"The last ten years have conditioned people to think short term as opposed to long term," Bill Miller said. "Now, stocks are cheap and people should buy good, quality companies at reasonable prices, put them away and ignore the fluctuations of the markets."
Stocks plunged Tuesday on a report that a consortium that includes the New York Fed wants to force Bank of America to buy back $47 billion of mortgage bonds. BofA and Alcoa fell, while Coca-Cola rose.
Stocks continued to plunge Tuesday on a report that a consortium that includes the New York Fed wants to force Bank of America to buy back $47 billion of mortgage bonds. BofA and Alcoa fell, while Coca-Cola rose.
Why Mark Mahaney, a top-rated tech analyst, doesn't think private equity has "the stomach" to acquire the Internet giant.
Stocks off the lows, but dollar strength is a significant headwind for stocks today. Industrials, energy, commodities selling off on the back of China's rate raise.
It's been 23 years since the infamous stock market crash of October 19, 1987, which became known as "Black Monday." What began in Hong Kong, and spread to other parts of the world, including the United States, caused the Dow to drop 508 points, or nearly 23 percent.
A number of companies reported stronger-than-expected earnings in the last quarter, but that’s not generating much enthusiasm from traders. Here's why.
Stocks traded lower Tuesday, led by a plunge in energy and technology stocks, as the dollar rose and traders shrugged off decent earnings results from several companies. IBM and Microsoft fell, while AmEx gained.
The Dow broke below 10,000 back on August 26, but has been on a tear ever since. IBM has been the big mover on the Dow during the market’s current rally.
When it comes to earnings quality, the best I can say for IBM: Eh!
Stock index futures fell further Tuesday despite a surprising rise in housing starts, but after news of a sharp decline in permits for future home construction.
Big declines in Apple and IBM shares could sour stocks Tuesday, as traders watch for earnings from Bank of America and other big names, like Goldman Sachs, Coca-Cola and Johnson and Johnson.
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The Dow Jones Index is where big companies land once the rapid growth stops and the numbers get more predictable. Apple, as its earnings report will show after the bell, is neither a slow-grower nor predictable. ...A report from TheStreet.
IBM, which closed at an historic high, is down about 4 percent after the close. The issues: 2010 guidance of "at least" $11.40 is only slightly better than previous guidance of "at least" $11.25; bookings also light at $11 billion vs. street expectations of $12.5 billion.
Not only will IBM earnings set the tone for Tuesday’s trade – but they could set the tone for the next 5 weeks!
The Dow component reported a quarterly profit and sales that both exceeded what Wall Street was looking for from the company, but its shares slid in late trading.
Stocks closed higher as Citigroup's earnings lifted bank stocks ahead of a cluster of earnings reports this week, including Apple and IBM, which report after the market closes. Bank of America and JPMorgan rose, while Intel and Home Depot fell.
What follows is a roundup of corporate earnings reports for Monday, Oct. 18.
Stocks rose as Citigroup's earnings lifted bank stocks ahead of a cluster of earnings reports this week. Bank of America and JPMorgan rose, while Intel and GE fell.