"Power Lunch" hosts Melissa Lee and Brian Sullivan look at 5 stocks with analyst recommendations, including Mondelez and PulteGroup. » Read More
Stocks rallied to their highest closes since November Monday following encouraging economic reports from the U.S. and abroad and following news that auto sales got a boost from the "Cash for Clunkers" program.
Stocks rallied Monday after a pair of encouraging reports on the manufacturing sector, plus strong bank earnings out of Europe and expectations for strong auto sales. The S&P briefly topped 1,000, a level it hasn't seen since November.
Stocks got a quick pop at the open Monday after some strong bank earnings out of Europe and expectations that auto sales will show a boost from the "Cash for Clunkers" program. But the rally quickly fizzled.
Stock index futures indicated a strong opening for Wall Street Monday, helped by European markets that hit a broader-index high for the year on better-than-expected bank earnings.
The Dow poked into positive territory Monday afternoon, led by Bank of America, as a jump in new-home sales buoyed bank stocks. Still, the blue-chip index struggled to stay above water as worries about a record $200 billion in Treasury auctions this week and lowered outlooks from Honeywell and Aetna cast a shadow over the market.
Plus, get calls on the industrials, credit cards, M&A and more.
How can someone be so positive in the face of falling share prices and growing unemployment? This is how.
Here’s how you trade it.
KB Homes is up nearly 6 percent along with heavy options activity, as traders may be thinking that housing prices are finally hitting bottom.
Think the financial hurricane has past? According to one widely followed investor, this is the eye of the storm.
The imbalance in housing demand and inventories will continue to keep home prices down for some time, said Michelle Meyer, economist at Barclays Capital, and Karen Weaver, analyst at Deutsche Bank.
Options trading turned bullish in Lennar Monday, after Citigroup predicted that the home builder will survive the housing bust. Call volume surged to 12,428 contracts, more than triple the 20-day average...
The National Association of Home Builders says its housing market index increased for the second month in a row in May, reflecting growing optimism on the part of many builders
They looked like hot stocks; so how are the Fast Money traders playing Pulte, Fortress and other losers, now that they've been burned!
The April employment report and Thursday's late news on bank stress tests will steer Friday's markets.
Stocks pulled off a gain after a turbulent session Wednesday as investors weighed reports that indicated the pace of layoffs is beginning to slow against worries that the rally may be getting ahead of itself.
Stocks opened higher following two reports that showed the pace of layoffs is beginning to slow but soon turned mixed as investors pulled the reins on the rally.
If Fed Chairman Ben Bernanke continues to see those "green shoots" in the economy, stocks could push higher again Tuesday.
After a couple of bearish days, the bulls regained their footing in the shortened trading week. There was plenty of action off the trading floor as well, with a major decision by the Federal Accounting Standards Board, a heartening merger in the housing industry, and some impressive earnings projections from Wells Fargo.
On Wednesday, investors were intriqued to learn that a big merger appears likely in the housing sector. Does it signal the worst is over?