Stocks Citigroup Inc

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    The Dow closed with fresh gains Friday due to a smaller-than-expected loss from Citigroup and the biggest weekly dollar drop ever in oil prices. What's the "Word on the Street?"

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    For the week ending Friday, July 18, 2008, the U.S. markets saw extreme volatility yet settled higher on better-than-expected earnings results, a pullback in crude oil, and an indication that the Fed will hold interest rates steady.  Nonetheless, the Dow had its best week since April 18 and its best 3-day percent gain since March 2003 even after closing below 11,000 for the first time since July 2006. 

  • I know, it wasn't exciting, but exciting wasn't what most traders were looking for. After a wild week, a quiet stable day was fine. There was no concerted attempt to sell off financials, and that is why it was a successful day for bulls.

  • Stocks turned mixed Friday as banks rebounded and Google and Microsoft slammed techs.

  • Investors interested in buying and selling U.S. bank stocks based on the performance of the underlying businesses might well have gone on holiday this week  --  and might stay there next week.

  • Waiting for a market expert to recommend financial stocks?  Wait no longer.  Wendell Perkins has banks on his shopping list.

  • To help investors prepare their portfolios before the weekend, CNBC asked the experts for their best trades now.

  • European shares rallied Friday as Citigroup's results gave a boost to bank stocks. Euro stocks gained 3.2 percent for the week.

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    This week's Wall Street rally has encouraged at least some investors to come in off the sidelines, but not as many as the sharp gain in stocks might suggest.

  • Stocks turned mixed Friday as banks rebounded and Google and Microsoft slammed techs.

  • Stocks turned lower Friday as an early bank rally fizzled and Google and Microsoft slammed techs.

  • Is there any doubt that big-cap financials are the key to this market? What's worked for two months? Sell the rally in financials. This is crunch time for the two-day rally...and not surprisingly, they are pushing the old trade hard today.

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    Citigroup, the largest U.S. bank, posted a smaller-than-expected quarterly loss Friday despite $11.7 billion of write-downs and credit losses tied to deteriorating capital markets and the slumping economy.

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    The dollar rose against a basket of six major currencies on Friday, boosted by news Citigroup posted a smaller-than-expected loss in the second quarter, further calming fears about the health of the U.S. financial sector.

  • This is crunch time for this little mini-rally--since the earnings news is mixed, it will be critical for the market to move sideways or up today, and avoid retracing any of the last two days gains. Options expiration today.

  • Citigroup's better-than-expected earnings report turned the tide ahead of the open.

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    Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!

  • Earnings will likely drive the banking sector again on Friday with Citigroup reporting before the bell. What should you expect?

  • Stocks resumed their ascent after a midmorning dip as oil began to recede and financials rallied.

  • As for techs, traders note that there has been less focus on that sector, because everyone is still in the process of unwinding the Long Energy/Short Financials trade. These numbers will reinforce the bear position that we are in a poor market for tech.