for yesterday are doing quite well. Two of the five are among the top two eligible stocks for the contest on Tuesday. Those are aQuantive and Blue Nile – up, as I am writing, 11.98% and 17.21% respectively.
It's certainly coming down to the wire in Trading With The Stars. As we said, this is the last week for this part of the Million Dollar Portfolio Challenge. And Jonathan Tucker stays on top with a total portfolio value of $1,204,305.00 which is up $5,905.00 from Friday's total. Stephen Collins continues in the #2 spot with a total portfolio value of $1,166,355.20. That's up $6,348.18 from Friday's total and Stephen continues to close the gap with Jonathan Tucker.
MySpace, part of Rupert Murdoch's News Corp., has reached a preliminary deal to acquire Photobucket, the world's top photo-sharing site, for around $250 million in cash, a source familiar with the deal said on Monday.
It's do or die time for our celebs as this is the final week of Trading With The Stars, so here are the standings. Jonathan tucker holds on to the lead with a total portfolio value of $1,198,400.00 which is down $25 from Thursday's total. Stephen Collins continues in the #2 spot with a total portfolio value of $1,160,007.02 up more than $41K from Thursday's total and is now within about $38K from the top.
Hey everyone, here's Jeff Mishlove with his latest round of contest stock picks. He seems to be doing pretty well with his picks. Are you? Here he is: As I reported in Friday’s blog, and earlier, Week 8 of the contest was a thrilling experience for me – as I ended up on the weekly leaderboard in second place – with a portfolio that appreciated 112.98% for the week.
Plaintiffs including England's Premier League sued Google's online-video sharing site YouTube on Friday for copyright infringement, marking the second big legal challenge to YouTube.
Media stocks are cheap, so some big players in the industry are saying “Let’s make a deal.” This week's flurry of potential media mergers includes such heavyweights as News Corp., Dow Jones, Reuters and Thomson. Analysts say that the main driver behind the proposed combinations is that media stocks are relatively cheap, making companies ripe for picking.
Reuters received a takeover approach by a third party, but wouldn't say who. Those in the know say its Thomson group, the financial news company that aggregates information, like which analysts cover which company -- a service that we here at CNBC use quite often.
Richard Parsons, Time Warner’s chief executive officer, told CNBC that there are no plans to sell the company’s AOL division to a private equity firm. “We like the construction of this company,” Parsons said Thursday in a taped interview with Maria Bartiromo.
You've probably seen the video by now: the Under Armour employee day at Camden Yards. If you haven't seen it, it's too late. The Mid-Atlantic Sports Network has now pulled it from YouTube.It goes like this: reporter from the MASN during the Orioles pregame show is doing a live shot with employees of the sports apparel brand and the guy who she picks out of the crowd is very potentially inebriated already, somehow.
Here's our re-cap of the day, with the leaderboard, most active and widely held stocks and the trivia questions. The video question is worth $2,000 Bonus Bucks: The Royal Bank of Australia has decided to keep interest rates on hold at what percent? Your selection of answers is: 6.0% or 6.25% or 5.25% or 5.75%.
David Lutz, managing director at Stifel, Nicolaus Capital Markets, told CNBC’s “Morning Call” that the explosion in Internet traffic makes Juniper Networks a good bet.
Move over Citizen Kane, billionaires who want to play media tycoon are snapping up big names in the newspaper industry.
Hey folks--Timothy Sykes is here with his latest contest stock picks. As you'll read, Timothy doesn't like to play the "favorites." So, here he is: Good Wednesday! Tired of earnings plays yet? Too bad! As I hope I’ve shown, they are the best plays for this contest so just suck it up and focus on them instead of following all the other lemmings in stocks like SIRI and CMGI.
Chinese Web search leader Baidu said on Thursday its first-quarter net income rose 143%and revenue should double in the current quarter, sending shares up 21% in after-hours trade.
Household products, oil drillers, healthcare, materials, telecom, international brokers, agriculture, aerospace, biotech – these are the sectors Cramer thinks will rally the hardest. He suggests you buy now.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.