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Trader Talk with Bob Pisani

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  Friday, 11 Jan 2008 | 4:36 PM ET

Markets Show "Rotation" During Week

Posted By: Bob Pisani
A change in sentiment? This week saw interesting rotation in the markets. Beaten up financials were looking for a bottom, with the largest ones up for the week. Retailers showed no signs of bottoming, most of the large ones at 52-week lows. Ditto for restaurants. »Read more
  Friday, 11 Jan 2008 | 3:42 PM ET

Buying Into Financials: The Good News And Bad

Posted By: Bob Pisani
Quarterly reports next week from Citi, JP Morgan, Washington Mutual, Wells Fargo, Comerica, Merrill Lynch, PNC. There are plenty looking to go long after the reports are out, based on valuation. For example, Citi and Wells Fargo are trading in the bottom 10 percent of their historical valuation. »Read more
  Friday, 11 Jan 2008 | 9:16 AM ET

BofA/Countrywide Deal Makes Sense, Despite The Cynics

Posted By: Bob Pisani
The Bank of America-Countrywide deal is less than two hours old, and already the cynics are out. It's a government-approved bailout, cynics say. It's a government conspiracy to keep the market up, cynics say. Things look like they are worse than appears at Countrywide and BofA gets a deal in the long term, they say. »Read more
  Thursday, 10 Jan 2008 | 4:29 PM ET

Talk Of A Bottom, Not Bernanke, Got Stocks Going

Posted By: Bob Pisani
Bernanke said he "stands ready to take substantive additional action" to help the economy, implying the Fed would cut interest rates. Stocks briefly rallied on that, then fell back. What really got stocks going was talk that there might finally be signs of a bottom. »Read more
  Thursday, 10 Jan 2008 | 3:47 PM ET

Retail Stocks: Don't Be Excited Over Them Yet

Posted By: Bob Pisani
Retailers holding up despite a poor December showing. Don't get too excited; this was one of the most shorted groups on the street. But aside from a short squeeze rally, what would it take to get investors back in a real way? Besides signs that we are not going into a deep recession, the most important factor for retail stock investors is limiting store growth. »Read more
  Thursday, 10 Jan 2008 | 2:51 PM ET

BOA-CFC Talks Boost Financials, But Bernanke Can't Hold Markets

Posted By: Bob Pisani
As the Journal announced that Bank of America was in advanced talks to buy Countrywide, thrifts have shot up: Countrywide up 52 percent, Washington Mutual up 9 percent, Downey up 6 percent. »Read more
  Thursday, 10 Jan 2008 | 1:34 PM ET

Airlines Flying "High" On Merger Discussions

Posted By: Bob Pisani
Airlines are having their best day in years today as the Wall Street Journal is reporting that Delta's management is asking the board of directors to give the go-ahead for merger discussion with Northwest and UAL, and eventually choose between the two. »Read more
  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

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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