Officials said Senate committees could unveil the reform at the weekend and start debating one of the cornerstones of President Enrique Pena Nieto's economic reform drive on Monday.» Read More
After stocks hit record levels this week, many analysts believe the market is nearing a top, setting the stage for another pullback. "Technically, we're over-bought, and it looks like the market is due for some sort of correction," said Sean Clark, chief investment officer for Clark Capital Management. and it looks like the market is due for some sort of correction," said Sean Clark, chief investment officer for Clark Capital Management.
Stocks closed with broad gains on Friday and the major markets finished at record levels following a week filled with positive earnings surprises. "A lot of people thought this was supposed to be the quarter where earnings growth slowed down but most reports have been impressive," said Rick Pendergraft, chief investment analyst at Investor's Daily Edge.
U.S. crude oil futures ended sharply higher, pushed up at the expiration of the front-month May contract and ahead of Nigeria's presidential election Saturday that has oil markets worried about post-election turmoil disrupting supply.
Investment in alternative energy is surging and it’s not simply the result of the politically correct investing crowd. Venture capitalists are taking an active interest in the sector.
Robert Pavlik, chief investment officer for Oaktree Asset Management, told CNBC’s “Power Lunch” that he wouldn’t put new money into the market.“I believe this market wave is going to crest soon,” Pavlik said. “I think the market has been driven largely by the earnings reports of some of the largest S&P 500 names that have been able to beat their lowered expectations – lowered being the key word.”
A new study says that ethanol may do more harm than good. On “Morning Call,” the study’s author, Mark Jacobson, associate professor of civil and environmental engineering at Stanford University, joined Brooke Coleman, director of the Renewable Energy Action Project, to debate whether ethanol could be more harmful to your health and to the planet than gasoline.
Schlumberger said Friday its first-quarter earnings and revenue climbed from the same quarter last year, as international exploration boosted demand for its products and earnings at its seismic unit rose.
Stocks closed mixed but the Dow Jones Industrial Average inched up to another record as investors awaited key quarterly reports after the bell. "You still have some pretty important earnings coming out that are going to set the tone," said Adam Tracy, director of listed trading at Thomas Weisel Partners.
How can investors play China's phenomenal 11% growth? Christopher Smart, who manages the Pioneer Emerging Markets Fund, and Guojia Zhang, portfolio manager for the Delaware Emerging Markets Fund, gave "Street Signs" viewers their favorite Chinese stocks.
Here's our re-cap of today--with the leaderboard, most active and widely held stocks as well as our trivia questions. We'll start there. The video question is worth $2,000 Bonus Bucks: According to this morning’s report, China’s first quarter GDP was up how much? The selection of answers are: 5.7% or 8.5% or 10.2% or 11.1%.
Oil prices dipped as rising refinery production and a key pipeline restart eased worries of a U.S. fuel supply crunch this summer driving season.
Russia's Gazprom has shortlisted four firms for a project to build a liquefied natural gas plant on the Baltic Sea and will pick one or two equity partners in July, an executive said on Thursday.
Here's the latest on what you're doing with stocks for the contest--and what they're doing to you!! It's pretty much dominated by earnings news, both good (LLTC) and bad (YHOO, ESLR). The most active and widely held lists remain the same. And a stock we took a closer look at yesterday, Seagate, had an impact on another stock--and not for the best. Here's the breakdown...
The Dow closed at a new record as blue chip stocks were boosted by upside earnings reports, but stocks ended mixed after two notable tech names disappointed investors. JP Morgan Chase added positive momentum to the financial sector, closing at a new high after the bank reported first-quarter earnings growth of 55%.
Crude oil prices firmed slightly on Wednesday as worries over Iran's nuclear ambitions countered easing fears of a gasoline supply crunch in the United States this summer driving season.
Stocks are heading for a lower opening as some weak tech earnings worry investors. The dollar continues to fall against major currencies. Asian markets were higher overnight, but European stocks are lower. There are no big data items today but earnings could sway direction.
U.S. crude oil futures dipped this afternoon on book-squaring and crack-spread trading ahead of Wednesday's government inventory report. Front month crude futures earlier rose above $64 as a shut Canada-to-U.S. crude pipeline and a Texas refinery's restart were supportive.
Hey folks--here's an update of the lastest action from the leaderboard, to most active stocks. And of course we announced weekly winner #6--James Kraber. On another note, there was an error found in the news trivia question for today. Again, as we posted just a while ago, those who tried to answer the question will receive the value of the news trivia question: $1,000 in Bonus Bucks. Again--that's ONLY for those who tried to answer the question. Here's the update:
The Dow closed within striking distance of a new record following another batch of strong earnings reports. "I think this market is acting great," said Todd Leone head of listed trading at Cowen & Company. "We've had a tremendous rally and we’re still making a number of new highs. It's really acting well."
Timothy Ramey, senior research analyst at D.A. Davidson & Co., told CNBC’s “Squawk on the Street” that the Tyson Foods-ConocoPhillips deal to produce biodiesel from animal fat will plump Tyson’s bottom line.