The 5 Dumbest Things on Wall Street This Week: May 24
In-flight needs of Abercrombie's CEO; Rupert Murdoch nurses a grudge; a Senate committee convenes to point out its own ignorance; and that's not all.
Local Business News
National Top Stories
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IShares Emerging Markets High Yield Bond Fund Breaks Below 200-Day Moving Average - Notable For EMHY
In trading on Friday, shares of the iShares Emerging Markets High Yield Bond Fund ETF crossed below their 200 day moving average of $54.57, changing hands as low as $54.51 per share. iShares Emerging Markets High Yield Bond Fund shares are currently trading off about 0.1% on the day.
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Fundamental Investment Grade Corporate Bond Portfolio Breaks Above 200-Day Moving Average - Bullish For PFIG
In trading on Friday, shares of the Fundamental Investment Grade Corporate Bond Portfolio ETF crossed above their 200 day moving average of $25.69, changing hands as high as $25.72 per share. Fundamental Investment Grade Corporate Bond Portfolio shares are currently trading up about 0.6% on the day.
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Notable Two Hundred Day Moving Average Cross - FCA
In trading on Friday, shares of the First Trust China AlphaDEX Fund ETF crossed below their 200 day moving average of $22.78, changing hands as low as $22.50 per share. First Trust China AlphaDEX Fund shares are currently trading down about 1.4% on the day.
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Shares Of MBG Now Oversold
In trading on Friday, shares of the SPDR Barclays Mortgage Backed Bond ETF entered into oversold territory, changing hands as low as $26.94 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
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EBND Crowded With Sellers
In trading on Friday, shares of the SPDR Barclays Emerging Markets Local Bond ETF entered into oversold territory, changing hands as low as $32.30 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
Aerospace & Defense
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United Taunts Delta: We Lead in New York Flat-Bed Seats
Delta celebrates the opening of its new JFK terminal on Friday, but United says it is New York's home-town airline.
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Boeing's Steadiest Offense Is Defense
Sports remind us that defense wins championships. It works in the stock market, too.
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Bigger Guns Mean Bigger Profits for Investors
The defense industry can protect your portfolio as well as your country.
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Defense Stocks Survive Sequester Cuts
View this week's aerospace stocks' multiyear highs as an opportunity to book profits.
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One of the Big Four Defense Stocks Is Priced to Buy
The Big Four defense stocks have been riding high lately, but one of them looks particularly attractive right now.
Real Estate
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44% of Homeowners With a Mortgage Can't Sell: Zillow
Many homeowners can't afford to sell their homes, constraining supply and prompting a rise in home prices.
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Fannie Freddie Rally Returns With a Vengeance
Fannie shares now up 700% year to date, while preferred shares lag.
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Taubman's Tasty Preferred Shares
The common shares of the shopping-mall owner are expensive, but its preferred shares are worth a look.
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Apax Partners Retreads Rue21 Amid Retail Buyout Boom
Rue21 has agreed to its second buyout by private equity firm Apax Partners.
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Starwood Upgraded as Capital Return Eyed
Hotelier seen sitting on $7 in excess capital that could be returned to shareholders.
Jim Cramer's Investing Ideas
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Cramer: Looks Like We're Holding Our Own
The CEO of a railroad giant reveals the U.S. economy to be very much on the right track.
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Cramer's Top Stock Picks: UNP CRM MWE HPQ ECOM
Cramer is riding the Union Pacific, thinks MarkWest is a great MLP and is in the clouds over Salesforce.com.
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'Mad Money' Lightning Round: Lumber Liquidators Is a Buy
Cramer loves ConocoPhillips and thinks Rentech Nitrogen is a keeper.
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Cramer's 'Mad Money' Recap: The Market and the Machines
U.S. markets are no longer bound to other countries, Cramer said, but now the machines are in control.
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'Mad Money' Lightning Round: I Like CVS Over Rite Aid
Cramer wants you to wait on Corning and AT&T and he's watching Oracle.
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Millennials Won't Be Debt Free Until They Die
The real culprit is credit card debt, which stifles economic growth of younger Americans, a study says.
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Hard Truth: 'Work-Life' Balance Is Way Overrated
If everyone spent their time just perusing happiness, nothing would get done.
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7 Things Students and Parents Should Do Before College Starts
College should keep kids plenty busy. So they'd better be prepared fiscally before classes start.
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5 Memorial Day Alternatives In Troubled Hotspots
Memorial Day has healing potential for stricken spots across the country.
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5 Great Outdoor Brunches Across the U.S.
Nothing beats brunch on a fabulous patio or in the courtyard of one of the nation's top restaurants and hotels.
Technology
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TheDeal: Dish Don't Scare, Feds Say
Dish's efforts to scare off Softbank from buying Sprint aren't valid, say Washington attorneys monitoring the government's investigation.
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Procter & Gamble Replaces CEO Bob McDonald: Ahead of the Ticker
Procter & Gamble announces it is replacing Chairman and CEO Bob McDonald with former chief A.G. Lafley.
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Gundlach: 'We Own Apple' (Update 2)
DoubleLine's Jeffrey Gundlach says in an exclusive interview that his portfolio owns Apple, and the stock is priced for no new products.
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Google May Follow Apple on Tax-Dodging Dividend
Google is the biggest company in the U.S. without a dividend, but that may change.
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The Market Is Waking Up to Cisco
The case can be made that Cisco shares have a fair market value of about $35.
Today’s Top Videos
Taxes & Regulations
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Tesla Is Just a Winning Stimulus as Fourth U.S. Automaker Emerges
Why taxpayers will only be able to view Tesla as a winning stimulus.
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Why JPMorgan Will Always Be a Better Villain Than Apple
'We love the iPhone and the iPad,' isn't a great way to shame a company.
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Apple Would Do Better Spending that Cash
Apple's should step out of a politically charged debate on taxation and into growth mode.
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Workers Know It: In Retirement Planning, They're On Their Own
Workers are taking responsibility for their finances at levels unseen in recent history, a study shows.
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Why the End of 'Craft' Beer Is Just a Tax Break Away
In this civil war, it's brewer against brewer and the BEER Act against the Small BREW Act in Washington, D.C.
Your Career
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Hard Truth: 'Work-Life' Balance Is Way Overrated
If everyone spent their time just perusing happiness, nothing would get done.
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5 Things to Know About Small Business This Week: May 24
The SBA steps up lending to military veterans; Google plans to transform small business; is there disaster aid for Okla. small businesses?; Quiznos/Smashburger founders' debut pizza concept; young employees' need mentoring.
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What You Wear to the Office Still Matters
A study shows 80% of U.S executives still say clothing choices are a big factor in hiring and promotions
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14 Good Jobs That Don't Require a College Degree
New study identifies good careers where a high school diploma is enough.
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The Deal: Airline Unions Sign Pact To Ward Off Teamsters
Unions representing US Air and American ground workers agreed to work together to head off a Teamster takeover.
Markets
NEW YORK (TheStreet) -- U.S. stocks posted their first weekly decline in five weeks on concern the Federal Reserve may wind down its stimulus program, while data showed weakness in China's manufacturing base, adding to doubts about the pace of the global economic recovery.
The S&P 500 finished down 0.05% to 1,649.61, off 1.07% for the week and posting its first three-day losing streak of the year. The weekly decline was the first since the week ended April 19.
TheDow Jones Industrial Average managed to squeeze into positive territory, settled up 0.06% to 15,303.10 and inching down 0.33% for the week while the Nasdaq closed down 0.01% to 3,459.14, off 1.14% for the week.
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