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At least six CEOs of publicly traded companies have been fired since the start of the New Year and we're only halfway through January. Experts say CEO firings double during bad times. And talk about bad times.
The market seemed to shrug off bad news from two major banks and Apple. So is the bottom?
Should CEOs of publicly traded companies have a right to medical privacy?
The Dow closed modestly higher on Thursday after investors brushed off negative sentiment and turned hopeful that falling oil prices might spur business and consumer spending.
Major indexes declined Thursday as investors digested the latest round of earnings and layoff news. Bank of America skidded amid news that the bank is going back to the government for help, while JPMorgan ticked higher after beating earnings estimates.
Steve Jobs is so much more than Apple's CEO. He's also been Disney's largest shareholder, since he sold his wildly successful Pixar to Disney in 2006. But Jobs' real impact in the entertainment business is his innovation in content distribution
Even though it's one of the leading causes of cancer death in the U.S., pancreatic normally doesn't get much attention.
Ted Parrish runs the four-star rated Henssler Equity Fund, and he thinks it's time to buy stocks. He's inclined to prefer large-cap stocks, except in one area. "The only area that might be a little different is probably financials," Parrish told CNBC. "I think the regional banks, the smaller banks, are maybe in a better position at this point." (PART ONE)
Ted Parrish runs the four-star rated Henssler Equity Fund, and he thinks it's time to buy stocks. He's inclined to prefer large-cap stocks, except in one area. "The only area that might be a little different is probably financials," Parrish told CNBC. "I think the regional banks, the smaller banks, are maybe in a better position at this point." (PART TWO)
Apple’s stock was hammered in after-hours trading on Thursday because, to be blunt, investors simply don’t believe Mr. Jobs' health issues are not serious.
I was talking with one of the traders at the NYSE Commissary this morning, and we agreed that last year's fourth quarter was like dying by being thrown out of a plane: it was terrifying and exhilarating at the same time. This year is like dying of consumption.
Stock futures pared their losses after a round of economic data came in more or less as expected. Bank of America skidded amid news that the bank is going back to the government for help, while JPMorgan ticked higher after beating earnings estimates.
Yesterday's 250 point sell-off in the Dow was the sixth day in a row of losses, the longest losing streak since October 10, 2008 when the Dow lost 22% over an eight day stretch. Since the start of the year, the Dow is down 6.6%, its worst Jan 1 - Jan 14 stretch ever.
Thursday's markets will face JP Morgan earnings, producer inflation data, weekly jobless claims, and the current quarter's first economic headlines in the Philly Fed's report and the Empire state manufacturing survey. Europe's central bank decides on interest rates before the New York open, and Congress will vote on releasing TARP funds to aid the ailing banking sector.
When Intel pre-released its worse-than-expected earnings last Wednesday there had to be a collective sigh of relief for so many tech companies looking at the same kind of thing on their books, and who didn't want to be the first to deal with the wrath of the market.
Plus, Cramer makes the call on Apple, Nokia, Kinder Morgan and more.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Shares of Apple plunged after hours; the Fast Money traders reveal how to play it Thursday.
Apple CEO Steve Jobs today sent the following email to all Apple employees:
The answer defies logic, Cramer found out. But that's good news for investors.