US stocks rallied after Treasury Secretary Timothy Geithner testified that the “vast majority” of US financial institutions have sufficient capital to survive. Read More
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US stocks plunged today as Bank of America (NYSE: BAC) reported a first-quarter gain, but also upped its provisions for credit losses. The move renewed concerns that although the nation’s largest financial institutions may have posted profits in the first quarter, credit quality will only continue to deteriorate as the economy weakens. Read More
Many customers thought Old Turkey was trying to hide his best ideas and act cagey. But the true wisdom of this statement is simple: Don’t fight the trend. If you can establish the overall trend of the market, you will make money. Of course, there will be countertrend pullbacks within every bull market, but these dips should be regarded as buying opportunities, not reasons to panic and bail out. Read More
US stocks finished the day marginally higher after one measure of consumer confidence showed improvement and BB&T (NYSE: BBT) announced first-quarter earnings that beat analysts’ expectations. Read More
US stocks ended the session in the green after J.P. Morgan Chase (NYSE: JPM) posted first-quarter earnings that beat analysts’ expectations--largely because of profits generated by its investment banking segment. Read More
The three major US stock indexes rallied this afternoon after American Express (NYSE: AXP) indicated that growth in bad consumer loans had slowed. Read More
US stocks slumped during today’s session after retail sales declined unexpectedly last month. Read More
As confusing and counterintuitive as it may seem, the title of today’s issue sums up one of the two main reasons markets have been rallying in recent weeks. Read More
The three major stock indexes soared today, led by shares in the financial sector, after Wells Fargo (NYSE: WFC) announced first-quarter earnings that roundly trumped analysts’ expectations. Read More
Master limited partnerships offer sky-high yields and shelter from President Obama’s new tax proposals. Here’s how to play the group. Read More