Market strategist says financials are well positioned.» Read More
For the week ending Friday, October 3, 2008, the major U.S. Indices declined steeply on continued uncertainties over the financial bailout / rescue plan, concerns in the credit markets and more economic deterioration.
A small but very vocal minority of the trading community continues to insist that the TARP bailout plan should not be passed. So what IS their plan?
Shares of Wachovia and National City tumbled on worries about heavy mortgage losses, as talks on a $700 billion financial sector bailout bogged down and regulators seized Washington Mutual in the largest bank failure in U.S. history.
Remember, it's a quadruple witching expiration (expiration of stock and stock index options, and stock and stock index futures). The S&P 500 options stopped trading at the CLOSE last night, however the settle price is at the OPEN this morning.
Earlier this week, we wrote about the highest yielding stocks on the Dow. The S&P 500 also has some nice yielding stocks. If you are worried about the financials being able to continue to pay thier big dividends (with Freddie Mac's big slide, its yield is now over 20%!), there are nearly 40 stocks on the S&P that are currently yielding 5% or more. Here's a breakdown.
Medal Round - Day 1: After a week of ups and downs, we are now up to the medal round. The playing field has been narrowed from twenty countries to ten. And the winners are...
Cramer makes the call on viewers' favorite stocks.
The Dow closed with triple digit gains on Tuesday largely due to a $3 slide in oil and the positive sentiment created by bank earnings. What's the "Word on the Street?"
A very mixed earnings picture in the last twelve hours. Yes, AmEx, Apple, and Merck and Texas Instruments disappointed. But DuPont, Suntrust and Packaging Corp. were better than expected.
U.S. banks will unleash a tide of poor quarterly results over the next two weeks, yet investors may choose to focus instead on when a recovery might be at hand and how much more capital raising and dividend cutting will be needed to achieve it.
The options market is signaling that there may be trouble ahead for regional banks, according to one expert.
Our traders are good - but you knew that! Check out their latest picks that paid.
US large-cap regional banks' stocks now appear to be in "capitulation mode" and will likely trade below fair value in the near term, an analyst at Merrill Lynch said.
These names are going down, so steer clear.
Not only did BB&T rally into positive territory (it was down almost 10 percent), but other regional banks like Suntrust also rallied modestly. Why? Because shorts keep pressing these names under the theory that many will follow KeyCorp and Fifth Third and cut the dividend;
Fifth Third Bancorp, a large U.S. regional bank, said it planned to raise at least $2 billion in capital and would slash its dividend by 66 percent to cope with mounting credit losses.
The Dow dropped Tuesday and the broader stock market continued to languish despite positive news early in the day from Goldman Sachs. What's the "Word on the Street?"
It might be possible to use analysts as contrarian indicators. Have you noticed how many analysts have suddenly gotten all gloomy over their space, even though they have taken down numbers
Stocks rallied to the finish Friday, led by financials and techs, as a tame core-inflation reading and lower oil helped the market end a chaotic week on a high note.
The Dow closed higher after retreating oil prices and a tame reading of core U.S. consumer prices eased inflation fears. What's the "Word on the Street?"