Cramer was right, the fourth quarter results were great but the stock traded down. Goldman Sachs Group gave a cautious outlook for Wall Street in 2008 because of the ongoing credit crisis, even as the world’s largest investment bank chalked up another record-breaking year.
During the fiscal fourth quarter, Goldman’s $3.17 billion profit was fueled […]
Cramer has found what could be the next Baidu (BIDU) or Google (GOOG). Investors that want to seek shelter in a foreign stock should look at Mercadolibre (MELI).This company, Cramer said, processes ecommerce transactions, which have been a good business domestically and is an even better business in Latin America, where it’s based.
The stock has gone […]
By the end of this week, the world’s best-known chronicle of capitalism, The Wall Street Journal, will be owned by another company — something many thought would never happen.
For more than a century, the Journal’s parent company, Dow Jones & Co., was controlled by the Bancroft family, descendants of Clarence Barron, one of the earliest […]
The chairman of XM Satellite Radio Holdings Inc. said Wednesday he remains “hopeful” that the company’s $5 billion acquisition by rival Sirius Satellite Radio Inc. will close this year, although he acknowledged that time is running short. At the UBS Global Media and Communications Conference, Chairman Gary Parsons said the Department of Justice will have […]
The board of Citigroup Inc. (C) is scheduled to hold a two-day meeting this week as it weighs candidates, including Citi executive Vikram Pandit, to become chief executive of the largest U.S. bank, a source familiar with situation said on Sunday. The regularly scheduled board meeting will include a “full agenda” and a decision […]
The entire year has been an uphill battle for Cramer with NYSE Euronex.
Cramer pointed out that this last year the stock has traded worse than any other stock he has ever seen in his 26 years of trading. When all other stocks went up, this one went down and the most frustrating thing about it […]
