The Buzz - Investment and Stock Market News

Sony shares rally as Loeb ups his stake

2013-06-18T18:38:05Z

You're doing better Sony (SNE), but not good enough... yet.

That's the latest message from Dan Loeb, the firebrand hedge fund manager known for vociferously agitating for changes at some of the world's largest tech firms.

In a sign of "increased confidence," Loeb's Third Point hedge fund increased its stake in Sony to 70 million shares, or roughly 7%, from 6% in May.

Related: Hedge fund targets Sony for spin-off

At least part of MORE

HP, Cisco and other tech dinosaurs roar

2013-06-18T17:01:43Z

The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.

This column is not about what the Federal Reserve is going to do next or the future of Fed chair Ben Bernanke. Capisce?

Investors have blinders (not referring to former Fed vice chair Alan) on right MORE

Look out Tesla, there's a new kid in town.

2013-06-17T15:04:26Z

Electric cars are becoming all the rage. And this time, it's not about Tesla.

Chinese electric vehicle maker Kandi Technologies (KNDI) has been moving ahead with an aggressive plan to bring 5,000 to 10,000 electric vehicles to market in the next year or so.

And Kandi's stock has nearly doubled since June 1. Seems like it's not just Americans who are enamored with the idea of 'plug and drive.'

StockTwits traders sure MORE

Groupon is back from the dead

2013-06-14T15:58:26Z

Groupon (GRPN) used to be the laughing stock of social media firms. Lousy earnings reports. Accounting issues. A CEO who just seemed a little too green to be dealing with Wall Street.

Those days appear to be over. Shares of the daily deal site surged more than 13% Friday after Deutsche Bank upgraded the stock to a "buy." Groupon is now up 60% year-to-date and is 200% above its 52-week low. MORE

Market volatility creating buying opportunity

2013-06-14T14:31:42Z

The recent ups and downs in the stock market may be frustrating, but one strategist said the break in the rally is also creating an attractive entry point for investors who remained on the sidelines during the first few months of the year.

"The market has been up, but a majority of investors have not participated," said Nathan Rowader, director of investments and senior market strategist at Forward Management, an investment MORE

Gold prices drop 1%. Is $1,150 next?

2013-06-13T19:04:35Z

U.S. stocks were able to evade the rout in Asia, but gold wasn't so lucky.

In fact, the precious metal has been one of the most jittery asset classes this year.

Gold prices plunged to a two-year low in April on worries about slowing growth in China. Investors also shunned gold in favor of stocks, which have had a record-setting run this year...before all the recent volatility.

Gold prices dropped more than 1% MORE

Fed tapering should help, not hurt, the dollar

2013-06-13T17:02:20Z

Taper taper taper. Yen yen yen. The world's financial markets are obsessed with just two things right now: the potential beginning of the end of the Federal Reserve's bond purchases and what Japan's currency is MORE

First Solar gets burned on stock offering

2013-06-12T14:54:37Z

Shares of First Solar cooled Wednesday after the solar panel maker said it planned to sell 8.5 million shares in a secondary stock offering.

Secondary offerings are always good news-bad news situations.

First the good news. First Solar's stock has rallied nearly 70% this year, ahead of the offering. Demand for solar panels has been growing. The company swung to a profit in the first quarter.

That creates prime conditions for the company MORE

Dole's stock goes bananas over CEO's bid

2013-06-11T18:30:17Z

Investors welcomed Dole CEO David Murdock's bid to take the international fruit company private Tuesday.

Murdock offered $12 a share for the remaining 60% of Dole (DOLE) that he doesn't already own. Murdock returned to the helm of Dole earlier this year after David DeLorenzo left to lead Dole's Asia packaged food business as part of its sale to Itochu Corp. in Japan.

jasonzweig you're as young as you feel: MORE

Investors love the CEO merry-go-round

2013-06-11T22:12:24Z

What do many of the best performing stocks of this year have in common? Some fresh blood in the executive suite. The faster the CEO merry-go-round turns, the better!

Five of the top 10 stocks in MORE