BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Closing Bell: A Strange Market Win Day (AIG, C, FRX, TGT)]]>http://www.bloggingstocks.com/2010/04/08/closing-bell-a-strange-market-win-day-aig-c-frx-tgt/http://www.bloggingstocks.com/2010/04/08/closing-bell-a-strange-market-win-day-aig-c-frx-tgt/http://www.bloggingstocks.com/2010/04/08/closing-bell-a-strange-market-win-day-aig-c-frx-tgt/#commentsThis was a strange market day. Greece was adding more woes to sovereign debt and international markets were mostly down on the day. Yet despite a worse weekly jobless claims figure, the overall sentiment went high. Strong retail sales may have something to help, although March comparisons were very easy because of how dire March 2009 was.

Here were today's unofficial closing bell levels:

Dow 10,927.07 +29.55 (0.27%)
S&P 500 1,186.43 +3.99 (0.34%)
Nasdaq 2,436.81 +5.65 (0.23%)

Continue reading Closing Bell: A Strange Market Win Day (AIG, C, FRX, TGT)

Closing Bell: A Strange Market Win Day (AIG, C, FRX, TGT) originally appeared on BloggingStocks on Thu, 08 Apr 2010 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bob rubinBobRubinchuck princeChuckPrinceforest laboratoriesForestLaboratoriesgreecenycomedretail salesThu, 08 Apr 2010 16:20:00 EST<![CDATA[Cramer on BloggingStocks: BofA's miss hurts the most]]>http://www.bloggingstocks.com/2007/10/25/cramer-on-bloggingstocks-bofas-miss-hurts-the-most/http://www.bloggingstocks.com/2007/10/25/cramer-on-bloggingstocks-bofas-miss-hurts-the-most/http://www.bloggingstocks.com/2007/10/25/cramer-on-bloggingstocks-bofas-miss-hurts-the-most/#commentsFiled under: , , , , , , ,

TheStreet.com's Jim Cramer explains why this poor earnings report is such a crushing blow.

Yep, Merrill Lynch (NYSE: MER) (Cramer's Take) messed up, for certain. We had no idea how bad things were. They just gave us no signal. Devastating.

Citigroup (NYSE: C) (Cramer's Take)? We all knew that Prince was a pathetic risk manager. Check that, Bob Rubin and the Crown Prince don't think so, but the rest of the world does. So the fact that Citigroup needs to talk to Bob Steele at Treasury to save itself isn't all that shocking.

Wachovia (NYSE: WB) (Cramer's Take)? I thought it was more conservative than this. Then again, it bought Golden West at the top and even that great lender succumbs in this horrid environment.

But the one that really hurts, the big surprise, is Bank of America (NYSE: BAC) (Cramer's Take). To me this bank had been doing everything right, tight standards, good national growth rollout, fantastic research, good solid banking.

Suddenly, I feel that everything's on the table after that quarter. It just really blew it in lending and trading and investment banking, in mortgages, you name it.

Fortunately, of these four, Band of America could come back the fastest. Ken Lewis is no-nonsense. Anyone who disappointed will be forced out. He will review and slice and crush, as we see already. But it is the one bank that I know I had been telling people had the real growth you want out of a bank. The one that would not be a value trap. And given the fact that there were no more banks it could buy, I figured now would be when it would just return dollar after dollar to shareholders in buybacks and dividends.

I think it still will.

But after this quarter, sadly, there will be fewer dollars to give back and I just don't know how they are going to grow as fast as everyone else any more.

To me it looks like, right now, we may have lost the best bank ATM out there.


RELATED LINKS:

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. At the time of publication, Cramer was long Citigroup.

Cramer on BloggingStocks: BofA's miss hurts the most originally appeared on BloggingStocks on Thu, 25 Oct 2007 09:35:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>abbacbank of americaBankOfAmericabob rubinBob SteeleBobRubinBobSteelechuck princeChuckPrinceciticitigroupfeaturedjim cramerJimCramerKen LewisKenLewismermerrill lynchMerrillLynchwachoviaThu, 25 Oct 2007 09:35:00 EST<![CDATA[More shakeups at Ford]]>http://www.bloggingstocks.com/2006/08/25/more-shakeups-at-ford/http://www.bloggingstocks.com/2006/08/25/more-shakeups-at-ford/http://www.bloggingstocks.com/2006/08/25/more-shakeups-at-ford/#commentsFiled under: , , , ,

Today there has been some more shakeups over at Ford (F). Robert Rubin, former U.S. Treasury Secretary under Bill Clinton, has announced that he is going to be leaving Ford's board after six years of service. Rubin, who also serves on the board for Citigroup (C) said that the move was a result of potential conflict of interest between his roles with Ford and Citigroup. He made it clear that no such conflicts currently existed, only a possibility of future conflicts as the motor giant looks for ways to return to profitability.

As Ford continues the hard road back into the green, Rubin will be sorely missed. According to a Ford exec, Rubin "brought strategic thinking to every situation and has been a wise and generous counselor to me and to the company. However, I understand and respect Bob's prudent decision to resign as we continue to explore future strategic options."

Ford has been aggressively attempting to turn the company around this year, announcing closures of up to 14 plants, and just last week announcing that it would be cutting automobile production by 21% during the fourth quarter of this year. Indeed it has been a tough year on the auto-maker. During the second quarter the company reported a $254 million loss and July numbers were way below what the company had been expecting.

So what is next for Ford?

Continue reading More shakeups at Ford

More shakeups at Ford originally appeared on BloggingStocks on Fri, 25 Aug 2006 16:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Bob RubinBobRubinCitigroupFordRobert RubinRobertRubinFri, 25 Aug 2006 16:20:00 EST