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Wall Street prepares for lift off on the opening amid calmer credit markets, higher world stock markets and some merger news. European stock markets are comfortably higher, and Asia closed higher though Japan stocks were flat on the rising yen.
With the markets so volatile, many investors might be tempted to head for the exits. But in these nervous times, there are smart moves you can make to protect your portfolio. CNBC asked the experts what they would buy--and sell--in this type of environment. Here's what they're telling us.
From commodities and construction materials to interest rates and mortgage lenders, the state of real estate is at the forefront of most business and financial debates. But some say opportunities still exist -- if you know where to look. CNBC's crack team of reporters dug into the real estate market from every angle. Here is a sampling of what they found.
Cramer feels a disconnect between today's tape and the outlook from the Fed. Which should you be betting with?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.
Financial stocks got hammered again on Thursday as renewed credit worries scared investors away from the sector. Housing stocks, however, showed surprising strength even with the growing problems in the subprime mortgage market.
U.S. stocks powered to a sharply higher close in a volatile final hour of trading after the markets were roiled by rumors and comments from President Bush. "The rollercoaster ride is not over yet," said Stuart Schweitzer at JP Morgan Private Bank. "I think we're in the fourth inning on subprime and credit-related issues, but this economy is resilient."
Toll Brothers said it expects to report a decline in quarterly home-building revenue as the U.S. housing crisis deepens, and the company's CEO said sales might have further to fall.But the luxury builder's sales were higher than forecast, pushing its shares up sharply.
Homebuilding stocks continue to rebound from 52-week lows carved out last week while tech investors were encouraged by a number of favorable earnings reports and brightening sentiment.
Another day of big volume and big volatility. Why the late-day turnaround? With volatility like this, it's no wonder traders are lost and confused; the momentum guys are not sure if they should be buying or selling.
Cramer likes to say there’s always a bull market somewhere, but tonight he played the role of the ultimate bear.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.
Next week, no fewer than six major public home builders will report their quarterly earnings, all right around the same day that the U.S. Dept. of Commerce reports its New Home Sales data for the month of June. I doubt either will be very heartening for investors.
ConocoPhillips, Altria, Toll Brothers, Honeywell and more...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.
A key measure of industry sentiment on the U.S. market for new homes fell to its lowest point in more than 16 years, a trade group said Tuesday, as builders struggled with rising inventories of unsold houses across the country.
What’s a big public builder to do when the quarterly earnings report reads like a Stephen King novel? Do what you can to survive. Over the last couple of weeks I’ve read bits and blurbs of builders changing their strategies in order to stay afloat in these tough housing times, and I’m not talking about giving away a BMW with the kitchen sink.
Speaking at a real estate conference in New York, the CEO of luxury homebuilder Toll Brothers, Robert Toll, said, “I see no reason to expect a change in confidence until probably April ’08, when the candidates will fairly well be settled for the presidential election and we’ll start to listen to speeches about how we’ll get better.”
Of course, nobody’s perfect! Click here to find out which of the recent picks in technology...home building... and more that didn’t quite pan out.
Luxury home builder Hovnanian Enterprises posted a quarterly loss on Thursday compared with a year-earlier profit and withdrew its prior earnings forecast, citing a protracted U.S. housing slowdown. 1st paragraph of story should go here.
Sales of new U.S. homes rose 16.2 percent in April, the sharpest climb in fourteen years, while prices fell a record 11 percent, according to a government report on Thursday that showed home builders taking extraordinary steps to move houses.
Luxury homebuilder Toll Brothers said its fiscal second-quarter profit fell sharply and it remained uncomfortable giving an earnings forecast in the face of the contracting housing market
Homebuilder Toll Brothers said its fiscal second-quarter profit fell sharply from the year-ago period. Yet April new-home sales topped estimates, jumping 16.2%. Nishu Sood, sector analyst at Deutsche Bank, joined "Squawk on the Street" to make sense of the news -- and offer ways to play the housing market.