12:20pm (EST) The market has gotten off to a slow start as both the bulls and bears feel each other out before mapping their next move. Futures were pointing towards a higher open but were weakening as we headed towards the opening bell. There is some rhetoric out of EuropeRead more
Citigroup (C) Reverses Course
Futures Pointing Towards Slightly Higher Open
9:05am (EST) The market acted “shitty” yesterday if you were a bull. Excuse our French this morning but if Senator Carl Levin can use that word over and over again on basic cable then we can use it to describe the bulls frustrations yesterday. The market got absolutely crushed following the debtRead more
Upgrades Could Keep Momentum Going
Bulls Ready To Run
9:05am (EST) Futures are pointing towards a higher open this morning following reports of a new bailout package for Greece. The foreign markets rallied overnight on growing hope that the European nations will announce a bailout deal to help Greece with its mounting debt problems. The market is also getting aRead more
AIG Gets A Downgrade, Imagine That
9:00am (EST) American International Group (AIG, $35.45, down $4.20) fell 10% yesterday after a Credit Suisse analyst downgraded the stock from “Neutral” to “Underperform”. Their research pointed to the fact that “near term monetization of value of businesses suggests little to no value for common equity.” For those of youRead more
Wednesday's WakeUp Call
9:10am (EST) Futures are up slightly lower as we get ready for this morning’s trading action. Yesterday, the bears ruled Wall Street and it looks like they could get the ball first this morning. Dow futures are down 25 points to 9,278 while the Nasdaq futures are lower by 4.5 points, to 1,591. S&PRead more
Checking In
2:00pm (EST) The Dow is struggling after starting off the morning in the green. Intel (INTC, $20.25, up $0.78) got the ball rolling after the company raised its sales forecast for the current quarter from $8.9 billion to $9.2 billion and Dell (DELL, $16.08, up $0.43) came in with better-than-expectedRead more