Archer Daniels Midland, reported quarterly profit that fell far short of Wall Street expectations, sending its shares down sharply.
Cramer can't help but be sad on a Friday -- that means no more Lightning Rounds until Monday. Home Gamers can make due with his calls on JetBlue, Citigroup, Eli Lilly, Crocs and more...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.
Actor Willie Garson comes back (as we thought-see below) to take champion poker player Chris Moneymaker out of the lead for the second time. Stephen Collins also passes Chris to take second place on Chris's big loss on CMGI. Not too good of a day for most--as all of our celebs were down Wednesday, except for Ernie Hudson who gained almost $35,000 mostly on his sale of Electro Scientific, moving himself out of last place.
Here's a look at where celeb Judy Gold stands in Trading with the Stars--as chronicled by the crew on "Morning Call," the show she's playing for. She's in 6th place, but DYING to move up a spot or two. Willie Garson still leads the pack after what can only be described as a "tremendous" move up the ranks. (see Timothy Sykes' blog post today).
Here's our update on "Trading With The Stars." Willie proves himself as not another flash in the pan, and maintains the #1 spot two day's in a row. (and just like Willie--almost- Johnny Bench holds onto 7th place!) Interesting note: all of our celeb portfolios are above the $1 million benchmark. Congrats to all for that!!
As the bulls and bears fight it out on Wall Street, analysts say investors would be wise to look for value beyond the fray.
The nation's largest food processor, said its second-quarter profit rose 20%, driven in large part by a jump in corn-processing profit.
The Dow finished at an all-time high on investor optimism about the strength of the economy.
A Belated Return: The breaking news desk blog has returned after a longer than expected absence - upon my return to work yesterday after vacation, my computer somehow fried its innards, necessitating a complete overhaul. As I told my very understanding CNBC.com bosses, the dog really DID eat my homework!