Wrapping up a volatile week on Wall Street, investors saw big swings in Chipotle, Under Amour, Facebook, Amazon and Google.
While Alibaba may be more of a focus for Yahoo than the core business, there is no question that the underlying trends are not strong. Meanwhile, Google and Facebook remain favorites and are buyable for the long-term.
Emerging market question marks remain front & center. And while countries like Argentina and Turkey are dominating headlines, front & center is none other than China, with worries of slowing economic growth, with the factory sector contracting in January for the first time in six months. The emerging market question marks seem to be issue number one for the market right now, particularly as taper has been expected and is gradual.So, when thinking about China: When panic sets in, we turn to company-specific data. Ultimately, broader economic read concerns will dominate headlines, but let's turn back to some positive data we have gotten from individual companies, as there has been a good deal of positive news flow:
Take a quick look at my video, rounding up market movers this morning
U.S. markets set to open in the green and Caterpillar shares move higher on an earnings beat.
The divergence between McDonald's and Starbuck's at these levels couldnt be greater
When you look at Netflix's current price of $389, an all-time high for the company, and compare it with the high $40 price range back in 2009, there's no question that this one has been a clear winner.But that simple comparison ignores the many ups and downs the stock has taken... and it is the ups and downs that provide a good lesson for opportunities when it comes to momentum stocks...
It's just a couple of weeks into 2014, and activism is already dominating headlines.We got word earlier this week that activist investor Nelson Peltz is joining the Mondelez board. Trian's Peltz had been pushing for a merger of Mondelez with Pepsi's snack business-- and while he will drop this push now having a position on the board, Peltz will still push for margin improvement and top-line growth. Next up, Third Point's Dan Loeb has taken a large stake in Dow Chemical with a push for the company to sell off its petrochemical business. Remember, we have seen strong value creation from Dupont and PPG Industries as they have become more specialty chemical companies. And then, Carl Icahn, who is also adding to his Apple stake, submitted a proposal to Ebay to spin off its PayPal business and nominated two of his employees as candidates for the board. Or how about Elliott management coming after Riverbed Technology and Juniper Networks...
TheStreet's Senior Stock Analyst Nicole Urken breaks down earnings reports from IBM, Coach, and Nuance Communications.
Today's market ended with the Dow Jones Industrial Average down 44 points while the S&P was in fact up 0.28%. Why the divergence? Key Dow components reported quarters that were seen as disappointing, but ultimately, as I highlight below, these names are still well positioned and we still see an underlying healthy market.