Stocks failed to end higher in volatile trading Thursday, snapping a four-day win streak, ahead of the widely-watched government jobs report. The Dow and S&P 500 hit record intraday highs earlier in the session.» Read More
Stocks turned sharply higher Thursday after a closely-watched regional manufacturing report came in better than expected. Commodity prices continued to recede.
Dollar rallying again today, up 1.7 percent since the close on Monday. The bold analyst call of the day (week, month, year?) goes to Punk Ziegel's Richard Bove, who last night titled his piece, "The Financial Crisis is Over," calling the Bear Stearns sale the watershed event, and concluded by saying "this is a once in a generation opportunity" to buy financial stocks.
U.S. book retailer Borders Group posted a fourth-quarter profit on Thursday but suspended its quarterly dividend and said it had launched a strategic review that will investigate selling the business.
Stocks declined Tuesday, with financials taking a beating after news of more fallout from the subprime mess at Citigroup. Energy stocks also fell as oil prices receded.
Stocks declined Tuesday after dismal corporate news about Intel and Citigroup.
U.S. stock index futures pointed lower Tuesday, with no major data expected and with corporate news adding to investors' gloomy mood.
Any way you look at it, the main story today is lowering earnings estimates. Whether you look at Merrill slashing Citi's estimates, or Intel cutting its gross margin forecast, or downbeat comments from Barnes and Noble and Staples, the implications of the commentary on these companies is that things are not improving and, in some cases, weakness may continue into the second half of the year.
Cramer makes the call on viewers' favorite stocks.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.
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U.S. chain stores, reeling from the slowest holiday shopping season in five years, got some more bad news Sunday: 2008 will not be any better and could see changes that may shift the retail playing field forever.
One of my mother's favorite lines is the one about not saying anything if you can't think of something nice to say. Well that was the story of the markets Monday. What a day of angst. Look at this headline from a note sent by MF Global's Andy Brenner Monday afternoon: "The market has traded like a crazed man with no liquidity." Yikes.
Barnes & Noble, the world's largest book retailer, posted a higher quarterly profit Thursday, helped by higher sales driven by record demand for "Harry Potter and the Deathly Hallows," the final book in the popular series.
I'm blogging from a Barnes and Noble which is readying for Harry Potter's final book going on sale at midnight. Handmade, full-size "magic" brooms are hanging from the ceiling and anxious Potter fans are rereading the past books in line for wristbands for tonight's pre-Potter party. This book is a pricey 35 dollars, five dollars more than the last book's listed price, and it's going to make several companies very, very happy.
Maybe it should be called "Harry Potter and the Deathly Discounts." British retailer Asda Group said Thursday that it would sell the final installment of the Harry Potter series for just 5 pounds ($10), just over one-fourth of the recommended retail price.
Merrill Lynch, Target, Palm, Tesoro 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.
Shi Nisman is one of the twenty finalists in our Million Dollar Portfolio Challenge (by the way, his first name rhymes with shy). But Shi is not "shy" about the contest--he's in 7th place today as we head into the last hours of trading for the contest. He wants to win the $1,000,000 prize--but has some work to do. His strategy for the contest was to pick volatile stocks with expected low correlation to the rest of the contest participants. Shi works for an investment firm and grew up in Israel and San Antonio, Texas.
Good morning all. We're starting this last day on the rough side as more than half of our Million Dollar contestants lost ground Thursday in a volatile market. All of our finalists are fully invested, with the exception of #15, Chuck Chow who is all in cash. Nancy Beaumont holds first place for the 4th straight day on the 9% gain of Gymboree. Nancy may hold onto the top spot with her almost all-in trade on Verigy, a Singapore-based maker of test systems for the semiconductor industry, which beat estimates after the bell Thursday. Verigy was up almost 10% in extended hours.
The retailer said the net loss totaled $1.7 million, or 3 cents a share, compared with a year-earlier profit of about $10 million, or 14 cents a share. Excluding the charges, the bookseller said it earned $6.8 million, or 10 cents a share for the quarter.
Good morning everyone. Today--Thursday--is a big day for our contestants. The trades they execute prior to 4pm will be the last trades that will impact their total portfolio value based on their performance on Friday. And, the race at the top gets tighter each day. Only $22K separates the top three positions. Nancy Beaumont holds first place for the 3rd straight day on the 9.75% gain of The Men's Wearhouse. Nancy looks like she may maintain her first position with Gymboree up almost 10% in extended hours.
The guys go behind the headlines and give you their take on ... JetBlue's CEO being forced out ... the latest company to miss earnings over milk prices ... and more.