Stocks closed out the week with a big thud Friday, with the Nasdaq narrowly avoiding its worst one-day loss this year as momentum names got crushed for a second day.» Read More
April 4- CarMax Inc, the largest used-car seller in the United States, reported lower-than-expected quarterly results, weighed down by tepid sales to subprime customers, indicating that the credit-fueled growth of recent quarters was slowing down.
*Mylan up on report of Meda AB buy. *Boeing considers Mercury Systems acquisition. Biogen Idec Inc fell 4.3 percent to $288.98.
*Mylan up on report of Meda AB buy. *Boeing considers Mercury Systems acquisition. "Overall, people are taking this as a sign there isn't some sort of underlying weakness in the economy," said Kate Warne, investment strategist at Edward Jones in St. Louis.
April 4- CarMax Inc, the largest retailer of used cars in the United States, reported a higher quarterly revenue and said it had increased its share buyback program by $1 billion. CarMax, which also sells new cars, said used car sales rose 12 percent to 132,856 in the fourth quarter ended Feb. 28.
April 4- CarMax Inc, the largest retailer of used cars in the United States, reported a 9 percent jump in quarterly revenue as easier availability of credit helped more Americans buy cars. CarMax's net income fell to $99.2 million, or 44 cents per share, in the quarter, from $107.2 million, or 46 cents per share, a year earlier.
Catalysts in the week ahead have the potential to take down the market in a serious way. Really
Dec 20- CarMax Inc said it could start lending to borrowers with weak credit records as it seeks to cut its reliance on third-party subprime car loan providers that are tightening their lending norms. CarMax already has a financing arm that lends to customers with healthy credit records.
Dec 20- CarMax Inc, the largest used-car retailer in the United States, reported a lower-than-expected quarterly profit and said car loan providers tightened credit terms late in the quarter. CarMax shares fell more than 9 percent in early trading.
U.S. stock index futures ticked higher on Friday, with the Dow continuing to break records.
Companies are making headlines before the bell Friday:
Traders are widely divided on what the Fed will do next week, which raises the odds for a volatile market reaction.
The American consumer remains "pretty strong" and that's why Saira Malik—head of global equity research for TIAA-CREF—said she favors two retailers.
Despite massive headwinds the market remains within a stone's throw of its all-time high. How's that possible?
The odds of a government shutdown over a spending bill appear to be falling. But the annoying part is the deal may only keep the government funded through November.
"Talking Squawk" looks at what the smartest investors, including Stanley Druckenmiller, Warren Buffett and David Tepper, think about the nontaper.
The "Fast Money" traders share their final trades of the day.
U.S. stock index futures were higher Friday, as global shares bounced back after two-straight days of heavy market selloff.
Check out which companies are making headlines before the bell on Friday:
In the week ahead, Cramer expects the market to filter every development through the lens of the Fed.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.