Further developments out of Ukraine could weigh heavily on the markets today. That said, it’s a busy day for earnings, so let’s get to the five stories you need to know to make your day profitable.
Markets plunged on Thursday despite positive economic data on unemployment benefits.
Owning some gold has long been a part of the Money Morning investing philosophy. After all, gold offers some insurance against the dollar-debasing policies of the U.S. Federal Reserve.
Monday, the U.S. Treasury Department sold off its remaining shares in General Motors (NYSE: GM), closing a chapter of the auto industry bailout with a cringe-worthy $10.5 billion loss of taxpayer dollars.
The trend of companies in America hoarding cash keeps growing.
The 10 U.S. companies with the most cash reported a combined $540 billion in cash, cash equivalents, and short-term investments in their last quarterly reports. That’s up nearly 3.7% in just the last quarter.
These cash hoards are why activist investors like Carl Icahn have been pushing companies’ boards to share their wealth with stockholders.
Thursday, micro-blogging site Twitter (NYSE: TWTR) will debut as a publicly traded company on Wall Street’s Big Board. Many analysts – including those at Money Morning – will steer clear of the hotly anticipated IPO – but TWTR has had no trouble generating investor interest.
The San Francisco-based company even increased its price range Monday on roughly 70 million shares from $17 to $20 per share to $23 to $25. The move values the company at a whopping $13.9 billion, or 26 times its revenue over the last 12 months. Twitter hopes to raise as much as $1.75 billion.
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. If Apple Inc. (Nasdaq: AAPL) actually does what many now expect – raise the Apple stock dividend as much as 56% – it could help inspire a trend of givebacks by other cash-rich companies. Looking at the company’s…
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. General Motors Company ( GM – Analyst Report ) plans to open a new information technology (“IT”) innovation center in the Phoenix suburb of Chandler in order to support all its information technology needs, including Web technologies, dealer…
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. The Dow Jones Industrial Average set another fresh high when the stock market today (Friday) opened up, thanks to a stronger-than-expected jobs report. Right out of the gate, the Dow was up 80.93 points, or 0.56%, at 14,410.42.…