Michael Dudas of Sterne Agee CRT discusses how the Fed will impact gold's next move with CNBC's Jackie DeAngelis and the Futures Now Traders.» Read More
The key number behind (underneath?) Intel's bottom line: gross profit margins. Read on to see what else you should watch in this afternoon's key earnings report.
With April 15 here, many of us have finished our taxes and can again think about other financial matters. Perhaps you are considering taking your refunds and investing them in the markets. Here is how the market has performed historically on and after tax day.
Can we please get some upside earnings reports this quarter? No financial exposure here. Instead, this Dow Industrial has plenty of overseas business to be helped by the weaker dollar and guardedly optimistic expectations for key business segments.
For the week ending Friday, April 11, 2008 the US Markets ended the week in negative territory. There was not a lot of movement in the markets for most of the week, as the major indices traded on a mix of news including same store sales, record highs in oil, flight cancellations from major airlines, and disappointing first quarter results from Alcoa (AA). The markets tumbled on Friday on General Electric's (GE) disappointing earnings.
The Dow, NASDAQ and the S&P 500 are all negative for the week fueled by GE's almost 13% decline on Friday.
GE surprised the street this morning with an unexpected 6% drop in first quarter profits. EPS missed by 7 cents a share. As a result, GE opened this morning down about 11%. If this holds, this will be the biggest one day drop for GE since the 9/11 attacks.
It's hard to get more diverse than General Electric: jet engines, high finance, even business news websites (i.e., this one). For that reason, its quarterly report gives an insightful look into how the rest of earnings season may turn out.
With good news from Walmart and Goldman CEO Blankfein saying we are closer to the end of the current financial crisis than the beginning, the markets are rallying. Is Blankfein right or is it the calm before the storm?
Alcoa's profits are expected to be down some 40% in the first quarter, but that didn't stop the company's shares from surging 24% since the last earnings report. How did they do that?
For the week ending Friday, April 4, 2008 the US Markets all ended the week up over 3% or more holding on to the gains from Tueday's big rally. This is the third consecutive week of gains for the NASDAQ, something it has not had since October of last year.
The equity markets end the week sustaining their gains from the April Fool's rally with the NASDAQ once again in the lead, in the positive for the last three weeks.
With today's hearings in Washington on the JP Morgan Chase buyout of Bear Stearns, here is a look at how the Financials and Home Builders have faired since their close the Friday before the deal was announced.
Is this a return to the bull market of the past? Maybe. But maybe not.
Thank goodness Q1 is over! Here's a summary of month-end and Q1 stats for stocks, commodities and currencies...
The Dow, S&P and Nasdaq are just points away from breaking their monthly losing streaks at 4 straight months of losses. Here's what they would need to rally today to have their first positive month since October:
For the week ending Friday, March 28, 2008 the US Markets ended mixed after starting on a high note Monday extending last week's market rally. The winning streak came to an end on Tuesday when the Dow closing down for the first time in three sessions. The NASDAQ had the strongest performance of the week managing a positive gain despite weak earnings from Oracle and poor performance from Google . Economic data dragged on the markets with consumer sentiment and confidence at low levels and negative housing data.-Next week the markets will watch Friday's jobs report for evidence of recession, and any revisions on guidance as we move into earnings season. Alcoa kicks off "official" earnings season on Monday, April 7th after the bell. The big companies for next week all hit on Wednesday with RIM , Monsanto and Best Buy all reporting earnings.
The major U.S. indexes were a mixed bag this week, all close to flat, commodities halt their record setting pace, and the US dollar manages to hold its ground against most major currencies.
With the big rallies of the past few days, many are wondering if we have hit a bottom. If history is any guide, the biggest returns come within the first few months of troughs. Here are some recent examples...
For the short week ending Thursday, March 20, 2008 the US Markets ended up. Market moving events include the JP Morgan Chase takeover of Bear Stearns and a Fed rate cut of 75 basis points. The Dow gained 420 points on Tuesday, only to give back 293 points the next day. A rally today kept the Dow, S&P, and NASDAQ up 3.43%, 3.21%, and 2.06% for the week, their best performance in 7 weeks. Next week, the markets will watch for the economic data including Durable Goods, GDP, and Personal Income numbers. Earnings from Lennar (LEN) will give another read on the housing sector.
The Markets end this volatile week to the upside with their best gains in 7 weeks. Here is a summary of major indices, sectors and currencies.