Stocks looked set to open lower Tuesday and pull back from a strong surge in the previous session.
David Lutz, managing director at Stifel Nicolaus Capital Markets, and Jim Iuorio, director at TJM Institutional Services, advised investors what to buy and sell now.
Stocks barreled higher Tuesday as consumer confidence hit its highest level in eight months and a broker upgrade on Apple buoyed the Nasdaq.
Stocks recovered from a lower start Tuesday as consumer confidence hit its highest level in eight months and a broker upgrade on Apple buoyed the Nasdaq.
Stocks bounced back from a lower open Tuesday as a broker upgrade on Apple buoyed the Nasdaq. Getting the market off to a jittery start after the three-day weekend, the decline in housing prices showed no signs of letting up and there were reports of another missile launch by North Korea.
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.
Stocks flopped Friday, capping a dismal week, as bank stocks pulled back after recent gains.
Even though Warren Buffett always says he likes stocks more when they're cheaper, he didn't do a lot of buying as Wall Street's major indexes fell to their bear-market lows (so far) in early March. Berkshire Hathaway's first quarter stock portfolio snapshot shows no blockbuster buys. A few stakes did, however, get bigger during the first three months on the year.
Market experts Alan Gayle, senior investment strategist at RidgeWorth Capital Management, and Kevin Giddis, managing director at Morgan Keegan, each said the economy has bottomed — but it will take a while before a real turnaround.
Stocks opened flat Friday as investors were encouraged by a pair of better-than-expected manufacturing readings but dismal economic data out of Europe and weak U.S. retail reports capped gains.
Stocks lost more than 2% Wednesday as bank shares continued to struggle and retail sales unexpectedly fell for a second straight month.
Stocks declined Wednesday as bank shares continued to struggle and retail sales unexpectedly fell for a second straight month. A brief reprieve after the business-inventories report and comments from President Obama fizzled.
Stocks pared their losses Wednesday after a report showed business inventories shrunk at a slower pace and remarks from President Obama on health-care reform. Still, stocks remained under pressure as bank shares continued to struggle and retail sales unexpectedly fell for a second straight month.
Has government involvement in the financial sector been beneficial to the largest U.S. banks? After the completion of the government’s bank stress tests, results showed that 10 out of the nation’s 19 largest banks need to raise ~$75 billion in capital to become more solvent.
Some market watchers are speculating that the stress test results could trigger a string of mergers.
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 government will try and spin the results positively, and argue that most financial firms are in good shape and no one firm “failed” the test. But the market should know differently. Because the stress tests applied consistent standards across banks, the relative ranking of the banks will be quite accurate. The losers will be out there for us all to see," writes Roubini and his colleagues.
As of yesterday, over 80% of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
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.
Shares of bank stocks soared even as the government told some of the industry's leaders that they'll need to raise billions to pass stress tests.