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172.07MDow Volume:
Avg Vol: 132.13M
Unchanged
147
Decliners
4753
Advancers
1612
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,660 -255 1.60%
Nasdaq
/quotes/zigman/12633936/realtime 4,267 -17 0.39%
S&P 500
/quotes/zigman/3870025/realtime 1,829 -23 1.23%
GlobalDow
/quotes/zigman/629063/realtime 2,036 -12 0.57%
Gold
/quotes/zigman/33772884/delayed 1,234 -14 1.11%
Oil
/quotes/zigman/2260836/delayed 27.60 +1.39 5.30%
FTSE 100
/quotes/zigman/3173262/delayed 5,537 -135 2.39%
DAX
/quotes/zigman/2380246/delayed 8,753 -264 2.93%
CAC 40
/quotes/zigman/3173214/delayed 3,897 -164 4.05%
FTSE MIB
/quotes/zigman/1482176/delayed 15,773 -941 5.63%
IBEX 35
/quotes/zigman/2759620/delayed 7,746 -397 4.88%
Stoxx 600
/quotes/zigman/2380150/delayed 304 -12 3.68%
Asia Dow
/quotes/zigman/6959860/realtime 2,398 -38 1.57%
Nikkei 225
/quotes/zigman/5986735/delayed 15,218 -496 3.15%
Hang Seng
/quotes/zigman/2622475/delayed 18,419 -127 0.68%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 22,946 -6 0.02%
Singapore
/quotes/zigman/1709939/delayed 2,542 +4 0.17%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 0.00 0.24%
Yen
/quotes/zigman/16008150/realtime/sampled 112.52 +0.10 0.09%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 0.00 0.10%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.08%
DXY Index
/quotes/zigman/1652083/delayed 95.76 +0.15 0.16%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.86 +0.09 0.10%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.70 +0.04 2.32%
German 10y
/quotes/zigman/15866409/realtime 0.19 0.00 0.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.72 0.00 0.00%
Spain 10yr
/quotes/zigman/15866444/realtime 1.77 0.00 0.00%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.30 0.00 0.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.07 +0.05 392.09%
Crude Oil
/quotes/zigman/2260836/delayed 28 +1 5.30%
Gold
/quotes/zigman/33772884/delayed 1,234 -14 1.11%
Corn
/quotes/zigman/25518691/delayed 360 0 0.00%
DJIA F
/quotes/zigman/48241424/delayed 15,657 +45 0.29%
S&P F
/quotes/zigman/43106711/delayed 1,832 +7 0.38%
Silver
/quotes/zigman/32655632/delayed 16 0 0.75%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 101.91 0.91 0.90%
AAPL /quotes/zigman/68270/composite 93.70 -0.57 -0.60%
GOOG /quotes/zigman/59527964/composite 683.11 -1.01 -0.15%
BAC /quotes/zigman/190927/composite 11.16 -0.82 -6.84%
C /quotes/zigman/5065548/composite 34.98 -2.43 -6.50%
F /quotes/zigman/264304/composite 11.17 -0.17 -1.50%
T /quotes/zigman/398198/composite 36.21 -0.22 -0.60%
BP /quotes/zigman/247026/composite 27.64 -0.40 -1.43%
GE /quotes/zigman/227468/composite 27.45 -0.85 -3.00%
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.6%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/413712/composite USO+0.41%
  • /quotes/zigman/41663/composite GLD+4.02%
  • /quotes/zigman/17430636/composite SUNE-13.56%
  • /quotes/zigman/714403/composite SPY-1.30%
  • /quotes/zigman/110164/composite ATVI+1.23%
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Will Groupon Lower Prices on Future IPOs?

Groupon’s accounting woes are doing for its stock what the company normally does for massage prices. And investing pros say the daily deal site’s lowered revenues may also discount enthusiasm for the latest wave of Internet IPOs.

Sources tell the Wall Street Journal that the Securities and Exchange Commission is examining Groupon’s (GRPN) revision of its financial results for its first quarter as a public company after discovering executives did not properly account for customer refunds. Since then, its stock has fallen 20% to $15.30. The changes will reduce the company’s revenue by $14.3 million for the fourth quarter and widen its loss by $22.6 million. Some experts say the news shows how difficult it is to monetize the value of new tech companies. “Too often investors get caught up in the frenzy of a well known company going public,” says Tim Keating, chief executive officer of Keating Capital, Inc, a company that specializes in pre-IPO investments. ”Just because a company is familiar, doesn’t make them a great investment.”

Recently public web companies like Groupon can be especially difficult to value because they are often still trying to figure out how to create steady revenue streams from their services, says Devin Pope, wealth adviser for Albion Financial Group. “They’re not necessarily selling a product that is easy to evaluate,” says Pope. Investors may not want to jump in right after an IPO because these companies may see their revenues and business models change as they mature, he says. Groupon, for example, at first excluded marketing costs from its accounting, which enabled the company to show a profit even though it was generating losses under standard accounting rules. The company also initially counted as revenue everything it took in from daily-deals, but later subtracted the amount it shares with merchants.

To be sure, Groupon hasn’t been accused of any wrongdoing. And such early accounting blunders may get less attention in the future if Congress passes new rules under the JOBS Act that would allow companies to work out accounting disagreements with regulators before they go public. And many Internet companies can go on to reward investors and demonstrate value as they mature, says Keating, pointing to Facebook, which he says has demonstrated that it can generate steady revenue through advertisements and applications. Groupon did not respond to requests for comment.

Still some advisers recommend waiting until a company has reported earnings for several quarters and shown that it can generate steady profits before they invest in a newly public Internet company.  Jeffrey Bogue, an adviser in North Berwick, Maine, recommends keeping such investments to less than 5% of your overall portfolio. And of course, investors should be patient, pros say. “Overall, people will look at Groupon as a lesson learned,” says Paul Brigandi, senior portfolio manager of the $5 million Direxion Long/Short Global IPO fund, which invests in newly public companies. “There’s great upside but a lot of that is not substantiated yet.”

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MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

Markets »

172.07MDow Volume:
Avg Vol: 132.13M
Unchanged
147
Decliners
4753
Advancers
1612
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,660 -255 1.60%
Nasdaq
/quotes/zigman/12633936/realtime 4,267 -17 0.39%
S&P 500
/quotes/zigman/3870025/realtime 1,829 -23 1.23%
GlobalDow
/quotes/zigman/629063/realtime 2,036 -12 0.57%
Gold
/quotes/zigman/33772884/delayed 1,234 -14 1.11%
Oil
/quotes/zigman/2260836/delayed 27.60 +1.39 5.30%
FTSE 100
/quotes/zigman/3173262/delayed 5,537 -135 2.39%
DAX
/quotes/zigman/2380246/delayed 8,753 -264 2.93%
CAC 40
/quotes/zigman/3173214/delayed 3,897 -164 4.05%
FTSE MIB
/quotes/zigman/1482176/delayed 15,773 -941 5.63%
IBEX 35
/quotes/zigman/2759620/delayed 7,746 -397 4.88%
Stoxx 600
/quotes/zigman/2380150/delayed 304 -12 3.68%
Asia Dow
/quotes/zigman/6959860/realtime 2,398 -38 1.57%
Nikkei 225
/quotes/zigman/5986735/delayed 15,218 -496 3.15%
Hang Seng
/quotes/zigman/2622475/delayed 18,419 -127 0.68%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 22,946 -6 0.03%
Singapore
/quotes/zigman/1709939/delayed 2,542 +4 0.17%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 0.00 0.23%
Yen
/quotes/zigman/16008150/realtime/sampled 112.50 +0.08 0.07%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 0.00 0.09%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.08%
DXY Index
/quotes/zigman/1652083/delayed 95.76 +0.15 0.16%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.86 +0.09 0.10%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.70 +0.04 2.32%
German 10y
/quotes/zigman/15866409/realtime 0.19 0.00 0.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.72 0.00 0.00%
Spain 10yr
/quotes/zigman/15866444/realtime 1.77 0.00 0.00%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.30 0.00 0.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.07 +0.05 392.09%
Crude Oil
/quotes/zigman/2260836/delayed 28 +1 5.30%
Gold
/quotes/zigman/33772884/delayed 1,234 -14 1.11%
Corn
/quotes/zigman/25518691/delayed 360 0 0.00%
DJIA F
/quotes/zigman/48241424/delayed 15,657 +45 0.29%
S&P F
/quotes/zigman/43106711/delayed 1,832 +7 0.38%
Silver
/quotes/zigman/32655632/delayed 16 0 0.75%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 101.91 0.91 0.90%
AAPL /quotes/zigman/68270/composite 93.70 -0.57 -0.60%
GOOG /quotes/zigman/59527964/composite 683.11 -1.01 -0.15%
BAC /quotes/zigman/190927/composite 11.16 -0.82 -6.84%
C /quotes/zigman/5065548/composite 34.98 -2.43 -6.50%
F /quotes/zigman/264304/composite 11.17 -0.17 -1.50%
T /quotes/zigman/398198/composite 36.21 -0.22 -0.60%
BP /quotes/zigman/247026/composite 27.64 -0.40 -1.43%
GE /quotes/zigman/227468/composite 27.45 -0.85 -3.00%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.6%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/413712/composite USO+0.41%
  • /quotes/zigman/41663/composite GLD+4.02%
  • /quotes/zigman/17430636/composite SUNE-13.56%
  • /quotes/zigman/714403/composite SPY-1.30%
  • /quotes/zigman/110164/composite ATVI+1.23%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration