Don’t let the bears fool you out of this market.
A late rally helped propel the Dow to a positive finish Monday as financial stocks rebounded.
After a rough and tumble day of trading both the S&P and Dow closed higher for the session on Monday.
The United Auto Workers union had given local unions until Monday to complete voting. But a person briefed on the voting said Saturday that the contract changes have been rejected by large margins.
By mid-day, a market rally had fizzled out leaving investors to wonder what's dragging down stocks?
Ford Motors posted a surprise $1 billion quarterly profit on Monday and raised its 2011 outlook to "solidly profitable." Toyota and Nissan are also expected to report earnings this week in addition to auto sales data due Tuesday. David Silver, equity research analyst at Wall Street Strategies shared his industry outlook.
Stocks erased all of their gains Monday after an early surge due to a better-than-expected manufacturing report. Financials led the decline.
Markets opened higher Monday, rebounding from Friday's steep decline, but the CBOE Volatility Index (VIX), considered the measure for fear in the market, neared 30. Art Cashin, director of floor operations at UBS Financial Services, shared his insights.
The Dow shot up more than 100 points Monday after a report showed manufacturing expanded more than expected last month.
China's Shanghai Index up 2.7 percent as Chinese PMI was stronger than expected. U.S. ISM will be released at 10 Am ET. And that's the point: with earnings season just about over, it is economic news that will be the driver for the next couple of months.
Reporters and editors are already calling Ford's third quarter earnings surprising. And yes, it is surprising when analysts are expecting a company to lose 12 cents a share, and it earns 26 cents/share. But make no mistake; the blue oval has been going from red (losing money) to black (making money) for some time.
Stock futures pointed to a modest rebound ahead of the open Monday after the Dow and the S&P 500 experienced their biggest one-day percentage drops Friday since July 2.
With Ford reporting earnings on Monday, how should you trade in the wake of the report? Guy Adami's got you covered!
If it's not clear to you yet, it should be. The green wave of incentives, tax breaks, and government grants is just starting to wash over auto companies and customers.
Just a few weeks into her job as the head of sales at GM, Susan Docherty believes the automaker is building momentum. Wednesday morning Docherty updated reporters on what the company is seeing for October sales.
Most expect Korea to bump rates up and to start its exit program to get in front of any potential inflation. There has also been chatter about resource based Norway raising rates as well.
The latest Consumer Reports survey of people who have bought more than 1.4 million vehicles, is further proof of the gulf between Ford and its fellow Big 3 auto makers, GM and Chrysler. While Consumer Reports now lists Ford as being on par with Asian automakers, GM and Chrysler continue to struggle.
The White House will herald it as proof America's auto industry is changing. Leaders in Washington will say this is the blue print for taking the shrinking big 3 and putting their abandoned plants to good use. For all the "feel good" cheer surrounding the announcement a former GM plant in Delaware will be renovated to build high-end hybrid cars, keep the hype in check.
Sometimes a stock is so cheap it's begging to be bought.
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