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Focus on the fundamentals and you can find some stock-market bargains, says strategist Walter Gerasimowicz.
The Dow fell by triple digits on Tuesday as worries about further losses stemming from the mortgage crisis moved back into the spotlight.
Lockheed Martin said on Tuesday quarterly profit rose, as sales of its electronic defense systems and a one-time gain related to a sale of some land offset lower sales for its F-16 fighter jet program.
In Thursday’s Web Extra the traders talk Saks now that Latin America’s richest man upped his stake in the stock.
Traders appear reluctant to make bets before hearing earnings updates from companies. Is that an opportunity for you?
In our Fast Money Final Trade our gang gives you their best inflation trades for summer.
My post on Lockheed Martin's Chairman and CEO criticizing protectionism and pointing to the Northrop Grumman/EADS tanker award "as reinforcing the openness of U.S. markets," elicited quite a bit of heated email, none of it from Lockheed fans.
Lockheed is the nation's biggest defense contractor. Boeing is second. Stevens, speaking at a defense conference in Brussels, says protectionism is bad, open competition is good, and companies which depend on government regulations to keep out foreign competitors will grow weaker until they are "protected to death."
Airbus parent EADS said on Monday it had been hit by the gloom surrounding the aviation industry and warned of further industrial risks, but moved to cheer up shareholders with talk of a higher dividend next year.
Fast Money takes Chicago just as commodities have a breakout week with oil hitting a new high and raw materials making a resurgence. Find out how to trade it all here.
Stocks finished flat as a new record for oil prices overshadowed a better-than-expected report on housing. Still, for the week, all three major indexes managed decent gains: The Dow Jones Industrial Average climbed nearly 2 percent; the S&P 500 index advanced about 2.5 percent and the Nasdaq jumped more than 3 percent.
Stocks recovered most of their losses and were mixed in the final hour of trading as oil prices pulled back toward $126 a barrel.
Stocks declined after a report showed consumer sentiment fell to its lowest level in 28 years. The market had opened with some optimism after a jump in housing starts, but the souring of consumer sentiment, and a jump in oil above $!27 a barrel, curbed gains.
Strike three for Boeing, after losing another huge contract. The deal to provide the Pentagon with up to a dozen next generation satellites—worth $1.4 billion—went to Lockheed Martin.
Lockheed Martin won a potential $3.6 billion contract to start building a new generation of global positioning satellites that will boost accuracy for worldwide users, the Air Force said Thursday.
Should you bet on defense stocks to keep outperforming the market? Find out what options action suggests.
In Tuesday’s Web Extra, Pete Najarian reveals how he interprests options action in Marvell Technology. Also get Guy Adami’s trades on Lockheed Martin and L3 Communications.
The Government Accounting Office has one month to go in deciding whether the Air Force tanker decision should be allowed to take flight or remain grounded. As the clock ticks down, the rhetoric ticks up, just as it did before the original decision, which ended in a surprise win for Northrop Grumman/EADS.
In Tuesday’s Web Extra the traders reveal how they’re playing Pharma after Wyeth shares traded lower despite stronger-than-expected earnings. Also get the traders’ Lockheed play.
Stocks opened lower Tuesday after disappointing guidance from Texas Instruments.