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Despite the market rally, portfolio manager Harry Rady of Rady Asset Management said he remains “more bearish than he’s ever been” and is continuing to take chips off the table. And Greg Olsen of Lenox Partners said he expects a pullback soon.
AutoNation CEO Mike Jackson says buyers are coming to car showrooms, but the credit isn't there to make the sales.
Market experts Alan Gayle, senior investment strategist at RidgeWorth Capital Management, and Kevin Giddis, managing director at Morgan Keegan, each said the economy has bottomed — but it will take a while before a real turnaround.
A modest pop in futures as the Consumer Price Index was flat, in line with expectations.
This is the time to buy into stocks, said Harry Rady, CEO of Rady Asset Management, and Lee Eugene Munson, CIO of Portfolio Asset Management.
Since President Barack Obama's election in November, followed by the passage of a new U.S. economic stimulus package, and China's own stimulus plan, the tech, consumer discretionary, materials and telecom sectors have all had positive gains. Here are some of the biggest winners.
In this Web Extra, find out why shares of Credit Suisse and ConocoPhillips popped while Big Lots dropped. What's the trade?
Banks sold off at the close yesterday on increasing stress over the stress test. In case you're not paying attention, no one is exactly clear what is going to happen because they are still deciding; as a result, there are lots of leaks and erroneous interpretations of what might be coming.
Auto industry legends weigh in on President Obama’s push for the right solution.
Cramer makes the call on viewers' favorite stocks.
AutoNation dipped down as much as 14 percent Friday, and one trader is using the options to take a further bearish position.
Autonation CEO Mike Jackson said today that despite the government’s push towards fuel-efficient vehicles, the creation of green cars will not spur auto sales.
This may be the best time to get the deal you want on a new car or truck. In fact, if you can stomach the idea of taking on an auto loan in this economy, dealers will bend over backwards to get you in the new ride you want.
The threat of a government-backed bankruptcy is necessary to drive a "breakthrough," structural change for the auto industry, said Mike Jackson, AutoNation chairman & CEO.
The Bill & Melinda Gates Foundation on Tuesday increased its share stake in heavyweights like Coca Cola, McDonald's and Autonation.
Despite the turmoil in the auto industry, AutoNation is out with better-than-expected results. The auto retailer posted fourth quarter earnings of $0.12 a share, beating Wall Street expectations by a penny.
The four-day rally in the S&P 500, the first since November, is in jeopardy today.
The automobile industry may be rolling out electric cars in attempt to save their companies, but consumers have no incentive to buy the cars if an energy policy and a gas tax are not implemented soon, said Mike Jackson, CEO of AutoNation.
The Dow climbed on Tuesday after the government expanded its bailout of the auto industry...
With the failure to pass an auto loan bill, the Treasury Department is now essentially the "last line of defense" for the auto makers. They can now provide a bridge loan through the TARP, or provide or guarantee a debtor-in-possession facility to fund a pre-packaged Chapter 11 proceeding.