With the exit of Citigroup and GM from the Dow, new comers Cisco and Travelers bring some heft back into the index. As of Monday's close, the price weighted index is taking out $4.44 (combined price of Citi and GM) and adding in $61.41 (CSCO + TRV). Here's how this change will impact the weight of the remaining 28 stocks of the Dow.
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Consumers may be saving more and spending less, but big pharma is on a shopping spree. And I'm not talking about the really big deals including Roche buying Genentech, Pfizer buying Wyeth and Merck buying Schering-Plough. I'm talking about the two deals that have been done in less than a week between major drug companies and baby biotechs specializing in oncology.
Since the beginning of the year, many companies have seen their market cap more than doubled, while others have seen sharp drops in the valuation of their companies.
With the S&P 500 closing lower for the fourth consecutive day, stocks have just recorded their longest losing streak since the rally began. How should you be trading?
Sell U.S. stocks, sell U.S. bonds, sell the dollar and protect your wealth by going abroad, said Peter Schiff, president of Euro Pacific Capital.
Stocks made another break higher on Friday as the dollar's drop spurred buying in multinational companies. Worries about a possible downgrade of the U.S.'s credit rating left the market on rocky ground ahead of the Memorial Day weekend but it also sent the dollar to its lowest level this year, which encouraged some buying. Read and listen to what the experts had to say...
This fall ABC is launching a new show with Courtney Cox called "Cougar Town." Courtney was one of my favorite "Friends" stars and cougars are certainly a hot cultural phenomenon. Could cougars be five minutes ago by the time the show premieres? Perhaps. But maybe ABC has a hit on its hands. New TV shows are always a roll of the dice. And so is Johnson & Johnson's journey into "Cougar Town."
I've got new competition. Sort of. GlaxoSmithKline sent me an email this morning calling my attention to its new external blog, "American Health: More Than Medicine." A pretty long name for a blog, one that screams that it went through the corporate approval wringer, but at least GSK is putting itself out there.
Hewlett Packard reported earnings after the bell yesterday, and met analyst expectations. All 30 Dow stocks have now reported -- here is a summary of how the season stacked up.
“It almost feels like the press is trying to keep you from making money. Every story I read, no matter what it’s about, the spin is negative.” Cramer said.
A viewer writes, “With the roller coaster ride today, would it be better to go defensive with Johnson & Johnson or would a banking name like Wells Fargo be the better play.”
Kirk Kerkorian and Warren Buffett are two more of the world’s richest investors who have just revealed how they’re gaming stocks!
Here's our Fast Money Final Trade. Our gang gives you Monday's trades, right now! Also you'll find the Fast & Furious trades for the week ahead!
Even though Warren Buffett always says he likes stocks more when they're cheaper, he didn't do a lot of buying as Wall Street's major indexes fell to their bear-market lows (so far) in early March. Berkshire Hathaway's first quarter stock portfolio snapshot shows no blockbuster buys. A few stakes did, however, get bigger during the first three months on the year.
Warren Buffett always says the cheaper stocks get, the more he likes them. But did he like them enough to do some buying for Berkshire Hathaway as prices plunged to their bear market lows in early March? We'll have some answers late this afternoon (Friday) when Berkshire reveals its U.S. stock holdings as of March 31, the end of the first quarter.
How does a five-star fund manager approach investing when uncertainty is high? “Every recession we’ve had has ended and this one will end as well,” said Robert Zagunis, 5-star portfolio manager at Jensen Investment Management.
Wall Street looks ready to transfer funds from bullish to bearish names, the Mad Money host says.
With stocks rallying for over 2 months now, dividend yields continue to fall back to Earth. The average dividend yield of the Dow 30 has fallen nearly 30% since the rally began in early March. See how the 30 companies in the Dow compare.
The recession is likely to continue throughout the year, but valuations for stocks are looking attractive right now, said Jack Liebau, president and portfolio manager at Liebau Asset Management.