Despite weak new home sales data released on Monday, an analyst said that the housing recovery is still very much forging ahead.» Read More
Pulte Homes CEO Richard Dugas talks about the state of the market and his company.
Plus, debating Merrill Lynch CEO John Thain's potential severance package.
Housing woes and high oil prices pushed one of Wall Street's tried and true trading strategies off schedule.
Whirlpool may look like a stock to avoid, but there's a reason the big money managers are buying it.
Stock index futures pointed to a flat open for Wall Street as enthusiasm waned over the bailout of Fannie Mae and Freddie Mac and worries about the economy returned to the markets.
The Dow and S&P soared on Monday as investors bet Washington's Freddie and Fannie bailout will stabilize the housing market and ease the credit crisis.
Plus, Cramer explains the retail rally and why China right now is like the Nasdaq in 2000.
Now that the government is in charge of the GSE's (can I call them Government "Sponsored" Entities or should that change to something else??), analysts are looking for the builders to reap the rewards, long term in sales and short term in the stocks.
Cramer's been predicting the return of this sector. But not every stock is worth buying.
Of all the houses in the neighborhood, this is the one you don't want.
There’s always a bull market somewhere, Cramer says. Don’t give up on that.
If all real estate is local, it's also true that what's ailing the market can sometimes spread from one area to the next. That seems to be the case with home foreclosures and the role of two particular kinds of alternative mortgages, which have yet to achieve the villain status of the subprime market.
Disappointing stats on the job market added another layer of anxiety to a market already worried about a global slowdown, which sent stocks spiraling back into bear-market territory.
Stocks fell sharply Thursday as oil clawed back some gains and a report showed jobless claims unexpectedly rose last week.
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.