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Trader Talk with Bob Pisani

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  Thursday, 25 Oct 2007 | 9:25 AM ET

Motorola Beats Street And BofA Cuts

Posted By: Bob Pisani
Futures trading up as Motorola beat expectations and guided upward while EMC was in line and both are up nicely pre-open. There's strength in Europe, strength in Asia, third Quarter GDP in China rose 11.5%. That was in line with expectations. Chinese stocks are the only major market down in Asia, down 5%, probably on worries that more rate hikes are likely. »Read more
  Wednesday, 24 Oct 2007 | 1:57 PM ET

Wall Street Now Faces Issue Of Trust

Posted By: Bob Pisani
The "kitchen sink" theory is out the window. There's a trust problem developing on the Street. Remember a few weeks ago traders drove up the stocks of companies like Citigroup, even though they did take very large losses for subprime and CDOs? »Read more
  Wednesday, 24 Oct 2007 | 12:01 PM ET

Why Bonds Are Up And Stocks Are Down

Posted By: Bob Pisani
Bonds are up midday, stocks are down on: 1) The disappointing housing numbers, where the inventory for existing home sales is now over a 10 month supply.2) Disappointment with some tech earnings. Broadcom, which makes chips for set-top boxes and cable modems, down big on higher expenses; »Read more
  Wednesday, 24 Oct 2007 | 10:18 AM ET

Merrill: What Can They Say?

Posted By: Bob Pisani
As we wait for Merrill's conference call to begin in a few minutes, traders are wondering what could be said that would move the stock off its lows. Note that despite Merrill's big writedown, its exposure to CDOs and the subprime market remains fairly substantial.  »Read more
  Wednesday, 24 Oct 2007 | 9:16 AM ET

Merrill And Consumer Slowdown Hit Market

Posted By: Bob Pisani
Call it an ugly mortgage market, call it poor risk management. But Merrill's writedown of $7.9 billion in subprime mortgages and collateralized debt obligations (CDOs), $3.4 billion more than they had previously announced just three weeks ago, was being greeted as a sign that plenty more bad news remains on banks' and brokers' books. »Read more
  Tuesday, 23 Oct 2007 | 4:35 PM ET

Earnings Theme: U.S. Sales Weak, Global Strong

Posted By: Bob Pisani
The pattern is now very clear: companies that have significant exposure to the U.S. consumer market are having problems. Whether it is Coach (lowered guidance), IHOP (drop in guest traffic), Brinker (ditto), or Whirlpool (lower overall sales). These companies are 1) seeing slower business in the U.S. market and 2) get a significant part of their sales in the U.S. »Read more
  Tuesday, 23 Oct 2007 | 11:18 AM ET

Whirlpool Problems Go Beyond Domestic Slowdown

Posted By: Bob Pisani
The divide between strong international/weak domestic is nowhere more evident than with Whirlpool. Whirlpool noted that the strength was in international and the costs savings generated by the Maytag acquisition. »Read more
  Tuesday, 23 Oct 2007 | 9:29 AM ET

Apple, AmEx, UPS Come Through For Market

Posted By: Bob Pisani
As suspected the market cares more about Apple's earnings than anything else this morning. However, a number of other important companies came through, with a couple exceptions. At American Express, investor concerns about a slowdown in card spending and an increase in charge offs did not materialize. »Read more
  Monday, 22 Oct 2007 | 4:11 PM ET

Modest Rally Is The Perfect Reaction

Posted By: Bob Pisani
And the bell rang and what happened was a very modest late day rally. Perfect. A big selloff, and fear levels would go way up. A big comeback, and the bears--who have gained a great deal of traction in the past week--would be throwing stones immediately. Very modest rally is just the right reaction. »Read more
  Monday, 22 Oct 2007 | 12:25 PM ET

Stocks Ready To Stabilize?

Posted By: Bob Pisani
Traders expecting a sloppy day, with weakness at the open, but many are anticipating an attempt to stabilize right after that: others insist there is no reason to step in and be a hero on the long side. »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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