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The stress test results gave banks 30 days to come up with a plan for raising capital and then six months to execute on the plan. Well, no offense to Big Brother, but the banks are tripping over themselves to sell equity to be in the position to repay the double-dealing government overlords.
Stocks are poised for a rebound at the start Tuesday, with investors dipping back into stock index futures following Monday's sharp declines.
Cramer sees five potential hazards and worries in the market that demand your close attention. Here they are.
The S&P 500 fell on Monday as investors booked profits in financial sector with comments made by widely followed banking analyst Whitney Tilson on CNBC fueling the sell-off.
Stocks shed 1.8 percent Monday as investors took a breather after last week's run. The Nasdaq's drop was less severe as techs gained.
With the new credit card bill of rights looming in the not-so-distant future, Cramer takes to task the effect this will have on the big players in the credit card industry.
The recent market rally took many traders off-guard, but Scott Redler, Chief Strategic Officer at T3live.com, said investors can still prepare for the fourth-quarter move where he predicts the Dow will reach 10,300 by year-end.
Stocks retreated Monday as investors took a breather after last week's run. The Dow was down over 100 points in the first few minutes of trading as banks declined.
Futures are weak as commodities and commodity stocks are down, along with some financials which have announced secondary offerings today.
Following last week's gains, stock index futures indicated a lower open for the stocks Monday as investors remained concerned about the health of the financial system as the stress-test hype wears off.
Here's our Fast Money Final Trade. Our gang gives you Monday's best trades, right now!
Stocks capped another strong week with a triple-digit rally Friday as Wall Street breathed a sigh of relief after the stress-test results and banks soared.
For the past two months, the market has seen week after week of gains. Cramer thinks we still go higher.
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Both the S&P and Dow rose on Friday as stress test results and reassuring jobs data fueled hopes the worst is over for banks and the economy.
Strategists Dean Curnutt, president of Macro Risk Advisors and Daniel Frishberg, chief investment strategist at Laffer Frishberg, said they are weary of the financial stocks.
On a week dominated by the stress test for the banks, a rally in Financials, and the jobs report lending to increased optimism that the recession may be easing; the markets extend their rally to 9-straight weeks for the NASDAQ, and an almost 6% weekly gain for the S&P 500.
Wall Street breathed a sigh of relief after Thursday's stress-test results, but didn't dispel the uncertainty over some of the most troubled financial giants. The stress tests—a key Obama administration effort to boost confidence in the financial system—showed nine of the 19 biggest banks have enough capital to withstand a deeper recession. Read and hear what the experts had to say... (Updated)
A turn is happening in this once-troubled group, Cramer says. This is how you play it.
In the world of banking, too-big-to-fail may be in the process of morphing into too-big-to-exist.