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

Tokyo Markets Close in:

need to know
Drug lord ‘El Chapo’ may be tried in New York
CEO Jamie Dimon's $26M bet on J.P. Morgan
Uber to pay riders millions to settle safety suits
Zillow reports wider loss, drop in unique visitors
Oregon standoff ends as last four surrender
U.S., Russia spar over Syrian cease-fire terms
Google expands EU right-to-be-forgotten rules
FireEye earnings beat expectations
U.S. stock-market plunge paced by financials

Boeing has long history of accounting probes
Boeing's stock plunge of historic proportions

Have central banks lost market credibility?

Google plans standalone VR headset

10 stocks leading the market’s decline Thursday
The stocks you need to fight off bear-market flu
Think like Warren Buffett — buy what’s ugly

Most popular new iOS emoji? Eye roll, please ...

One big Twitter question: Is the worst really over?
Buy Twitter? Only if you believe in management
Twitter message: Its critics were right

U.S. cities with the most and least vacant housing
  4 hidden hazards that lurk in your home
Location Scouts: Insider intel from top markets

Valeant’s M&A accounting cushions its income

Tesla predicts rosy 2016 —can Musk deliver?
Tesla reports loss, but says profit in sight
Tesla’s Model 3: 5 things we now know

Yellen in Senate: Stock swoon not Fed fault

Jobless claims data show no sign of a layoff spike

The greatest bull market of all time probably isn’t what you think it is
Greatest bull market ever likely isn’t what you think

Chuck Jaffe: It’s time for these trendy mutual funds and ETFs to put up or shut up
Time for trendy ETFs, funds to put up or shut up

Rio Tinto swings to loss, drops dividend policy
Total narrows loss on fewer write-downs
Glencore copper, zinc output falls on cutbacks


Jeb Bush says Trump would be worse than Obama

North Korea reportedly has executed top general

India set to outpace China in demand for oil
If you’re bullish on oil, these stocks are buys

Which of Europe’s Piigs might fly?
Which of Europe’s PIIGs might be set to fly?

The 10 toughest investment decisions

Bass issues warning on China’s foreign cash reserves
What’s holding back the world economy?
China's FX reserves drop $99.47 bln


Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again
As oil revenue drops, Gulf states ponder taxes
Will oil get so cheap, it won’t pay to extract it?

Hearing loss now hits 1 in 3 Americans over 65
Hearing loss now hits 1 of every 3 Americans over 65

REIT bonus targets at heart of Brixmor scandal

Even private-equity firms are buying back shares

Has the idea of college financial aid totally backfired?
Michael Moore: Imagine life without student debt
6 ways Obama would make college affordable


/conga/frontpage.html 367774

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 2,038 -9 0.45%
Gold
/quotes/zigman/33772884/delayed 1,237 -10 0.83%
Oil
/quotes/zigman/2260836/delayed 27.50 +1.29 4.92%
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 2,415 -21 0.86%
Nikkei 225
/quotes/zigman/5986735/delayed 15,140 -573 3.65%
Hang Seng
/quotes/zigman/2622475/delayed 18,546 -742 3.85%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 22,952 -807 3.40%
Singapore
/quotes/zigman/1709939/delayed 2,538 -44 1.70%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 0.00 0.15%
Yen
/quotes/zigman/16008150/realtime/sampled 112.36 -0.07 0.06%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 0.00 0.08%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.06%
DXY Index
/quotes/zigman/1652083/delayed 95.66 +0.06 0.06%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.83 +0.06 0.07%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.67 +0.01 0.46%
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 0.01 0.00 25.18%
Crude Oil
/quotes/zigman/2260836/delayed 28 +1 4.92%
Gold
/quotes/zigman/33772884/delayed 1,237 -10 0.83%
Corn
/quotes/zigman/25518691/delayed 361 +1 0.21%
DJIA F
/quotes/zigman/48241424/delayed 15,664 +52 0.33%
S&P F
/quotes/zigman/43106711/delayed 1,831 +6 0.34%
Silver
/quotes/zigman/32655632/delayed 16 0 0.60%

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
0.5%
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/21587200/composite FEYE-0.48%
  • /quotes/zigman/110164/composite ATVI+1.23%
  • /quotes/zigman/413712/composite USO+0.41%
  • /quotes/zigman/35596893/composite CYBR+2.14%
  • /quotes/zigman/7212269/composite GRPN-0.44%
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

SmartMoney Blogs

Real-Time Advice
Our real-time advice on how market shifts and news impact you and your money

Facebook IPO Friends First-Time Investors

Facebook’s IPO inspired scores of first-time investors to put their money where their status updates are.

Many of those who bought shares of Facebook Friday appear to be new to stocks. ShareBuilder.com, which allows retail investors to make direct investments online, says 40% of all queries in the last 24 hours related to Facebook’s IPO and reported a 20-fold increase on the number of new client accounts opened in the last week. Max Wolff, an analyst at Greencrest Capital Management in New York, estimates that retail investors will make up around 20% of Facebook’s IPO – more than the usual 10% to 15% for an one of this kind. “A lot of Facebook members are turning into first-time investors,” he says. “For them it’s magical, it’s sentimental, it’s a global media event.”

In fact, some first-time investors acknowledge that they’re betting on Facebook because of the hype – not despite it. Michael McHale, a New York-based artisan industrial chandelier maker, spent $1,500 advertising on Facebook and $1,000 on shares. “Return on my first investment in Facebook was zero,” he says. “Facebook has not come up with once in conversation with any of my new clients.” He’s more hopeful for his stock. “I don’t expect to hold onto it for long,” McHale says.

Other first-time investors are taking a longer term approach. Michael Provitera, a professor of organizational behavior at Barry University in Miami Shores, Fla., bought $4,000 worth of shares. “Over 10-20 years it should be a great investment,” he says.

Some experts are skeptical. They say any investor — and especially someone new to the stock market — should make their decisions based on the company’s valuation. At its IPO price, Facebook is valued at around 25 times sales, says Brian Hamilton, CEO of Sageworks, a financial information company based in Raleigh, NC. If Apple was valued at a multiple comparable to Facebook, its would be worth $2.7 trillion rather than its current market capitalization of $500 billion, he says. Wolf agrees, adding that the only first-time investors who will win big will be the estimated 1,000 Facebook employees who are expected to become overnight millionaires. As for the other first timers: “Those people who are buying into Mark Zuckerberg’s success story should buy his biography instead,” he says. “It’s cheaper than the shares and they can re-gift it.”

Novice investors are better spending their money elsewhere, analysts say. Charles Sizemore, a financial adviser in Dallas, Tx., recommends small investors diversify among several dividend-payers that are trading at low prices relative to earnings; he suggests other household names like Johnson & Johnson and Procter & Gamble.

Still, these virgin investors say they’ve missed out investing in companies early. “Caution,” McHale says, had always prevented him from dabbling in stocks in the past. Provitera says that given the stock’s appreciation, he’d be a lot better off had he bought Apple when the iPhone was originally released in 2007. He didn’t want to make the same mistake with Facebook. “You should stand by the product that you love and that you’re a part of,” Provitera says. “If you use Facebook, buy it.”

Also read:

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (0)

    • Be the first to leave a comment on this blog.

About Real-Time Advice

  • How breaking news — in the markets, Washington, and around the world — affects you and your money. Have a question about how current events may change your financial future? Email us at ask@smartmoney.com.

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

Tokyo Markets Close in:

need to know
Drug lord ‘El Chapo’ may be tried in New York
CEO Jamie Dimon's $26M bet on J.P. Morgan
Uber to pay riders millions to settle safety suits
Zillow reports wider loss, drop in unique visitors
Oregon standoff ends as last four surrender
U.S., Russia spar over Syrian cease-fire terms
Google expands EU right-to-be-forgotten rules
FireEye earnings beat expectations
U.S. stock-market plunge paced by financials

Boeing has long history of accounting probes
Boeing's stock plunge of historic proportions

Have central banks lost market credibility?

Google plans standalone VR headset

10 stocks leading the market’s decline Thursday
The stocks you need to fight off bear-market flu
Think like Warren Buffett — buy what’s ugly

Most popular new iOS emoji? Eye roll, please ...

One big Twitter question: Is the worst really over?
Buy Twitter? Only if you believe in management
Twitter message: Its critics were right

U.S. cities with the most and least vacant housing
  4 hidden hazards that lurk in your home
Location Scouts: Insider intel from top markets

Valeant’s M&A accounting cushions its income

Tesla predicts rosy 2016 —can Musk deliver?
Tesla reports loss, but says profit in sight
Tesla’s Model 3: 5 things we now know

Yellen in Senate: Stock swoon not Fed fault

Jobless claims data show no sign of a layoff spike

The greatest bull market of all time probably isn’t what you think it is
Greatest bull market ever likely isn’t what you think

Chuck Jaffe: It’s time for these trendy mutual funds and ETFs to put up or shut up
Time for trendy ETFs, funds to put up or shut up

Rio Tinto swings to loss, drops dividend policy
Total narrows loss on fewer write-downs
Glencore copper, zinc output falls on cutbacks


Jeb Bush says Trump would be worse than Obama

North Korea reportedly has executed top general

India set to outpace China in demand for oil
If you’re bullish on oil, these stocks are buys

Which of Europe’s Piigs might fly?
Which of Europe’s PIIGs might be set to fly?

The 10 toughest investment decisions

Bass issues warning on China’s foreign cash reserves
What’s holding back the world economy?
China's FX reserves drop $99.47 bln


Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again
As oil revenue drops, Gulf states ponder taxes
Will oil get so cheap, it won’t pay to extract it?

Hearing loss now hits 1 in 3 Americans over 65
Hearing loss now hits 1 of every 3 Americans over 65

REIT bonus targets at heart of Brixmor scandal

Even private-equity firms are buying back shares

Has the idea of college financial aid totally backfired?
Michael Moore: Imagine life without student debt
6 ways Obama would make college affordable


/conga/frontpage.html 367774

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 2,038 -9 0.45%
Gold
/quotes/zigman/33772884/delayed 1,237 -10 0.83%
Oil
/quotes/zigman/2260836/delayed 27.50 +1.29 4.92%
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 2,415 -21 0.86%
Nikkei 225
/quotes/zigman/5986735/delayed 15,140 -573 3.65%
Hang Seng
/quotes/zigman/2622475/delayed 18,546 -742 3.85%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 22,952 -807 3.40%
Singapore
/quotes/zigman/1709939/delayed 2,538 -44 1.70%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 0.00 0.15%
Yen
/quotes/zigman/16008150/realtime/sampled 112.36 -0.07 0.06%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 0.00 0.08%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.06%
DXY Index
/quotes/zigman/1652083/delayed 95.66 +0.06 0.06%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.83 +0.06 0.07%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.67 +0.01 0.46%
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 0.01 0.00 25.18%
Crude Oil
/quotes/zigman/2260836/delayed 28 +1 4.92%
Gold
/quotes/zigman/33772884/delayed 1,237 -10 0.83%
Corn
/quotes/zigman/25518691/delayed 361 +1 0.21%
DJIA F
/quotes/zigman/48241424/delayed 15,664 +52 0.33%
S&P F
/quotes/zigman/43106711/delayed 1,831 +6 0.34%
Silver
/quotes/zigman/32655632/delayed 16 0 0.60%

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
0.5%
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/21587200/composite FEYE-0.48%
  • /quotes/zigman/110164/composite ATVI+1.23%
  • /quotes/zigman/413712/composite USO+0.41%
  • /quotes/zigman/35596893/composite CYBR+2.14%
  • /quotes/zigman/7212269/composite GRPN-0.44%
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