"I dread looking at Wall Street tomorrow. It's not going to be a pleasant sight." Senator Harry Reid, Thursday night. Gee, Mr. Senator, don't get into the stock commentary business.
Options traders are bearish on State Street, trading January puts in heavy volume. The financial services firm has seen a daily average of 1,800 put contracts over the last 30 days, but 14,000 traded in just the first 90 minutes of the session...
Some days, the bad news is just plain bad. Senate's failure to reach an agreement on the auto bailout package looks set to drive markets lower Friday and that could most certainly mean a bankrupt General Motors.
Stocks closed sharply lower, led by financials after comments from JPMorgan CEO Jamie Dimon and as investors worried about the fate of the auto bailout.
You knew it was going to happen. I've noted that energy and material stocks have notably outperformed the rest of the market for the past several days.
The market may seem boring today, but look under the hood--something is happening. That "something" is rotation: traders are looking to buy some stocks and sectors, and sell others.
The Dow jumped on Friday as investors bet that a steep drop in oil prices will boost consumer spending and the retail sector.
With gas cheaper, mortgage rates coming down and a winter of cheaper heating bills to possibly look forward to, there might be reason for some holiday cheer.
Amid all the headlines asking if Warren Buffett has lost his "touch" as Berkshire Hathaway's stock tumbles, comes a Bloomberg story today headlined Buffett Stock Picks Beat Financials Index As He Dodged Subprime. The takeaway: Buffett's moves to increase Berkshire Hathaway's holdings of Wells Fargo and U.S. Bancorp, while avoiding subprime lenders, are "paying off."
Back when things made sense in the stock market, a company announcing layoffs would be greeted as a positive sign that it was shoring up its bottom line.
Chaos reigns Friday: Lame-duck White House and Congress are unable to reach a decision on the financial crisis. Yet Citigroup stock inched up, despite misgivings over the CEO's determination not to break up the firm. And while legislators dither over the jet-setting Big 3 automakers' fates, one strategist told CNBC that Ford Motor stock could yet quadruple overnight. (You read that correctly.)
Banks are anathema to stock-market investors now, but Peter Sorrentino of Huntington Asset Advisors says that will change — probably around the middle of next year.
The Dow tumbled on Wednesday closing below the psychologically important 8,000 level for the first time since March 2003.
Warren Buffett's Berkshire Hathaway sharply increased its stake in ConocoPhillips this spring and summer, accumulating a total of 84 million shares as of the end of the third quarter on September 30, according to Berkshire's just-released quarterly portfolio filing with the SEC.
US Bancorp is the latest Cramer-recommended bank to enter the M&A market.
The Dow surged higher in an Election Day rally, with investors looking forward to the end of the uncertainty surrounding the long fight for the White House.
Stocks ended one of their worst months ever on a high note as signs of further thawing in credit markets lifted battered shares.
The Dow fell in the last minutes of trading despite a Federal Reserve rate cut and signs that government efforts to shore up credit markets are starting to work.
Cramer makes the call on viewers' favorite stocks.
Stocks sold off in the final hour of trading, an hour that has become known for wild, unpredictable swings, as a new government plan to juice money-market funds and some dismal corporate outlooks kept investors on edge.