NEW YORK (TheStreet) — The following stocks hit 52-week lows on Tuesday: J.C. Penney, Consol Energy, Dell, Abercrombie & Fitch, Jos. A Bank, Juniper Networks and Electronic Arts.
Zynga, meanwhile, is at its lowest since its initial public offering in December.
J.C. Penney …
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Continued here: Stocks Stumbling to 52-Week Lows: J.C. Penney, Dell
NEW YORK (TheStreet) — Coal doesn’t know if it will vote for President Obama in November.
That’s what the headline probably should have said, but the Republican National Committee’s Wednesday email blast made it appear that Democrats have scuffled to the sideline in supporting Obama for 2012.
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View post: Why Coal Prevents West Virginia Democrats From Endorsing Obama
NEW YORK (TheStreet) — So April turned out to be at least uncooperative, if not cruel, and now May is upon us. Should investors head for the exits or skip summer vacation this year?
Sam Stovall, chief equity strategist at S&P Capital IQ, tackled this question on Monday, noting the performance data does seem to back up the “sell in May” part of the old trading adage.
“Over the past 67 years, the S&P 500′s performance in May has been a bit lackluster, recording an average advance of only 0.31% vs. the average gain of 0.67% for all months, thereby ranking it eighth,” Stovall wrote. “The frequency of a monthly advance has also been slightly sub-par at 57% versus the average 59%.”
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Continued here: Market Preview: Stay for May?
Credit Suisse isn’t on board with recent talk about coal hitting a bottom (I, II), as the firm cuts its 2012 met coal forecast by ~3% (2013 unchanged), its seaborne thermal coal price by ~10% in both 2012 and 2013, and its U.S. thermal coal price by an average of 11% for 2013. Coal shares took a drubbing today: ANR -2.6%, BTU -3.3%, ACI -6%, CLD -3.9%. Post your comment!
Read more: Credit Suisse isn’t on board with recent talk about coal hitting a bottom (I, II), as the firm cuts its 2012 met coal forecast by ~3% (2013 unchanged), its seaborne thermal coal price by ~10% in both 2012 and 2013, and its U.S. thermal coal price by…