FeedPosted Nov 10th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Amer Intl Group (AIG), Sun Microsystems (JAVA), Electronic Arts (ERTS), MBIA Inc (MBI)
We had another bit of data showing
strong home sales in Q3, but as prices fell. Yet the only real thing to note was that the sell-off that was starting out this morning just didn't hold when you look at the broad indexes today. Some dollar directional changes may be part of the issue that kept the stocks from getting cheaper. There were still many losers on the day.
Here were today's unofficial closing bell levels:
Dow 10,247.88 +20.94 (0.20%)
S&P 500 1,093.04 -0.04 (0.00%)
Nasdaq 2,151.08 -2.98 (-0.14%)
Top Analyst Upgrades/DowngradesTop day trader stocksTop market rumorsContinue reading Closing Bell: What sell-off? (AIG, ABK, EPR, MBI, JAVA, ORCL, ERTS)
Posted Nov 10th 2009 7:45AM by Melly Alazraki (RSS feed)
Filed under: Before the bell, International markets, Market matters, Sun Microsystems (JAVA), Oracle Corp (ORCL), Economic data, Housing, MBIA Inc (MBI)
It was to be expected. After Wall Street climbed to 13-months highs with stocks rallying over 2% just on Monday to add to last week's gains, finally U.S. stock futures edged lower Tuesday morning, indicating stocks will are poised to retreat somewhat at the open. There's not much news this morning as investors await some housing data.
Deals and the Group of 20 helped sentiment Monday push stocks for their six straight higher close. Several deals in the making boosted investor confidence as did the Group of 20, which said over the weekend that it would keep economic stimulus measures in place for now. And with the Federal Reserve indicating it would keep rates low, buyers came back in droves Monday taking the Dow industrials up over 200 points.
Continue reading Before the bell: Stocks ready for a lower open after reaching 13-month highs
Posted Sep 30th 2009 9:50AM by Jim Cramer (RSS feed)
Filed under: Market matters, Citigroup Inc. (C), Bank of America (BAC), CIT Group (CIT), Federal Natl Mtge (FNM), Amer Intl Group (AIG), Wells Fargo (WFC), Cramer on BloggingStocks, MBIA Inc (MBI)
TheStreet.com's Jim Cramer says this year will see the mirror image of last year, when redemptions ended the game for many managers. One year ago today, a quarter ended that put hundreds of bullish hedge funds out of business. Today, a quarter ends that will put hundreds of bearish hedge funds out of business.
Oh, sure, last year some of the bulls were able to stumble through the fourth quarter, but October was a horror show and they ended up getting huge redemption letters and spending the rest of 2008 selling into the strength of the rally to return capital to investors and lock in losses.
Continue reading Cramer on BloggingStocks: Here comes the death of the bearish funds
Posted Sep 1st 2009 9:50AM by Jim Cramer (RSS feed)
Filed under: Market matters, Cramer on BloggingStocks, MBIA Inc (MBI)
TheStreet.com's Jim Cramer believes we'll get a selloff, but is mindful that stocks tend to come back. Anyone approaching the month of September long will feel pressured to sell given the history of the month. We all know that September's been brutal for years in markets that are up, and we know that everyone's expecting bad things to come in. We have now read a gazillion articles about how it is impossible to have a real rally based on earnings with no sales, and each article sounds incredibly compelling.
Of course, you could have written the same article for the last 3,000 points, but that's OK too.
Continue reading Cramer on BloggingStocks: Don't fear September
Posted Aug 7th 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: Market matters, Citigroup Inc. (C), Target Corp. (TGT), American Express (AXP), Bank of America (BAC), Wells Fargo (WFC), Stocks to Buy, MBIA Inc (MBI)
TheStreet.com's Jim Cramer says this bank is the best call on the next leg of the market. Citigroup's (NYSE:
C) (
Cramer's Take) plan to split itself into two banks -- the retail/service/investment bank and Citi Holdings, which would consist of (among other things) the household lending arm and the old special purpose vehicles -- will work if the government gives it time. It will work for the same reason the "Bankers Win Big in Toxic Pay Plan," article in The Wall Street Journal states: Much of what was thought to be worthless or worth pennies in Citi Holdings is really money good and will pay off when due.
That's how you can get the book value of Citigroup to go up, and given that Tier 1 capital has not been an issue -- they have a ton of it -- you are going to see book go up quarter after quarter.
Continue reading Cramer on BloggingStocks: A Citi, divided against itself, can prosper
Posted Aug 6th 2009 5:00PM by Sheldon Liber (RSS feed)
Filed under: Ford Motor (F), Market matters, Getting started, Citigroup Inc. (C), Bargain stocks, Stocks to Buy, MBIA Inc (MBI)
You can learn a lot from your elders and when it comes to investing, you best listen very attentively. I often refer to
'my pal Warren' in my posts and I credit Mr. Buffett's investment advice and parables over the years for much of my gains in 2009.
There is another mentor, though, one I have not referred to often but that I have gleaned some wisdom from in terms of value investing and courage, and that is
'my pal Sir John.' While Buffett has been very straight forward in his position that you should buy on fear and this was the year to do that, it was Templeton that preached buying far and wide and diversifying broadly into out-of-favor companies. As he did when he started out.
Continue reading Ford, Citi, MBIA, GBE and Sir John Templeton
Posted Aug 6th 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: Analyst upgrades and downgrades, Market matters, Colgate-Palmolive (CL), Costco Wholesale (COST), Procter and Gamble (PG), Dow Chemical (DOW), Freep't McMoRan Copper (FCX), Unilever ADR (UL), Cramer on BloggingStocks, MBIA Inc (MBI)
TheStreet.com's Jim Cramer says in the wake of an upgrade, FCX has to do a big equity offering. What will Richard Adkerson do? I can tell you what the CEO of
Freeport-McMoRan (NYSE:
FCX) (
Cramer's Take) ought to do in the wake of the Bank of America-Merrill Lynch upgrade to buy from sell. He ought to do the biggest darned equity offering in history.
I like Richard. He's candid, he's a great copper man, but he spent too much at the high on Phelps Dodge and wasn't prepared when copper prices plummeted as his balance sheet's simply not so hot. So he had to cut his dividend at the bottom, literally at the exact bottom.
Continue reading Cramer on BloggingStocks: Freeport-McMoRan must come to the market
Posted Jun 30th 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: Market matters, Regions Financial (RF), SLM Corp (SLM), Cramer on BloggingStocks, MBIA Inc (MBI)
TheStreet.com's Jim Cramer says you'll miss some great opportunities if you blindly believe all the bad news. You want a rebuke to the "never-ending woes of commercial and residential real estate mortgage bonds"? You get one every day in this market, and today is no different. Look at what is up big today:
Genworth (NYSE:
GNW) (
Cramer's Take),
Lincoln National (NYSE:
LNC) (
Cramer's Take),
Wyndham (NYSE:
WYN) (
Cramer's Take),
Regions Financial (NYSE:
RF) (
Cramer's Take) and
Zions (NASDAQ:
ZION) (
Cramer's Take). Each in its own way needs the residential or commercial real estate markets to be robust to thrive, and if the myriad articles I read about the horrible state of the mortgage bond market and the dim commercial real estate prospects were true, why would you be making money in Wyndham, a gigantic timeshare company? How could Regions and Zions be rallying? They are among the worst of the worst; unless you consider Genworth and Lincoln National, which are supposed to be roadkill because of all of their mortgage bonds.
Continue reading Cramer on BloggingStocks: Warning: The financial media can be hazardous to your portfolio
Posted May 16th 2009 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Wal-Mart (WMT), International Business Machines (IBM), Sony Corp ADR (SNE), Penney (J.C.) (JCP), Blockbuster Inc 'A' (BBI), Applied Materials (AMAT), Whole Foods Market (WFMI), Kohl's Corp (KSS), Abercrombie and Fitch (ANF), Nordstrom, Inc (JWN), Liz Claiborne (LIZ), MBIA Inc (MBI), World Wrestling Entertainment (WWE)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Walmart, JCPenney, Freddie Mac, Playboy, Whole Foods and more
Posted May 14th 2009 8:40AM by Mark Fightmaster (RSS feed)
Filed under: After the bell, Law, JPMorgan Chase (JPM), Bank of America (BAC), Morgan Stanley (MS), MBIA Inc (MBI)
In yesterday's online edition of The Wall Street Journal, it was reported that MBIA (NYSE: MBI) is facing lawsuits from a group of 18 different financial institutions. The lawsuit was filed in New York State court and includes the likes of J.P. Morgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), Morgan Stanley (NYSE: MS), and UBS (NYSE: UBS).
These banks are claiming that the way MBIA split its municipal bond insurance business earlier this year was "an unlawful attempt to escape" its contractual obligations to cover losses from mortgage securities. In addition to the split earlier this year, MBIA shifted $5 billion to a municipal bond insurance company.
Continue reading MBIA sued by other banks for splitting units
Posted May 12th 2009 4:45PM by Jon Ogg (RSS feed)
Filed under: Dell (DELL), Ford Motor (F), General Motors (GM), Bank of America (BAC), MBIA Inc (MBI)
Today was an up day to start that rapidly went south. But then late in the day we had a speech from Alan Greenspan which helped out after he said the financial markets are improving and that housing is close to bottoming out.
Here were the unofficial closing bell levels:
Dow 8,469.11 +50.34 (0.60%)
S&P 500 908.35 -0.89 (-0.10%)
Nasdaq 1,715.92 -15.32 (-0.88%)
Top Analyst UpgradesTop Analyst DowngradesContinue reading Closing Bell: Bears Lose See-Saw Trading Session (BAC, DELL, F, GM, MBI, STEC)
Posted May 12th 2009 2:30PM by Sheldon Liber (RSS feed)
Filed under: Analyst upgrades and downgrades, Forecasts, Rumors, Rants and raves, Microsoft (MSFT), Yahoo! (YHOO), General Motors (GM), Motorola (MOT), Scandals, Citigroup Inc. (C), Anadarko Petroleum (APC), Recession, MBIA Inc (MBI), Best Stocks for 2009, American Eagle Outfitters (AEO)
Never mind the bears and bulls or even the pigs and chickens, I think between Wall Street and Washington D.C. the goofs and ghosts are leading the charge.
What I mean by this is that the rationale for certain market activity and advisement makes no sense to me. Maybe we are not recovering from the recession but we are moving into something like a shadow economy, where people look at what is going on in the market and rationalize it after the fact, when all the real energy is in the darkness.
Today
American Eagle (NYSE:
AEO) was upgraded to Overweight from Equal Weight at Barclays, and Lazard Capital Markets upgraded AEO from hold to buy. Why now, after the stock has run up 65% this year, do they finally wake up and think there might be something here?
Continue reading So many questions: AEO, APC, C, GM, MBI & MSFT
Posted Mar 20th 2009 5:04PM by Sheldon Liber (RSS feed)
Filed under: Other issues, Bad news, Consumer experience, Rants and raves, Citigroup Inc. (C), Money and Finance Today, Federal Natl Mtge (FNM), Amer Intl Group (AIG), Rich in America, Economic data, Politics, Recession, MBIA Inc (MBI), Financial Crisis
There are very few people on this planet that can honestly say that they have not been affected in some way by the economic firestorm caused by underappreciating risk.
Congress, along with the Securities and Exchange Commission during a period where the White House was comatose, opened up the flood gates for Wall Street's financial wizards to bet the world
and lose!Continue reading Serious Money: Don't overlook these regional banks!
Next Page »
After five consecutive quarters of losses it was reported today after the markets closed that 
Over the past few weeks the market has been playing a favorable tune but that does not mean that all bad news and negativity have been wrung out of it. There is plenty of fear and suspicion creating volatility.
Why is gold marching higher? Ask the central bankers
Newspaper ad revenue of 28%, 8 quarters of double-digit drops
Closing Bell: Earnings working against stocks (BCRX, DELL, DHI, INTC, LEAP, PCS)
