Morgan Stanley, Gilead, Rentech 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.
Despite the market's recent slump, U.S. stocks are a better bet right now than European shares, two market pros said on "Morning Call."
What goes wrong for markets from here? Morgan Stanley created ripples on the pond this morning by issuing its so-called triple-sell warning on equities. The research suggests a 14% correction likely over the next 6 months. Do you buy it? Were they producing warnings like these on the eve of the last significant correction?
Morgan Stanley plans to complete its previously announced Discover Financial Services spin-off on June 30, according to a regulatory filing, ending the U.S. investment bank's involvement in credit cards and payment systems.
Wachovia's $6.8 billion agreement to buy A.G. Edwards is likely to spur more acquisitions of independent brokerage firms, analysts say. The reason: banks are trying to bulk up on brokerage services, while traditional outfits like Edwards are dwindling in number and losing clients to cheaper online competitors.
HSBC Holdings, which has struggled to build its investment banking franchise, said on Wednesday that its head of global capital markets, Danny Palmer, was leaving after less than three years with the firm.
Construction services company URS said on Monday it would acquire Washington Group International for about $2.3 billion to expand into the engineering and management of nuclear, infrastructure and environmental projects.
Advanced Medical Optics confirmed a report by CNBC’s David Faber that it plans to bid for Bausch & Lomb.
Morgan Stanley will buy the company for $22.80 a share, according to Crescent, which has about 102.8 million shares outstanding.
On Wall Street, the rich may get still richer. Investment bankers may see bonuses and other incentive pay rise 10% to 15% from elevated 2006 levels, while gains may be 15% for traders and 20% or more for workers in private equity, according to a study by Johnson Associates, a prominent compensation consultant.
Mergers and acquisitions are headed for another record year, fueled by a seemingly endless cascade of private-equity money. “I can’t think of anything that’s off limits,” says Michael Kelly, managing director at Hamilton Lane. "There are good companies in any industry."
Prosecutors are investigating employees of Wall Street banks, including Bear Stearns Cos. and Morgan Stanley, over alleged kickbacks involving short sellers, and may soon bring criminal charges, a published report said.
Vicki from New York doesn’t anticipate an up-turn in the housing market anytime soon. She asks if she should short Bear Stearns (BSC) on the potential slowdown in its mortgage trading business?
Family control of a publicly traded company is increasingly coming under attack. But the dual classes of stock that allow a family to maintain control without holding a majority stake probably won't disappear anytime soon, financial experts say.
Question #1: Brent from New York has a question about the grocers. Grocery stocks like Safeway (SWY) and Kroger (KR) have been on a tear the last year with gains of 50% or more. Is there further upside potential in this sector?
Talk about partners in crime. In a bizarre turn of events, three married couples have been accused this week in separate insider trading cases. Although the cases involve different stocks and different circumstances, all involved couples allegedly using non-public information to trade in stocks. And in two of the cases, the wife allegedly passed inside information on to the husband.
Randi Collotta, 30, a former employee of Morgan Stanley in Manhattan, and her husband, Christopher Collotta, 34, who worked in private practice, were among 13 people criminally charged in the case.
Jeff Harte, analyst at Sandler O’Neill, told CNBC’s “Squawk Box” that many internationally focused financial stocks are undervalued. “My thesis has been that it’s been a tough environment if you’re a domestic-centered bank,” Harte said Tuesday. “The yield curve is flat and credit is probably not going to get a lot better. But from a cyclical standpoint, there’s still a lot of upside revenue-wise from global investment banks.”
Meanwhile, the heads of Lehman Brothers, Goldman Sachs and JPMorgan Chase all have favored Democrats in their political giving patterns over the past few years, according to contribution tracker PoliticalMoneyLine.
Morgan Stanley said it has settled a class-action lawsuit accusing it of gender bias against current and former women financial advisers and trainees, and has set aside $46 million to pay claims.