Wall Street has had some good days, enjoying the fruits of booms and bubbles. But it's not an easy industry. They've had their fair share of bad days. Some really awful ones, in fact.
Last week I asked David Cowen, CEO of the Museum of American Finance and a financial historian, when Wall Street's low point was. Have a look. (A transcript follows.)
Morgan Housel: Between the Great Depression and 2008, what do you think the low point for Wall Street has been?
David Cowen: Morgan, geez, the low point. Well, there's two ways, maybe, I would think about that. One is if we look at the compendium of the history of the period that you chose and you asked me for a low point, the first thing I'd say is at the low point of the Great Depression. And there's a particular date of an economic historian -- financial historians think about July 8, 1932. The market lost almost 90% of its value.
And yes, for every buyer there's a seller, but that's the point in time when the sellers were most bearish on everything, so there is a defined low point in that horrible period. But isn't that so personal to the period you live through? And so if you asked me recently, we're in the midst of a five-year credit crisis to an individual who's lived through it, it's their personal issue of when they may have hit their low point in this, and some of them are probably still at their low point.
Hot Rising Stocks For 2016: Tupperware Corporation(TUP)
Tupperware Brands Corporation operates as a direct seller of various products across a range of brands and categories through an independent sales force. The company engages in the manufacture and sale of kitchen and home products, and beauty and personal care products. It offers preparation, storage, and serving solutions for the kitchen and home, as well as kitchen cookware and tools, children?s educational toys, microwave products, and gifts under the Tupperware brand name primarily in Europe, Africa, the Middle East, the Asia Pacific, and North America. The company provides beauty and personal care products, which include skin care products, cosmetics, bath and body care, toiletries, fragrances, nutritional products, apparel, and related products principally in Mexico, South Africa, the Philippines, Australia, and Uruguay. It offers beauty and personal care products under the Armand Dupree, Avroy Shlain, BeautiControl, Fuller, NaturCare, Nutrimetics, Nuvo, and Swissgar de brand names. The company sells its Tupperware products directly to distributors, directors, managers, and dealers; and beauty products primarily through consultants and directors. As of December 26, 2009, the Tupperware distribution system had approximately 1,800 distributors, 61,300 managers, and 1.3 million dealers; and the sales force representing the Beauty businesses approximately 1.1 million. The company was formerly known as Tupperware Corporation and changed its name to Tupperware Brands Corporation in December 2005. The company was founded in 1996 and is headquartered in Orlando, Florida.
Advisors' Opinion:- [By Monica Gerson]
Tupperware Brands (NYSE: TUP) is expected to report its Q3 earnings at $1.03 per share on revenue of $623.34 million.
Varian Medical Systems (NYSE: VAR) is projected to post its Q4 earnings at $1.12 per share on revenue of $779.02 million.
- [By Arie Goren]
After running this screen on May 21, 2013, before the markets' open, I discovered the following eight stocks: Sunoco Logistics Partners LP (SXL), Leggett & Platt Inc (LEG), Copa Holdings SA (CPA), RPC Inc. (RES), Tupperware Brands Corp. (TUP), Herbalife Ltd. (HLF), John Wiley & Sons Inc. (JW.A) and C.H. Robinson Worldwide Inc. (CHRW).
Top 5 Value Companies To Buy For 2015: Schlumberger N.V.(SLB)
Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industries worldwide. The company?s Oilfield Services segment provides exploration and production services; wireline technology that offers open-hole and cased-hole services; supplies engineering support, directional-drilling, measurement-while-drilling, and logging-while-drilling services; and testing services. This segment also offers well services; supplies well completion services and equipment; artificial lift; data and consulting services; geo services; and information solutions, such as consulting, software, information management system, and IT infrastructure services that support oil and gas industry. Its WesternGeco segment provides reservoir imaging, monitoring, and development services; and operates data processing centers and multiclient seismic library. This segment also offers variou s services include 3D and time-lapse (4D) seismic surveys to multi-component surveys for delineating prospects and reservoir management. The company?s M-I SWACO segment supplies drilling fluid systems to improve drilling performance; fluid systems and specialty tools to optimize wellbore productivity; production technology solutions to maximize production rates; and environmental solutions that manages waste volumes generated in drilling and production operations. Its Smith Oilfield segment designs, manufactures, and markets drill bits and borehole enlargement tools; and supplies drilling tools and services, tubular, completion services, and other related downhole solutions. The company?s Distribution segment markets pipes, valves, and fittings, as well as mill, safety, and other maintenance products. This segment also provides warehouse management, vendor integration, and inventory management services. Schlumberger Limited was founded in 1927 and is based in Houston, Texas.
Advisors' Opinion:- [By Rich Duprey]
Oil and gas industry services providers Cameron International (NYSE: CAM ) and Schlumberger (NYSE: SLB ) announced today that their�OneSubsea joint venture had received all required regulatory approvals and that they'll close on the JV on�June 30.
- [By Monica Wolfe]
Schlumberger NV (SLB)
Manning & Napier Advisors��largest position is in Schlumberger where they maintain 8,882,428 shares. Their position in Schlumberger represents 3.6% of their total portfolio and 0.67% of the company�� shares outstanding. During the first quarter the fund made a reduction of -3.32% by selling 305,133 shares of the company�� stock. They sold these shares in the first quarter price range of $86.16 to $97.96, with an estimated quarterly price of $90.27. Since then the price per share is up approximately 13.1%. Manning & Napier�� historical holding history:
- [By Arjun Sreekumar]
For instance, though oilfield services firms Schlumberger (NYSE: SLB ) and Halliburton (NYSE: HAL ) have shown a keen interest in developing China's shale resources, the absence of clearly defined and enforceable patent and property protection laws has given them reason to pause. �
- [By Holly LaFon]
For the 12-month period ending June 30, 2014 the Russell 3000庐 Index rose 25.22%. The Davis Opportunity Fund significantly outperformed the Index over this shorter time period as well.1 On a sector basis, consumer discretionary and information technology were the leading contributors to performance. Individual contributors for this period included Google�(GOOG), (GOOGL), (a global leader in online search), Wells Fargo (WFC), (a U.S.-based financial services firm), Schlumberger (SLB), (a leading global energy services company), UnitedHealth Group (UNH), (the largest health care insurance business in the United States), Vipshop Holdings (VIPS), (a Chinese online retailer), and Textron (TXT), (a U.S.-based industrial conglomerate).2 Detractors included Experian PLC (EXPN), (a leading global consumer credit bureau), Angie�� List (a U.S.-based online small business ratings service), and Amazon.com (AMZN), (a U.S.-based global e-commerce business).
Top 5 Value Companies To Buy For 2015: Caterpillar Inc.(CAT)
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. It operates through three lines of businesses: Machinery, Engines, and Financial Products. The Machinery business offers construction, mining, and forestry machinery, including track and wheel tractors, track and wheel loaders, pipelayers, motor graders, wheel tractor-scrapers, track and wheel excavators, backhoe loaders, log skidders, log loaders, off-highway trucks, articulated trucks, paving products, skid steer loaders, underground mining equipment, tunnel boring equipment, and related parts. It also manufactures diesel-electric locomotives; and manufactures and services rail-related products and logistics services for other companies. The Engines business provides diesel, heavy fuel, and natural gas reciprocating engines for Caterpillar machinery, electric power generation systems, marine, petrol eum, construction, industrial, agricultural, and other applications. It offers industrial turbines and turbine-related services for oil and gas, and power generation applications. This business also remanufactures Caterpillar engines, machines, and engine components; and offers remanufacturing services for other companies. The Financial Products business provides retail and wholesale financing alternatives for Caterpillar machinery and engines, solar gas turbines, and other equipment and marine vessels, as well as offers loans and various forms of insurance to customers and dealers. It also offers financing for vehicles, power generation facilities, and marine vessels. The company markets its products directly, as well as through its distribution centers, dealers, and distributors. It was formerly known as Caterpillar Tractor Co. and changed its name to Caterpillar Inc. in 1986. Caterpillar Inc. was founded in 1925 and is headquartered in Peoria, Illinois.
Advisors' Opinion:- [By Alex Planes]
Big labor loses big
On April 14, 1992, the same day its future Dow compatriot beat back Apple's (NASDAQ: AAPL ) legal assault, Caterpillar (NYSE: CAT ) gained a critical victory against the United Automobile Workers union. More than 12,000 workers stopped picketing Caterpillar's Peoria, Ill., plant, despite having called the company's offer "a mean-spirited proposal" up until the end of the strike. The five-month action was the first in a series of major union efforts against the heavy-equipment manufacturer, and the UAW's capitulation in the spring of 1992 set the tone for the strikes yet to come. - [By Chris Hill]
Pepsi's (NYSE: PEP ) �second-quarter profits rise 35%. Shares of Ford (NYSE: F ) hit a two-year high. Caterpillar (NYSE: CAT ) lowers guidance in the wake of a bad quarter. And Panera's (NASDAQ: PNRA ) �second-quarter profits come in lower than expected. In this installment of Investor Beat, Motley Fool analysts Matt Koppenheffer and Jason Moser discuss four stocks making moves on Tuesday.
Top 5 Value Companies To Buy For 2015: Dollar Tree Inc.(DLTR)
Dollar Tree, Inc. operates discount variety stores in the United States and Canada. Its stores offer merchandise primarily at the fixed price of $1.00. The company operates its stores under the names of Dollar Tree, Deal$, Dollar Tree Deal$, Dollar Giant, and Dollar Bills. Its stores offer consumable merchandise, including candy and food, and health and beauty care, as well as household consumables, such as paper, plastics, household chemicals, in select stores, and frozen and refrigerated food; variety merchandise, which includes toys, durable housewares, gifts, party goods, greeting cards, softlines, and other items; and seasonal goods, such as Easter, Halloween, and Christmas merchandise. As of April 30, 2011, it operated 4,089 stores in 48 states and the District of Columbia, as well as 88 stores in Canada. The company was founded in 1986 and is based in Chesapeake, Virginia.
Advisors' Opinion:- [By Lawrence Meyers]
This isn�� some growing new industry set to take the world further into the 21st century. It�� an old concept that hasn�� innovated, won�� innovate, and will slowly but surely die out over this century. When I walk into a Walgreens, I see a miniature Target (TGT), a more expensive Dollar Tree (DLTR), and a provider of prescriptions in a world where everything is becoming mail order.
- [By Melvin Backman]
3. Dollar store drama and coffee surge: Shares in Dollar General (DG) are down more than 7% after CEO Rick Dreiling announced that he was retiring in 2015. Activist investor Carl Icahn has a 9.4% stake in Family Dollar (FDO), which many suspect he wants to merge with Dollar General. Family Dollar stock is down 2%. Related company Dollar Tree (DLTR) is slightly negative as well.
- [By Traders Reserve]
I do believe as Wal-Mart gets hurt, the dollar stores will do a little better ��especially Dollar General (DG), but don�� overlook� Dollar Tree (DLTR). Wall Street is worried about Costco (COST) but I believe it will actually outperform expectations. Costco seems to have figured out how to grow much faster than Wal-Mart and still provide affordable health insurance for most employees.
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