Even after a week with all-time stock highs, the market still holds opportunity, TheStreet CIO Stephanie Link says.» Read More
Diversified manufacturer United Technologies said Wednesday quarterly profit rose 23 percent, boosted by strong demand from the aviation and commercial construction markets, and affirmed its 2008 outlook.
Now that the Fed has acted, earnings news comes back to the fore as investors look ahead to Wednesday's Wall Street open.
A heavy gloom hanging over Wall Street may deepen this week unless such bellwether companies as Apple and United Technologies provide investors with hope that the U.S. economy can avert recession.
Forget rate cuts and stimulus packages. In Wall Street's eyes, the recession is already here and the credit crunch is far from over.
Even in an uncertain market, there are always opportunities to make money.
Falling shares are likely to keep sliding in the near-term, cautions David Sowerby -- so hold off on bottom-fishing for stocks. Instead, the chief market analyst and portfolio manager at Loomis Sayles names stocks that will continue to benefit from capital spending.
George David, chief executive of United Technologies, the parent of Otis Elevator, said elevator sales are a good indicator of the economy's health, and he sees positives signs that lead him to believe a recession is unlikely.
Futures drop about 6 points on CPI stronger than expected. Elsewhere: 1) Following HSBC and others, Citi said that it's bringing its $49 billion in SIV assets on its balance sheet. Taking this exposure onto their balance sheet can be viewed as a surprise--they had previously indicated that they would not take on any exposure beyond the $10 billion in liquidity funding they provided to the SIVs.
Honeywell (HON) and United Technologies (UTX) both appear to be thriving on aerospace demand. Should you trade it?
Cramer makes the call on viewers' favorite stocks.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.
For some time now, the watchword in investing has been "value." As a result, some fund managers think, the prices of growth stocks have slid to bargain levels. Tom Ognar, portfolio manager of the four-star Wells Fargo Advantage Growth Fund, agrees.
Stocks ended mixed as a strong earnings reports from the tech sector were offset by a selloff of blue chip stocks. Meanwhile, oil futures spiked to a new intraday record but ended lower on late profit-taking.
Third-quarter earnings are generally coming in better than expected so far, though investors aren't always focusing on the good news.
The markets are having trouble holding their gains for a very simple reason: the decline in building permits suggests further decreases in housing starts in the months ahead. Here is a point where the bears may have some traction...
Diversified manufacturer United Technologies said Wednesday quarterly net profit rose 20 percent, slightly beating Wall Street's expectations, as strong demand from the aviation and commercial construction sectors offset the weak U.S. housing market.
The good news that tech stocks are, for the most part, living up to the recent price run ups is being slightly overshadowed by the growing evidence that the weakness in the U.S. housing business is spreading into other areas...
United Technologies is THE classic global growth stock. Like truly global stocks, they get more than half their sales outside the U.S.: 49% from U.S., 25% from Europe, 15% from Asia/Pacific, 10% elsewhere.
Here are my morning observations: 1) Techs come through: after the disappointment of yesterday, when many regional banks hit new lows, the news flow is far more positive. We said last week techs had to make some positive noises to justify their recent runups: Yahoo, Intel, and Seagate all were better than expected.
Wall Street will try to shake off its housing induced malaise on Wednesday, with the help of some good earnings news from the tech world. But key inflation and housing data and another batch of major earnings before the bell will be play a big role in deciding the course for stocks.
The earnings extravaganza begins Monday and lasts all week. Here's what to buy. Also, Cramer expects Citi's Chuck Prince to be gone soon. 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.