I was supposed to be on a plane right now to Denver, and then drive to Avon, Colorado, to "stake out" the Countrywide junket for lenders at the Ritz Carlton (see post from colleague Diana Olick). But after the Wall Street Journal reported the detes on the luxurious ski trip for 30 smaller lenders--Countrywide decided to nix the annual funfest.
In the never-ending battle between Coke and Pepsi, Cramer offers up a new best-of-breed.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
This is a big week for defense earnings, with Lockheed Martin and Northrop Grumman today both topping street estimates and Lockheed's CFO saying he sees "no huge risks" to big defense projects no matter who becomes president.
Finally, an oversold rally; the Dow moved 225 points the last 90 minutes. It was the first close at the highs for the year; financials led, but beaten up groups like airlines also posted a nice rally. Defense stocks rallied as well.
On Tuesday night, the Pentagon issued a $2.7 billion order for 3,100 more Mine-Resistant Ambush-Protected vehicles, or MRAPs -- designed to protect troops from roadside bombs in Iraq. Herer are the seven manufacturers that will gain from the order.
Some bull markets are ephemeral and some last for years. Cramer thinks the defense stocks have nowhere to go but up. Here's his favorite.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
It is up to Airbus, not Germany, to assess what impact the weakness of the dollar against the euro has on the European planemaker's business prospects, the German Economy Ministry said on Friday.
An oil price "bubble" was not due to any shortage but was fuelled by global political tensions, a leading Iranian oil official told the state broadcaster.
Both General Dynamics and Northrop Grumman beat Wall Street expectations Wednesday with their quarterly profit, as rising demand helped the defense-sector companies post bumper revenues.
Billionaire investor Carl Icahn further boosted his stake in BEA Systems to 13.22%, according to a regulatory filing.
Diversified manufacturer Emerson Electric agreed to buy a Motorola unit that serves the telecommunications, medical and defense industries for $350 million in cash, the companies said Friday.
A shareholder in BAE Systems has filed a lawsuit against the British defense company's board and other individuals which seeks damages stemming from past arms deals with Saudi Arabia.
What more can be said about the Fed's rate cut? Did Greenspan get us into this mess? Is Bernanke caving in getting us out? Are both trying to be popular? Here's my question: is Greenspan suddenly like Britney (we thought he was so hot but now...), while Bernanke is K-Fed (a strange background ornament who suddenly looks responsible)?
Shares in Britain's BAE Systems climbed as much as 4.4% on Friday after a newspaper reported it will clinch a 20 billion pound ($40.5 billion) deal to supply fighter jets to Saudi Arabia next week.
Germany has arrested three men it suspects of belonging to an Islamist terrorist group and planning attacks on Frankfurt international airport and a major U.S. military base, German officials said on Wednesday.
China on Tuesday rejected a report that hackers controlled by its military had successfully entered a Pentagon network, calling the claim a product of "Cold War" thinking.
BAE Systems beat estimates with a 17% rise in mid-year underlying profits on Thursday as its armored vehicle business boosted growth.
General Dynamics posted lower second-quarter profit Wednesday, but beat Wall Street expectations on strong demand for its business jets and military vehicles.
Northrop Grumman said Tuesday second-quarter profit rose, as the defense contractor raised sales of its information technology systems and services.
Lockheed Martin, the world's No. 1 defense contractor, Tuesday reported a greater-than-expected 34% rise in second-quarter profit, helped by higher revenue from its combat aircraft and electronic systems units and lower pension costs.