Cramer's Take on Headline Stocks: May 13
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Date updated:05-13-2009
Stocks were falling on Wednesday, with the three major indices in the red at midday, dragged down by bank and retail stocks.
According to the Commerce Department, April retail sales were down 0.4%, missing expectations.
In retail earnings news, on Wednesday Macy'sreported that it lost $88 million, or 21 cents per share, for the quarter, and that sales fell 9.5% to $5.2 billion.
Liz Claiborne also recorded a loss in its first quarter, of $91.4 million, or 97 cents a share, and a 29% drop in sales.
As for banks, they were taking a hit on reports that Obama seeks to increased the regulation of executive compensation at financial companies.
With this in mind, we thought we'd take a look at some of the stocks in the news lately and see what Jim Cramer's had to say about them. Read the full article here..
-
WFC
Wells Fargo & Co - $27.87
- -1.59%
- $28.21
"What really did happen Friday? I keep thinking about this because, surely, if you saw how well the Wells Fargo (WFC) and Morgan Stanley (MS) deals behaved, didn't you, as a bank player, have to presume that there would be and will be more offerings?" ("A Bevy of Bank Offerings," 5-12-09)
-
MS
Morgan Stanley - $32.10
- -0.65%
- $32.42
"What really did happen Friday? I keep thinking about this because, surely, if you saw how well the Wells Fargo (WFC) and Morgan Stanley (MS) deals behaved, didn't you, as a bank player, have to presume that there would be and will be more offerings?" ("A Bevy of Bank Offerings," 5-12-09)
-
BBT
Bb&t Cp - $24.60
- -0.32%
- $24.58
"If Wells Fargo went up 6, isn't it reasonable to presume that Bank of New York Mellon (BK), KeyCorp (KEY), Capital One (COF), BB&T (BBT) and no doubt all of the others, would do the same?" ("A Bevy of Bank Offerings," 5-12-09)
-
BK
Bank Of Ny Mellon - $26.19
- -0.34%
- $26.14
"If Wells Fargo went up 6, isn't it reasonable to presume that Bank of New York Mellon (BK), KeyCorp (KEY), Capital One (COF), BB&T (BBT) and no doubt all of the others, would do the same?" ("A Bevy of Bank Offerings," 5-12-09)
-
COF
Capital One Finan - $37.70
- -1.67%
- $38.01
"If Wells Fargo went up 6, isn't it reasonable to presume that Bank of New York Mellon (BK), KeyCorp (KEY), Capital One (COF), BB&T (BBT) and no doubt all of the others, would do the same?" ("A Bevy of Bank Offerings," 5-12-09)
-
KEY
Keycorp - $5.73
- -1.55%
- $5.77
"If Wells Fargo went up 6, isn't it reasonable to presume that Bank of New York Mellon (BK), KeyCorp (KEY), Capital One (COF), BB&T (BBT) and no doubt all of the others, would do the same?" ("A Bevy of Bank Offerings," 5-12-09)
-
STI
Suntrust Banks - $22.04
- +0.82%
- $21.67
"Who wouldn't take advantage of this? Fifth Third (FITB)? Suntrust (STI)?" ("A Bevy of Bank Offerings," 5-12-09)
-
FITB
Fifth Third Banco - $9.97
- -0.80%
- $9.97
"Who wouldn't take advantage of this? Fifth Third (FITB)? Suntrust (STI)?" ("A Bevy of Bank Offerings," 5-12-09)
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