Nearly 2.1 billion shares and $34 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
The dollar is weak again; Band of England lowered rates, but Europe has been weak right from the open and that weakness has spilled over into our futures. Elsewhere: 1) March retail sales were again fairly sluggish...
Following are the day’s biggest winners and losers. Find out why shares of Sealy and SanDisk popped while Amazon and Visa dropped.
Following are the day’s biggest winners and losers. Find out why shares of Mastercard and Continental Airlines popped while Yahoo and Time Warner dropped.
Stocks closed higher Thursday after Standard & Poor's delivered the words Wall Street was waiting to hear: The end is in sight.
Stocks plunged Thursday following news of the imminent collapse of Carlyle Capital and the dollar's 12-year low against the yen.
Stocks plunged Thursday following news of the imminent collapse of Carlyle Capital and the dollar's 12-year low against the yen.
Futures down 17 points, as Carlyle Capital's mortgage unit is on the verge of bankruptcy; their lenders are forcing the sale of assets to meet margin calls. They are in default of margin calls of over $400 million and are highly leveraged.
Disappointing. Challenging. Uncertain. Short of expectations. Those are the words most heard from companies in this morning's December same store sales report. Large companies like Macy's, Gap, Abercrombie, and Ann Taylor reported sales below expectations.
Finally, an oversold rally; the Dow moved 225 points the last 90 minutes. It was the first close at the highs for the year; financials led, but beaten up groups like airlines also posted a nice rally. Defense stocks rallied as well.
So is this is a tradable bottom or just a head fake? Bulls point to the still-huge short position in financials, the large cash positions, and the hopes that the strength of the rally will suck in other players looking for a last year-end play to add a point or two to their bottom line profits.
A real food fight breaking out over the September retail sales numbers. No hiding the facts: they were below expectations, which had already been lowered. Men's Warehouse, American Eagle, Target, Limited, Nordstrom, JC Penney lowered earnings; Kohl's said earnings would be at the low end of the range.
September comparable retail sales were generally lower than expected, even after numbers were lowered in the last week. Apparel companies like Limited, Chico's, Abercrombie, Gap and Limited missed, but so did Target, as did the department stores like Saks and Nordstrom.
Warm weather left apparel retailers with a lot of unsold suits and sweaters in September. Limited, Chico's, Abercrombie, Gap and Limited missed. Men's Wearhouse cut its forecast for third quarter profits, citing "continued softening in traffic trends."
Concerns that retail earnings and same store sales might be on the light side are being born out, at least initial numbers. Men's Wearhouse cut its forecast for third quarter profits, citing "continued softening in traffic trends." American Eagle saw a decrease of 5% in September comparable store sales, citing lower traffic and unseasonably warm weather.
Six Flags is taking me for a ride - please help!; how should trading volume affect my stock picks?; where does Nordic American get off paying such a high dividend?Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Well, today is the biggest day for our Million Dollar Portfolio Challenge contestants. The trades they execute prior to 4pm will be the last trades that will impact their total portfolio value based on their performance on Friday. Only $22K separates the top three positions. Nancy Beaumont holds first place for the 3rd straight day. Nancy looks like she may maintain her first position with retail company Gymboree. Joe Dondero is losing so far today on his all-in bet on Ansoft. It's down in a rather 'up and down day" on the Street. But like Nancy, 3rd place holder Serge Amelyan is getting the benefit from Gymboree's rise.
Hey folks, here's one of our last contest stock reports. And it's somewhat appropriate we do so as we are coming back full circle to the start of the contest with Fremont General once again on the actives list based on their news about its reorganization, selling a unit, and installing new management. Here you go:
Good morning everyone. Today--Thursday--is a big day for our contestants. The trades they execute prior to 4pm will be the last trades that will impact their total portfolio value based on their performance on Friday. And, the race at the top gets tighter each day. Only $22K separates the top three positions. Nancy Beaumont holds first place for the 3rd straight day on the 9.75% gain of The Men's Wearhouse. Nancy looks like she may maintain her first position with Gymboree up almost 10% in extended hours.
Several of our CNBC Million Dollar Portfolio Challenge finalists are "betting" on gaming stocks for a big finish--so they can win a cool $1,000,000. Gamestop is the stock of choice with earnings coming out. Also, The Men's Wearhouse is "wearing" well with the top two contestants. Here's a look at the top standings and current portfolio values. The contest ends this Friday, so the clock is ticking!! (video below with Margaret Brennan wrapping it all up for you)