A report from Goldman Sachs said Wall Street's rally will end next year, leaving investors with low returns. Bruce McCain, Senior VP & Chief Investment Strategist at Key Private Bank, explains why he disagrees.» Read More
As we all know, the Visa (V) IPO priced last night at $44 per share, above its range of $37 - $42 per share, raising $17.9 billion, and beating the previous record held by the AT&T Wireless IPO back in 2000, which raised $1 billion.
The Federal Reserve announced a 75 basis point cut to its Fed Funds Target today, bringing the rate down to 2.25%, its lowest level since January 2005. The Fed has now cut the rate by 3.0% since it began easing in September of last year. How does 300 basis points over 180 days compare to past easing periods?
Dow Industrials newcomer Bank of America leads the list as the highest current yielder of all 30 Dow stocks. Chevron, the other recent Dow addition enters the list with a 2.7% yield.
For the week ending Friday, March 14, 2008 the US Markets ended mixed. Market moving events include the Fed's $200B expansion of its securities lending program and the Bear Stearns bailout, amongst others leading to extreme market volatility. The Dow gained 417 points on Tuesday, only to lose the majority of its gains to close up only 0.48% for the week. The VIX crossed 30 for the first time since January. Next week, the markets will watch for the the FOMC announcement on interest rates Tuesday, the Visa IPO on Wednesday, and a slew of brokerage earnings including Goldman Sachs, Lehman Brothers, Morgan Stanley and possibly Bear Stearns.
The major U.S. indexes were a mixed bag this week, all close to flat, while commodities continue their record setting pace, and the US dollar falls to new lows.
The markets continue to rally after yesterday's huge gains. As of 11:30, the Dow is up over 530 points in the past two days. Here are the best two-day runs in history...
Beware the Ides of March? Not if the Markets say so. With the markets soaring today, I looked up some of the biggest gains of all time. Interestingly, the Dow and S&P have had their best days in points and percentage in mid-March. Here are some stats on the biggest gains...
With the Fed adding $200 billion in cash to the credit markets, the Dow surged on the open. Here are the biggest opens of all time.
Market performance for the leap year month of February in negative territory for the Dow, S&P, NASDAQ in stark contrast to white hot commodities. In February alone, Palladium is up almost 45%, Platinum is up almost 26%, and soy oil is up close to 27%.
Since the start of the Dow in 1896, there have only been 19 Leap Years with February 29 falling on a weekday including today. The last occurrence was eight years ago in 2000. Here's how the markets performed on this rare day...
The Dow closed with a triple digit loss today, the 20th plus/minus 100+ point move of the year. That's 20 moves in 31 sessions.
Historically, the major market indices have been flat on Feb 14. Will today be different? Here are the best and worst V-day's on Wall Street...
With a 5.6% dividend yield, Pfizer is currently the highest yielding stock in the Dow Jones Industrial Average and ranks 20th in yield on the S&P 500. As a point of comparison, 30 Yr treasuries and the Lehman Aggregate Bond Index are yielding about 4.5%. The Lehman Corporate Bond Index is yielding 5.55%. So is it the time to buy PFE?
On a whim and based on Darren Rovell's interview with Sports Illustrated Covergirl Marisa Miller, I did a quick scan on how the Dow and S&P performed in years that the SI Swimsuit Issue cover featured a blonde versus a brunette. You won't believe what I found...
The changes announced Monday have Cramer baffled.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.
Dow Jones announced two new Dow components today, the first change to this major market index since 2004. Honeywell and Altria are out while Chevron and BofA are in. See how long the remaining 28 components have held their positions...
The Dow Jones Industrial Average, the most widely known barometer of the U.S. stock market, is making the first change in its lineup of 30 stocks in nearly four years, dropping Honeywell and Altria and adding Chevron and Bank of America.
For the week ending Friday, February 08, 2008 all major US Indexes ended down over 4% driven by weak economic data, a contractionary ISM Services number - the worst since 2001, Fed Speak, and the ECB holding rates steady.
After a big rally last week, the Dow, S&P and NASDAQ are down big over the past two days. This is the first time since January 2003 that all three indices are simultaneously down over 3.5% in a two day period.
As Darren Rovell pointed out, the market historically has outperformed when an original NFL team wins the Super Bowl and lags when an orginal AFL team wins. We decided to look at the market's performance of AFL / NFL teams as well as the current AFC / NFC split. Either way you slice it you gotta say GO GIANTS!!!!!!!