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Trader Talk with Bob Pisani

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  Monday, 26 Nov 2007 | 3:00 PM ET

"Credit Crunch" Main Story

Posted By: Bob Pisani
The "credit crunch" is the main story today and for the foreseeable future. Fannie Mae and Freddie Mac are again dropping -- both down nearly 8% again. Freddie has already said it may need to raise more capital and may have to cut its dividend. Fannie hasn't said that, but it sure is trading that way. »Read more
  Monday, 26 Nov 2007 | 12:57 PM ET

Fed May Move Markets

Posted By: Bob Pisani
While the economy appears to be the main issue, don't be surprised if Fed speakers will be the key market movers this week. »Read more
  Monday, 26 Nov 2007 | 11:19 AM ET

Retail Rally Fades

Posted By: Bob Pisani
Early morning rally fading as financials, retail and energy lead the markets lower. Retail reports very mixed. Shoppertrak said sales at 50,000 outlets up 8.3% more than expected. Everyone agrees electronics sales have been strong, but past that it is a little murky. »Read more
  Monday, 26 Nov 2007 | 9:11 AM ET

Black Friday Kick Starts Markets

Posted By: Bob Pisani
Asian markets up nicely here -- Korea and Hong Kong up over 4% -- mostly on reports of a decent start to the Christmas season. Europe flat. The state of retail is what desks are talking about. ShopperTrak, which tracks sales at more than 50,000 retail outlets, and MasterCard Advisors said sales were up 8.3% and 5%, respectively. That was a tad more than many expected--one analyst at RBC Capital Markets said that they were "frankly a bit surprised at these results given our traffic observations." »Read more
  Wednesday, 21 Nov 2007 | 1:51 PM ET

Out Of The Office Today

Posted By: Bob Pisani
I'm out of the office today, so no posts from the trading floor. I should be back tomorrow, hope to see you then. »Read more
  Monday, 19 Nov 2007 | 4:45 PM ET

HP, Nordstrom: Good News As They Beat Estimates

Posted By: Bob Pisani
At last, some good news after the bell! Hewlett Packard beat estimates and is up 2% (they also announced an $8 buyback), but even more important was Nordstrom. They beat earnings estimates by 7 cents and, more importantly, did not lower fourth quarter guidance AND guided 2008 above expectations. »Read more
  Monday, 19 Nov 2007 | 4:17 PM ET

Hundreds Of Stocks Hit August Lows: Which Way Is Up?

Posted By: Bob Pisani
Markets at the close ending at the lows again. Fourth 200 point decline in the Dow this month. More than 300 stocks at the NYSE hit new lows today, the highest level since the August lows. Technicals have now become very important, with the S&P slipping below last week's low. »Read more
  Monday, 19 Nov 2007 | 9:29 AM ET

Stocks Weaker On Lowe's Guidance, Citi's Downgrade

Posted By: Bob Pisani
Stocks a bit weaker this morning as Lowe's joins JC Penney, Kohl's, and Ann Taylor in lowering guidance...down 4% pre-open, and Goldman downgrades Citi to a sell, saying it may have to write off $15 billion in debt losses over the next two quarters. With all that has happened to Citi, traders griping this is a little late, down 4% pre-open. »Read more
  Friday, 16 Nov 2007 | 11:59 AM ET

Decline In Q4 Earnings Accelerates

Posted By: Bob Pisani
Biggest worry today: another fade into the close. It’s happened five of the last seven trading sessions. Elsewhere: give the Street some credit. One month ago, as the fourth quarter was starting, traders began lightening up on their positions in financials and retai »Read more
  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

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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