The day started off with a lot of lousy layoff news from Home Depot (HD) (7K), Pfizer (PFE) (8K), Caterpillar (CAT) (20K) and Sterling Banks (STBK) (1K). Pfizer buying Wyeth (WYE) stimulated bulls and they got further pumped-up by home sales and Leading Economic Indicators being better than expected. So up we ...
MARKET COMMENT January 26, 2009 The day started off with a lot of lousy layoff news from HD (7K), PFE, (8K), CAT (20K) and STBK (1K). Pfizer buying Wyeth stimulated bulls and they got further pumped-up by home sales and Leading Economic Indicators being better than expected. So up we went early only to see those gains fade as the day progressed. Volume was moderate and breadth was modestly positive.[More...]
In this article, we feature Bank of New York Mellon (BK), Goldman Sachs (GS), Morgan Stanley (MS), JP Morgan Chase (JPM), Bank of America Corp. (BAC), Citigroup (C), Wells Fargo (<a href="http://www.zacks.com/stock/quote/WFC"[More...]
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