All 31 tested banks got good marks in the Fed's annual test, but some stocks will pop more than others, "Fast Money" traders said.» Read More
Q: On Fast Money’s trader radar we look at the stock that was lighting up screens across Wall Street. This US Bank has its roots in the American Revolution, claiming Samuel Adams as an early member, And today it continues in the American tradition as the official bank of major league baseball. The company hit it out of the park today, after shares soared on a recommendation from Goldman Sachs. Who is it?
Stocks finished lower Tuesday as weakness in technology stocks sucked the air out the earlier rally inspired by oil's drop and the dollar's surge.
Stocks came charging out of the gate, inspired by oil's drop and the dollar's surge, but weakness in technology stocks sucked the air out of the rally.
Stocks kicked off September with a rally, inspired by the more than $7 drop in oil prices and a surge in the dollar.
THANK YOU, ANGELO!" That was the phrase I heard from someone who just received his settlement checks in a class action suit against Countrywide, now owned by Bank of America. He received five checks, each for $16...
The Dow rose sharply on Thursday after the government reported the economy grew at a surprisingly robust clip in the second quarter and oil prices eased.
Stocks advanced Thursday after second-quarter GDP was revised to show growth was more robust than first thought and oil receded to around $116 a barrel after earlier topping $120.
With the Democratic National Convention starting yesterday, the conversation over which candidate will be better for the economy will heat up. Here are some stats on the Dow and presidential elections. With the exception of FDR's takeover for Herbert Hoover, it looks like "Change" seems to be less favorable to the markets than continuity when a Republican is in office. The best year for the Dow, on the other hand, occurred under a Democrat's administration.
Stocks declined Monday, led by financials, as investors waited for some resolution on Fannie Mae, Freddie Mac and Lehman Brothers following rampant speculation last week.
Stocks declined Monday as oil prices ticked higher. Volume is expected to be low this week as the summer winds down.
Indiana has sued Countrywide Financial, becoming the latest state to take the mortgage lender to court over its lending practices.
The bottom line on Lehman Bros.: All the talk about a possible investment in Lehman from Korea Development Bank -- or anyone else -- is really beside the point. The reason Lehman has dramatically underperformed even its poorly performing peers this year is the large exposure they have to the worst performing parts of the market.
If you're going to risk investing in financials, invest in the ones that are assured to survive the credit fallout. Your best bets -- Bank of America and JP Morgan Chase, a strategist told CNBC's Asia Squawk Box Friday.
The options market continues to boil on the outlook for the financial sector and market volatility in general, according to Rebecca Darst of Interactive Brokers. And one pharamceutical company is drawing attention as well.
Mark writes, “Does Soros’ purchase of 9.5 million shares of Lehman make you more bullish on this name?”
Major U.S. indexes ended a choppy session higher, helped by a late rally in banks and better-than-expected results from Hewlett-Packard.
After hours Tuesday Goldman Sachs slashed its earnings outlooks for some of its major rivals however it's the Lehman downgrade that has the traders most concerned.
On a day when financials are again weak, Richard Bove at Ladenburg Thalman provided his clients with a long (70 pages!) note outlining the problem with the banking industry.
Short-term, buy commodities; but hold those financials for a fourth-quarter recovery. So says King Lip, portfolio manager at Baker Avenue Asset Management. He explained his investment strategy to CNBC -- and offered his top stock picks.
The growth of the Producer Price Index is now at levels not seen since 1981. Here is a breakdown of the inflation benchmark to show you where costs are rising most.