Billionaire investor Mario Gabelli tells CNBC about three auto parts stocks he likes and two convenience store operators that should benefit from cheaper gasoline.» Read More
Stocks sagged Tuesday as traders mulled over Fed comments about strongly resisting inflation. What's the "Word on the Street?"
Futures are lower this morning, as Ben Bernanke reiterated what two other Fed officials said yesterday: that the Fed would strongly resist higher inflation, implying that rate hikes might come sooner than expected.
For the week ending Friday, June 6, 2008, the markets finished in the red as the CBOE Volatility Index (VIX) again crossed above the 20 threshold and oil surged. Stocks were impacted by continued economic concerns, renewed trouble in the financial sector, and a record spike in crude oil on Friday. Although it was a negative week for the markets, the Dow managed a 200+ point rally on Thursday for the first time since 4/18, after retailers posted better than expected same store sales.
The Pep Boys - Manny, Moe & Jack, an automotive parts and service chain, posted a wider third-quarter loss Tuesday and said it closed 31 stores, which will result in a work force reduction of about 3 percent, or about 550 employees.
Hey folks--here's a look at the top percentage gainers and losers from Thursday of this week.Webex is up 22.03% if you bought it on 3/14 at $46.20 and held/sold on 3/15 at $56.38. Webex agreed to be acquired by Cisco for $3.2 billion.
Good morning all. Here's how the contest shapes up. Chad Mazeika maintained the top spot in the leaderboard for the 2nd day in a row with a value of $1,912,396.75. Chad's gain from Thursday was based on his Zumiez trade and Bonus Bucks.