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Apple's iPhone sees lukewarm reception in China debut

Apple Inc.'s (NASDAQ: AAPL) iPhone has been selling like gangbusters in the U.S. since its debut in June 2007, but that kind of fever -- and the fever U.S. consumers felt at every iPhone launch in the U.S. -- seemed tepid by comparison when China Unicom unleashed the iPhone for sale last week.

Continue reading Apple's iPhone sees lukewarm reception in China debut

Wet harvest causes grain prices to rise 7.7%. Should we buy our Wheaties now?

We've had wet weather in the Midwest during the harvest season, resulting in higher grain prices.

The U.S. Department of Agriculture (USDA) issued a report on wholesale crop prices paid to farmers. Let's look at some prices:

  • Corn rose 29 cents per bushel to $3.54
  • Wheat jumped 8 cents per bushel to $4.56
  • Soybeans dropped 1 cent per bushel to $9.74
  • Wholesale milk prices jumped 7.1% in October to $1.19 per gallon. Milk prices, however are down 22% from last year.

Continue reading Wet harvest causes grain prices to rise 7.7%. Should we buy our Wheaties now?

Barron's, Citigroup bet on a comeback for Motorola

An article in Barron's suggests that Motorola (NYSE: MOT) is on the verge of regaining some of its former mojo. The company recently offered a solid outlook for the remainder of the year, and it could garner new business after debuting two smartphones featuring Google's (NASDAQ: GOOG) Android operating system -- namely, the Droid and the Cliq.

The author cites analyst Ed Snyder of Charter Equity Research, who believes Motorola is on the cusp of "an extended upswing in handsets ... over the next several quarters." Snyder believes that the firm's ailing handset division could achieve break-even results as soon as the second quarter of 2010.

Continue reading Barron's, Citigroup bet on a comeback for Motorola

Halloween stocks offer investors a chance at financial treats

Halloween, though not the blockbuster holiday that Christmas is, still results in some additional spending on the part of consumers as they stock up on candy and costumes, and maybe take in a scary movie or two. With those treats in mind here are some stocks that may give investors sweet dreams -- and hopefully not nightmares.

As is well known, candy is all the rage at Halloween, and among the largest candy stocks are Hershey Co. (NYSE: HSY) and Cadbury PLC (NYSE: CBY). Last week, Hershey reported third-quarter earnings rose 30% despite weaker volumes affected by higher prices for its sweets. Last year's numbers also included special charges. Still the company said it expects full-year earnings to be ahead of Wall Street forecasts. In 2010, the Pennsylvania company said it expects earnings excluding items to rise 6% to 8%. The stock has a forward-looking price-to-earnings ratio of 16 and a current dividend yield of 3.1%.

Continue reading Halloween stocks offer investors a chance at financial treats

Under new leadership, P&G begins to build a brighter future

As with the consumers to whom it sells, Procter & Gamble Co. (NYSE: PG) has weathered tough times in recent months. The Cincinnati company saw revenues fall and volumes squeezed (not unlike its trademark Charmin bath tissue) as recession-weary shoppers continued to rein-in expenses and begged off buying pricier goods.

Still, following a year in which the company faced one of the most difficult macroeconomic environments in decades, P&G surprised analysts Thursday by reporting fiscal first-quarter earnings of $3.31 billion, or $1.06 a share, compared with $3.35 billion, or $1.03 a share, a year earlier. Analysts polled by Zacks.com anticipated the company would earn just 97 cents a share.

Continue reading Under new leadership, P&G begins to build a brighter future

Buffett's star shines brightest among world's financial gurus, poll shows

The housing bubble and subsequent "Great Recession" have tarnished the stars of a good many of the world's financial wizards, such as the former heads at Lehman Bros. and Merrill Lynch. But one respected image remains -- perhaps unsurprisingly -- on top: Warren Buffett, chairman and CEO at Berkshire Hathaway Inc. (NYSE: BRK.A).

That's according to a recent quarterly poll of investors, traders, and analysts who subscribe to Bloomberg terminals, those somewhat cryptic news and data computers that are ubiquitous on Wall Street. Buffett, who received favorable nods from 25% of those participating in the poll, walked away with a plurality of the vote, Bloomberg News reported.

Continue reading Buffett's star shines brightest among world's financial gurus, poll shows

Verizon (VZ) takes aim at the iPhone

motorola droidEver since Apple Computer (NASDAQ: AAPL) introduced the iPhone to the world, other cell phone companies have been working hard to compete. Verizon (NYSE: VZ) is hoping to find success with the Motorola Droid, which will come with a $199 price tag.

The phone will be running on Google's Android operating system, and could be a serious contender against the iPhone, and while most people knew this phone was coming, the real news is that it will start to be sold next week at Verizon's across the nation.

Continue reading Verizon (VZ) takes aim at the iPhone

Microsoft's Windows 7 will help popularize the PC touchscreen

Microsoft Corp.'s (NASDAQ: MSFT) Windows 7 operating system was released last week to great reviews -- unlike the company's previous effort, Vista. But what most analysts may not realize is that this is not just another "point and click" effort for Microsoft -- the company wants computer users to get used to touchscreens instead of keyboards and mice. Windows 7 was built with this in mind, although most don't realize it.

Continue reading Microsoft's Windows 7 will help popularize the PC touchscreen

Caterpillar announces plans to rehire 550 workers

cat workersThere is no question that the recession took its tool on Caterpillar Inc. (NYSE: CAT). The company saw its stock plummet from mid 2008 through March of this year. Along the way the company was forced to layoff employees to help lower costs, but it announced today that it would be rehiring 550 of its laid off workers.

Chief Executive Officer Jim Owens announced the news and stated that the company was pleased that "
signs of recovery in the global economy" is allowing it to bring back some employees.

Continue reading Caterpillar announces plans to rehire 550 workers

On an earnings roll, Netflix eyes streaming video market as new frontier

You got to hand it to Netflix Inc. (NASDAQ: NFLX). At a time when movie rental houses -- chief among them, rival Blockbuster Inc. (NYSE: BBI) -- are struggling to keep their doors open, Netflix is prospering, rolling out new initiatives and finding new ways for video-hungry consumers to watch movies.

On Thursday, co-founder and CEO Reed Hastings told investors on a conference call that the company will soon partner with another consumer-electronics maker to make streaming video available on more devices. That's on top of deals Netflix has already struck with Microsoft Corp. (NASDAQ: MSFT) and its Xbox, which expires next month, and Best Buy Inc. (NYSE: BBY), with its line of Insignia brand Blu-Ray disc players.

Continue reading On an earnings roll, Netflix eyes streaming video market as new frontier

Coca-Cola third quarter earnings preview

coca cola earnings previewSoft drink giant The Coca-Cola Company (NYSE: KO) will be reporting its third quarter numbers tomorrow before the market opens.

The last time that Coca-Cola reported earnings was back in July when the company beat out analyst estimates by 3 pennies with a reported 92 cents per share. For the third quarter, analysts are expecting to the see the company show earnings of 81 cents per share.

Continue reading Coca-Cola third quarter earnings preview

KaChing hopes to be the sound of success

KaChing! KaChing!

It only makes sense to call a company a sound you like to hear. This is exactly what CEO and co-founder Andy Rachleff must have had in mind. His new company -- kaChing, of course -- is backed by Marc Andreesen (a name often associated with that sound) and Jeff Jordan, the CEO of OpenTable (NASDAQ: OPEN), two guys who usually do a solid job of backing winners. But, they've taken on a challenge by backing a company in the financial services industry.

Continue reading KaChing hopes to be the sound of success

Walmart to offer cut-rate mobile phone service

The wireless mobile phone service is a highly lucrative business. Now the competition is heating up with the expansion of service from Wal-Mart Stores Inc. (NYSE: WMT) service.

Walmart will offer prepaid mobile phone service for $30 for 1,000 minutes and $45 for unlimited calling. Walmart will expand service to 3,200 stores from 234. Response to the initial launch was "overwhelming," said Walmart.

Continue reading Walmart to offer cut-rate mobile phone service

Harley-Davidson rumbles on amid painful restructuring

Investors may be bemoaning Harley-Davidson Inc.'s (NYSE: HOG) less-than-rocking earnings report this week, but there are reasons to still cheer the venerable motorcycle maker, whose stock is up 65 percent this year despite lower sales and tumbling profits. Shares rose more than 1 percent in Friday afternoon trading to more than $28 each.

On Thursday, Harley-Davidson said it earned $26.5 million, or 11 cents a share, in the third quarter, down from $166.5 million, or 71 cents a share, a year ago. Third-quarter sales dropped 21 percent to $1.12 billion, but a 21.3 percent drop in worldwide retail deliveries was far better than in the previous quarter, when sales slipped 30 percent worldwide and 35 percent in the U.S.

Continue reading Harley-Davidson rumbles on amid painful restructuring

Quest Diagnostics: Pull-back is Buy opportunity

The nation is on the cusp of historic and civilization-advancing change with the upcoming health care reform bill, and that change bodes well for Quest Diagnostics (NYSE: DGX), which is why I'm reiterating my Buy rating for the company, first recommended on June 25, 2009, at a price of $55.89.

Quest's positive story remains the same: diagnostic tests are at the core of health care services, and even though the number of tests per citizen will likely decline in the years ahead, when one adds 30-45 million more citizens regularly accessing health care services annually, within 10 years, the probability of increased business is high, to say the least.

Continue reading Quest Diagnostics: Pull-back is Buy opportunity

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Last updated: November 04, 2009: 01:15 AM

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