CNBC's Scott Wapner reports shares of Chesapeake Energy are down about 2%. Todd Gordon, Aspen Trading Group, also discusses Spain's debt and the currency trade.
The FMHR traders share their top trades of the hour. Jonathan Chaplin, Credit Suisse analyst, explains why his firm upgraded AT&T and Verizon. Glen Schorr, Nomura Equity Research analyst, also discusses his "buy' rating on JPMorgan.
Take a look at some of Friday's midday movers:
The FMHR traders discuss Senator Carl Levin's remarks on JPMorgan's losses and whether investors should buy Las Vegas Sands on its dip. Michael Binetti, UBS analyst, also weighs in on which retail stocks are a 'buy' or a 'sell.'
Senator Carl Levin, (D-MI), a co-author of the Volcker Rule, discusses his understanding of JPMorgan's $2 billion trading loss, with CNBC's John Harwood.
Despite earlier reports of weak demand, Facebook’s initial public offering is highly oversubscribed and could result in a higher price range for the shares next week, sources told CNBC Friday.
It is almost certain that, at the very least, the Fed (not wanting to exacerbate its reputation for throwing taxpayer money at “Too Big To Fail” problems), would have backed JP Morgan off these trades long ago.
Shares of Estee Lauder are up 5% this year, but the stock is underperforming the S&P Consumer Discretionary Index. William Lauder, executive chairman of Estee Lauder, discusses whether the firm could see a boost on Mother's Day.
These circumstances take on a fantasy-world quality in that many of us continue to believe the bankers are so scary smart about our markets and economy. What it really demonstrates is what chumps we sometimes have become.
Bill Gross, Pimco managing director and co-CIO, is calling for a third round of quantitative easing from the Fed.
Earnings season is nearly behind us, and results were unambiguously positive.
Stock index futures tumbled Friday as investors digested the news of JPMorgan Chase’s $2 billion trading loss as a result of a failed hedging strategy.
Investors are far too bearish, and U.S. equities could move 8-10 percent higher this year, according to the CEO of Emergent Asset Management, David Murrin, who added that Europe’s focus on fiscal austerity is proving “disastrous.”
Take a look at some of Friday's morning movers:
CNO Financial has been pulling back, and now the bulls are stepping in.
JPMorgan Chase’s $2 billion trading loss, which was disclosed on Thursday, could give supporters of tighter industry regulation a huge new piece of ammunition as they fight a last-ditch battle with the banks over new federal rules that may redefine how banks do business. The New York Times reports.
JPMorgan Chase’s derivatives trading blunder will weigh on financial stocks Friday and could be a negative for markets as traders sort out the impact.
Mad Money's Jim Cramer takes a look at the VIX index to get a technical read on fear in the market.
You say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.
And here’s how he recommends playing it.