The whipsaw action continues for the broad-based S&P 500 (SNPINDEX: ^GSPC ) with its third-straight move of greater than 1%. Today, renewed commodity weakness, as well as the weight of the world again falling on Apple’s (NASDAQ: AAPL ) shoulders, helped push the market decisively lower.
Commodities continue to be a talking (and selling) point for investors, with oil falling another $2 and gold down modestly yet again. This could be on the heels of a Tuesday update from the International Monetary Fund, which lowered its global growth forecast to 3.3% this year, down from 3.5%. Slower growth could mean less oil and metal demand, which is weighing heavily on commodities as a whole.
The big drag today, however, was tech giant Apple, which dipped below $400 per share at one point because of a weak preliminary revenue figure from one of its suppliers, Cirrus Logic. Cirrus’ preliminary revenue of $206.9 million in the fourth quarter came in modestly shy of the $210.2 million Wall Street had been looking for. But, more importantly, Cirrus gets about 70% of its revenue from Apple, so it could signify upcoming weakness in iPhone and iPad sales for Apple’s upcoming second-quarter report.
5 Best Blue Chip Stocks To Buy For 2014: International Business Machines Corporation(IBM)
International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. Its Global Technology Services segment provides IT infrastructure and business process services, including strategic outsourcing, process, integrated technology, and maintenance services, as well as technology-based support services. The company?s Global Business Services segment offers consulting and systems integration, and application management services. Its Software segment offers middleware and operating systems software, such as WebSphere software to integrate and manage business processes; information management software for database and enterprise content management, information integration, data warehousing, business analytics and intelligence, performance management, and predictive analytics; Tivoli software for identity management, data security, storage management, and datacenter automation; Lotus software for collaboration, messaging, and so cial networking; rational software to support software development for IT and embedded systems; business intelligence software, which provides querying and forecasting tools; SPSS predictive analytics software to predict outcomes and act on that insight; and operating systems software. Its Systems and Technology segment provides computing and storage solutions, including servers, disk and tape storage systems and software, point-of-sale retail systems, and microelectronics. The company?s Global Financing segment provides lease and loan financing to end users and internal clients; commercial financing to dealers and remarketers of IT products; and remanufacturing and remarketing services. It serves financial services, public, industrial, distribution, communications, and general business sectors. The company was formerly known as Computing-Tabulating-Recording Co. and changed its name to International Business Machines Corporation in 1924. IBM was founded in 1910 and is base d in Armonk, New York.
- [By Paul Ausick]
Again today the big market mover among the DJIA stocks was International Business Machines Corp. (NYSE: IBM) which dropped 1.39% and traded at $189.94 in a 52-week range of $172.19 to $214.89 just ahead of the closing bell. Volume was on track to be about 10% above the daily average of around 5.2 million shares traded. A fund manager at AlphaOne Capital told CNBC he is shorting IBM stock, saying “the cloud is deflationary” for the company.
- [By Jim Jubak]
This is the part of the cloud market where Google competes—and where Google cuts prices. The public cloud sector is dominated by Amazon.com (AMZN) with Microsoft (MSFT), Google, IBM (IBM), and Rackspace Hosting (RAX) competing for the Number Two slot.
5 Best Blue Chip Stocks To Buy For 2014: Colgate-Palmolive Company(CL)
Colgate-Palmolive Company, together with its subsidiaries, manufactures and markets consumer products worldwide. It offers oral care products, including toothpaste, toothbrushes, and mouth rinses, as well as dental floss and pharmaceutical products for dentists and other oral health professionals; personal care products, such as liquid hand soap, shower gels, bar soaps, deodorants, antiperspirants, shampoos, and conditioners; and home care products comprising laundry and dishwashing detergents, fabric conditioners, household cleaners, bleaches, dishwashing liquids, and oil soaps. The company offers its oral, personal, and home care products under the Colgate Total, Colgate Max Fresh, Colgate 360 Advisors’ Opinion:
- [By Lee Jackson]
Colgate-Palmolive Co. (NYSE: CL) is a top consumer staples name to make the UBS. Colgate sells its products in more than 200 countries and makes more than 75% of its revenue outside the United States, which provides geographic diversification and growth opportunities in emerging markets for the company. This diversity, matched with a huge list of consumer products, keeps revenues and dividends growing. Investors are paid a 2.3% dividend. The consensus target is $67.14. Colgate closed Tuesday at $64.34.
- [By TaniaC]
Colgate-Palmolive Company (CL) is a consumer products company whose products are marketed in over 200 countries and territories throughout the world. It operates in two segments: Oral, Personal and Home Care and Pet Nutrition.
- [By Dan Caplinger]
Procter & Gamble (NYSE: PG ) will release its quarterly report on Friday, and investors have watched the stock hit new all-time record highs in November before falling back in the past two months. Despite the optimism, Procter & Gamble earnings face pressure from international giant Unilever (NYSE: UL ) as well as domestic rivals Colgate-Palmolive (NYSE: CL ) and Kimberly-Clark (NYSE: KMB ) . The question facing investors is whether P&G can sustain its longtime competitive advantages against its rivals and bolster its growth.
5 Best Blue Chip Stocks To Buy For 2014: Chevron Corporation(CVX)
Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. The Upstream segment involves in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as holds interest in a gas-to-liquids project. The Downstream segment engages in the refining of crude oil into petroleum products; marketing of crude oil and refined products primarily under the Chevron, Texaco, and Caltex brand names; transportation of crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacture and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It a lso produces and markets coal and molybdenum; and holds interests in 13 power assets with a total operating capacity of approximately 3,100 megawatts, as well as involves in cash management and debt financing activities, insurance operations, real estate activities, energy services, and alternative fuels and technology business. Chevron Corporation has a joint venture agreement with China National Petroleum Corporation. The company was formerly known as ChevronTexaco Corp. and changed its name to Chevron Corporation in May 2005. Chevron Corporation was founded in 1879 and is based in San Ramon, California.
- [By Brendan Conway]
My Best Stocks for 2014 entry these days is weighed down by lackluster returns in massive stocks like Exxon Mobil (XOM), Chevron (CVX) and Walmart (WMT), and disappointment in the retail sector. Fortunately, VIG isn’t about shooting the moon — it’s about favorable risk-adjusted returns.
- [By Robert Rapier]
Petrobras (NYSE: PBR) is just the opposite. I was once an investor in this giant Brazilian integrated oil and gas company, whose stock has fallen by nearly two-thirds over the past five years. Over that same span, shares of US integrated majors Chevron (NYSE: CVX) and ExxonMobil (NYSE: XOM) rallied 98 percent and 48 percent, respectively.
- [By Paul Ausick]
The sales big spender was Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) which posted 16 high bids, totaling just over $321 million. Chevron Corp. (NYSE: CVX) offered six high bids, totaling $106 million, followed by Murphy Oil Corp. (NYSE: MUR) with 16 high bids, totaling nearly $50 million, and Royal Dutch Shell PLC (NYSE: RDS-A) with four high bids, totaling more than $45 million.
- [By Jon C. Ogg]
Chevron Corp. (NYSE: CVX) is down some 7.4% so far year to date, but it is down 10.2% from its 52-week high of $127.83. It is trading at $114.60, and the consensus target of $129.56 implies upside of just over 13% for the oil giant. While Exxon was barely behind this one, Chevron does at least have that higher 3.5% dividend yield, and that dividend is likely to rise yet again. The company’s capex and drilling outlook failed to excite Wall Street, but that happens sometimes, and vast fields are getting harder to find at economical levels.
5 Best Blue Chip Stocks To Buy For 2014: Apple Inc.(AAPL)
Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication and media devices, and portable digital music players, as well as sells related software, services, peripherals, networking solutions, and third-party digital content and applications worldwide. The company sells its products worldwide through its online stores, retail stores, direct sales force, third-party wholesalers, resellers, and value-added resellers. In addition, it sells third-party Mac, iPhone, iPad, and iPod compatible products, including application software, printers, storage devices, speakers, headphones, and other accessories and peripherals through its online and retail stores; and digital content and applications through the iTunes Store. The company sells its products to consumer, small and mid-sized business, education, enterprise, government, and creative markets. As of September 25, 2010, it had 317 retail stores, including 233 stores in the United States and 84 stores internationally. The company, formerly known as Apple Computer, Inc., was founded in 1976 and is headquartered in Cupertino, California.
- [By Jason Cunningham]
He cited Bubble Witch as the largest game on Facebook (NASDAQ: FB) for PC users, with a total of three Digital King titles ranked in Facebook’s top ten games. Farm Heroes, meanwhile, became one of the top ten grossing games for Google’s (NASDAQ: GOOG) Android in 11 days, and in less than six weeks for Apple (NASDAQ: AAPL) iOS.
- [By Rick Aristotle Munarriz]
pandora.com Having Pandora (P) fish through its growing digital catalog to surprise music buffs with commercial-free tunes is getting more expensive. Pandora recently announced that the price for its Pandora One service will increase by 25 percent to $4.99 a month for new subscribers starting in May. Existing subscribers paying $3.99 a month will be able to continue at that rate, but the $36 a year premium plan will no longer be available. Will You Pay More? Unlike the groaning that followed the hike in Amazon.com’s (AMZN) Prime, there has so far been minimal backlash for Pandora. That’s because just 3.3 million of Pandora’s 75.3 million active listeners pay for Pandora One. The other 72 million accept the ad blocks and the limited skips (Pandora limits free users to skipping six songs in an hour or 24 over the course of a day). Pandora perpetually tweaks its terms and limitations, but this is the first time that it has increased its Pandora One rate since it was introduced in 2009. Compared to satellite radio that has gone through a pair of increases since 2012 and the annual increases of most cable and satellite television providers, it’s hard to paint Pandora as greedy. As Pandora explains in justifying the increase, the royalties that it pays to performers through SoundExchange for subscription listening have soared 53 percent over the past five years. Battle of the Bands It’s probably just a coincidence that Spotify lowered its price to select users just days after Pandora’s announced hike. Spotify announced on Tuesday that college students — including two-year colleges and vocational schools — could pay just $5 a month for its streaming service. It doubles to the $10 a month rate that everyone else pays after they graduate. Spotify is an on-demand platform that lets users pick the tracks that they want to hear and create play lists. Pandora is a music discovery service that crunches algorithms to serve up tracks that it thinks you will like ba
5 Best Blue Chip Stocks To Buy For 2014: Visa Inc.(V)
Visa Inc., a payments technology company, engages in the operation of retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. The company owns and operates VisaNet, a global processing platform that provides transaction processing services. It also offers a range of payments platforms, which enable credit, charge, deferred debit, debit, and prepaid payments, as well as cash access for consumers, businesses, and government entities. The company provides its payment platforms under the Visa, Visa Electron, PLUS, and Interlink brand names. In addition, it offers value-added services, including risk management, issuer processing, loyalty, dispute management, value-added information, and CyberSource-branded services. The company is headquartered in San Francisco, California.
- [By Paul Ausick]
After announcing last Friday that they would not be processing any transactions for Russian banks, Visa Inc. (NYSE: V) and MasterCard Inc. (NYSE: MA) restarted payment processing on Saturday. Payment processing was halted following the inclusion of individuals who own banks on a list of 20 Russian officials and businesspeople who have been identified as targets of U.S. sanctions related to Russia’s annexation of Crimea.
- [By Jim Jubak]
And it’s easy to understand why. Alibaba’s offering—likely in New York rather than Hong Kong—could well come in as the biggest IPO ever, easily surpassing the $16.1 billion Facebook (FB) raised in 2012 and the $19.65 billion raised in Visa’s (V) 2008 offering.