The Fast Money traders share their final trades of the day.» Read More
Stocks edged slightly higher for the week amid wild daily swings, including on Friday, as the markets climbed back in the final minutes of the session to pare losses for the day nearly in half.
You might think that after creating a title that has over 12 million customers happily paying a monthly subscription fee, Blizzard Entertainment would be immune to some of the fears circling the video game industry.
Facebook, the social networking giant, is now valued at $65 billion and moving up 30 percent in the last six weeks, making it one of the most highly valued private companies out there today. This high valuation is a function of scarcity of shares that has created a supply, demand imbalance, according to one venture capitalist.
Stocks shrugged off a handful of robust economic reports to extended losses Friday as oil prices surged amid increased violence in Libya.
On Thursday the S&P 500 sees it’s biggest percentage and point jump since December 1, 2010 and yet the stock that is its best performer (+202 percent!) over the last 52 weeks, does not participate in the rally: Netflix spacer (NFLX). It closed down half of a percent, adding to the steady, quiet decline that has chopped $40 (18 percent) off Netflix’s stock price in 12 trading days.
US stock index futures lost ground after initially rising on the news of strong job gains in February.
Stocks ended sharply higher after rallying throughout the session Thursday as an upbeat report on jobless claims and falling oil prices led investors to retrace losses from earlier in the week ahead of a key jobs report on Friday. Caterpillar and Bank of America gained.
After appearing on "The Strategy Session" on Thursday, Bob Olstein, chairman and CIO of the mutual fund company Olstein Capital Management, continued the discussion off-air with Gary Kaminsky, about how sell-side research has changed as a result of trading in the moment.
"There are a lot of values out there because everybody is in the moment—there's ETFs (exchange-traded funds), there's minute- to- minute trading—and that's creating more and more deviations for people who look under the hood, and I think there's a lot of room still on the upside," Olstein said.
After famed strategist Doug Kass told us Colgate-Palmolive is the perfect fit for Warren Buffett, should this stock be on your radar? Maybe not.
Stocks rallied more than 1 percent across the board Thursday, fueled by a handful of upbeat economic news and as oil prices declined amid talks of a peace plan in Libya.
Stock index futures added to gains Thursday after the government reported an unexpectedly large drop in jobless claims.
The march towards Friday's jobs report has begun, and anything tied to employment is of big interest Thursday.
Japanese trading house Itochu plans to buy Britain's top tyre seller Kwik Fit [PAIPRK.UL] from European fund PAI partners for about 85 billion yen ($1.04 billion), a company source said on Thursday.
Stocks lost ground in the final minutes of trading but still showed resilience after Tuesday's sharp sell-off to end with modest gains, even as oil prices climbed above $100 a barrel. Caterpillar and 3M gained, while JPMorgan fell.
Stocks lost ground just before the close but largely showed resilience after Tuesday's sharp sell-off and held modest gains ahead of the close, even as oil prices climbed above $100 a barrel. 3M and Caterpillar rose, while JPMorgan fell.
Facebook is “probably not worth $60 billion today,” but it could be “at some point,” Michael J. Price, senior managing director of Evercore Partners, told CNBC Wednesday.
A certain frothiness has entered the market. It’s the kind of frothiness you get when fund managers, desperate not to miss the next leg of the rally, start chasing the riskiest stocks for a chance at outperformance. For proof you need look no further than the top 3 performing S&P 500 stocks so far this year.
Stocks turned negative as oil prices climbed back above $100 a barrel on news of Libyan air strikes, and as Federal Reserve Chairman Ben Bernanke spoke before Congress for a second day. Boeing and McDonald's fell, while 3M rose.
U.S. stock index futures slipped slightly lower despite a stronger-than-expected report on private sector jobs as tensions in the Middle East and rising oil prices continued to weigh on stocks ahead of more Congressional testimony from Federal Reserve Chairman Ben Bernanke.
NEW YORK, Dec 11- Citigroup Inc named Duncan Hennes, a co-founder of bank advisory firm Promontory Financial Group and a former CEO of Soros Fund Management, to its board of directors on Wednesday.
Dec 11- British bus and rail operator FirstGroup Plc has received a letter from one of its biggest shareholders, urging the company to sell its U.S. businesses in order to pay down debt, the Financial Times reported.
Bruce Wrobel, who until recently ran Blackstone Group's Sithe Global Power unit, has died.