Don't judge all financial stocks by the Lehman-AIG-Merrill meltdown. Commercial banks look strong and will get stronger, according to Richard Bove and Jack Bouroudjian. The expert strategists offered their recommendations to CNBC. (Part One)
There's a lot of talk about this proposed bailout. Here's why most of it is wrong.
Stocks fell more than 1 percent amid anxiety about the Wall Street bailout plan. Lowered analyst outlooks dragged on General Electric and bank stocks.
Stocks declined as investors digested what's going on at the congressional hearings on the bailout. Lowered analyst outlooks dragged on General Electric and bank stocks.
Stocks declined as investors digested what's going on at the congressional hearings on the bailout. Lowered analyst outlooks dragged on General Electric and bank stocks.
Stocks advanced as investors breathed a sigh of relief that congressional hearings on the bailout are underway. But banks took another hit after a prominent analyst lowered her outlook for the sector.
Futures are down slightly, but that has little meaning these days. Many traders feel that yesterday's drop was due to: 1) distortions in price discovery created by the changing short sale rules; 2) the realization that many banks are still undercapitalized.
This market reminds Cramer of the crash of '87. So preserve capital and raise cash and at any opportunity.
Financials led the rout on Monday even as more names were added to the list of stocks banned from short-selling.
AIG's new CEO Edward Liddy discusses his new role at AIG while Dick Bove shares perspectives on what the regulation of Goldman Sachs and Morgan Stanley means for banks. Following are today's top videos:
Stocks declined Monday as a more than $16 jump in oil prices exacerbated the selloff on Wall Street started by worries about the ability of the government bailout to revive the financial system.
Lesser stocks are fetching more. Why?
Stocks declined Monday amid increasing worry about how far the government bailout plan will stretch and as oil prices shot up nearly $20 a barrel.
Stocks declined Monday as investors have begun to realize that, despite the government bailout, there's more pain to come.
Stocks opened lower Monday as Friday's euphoria cooled with investors realizing that financial woes could go on for quite some time and a fresh wave of new developments emerged.
Use this ramp-up in stocks to take profits, Cramer says. There’s no guarantee it will last.