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Cramer explains a few moral imperatives every potential investor needs to know.
All major U.S. indices closed to the upside on Friday, as less than expected job losses in August led investors to focus on the positive side of a mixed payroll report, which showed that the unemployment rate jumped to 9.7%, or its highest level since 1983.
Following are the day’s biggest winners and losers. Find out why shares of Coca-Cola and Textron popped while Lloyds Banking and the Homebuilders ETF dropped.
"Sell in May didn't work very well," says one market pro. "I'm not sure September is going to be the evil month that many people expect."
The S&P 500 and Dow index broke 8 days of consecutive gains on Friday, after an economic report showed consumer sentiment in August dipped to a 4-month low. Despite of Friday's slight pull-back, all major US indexes are on track to close up 2.5% or greater for the month.
The head of Coca Cola's bottling and distribution company in France has committed suicide, for reasons that are for the moment unknown, French daily Le Figaro reported Tuesday.
Dividend yields in the Dow index are down about a quarter of a point since early June and 165 basis points since early March, as equity markets continue to trend higher, pushing yields lower. Here is a look at the dividend yields of all 30 Dow components:
On a volatile week that ended with Fed Chairman Bernanke stating that the US economy is nearing recovery, positive housing data, and oil hitting 10 month highs; the Dow, S&P and NASDAQ once again close at new highs for 2009, and end up about 1.8% or better for the week.
While real rebound in the economy is still uncertain, the best investments may be in stocks that pay investors to wait. Dividend plays are back in demand and Michael Crofton, CEO of Philadelphia Trust Company and Tim O’Brien, senior portfolio manager at Evergreen Utility and Telecommunications Fund said they should remain the core of any portfolio.
Compared to an average short interest of 2.2% for all Dow components, bets against these three companies stand at around 8%.
The correction may finally be starting: Stocks plunged more than 2% Monday in their worst selloff in 7 weeks. The Nasdaq was the hardest hit, down nearly 3%.
Warren Buffett's Berkshire Hathaway was doing more selling than buying of stocks during the second quarter, but there is one new holding: New Jersey-based medical technology company Becton Dickinson. Berkshire also added to its stake in Johnson & Johnson, although the holdings are still well below where they were before Buffett sold over 33 million shares last fall.
It is now one month since the summer rally started on July 11. Which is the worst-performing Dow component since the start of the summer rally?
Hispanic America is celebrating Saturday’s swearing-in of Sonia Sotomayor as a Supreme Court Justice. African-Americans are happy that both the Attorney General of the United States and the man in the Oval Office are black like them. And much of Caucasian Nation is breathing a self-satisfied sigh of relief because diversity has flowered and our country’s long-standing, race problems are behind us.
On a week where the US markets once again hit new highs for 2009, and the 4th consecutive week of gains helped by the better-than-expected jobs report, the major indexes are all up about 2% or greater for the week, except for the NASDAQ which ended up only about 1% for the week.
If you have your fears about the economic fate of the United States, Cramer’s got the right formula to ease your worries.
The recovery trade continues today. Cyclicals are notably outperforming more defensive names once again, with the Morgan Stanley Cyclical Index is up 3 percent, while the Morgan Stanley Consumer Index is up just 0.75 percent. This extends the recent trend that has taken place during the current summer rally.
When the New York Giants trotted out for practice today in Albany, they wore the Timex logo on their jerseys for the first time, part of watch brand’s sponsorship with the team.
US markets hit the highest levels of 2009 enforcing a summer rally, and turned in the best July since 1989 for the Dow, and 1997 for the S&P and Nasdaq. Additionally, July was the best monthly performance for the Dow since October, 2002, and April, 2009 for the S&P and Nasdaq.
If you could build a marketable baseball player from scratch, you’d probably come up with someone like Derek Jeter. A close second would be David Ortiz. Ortiz was in a major market. He was a slugger. He was part of two championship teams in a short period of time and he had a golden smile.