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Stocks opened mixed Monday as tech-deal news put the sector front and center.
Want an illustration of why traders are nervous about how stable earnings forecasts are? New York State Governor Eliot Spitzer is lowering projections for tax revenue by $384 million, only three weeks after presenting his budget!
Hasbro posted a better-than-expected quarterly profit Monday, boosted by strong demand for its Transformers, Nerf and Furreal Friends product lines, helping to send shares up as much as 4 percent.
The best stock picks for the holiday season don't come from Cramer. 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.
Shoppers jammed stores before dawn Friday to grab discounted TVs, toys and clothing for the official start of the holiday season, expected to be the weakest retail showing in five years.
Stocks rallied late in the session to end a seesaw trading session higher as bargain hunters stepped in despite economic concerns and worries about global credit markets. "It seems like a little bit of a bounce back from Friday's Armageddon," said Mike Burnick, director of research at the Sovereign Society.
Hasbro, the second-largest U.S. toy company, posted a higher quarterly profit Monday, helped by sales at its Playskool brand and continued strong demand for products tied to the Transformers movie.
CNBC's Bob Pisani says with all the worries over mortgage lenders, here's a CNBC 101 on how the mortgage business works, and why it is in a bit of a tizzy at the moment.
Earnings reports have been trickling in for the past week, and two analysts have predictions for which companies and sectors will perform well next quarter. Jeff Macke, of CNBC's Fast Money, thinks Hasbro, maker of games, puzzles, and electronic toys, is an investment, not a trade. "This is the peak for them. They did real strong orders on Transformers, and they've done great on Spider-Man," Macke said on "Power Lunch," naming two movies released this summer.
Mergers and acquisitions and a generous portion of quarterly earnings along with OPEC news is turning the stock market picture back to the plus side after Friday's selloff, though looming in the background are credit market concerns.
Hasbro, the world's second-largest toy maker, posted a lower quarterly profit Monday due to a charge from its repurchase of $200 million in common stock from Lucasfilm.
I attended the "Transformers" premiere Wednesday night--and my first star spotting epitomized the importance of the film for its parent company. It was Sumner Redstone (he qualifies as a star for the CNBC set) and he was slowly retreating from the hubbub of the red carpet and (surrounded by bodyguards) slipping into a black car.
Infosys, Disney, Monster 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.
Everyone's talking about the New York Times piece on Creative Artists Agency losing Hasbro. Now everyone's wondering if CAA's trying to do too much for too many. CAA has said its going for 100% market share. But does that really make sense in an industry where you don't want to be represented by the same company as your competitor is.
M&A news and earnings updates provided some of the catalysts for Monday's most actively traded stocks.
Stocks closed lower as cautious comments from GM and Pfizer snapped the Dow's seven-day winning streak. "We've seen a really good move in the market and a little consolidation is healthy," said Bill Nichols, managing director of equity trading for Bear Stearns. "After being higher so much, a little profit-taking is only natural."
Hasbro Monday posted a profit that trounced expectations, on strong sales of Spiderman toys and its Littlest Pet Shop and Playskool brands.
With MP3 players and video games eating into sales, toymakers are embracing technology, saying "if you can't beat 'em, join 'em." That strategy will be on display at the American International Toy Fair Show in New York starting Sunday.
Posh FAO Schwarz in Manhattan is jammed with shoppers -- but CNBC's Margaret Brennan says big-box stores like Wal-Mart grab some 57% of all toy sales.