S&P 500
The earnings season beginning today (Tuesday) is shaping up to be an important one, as it could have a significant impact on a struggling stock market rally. Since the stock market rally reached a pinnacle nearly two weeks ago, the Dow Jones Industrial Average has lost about 3.3% while the Standard & Poor's 500 Index […]
Investment News Briefs
With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Treasury Announces More PPIP Investors; Roubini: Market Due For Correction; BofA Planning Emergency CEO Appointment; Goldman Could Fetch $1 Billion From A CIT Bankruptcy; Mazda Raising Money for Hybrids; Nomura […]
Upbeat Earnings Will Fuel the Bull Market's Next Leg
When it comes to the health of the U.S. stock market over the next few weeks, corporate earnings will tell the story. Alcoa Inc. (NYSE: AA) kicks off the third-quarter earnings season on Wednesday. My guess is that over the next few weeks, as third-quarter earnings are reported, we will have the opportunity to witness […]
How This "Good Deal Indicator" Can Uncover Bargain Stocks
For investors who fear that the markets have soared too far too fast, the thought that some stocks may still be cheap is hard to imagine - especially when it comes to China. Here's one way to separate the cash from the trash. I call it the "good-deal number," or the "good-deal indicator." And for […]
How to Find the Best Potential Profit Plays in the Resurgent M&A and IPO Markets
When Xerox Corp. (NYSE: XRX) yesterday (Monday) unveiled plans to pay $6.4 billion for outsourcing specialist Affiliated Computer Services Inc. (NYSE: ACS), it was just one of four major financing deals with an aggregate value of more than $14 billion announced on the day. And that wasn't all. Newegg Inc., a well-known computer and electronics […]
Flurry of Mergers and Acquisitions Drives Stock Market Rally
A flurry of mergers-and-acquisition deals in the pharmaceutical and technology industries today (Monday) sparked a sharp market rally, snapping a three-day losing streak and giving stocks to their biggest gains in five weeks. The pickup in merger activity bolstered arguments that mergers and acquisitions (M&A) are rebounding from the biggest slump in six years. It […]
Long-Term Stock-Market Uptrend to Continue
Stocks moved lower for the third consecutive day on Friday, something that hasn't happened in more than three weeks, as the bulls just couldn't capitalize on a short-term overbought condition. Measures of selling pressure eased as the bears rested their knuckles after a two-day pummeling. Investors are worried. The big question – as always – […]
The Only Way to Profit From a Stock Market Bubble
Former U.S. Federal Reserve Chairman Alan Greenspan said it was impossible to tell a bubble while you were in it. Well Alan, I’ve got news for you: We’re in one now. The Standard & Poor’s 500 Index is up 58% from its March lows, gold has finally broken through the $1,000-an-ounce level – and may […]
U.S. Stocks: Winning Streak is Over, But Bull Market Continues
The winning streak is over. But the outlook for stocks remains upbeat. U.S. stocks on Friday suffered their first setback after six straight days of gains, but the damage wasn't severe. No news appeared to precipitate the decline, so chalk it up to light profit-taking. In the Friday session, the Dow Jones Industrial Average lost […]
The Credit Rating Firms Are Running Scared - It's About Time
When it comes to the U.S. credit crisis, we’ve all heard the numbers. The stock market decline wiped out $7 trillion in shareholder wealth. It forced the federal government to commit to $11.6 trillion in bailout programs and stimulus spending. And it’s led to the longest U.S. downturn since the Great Depression. Everyone also knows […]
Changes for the S&P 500 Index
By Jennifer YousfiManaging Editor Standard & Poor's announced two changes to its popular S&P 500 Index, used by many investors to track the performance of the U.S. markets. Story continues below... Altria Group Inc. (MO) is divesting its tobacco subsidiary and the resulting firm, Philip Morris International Inc., will replace electronics retailer Circuit City Stores […]
Bullish Comments from S&P Boost Markets
By Jennifer Yousfi Managing Editor A bullish remark from Standard & Poor's yesterday (Thursday) led to a recovery in the markets that resulted in the three major U.S. indices all posting gains for the day. At the New York close, the blue-chip Dow Jones Industrial Average Index posted a gain of 35.50 points (0.29%), to […]
S&P Financials Could Post up to $175 Billion in Write-Downs
By Mike Caggeso Associate Editor Before the dust settles from the imploding credit market, financial firms in the S&P 500 will have absorbed between $125 billion and $175 billion total in mortgage and credit-related write-downs, an analyst at The Bear Stearns Cos. Inc. (BSC) said. That means most of the credit carnage is over, as […]
The $900 Million 'Mystery Trade'
By Keith Fitz-Gerald Contributing Editor I wrote to you recently about an unusual series of S&P 500 Index (SPY) options trades worth $900 million or more - give or take a few zeros. In fact, as it turned out, we were one of the first - if not the actual first - mainstream news organizations […]
S&P Rates "Most Vulnerable" Nations
From Staff Reports Latvia, Iceland, Bulgaria and Turkey could be among the nations hurt the most if the global credit crunch continues to escalate, said a new Standard & Poor's Inc. ranking of 15 countries from Eastern Europe, the Middle East and Africa. S&P's so-called "Liquidity Vulnerability Index" tries to measure the sovereign vulnerability of […]