It looks like David Tepper, the manager of the $15 billion hedge fund Appaloosa, is no longer one of the bigger bulls when it comes to the financials.
Here's why you should keep a close eye on these six stocks.
Tight stop-loss limits and flash trading contributed to Thursday's sell-off once the market started to tumble, Barton Biggs, a managing director with Traxis Partners told CNBC Friday.
JPMorgan lowered its US economic growth forecast by 1 percent for the third quarter on Thursday blaming recent developments in the US economy for the downward revision. It also said it now expected the Federal Reserve not to raise interest rates until the middle of 2013 at the earliest.
Robo-signing, lost paperwork and wrongful evictions have put mortgage servicers under the gun. To address the problem, lawmakers are considering a national standard for mortgage servicers.
Banks have tried everything to get the glut of vacant homes on the market under control, including flat-out giving them away. But when that doesn't work, what do you do? Rev up the bulldozer.
Breathless reports in recent days about a prominent European hedge fund’s sale of its Goldman Sachs stake have done little to the bank’s shares Monday, and for good reason: it’s old news.
Several signs suggest a rebound in the bank sector is on the way.
The only relative safe haven in North American equities in the event of a U.S. default would be Canadian banks, though even they would feel the ripple effects, according to a report from Keefe, Bruyette & Woods.
If the momentum in the market is any indication, you’d think his bias would be long. Yet a very smart money investor is paring his positions.
Stocks slipped in the final minutes of trading to end lower Wednesday as investors took a breather following a sharp rally in the previous session and amid ongoing jitters over the debt ceiling talks and fears over the euro zone crisis.
Stocks lost some ground in the final minutes of trading Wednesday as investors took a breather following a sharp rally in the previous session and after existing home sales tumbled unexpectedly to a seven-month low.
The "Mad Money" host explains what actually sent stocks higher Tuesday.
Stocks posted their biggest gains since March on Tuesday following a handful of upbeat corporate earnings and President Obama's positive comments on a possible debt agreement.
The lower dollar and strong earnings from IBM are helping stocks recover all of yesterday’s losses – and then some this morning. Techs are leading the markets after IBM beat and raised its guidance, while the weaker dollar is giving a boost to commodity stocks in early trade.
Stocks were off their intraday high, but still traded sharply higher Tuesday as investors were encouraged by a handful of upbeat corporate earnings results and after housing starts rose far more than expected.
Mortgage industry employees are still signing documents they haven't read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt of home foreclosures.
Futures were higher Tuesday as investors were encouraged by a handful of upbeat corporate earnings results and after housing starts rose far more than expected.
Financial stocks are down nearly 9 percent in 2011, far underperforming gains in the rest of the market.
Debt drama in the US and Europe continues next week just as earnings season gets into full swing. It's going to be a volatile week for the market.