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Trader Talk with Bob Pisani

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  Friday, 16 Nov 2007 | 9:29 AM ET

FedEx Lowers Guidance, Cites Rising Fuel Prices

Posted By: Bob Pisani
FedEx lowering guidance for the quarter ending November 30th. New guidance is $1.45-$1.55, old guidance was $1.60-$1.75. They cite rapidly rising fuel prices (even though they have dynamic fuel surcharges in place); they also note that less-than-truckload freight trends remain weak. »Read more
  Friday, 16 Nov 2007 | 9:19 AM ET

Retailers Showing Q4 A Mixed Bag So Far

Posted By: Bob Pisani
The fourth quarter is now half over, and fourth quarter earnings estimates have been coming down quickly for financials and retailers. Both Kohl's and Ann Taylor lowered their guidance. Ann Taylor noted that "Traffic trends were particularly soft in the month of October," though they improved in November »Read more
  Thursday, 15 Nov 2007 | 5:10 PM ET

Specialists Running Off Trading Floor? NYSE Will Survive

Posted By: Bob Pisani
The floor of the NYSE is buzzing with nervousness and excitement. Specialist firm Van der Moolen has announced they are exiting the business; rumors that other big specialist firms will exit are rampant. Is this it? Will the fabled NYSE floor survive? »Read more
  Thursday, 15 Nov 2007 | 5:02 PM ET

Markets Have No "Leadership" At This Point

Posted By: Bob Pisani
After the bell, Kohls joined JC Penney and lowered fourth quarter guidance, down 3%. What's wrong with today? No follow-through to Tuesday rally, first. Second, we have now ended at the lows 5 of the last 7 days. Third: no leadership »Read more
  Thursday, 15 Nov 2007 | 10:53 AM ET

Van der Moolen Specialist Exit Good For NYSE

Posted By: Bob Pisani
NYSE CEO's John Thain's departure to run Merrill Lynch and the elevation of co-COO Duncan Niederauer to CEO was not the only excitement at the NYSE. After the bell, specialist firm Van der Moolen announced that they were seeking to exit the specialist business altogether. The problem? Despite a significant investment, the specialist part of the operations continue to lose money. »Read more
  Thursday, 15 Nov 2007 | 9:22 AM ET

CPI, Subprime Helping Markets, JC Penny Disappoints

Posted By: Bob Pisani
Good and bad news this morning. Good news: CPI in line with expectations. --More relief on the subprime front. UBS said they do not expect a major write-down of subprime-related exposures. »Read more
  Wednesday, 14 Nov 2007 | 3:20 PM ET

John Thain To Merrill: What's It Mean For NYSE?

Posted By: Bob Pisani
We are waiting to hear the outcome of the NYSE's unscheduled board meeting. Let's assume that John Thain is indeed leaving to go to Merrill Lynch, as has been reported. Questions for the NYSE: 1) Will the stock take a hit? »Read more
  Wednesday, 14 Nov 2007 | 9:10 AM ET

Inflation, Retail, Subprime Numbers Help Futures Rally

Posted By: Bob Pisani
Futures rallying on economic and subprime news. 1) Economic news showed no inflation at the wholesale level and retail sales on the aggregate were a tad better than expected. 2) Two large financial companies made relatively positive comments concerning their subprime exposure this morning. »Read more
  Tuesday, 13 Nov 2007 | 4:37 PM ET

Oil, Wal-Mart Among Reasons For Rally

Posted By: Bob Pisani
Why the rally? Let me count the ways: 1) Stocks oversold (financials in particular over-shorted). 2) Oil drops (helping overall market). 3) Wal-Mart does not lower guidance for the fourth quarter (retailers rally). »Read more
  Tuesday, 13 Nov 2007 | 1:09 PM ET

Market Rally? Here's Why It Happened

Posted By: Bob Pisani
Huh, what happened? With the understanding that we are still midday, here's the reasons for the rally: 1) The primary driver is that stocks have been dramatically oversold, and in the case of financials, heavily shorted. »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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