Mad Money host Jim Cramer shares his final thoughts of the day on Bank of America's nearly $17 billion settlement with government.» Read More
US banks could become less competitive—and less profitable—from President Obama's proposed financial overhaul, analysts say
Stocks ended flat Wednesday as tech and consumer stocks rebounded but banks dragged after a credit downgrade on more than a dozen companies.
Financials had everything thrown at it: the President's Financial Regulatory Reform proposal was unveiled, all 80 pages of it, and Standard and Poors lowered their ratings and outlook on 22 banks this morning.
If you were a hedge fund manager and had a few good years and raised a decent chunk of change off of that performance and made a few hundred million or even a billion dollars as a result, what would you do when times got tough?
Jim Iuorio, director at TJM Institutional Services, and Mike Khouw, director at Cantor Fitzgerald, weighed in on the best places to invest now.
Question: I’m a 57 year old clinical physician thinking about slowing down in the next few years. I don’t feel I have enough money to retire but maybe I do? How do you analyze a client’s finances to make this determination? Any thoughts you could provide would be greatly appreciated. Lia, MA
Stocks ticked higher Wednesday as consumer stocks rebounded after a tame inflation reading but banks still dragged after credit downgrade. FedEx skidded after it issued a weak outlook.
Regulatory reform: little consensus on how much -or what kind- is needed. As the President unveils his financial regulatory reform proposal, Standard and Poors chose this morning to bluntly state that this was one of the reasons they lowered their ratings and outlook on 22 banks this morning:
The emerging markets of Brazil and China have led the global stock markets this year, but now options traders are looking for a pullback.
David Hefty, principal of Cornerstone Wealth Management and Gary Hager, president and founder of Integrated Wealth Management share their investment advice and the best place for viewers to put their money.
We are now entering the "let's get real" phase of the commodity runup. Recall that commodities and commodity stocks have outperformed the overall markets since March on 1) the weak dollar, and 2) strong buying of commodities by China, which prompted momentum buying from speculators.
Stocks turned mixed Wednesday as investors digested a tame inflation reading against a weak outlook from FedEx. Banks dragged after a credit downgrade.
Investors should wait and be cautious before they jump into the markets—we still have a lot of headwind against us, said Dave Rovelli, managing director at Canaccord Adams.
Stocks opened flat on Wednesday as investors weighed a tame inflation reading against a drop in mortgage applications and weaker-than-expected outlook from FedEx. Consumer prices rose just 0.1 percent in May, despite the rise in gasoline prices, after a flat reading in April. Read and listen to what the experts had to say…
"I think this is probably the March rally beginning to roll over, the question is how much of a correction does it turn into," Cashin told CNBC. "There's going to be a lot of jockeying around in the next few days."
The most sweeping overhaul of financial markets regulation since the Great Depression is unlikely to cause much of a ripple in an already edgy stock market, traders say.
FedEx's earnings weigh on futures. Federal Express, considered a bellweather for the economy, caused a 6-point drop in stock futures pre-open. Guidance of $0.30-$0.45 for the current (first) quarter is well below expectations of $0.68 due to the runup in jet fuel prices and an "extremely difficult" operating environment.
Futures pared their losses Wednesday after a tame inflation reading. Futures had started off the day on negative footing after FedEx delivered a lower-than-expected outlook and a report showed mortgage applications plunged last week. FedEx said its earnings outlook was lower than Wall Street anticipated.
Whole Foods has dropped more than 13 percent in the last week, but that isn't stopping traders from stepping in to buy upside options.