this is "nightly business report" with tyler mathisen and susie gharib. brought to you by -- >> thestreet.com. interactive financial multi media tools for an ever changing financial world. our dividend stock advisor guides and helps generate income during a period of low interest rates. real money helps you think through ideas for investing and trading stocks. action alerts plus is a charitable trust portfolio that provides trade by trade strategies online, mobile, social media, wearethestreet.com. >> blue chip bonanza, the best

first half since 1999 but can the gains continue and should you invest now? >> the market monitor guest answers your stock questions tonight. down on the farm, are you paying more at the grocery store? a report suggests relief may be on the way. open enrollment, just 100 days away and those looking to buy health insurance on the newly formed exchanges, the options and cost will vary widely. we have and and more on "nightly business report" for this friday, june 28th. good evening everyone. if the stock market had a coach this evening's half time speech would probably go something like this, good first half, good second quarter but you started to mess up at the end. at today's midway trading point was the best half part perfo performance in five years for the s&p 500 and the best since 19 9.

nasdaq gained 13% this year. the numbers for the second quarter were nice, too with gains. nasdaq led the way 4.1% but june, june was another matter. dow, nasdaq and the s&p all were negative for the month breaking monthly win streaks at six for the dow and seven for the nasdaq and s&p. the indexes spooked by the fed talk and sharply rising interest rates up from the closing highs a month ago. stocks gains roughly 1% but today's trading on the second heaviest volume of the year was mixed. the dow closing near session lows fell 115 points. the nasdaq was able to squeeze out a one-point gain and the s&p 500 closed down a little bit, about seven points at 1606. gold did recover some of it's luster today. it rose $12 an ounce, but had the worst quarter on record and

is down 27% for the year so far. tyler, the other big story today, blackberry, it's stock was one of the biggest decliners. shares plunged nearly 28%. investors dumped the stock after the company posted a surprising quarterly loss and a big drop in subscribers and things don't look so good for the future. the company warned of more losses, blackberry lost 13 cents a share and revenues lower than expected. what is next for blackberry and can it ever wow consumers again? we get some answers. >> reporter: wall street is losing confidence in blackberry after reported earnings today. shares are down 93% from the record high hit in 2008. back then blackberry was considered a high tech giant with a cutting edge smart phone on the market but as competition ramped up from apple and google, blackberry looked the other way

refusing to admit it would lose market share. since the came out on june 29th, 2007, shares are down more than 80% that equates to $31.5 billion. blackberry realized it had to provide a touch screen device with fun apps, a high tech camera and the features the phones were offering. the new blackberry z 10 and q 10 ton phone gas vs came out this year, seems to be too late. >> they have 5% of the market share but north of 35 to 40%. they did dominate the north american landscape and globally they were doing pretty well. so as you can see, the company has declined substantially since it's peak. people thought this was the end of the beginning, but now it appears that this is the beginning of the end for the company. >> while analysts were excited about the launch, consumers seem

to be obsessed whether android run phones and apple iphones. >> i got used to the iphone. i haven't missed my blackberry at all. >> i don't like the keyboards on the blackberry. i'm using my thumb. on my android, i swipe. >> i like the usual touch type. >> my husband had a droid. he suggested i try the iphone. my son has all apple equipment, so we're the apple family. >> the company can make a come back -- and that transitions take time. for "nightly business report." a very different story at noodles and company today. the colorado based casual dining chain began selling shares for the first time today and the stock soared. ceo kevin ready a former executive at chipotle is confident about the pasta based restaurant's feature as it plans

to expand nationally. >> we've been one of the best performing restaurant brands in the five years. we have double digit unit growth and will plan to continue that path and take globally inspiere dishes. opened today, closed today, up 104% the best performing ipo this year. turning to the bond market, investors had been bailing out of bonds during the quarter and the municipal bond a record $4.5 billion from funds for the weekending june 26th. for the month on june they pulled out nearly $10 billion according to lipper. how should investors position portfolios? natalee cohen. i know you think there is screaming buys in the uni bond

market but i want to start out with investors that already owned individual municipal bonds or uni bond funds. what should they do now? >> you have to get back to volatility, fundamentals that tell you to have a diversified portfolio and that's bond funds, as well. you can have a shorter duration fund, slightly longer. if you have all of your assets in a long fund and the fund sells off, obviously, you're going to take a hit. so you should apply the same fundamental strategy as you would if you were purchasing individual bonds, and, you next lattering a portfolio for example. >> i mean, this is not -- the raise in interest rates is not all bad news, i suppose for people who own individual bonds because they, if they don't sell them, they don't take a loss on them and if you're buying new individual bonds, you're getting a higher yield. what would you recommend for the

individual investor who wants income? that's all they care about, should they buy individual uni bonds if it helps them from a tax advantage standpoint or go into a fund? >> right now, this week, at the beginning of the week there was some bonds -- this is a very heavy volume week and that's coincidence unrelated to announcements by the fed and so on. that bonds got very cheap, and so retail investors saw the after tax advantage of purchasing individual bonds. you know, we would say as far as those that hold funds that it's extremely hard to time the market. you can't just say well, i lost. i got to get out because you don't know what will happen next week, next month and so on. so yes, we all believe that interest rates are going to be rising at some point in the future. they have risen in the last two

weeks, and have steadily. so, you know, you need to position yourself with diversity in terms of length of time, shorter medium term and so on. >> you know, natalee, you've been talking about fundamentals of investing in uni bonds. as investors see headlines, states have more surpluses, that's good news and headlines of cities that are having financial problems like detroit. what is the most important tip that you can give investors as they knanavigate looking for a investment except the yield? >> accept brett the credit issues from the market. those are different and get blurred together often times in the headlines. state general obligation bonds are very strong, including for example, the state of illinois, which has in it's contusion that it has to pay the general obligation bonds. if you're a more adventurous

investor and want to go down the credit scale, what we see as stronger are what are called revenue bonds or dedicated taxes. those tend to be outside of bankruptcy. they are not affected by any kind of a bankruptcy. >> thank you for giving that. >> thank you. >> natalee cohen is head of municipal research. how they release the monthly manufacturing data if investors might receive market moving information before it's released to the public. >> there is another government investigation we want to tell you about, this one from the justice department over the merger of american airlines and u.s. airways. the sticking point, anti trust issues. they want to know whether the combined airline, which would be the world's largest carrier will

sell plane slots, take off and landing rights or reduce rights to washington's regan's airport. they would have more than delta and united. ford motors is recalling 1300 trucks and suvs to repair child locks on rear doors. google is going into gaming. the search giant is taking direct aim at microsoft xbox and nintendo's wii. google unveiled plans to make a wristwatch like device that would run the android operating system. apple is rumored to have it in the works, as well. how the cold and wet midwest spring may impact the price you pay for goods at the grocery store but first a look at the

best performing sectors in this first half of 2013. very, very hot, most of the nation's southwest is in a record-breaking heat wave. excessive heat for arizona, utah and nevada in effect until monday. 109 in las vegas. daytime temperatures throughout the region are expected to reach triple digits of course today, over the weekend, all time record of 117 degrees in las vegas could be broken saturday.

now despite the heat, there was some good news today from the agriculture department about the nation's corn crop. despite a severe drought last year and a very wet spring this year, corn is doing a lot better than expected right now. jane wells has more. >> reporter: for months americans notice higher prices for all kinds of groceries. >> i probably spend like $700. >> aspare gis $7.99 a pound. >> we have a problem. >> reporter: jerry grows corn and soybeans outside chicago. what a difference a year makes. >> this plant is behind. you can't find evidence of an ear. >> reporter: an epic drought hit the corn belt. this year the problem is too much rain. still, the usda predicts farmers

will plant 97 million acres of corn this year, the most since 1936. they are estimating near 78 million acres of soybeans, a record and more wheat is going. most goes to feed livestock, which is a reason why meat prices are so high, especially beef in your burger so these large planting numbers from the government really surprise the future market. all the prices of grains went down especially corn because more corn means lower prices. after hitting $8 a bushel last fall, he says corn prices this year could fall to half that, back to what used to be normal. >> at the last minute i converted 10 to 15% from soybeans to corn. i got trapped mostly in that idea and i heard how wet it was in minnesota and iowa so i planted the corn. and we'll just see how many other people think like i do. >> reporter: it appears many thought like he did.

america may see a bumper crop of amber waves of grain. i'm jane wells. a case of contaken leads. ibm sandbagged in relation to ibm competing in it consulting and excenture and sparked concern the business is slowing. the part dropped more than 10% on 10 times normal volume and ibm was off 2.3%. at the other end of the dow, chart intel was a gainer as the new leadership team said the tiny atom chip will be a star in smart phones and tablets, but ceo brian was lesser about how to capitalize on intel's set top box for internet video delivery. remarked on intel gaining less than a percent and closed at $24.23. a week of three-digit pops

and drops home depot was a gainer. for the week, hd was up almost 5% closing at $77.47. a farm suit kill was a top s&p 500 gainer. the anti antiinflammatory treatment was recommended for use in europe. shares jumped 6% on triple the normal volume to close at $38.31. jetblue founder david is reportedly putting together an investment fund to buy back his old company and merge it with the brazilian startup airline. the report in a newspaper is true. shares gained nearly 3.5% on heavy volume to close at $6.29. a weekly market monitor guess tonight says the good news for investors is that the stock market has gone through the correction, that's a reason why he's positive welcome back and

equities at the funds. howard, good to see you. >> nice to be here, tyler, thank you. >> terrific, make your argument as to why the second half of the year, maybe not as good as the first half with double digit gains for the dow, s&p and nasdaq but a good one. >> a positive earning surprise in the first quarter this year with earnings up 5%. more is in store for the second quarter and this particular quarter will be the weakest of the year, but we think we'll see upside earning surprises and an acceleration of growth. so positive earning surprises driving stocks to new highs this summer and perhaps to $17.40 or higher by year end. >> we'll do something different tonight, as you know. we asked viewers to give us your stock questions and we got lots of them on micron turknology. a former employee royalest, i'm interested in why mu has a six-month runup from the $6

range to $13. what is driving the stock? >> this is one of the leading domestic producers of memory chips, which is very much a commodity-like business and some have fallen out of that business in recent years. business is good. they report add good quarter a little over a week ago. good top line, bottom line and margins. that's the good news. the bad news is this stock more than doubled so far this year. it's a notoriously volatile business. i would take my queue from the insiders and they have been selling. selling around $10 a share in april, another flurry of selling in early june. 12 and $13 a share, stocks now $14 a share. i'd rather be a seller and take my chips off the table here. >> very interesting analysis, that's great. nick in california wants to know about true luxury stock. he wants to know about true ones like tiffany.

60 to 70% range and what do you think about luxury like tiffany? >> tiffany is one of the true jewels, so to speak, in luxury retailing business and consumer net worth has recovered to previous recession levels, and the high-end consumer is back here as well as in japan. we saw that in the first quarter numbers for tiffany, which were very good. i have an $82 price target, which would be 12 times earnings. i'm a long-time owner of tiffany. a great long-term investment. >> brian would like to hear about a stock related to a positive area of the economy housing, usg, the old united states gypsom. >> they make wall bored and housing products. they have been through bankruptcy twice in the last 25 years and litigation associated with it in the past. that makes me hesitate to

recommend it. he owns 15% of the company. i don't know if they will buy more or not but that's a good endorsement. they know this company better than i do. there are cleaner ways to play housing. toll brothers, might be more appropriate for some. >> let's get a 15-second comment on price line, another one of your favorites, not one that necessarily was on the viewer's minds. the stock was trading 118 and now at $8.25. do you like it? >> conviction for price line has grown greater as consumer confidence continues to rise to a five-year high this company could sell at 25 times earnings by the end of the year with a stock price around $1,000. mid 20% growth and 25 times earnings would be appropriate. it's full steam ahead for price line. >> thanks for answering our viewers' questions this week and thanks to the viewers for sending them in. >> thank you. >> he's chief investment officer

at caballi funds. health care exchanges are just 100 days from being rolled out but the options for individuals and small businesses could be different. >> let's look at the stop performing dow stocks of the second quarter. new york city's empire state building must be a popular structure. the owners received the third unsolicited offer to buy the landmark building. the latest of more than 2.1 billion-dollar offer from thor equities. meanwhile, paula deen not so popular these days. more companies are cutting ties with the celebrity chef after

she admitted using racially charged language in the past. sears, walgreens and jcpenney announced they are ending the relationship with deen and follows walmart, target and home depot and sponsors to stop selling her cookware skprand products for the home. to educate and enroll 7 million americans about healthcare coverage under the new obamacare laws, and who are those workers? the nation's librarians. since publish libraries have computers upwards of 17 thousand librarians will be trained to help uninsured individuals navigate the websites that outline the new health care marketplaces set up by washington and individual states. it is the one-year anniversary since the affordable care act. one of the requirements,

american adults need to get health insurance. for individuals of small businesses, the options and cost will vary greatly depending on your age and where you live. bertha coombs has more. >> i have to make sure that i take time off when i feel a little bit off. >> reporter: david is going without health insurance this year after launching a solo consulting practice in washington. due to preexisting conditions, he was denied coverage by all but one plan that cost 1$1500 a month. he will have to buy insurance or pay a fine next year and because he earns more than $45,000 a year, he won't qualify for tax credits to make it afford b. >> nobody knows how much it will cost but the big benfect i'll finally be able to get health care. washington's health exchange proposed 2014 rates.

estimates range from $170 to $330 a month for a man his age, and $300 to $600 a month for those in their 50s. small business plans start at about $120 a month for a 20 something worker to $600 a month for a baby boomer. exchanges in washington and states building their own health insurance marketplaces will likely see the widest plan options. for the self-employed and small businesses here in new jersey and more than two dozen other states that opted for federally built exchanges, it could be a different story. the obama administration hasn't published rates and plan offering and the analysts say the options are likely to be limited. >> the small business exchange isn't going to be able to provide as many options as intended. in fact, small business owners are only able to enroll all employees into one exchange plan, which is really not different than the status quo.

>> reporter: some may be tempted to renew what they have. >> all of the premium and help for paying for coverage will be in the exchanges. >> reporter: david for one, can't wait for open enrollment to begin october 1st. >> i love the idea that i will not be able to be denied because i'm plus sized and because i had childhood as ma. >> reporter: in the meantime, he's trying to stay healthy. for "nightly business report," i'm bertha coombs. >> finally tonight, this was a pretty good year to be the queen of england. records released by buckingham palace shows she had a 5% gain in the portfolio this year on a profit of $380 million. most of that gain is from the increased value of the so-called crown estate. property holdings include much of tony london's street and other great real estate and her

horse won a week ago. good year to be queen. >> that's it for us. good year and got night for us. thanks for watching, see you next week. >> i'm tyler mathisen, have a great weekend everybody. we'll see you monday. "nightly business report" has been brought to you by -- >> thestreet.com, interactive financial multi media tools for an ever changing financial world. our dividend stock advisor guides and helps generate income during a period of low interest rates. real money helps you think through ideas for investing and trading stocks. action alerts plus is a charitable trust portfolio that provides trade by trade strategies online, mobile, social media, wearethestreet.com.