U.S. stocks closed narrowly mixed, with stocks near recent highs, as lackluster economic data and oil concerns weighed on investor sentiment.» Read More
Call it Turnaround Tuesday: under-bought, over-sold, bottom-fishing, bargain-hunting. Whatever it is, it seems rally-time is finally hitting tech stocks. How long it will last is anyone's guess, but looking at the wacky whiplash these stocks have suffered over the past week, today's action is welcome indeed for anyone long in tech.
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.
Sometimes a stock is hot and other time it just burns. Following are the Fast Money misfires
US stocks closed sharply lower Friday on an incessant stream of bad news in financials and technology that bled over into the rest of the market.
I don't think our generation will ever get used to seeing an SUV, a pick-up, a big truck or even a Prius, driving down the road without a driver at the wheel. I know that as I watched car after car trek down the course at the big DARPA autonomous car challenge at an abandoned Air Force base in Victorville, California last weekend, I felt weird. Each time.
The tech stock is down after comments from the CEO. But Cramer isn't worried: “I think Cisco is going to come roaring back.” 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.
Stock investors may be able to pay attention to at least some fundamentals Friday if the relative calm of Thursday's close is any indicator for Friday's action. (Note I said "relative" after the perfectly stormy day for Wall Street Thursday.)
Stocks fell for a second straight day, led by declines in the Nasdaq after tech bellwether Cisco Systems signaled the credit crisis was hurting demand from key customers, including banks.
You hear it? That strange hissing noise? Sssssssssssss. It's coming from the tech sector. What a mess. A lot of me says you knew this just had to happen, that some of the air had to come out of some of these shares. But this much?
John Chambers, chief executive of network equipment maker Cisco Systems, told CNBC he remains upbeat about his company's outlook, despite disappointment among some investors.
Som midday observations: 1) Despite being grilled on the weak dollar, higher inflation, and the subprime crises and what he is doing about it, Bernanke has said little new. He says that economic activity has remained "resilient" but that "financial market volatility and strains have persisted." He seems to want to keep all his options open for December.
It wasn't supposed to happen this way. I was out last night with a group of hedge fund traders, and as the news came in that AIG's numbers were lousy, and Cisco was a mess, the traders nodded approvingly. They were anticipating a large down day today, then a rally on Friday, and one trader said most of the traders in his shop (a well-known fast money firm)
Stocks are striking a much-improved tone after Wednesday's high energy selloff, as investors await testimony this morning from Fed Chairman Ben Bernanke. Monthly chain store sales and some big earnings could also influence direction.
Network equipment maker Cisco Systems posted a 37 percent rise in quarterly profit on solid demand from telecoms carriers, but its shares fell 9 percent on concerns about its outlook amid U.S. economic weakness.
Good, but not good enough. Cisco shares are on the decline after market after the company reported a nice top and bottomline beat. Trouble is, shares have jumped 14% over the past quarter, 38% over the past year, and with a run like that, it appears the Street was looking for something a whole lot better.
General Motor's surprise $39 billion loss drove fear right back into a stock market but the collapsing dollar is what's worrying Wall Street. Oil is rising on inventory data but its move has been tempered by reports of a smaller than expected decline in crude supplies.
The shrinking U.S. dollar, record oil prices and some major earnings reports will dominate Wednesday trading. Oil edged past $98 moving deeper into record territory in overnight trade. Traders are betting crude has the legs to run through $100 in the next couple of days.
The backbone of the Internet has surged to its highest levels since the dot-com bust – all before it reports earnings Wednesday.
Shares in Alibaba.com more than doubled in their trading debut on Tuesday, topping expectations, after China's largest e-commerce firm raised $1.49 billion in Hong Kong's most popular initial public offering.
For some time now, the watchword in investing has been "value." As a result, some fund managers think, the prices of growth stocks have slid to bargain levels. Tom Ognar, portfolio manager of the four-star Wells Fargo Advantage Growth Fund, agrees.