Trader Talk with Bob Pisani

Bob Pisani

Bob Pisani
CNBC "On-Air Stocks" Editor

A CNBC reporter since 1990, Bob Pisani has covered Wall Street and the stock market for nearly 20 years. Pisani covered the real estate market for CNBC from 1990-1995, then moved on to cover corporate management issues before becoming Stocks Correspondent in 1997.

In addition to covering the global stock market, he also covers initial public offerings (IPOs), exchange-traded funds (ETFs) and financial market structure for CNBC.

In 2013, he won Third Place in the National Headliner Awards in the Business and Consumer Reporting category for his documentary on the diamond business, "The Diamond Rush."

In 2014, Pisani was honored with a Recognition Award from the Market Technicians Association for "steadfast efforts to integrate technical analysis into financial decision making, journalism and reporting."

Prior to joining CNBC, Pisani co-authored "Investing in Land: How to Be a Successful Developer." He and his father taught a course in real estate development at the Wharton School of Business at the University of Pennsylvania from 1987-1992. Pisani learned the real estate business from his father, Ralph Pisani, a retired real estate developer.

Follow Bob Pisani on Twitter @BobPisani.

More

  • Coach has confirmed that global luxury brands are in good shape. Coach reported astonishing numbers, well above expectations (gross margins of 74.2%!) with strength not just in Asia but also in the U.S.

  • Biggest talk on trading desks is what's happening with banks, with Bank of America at a new low on concerns over its exposure to the foreclosure mess.

  • S&P pushes over resistance. Last week, I noted that 85 percent of company's reporting were beating earnings estimates. And yet, the S&P stalled out at about 1185 as we moved into earnings season.

  • Reports from two industries—electronics and gaming—indicate that both those businesses have improved, but long-term challenges are quite severe.

  • Stocks are advancing modestly as earnings are handily beating expectations, but some stocks that have had fabulous price runups-recently are down.

  • Stocks Wednesday regained just about all of their losses from yesterday. And hovering at the highs of the day, stocks were little changed following the release of the Fed’s latest Beige Book report.

  • Stocks off the lows, but dollar strength is a significant headwind for stocks today. Industrials, energy, commodities selling off on the back of China's rate raise.

  • IBM, which closed at an historic high, is down about 4 percent after the close. The issues: 2010 guidance of "at least" $11.40 is only slightly better than previous guidance of "at least" $11.25; bookings also light at $11 billion vs. street expectations of $12.5 billion.

  • Report: Builder sentiment improving but a long way from healthy. The NAHB Housing Market Index rose from 13 to 16, above expectations of 13, the first rise in housing activity in months.

  • The mortgage insurers are all up today. Traders tell me this is because insurers are increasingly confident they will be able to put-back private mortgage insurance claims against the big banks.

  • Bob Pisani

    A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

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