Happy Tuesday. Looks like some white stuff is on the way for Wall Street, so we're just going to snuggle up with a morning six-pack.» Read More
Folks, here are some great stats from out contest trackers that I know you will want to have: analysis of the 313 Transactions within the top 20 leading portfolios by dollar value from the close of Thursday, 3/15 through the close of Thursday, 3/28 shows some sector rotation. Whereas in the first run from 3/2 - 3/14, retail stocks were by far the most actively traded..
SAP's head of software products, Shai Agassi, will resign because he was unwilling to wait to become the next chief executive, and sales chief Leo Apotheker was named deputy CEO, the company said on Wednesday.
The chief executive of SAP's TomorrowNow subsidiary, Andrew Nelson, defended the unit's business practices in his first public response to a recent lawsuit from rival Oracle, The Wall Street Journal reported.
Oracle sued SAP, on Thursday for "corporate theft on a grand scale," claiming its business software rival had stolen copyrighted software and other confidential materials.
Wow--did actor Ernie Hudson made a move or what Wednesday in "Trading With The Stars." He's now in 2nd place after making the biggest climb of any celeb trader so far. Ernie moved 5 places after being in 7th just the day before. How did he do it? Seems he sold all he had and is now strictly in cash. Will that strategy hold? Remains to be seen.
Stocks erased nearly all of their losses for the year after investors interpreted comments from the Federal Reserve to mean that an interest rate hike is less likely.The S&P 500 and the Nasdaq turned positive for the year, erasing all of last month's selloff, while Dow Jones Industrials is still down slightly for the year.
Here's our current celebrity standings for "Trading With The Stars," and what they've been up to. Not much difference from Monday, as the top three spots remain the same. But Judy Gold is slipping down a bit. She was in 4th place after Monday's action, but is now in 6th from Tuesday. James Cromwell moves up to 5th from 6th.
The stock market has an appointment with the Fed today and Wall Street is largely non-committal ahead of the open. But some healthy earnings reports are adding positive sentiment.
"We exceeded guidance on every metric with strong revenue growth across all product lines and in all geographies," said Oracle President and Chief Financial Officer Safra Catz. Sales for the quarter came in at $4.41 billion, the software company said.
Oracle posted a quarterly profit and revenue that topped Wall Street forecasts as software license sales from new acquisitions grew, sending the business software maker's shares higher in extended trading.
Housing starts will drive direction today as stocks trend lower ahead of the open. The Fed starts its two-day meeting today, and is largely expected to make no move on rates when it winds up the meeting tomorrow afternoon.
Fresh data about the weak-kneed housing market and a two-day Fed meeting are highlights in a week that investors enter with anxiety.
The fallout in the subprime mortgage industry continues to trouble the markets, and analysts expect the issue to be at the forefront of investor concerns next week.
Despite what you’re hearing these days, tech isn’t going to bottom any time soon. Don’t get bamboozled by hopeful analysts – hope is not a part of the equation.
Cramer's got some advice for holders of Yahoo!, NYSE Group and Ford and more...
The news: American International Group Inc., the world's largest insurer, on Thursday reported fourth-quarter profit rose sharply from a year-ago period weighed down by hurricane losses, but results still missed Wall Street projections. The word...
Stocks closed moderately lower, but well off session lows as investors went bargain hunting. "The market is trying to settle in at some level," says Barry Hyman, Equity Market Strategist at EKN Financial Services. "There is a perception of change and there's a lot of nervous money still out here. "
Business software maker Oracle will buy Hyperion Solutions for $3.3 billion in cash, renewing a shopping spree aimed at toppling rival SAP.
Bill Gates declared in a Washington Post op-ed piece that, "We must...make it easier for foreign-born scientists and engineers to work for U.S. companies." And that's where the "Power Lunch" discussion of immigration reform and fears of a U.S. "brain drain" began.
U.S. stocks may have more room to run, but analysts say it might be wise to buy on the dips as the market looks for the next big catalyst to move it forward.