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44 million tried Apple Music in its first month

When do markets close for Labor Day?

Has Robert Redford gotten it wrong on retirement?

What not to buy over Labor Day weekend

Labor Day traffic will be the U.S.’s worst since 2008

My father wanted to divide his estate, but my sister took it all
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Money mistakes to avoid after a spouse’s death

speaks onstage during the 'The Late Show with Stephen Colbert' panel discussion at the CBS portion of the 2015 Summer TCA Tour at The Beverly Hilton Hotel on August 10, 2015 in Beverly Hills, California.  
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Stephen Colbert’s ‘Late Show’: What to expect

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Hey, Twitter, is Jack Dorsey your CEO or what?

Tennis’s U.S. Open trots out grown-up ball people

What it’s like to play tennis with a ‘smart’ racket

Chicago clout woven through Navistar complaints

Green Giant faces uphill battle for millennial market

Chinese Navy ships in U.S. territorial waters
Watch China’s 90-minute parade in 60 seconds
See photos of China's massive military parade
China markets close for war anniversary

Donald Trump stumbles during interview on foreign policy
Trump stumbles in interview on foreign policy
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Carson and Trump: Their policy differences
Trump as president: Bound to be GREAT!
Businessmen have done poorly as presidents
Also
Oops — Rick Perry says broken clock right once a day

Six actors who were almost cast as James Bond

Obscure trading strategy draws Wall Street’s ire

Technical-vs.-fundamental matchups put to test

Germany at fault in Europe’s refugee crisis
Immigration to Germany at highest since 1992
Chaos in Budapest as migrants rush trains
Father of drowned Syrian boy describes voyage

5 cars that make Tesla’s Model X look like a deal
Musk: Tesla Model 3 preorders begin in March
Tesla Model X ‘Signature’ runs at least $132,000
Best time to buy a new car may be at hand

These are the college majors that are dying

They tangled with student debt all summer
College help for low-income families

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Markets »

127.27MDow Volume:
Avg Vol: 114.07M
Unchanged
226
Decliners
4346
Advancers
2012
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 16,102 -272 1.66%
Nasdaq
/quotes/zigman/12633936/realtime 4,684 -50 1.05%
S&P 500
/quotes/zigman/3870025/realtime 1,921 -30 1.53%
GlobalDow
/quotes/zigman/629063/realtime 2,282 -41 1.77%
Gold
/quotes/zigman/662444/delayed 1,122 -2 0.20%
Oil
/quotes/zigman/2331095/delayed 45.77 -0.98 2.10%
FTSE 100
/quotes/zigman/3173262/delayed 6,043 -151 2.44%
DAX
/quotes/zigman/2380246/delayed 10,038 -280 2.71%
CAC 40
/quotes/zigman/3173214/delayed 4,523 -131 2.81%
FTSE MIB
/quotes/zigman/1482176/delayed 21,473 -705 3.18%
IBEX 35
/quotes/zigman/2759620/delayed 9,822 -221 2.20%
Stoxx 600
/quotes/zigman/2380150/delayed 353 -9 2.52%
Asia Dow
/quotes/zigman/6959860/realtime 2,684 -29 1.06%
Nikkei 225
/quotes/zigman/5986735/delayed 17,792 -390 2.15%
Hang Seng
/quotes/zigman/2622475/delayed 20,841 -94 0.45%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,202 -563 2.18%
Singapore
/quotes/zigman/1709939/delayed 2,864 -43 1.47%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 +0.00 0.26%
Yen
/quotes/zigman/16008150/realtime/sampled 119.01 -1.06 0.88%
Pound
/quotes/zigman/16008140/realtime/sampled 1.52 -0.01 0.58%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.69 -0.01 1.50%
DXY Index
/quotes/zigman/1652083/delayed 96.22 -0.18 0.19%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.96 +0.15 0.17%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.13 -0.03 1.47%
German 10y
/quotes/zigman/15866409/realtime 0.67 -0.05 7.51%
Italy 10yr
/quotes/zigman/15866497/realtime 1.88 -0.04 2.06%
Spain 10yr
/quotes/zigman/15866444/realtime 2.08 -0.03 1.41%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.72 -0.08 4.31%
Japan 10yr
/quotes/zigman/15866525/realtime 0.37 -0.03 6.87%
Crude Oil
/quotes/zigman/2331095/delayed 46 -1 2.10%
Gold
/quotes/zigman/662444/delayed 1,122 -2 0.20%
Corn
/quotes/zigman/7599553/delayed 363 +1 0.28%
DJIA F
/quotes/zigman/38649152/delayed 16,090 -258 1.58%
S&P F
/quotes/zigman/30356461/delayed 1,918 -28 1.44%
Silver
/quotes/zigman/3134148/delayed 15 0 1.07%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.26 0.11 0.12%
AAPL /quotes/zigman/68270/composite 109.27 -1.10 -1.00%
GOOG /quotes/zigman/30194416/composite 600.70 -5.55 -0.92%
BAC /quotes/zigman/190927/composite 15.65 -0.29 -1.82%
C /quotes/zigman/5065548/composite 50.59 -1.20 -2.32%
F /quotes/zigman/264304/composite 13.56 -0.28 -2.02%
T /quotes/zigman/398198/composite 32.56 -0.48 -1.45%
BP /quotes/zigman/247026/composite 30.70 -1.71 -5.28%
GE /quotes/zigman/227468/composite 24.00 -0.51 -2.08%
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Rates »

5 yr CD
1.4%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
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 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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Facebook IPO? These Deals Are 5 Times Better

On Friday, ordinary investors can finally begin buying Facebook stock — as much as they like. They should do some quick comparison shopping first, however.

Facebook’s initial public offering priced the company at $104 billion — the most ever for a U.S. company at the time of its debut, reports The Wall Street Journal. But that value is based on the subscription price of $38 that was available only to a privileged few.

If shares open for trading at $50, the company is worth more than $136 billion. If they hit $75, either right away or in coming weeks, Facebook will top $200 billion in value. That would make it the seventh-largest American company, worth slightly more than General Electric (GE) and just less than Google (GOOG) and Wal-Mart (WMT).

Any purchase of shares buys an investor exposure to a company’s prosperity, measured by things like earnings, dividends and cash that can be put to use, as well as growth rates.  Assume an investor can buy Facebook stock at $50 a share on Friday. At that price, a $1,000 purchase will buy exposure to about $12 in earnings, no dividends and close to $80 in cash on the the company’s balance sheet.

The cash includes money Facebook raised by selling shares to the public. The earnings assume that Facebook grows its earnings by 65% this year, just like it did last year. That’s a bullish assumption because in its first quarter Facebook reported an earnings decline versus a year earlier.

That same $1,000 can buy much more if it’s spent on some other thriving technology companies. With Google, it buys exposure to nearly $70 in projected 2012 earnings, no dividend and $243 in cash and investments. With Apple (AAPL), a $1,000 purchase of shares buys around $89 in projected earnings for its fiscal year ending September, along with $222 in cash and investments. There’s no dividend yet, but Apple will begin paying one this summer, so that $1,000 purchase will buy about $20 a year in dividends to start.

These companies aren’t done growing. The earnings estimate for Google suggests 20% growth this year. The one for Apple points to 70% growth.

In other words, investors can get five or six times as much for their money by buying shares of good companies that aren’t hitting the stock market for the first time Friday.

Facebook is a fine company with a seemingly bright future. The problem is that while it’s still a mid-sized company in terms of the money it makes, it’s a behemoth when measured by the price it will sell for. Investors who buy Friday shouldn’t assume they’re getting in early on the next big thing. (Those who did were the ones selling to the public during the offering.)

The right reason for an investor to buy Facebook stock is that he thinks it’s going to be an exciting trade and he has a little cash he doesn’t mind losing. If you’re one of those investors, bet small, have fun and take a profit if you see one.

But those who want to sock away their savings in something that’s likely to be more valuable years from today should stick with the likes of Google and Apple for now, and take another look at Facebook in a year or two when the excitement has worn off.

Comments

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

Comments (4 of 4)

View all Comments »
    • Nice post David! I think it’s absolutely NORMAL for you to want to be idnepennedt and live on your own. After all, slumming it with buddies happened for 4 years in college already!It’s interesting how you write from your perspective of loving your parents, but not loving to live with them. What about your parents though? Do you think they loved having their grown son still living with them after college? I’m sure some parents do.I wonder how it is for folks nowadays. I remember about 10-15 years ago, it was actually dishonorable to live with your parents after college. Have perceptions changed since then?Heck, if my parents had a nice Park Avenue townhouse in NYC, I would MOST CERTAINLY try and live for free for the first couple years! I paid $1,000/month to SHARE a studio way back when. Freedom is pricelss for me now though, and is worth the extra premium to be on my own, the longer you’ve been away from college.Best,FS

    • Mene zanima kako da akivritam timeline.Napravila sam novi profil, jer cu stari uskoro da izbrisem, i nazalost na novom profilu kada odem na njihovu stranicu, nigde nemam to zeleno dugme Get Timeline. Isti problem ima i moja majka. Raduje me sto ce biti automatski prebaceno, ako je to istina, ali postoji problem da sam nestrpljiva i da zelim da ga akivritam sada odma A kako kada nemam dugme za aktiviranje?

    • as Leonard responded I’m amazed that some people able to earn $4956 in a few weeks on the internet. did you read this webpage (Click on menu Home more information) http://goo.gl/JFh4m

    • The smart money sells to the IPO crowd.

      It’s all over by the time the co is public.

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MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert
need to know
Teco Energy jumps after Emera buyout offer
‘Transporter’ takes on ‘Straight Outta Compton’
U.S. details ‘flash crash’ case vs. U.K. trader
$46 million asking-price cut for megamansion
44 million tried Apple Music in its first month

When do markets close for Labor Day?

Has Robert Redford gotten it wrong on retirement?

What not to buy over Labor Day weekend

Labor Day traffic will be the U.S.’s worst since 2008

My father wanted to divide his estate, but my sister took it all
What to do when a parent dies and leaves no will
Money mistakes to avoid after a spouse’s death

speaks onstage during the 'The Late Show with Stephen Colbert' panel discussion at the CBS portion of the 2015 Summer TCA Tour at The Beverly Hilton Hotel on August 10, 2015 in Beverly Hills, California.  
What Colbert should ask Musk and Uber boss
Stephen Colbert’s ‘Late Show’: What to expect

Surf the 10 stories you shouldn’t have missed

Hey, Twitter, is Jack Dorsey your CEO or what?

Tennis’s U.S. Open trots out grown-up ball people

What it’s like to play tennis with a ‘smart’ racket

Chicago clout woven through Navistar complaints

Green Giant faces uphill battle for millennial market

Chinese Navy ships in U.S. territorial waters
Watch China’s 90-minute parade in 60 seconds
See photos of China's massive military parade
China markets close for war anniversary

Donald Trump stumbles during interview on foreign policy
Trump stumbles in interview on foreign policy
Trump signs Republican loyalty pledge
Carson and Trump: Their policy differences
Trump as president: Bound to be GREAT!
Businessmen have done poorly as presidents
Also
Oops — Rick Perry says broken clock right once a day

Six actors who were almost cast as James Bond

Obscure trading strategy draws Wall Street’s ire

Technical-vs.-fundamental matchups put to test

Germany at fault in Europe’s refugee crisis
Immigration to Germany at highest since 1992
Chaos in Budapest as migrants rush trains
Father of drowned Syrian boy describes voyage

5 cars that make Tesla’s Model X look like a deal
Musk: Tesla Model 3 preorders begin in March
Tesla Model X ‘Signature’ runs at least $132,000
Best time to buy a new car may be at hand

These are the college majors that are dying

They tangled with student debt all summer
College help for low-income families

/conga/frontpage.html 354231

Markets »

127.27MDow Volume:
Avg Vol: 114.07M
Unchanged
226
Decliners
4346
Advancers
2012
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 16,102 -272 1.66%
Nasdaq
/quotes/zigman/12633936/realtime 4,684 -50 1.05%
S&P 500
/quotes/zigman/3870025/realtime 1,921 -30 1.53%
GlobalDow
/quotes/zigman/629063/realtime 2,282 -41 1.77%
Gold
/quotes/zigman/662444/delayed 1,122 -2 0.20%
Oil
/quotes/zigman/2331095/delayed 45.77 -0.98 2.10%
FTSE 100
/quotes/zigman/3173262/delayed 6,043 -151 2.44%
DAX
/quotes/zigman/2380246/delayed 10,038 -280 2.71%
CAC 40
/quotes/zigman/3173214/delayed 4,523 -131 2.81%
FTSE MIB
/quotes/zigman/1482176/delayed 21,473 -705 3.18%
IBEX 35
/quotes/zigman/2759620/delayed 9,822 -221 2.20%
Stoxx 600
/quotes/zigman/2380150/delayed 353 -9 2.52%
Asia Dow
/quotes/zigman/6959860/realtime 2,684 -29 1.06%
Nikkei 225
/quotes/zigman/5986735/delayed 17,792 -390 2.15%
Hang Seng
/quotes/zigman/2622475/delayed 20,841 -94 0.45%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,202 -563 2.18%
Singapore
/quotes/zigman/1709939/delayed 2,864 -43 1.47%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 +0.00 0.26%
Yen
/quotes/zigman/16008150/realtime/sampled 119.01 -1.06 0.88%
Pound
/quotes/zigman/16008140/realtime/sampled 1.52 -0.01 0.58%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.69 -0.01 1.50%
DXY Index
/quotes/zigman/1652083/delayed 96.22 -0.18 0.19%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.96 +0.15 0.17%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.13 -0.03 1.47%
German 10y
/quotes/zigman/15866409/realtime 0.67 -0.05 7.51%
Italy 10yr
/quotes/zigman/15866497/realtime 1.88 -0.04 2.06%
Spain 10yr
/quotes/zigman/15866444/realtime 2.08 -0.03 1.41%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.72 -0.08 4.31%
Japan 10yr
/quotes/zigman/15866525/realtime 0.37 -0.03 6.87%
Crude Oil
/quotes/zigman/2331095/delayed 46 -1 2.10%
Gold
/quotes/zigman/662444/delayed 1,122 -2 0.20%
Corn
/quotes/zigman/7599553/delayed 363 +1 0.28%
DJIA F
/quotes/zigman/38649152/delayed 16,090 -258 1.58%
S&P F
/quotes/zigman/30356461/delayed 1,918 -28 1.44%
Silver
/quotes/zigman/3134148/delayed 15 0 1.07%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.26 0.11 0.12%
AAPL /quotes/zigman/68270/composite 109.27 -1.10 -1.00%
GOOG /quotes/zigman/30194416/composite 600.70 -5.55 -0.92%
BAC /quotes/zigman/190927/composite 15.65 -0.29 -1.82%
C /quotes/zigman/5065548/composite 50.59 -1.20 -2.32%
F /quotes/zigman/264304/composite 13.56 -0.28 -2.02%
T /quotes/zigman/398198/composite 32.56 -0.48 -1.45%
BP /quotes/zigman/247026/composite 30.70 -1.71 -5.28%
GE /quotes/zigman/227468/composite 24.00 -0.51 -2.08%
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
1.4%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
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 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/45845333/composite MDT-1.43%
  • /quotes/zigman/225940/composite EMR-1.31%
  • /quotes/zigman/227548/composite GIS-1.77%
  • /quotes/zigman/424043/composite FXA-1.17%
  • /quotes/zigman/221644/composite CAT-1.81%
X
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