When it comes to housing, low gas prices not only help pad people's pocketbooks, but they are also boosting consumer confidence.» Read More
Stocks opened higher after Federal Reserve Chairman Ben Bernanke gave further indication that the central bank was comfortable with current interest rates and General Motors announced a restructuring plan that will close four North American plants.
Toll Brothers, the largest US luxury home builder, posted a quarterly net loss Tuesday, hurt by weakened demand in most markets amid the nation's housing slump, but the results were not as bad as Wall Street had expected.
U.S. stock index futures edged higher after General Motors said it would stop production at a truck plant in Canada and three others in North America.
Fed Chairman Ben Bernanke is in the spotlight Tuesday and he could talk tough on inflation. But it's not likely Bernanke will wander far from his recent comments when he speaks to the International Monetary Conference in Barcelona at 9 a.m. via satellite.
If so, it could spark a marketwide rally, Cramer says.
Stocks closed with solid gains, led by technology companies such as Apple, as investors bet that a sharp drop in crude oil prices will help shore up consumer and business spending on tech gear.
Is this a real bottom or not? Cramer says it doesn’t matter.
Stocks recovered most of their losses and were mixed in the final hour of trading as oil prices pulled back toward $126 a barrel.
Stocks declined after a report showed consumer sentiment fell to its lowest level in 28 years. The market had opened with some optimism after a jump in housing starts, but the souring of consumer sentiment, and a jump in oil above $!27 a barrel, curbed gains.
Not so fast, Cramer says. Plus his thoughts on American Superconductor, UBS and more.
Freddie Mac's earnings may hold the answer, Cramer says.
If it worked for President Gerald Ford in 1975, it could work now.
Others in the oil sector would do well to imitate this strategy, Cramer says.
Toll Brothers, the largest U.S. luxury home builder, said on Tuesday it expects to report a 30 percent drop in home-building revenue for the quarter ended April 30.
Stronger retail sales than expected (ex-auto up 0.5 percent, the best showing since November) has caused an 8-point pop in futures. Elsewhere: 1) Hewlett-Packard's $12.6 b deal for Electronic Data systems ($25.00 a share) is a direct challenge to IBM.
Stocks declined as the market pendelum swung back the other way, sending oil prices to a new high and early cyclicals such as financials and retail lower. Yahoo plunged.
Stocks declined, with General Motors dragging on the Dow amid news of another strike and Yahoo weighing on technology stocks.
A bill designed to help American homeowners in danger of foreclosure also provides billions in tax breaks to unrelated or partially related industries, including automakers, airlines, alternative energy producers and other struggling industries.
Not all homebuilders are big corporate risk takers who got what was coming to them -- it'sthe small-business builders who are the real victims. Also, plays on Wal-Mart, Carnival and more.
Why's Congress handing money to homebuilders that homeowners should get?