If you're feeling good about the market, you're not alone.
Take my hand as we go over some of this week's more uplifting
headlines.
1. Getting the Schwab done
There's a new player in the ETF space.
Charles Schwab (Nasdaq: SCHW)
launched four exchange-traded fundson Tuesday, giving
investors a new way to play large caps, small caps, and
international stocks.
Schwab isn't phoning it in here. The ETFs have dirt cheap
expense ratiosbetween 0.08% and 0.15%. The discount
broker is also sweetening the offerings by making them
commission-free for Schwab customers.
Low expenses? No commissions? If Vanguard and its
conventional indexing cronies aren't worried, it's probably
because they're still haunted by those creepy Schwab ads with
the rotoscoping animation.
2. Don't get mad, get satrad
Satellite radio's signal isn't fading after all.
Sirius XM Radio (Nasdaq: SIRI) had nearly as
many
nuggets of good newsin its latest quarterly report as its
receivers have channels .
The company also broke from its radio silence. CEO Mel
Karmazin had suspended providing any kind of guidance beyond
adjusted operating income targets a year ago. Sirius XM is
now comfortable in also forecasting that its subscriber count
will grow next year.
I guess you can't spell Karmazin without karma.
3. Come on in, the IPO waters are fine
Debutantes are still welcome down Wall Street, as long
as they bring their pedigree papers.
Hyatt Hotels (NYSE: H) and
Ancestry.com (Nasdaq: ACOM) went public
yesterday, never trading below their IPO prices. The hotelier
and genealogy website closed 12% and 5% higher,
respectively.
Only a handful of companies have braved the brutal
underwriting environment to go public this year. The key to a
successful debut appears to be a recognized brand and some
kind of financial momentum to win over the first wave of
buyers.
4. A marketing pitch in 140 characters or
less
If Twitter isn't ready to monetize its site, leave it
to
Amazon.com (Nasdaq: AMZN). The world's most
popular online retailer is giving its affiliate marketers
something to tweet about.
Members of the Amazon Associates program now have a "
Share on Twitter" button on every Amazon.com product
page. The option immediately creates a Twitter update,
complete with a shortened link containing the associate's
referral code. In other words, if someone buys an Amazon
product from that link through Twitter, the affiliate makes
as much as 15% on the sale. Continued... |