Will this week's earnings reports confirm that the economy is improving? Jim Iuorio and Rich Ilczyszyn discuss with Jackie DeAngelis.» Read More
For this Green Week ending, April 25, 2008 the US Markets ended the week slightly to the upside driven by a comeback in the dollar, a streak of records for crude oil, better than expected jobless claims, 26-year low consumer sentiment, surprise earnings, and a 10 point victory for Hillary Clinton in the Pennsylvania Democratic primary.
Earnings and commodities ruled the week. The NASDAQ led the major US indexes in gains up almost 1% for the week. The S&P 500 closed above 1,395 breaking through the February highs and a major resistance level.
Talk about drama: Microsoft's $44 billion offer for Yahoo is coming down to the line and CEO Steve Ballmer is talking tough. If that wasn't enough, Ballmer hinted about a new lease on life for Windows XP.
The S&P Energy sector is up almost 8% for the week led by BJ Services up over 16% this week.
Pfizer's slide continues. The stock has now fallen below $20 for the first time since 1997.
AT&T has been around in one form or another forever. Yet it's still offering myriad new services -- U-verse, exclusive iPhone service in the U.S. and more. Can AT&T keep up its double-digit earnings growth?
For the week ending Friday, April 18, 2008 the US Markets ended the week rallying on earnings news. The Dow had its best week since Feb 1 and rallied 256.8 points on Wednesday and another 228.87 points on Friday, for its biggest point gains since April 1st.
The equity markets end a strong week fueled by earnings, commodities continue to climb, and the dollar strengthens.
This wasn't fun to write. In Friday's earnings report, writedowns, job cuts and turnaround plans will likely speak louder than any successes Citigroup had doing, you know, banking. That doesn't mean you can't make money trading Citi.
Today, April 17, is CNBC's 19th birthday. Just look at how things have appreciated since then.
IBM shares are up 17% since its January earnings report. Can IBM keep it up? Read on for some of the key issues you'll need to watch when trying to answer that question.
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?