The master limited partnership asset class, as reflected by the Alerian MLP Index spacer, has dramatically outperformed its peers on a "traveling" twelve month basis: 25 percent versus the S&P 500 13.4 percent, Dow Jones Utilities Index 9 percent and Morgan Stanley's spacer REIT Index 16.6 percent, Darren Horowitz, managing director Energy Equity Research at Raymond James, told CNBC on Friday.
Stocks added to modest losses Friday after news that Congressional leaders have not come to a budget agreement, which could lead to a government shutdown at midnight tonight. Cisco fell, while Merck rose.
Stock index futures rose ahead of the open Friday in what is expected to be another low volume session before earnings season kicks off in earnest with Alcoa's release after the market closes on Monday.
Australian Stock Exchange's (ASX) rebuff of a $7.8 takeover offer from the Singapore Exchange (SGX) was the wrong decision, said Kerry Series, Founder and Chief Investment Officer of Asia-focused fund management firm Eight Investment Partners.
Stocks continued to trade lower ahead of the close, failing to rebound entirely after another powerful earthquake in Japan renewed investor fears about supply disruptions and the ongoing nuclear crisis, and as oil jumped above $110 a barrel. GE and Cisco fell, while Home Depot rose.
Stocks trimmed losses but remained down after news of a 7.4-magnitude earthquake east of Sendai Honshu, in northern Japan.
Stock index futures pared gains and traded flat despite news of a slightly better-than-expected drop in jobless claims and better-than-expected chain store sales, but also after largely expected news that the European Central Bank raised interest rates.
Stocks closed higher amid rising prices for oil and gold, as the market hit new highs. Cisco and AmEx led Dow gainers, while Caterpillar fell.
Stocks added to modest gains in the last hour of trading amid rising prices for oil and gold, lifted by banks and technology. Cisco and AmEx led Dow gainers, while Caterpillar fell.
In March of 2009 the market hit the "generational bottom" and is now at the beginning of a "new secular bull market," Hank Smith, vice chairman, portfolio manager and CIO of Haverford Trust Company, told CNBC Wednesday.
Stocks gained Wednesday as commodity prices lifted mining stocks, and as tech stocks appeared to continue to benefit from M&A activity. Cisco and HP rose, while DuPont fell.
Stock index futures rose ahead of the open Wednesday as commodity prices continued to surge.
The "Mad Money" host said there are investing opportunities galore right now.
*Convicted of illegally trading Dell, Nvidia shares. Todd Newman, a former portfolio manager at hedge fund Diamondback Capital Management, and Anthony Chiasson, co-founder of hedge fund Level Global Investors, had been set to begin prison sentences later this summer.
TORONTO, June 18- Canada's Tim Hortons Inc is under mounting pressure from activist investors to boost shareholder value a few weeks before a new CEO takes over after a second hedge fund said it had amassed a big stake in the coffee and doughnut chain.
MONACO, June 18- Hedge funds, once seen as a quick route to riches for managers and investors alike, are trying to reinvent themselves as more socially conscious and make money all the same.
The world's second-wealthiest man explains to CNBC why workers in Europe and other parts of the developed world are at the "best" part of their career after they reach their 60s.
Tuesday, 18 Jun 2013 | 10:00 AM ETViolent protests broke out in eight Brazilian cities last night, with the worst violence occurring in Rio de Janeiro. Thousands of protesters threw Molotov cocktails and anything else they could find. The protests began over a 10-cent increase in bus and subway fares.
Tuesday, 18 Jun 2013 | 11:05 AM ETFBI Deputy Director Sean Joyce describes how NSA surveillance helped to detect and thwart a plot to bomb the NYSE.