FeedPosted Jan 11th 2011 4:20PM by Jon Ogg (RSS feed)
Filed under: Apple Inc (AAPL), Intel (INTC), Alcoa Inc (AA), BP p.l.c. ADS (BP), MBIA Inc (MBI)
Tuesday was an up-day on most index readings as
earnings season gets further underway. The notion that there are no blow-ups so far is helping to ease some fears of the cautious bulls. A private placement from Portugal also may have helped out even if that is more cause of concern longer-term. Another snow storm is about to shut down the Eastern Seaboard all over again. These are today's unofficial closing bell levels:
Dow Jones: 11,671.81 +34.36 (0.30%)
S&P 500: 1,274.47 +4.72 (0.37%)
Nasdaq: 2,716.83 +9.03 (0.33%)
Top Analyst Upgrades & DowngradesContinue reading Closing Bell: Chalk Up a Win (AA, BP, NVDA, INTC, AAPL, SVU, VZ, MBI)
Posted Jan 3rd 2011 4:00PM by Jon Ogg (RSS feed)
Filed under: Apple Inc (AAPL), Clorox Co (CLX), Anadarko Petroleum (APC), MBIA Inc (MBI)
As goes the first day of trading, so goes the year. That is what many investors believe in one form or variation. Another expansion in manufacturing helped and bonds started out weak. The real culprit for gains was more gains in overseas stock markets followed by expectations for more positive gains in 2011. If you weight the
DJIA components equally, I even have a formula that calls for the
DJIA moving above 13,000 in 2011. That formula last year came within about 1% of the DJIA close in 2010.
Here are today's closing bells:
Dow Jones 11,670.75 +93.24 (0.81%)
S&P 500 1,271.87 +14.23 (1.13%)
Nasdaq 2,691.52 +38.65 (1.46%)
Best Dow Stocks and
Worst Dow Stocks for the year
Top Analyst Upgrades & DowngradesContinue reading Closing Bell: Opening Day Indicator Brings 2011 Hope (APC, AAPL, CLX, MBI, MPEL, NVDA, UNG)
Posted Aug 10th 2010 4:00PM by Jon Ogg (RSS feed)
Filed under: Intel (INTC), Netflix, Inc. (NFLX), MBIA Inc (MBI)
How you look at today's FOMC meeting is up to you, but the stock market bounced in reaction to the FOMC's decision to reinvest rolling maturities into more Treasury bonds. A higher oil forecast from the EIA also lent more credence to a sustained growth despite some tempering of those growth estimates.
Here were today's unofficial closing bell levels:
Dow Jones 10,644.25 -54.50 (-0.51%)
S&P 500 1,121.08 -6.71 (-0.59%)
Nasdaq 2,277.17 -28.52 (-1.24%)
Continue reading Closing Bell: The Bears Found Some Bulls (ABK, JASO, MBI, NFLX, INTC)
Posted Jul 13th 2010 4:20PM by Jon Ogg (RSS feed)
Filed under: Apple Inc (AAPL), Alcoa Inc (AA), RadioShack Corp (RSH), MBIA Inc (MBI)
Today was one of those days where the news was tied to more hope and a decent start to earnings season than over any great breaking global news. A barely-decent 10-Year Treasury auction was not showing anything rotten, and it seems that the corporate credit markets are starting to open back up. News on deficits being another $1 trillion held nothing back for stock gains. Can you believe it, six straight days of gains in stocks? Cramer coming back after a holiday and saying that the bottom of the market has been seen for the year may have also gotten some comfort back in the game from retail investors.
Here were today's unofficial closing bell levels:
Dow 10,363.02 +146.75 (1.44%)
S&P 500 1,095.28 +16.53 (1.53%)
Nasdaq 2,242.03 +43.67 (1.99%)
Top Analyst Calls Continue reading Closing Bell: Almost 700 DJIA Points in 6 Trading Days (ADCT, TEL, AA, AAPL, MBI, RSH, TLT)
Posted Dec 14th 2009 12:45PM by Elizabeth Harrow (RSS feed)
Filed under: Major Movement, Bristol-Myers Squibb (BMY), S and P 500, MBIA Inc (MBI)
Standard & Poor's is performing some end-of-year cleanup on its benchmark index, the S&P 500 Index (SPX). My colleague Mark Fightmaster reported earlier that Visa (V) is set to replace Ciena Corp. (CIEN) on the widely watched market barometer, but that's not the only SPX development hitting Wall Street today. In fact, struggling insurance issue MBIA Inc. (MBI) is preparing to take its leave from the venerable index.
In a press release late Friday, Standard & Poor's explained that MBIA "currently ranks 500th in the index and is no longer representative of the S&P 500 index market cap space." The beaten-down insurance company will be replaced by Mead Johnson Nutrition (MJN), which is in the process of being spun off by Bristol-Myers Squibb (BMY).
Continue reading MBIA booted from S&P 500 Index
Posted Nov 10th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Amer Intl Group (AIG), , 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, , 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
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