The Dow closed with triple digit gains on Tuesday largely due to a $3 slide in oil and the positive sentiment created by bank earnings. What's the "Word on the Street?" Read More
A very mixed earnings picture in the last twelve hours. Yes, AmEx, Apple, and Merck and Texas Instruments disappointed. But DuPont, Suntrust and Packaging Corp. were better than expected. Read More
Not only did BB&T rally into positive territory (it was down almost 10 percent), but other regional banks like Suntrust also rallied modestly. Why? Because shorts keep pressing these names under the theory that many will follow KeyCorp and Fifth Third and cut the dividend; Read More
The Dow dropped Tuesday and the broader stock market continued to languish despite positive news early in the day from Goldman Sachs. What's the "Word on the Street?" Read More
It might be possible to use analysts as contrarian indicators. Have you noticed how many analysts have suddenly gotten all gloomy over their space, even though they have taken down numbers Read More
The Dow closed higher after retreating oil prices and a tame reading of core U.S. consumer prices eased inflation fears. What's the "Word on the Street?" Read More
Goldman Sachs sent a note out late last night with this title: Key is Likely Not Alone, More Capital Raises and Dividend Cuts to Come. They specifically mentioned Regions Financial, Fifth Third, Comerica, Bank of America and SunTrust Read More
Problem is, this theory was wrong yesterday. Stocks traders were bitterly disappointed yesterday, as a dollar rally failed to prevent oil from moving up. Read More