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Winners & Losers
Financial Winners & Losers: Fannie Mae
05/08/08 - 05:40 PM EDT
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UBS UBS slipped 3.1% after the Swiss banking giant returned $35 million to Massachusetts cities and other municipalities that bought auction-rate securities they could not unload. The state's attorney general earlier this year began investigating whether the bank misled the municipalities about whether the securities were permissible investments for them under state law. Shares were off $1 to $31.05. On the upside, Ocwen Financial OCN shot up 14.4% to $5.79, after it reported delinquencies fell by 4.6% in the first quarter vs. the same period last year. The stock climbed despite the company's income from continuing operations declining by half from the year-ago period.
Hawkish comments from a Fed officials and scrutiny for investment banks from the SEC hit financial stocks.
The sector finished slightly up Tuesday, even after Fannie Mae's big loss.
Countrywide's woes were a drag on financial stocks Monday.
Yahoo! is among the most searched stocks on TheStreet.com. Here's what Cramer had to say about the stock recently.
Catch up on his thinking on the hottest topics of the past week.
Investors will have to deal with a Fed meeting and another flood of earnings and economic data.
Ensco International and Echelon have the potential to move higher in coming days.
See who made what calls.
The addition of video is helping telecom companies compete against cable and satellite companies.
The June West Texas Intermediate contract reflects selling pressure ahead of Tuesday's expiration. But stocks in the sector are generally trading higher.
See who made what calls.
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