"I think this is probably the March rally beginning to roll over, the question is how much of a correction does it turn into," Cashin told CNBC. "There's going to be a lot of jockeying around in the next few days."
New highs brings little excitement. The S&P 500 and the NASDAQ are sitting at highs for the year, but why doesn't it feel like it? Is it the light volume, the low volatility?
Bank stocks might be volatile, but investors should be exposed to them right now, said David George, senior research analyst at Robert W. Baird.
There is Ally Bank: “A better kind of bank.” And A.I.U.: “A unique franchise.” And — really — Redneck Bank: “Where bankin’s funner!” All are new names and new slogans for old companies with big worries and, in some cases, even bigger image problems.
Plus, Cramer makes the call on steels, coal and more.
April pending home sales of existing homes - which measures contract signings--stronger than expect - April, up 6.7 percent, much better than expectations of a gain of 0.5 percent.
Existing U.S. home sales climbed in April as consumer confidence rose. Reports say GM is close to bankruptcy as tech stocks gain Wednesday. What does this mean for the stock market? Art Cashin, UBS Financial Services director of floor operations, offered CNBC his Wednesday insights.
Stock markets are just at the beginning of a larger rally which could see the major indexes jump another 20-to-30 percent and banks are the best bet, Michael Browne, portfolio manager from Sofaer Global Research, told CNBC.
With its shares up almost 20% from where it priced its massive offering of stock late yesterday, hedge funds that got sizeable allocations of Bank of America shares are crowing, while many accounts that got cut back severely on their requests are cursing.
Plus, Cramer talks tech, restaurants, retail, IPOs and more.
This bank stock holds tremendous upside potential, Cramer says. Much like its predecessor, which did generate that big of a profit for investors.
Stocks capped another strong week with a triple-digit rally Friday as Wall Street breathed a sigh of relief after the stress-test results and banks soared.
S&P up over 5 percent this week, you would think the entire market is rallying. Think again. Lift the hood a little, and you will see big-time rotation going on.
US banking regulators released results of the stress tests on the 19 biggest American financial institutions, saying which banks need additional capital to survive a worsening of the economy
The bank stress tests may not only be misguided policy, critics say, but may actually conflict with two other key government initiatives to stabilize the financial system.
As the mighty fall, smaller, stronger players are gaining market share.
The existing US banks have survived tough economic conditions over the past half year, which can be assimilated to a real-life stress test, Bob Parker, vice-chairman at Credit Suisse Asset Management, told CNBC.
The S&P rose in volatile trade on Thursday as better-than-expected results from several regional banks lifted financial shares...
The market is trading lower ahead of earnings from Microsoft and Amazon however investors are finding some relief in the financials.
Wells Fargo's big upside earnings surprise has got everyone dissecting what is exactly is going on here; most agree it is a real estate recovery story, at least for the moment.