(Via The Guru Investor)
Wow, the bulls are really feeling good. “Wells Fargo Carries The Day” and the S&P and Dow closed at 2 months high and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so…
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The big event for today turned out to be a speech given by Fed Chairman Ben Bernanke to the International Monetary Congress in Cape Town, South Africa via satellite before the market open this morning. This speech somehow reaffirmed the…
4Q22 earnings season picks up steam next week. While the headliners are Microsoft (MSFT) and Tesla (TSLA), I’m focused on credit card companies Capital One Financial (COF) and American Express (AXP), railroads Union Pacific (UNP) and CSX, and home builder…
As expected, November retail sales were just terrible. Here are same store sales* for some retailers: Kohl’s: -17.5% Macy’s: -13.3% JC Penney: -11.9% Neiman Marcus: -11.9% Target: -10.4% Gap: -10.0% Saks: -5.2% Costco U.S.: -2.0% Walmart U.S.: +3.0% * Last…
This is how it works peeps: At 2:22:27pm EST, Standard & Poors, the ratings agency, issued new ratings actions on the bond insurers, including taking leading player MBIA (MBI) off of CreditWatch (“S&P Takes Additional Bond Insurer Rating Actions” (subscription…