"A whole bunch of companies" are riding the coattails of valuable companies to undeserved valuations, says serial entrepreneur Max Levchin.» Read More
Jim Cramer sees plenty of money making opportunities scattered across almost every sector of the market. Here's what's on his calendar.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
July 24- Shares of Angie's List Inc, a review website, fell about 24 percent to a life low after the company forecast current-quarter revenue below analysts' estimates due to higher spending to sign up customers.
Facebook reported earnings and revenue that beat estimates in the second quarter, thanks to its robust mobile ad business.
"My general assessment at this point is that threats to financial stability are at a moderate level and not a very high level," Yellen said.
WASHINGTON, July 15- Federal Reserve Chair Janet Yellen said U.S. labor markets are far from healthy and signaled the Fed will keep monetary policy loose until hiring and wage data show the effects of the financial crisis are "completely gone."
Yellen said there were signs of a production and spending rebound in the second quarter, but 'this bears close watching.'
The unusual comments from the Fed's monetary policy report- the first time in 14 years that the Fed has commented specifically on valuation of a particular equity sector- that accompanied Fed Chair Janet Yellen's semi-annual testimony to Congress, hit stocks in riskier sectors of the market.
The Federal Reserve's unusually targeted comments that biotech and social media stocks are overheated sucked the wind out of a an early rally.
Shares in biotechs and social media stocks fell Tuesday after a Fed report suggested their valuations appear stretched.
Is the housing remodeling boom over? A status update from Lumber Liquidator is acting as a possible canary in the coal mine.
Crumbs' closing is a metaphor for the broader stock market, highlighting how momentum stocks can go bad.
Some of Tuesday's midday movers:
Some of Wednesday's midday movers:
Back to the future: Yext is an online listing service for companies, from mom-and-pop outfits to Fortune 500 enterprises.
*Intel up on outlook, OpenTable soars on Priceline deal. Intel Corp was one of the S&P 500' s biggest gainers and one of Nasdaq's most active name, but overall gains were capped as investors remained cautious about violence in Iraq, which has taken oil prices to their highest since September.
*Priceline's offer of $103/ shr a 46 pct premium. June 13- Travel website owner Priceline Group Inc will buy restaurant reservation website operator OpenTable Inc for $2.6 billion, aiming to broaden its services outside the increasingly competitive online travel industry.
Some of Friday midday movers:
*Intel up on outlook, OpenTable soars on Priceline deal. *Oil remains in focus as Iraq violence continues.
Priceline announces it is buying online reservation site OpenTable for $103 per share, or about $2.6 billion.