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Consumer Confidence Hits Three-Month Low

consumer confidenceConsumer confidence fell more than expected during the month of March, hitting a new three-month low as high gasoline prices weigh on the minds on consumers.

The Conference Board's consumer confidence index read 74 during February, but dipped in March all the way down to 63.4. Going into today's reading, analysts had been expecting to see the consumer confidence index decline, but only to 65.

Continue reading Consumer Confidence Hits Three-Month Low

What Movie Theaters Don't Want You to Know About the $6 Popcorn!

popcornMovie theaters don't want you to know how many calories are in the popcorn and that's why they are resisting FDA attempts at requiring disclosures. If the FDA required scales in front of the popcorn counters, or that all popcorn be sold with free carrots, I might side with the theaters, but requiring one of those small nutritional information panels on the back of the popcorn bucket -- eaten in a darkened theater -- hardly seems oppressive to me.

I'm all for free choice and I don't want to take away anyone's jumbo popcorn as they go to the movies -- unless, of course, I get to eat some of it.

Continue reading What Movie Theaters Don't Want You to Know About the $6 Popcorn!

Best Buy Faces a Bleak Future

Best Buy (BBY) logoBest Buy (BBY) captures one third of U.S. consumer electronics sales, according to the Wall Street Journal (subscription required). That's the good news.

But now Best Buy is losing market share. You are probably wondering why this has happened. After all since Circuit City evaporated into bankruptcy, you would think that Best Buy would be king of the hill. Not so. Other trends are developing that are eroding Best Buy's territory. Here are a few them:

Continue reading Best Buy Faces a Bleak Future

Will Rising Gas Prices Hurt the U.S. Economy?

gasoline pricesGas prices are rising and show no signs of coming back down. In fact the predictions are for higher prices to come. At the moment, gasoline averages $3.542 per gallon, according the the AAA motorist group, as reported by CNNMoney.

The highest recorded nationwide price was $4.114 on July 17, 2008. Forecasters are looking for the $4.00 per gallon marker to be hit by this summer.

Continue reading Will Rising Gas Prices Hurt the U.S. Economy?

e-Book Lending -- the Next New Thing

The publishing industry is experiencing an new and booming business in e-books. According to Forrester Research, consumers spent $1 billion on e-books in 2010. That number is expected to triple by 2015. In the US there were about 10 million e-readers in circulation in 2010, triple that of 2009.

The two leading players in the e-reader market are Amazon (AMZN) with its Kindle and Barnes and Noble's (BKS) Nook. With these readers a single reader can use the reader or a friend can be added as long as they know each other's email, according to the Wall Street Journal.

Continue reading e-Book Lending -- the Next New Thing

Ford's New GPS System Is a Super Gas Saver

Ford logoDo you use a GPS System in your car? If not, here are some points to consider. GPS systems give you the shortest distance to your destination. With gas nearing $4.00 per gallon, a GPS could save you priceless gas and save you money.

Yet, using a GPS does not always ensure a gas savings. Take for example a traffic jam. While your GPS is giving you the shortest route, you could waste a lot of gas sitting for hours in tied up traffic.

Continue reading Ford's New GPS System Is a Super Gas Saver

Small Lines for Verizon's iPhone Launch Could Be Deceiving

Verizon (VZ) logoYesterday marked a pretty big day for Verizon Communications Inc. (VZ), as customers could finally walk into a Verizon store and pick up an iPhone. Some analysts had expected to see some long lines, but they did not materialize, creating the impression that the launch was less than successful, but looks can be deceiving.

It is easy to understand where the confusion comes from. In the past, whenever Apple released a new iPhone we saw long lines and often not even supply to cover the launch date demand, resulting in long waits for eager iPhone fanatics to get their hands on the new smartphone.

Continue reading Small Lines for Verizon's iPhone Launch Could Be Deceiving

Walmart Joins the iPhone Party

Walmart (WMT) logoTomorrow is a big day for Verizon (VZ) customers who have been waiting to get their chance to join the iPhone revolution, and we now learn that Wal-Mart Stores (WMT) will also be carrying the Verizon iPhone 4 at 600 retail stores across the nation.

As of today, when you visit Apple's (AAPL) website you are given the option to order an iPhone for use on either AT&T (T) or Verizon, with the price being the same for either option.

Continue reading Walmart Joins the iPhone Party

Higher Commodity Prices Are Grabbing Your Money

This year get ready to open your wallet wider and expect higher credit card bills for the basics like food, clothing and energy. You are probably wondering what is going on. While you weren't paying much attention, the price raw commodities surged in 2010. Corn, sugar, wheat, cotton, coffee and soybeans prices soared last year, as reported in the Wall Street Journal.

A confluence of factors pushed prices up. We had and still have demand explosion from China and India. The United Nations Food and Agriculture Organization's monthly food index which monitors a basket of commodities including meat, dairy and sugar rose for the sixth straight month to a record.

Continue reading Higher Commodity Prices Are Grabbing Your Money

Are Credit Card Interest Rates Too High?

Are credit card rates too high? The answer is a resounding YES! The Federal Reserve just gave the banks $600 billion in cash in the form of a second round of quantitative easing. What are they doing with it? Raising the rates on credit cards, of course, so they can turn that $600 billion into $1.2 trillion in four years.

You are probably wondering how they are doing this. It's very simple. If you use the rule of 72s, at 18%, money doubles itself every four years (you divide 72 by the rate of interest).

Continue reading Are Credit Card Interest Rates Too High?

More Investment Strategies for 2011

Economist Gary Shilling has agreed to share with BloggingStocks his 18 investment strategies for 2011, beginning with Gary Shilling's Investment Strategies for 2011. But he will only be revealing them a little at a time, over the next few weeks, so check back often!

My investment strategies for 2011 are driven by my forecasts for the economies and financial markets here and abroad. In my view, the overarching reality that will dominate 2011 and, indeed, the next decade or so is financial deleveraging, as spelled out in my new book, The Age of Deleveraging: Investment Strategies for a Decade of Slow Growth and Deflation, which was published in November 2010 by John Wiley & Sons.

Continue reading More Investment Strategies for 2011

Starbucks: New Size, New Payment Method

Starbucks (SBUX)It's not enough to be on every metropolitan street corner; now Starbucks (SBUX) is trying to be even bigger (in one sense of the word) -- and faster, too. Thirsty folks longing for a Big Gulp­-style coffee beverage are in luck as the Seattle-based coffee chain is set to roll out its new "Trenta" size for iced drinks.

The new size, seven ounces bigger than the Venti, will be 31 ounces. Trenta, by the way, means "thirty" in Italian. It's also a valley in Slovenia and a small town in the Italian province of Cosenza. This new size trumps Dunkin Donuts, which offers its iced beverages in 24-ounce serving sizes.

Continue reading Starbucks: New Size, New Payment Method

Apple Hits New High as 10 Billionth Download Approaches

app storeApple Inc. (AAPL) has had tremendous success with its App store, and it is once again approaching a major milestone as the company's stock continues to soar and set yet another 52-week high today.

Apple stock closed the day at its new 52-week high of $348.48, up 0.8% on the day.

Continue reading Apple Hits New High as 10 Billionth Download Approaches

Blizzard Hits Retailers Hard

2010 blizzard cost retailers $1 billionOver the past week, people in the Northeast have been dealing with the after math of the blizzard that struck over the holiday weekend, but even worse hit are retailers that lost out on huge post-Christmas holiday shopping as people were forced to stay at home.

While it is impossible to put an exact number on just how much retailers lost out on, ShopperTrak, who tracks sales and customer traffic at over 70,000 stores and malls, estimated that retailers lost around $1 billion during the blizzard.

Continue reading Blizzard Hits Retailers Hard

Chasing Value: GameStop's Demise Not Imminent, Just Inevitable

It was September 29 when I last wrote about GameStop (GME) in Chasing Value: Are GameStop's Days Numbered? At that time I strongly believed "The demise of GameStop is not imminent -- but it's inevitable." My opinion of this outlet for new and used video games has indeed changed since that time.

I now believe even more fervently that GameStop the gamer is a goner. If you own it, you are playing a game of chicken to see if you make a few bucks with GME as it bounces up and down before it sinks. A word of caution is in order: timing the market as a strategy is a losing proposition the majority of the time.

Continue reading Chasing Value: GameStop's Demise Not Imminent, Just Inevitable

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Symbol Lookup
IndexesChangePrice
DJIA-9.2115,297.96
NASDAQ-7.953,455.35
S&P 500-6.371,648.98

Last updated: May 23, 2013: 12:05 PM

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