Some of Monday's midday movers:» Read More
Former Fed Chairman Alan Greenspan dampened stock performance around the world with his warning yesterday that China's red-hot stock market will face a sharp decline some day. European markets are lower this morning and Asian markets closed mostly lower overnight. Yet China's Shanghai index shrugged off the comment, closing just 0.5% lower after managing to also hit a new intraday high in a volatile session.
It may finally be getting easier to sell that house of yours again. The SPDR S&P Homebuilders (XHB) has turned this month, jumping 6% over the last five days alone. More than half of that came today on comments from Treasury Secretary Hank Paulson who suggested the housing sector may get a little better. Is the worst over?
People just don’t believe Cramer when he says he thinks the Dow Jones Industrial Average will see 14,548 by year’s end. That’s why all week he’s breaking down each component of the index to show the nonbelievers from where the next 1,000 points is coming. 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.
The guys go behind the headlines and give you their take on... climbing prices at the pump... "beans in the teens"... and more. Find out where they see fast money.
Stocks will take their direction from economic data today after yesterday's drenching from negative April chain store sales took the Dow down 147 points and bit 1.7% off the Nasdaq and 1.4% off the S&P 500. European markets are lower, following overnight weakness in Asian markets.
Stocks ended higher and the Dow closed at a new record after the Federal Reserve voted to keep interest rates unchanged. "You're seeing a lot of money that was put on the sidelines earlier in the day … that money was safe to come into the market," said Jeff Kleintop, chief market strategist at LPL Financial Services.
I almost didn't want to do the Toll Brothers earnings report today on TV, because frankly, I feel like a broken record. Oh look, there's a homebuilder reporting poor earnings, missing the Street's expectations and lowering full-year earnings outlooks. And guess what? It's those tighter lending standards and that buyer skittishness that has everyone running for the hills of suburbia.
Stocks are searching for direction at lower levels ahead of the Fed's meeting today. The Fed is not expected to move on rates but its comment will be watched carefully.
Home builder Toll Brothers said its preliminary second-quarter sales fell from the same quarter last year, due to continued weakness in the U.S. housing sector, and the company also said it will not meet its previous sales and earnings guidance.
It should surprise no one who watches the ups and downs of Wall Street that a horse named Street Sense would come from way behind to win the Kentucky Derby. The week ahead looks like it will put everyone's street sense to the test as a louder chorus of market watchers use the word "caution" when it comes to buying stocks.
Media stocks are cheap, so some big players in the industry are saying “Let’s make a deal.” This week's flurry of potential media mergers includes such heavyweights as News Corp., Dow Jones, Reuters and Thomson. Analysts say that the main driver behind the proposed combinations is that media stocks are relatively cheap, making companies ripe for picking.
Thanks to the housing boom, a lot more people own million-dollar homes than a decade ago, but the status symbol certainly isn't what it used to be.
Want to become a billionaire trader? Then you need to think like a billionaire trader-- and take big picture trends such as employment or housing starts and turn them into winning stock picks. We call this feature Stockonomics. Click here to find out how to find fast money in economics.
Builders remain cautious and buyers continue to be hesitant, but investors may want to make a move.
Here's our Fast Money Final Trade. Our guys give you Monday's best trades, tonight!
Picking through the housing rubble, Guy has a strong recommendation on Toll Brothers (TOL). It’s a homebuilder that doesn’t have the same exposure to the subprime contagion because it tends to work in the higher-end of the homebuilding world.
In the wake of a Charlotte Observer report about one area's unusually high foreclosure rate, Beazer Homes USA said it has received a grand jury subpoena from the U.S. Attorney's Office, which is probing its mortgage origination business. A unique case? Not according to CGM Capital Management's Kenneth Heebner, who says the negative impact of fast and loose lending policy has "only begun."
Is the housing sector doing better than consumers think -- or are some contrarian market boosters guilty of "cherry picking"? An economist and a CEO debated the question, on "Morning Call."
If you’re at all interested in the housing market, then you’ve probably heard the sound from yesterday’s webcast of a Citigroup homebuilder conference. Donald Tomnitz, CEO of D.R. Horton, the nation’s largest homebuilder by volume, said, “I don't want to be too sophisticated here, but '07 is going to suck, all 12 months of the calendar year.”