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Stocks struggled to hold gains Tuesday as investors were encouraged by a report that showed new home construction unexpectedly jumped in February but banks wobbled.
Stocks struggled at the open Tuesday as investors were encouragd by a report that showed new home construction unexpectedly jumped in February but banks wobbled.
Even better: Events that could push the Dow up another 1,000 points.
Stocks rose for a second day on Wednesday after JP Morgan Chase said the bank was profitable in January and February, echoing comments by Citigroup a day earlier.
Cramer makes the call on viewers' favorite stocks.
If you're looking for more reasons why we need to fix the housing mess, try this: It stimulates the economy.
Plus, Cramer makes the call on Home Depot versus Lowe's and the only financial stocks worth considering.
Stocks started to claw back in the final hours of trading Friday after fears of nationalization smacked banks and sent the Dow to its lowest point in more than 10 years.
The dismal housing market dragged down fourth-quarter profits at Lowe's by 60 percent, and executives at the home improvement chain said they see little hope of a substantive fix from a federal effort aimed at helping struggling homeowners.
Friday: Bank nationalization is the big topic du jour. Everyone seems to dislike the idea, but more and more analysts are begrudgingly calling nationalization the inevitable next move in the financial crisis. UBS widened its tax probe; a survey of U.S. homeowners showed more depreciation; and gold rose over $1,000 on investors' flight to safety. CNBC heard from experts who said the U.S. dollar will emerge as the ultimate safe haven; and Citigroup and Bank of America will indeed survive.
European banks are notably weak, and several large U.S. banks like Citi and Bank of America are down 10 percent pre-open. Gold stocks are again trading up 2 to 5 percent.
Stock index futures pointed to a weak open Friday with banks set to take a hammering on growing fears of nationalization for Citigroup and Bank of America.
Instead of asking what Warren Buffett has been buying, we should have been wondering what he's been selling. Berkshire Hathaway's stock portfolio snapshot for the end of the fourth quarter reveals its holdings in Johnson and Johnson have been slashed by more than half.
Plus, get the Mad Money host's calls on General Electric, Home Depot, Lowe's and more.
The company should see a big move once housing makes its turn this summer.
Plus, Cramer makes the call on Caterpillar, Joy Global, corporate and municipal bonds, mortgage-backed securities and more.
This company's varied businesses could offer investors the best of both worlds.
Get Cramer's top three plays for what he sees as an impending end to that sector's massive declines.
I spoke to one large mortgage broker in Philadelphia this afternoon, who said they were now quoting 30-year fixed rate mortgages at 5.5 percent, a drop of a half-point from yesterday's 6.0 percent. That is a big drop.
Stocks rallied Monday as investors welcomed news the government had stepped in to backstop troubled bank Citigroup. Shares of Citigroup jumped nearly 60 percent, ending just shy of $6 a share.