The Dow rose for a sixth straight session Tuesday as stocks got a boost from an encouraging report on home prices and an unexpected jump in consumer confidence.
Steve Auth, CIO of Global Equities at Federated Investors, and David Goerz, CIO of Highmark Capital, discussed their market outlooks and how investors should be shaping their portfolios.
Call it a marriage gone right! Pulte Homes takes over Centex in a $1.53 billion deal. This transaction would create the largest homebuilder in the country and $350 million in savings to boot. Pulte Chairman & CEO Richard Dugas discussed it with Maria Bartiromo.
A better-than-expected jobs report fueled hopes of an economic recovery and provided solid footing for the recent market run-up. Are we about to blast higher?
Following are the day’s biggest winners and losers. Find out why shares of Research In Motion and WMS Industries popped while ADM and Pulte Homes dropped.
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.