Some of the fizz has left the stock market as investors reassess hurdles facing consumers and lock in gains from an eight-month rally. That defensive posture may color trading in the upcoming week.
CNBC's Fast Money Steve Grasso thinks it would be a good idea to buy Wal-Mart Stores, Inc. (NYSE: WMT) on Monday. He added that they are doing everything to stay competitive with their prices. Wal-Mart Stores (WMT) dropped 0.48% on Friday.
Joe Terranova likes The Kroger Co. (NYSE: KR) as the food prices are going up and KR has the pricing power. Kroger (KR) gained 0.18% on Friday.
Karen Finerman likes Bank of America (NYSE: BAC) and Pete Najarian believes in Mylan (NASDAQ: MYL). Bank of America (BAC) added 0.06% and MYL gained 0.48% on Friday.
On October 9th CNBC's Fast Money Joe Terranova recommended investors to buy JPMorgan (NYSE: JPM) as he expected the stock to be a winner in financial fall out.
JPMorgan (JPM) was trading at that point around $45.85 and on Friday it closed at $42.46. Its highest price since the October 9th was $47.47.
Joe Terranova still believes in this stock and thinks that investors should buy it now if they haven't already bought it.
BloggingStocks: After previously announcing that he would leave the CEO post in December, Bank of America (BAC) head Ken Lewis is backpedaling in light of the company's difficulty in finding a replacement.
The Wall Street Journal (subscription required) reports ... Read more
BloggingStocks: Here are some highlights from this past week's earnings coverage on BloggingStocks:
ADC Telecommunications Inc. (ADCT) posted a surprise net loss for Q4 and predicted a loss in Q1.
BJ's Wholesale Club Inc. (BJ) shares fell after Q3 earnings ... Read more
As the old saying goes, “You’re either a contrarian, or a victim.”
It just so happens that one of the savviest contrarians I know is my colleague, Louis Basenese.
And nobody takes that to heart more than Lou does. I’ve scratched my head in bewilderment on many occasions after reading one of Lou’s bold ...
Warren Buffett, the CEO and Chairman of Berkshire Hathaway (BRK-A)/(BRK-B), announced on Thursday to borrow $8 billion of loan for the acquisition of Burlington Northern Santa Fe Corporation (BNI). Berkshire Hathaway, which already owns a 22% stake in Burlington Northern, announced earlier this month it would acquire the rest for a ...
After almost a year of initiating the $700 billion Troubled Asset Relief Program (TARP) to rescue the nation’s financial industry, the U.S. Treasury Department said on Thursday that it would auction off stock warrants it acquired from three big banks that received a significant portion of taxpayers’ money and have fully repaid the same. The [...]
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