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All major U.S. Indices ended the week in positive territory, led by a 4.46% gain in the NASDAQ Composite Index. Commodity prices continued to fall broadly across the board, with oil prices tumbling $9.90 this week.
For the week ending Friday, August 8, 2008, the U.S. markets ended the week on a positive note, cheered by a retreat in commodity prices, a Fed’s decision to keep rates steady at 2%, better-than-expected results in pending home sales, and a stronger dollar.
Following are the “Fast & Furious” trades - hot ways to play tomorrow's market moving events.
For the week ending Friday, May 30, 2008, the markets finished up, with all major indices increasing ~1.3% or higher for the week. Only the Dow declined for the month, shedding 1.42%. The NASDAQ reached its third consecutive monthly gain , up 4.55% for the month. The markets were encouraged by better than expected earnings from retailers and strong results from Dell. U.S. GDP for 1Q also helped lift stocks up, as it rose 0.9% at an annual rate , better than the previous estimate. Crude Oil also retreated to lower levels.
On Wednesday a sharp gain in U.S. business investment offset renewed credit market jitters and oil rebounded to over $131 a barrel. What's the "Word on the Street?"
Stocks closed at their highs for the day after bouncing up and down throughout the session.
Cramer says he likes Emerson, Ralph Lauren and Nucor, too.
Dow's CEO, Andrew Liveris, noted that first quarter feedstock and energy costs were up "a staggering 42 percent," putting strains on the company and its relations with customers. For most chemical companies, price increases have failed to keep up with raw material increases.
Oil prices will continue to roil the stock market this week as the summer driving season officially kicks off and as more companies feel the pinch of higher energy prices on their profit margins.
The week was chock full of economic angst and M&A intrigue. But one dark constant loomed over all ... rising oil prices.
Ron Baron likes casinos and fancy clothes. The chairman and chief executive of Baron Capital joined CNBC's "Billionaire Summit" -- a select group of the world's most successful businesspeople -- to offer his investment outlook.
CNBC asked some of the world's most successful businessmen for their take on the markets and the economy.
There are cheaper food companies that are just as good, Cramer says.
Dow Jones has created a Summer Games Index to track the companies involved in the Olympics. How is it reacting to the protests?
As of Friday, 441 (just under 90%) of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
Last night, JC Penney unveiled its largest brand launch in company history--which also happens to be Ralph Lauren's biggest bet. Dubbed "American Living," the clothing and homegoods line is centered around the same-preppy aesthetic that Ralph Lauren has mastered but the price points are far from the high-end ticket prices that usually accompanies any RL project.
To date 364 (just under 75%) of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
Following are the day’s biggest winners and losers. Find out why shares of Ralph Lauren (RL) and JDS Uniphase (JDSU) popped while IAC/InterActiveCorp. (IACI) and Cheesecake Factory (CAKE) dropped.
"I don't know how the company comes back from it," Cramer says.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Q: On Fast Money's Trader Radar we look at the stock that was lighting up screens across Wall Street on Wednesday. This company's sweaters and rugby shirts are staples in any prepster's closet. Even though the retail sector has been hit hard lately, the future looks bright for this company as the stock rose the most in eighteen months after revealing strong growth in Europe. The company has come a long way since 1967 when it was founded by Ralph Lifschitz. Who is it?