What Happened in the Stock Market Today – The Motley Fool #start

#today stock market

#

What Happened in the Stock Market Today

Source: Yahoo Finance.

Job growth slowed down last month, according to the latest official economic data. Employers added 151,000 jobs in August, below expectations and down significantly from the 275,000 jobs added in July. Still, the longer-term trend is stable. After accounting for revisions, the job market has now grown by an average of 232,000 per month over the past three months. That number will likely figure prominently in the Federal Reserve’s debate over whether or not to raise interest rates after its next meeting, which concludes on September 21 .

Meanwhile, earnings news sent a few stocks sharply lower even as broader indexes rose. These include Verifone (NYSE:PAY ) and Lululemon (NASDAQ:LULU ). which both posted double-digit losses on Friday.

Verifone’s revenue stumbles

Verifone was one of the market’s biggest losers, slumping 16% following disappointing quarterly results. The payments solutions specialist’s sales turned surprisingly negative, with revenue slipping 3% to $493 million. In contrast, CEO Paul Galant and his executive team had projected $515 million of sales. “Q3 was a challenging quarter for Verifone on revenues,” Galant said in a press release on Friday. The good news is that profitability held up, and cost cuts allowed the company to hit its earnings target. Verifone managed a 7% boost in EPS.

Image source: Getty Images.

However, there appear to be persistent challenges surrounding the rollout of the EMV payment platform that handles chip-enabled credit cards. These will continue into the current quarter, Verifone warned, and will be a drag on growth. As a result, full-year revenue will stop at $2 billion, rather than the $2.1 billion they forecast in late May. Projected earnings got a bigger downgrade and will now be roughly $1.65 per share, compared to the prior $1.85 outlook.

Executives are confident that the issues that tripped up sales growth come from a mix of “difficult but temporary local market” issues and a slower than expected introduction of the EMV system. Investors who agree with that assessment might be tempted to take a closer look at this stock, which is down almost 50% in the last twelve months.

Lululemon’s profitability growth

Lululemon’s stock took a step back from all-time highs, dropping 11% after announcing its quarterly earnings results. The retailer had plenty of good news for investors in this report. Comparable store sales growth was 3% — on par with the prior quarter’s result and right within management’s guidance. While it could have been higher, that’s an impressive pace given the weak selling environment for most apparel retailers these days .

Image source: Lululemon.

The company didn’t have to resort to price cuts to keep customer traffic humming along, either. Gross profit margin improved by two percentage points to reach 49% of sales. “The second quarter demonstrated strong results as we delivered sales and EPS at the high-end of our guidance and saw an important inflection in our gross margin,” CEO Laurent Potdevin said in a press release.

Lululemon raised its sales and profit outlook for the rest of the year, but perhaps not by as much as investors had hoped, given the run-up in the stock lately. Shareholders may have been holding out for stronger growth, but with profitably finally climbing after four years of declines, and with inventories down from the prior year, the company is in good shape headed into the key holiday shopping season.

Demitrios Kalogeropoulos has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Lululemon Athletica. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .





What Happened in the Stock Market Today – The Motley Fool #side

#today stock market

#

What Happened in the Stock Market Today

Source: Yahoo Finance.

Job growth slowed down last month, according to the latest official economic data. Employers added 151,000 jobs in August, below expectations and down significantly from the 275,000 jobs added in July. Still, the longer-term trend is stable. After accounting for revisions, the job market has now grown by an average of 232,000 per month over the past three months. That number will likely figure prominently in the Federal Reserve’s debate over whether or not to raise interest rates after its next meeting, which concludes on September 21 .

Meanwhile, earnings news sent a few stocks sharply lower even as broader indexes rose. These include Verifone (NYSE:PAY ) and Lululemon (NASDAQ:LULU ). which both posted double-digit losses on Friday.

Verifone’s revenue stumbles

Verifone was one of the market’s biggest losers, slumping 16% following disappointing quarterly results. The payments solutions specialist’s sales turned surprisingly negative, with revenue slipping 3% to $493 million. In contrast, CEO Paul Galant and his executive team had projected $515 million of sales. “Q3 was a challenging quarter for Verifone on revenues,” Galant said in a press release on Friday. The good news is that profitability held up, and cost cuts allowed the company to hit its earnings target. Verifone managed a 7% boost in EPS.

Image source: Getty Images.

However, there appear to be persistent challenges surrounding the rollout of the EMV payment platform that handles chip-enabled credit cards. These will continue into the current quarter, Verifone warned, and will be a drag on growth. As a result, full-year revenue will stop at $2 billion, rather than the $2.1 billion they forecast in late May. Projected earnings got a bigger downgrade and will now be roughly $1.65 per share, compared to the prior $1.85 outlook.

Executives are confident that the issues that tripped up sales growth come from a mix of “difficult but temporary local market” issues and a slower than expected introduction of the EMV system. Investors who agree with that assessment might be tempted to take a closer look at this stock, which is down almost 50% in the last twelve months.

Lululemon’s profitability growth

Lululemon’s stock took a step back from all-time highs, dropping 11% after announcing its quarterly earnings results. The retailer had plenty of good news for investors in this report. Comparable store sales growth was 3% — on par with the prior quarter’s result and right within management’s guidance. While it could have been higher, that’s an impressive pace given the weak selling environment for most apparel retailers these days .

Image source: Lululemon.

The company didn’t have to resort to price cuts to keep customer traffic humming along, either. Gross profit margin improved by two percentage points to reach 49% of sales. “The second quarter demonstrated strong results as we delivered sales and EPS at the high-end of our guidance and saw an important inflection in our gross margin,” CEO Laurent Potdevin said in a press release.

Lululemon raised its sales and profit outlook for the rest of the year, but perhaps not by as much as investors had hoped, given the run-up in the stock lately. Shareholders may have been holding out for stronger growth, but with profitably finally climbing after four years of declines, and with inventories down from the prior year, the company is in good shape headed into the key holiday shopping season.

Demitrios Kalogeropoulos has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Lululemon Athletica. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .





An Honest Stock Market Update – The Motley Fool #small #business #cards

#stock market update

#

An Honest Stock Market Update

Aug 12, 2014 at 11:16AM

NEW YORK — Stocks gained momentum on Monday, with the Dow Jones Industrial Average closing up 48 points, reversing losses from last week’s decline.

Experts hailed both moves as a “remarkable, textbook example of pure statistical chance,” chalking up Monday’s gains to a couple random marginal buyers being slightly more motivated than a few random marginal sellers.

“Imagine you pick 1 million random people from around the world every day,” said Toby McDade, chief investment officer of Momentum Fee Capital Management. “Some days, 51% would be in a good mood, 49% in a bad mood. The next day maybe it’s the opposite. Other days, random chance could mean 8% of people are really pissed off for no real reason. This is basically what the market is on a day-to-day basis,” he said.

Asked what his clients thought of this view, Mr. McDade laughed. “Oh my God, you think I could tell my clients that? How could I justify my salary?” Clients were told Monday’s gain was caused by a mix of reversing geopolitical instability, shifting uncertainty patterns, a risk-on atmosphere, and a perfect storm of beta meeting sigma. None knew what those words meant.

American corporations earned $4.62 billion of net income on Monday. Financial advisors, analysts, and brokers, collected $630 million in fees. No media outlet reported these figures, despite being the two most important numbers necessary to understanding investing.

A report from the Bureau of Labor Statistics showed the economy added 209,000 jobs last month. An economist from a right-leaning think tank called the report disappointing. Another at a left-leaning organization called it encouraging. Neither has a reputable track record. Both yelled. The jobs report has a margin of error of plus or minus 100,000, and will be revised seven times in the coming years. No one whose outlook was swayed by the report said they care about these details.

Marc Faber appeared on TV predicting a 20% stock market crash within the next six months, repeating a call he has made bi-weekly since the Carter administration. Another pundit explained that his last failed prediction would have been right if only he hadn’t been so wrong. Executives of financial TV networks met to discuss why ratings are at decade lows.

The yield on 10-year Treasury bonds fell from 2.42% to 2.38%. Nobody knows why.

An FDIC report showed banks increased lending last quarter. Analysts called this a new bubble created by the Fed, though it’s what any rational person would expect to see happening during a recovery after a deep recession.

In Nevada, 52-year-old Ronald Palmer put his life savings into gold after spending 10 minutes reading something on Google about inflation written by a guy who learned about inflation by spending 10 minutes on Google.

Nineteen-year-old Travis Baker spent the afternoon day-trading penny stocks because his prefrontal cortex isn’t yet fully developed and he couldn’t recognize risk-reward trade-offs if they hit him in the face.

An army of bloggers reported from their parents’ basements that Apple CEO Tim Cook doesn’t understand technology. Reached out to for comment, Cook giggled, shook his head, and said one of his main regrets in life is not taking the advice of unemployed anonymous bloggers.

Long-term investors finished Monday one day closer to their goals.

Analysts expect the news to be no different tomorrow.

Check back every Tuesday and Friday for Morgan Housel’s columns on finance and economics.

*This article is fake, but just barely.





An Honest Stock Market Update – The Motley Fool #incorporate #a #business

#stock market update

#

An Honest Stock Market Update

Aug 12, 2014 at 11:16AM

NEW YORK — Stocks gained momentum on Monday, with the Dow Jones Industrial Average closing up 48 points, reversing losses from last week’s decline.

Experts hailed both moves as a “remarkable, textbook example of pure statistical chance,” chalking up Monday’s gains to a couple random marginal buyers being slightly more motivated than a few random marginal sellers.

“Imagine you pick 1 million random people from around the world every day,” said Toby McDade, chief investment officer of Momentum Fee Capital Management. “Some days, 51% would be in a good mood, 49% in a bad mood. The next day maybe it’s the opposite. Other days, random chance could mean 8% of people are really pissed off for no real reason. This is basically what the market is on a day-to-day basis,” he said.

Asked what his clients thought of this view, Mr. McDade laughed. “Oh my God, you think I could tell my clients that? How could I justify my salary?” Clients were told Monday’s gain was caused by a mix of reversing geopolitical instability, shifting uncertainty patterns, a risk-on atmosphere, and a perfect storm of beta meeting sigma. None knew what those words meant.

American corporations earned $4.62 billion of net income on Monday. Financial advisors, analysts, and brokers, collected $630 million in fees. No media outlet reported these figures, despite being the two most important numbers necessary to understanding investing.

A report from the Bureau of Labor Statistics showed the economy added 209,000 jobs last month. An economist from a right-leaning think tank called the report disappointing. Another at a left-leaning organization called it encouraging. Neither has a reputable track record. Both yelled. The jobs report has a margin of error of plus or minus 100,000, and will be revised seven times in the coming years. No one whose outlook was swayed by the report said they care about these details.

Marc Faber appeared on TV predicting a 20% stock market crash within the next six months, repeating a call he has made bi-weekly since the Carter administration. Another pundit explained that his last failed prediction would have been right if only he hadn’t been so wrong. Executives of financial TV networks met to discuss why ratings are at decade lows.

The yield on 10-year Treasury bonds fell from 2.42% to 2.38%. Nobody knows why.

An FDIC report showed banks increased lending last quarter. Analysts called this a new bubble created by the Fed, though it’s what any rational person would expect to see happening during a recovery after a deep recession.

In Nevada, 52-year-old Ronald Palmer put his life savings into gold after spending 10 minutes reading something on Google about inflation written by a guy who learned about inflation by spending 10 minutes on Google.

Nineteen-year-old Travis Baker spent the afternoon day-trading penny stocks because his prefrontal cortex isn’t yet fully developed and he couldn’t recognize risk-reward trade-offs if they hit him in the face.

An army of bloggers reported from their parents’ basements that Apple CEO Tim Cook doesn’t understand technology. Reached out to for comment, Cook giggled, shook his head, and said one of his main regrets in life is not taking the advice of unemployed anonymous bloggers.

Long-term investors finished Monday one day closer to their goals.

Analysts expect the news to be no different tomorrow.

Check back every Tuesday and Friday for Morgan Housel’s columns on finance and economics.

*This article is fake, but just barely.





What Happened in the Stock Market Today – The Motley Fool #vending

#today stock market

#

What Happened in the Stock Market Today

Source: Yahoo Finance.

Job growth slowed down last month, according to the latest official economic data. Employers added 151,000 jobs in August, below expectations and down significantly from the 275,000 jobs added in July. Still, the longer-term trend is stable. After accounting for revisions, the job market has now grown by an average of 232,000 per month over the past three months. That number will likely figure prominently in the Federal Reserve’s debate over whether or not to raise interest rates after its next meeting, which concludes on September 21 .

Meanwhile, earnings news sent a few stocks sharply lower even as broader indexes rose. These include Verifone (NYSE:PAY ) and Lululemon (NASDAQ:LULU ). which both posted double-digit losses on Friday.

Verifone’s revenue stumbles

Verifone was one of the market’s biggest losers, slumping 16% following disappointing quarterly results. The payments solutions specialist’s sales turned surprisingly negative, with revenue slipping 3% to $493 million. In contrast, CEO Paul Galant and his executive team had projected $515 million of sales. “Q3 was a challenging quarter for Verifone on revenues,” Galant said in a press release on Friday. The good news is that profitability held up, and cost cuts allowed the company to hit its earnings target. Verifone managed a 7% boost in EPS.

Image source: Getty Images.

However, there appear to be persistent challenges surrounding the rollout of the EMV payment platform that handles chip-enabled credit cards. These will continue into the current quarter, Verifone warned, and will be a drag on growth. As a result, full-year revenue will stop at $2 billion, rather than the $2.1 billion they forecast in late May. Projected earnings got a bigger downgrade and will now be roughly $1.65 per share, compared to the prior $1.85 outlook.

Executives are confident that the issues that tripped up sales growth come from a mix of “difficult but temporary local market” issues and a slower than expected introduction of the EMV system. Investors who agree with that assessment might be tempted to take a closer look at this stock, which is down almost 50% in the last twelve months.

Lululemon’s profitability growth

Lululemon’s stock took a step back from all-time highs, dropping 11% after announcing its quarterly earnings results. The retailer had plenty of good news for investors in this report. Comparable store sales growth was 3% — on par with the prior quarter’s result and right within management’s guidance. While it could have been higher, that’s an impressive pace given the weak selling environment for most apparel retailers these days .

Image source: Lululemon.

The company didn’t have to resort to price cuts to keep customer traffic humming along, either. Gross profit margin improved by two percentage points to reach 49% of sales. “The second quarter demonstrated strong results as we delivered sales and EPS at the high-end of our guidance and saw an important inflection in our gross margin,” CEO Laurent Potdevin said in a press release.

Lululemon raised its sales and profit outlook for the rest of the year, but perhaps not by as much as investors had hoped, given the run-up in the stock lately. Shareholders may have been holding out for stronger growth, but with profitably finally climbing after four years of declines, and with inventories down from the prior year, the company is in good shape headed into the key holiday shopping season.

Demitrios Kalogeropoulos has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Lululemon Athletica. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .





What Happened in the Stock Market Today – The Motley Fool #business

#today stock market

#

What Happened in the Stock Market Today

Source: Yahoo Finance.

Job growth slowed down last month, according to the latest official economic data. Employers added 151,000 jobs in August, below expectations and down significantly from the 275,000 jobs added in July. Still, the longer-term trend is stable. After accounting for revisions, the job market has now grown by an average of 232,000 per month over the past three months. That number will likely figure prominently in the Federal Reserve’s debate over whether or not to raise interest rates after its next meeting, which concludes on September 21 .

Meanwhile, earnings news sent a few stocks sharply lower even as broader indexes rose. These include Verifone (NYSE:PAY ) and Lululemon (NASDAQ:LULU ). which both posted double-digit losses on Friday.

Verifone’s revenue stumbles

Verifone was one of the market’s biggest losers, slumping 16% following disappointing quarterly results. The payments solutions specialist’s sales turned surprisingly negative, with revenue slipping 3% to $493 million. In contrast, CEO Paul Galant and his executive team had projected $515 million of sales. “Q3 was a challenging quarter for Verifone on revenues,” Galant said in a press release on Friday. The good news is that profitability held up, and cost cuts allowed the company to hit its earnings target. Verifone managed a 7% boost in EPS.

Image source: Getty Images.

However, there appear to be persistent challenges surrounding the rollout of the EMV payment platform that handles chip-enabled credit cards. These will continue into the current quarter, Verifone warned, and will be a drag on growth. As a result, full-year revenue will stop at $2 billion, rather than the $2.1 billion they forecast in late May. Projected earnings got a bigger downgrade and will now be roughly $1.65 per share, compared to the prior $1.85 outlook.

Executives are confident that the issues that tripped up sales growth come from a mix of “difficult but temporary local market” issues and a slower than expected introduction of the EMV system. Investors who agree with that assessment might be tempted to take a closer look at this stock, which is down almost 50% in the last twelve months.

Lululemon’s profitability growth

Lululemon’s stock took a step back from all-time highs, dropping 11% after announcing its quarterly earnings results. The retailer had plenty of good news for investors in this report. Comparable store sales growth was 3% — on par with the prior quarter’s result and right within management’s guidance. While it could have been higher, that’s an impressive pace given the weak selling environment for most apparel retailers these days .

Image source: Lululemon.

The company didn’t have to resort to price cuts to keep customer traffic humming along, either. Gross profit margin improved by two percentage points to reach 49% of sales. “The second quarter demonstrated strong results as we delivered sales and EPS at the high-end of our guidance and saw an important inflection in our gross margin,” CEO Laurent Potdevin said in a press release.

Lululemon raised its sales and profit outlook for the rest of the year, but perhaps not by as much as investors had hoped, given the run-up in the stock lately. Shareholders may have been holding out for stronger growth, but with profitably finally climbing after four years of declines, and with inventories down from the prior year, the company is in good shape headed into the key holiday shopping season.

Demitrios Kalogeropoulos has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Lululemon Athletica. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .





An Honest Stock Market Update – The Motley Fool #types #of #business

#stock market update

#

An Honest Stock Market Update

Aug 12, 2014 at 11:16AM

NEW YORK — Stocks gained momentum on Monday, with the Dow Jones Industrial Average closing up 48 points, reversing losses from last week’s decline.

Experts hailed both moves as a “remarkable, textbook example of pure statistical chance,” chalking up Monday’s gains to a couple random marginal buyers being slightly more motivated than a few random marginal sellers.

“Imagine you pick 1 million random people from around the world every day,” said Toby McDade, chief investment officer of Momentum Fee Capital Management. “Some days, 51% would be in a good mood, 49% in a bad mood. The next day maybe it’s the opposite. Other days, random chance could mean 8% of people are really pissed off for no real reason. This is basically what the market is on a day-to-day basis,” he said.

Asked what his clients thought of this view, Mr. McDade laughed. “Oh my God, you think I could tell my clients that? How could I justify my salary?” Clients were told Monday’s gain was caused by a mix of reversing geopolitical instability, shifting uncertainty patterns, a risk-on atmosphere, and a perfect storm of beta meeting sigma. None knew what those words meant.

American corporations earned $4.62 billion of net income on Monday. Financial advisors, analysts, and brokers, collected $630 million in fees. No media outlet reported these figures, despite being the two most important numbers necessary to understanding investing.

A report from the Bureau of Labor Statistics showed the economy added 209,000 jobs last month. An economist from a right-leaning think tank called the report disappointing. Another at a left-leaning organization called it encouraging. Neither has a reputable track record. Both yelled. The jobs report has a margin of error of plus or minus 100,000, and will be revised seven times in the coming years. No one whose outlook was swayed by the report said they care about these details.

Marc Faber appeared on TV predicting a 20% stock market crash within the next six months, repeating a call he has made bi-weekly since the Carter administration. Another pundit explained that his last failed prediction would have been right if only he hadn’t been so wrong. Executives of financial TV networks met to discuss why ratings are at decade lows.

The yield on 10-year Treasury bonds fell from 2.42% to 2.38%. Nobody knows why.

An FDIC report showed banks increased lending last quarter. Analysts called this a new bubble created by the Fed, though it’s what any rational person would expect to see happening during a recovery after a deep recession.

In Nevada, 52-year-old Ronald Palmer put his life savings into gold after spending 10 minutes reading something on Google about inflation written by a guy who learned about inflation by spending 10 minutes on Google.

Nineteen-year-old Travis Baker spent the afternoon day-trading penny stocks because his prefrontal cortex isn’t yet fully developed and he couldn’t recognize risk-reward trade-offs if they hit him in the face.

An army of bloggers reported from their parents’ basements that Apple CEO Tim Cook doesn’t understand technology. Reached out to for comment, Cook giggled, shook his head, and said one of his main regrets in life is not taking the advice of unemployed anonymous bloggers.

Long-term investors finished Monday one day closer to their goals.

Analysts expect the news to be no different tomorrow.

Check back every Tuesday and Friday for Morgan Housel’s columns on finance and economics.

*This article is fake, but just barely.