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/227548/composite GIS-1.77%
  • /quotes/zigman/424043/composite FXA-1.17%
  • /quotes/zigman/45845333/composite MDT-1.43%
  • /quotes/zigman/225940/composite EMR-1.31%
  • /quotes/zigman/453625/composite FXY+0.84%
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

Email address

Password

Forgot password?

SmartMoney Blogs

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

A Safe Price to Pay for Facebook

Facebook shares plunged nearly 10% Tuesday to close at $28.84. They now sit 24% lower than the $38 price the company fetched in its initial stock offering earlier this month.

Getty Images

Readers of this space found plenty of reasons to stay clear of the stock at its debut and shortly after (see “What Facebook’s IPO and Treasurys Have in Common” and “3 Reasons Facebook Stock Won’t Soar”). But at what price may shares safely be considered cheap?

It’s impossible to say with precision, considering that much of Facebook’s price is based on expected growth. But here’s one way for investors to frame their thinking.

Start by comparing prices and revenues for Facebook and Google. Google is a good choice for the job because both it and Facebook are thriving, cash-rich dotcom businesses with high margins. Also, Google offers a look ahead at how Facebook’s stock might trade once the latter’s revenue growth slows.

Google shares closed Tuesday at 4.9 times the company’s revenues for the four quarters ended March 31, and Facebook, 15.3 times revenues for the same period. One reason Facebook is more than three times as expensive as Google is that it’s growing much faster. In the first quarter of this year, Facebook increased revenues by 71% from a year prior, versus 28% for Google.

Now assume that at some point in coming years, as Facebook’s revenue growth slows, its price-to-revenues ratio will shrink to look more like Google’s today.

Next, look at the revenue projections for both companies (see table). They come from FactSet Research Systems and are based on a poll of Wall Street analysts. Note that 29 analysts contribute to Google’s 2012 revenue consensus but only six contribute to its 2016 one. For Facebook, the numbers are 12 and seven.

There’s a reason fewer analysts issue forecasts for distant years: Many consider it futile to try to predict results that far into the future. Investors should keep this rising level of uncertainty for longer forecasts in mind.

An extreme Facebook skeptic might say that the company’s fast revenue growth won’t last long, and that its stock should therefore be priced in line with Google’s valuation of 4.9 times revenues. Multiplying that by Facebook’s revenues for the past four quarters works out to $19.6 billion. That would put Facebook stock at $9 and change. Few investors are that bearish on the company, however.

An investor who’s merely lukewarm on Facebook’s growth prospects might say that the company will meet its revenue forecasts in the early years but then converge on a Google-like valuation thereafter. For example, Google trades at 2.9 times its projected 2014 revenues. Facebook is expected to deliver $8.65 billion in revenues that year. Multiply one number by the other and the result is a market value of $25.1 billion for Facebook. That’s close to $12 a share.

A more bullish approach: Count on Facebook to deliver all of its expected growth through 2016, but apply Google’s valuation to that year’s projection. That gives Facebook a current market value of $33.1 billion, or a stock price of $15 and change.

The investor who pays Tuesday’s closing price of $28.84, meanwhile, is betting not only that Facebook will deliver on all that revenue growth through 2016, but also that its price-to-revenues ratio in that year will remain much higher than Google’s in anticipation of many more years of blazing growth to come.

It’s a possible outcome, but it’s not one that cautious investors should bet on.

Comments

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

Comments (5 of 27)

View all Comments »
    • By WebOsPublisher

      Index of /finds/Graphics
      Index of /finds/Graphics
      Name Last modified Size Description Parent Directory –
      1-headline-2.swf 09-Apr-2012 03:55 23K
      1-old-45-adapter-2.swf 09-Apr-2012 03:55 6.5K
      1-pac-man-sticker-2.swf 09-Apr-2012 03:55 8.5K
      1-paper-lined-2.swf 09-Apr-2012 03:55 26K
      1-paper-spiral-2.swf 09-Apr-2012 03:55 23K
      1-postit-blue-2.swf 09-Apr-2012 03:55 20K
      1-postit-blue2-2.swf 09-Apr-2012 03:55 20K
      1-postit-greenyellow-2.swf 09-Apr-2012 03:55 18K
      1-postit-neongreen2-2.swf 09-Apr-2012 03:55 19K
      1-postit-neonpurple-2.swf 09-Apr-2012 03:55 20K
      1-postit-purple-3.swf 09-Apr-2012 03:55 38K
      1-postit-yellow-2.swf 09-Apr-2012 03:55 20K
      1-postit-yellow3-2.swf 09-Apr-2012 03:55 20K
      1-receipt-2.swf 09-Apr-2012 03:55 31K
      1-smiley-pin.swf.swf 09-Apr-2012 03:55 12K
      1-star-trek-poster-2.swf 09-Apr-2012 03:55 12K
      42 Proofs.jpg 09-Apr-2012 03:55 78K
      Avatars/ 09-Apr-2012 03:55 –
      Backgrounds/ 09-Apr-2012 04:21 –
      Bars/ 09-Apr-2012 04:07 –
      Biblical_Covenants.png 09-Apr-2012 04:21 148K
      Contact Card Small.ICO 09-Apr-2012 04:26 766
      Contact Card.ICO 09-Apr-2012 04:26 1.1K
      Decorative/ 09-Apr-2012 04:57 –
      Disk.bmp 09-Apr-2012 04:57 1.4K
      Distribution List Small.ICO 09-Apr-2012 04:57 766
      Distribution List.ICO 09-Apr-2012 04:57 1.1K
      Dock.jpg 09-Apr-2012 04:57 31K
      Dog Heads.ico 09-Apr-2012 04:57 88K
      Door Out Small.ICO 09-Apr-2012 04:57 766
      Door Out.ICO 09-Apr-2012 04:57 1.1K
      Edit user.png 09-Apr-2012 04:57 14K
      Envelope Arrow Small.ICO 09-Apr-2012 04:57 766
      Envelope Arrow.ICO 09-Apr-2012 04:57 1.1K
      Envelope Letter Small.ICO 09-Apr-2012 04:57 766
      Envelope Letter.ICO 09-Apr-2012 04:58 1.1K
      Envelope Lock Small.ICO 09-Apr-2012 04:58 766
      Envelope Lock.ICO 09-Apr-2012 04:58 1.1K
      Envelope People Small.ICO 09-Apr-2012 04:58 766
      Envelope People.ICO 09-Apr-2012 04:58 1.1K
      Envelope Phone Arrow Small.ICO 09-Apr-2012 04:58 766
      Envelope Phone Arrow.ICO 09-Apr-2012 04:58 1.1K
      Envelope Seal Small.ICO 09-Apr-2012 04:58 766
      Envelope Seal.ICO 09-Apr-2012 04:58 1.1K
      Envelope Small.ICO 09-Apr-2012 04:58 766
      Envelope.ICO 09-Apr-2012 04:58 1.1K
      Globe.bmp 09-Apr-2012 04:58 1.4K
      I_ADDR.GIF 09-Apr-2012 04:58 889
      I_EMAIL.GIF 09-Apr-2012 04:58 971
      I_FAX.GIF 09-Apr-2012 04:58 890
      I_HOME.GIF 09-Apr-2012 04:58 900
      I_PARENT.GIF 09-Apr-2012 04:58 860
      I_PHONE.GIF 09-Apr-2012 04:58 893
      I_PHOTO.GIF 09-Apr-2012 04:58 888
      LightBulb.gif 09-Apr-2012 04:58 487
      Note Pin Small.ICO 09-Apr-2012 04:59 766
      Note Pin.ICO 09-Apr-2012 04:59 1.1K
      Note Writing Small.ICO 09-Apr-2012 04:59 766
      Note Writing.ICO 09-Apr-2012 04:59 1.1K
      Notebook Clock Small.ICO 09-Apr-2012 04:59 766
      Notebook Clock.ICO 09-Apr-2012 04:59 1.1K
      People Check Small.ICO 09-Apr-2012 04:59 766
      People Check.ICO 09-Apr-2012 04:59 1.1K
      People Question Small.ICO 09-Apr-2012 04:59 766
      People Question.ICO 09-Apr-2012 04:59 1.1K
      People X Box Small.ICO 09-Apr-2012 04:59 766
      People X Box.ICO 09-Apr-2012 04:59 1.1K
      People X Small.ICO 09-Apr-2012 04:59 766
      People X.ICO 09-Apr-2012 04:59 1.1K
      Postmark 2 Small.ICO 09-Apr-2012 04:59 766
      Postmark 2.ICO 09-Apr-2012 04:59 1.1K
      Postmark Small.ICO 09-Apr-2012 04:59 766
      Postmark.ICO 09-Apr-2012 04:59 1.1K
      Read It Later.png 09-Apr-2012 04:59 2.7K
      Star Field.jpg 09-Apr-2012 04:59 88K
      Sun.ico 09-Apr-2012 04:59 2.2K
      Swords Small.ICO 09-Apr-2012 04:59 766
      Swords.ICO 09-Apr-2012 04:59 766
      Tickle IQ — Box Pattern.png 09-Apr-2012 04:59 11K
      Tiles/ 09-Apr-2012 05:03 –
      Viewer.bmp 09-Apr-2012 05:03 1.4K
      Webdev about.png 09-Apr-2012 05:03 18K
      Window Arrows.ico 09-Apr-2012 05:03 105K
      WomansBrain_ani.gif 09-Apr-2012 05:03 836K
      YellowBox_01.jpg 09-Apr-2012 05:05 577
      YellowBox_02.jpg 09-Apr-2012 05:05 954
      YellowBox_03.jpg 09-Apr-2012 05:05 547
      YellowBox_04.jpg 09-Apr-2012 05:05 1.4K
      YellowBox_05.jpg 09-Apr-2012 05:05 7.6K
      YellowBox_06.jpg 09-Apr-2012 05:05 1.0K
      YellowBox_07.jpg 09-Apr-2012 05:05 649
      YellowBox_08.jpg 09-Apr-2012 05:05 1.3K
      YellowBox_09.jpg 09-Apr-2012 05:05 556
      arrow_right_lime.png 09-Apr-2012 03:55 1.0K
      background-download-footer.png 09-Apr-2012 03:55 70K
      background.png 09-Apr-2012 03:55 18K
      bg_bar_red_2x36.png 09-Apr-2012 04:07 970
      bg_button_gradient_green.png 09-Apr-2012 04:07 108
      bg_corkboard.jpg 09-Apr-2012 04:07 34K
      bg_diagonal_gray.png 09-Apr-2012 04:07 969
      bg_diagonal_peacock.png 09-Apr-2012 04:07 1.1K
      bg_flag_blue.png 09-Apr-2012 04:07 58K
      bg_flag_blue_pale.png 09-Apr-2012 04:07 108K
      bg_flag_gray_pale.png 09-Apr-2012 04:07 0
      bumper_brake-0.gif 09-Apr-2012 04:26 1.4K
      bumper_brake-3.gif 09-Apr-2012 04:26 9.2K
      bumper_success0.gif 09-Apr-2012 04:26 1.6K
      bumper_success2.gif 09-Apr-2012 04:26 7.8K
      bumper_success3.gif 09-Apr-2012 04:26 10K
      business_card.jpg 09-Apr-2012 04:26 13K
      caricature_butch.png 09-Apr-2012 04:26 2.1K
      caricature_judy.png 09-Apr-2012 04:26 2.5K
      caricature_nuthouse.png 09-Apr-2012 04:26 5.1K
      caricature_sundance.png 09-Apr-2012 04:26 2.1K
      caricature_sunny.png 09-Apr-2012 04:26 3.0K
      chart_hsl_0_350.png 09-Apr-2012 04:26 960K
      cobweb.gif 09-Apr-2012 04:26 3.0K
      cobweb_old.gif 09-Apr-2012 04:26 3.0K
      colorbar.bmp 09-Apr-2012 04:26 5.9K
      colorbar.gif 09-Apr-2012 04:26 853
      colorchart.gif 09-Apr-2012 04:26 11K
      colorchart.png 09-Apr-2012 04:26 2.6K
      datechooser.png 09-Apr-2012 04:26 647
      dbd-logo2.png 09-Apr-2012 04:26 25K
      decor_ING_bouncing_ball_ani.gif 09-Apr-2012 04:26 7.8K
      decorative_ dontwork_behappy.png 09-Apr-2012 04:57 13K
      decorative_Friday_ani.gif 09-Apr-2012 04:57 265K
      decorative_Jessica_Rabbit.jpg 09-Apr-2012 04:57 15K
      decorative_buildings.png 09-Apr-2012 04:57 4.0K
      decorative_coffee_drinkmelove.png 09-Apr-2012 04:57 7.8K
      decorative_dontworry_behappy.png 09-Apr-2012 04:57 12K
      decorative_easter_eggs.png 09-Apr-2012 04:57 113K
      decorative_exlibris.png 09-Apr-2012 04:57 4.7K
      decorative_featherpen.jpg 09-Apr-2012 04:57 2.6K
      decorative_gecko.JPG 09-Apr-2012 04:57 5.3K
      decorative_gentleman.png 09-Apr-2012 04:57 5.1K
      decorative_lady.png 09-Apr-2012 04:57 8.2K
      decorative_lightbulb.png 09-Apr-2012 04:57 3.1K
      decorative_monkey.png 09-Apr-2012 04:57 4.9K
      decorative_motherboard.jpg 09-Apr-2012 04:57 31K
      decorative_people_talking.png 09-Apr-2012 04:57 2.6K
      decorative_rose.png 09-Apr-2012 04:57 6.3K
      decorative_swirl.png 09-Apr-2012 04:57 3.1K
      decorative_swirl_trans.png 09-Apr-2012 04:57 2.3K
      decorative_winter_cabin_ani.gif 09-Apr-2012 04:57 177K
      dingbats.png 09-Apr-2012 04:57 14K
      domaincentral.png 09-Apr-2012 04:57 3.1K
      drag.png 09-Apr-2012 04:57 6.6K
      duct.png 09-Apr-2012 04:57 17K
      entities.gif 09-Apr-2012 04:57 18K
      entities.png 09-Apr-2012 04:57 26K
      envelope.gif 09-Apr-2012 04:58 103
      envelope_ani.gif 09-Apr-2012 04:58 1.5K
      felix_the_cat.png 09-Apr-2012 04:58 14K
      felix_the_cat_sm.png 09-Apr-2012 04:58 2.7K
      filemanager.png 09-Apr-2012 04:58 2.2K
      finished.gif 09-Apr-2012 04:58 166
      for_sale_sign.png 09-Apr-2012 04:58 148K
      for_sale_sign_rounded.png 09-Apr-2012 04:58 144K
      for_sale_sign_rounded_189x127.png 09-Apr-2012 04:58 65K
      frame_burgundy_E.png 09-Apr-2012 04:58 5.6K
      frame_burgundy_N.png 09-Apr-2012 04:58 7.4K
      frame_burgundy_NE.png 09-Apr-2012 04:58 1.1K
      frame_burgundy_NW.png 09-Apr-2012 04:58 1.1K
      frame_burgundy_S.png 09-Apr-2012 04:58 7.4K
      frame_burgundy_SE.png 09-Apr-2012 04:58 1.1K
      frame_burgundy_SW.png 09-Apr-2012 04:58 1.1K
      frame_burgundy_W.png 09-Apr-2012 04:58 6.2K
      frame_cork_E.png 09-Apr-2012 04:58 21K
      frame_cork_N.png 09-Apr-2012 04:58 23K
      frame_cork_NE.png 09-Apr-2012 04:58 1.7K
      frame_cork_NW.png 09-Apr-2012 04:58 1.7K
      frame_cork_S.png 09-Apr-2012 04:58 23K
      frame_cork_SE.png 09-Apr-2012 04:58 1.7K
      frame_cork_W.png 09-Apr-2012 04:58 20K
      frame_cork_tape_N.png 09-Apr-2012 04:58 5.2K
      frame_cork_tape_S.png 09-Apr-2012 04:58 5.2K
      frame_marble_blue_E.png 09-Apr-2012 04:58 13K
      frame_marble_blue_N.png 09-Apr-2012 04:58 11K
      frame_marble_blue_NE.png 09-Apr-2012 04:58 1.3K
      frame_marble_blue_NW.png 09-Apr-2012 04:58 1.3K
      frame_marble_blue_S.png 09-Apr-2012 04:58 11K
      frame_marble_blue_SE.png 09-Apr-2012 04:58 1.3K
      frame_marble_blue_SW.png 09-Apr-2012 04:58 1.3K
      frame_marble_blue_W.png 09-Apr-2012 04:58 12K
      free_speech.jpg 09-Apr-2012 04:58 4.6K
      fun.gif 09-Apr-2012 04:58 74
      fun_bk.gif 09-Apr-2012 04:58 73
      fun_up.gif 09-Apr-2012 04:58 72
      ga_topo_map.jpg 09-Apr-2012 04:58 8.0K
      glow.png 09-Apr-2012 04:58 233
      god.gif 09-Apr-2012 04:58 74
      god_bk.gif 09-Apr-2012 04:58 73
      god_up.gif 09-Apr-2012 04:58 72
      gradient_blue.bmp 09-Apr-2012 04:58 942
      happy-holidays.jpg 09-Apr-2012 04:58 184K
      heart_need_space_ani.gif 09-Apr-2012 04:58 13K
      home.bmp 09-Apr-2012 04:58 774
      home.gif 09-Apr-2012 04:58 915
      home_biz.jpg 09-Apr-2012 04:58 28K
      home_left_biz.jpg 09-Apr-2012 04:58 1.8K
      home_right_biz.jpg 09-Apr-2012 04:58 1.6K
      home_right_bottom.jpg 09-Apr-2012 04:58 2.0K
      home_right_top.jpg 09-Apr-2012 04:58 2.2K
      home_under_biz.jpg 09-Apr-2012 04:58 9.3K
      horizDivider.gif 09-Apr-2012 04:58 3.5K
      hue.gif 09-Apr-2012 04:58 228K
      hue.png 09-Apr-2012 04:58 187K
      hue_test.gif 09-Apr-2012 04:58 161K
      image_Constituting_America_130x130.png 09-Apr-2012 04:58 15K
      img_thanks_2.png 09-Apr-2012 04:58 8.5K
      ind_bk.gif 09-Apr-2012 04:58 73
      ind_up.gif 09-Apr-2012 04:58 71
      index.gif 09-Apr-2012 04:58 74
      ip.png 09-Apr-2012 04:58 1.2K
      jukebox_ani.gif 09-Apr-2012 04:58 12K
      lBackground.gif 09-Apr-2012 04:58 1.3K
      logo_ALPatriotHub.png 09-Apr-2012 04:58 37K
      logo_Constituting_America_100x130.png 09-Apr-2012 04:58 15K
      logo_ING_I_Save.png 09-Apr-2012 04:58 3.5K
      logo_SimilarMinds.gif 09-Apr-2012 04:58 4.2K
      logo_Will’sValleyChurch.jpg 09-Apr-2012 04:58 8.2K
      logo_buyrecycled.gif 09-Apr-2012 04:58 6.5K
      logo_buyrecycled.jpg 09-Apr-2012 04:58 9.2K
      logo_cafepress2.jpg 09-Apr-2012 04:58 3.3K
      logo_desktop.png 09-Apr-2012 04:58 74K
      logo_freshstep.jpg 09-Apr-2012 04:58 4.6K
      logo_fso.gif 09-Apr-2012 04:58 1.6K
      logo_geico_gecko_green.gif 09-Apr-2012 04:58 6.4K
      logo_googleballs.gif 09-Apr-2012 04:58 4.1K
      logo_habitat.gif 09-Apr-2012 04:58 1.1K
      logo_icrav.rat 09-Apr-2012 04:58 8.6K
      logo_lovehappens.gif 09-Apr-2012 04:58 1.8K
      logo_monster.gif 09-Apr-2012 04:58 3.6K
      logo_peeps.jpg 09-Apr-2012 04:58 7.1K
      logo_personalitycafe.gif 09-Apr-2012 04:58 7.8K
      logo_phpjunkyard.png 09-Apr-2012 04:58 1.2K
      logo_tsg.gif 09-Apr-2012 04:58 3.2K
      logo_year_of_astronomy.jpg 09-Apr-2012 04:58 11K
      magic8ball.jpg 09-Apr-2012 04:58 2.7K
      mahjong.PNG 09-Apr-2012 04:58 2.1K
      microfilm.bmp 09-Apr-2012 04:58 1.4K
      middle.gif 09-Apr-2012 04:58 1.2K
      middle_every_03.jpg 09-Apr-2012 04:58 7.4K
      middle_home1.jpg 09-Apr-2012 04:58 7.8K
      middle_home3.jpg 09-Apr-2012 04:58 5.8K
      moon.bmp 09-Apr-2012 04:58 630
      moon.gif 09-Apr-2012 04:58 304
      napkin.swf 09-Apr-2012 04:58 61K
      nav_best.gif 09-Apr-2012 04:58 1.2K
      nav_best_down.gif 09-Apr-2012 04:58 1.1K
      nav_blank.gif 09-Apr-2012 04:58 855
      nav_connected.gif 09-Apr-2012 04:58 1.2K
      nav_connected_down.gif 09-Apr-2012 04:58 1.2K
      nav_gray.gif 09-Apr-2012 04:58 1.5K
      nav_safe_easy.gif 09-Apr-2012 04:58 1.2K
      nav_safe_easy_down.gif 09-Apr-2012 04:59 1.1K
      nav_start_here.gif 09-Apr-2012 04:59 1.1K
      nav_start_here_down.gif 09-Apr-2012 04:59 761
      nav_unlock.gif 09-Apr-2012 04:59 1.2K
      nav_unlock_down.gif 09-Apr-2012 04:59 1.1K
      next.gif 09-Apr-2012 04:59 1.3K
      next_sm.gif 09-Apr-2012 04:59 1.0K
      note_scrap_pushpins_760x210.png 09-Apr-2012 04:59 51K
      numbers_digital_grey.png 09-Apr-2012 04:59 1.2K
      paperbottom.jpg 09-Apr-2012 04:59 5.2K
      papertop.jpg 09-Apr-2012 04:59 17K
      people_reflection.jpg 09-Apr-2012 04:59 31K
      photos.gif 09-Apr-2012 04:59 911
      pi pie.png 09-Apr-2012 04:59 223K
      pixel_ruler.png 09-Apr-2012 04:59 1.6K
      pixelbar.gif 09-Apr-2012 04:59 1.3K
      polaroidold.swf 09-Apr-2012 04:59 54K
      postit_thanks-2.jpg 09-Apr-2012 04:59 9.0K
      postit_white.png 09-Apr-2012 04:59 3.5K
      postit_yellow_pushpin_red.png 09-Apr-2012 04:59 18K
      postit_yellow_pushpin_red_trans.png 09-Apr-2012 04:59 9.3K
      postitwon.swf 09-Apr-2012 04:59 19K
      prev.gif 09-Apr-2012 04:59 1.3K
      prev_sm.gif 09-Apr-2012 04:59 1.0K
      prom-survival-kit.jpg 09-Apr-2012 04:59 118K
      pushpins1.swf 09-Apr-2012 04:59 12K
      right_menu_about.jpg 09-Apr-2012 04:59 7.6K
      right_menu_contact.jpg 09-Apr-2012 04:59 6.2K
      right_menu_portfolio.jpg 09-Apr-2012 04:59 7.0K
      right_menu_services.jpg 09-Apr-2012 04:59 7.5K
      sch_bk.gif 09-Apr-2012 04:59 73
      sch_up.gif 09-Apr-2012 04:59 71
      school.gif 09-Apr-2012 04:59 74
      sci.gif 09-Apr-2012 04:59 74
      sci_bk.gif 09-Apr-2012 04:59 73
      sci_up.gif 09-Apr-2012 04:59 71
      seaworldtitle.gif-5a147b22-675bb157.gif 09-Apr-2012 04:59 2.1K
      setting_back.png 09-Apr-2012 04:59 1.2K
      sitemap.gif 09-Apr-2012 04:59 67
      smiley-face2.jpg 09-Apr-2012 04:59 70K
      smiley_biggrin_ani.gif 09-Apr-2012 04:59 152
      smiley_bonk_ani.gif 09-Apr-2012 04:59 1.0K
      smiley_chased_ani.gif 09-Apr-2012 04:59 20K
      smiley_clap_ani.gif 09-Apr-2012 04:59 1.7K
      smiley_crazy_ani.gif 09-Apr-2012 04:59 3.5K
      smiley_cry_ani.gif 09-Apr-2012 04:59 291
      smiley_curse_ani.gif 09-Apr-2012 04:59 1.9K
      smiley_frown_ani (2).gif 09-Apr-2012 04:59 376
      smiley_frown_ani.gif 09-Apr-2012 04:59 11K
      smiley_livid_ani.gif 09-Apr-2012 04:59 1.8K
      smiley_love_ani.gif 09-Apr-2012 04:59 379
      smiley_mad_ani.gif 09-Apr-2012 04:59 154
      smiley_nerd_ani.gif 09-Apr-2012 04:59 167
      smiley_nono_ani.gif 09-Apr-2012 04:59 234
      smiley_razz_ani.gif 09-Apr-2012 04:59 338
      smiley_redface_ani.gif 09-Apr-2012 04:59 369
      smiley_rolleyes_ani.gif 09-Apr-2012 04:59 1.7K
      smiley_rotflol_ani.gif 09-Apr-2012 04:59 3.9K
      smiley_smash_ani.gif 09-Apr-2012 04:59 770
      smiley_smile_ani.gif 09-Apr-2012 04:59 374
      smiley_sunglasses_ani.gif 09-Apr-2012 04:59 359
      smiley_super_ani.gif 09-Apr-2012 04:59 1.0K
      smiley_suprise_ani.gif 09-Apr-2012 04:59 1.2K
      smiley_thumbsup_ani.gif 09-Apr-2012 04:59 150
      smiley_toast_ani.gif 09-Apr-2012 04:59 2.2K
      smiley_welcome_ani.gif 09-Apr-2012 04:59 487
      smiley_wink_ani.gif 09-Apr-2012 04:59 585
      spacer.gif 09-Apr-2012 04:59 43
      sstm_jan11_V28Neither.png 09-Apr-2012 04:59 5.6K
      sstm_jan11_V28Somewhat Dissatisfied.png 09-Apr-2012 04:59 7.9K
      sstm_jan11_V28Somewhat Satisfied.png 09-Apr-2012 04:59 7.6K
      sstm_jan11_V28Very Dissatisfied.png 09-Apr-2012 04:59 7.2K
      sstm_jan11_V28Very Satisfied.png 09-Apr-2012 04:59 6.9K
      starburst.png 09-Apr-2012 04:59 12K
      starburst_bottom.png 09-Apr-2012 04:59 3.1K
      stationery_autumn_leaves.gif 09-Apr-2012 04:59 6.2K
      stop_watch.gif 09-Apr-2012 04:59 11K
      sun-moon.bmp 09-Apr-2012 04:59 1.1K
      sun-sm.bmp 09-Apr-2012 04:59 630
      sun-sm.gif 09-Apr-2012 04:59 382
      sun-tiny.gif 09-Apr-2012 04:59 168
      template.bmp 09-Apr-2012 04:59 59K
      template.gif 09-Apr-2012 04:59 2.1K
      test-postit-2.swf 09-Apr-2012 04:59 38K
      text.gif 09-Apr-2012 04:59 123
      ticket_admit_one_104x52.gif 09-Apr-2012 04:59 1.3K
      time_machine_wall.jpg 09-Apr-2012 05:03 1.3M
      tip150.png 09-Apr-2012 05:03 8.5K
      title2.gif-ad39be8-5eadb9b6.gif 09-Apr-2012 05:03 1.9K
      tootsie_owl.jpg 09-Apr-2012 05:03 35K
      tootsie_pop.jpg 09-Apr-2012 05:03 13K
      trav_bk.gif 09-Apr-2012 05:03 73
      trav_up.gif 09-Apr-2012 05:03 72
      travels.gif 09-Apr-2012 05:03 74
      turn-l.png 09-Apr-2012 05:03 225
      turn-rg.png 09-Apr-2012 05:03 223
      twitterbird.jpg 09-Apr-2012 05:03 3.6K
      upgrade.jpg 09-Apr-2012 05:03 35K
      v_about_designbydaniel.jpg 09-Apr-2012 05:03 5.4K
      v_home_designbydaniel.jpg 09-Apr-2012 05:03 5.2K
      v_portfolio_designbydaniel.jpg 09-Apr-2012 05:03 6.7K
      v_services_designbydaniel.jpg 09-Apr-2012 05:03 6.0K
      v_sitemap_designbydaniel.jpg 09-Apr-2012 05:03 7.4K
      value.gif 09-Apr-2012 05:03 346K
      value.png 09-Apr-2012 05:03 275K
      value_test.gif 09-Apr-2012 05:03 104K
      web.gif 09-Apr-2012 05:03 74
      web_bk.gif 09-Apr-2012 05:03 73
      web_black2_02.jpg 09-Apr-2012 05:03 2.2K
      web_black2_03.jpg 09-Apr-2012 05:03 8.8K
      web_black2_06.jpg 09-Apr-2012 05:03 2.5K
      web_black2_10.jpg 09-Apr-2012 05:03 4.3K
      web_black2_11.jpg 09-Apr-2012 05:03 3.6K
      web_black2_13.jpg 09-Apr-2012 05:03 6.3K
      web_up.gif 09-Apr-2012 05:03 71
      wp_Anemone Flower.jpg 09-Apr-2012 05:03 1.5M
      wp_Ascent.jpg 09-Apr-2012 05:03 62K
      wp_Aslan.jpg 09-Apr-2012 05:03 509K
      wp_Aspen Leaves.jpg 09-Apr-2012 05:03 935K
      wp_Autumn Leaves.jpg 09-Apr-2012 05:03 65K
      wp_Bashful Balloonfish.jpg 09-Apr-2012 05:03 44K
      wp_Black-Eyed Susans.jpg 09-Apr-2012 05:04 504K
      wp_Budding.jpg 09-Apr-2012 05:04 1.1M
      wp_Canyon Reflection.jpg 09-Apr-2012 05:04 1.2M
      wp_Chrysanthemum.jpg 09-Apr-2012 05:04 859K
      wp_Fall Leaves.jpg 09-Apr-2012 05:04 219K
      wp_Flame Flower.jpg 09-Apr-2012 05:04 600K
      wp_Flying Goldfish.jpg 09-Apr-2012 05:04 209K
      wp_Grasses.jpg 09-Apr-2012 05:04 296K
      wp_Mesa Arch Vista.jpg 09-Apr-2012 05:04 1.3M
      wp_Mesa Desert.jpg 09-Apr-2012 05:04 826K
      wp_Mossy Waterfall.jpg 09-Apr-2012 05:04 1.5M
      wp_Palm Frond.jpg 09-Apr-2012 05:04 597K
      wp_Penguins.jpg 09-Apr-2012 05:04 760K
      wp_Ripple.jpg 09-Apr-2012 05:04 468K
      wp_Snow Tree.jpg 09-Apr-2012 05:04 607K
      wp_Stamens.jpg 09-Apr-2012 05:04 1.4M
      wp_Stylized Vine.jpg 09-Apr-2012 05:04 315K
      wp_Succulent.jpg 09-Apr-2012 05:04 1.3M
      wp_Summerwood.jpg 09-Apr-2012 05:04 439K
      wp_Sunset Strand.jpg 09-Apr-2012 05:04 70K
      wp_Swamp_Tree.bmp 09-Apr-2012 05:05 1.2M
      wp_Trifid.jpg 09-Apr-2012 05:05 1.4M
      wp_Tulips.jpg 09-Apr-2012 05:05 606K
      wp_Wave Retreat.jpg 09-Apr-2012 05:05 1.1M
      yellow_antique.gif 09-Apr-2012 05:05 871

    • Are there systems where retmneiert is more loosely coupled than in Florida? In Florida, k-12 teachers explicitly agree to a long term tradeoff between low wages and adequate retmneiert with compensatory protection that is mischaracterized as tenure . (imho)

    • I’m glad you like it. We were walking by this, and I rmmbeeered the big rocking chair outside that plaza in Brampton. I know you mentioned that you had a picture of us on it, but don’t remember it actually being taken but either way I figured this was a great opportunity for a photo shoot.If someone else had been with us I would have asked for a picture of Jesse and I together.

    • FB and Gold, how do you value the two?

    • When there ar hundreds of well established medium and large American Companies making real physical products which maintain our quality of life, pays good dividends and are on sale manipulated by wall st financial engineers(weasels) why one should even read this asinine article leave alone by the pig poo stock packaged as organic(pig poo is organic)nutritious meal hich will bring financial bonanza (true to Morgan Stanley and Zuckerburg /his gang swimming in honey).

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
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/227548/composite GIS-1.77%
  • /quotes/zigman/424043/composite FXA-1.17%
  • /quotes/zigman/45845333/composite MDT-1.43%
  • /quotes/zigman/225940/composite EMR-1.31%
  • /quotes/zigman/453625/composite FXY+0.84%
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

Email address

Password

Forgot password?