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Trader Talk with Bob Pisani

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  Thursday, 10 Jan 2008 | 9:35 AM ET

New Wall Street "Game": Who's Next to Cut Dividends

Posted By: Bob Pisani
Who will cut their dividend next? It's one of the main sports on the Street, but Credit Suisse is trying to get a little more scientific about this. MBIA yesterday joined a growing line of companies cutting their dividend, a group which now extends to Fannie Mae, Washington Mutual, National City, and Sallie Mae. »Read more
  Thursday, 10 Jan 2008 | 9:10 AM ET

Same Store Sales: Pick Any (Bad) Word To Describe Them

Posted By: Bob Pisani
Disappointing. Challenging. Uncertain. Short of expectations. Those are the words most heard from companies in this morning's December same store sales report. Large companies like Macy's, Gap, Abercrombie, and Ann Taylor reported sales below expectations. »Read more
  Wednesday, 9 Jan 2008 | 4:41 PM ET

Rally Led By Financials, Airline and Defense Stocks

Posted By: Bob Pisani
Finally, an oversold rally; the Dow moved 225 points the last 90 minutes. It was the first close at the highs for the year; financials led, but beaten up groups like airlines also posted a nice rally. Defense stocks rallied as well. »Read more
  Wednesday, 9 Jan 2008 | 9:49 AM ET

U.S. Slowdown Hitting European Markets?

Posted By: Bob Pisani
U.K. markets down 1.5 percent on disappointing results from retailer Marks & Spencer (down 20 percent in the U.K.) and vague concerns that the U.S. slowdown may be spreading to Europe. Yesterday a confluence of events, including comments from AT&T about slowing consumer business, and poor commentary from Circuit City and Brinker, added to the poor sentiment. »Read more
  Wednesday, 9 Jan 2008 | 9:35 AM ET

Investors Pulling Billions Out Of Mutual Funds, ETFs This Month

Posted By: Bob Pisani
TrimTabs notes that investors took $10 billion out of U.S. equity funds in the first four trading days of 2008, and an additional $12.1 billion out of U.S. equity ETFs. That is a lot. How much? The worst month for outflows was May of last year, when $8.4 billion was pulled out. That's $8.4 billion FOR THE WHOLE MONTH; $22.1 billion was taken out the first four days of 2008. »Read more
  Tuesday, 8 Jan 2008 | 9:15 AM ET

Off The Market Floor Today

Posted By: Bob Pisani
I am out of the office and won't be posting today. Please come back tomorrow when I'll have new posts from the market floor. See you then. »Read more
  Monday, 7 Jan 2008 | 4:30 PM ET

Slowdown "Effect" Hits Market, And GM Talks Up Driverless Cars

Posted By: Bob Pisani
Slowdown talk hurts tech, commodities, defense stocks today. UBS downgrades IBM on concerns about a slowing in tech orders; Deutsche Bank downgrades Boeing and Goodrich. Commodities weak across the board—metals, steel, iron ore (2nd day in a row.) Defensive stocks—consumer, drugs all strong. Lilly upgraded at Morgan Stanley. »Read more
  Monday, 7 Jan 2008 | 1:54 PM ET

Market Feeling: Negatives Outweigh The Positives

Posted By: Bob Pisani
Commodity based stocks getting hit hard again midday. Alcoa down 5.3 percent, AK Steel down 4.6 percent, oil service down 2.3 percent. What's up? Underlying commodities are weak for a second day in a row--the CRB index (a basket of commodities) has fallen almost 2 percent the past two days. »Read more
  Monday, 7 Jan 2008 | 9:49 AM ET

Lowry's Analysis: Market Bottom Not Till At Least April '08

Posted By: Bob Pisani
One of the greatest concerns was the considerable technical damage that was done to the market last week, a concern echoed this morning by Lowry's, the oldest technical analysis service in the country. »Read more
  Monday, 7 Jan 2008 | 9:16 AM ET

Fourth Quarter Earnings: Jobs Spark Slowdown Questions

Posted By: Bob Pisani
Fourth quarter earnings season begins in earnest this week. On Friday, the weak jobs report forced traders to question the recent overweight in tech, industrials and materials. This overweight was based on the assumption that: 1) the U.S. was unlikely to be entering a serious slowdown. »Read more

About Trader Talk with Bob Pisani

  • Direct from the floor of the NYSE, Trader Talk with Bob Pisani provides a dynamic look at the reasons for the day’s actions on Wall Street. If you want to go beyond the latest numbers— Bob will tell you why the market does what it does and what it means for the next day’s trading.

 

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

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