NEW YORK, Aug 29- A year after Goldman Sachs bungled a software upgrade and lost tens of millions of dollars from unintended trades, the 12 U.S. stock options exchanges have crafted new rules for dealing with erroneous transactions, according to draft documents seen by Reuters.» Read More
Bob Auer of the Auer Growth Fund has some definite standards for choosing stocks. He gets a chance to use them every earnings season — and this tough time is no exception.
CNBC's Bob Pisani reported from the New York Stock Exchange Tuesday. He says the trader buzz is focused on earnings season, which begins today with Alcoa. Pisani discusses economic bellwether Baltic Exchange Dry Index, Royal Bank of Scotland Humana, Coventry, and UnitedHealth.
"The train, coming out of the station, starts very slowly, and then it builds up momentum," GAMCO's Mario Gabelli told CNBC. As the economy rebuilds from the rubble, dealmaking will be very slow for a time, but the investment legend sees big things ahead.
Ford rose 16 percent yesterday after reducing its debt by $10 billion and had plenty of options activity along the way.
Green ETFs have been challenged ever since oil retreated off its record highs last July. The long-accepted feeling has been that as oil prices rise, so does interest in alternative energy. But there are some signs that this could be changing.
Options activity in Textron is crazy busy Monday, as shares surge in heavy volume amid takeover rumors. Shares of the aircraft maker bottomed at $4 or so in early March, but are up more than 9 percent on merger talk...
Shares of International Game Technology spiked Friday with heavy options activity and gained even more in after-hours trading.
Cubist Pharmaceuticals is up more than 12 percent today with heavy options activity amid rumors that the company will be bought by Swiss drug giant Novartis.
For the first time in what seems like forever, options trading is showing strong signs of interest in financial companies, and some long-awaited takeover talk in telecom.
Fifth Third Asset Management's Mary Jane Matts looks back on a dramatic week for stocks, and still finds some bargains for investors. "When you consider that the S&P is trading about eleven times normalized earnings, the stock market is attractive here," she told CNBC. "I don't think you have to over-think it."
A leading Chinese exchange traded fund is on the rise, and traders are bullish on its options as well.
Despite the continuing market rally, Rob Morgan of Clermont Wealth Strategies suggested that investors still remain cautious.
It looks like the markets are in the midst of climbing over a “wall of worry,” said Alec Young at Standard & Poor’s. He expects the market rally to continue and for investors to start putting their money to work.
Generic drug company Forest Labs is seeing heavy call activity amid buyout rumors.
Robert Pavlik of Banyan Partners thinks a lot of his Wall Street colleagues have it all wrong. That being the case, what should investors be doing?
Stocks closed higher as some mildly optimistic economic news helped Wall Street begin the second quarter on a positive note.
Health care technology and sanitation loom large in the stock-picking universe of Formula Capital's James Altucher.
The NCAA doesn't have a monopoly on the Final Four. Lazard Capital Markets has issued its list of the four top "buy-rated" stocks at the start of the second quarter. Lazard's director of research, Paul Noglows, revealed each of the four to CNBC and explained how they made the cut.
LED technology company Cree is up 6 percent Wednesday, with huge options activity. The average call activity in CREE for the month of March was 2,200 contracts a day, but today some 23,200 calls changed hands in the first hour of trading alone.
Mark Travis, CEO of Intrepid Capital Funds told CNBC, “I think the heavy hand of government has created some volatility — and that’s created an awful good opportunity to acquire financial assets.”