Which is the better bet: Stocks of the nation's homebuilders or stocks of multifamily REITs?» Read More
The biggest complaint is the vicious moves in either direction. As one veteran trader told me this morning: "What I buy on Monday, goes down on Tuesday..what I short on Tuesday, goes up on Wednesday."
Day to day the news is still bad. Lousy earnings today from Toll Brothers after lousy earnings from Hovnanian yesterday after lousy housing starts data for July (starts at a 17-year low). Yet the S&P Homebuilding index shows the group up 20% over the last two months.
Following are the “Fast & Furious” trades - hot ways to play tomorrow's market moving events.
There are homebuilder strategies for savvy investors, says Randy Frederick. The director of derivatives at Charles Schwab gave his plays for the sector now.
Yesterday, Kohl's and JC Penney reported August same store sales slightly better than expected. Today Wal-Mart, Target, Gap, American Eagle (reaffirms third quarter guidance), Pacific Sunwear all reported sales above expectations. However, department stores did not fare as well.
As commodity prices decline, the retail sector revs up.
The Dow fell on Tuesday, despite a steep decline in the price of oil. Also investors hammered energy and materials companies. Has the commodity bubble popped?
Gustav has unfurled a wall of worry for stocks in the week ahead.
For the week and month ending Friday, August 29, 2008, the major U.S. Indices ended slightly lower for the week but up for the month. The markets had a volatile week, sinking first on housing price drops and an up-tick in oil prices, then rallying on better-than-expected GDP numbers, and finally falling to end the week on worse-than-expected personal income and spending data. The Dow hit a 200+ point rally on Thursday, its largest one day gain since 8/8. The NASDAQ led the indices to the downside this week, down nearly 2%. For the August close, the Dow, Nasdaq and S&P all finished up 1.5% or more, marking the best monthly gain since April for the Dow & S&P, and best month for the Nasdaq since May.
Plus, his take on housing stocks and a call correction from last week.
The Mad Money host puts an expiration date on this misery and offers 10 reasons why he’s sure the end is near.
Homebuilders have been at the epicenter of the credit crisis. Have they finally hit a bottom?
Where some countries' troubles are just getting started, we look to be coming out of ours here at home.
A down day in Wednesday's market doesn't tell the whole story, Cramer says.
Following are the day’s biggest winners and losers. Find out why shares of Schlumberger and Longs Drug Stores popped while Home Depot and Liz Claiborne dropped.
Google CEO shares his insights on the company and the CEO of Toll Brothers explains why he is still satisfied despite the company's weak earnings. Following are today's top videos:
Stocks closed lower, hurt by rising oil prices and fresh worries about the financial sector, though the market ended off its lows for the day.
So how do you report a 34 percent drop in revenue, a 35% drop in net contracts and a nearly 20% cancellation rate and still come out as the darling of the home building analysts? Welcome to today’s housing market.
Stocks opened lower amid signs that the consumer was buying fewer goods that will cost more in the future.
The Bank of England cut its GDP forecast and said inflation might hit 5 percent, well above the target rate. Despite the inflation worries, the bet is still tilted toward the BoE cutting rates before they raise them.