NEW YORK, Dec 12- Gold tumbled 2 percent on Thursday as upbeat U.S. retail sales data stoked expectations of a cut soon in the Federal Reserve's stimulus program, and natural gas prices rose for a fourth straight day as colder weather gripped the United States. Coffee and silver were among other commodities that posted major price moves.» Read More
Hey everyone. Here's a recap of today from the leaderboard, to the most active and widely held stocks and the trivia questions. Also--don't forget to send in your emails for tomorrow (Friday) night's "How To Win" contest show. Have your questions read on the air and get the answers you need. Send them to firstname.lastname@example.org. The video here is from the "Power Lunch" crew. "How to Win" airs tomorrow night at 7 PM EST ONLY on CNBC-TV.
U.S. crude oil finished just short of $64 as gasoline futures surged to new eight-month highs on troubles at two refineries. The production disruptions raised fears of a gasoline supply crunch when drivers hit the roads this summer.
Isaac Green, chief executive officer of Piedmont Advisors, told CNBC’s “Morning Call” that he believes Nike can grow at about 14% in the future.He called Nike a “maturing growth stock” and said the company had used its strong cash flow to buy other brands such as Converse, which is growing at more than 20% in the U.S. Market. He said the Beijing Olympics will increase Nike’s sales in Asia.
Actor Willie Garson comes back (as we thought-see below) to take champion poker player Chris Moneymaker out of the lead for the second time. Stephen Collins also passes Chris to take second place on Chris's big loss on CMGI. Not too good of a day for most--as all of our celebs were down Wednesday, except for Ernie Hudson who gained almost $35,000 mostly on his sale of Electro Scientific, moving himself out of last place.
Here's our look at stock performance from the most recent contest trading sessions. Stock upgrades and same sales reports, as well as earnings numbers had an affect. "Mad Money's" Jim Cramer seemed to have had an impact as well, on one of the most actives-- as you can see. Familiar names still dominate most active and widely held stocks.
Stocks prices are soft ahead of the open, following a slide in Europe and Asia on yesterday's comments from the Fed.
Oil billionaire Boone Pickens is sticking to his guns. Even though oil prices have declined since the beginning of April as Iran fears fade, the Chief Executive of BP Capital tells CNBC he still thinks crude will be heading higher, "testing the highs" of $78 per barrel before the end of the year.
Shares of SK Corp., South Korea's biggest refiner, surged to a record high on Thursday as its plan to restructure into a holding company is expected to increase transparency in theconglomerate.
Crude oil and gasoline prices surged higher on news that U.S. gasoline supplies had fallen much more than expected.
Stocks closed broadly lower on Wednesday as investors' hopes for a cut in interest rates diminished following the release of minutes from the Fed's policy meeting three weeks ago."I think what the market wanted to hear was that the Fed was looking to come to the rescue and add liquidity to the system, as they seemed to tip their hat to in the last FOMC announcement," Kevin Caron, market analyst at Ryan Beck, told CNBC.
Here's a re-cap of standings--from the leaderboard, most active, and the day's trivia questions. We'll start there first. The video is from the "Power Lunch" crew. The video is worth $2,000 Bonus Bucks: Today, the Yen hit all time lows against what major currency? And the news question is worth $1,000 Bonus Bucks: Citigroup unveiled a new restructuring plan this morning that will eliminate how many jobs?
Brother against brother, oil bull versus bear: Bruno Stanziale, principal in commodity sales at Bank of America, took on his sibling, Evaristo Stanziale, trader at SCS Commodities, as they told "Morning Call" viewers where they think petroleum is going. Despite Wednesday's price jump, Evaristo Stanziale remains an oil bear. ... Bruno Stanziale agreed that the U.S. domestic market for crude is "well-supplied," but cautioned that investors "have to look elsewhere" and take into account "dynamic global" demand.
Gasoline prices have been on the rise for the past 10 weeks -- and the summer driving season is just around the corner. Is there price relief around the bend? Stephen Schork, editor of The Schork Report and Vincent DeVito, former acting assistant secretary of energy and an attorney with Pepper Hamilton, debated the issue Wednesday on “Morning Call.”
Bill Archer, a former Republican congressman from Texas and now a member of the American Council for Capital Formation, told CNBC’s “Morning Call” that increasing supply –- not price controls – is the only way to ease consumer pain at the pump.
Corn ethanol is all the rage, but one analyst says solar energy has been wildly undervalued. Signal Hill's Michael Carboy joined "Squawk on the Street" to explain why sun power will be this decade's next big thing. Carboy told CNBC's Erin Burnett that oil prices "do not drive the solar story." He maintains that if crude stays stable or even if it drops, the solar industry is likely to grow at a 40% compound average rate between now and 2010.
World champion poker player Chris Moneymaker is number one in Trading With The Stars! He knocks Willie Garson out of first place--taking the lead for the SECOND time in the competition. He was number one back on April 3rd. (thanks to producer Lori Spechler for pointing this out). BUT is it a "bluff?"--only $2,590.29 separates the two players. So, there could be more trading places in the days ahead. Here's a breakdown:
Okay, here's a look at the stocks making noise. We focused a bit yesterday on CMGI becasuse it was on top of both the most active and widely held lists. But--that changed as you will see. The best performing trades By % gain from Monday's close to Tuesday's close: United Rentals (URI): If you bought on Monday at $27.55 and held/sold on Tuesday with a close of $32.36..
Stocks closed modestly higher on Tuesday as the Dow Jones Industrial Average stretched its winning streak to eight straight sessions. Still, caution ahead of the beginning of earnings season kept many investors on the sidelines.
Oil prices rose after four straight losing sessions as markets turned attention to Iran's nuclear activities and dwindling gasoline stocks in the United States, the top consumer.
Here's a re-cap of our most recent stats, with video courtesy of the "Power Lunch" crew. Remember, those bonus bucks really pay off, so make sure you try the answers. Contest registrations to date: 656,085.