Goldman Sachs (GS, $87.70, up $9.44) and JPMorgan (JPM, $27.66, up $2.60) added to their gains in late-afternoon trading. Both stocks continued to surge after the update in today’s blog and hopefully that will carry over into Thursday. However, futures are trading lower despite the $820 billion stimulus package thatRead more
Bank Stocks Blast-Off
Goldman Sachs, JPMorgan Rise
The market is trading higher, led by financials, on renewed optimism the new Obama administration is moving quickly to stabilize the banking sector. Goldman Sachs (GS, $86.00, up $7.74) and JPMorgan (JPM, $27.26, up $2.20) are having a monster day as both stocks are up nearly 10%. The Dow isRead more
News Flash: Banks Stocks Could Get Lift
Netflix's Numbers
Palm Drops On Apple Patent
Chesapeake Energy Up On Takeover Talks
One of our favorite stocks, Chesapeake Energy (CHK, $15.80, up $0.90), made the rumor mill rounds yesterday as there is speculation that British energy group BP PLC (BP, $42.70, up $1.92) is preparing a takeover bid. Man, don’t you love it when the M&A activity heats up? We’ve been downRead more
Weekly Wrap 1/25/09
1. Commentary 2. Financials 3. Techs 4. Biotechs 5. Earnings 6. Closing Thoughts ************************************************** 1. Commentary The market continued its slide as the all three major indexes lost ground again last week. There was strength in certain sectors while other sectors continued their volatile ways, especially the financial stocks. TheRead more
Market Looking For Answers
After-Hours Action
Here’s a look at how a few of the stocks we have been following are doing in after-hours trading. Intuitive Surgical (ISRG, $96.01, down $0.99) reported earnings after the closing bell and pretty much met Wall Street’s numbers although revenue was lighter than anticipated. The company reported a profit ofRead more