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Warren Buffett did it again. Bank of America (NYSE: BAC) announced this morning it would be selling 50,000 preferred shares to Warren Buffett and Berkshire Hathaway (NYSE: BRK-A), worth $5 billion. Buffett, as is his customary deal, will also get warrants to purchase 700 million shares at an...

Collective Brands (NYSE: PSS) +28.89% on upbeat earnings reported yesterday. Bank of America (NYSE: BAC) +20.17% after the announcement that Berkshire Hathaway will invest $5B in the company. Signet Jewelers (NYSE: SIG) +11.49% on upbeat earnings. Citigroup Inc. (NYSE: C) +9.67% on Bank of...

Bank of America (BAC) is flying up nearly 25% as it is being reported that Berkshire Hathaway is dropping $5B into the hole.  Ironically, Buffet has been talking to Prez Obama the past few days (on 'job creation') - I am sure no coincidence. :)  This is similar to the investment in Goldman Sachs (...

Collective Brands Inc (NYSE: PSS) soared 33.27% to $13.70 in the pre-market trading. PSS reported better-than-expected quarterly profit. Bank of America Corporation (NYSE: BAC) rose 2.86% to $7.19 in the pre-market session. BAC shares have dropped 44.79% over the past 52 weeks, while the S&P...

FactorShares 2X: Gold Bull/S&P500 Bear (NYSE: FSG) led the decliners among the ETFs on Wednesday, with a decrease of 9.93%. FSG closed at $42.83, and it had a volume of 246K traded shares. ProShares Ultra Silver (ETF) (NYSE: AGQ) traded lower today, along with silver. AGQ fell 9.15%, and...

PowerShares DB Gold Double Short ETN (NYSE: DZZ) spiked 10.37% today as gold traded sharply lower. DZZ closed at $4.79, and it had a volume of 20.05M traded shares. ProShares UltraShort Silver (ETF) (NYSE: ZSL) closed its second consecutive trading session higher. Today, it gained 8.88%, and it...

Moody's downgraded Japan's credit rating to Aa3 from Aa2, citing "large budget deficits and the build-up in Japanese government debt since the 2009 global recession." Angela Merkel rejected claims that Greece should provide collateral for its bailout. New York AG Eric Schneiderman has been...

Sodastream International (NASDAQ: SODA) +5.42% on heavy volume. MGM Resorts International (NYSE: MGM) +7.46% after touching 52-week lows yesterday. Bank of America Corp (NYSE: BAC) +8.57% after Raymond James reiterates Strong Buy and $16 PT. ATP Oil & Gas Corporation (NASDAQ: ATPG) +6.45 on...

Meredith Whitney, who has been notoriously bearish on the banks in the past, is singing a different tune this morning. Whitney, of Meredith Whitney Advisory Group, said that Bank of America Corp. (NYSE: BAC) does not have to raise capital immediately. In comments captured by Bloomberg, Whitney...

The major stock market indexes have certainly been volatile during the month of August. The recent stock market swings in both directions have been outright violent at times. Many traders and investors have had to even step back and allow the markets to calm down at times before trying initiate a...

Bank of America has lowered the price objective on the following banks: JP Morgan (NYSE: JPM) from $55 to $51 Citigroup (NYSE: C) from $53 to $50 Goldman Sachs (NYSE: GS) from $153 to $148 Morgan Stanley (NYSE: MS) from $26 to $25

Starbucks Corporation (NASDAQ: SBUX) fell 4.55% to $35.06 in the pre-market trading. SBUX shares have surged 60.96% over the past 52 weeks, while the S&P 500 index has gained 10.50% in the same period. Oracle Corporation (NASDAQ: ORCL) dipped 1.64% to $25.77 in the pre-market session. Oracle...

Crude oil prices rose on reports out of Germany and China on better than expected data. St. Louis Fed President James Bullard said the Federal Reserve "would definitely take action," if U.S. deflation became a risk again. Japan PM Naoto Kan is likely to announce his resignation on Friday. A...

Once again, the stock market held a major pivot point bottom and has since moved higher. This pivot point on the SPDR S&P 500 ETF (NYSE: SPY) was at $112.50. Each of the last three trading days, the markets have hit this level. Each time it has held. Today is the master pivot day. If it holds...

Bank of America (NYSE: BAC) shares are now down better than 7% and are starting to free-fall, just like in 2008. The stock is dangerously close to making a new 52-week low, and CDS on the bank's debt has blown out to near 2008 levels. Volume has been massive again today with more than 300 million...