Jim Cramer quickly gives his opinion on caller favorite stocks, including this popular play that could be downgraded soon. » Read More
Stocks opened aggressively higher Thursday as Wall Street sought to break a dismal six-day losing streak.
S&P futures are up 19 points, and while many think this is because Treasury is actively shopping the idea they will take an ownership stake in U.S. banks, bear in mind that the market now routinely swings in 20 plus point ranges in a day, and often overnight, so futures up 15 is not even unusual any more.
Stocks closed lower after swinging wildly all day as a coordinated global rate cut failed to reassure investors.
While well off their lows and now even in positive territory, the Dow, S&P and NASDAQ had been down for the sixth straight day. Here are the stats for 6, 7, and 8 day losing streaks in case the streaks continue.
After closing at 1029, S&P Futures traded as low as 962 until the early morning, then rallied to as high as 1043 when the coordinated rate cut of half a point was announced, then moved all the way back down.
No buyers showed up on Wall Street this week. It sounds like a simplistic excuse, but traders say they don't see real buyers, and that's why the stock market spirals lower and lower.
Turns out Wachovia's CEO was more hero than villian. It's just that Cramer didn't know until the Wells Fargo deal was announced.
Wall Street capped its worst week in seven years with a late day selloff as traders briefly celebrated the House's approval of the Wall Street bailout, then yanked their positions ahead of the weekend.
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.
Stocks hovered around the flat line Friday afternoon after the House approved the revised $700 bailout bill for Wall Street. Apple shares recovered as did shares of Hartford and other insurers.
It would be a "tragedy" if the government let this company fail, he says.
Oil inventory data could be as much a factor for stocks as energy markets Wednesday, if the seesaw trade between the two markets continues.
MetLife, the largest life insurer in the United States, said on Tuesday its second-quarter profit fell as investments took a hit, missing Wall Street expectations and sending shares down nearly 10 percent.
The Dow surged by triple digits on Tuesday as oil prices fell and Merrill Lynch’s latest write-down raised hopes of a turning point in the credit crisis.
Cramer makes the call on viewers' favorite stocks.
MetLife,the largest life insurer in he United States by assets, said on Thursday first-quarter net income fell 37 percent, hurt by investment losses.
Farewell April. you weren't as cruel to the stock market as you could have been.
Don't touch the bond insurers, Cramer says. Instead, go with these.
Is it time to jump back into beaten-down financial stocks--or is it still too early? Even the financial giants themselves can't agree.
Goldman Sachs said Tuesday it selectively upgraded shares of some brokers and asset managers, but remains cautious on stocks of regional banks, mortgage and specialty finance companies and real estate investment trusts.