Mike Jackson, AutoNation chairman & CEO, takes a look at Mercedes' latest models and provides his outlook on the economy.» Read More
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From Vermont to California, exhausted but appreciative car dealers watched their lots grow empty as crowds rushed to trade in gas guzzlers during the final weekend of the popular Cash for Clunkers program.
AutoNation, the nation's largest auto dealership chain, said Saturday it hit the brakes on the popular Cash for Clunkers program three days early because it wants to make sure it can submit the paperwork on thousands of sales to the government before a Monday evening deadline.
Stocks ended sharply higher on Friday with the Dow, S&P 500 and the Nasdaq all closing at a new highs for 2009.
Mike Ward of Soleil/Ward Transportation Research had a fascinating conference call the other day with R.L. Polk consultants. In addition to learning that India has 0.01 car per person, other trivia are that there are 0.14 cars per person worldwide. The U.S has 0.83, Western Europe 0.60, Japan 0.58 per person, and China 0.03. You can see where the market opportunity is!
What should investors do in this volatile market? Managing directors Charles Crane at Douglass Winthrop Advisors and Lawrence Glazer at Mayflower Advisors shared their market outlooks.
The financial crisis is going to "haunt us for a long period of time" and secular, non-traditional headwinds are going to act as a governor to economic growth and stock market performance, said Doug Kass, founder and president of Seabreeze Partners Management.
AutoNation CEO Michael J. Jackson told CNBC Wednesday the government owes his company about $45 million in rebates from the cash-for-clunkers program, but said he still has faith in the program.
Futures drop on GDP; can "preliminary" numbers really be trusted? Good news! The decline in second quarter GDP was better than expected (down 1 percent). It's the fourth drop in a row (the longest since quarterly records began in 1947). So why did S&P futures drop about 5 points on the news?
He has one stock in mind. The question, though, is whether or not it still works.
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.