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
This is not your garden-variety recession, and Ken Kam of Marketocracy Masters 100 says it means the market of the future will be a lot different from the market of the past. He sees new sectors leading the market when it does come back. So what sectors is he talking about, and whose stocks does he like in those sectors?
SunTrust Banks is up 10.5 percent with heavy call activity Wednesday, after plunging along with other banks yesterday. ... Options traders are focused on the March 12.50 strikes.
Clark Capital Management's Sean Clark says the market is in a bottoming process, a process that takes time, and nothing that Treasury Secretary Tim Geithner may say is likely to speed it up. So where does Clark think that should position a portfolio?
Chesapeake Energy is seeing bearish options activity ahead of its earnings report next week. The company, which operates oil and natural gas wells, had run up some 20 percent in the last week but closed yesterday down 4.66 percent...
UGH. How depressing was that? After days of hype, leaks and anticipation, Tim Geithner, the Treasury Secretary cum Eagle Scout tip-toed onto the stage and told America... not much. ... And it was just over four months ago, in late September when Hank Paulson made an equally mealy-mouthed pitch to Congress. He left a blank check for $700 billion but few new converts.
Microchip Technology is seeing enormous options trading amid rumors of a possible takeover by chip giant Intel.
One of the reasons the current market malaise is said to be unique is its global nature. Conventional wisdom suggests that the U.S. led the world into decline, and will lead it out. James Moffett of Scout International Advisors believes other countries played their own parts in the downturn, and stocks — including foreign stocks — will lead the recovery.
Last October seems like a long, long time ago. Back then, Stifel Nicolaus senior bank analyst Collyn Gilbert recommended Hudson City Savings Bank, PNC Financial Services, and People's United Financial among regional banks likely to weather the breaking financial storm. Today, only one of the three is left on her list.
Fifth Third Asset Management's Mary Jane Matts is an expert on value investing. So, in this topsy-turvy market environment, what does "value" mean?
You've heard the arguments for small-cap and large-cap stocks. So why is neither market-cap size leading the way? RidgeWorth Capital Management's Don Wordell told CNBC why he prefers mid-caps — and picked two favorites.
Nexen is seeing heavy options volume ahead of its earnings report Thursday as talk of a possible takeover circulates the trading floors.
Wachovia's Sam Brothwell thinks natural gas is a natural choice for the long-term investor. "It's abundant — we've proven that — it's affordable; it's an American fuel; and it's also the cleanest conventional resource we've got," he told CNBC. "All of that points toward it taking a greater place at the table in the electric-power generation sector."
It is a downturn that has defied many of the lessons of the past, but some portfolio managers are convinced that, as in previous recoveries, small-cap stocks will be in the front rank as this market marches back. Eric Marshall of the Hodges Small Cap Fund, understandably, is one of them.
NetApp is seeing huge call volume Monday, ahead of its quarterly report Wednesday after the close. ... NTAP was above $26 in September, but bottomed at $10.39 in early November. Since then the data storage company has steadily climbed; at one point today the shares reached $16.74 after a Barron's article called the company recession-resistant.
Shares of Arcelor Mittal are rising along with increased options activity, ahead of the steel company's earnings report Wednesday.
Bill McVail of the Turner Small Cap Growth Fund thinks size matters, and offers some strong arguments for riding out of the recession with a portfolio full of small-cap stocks. "We think the consumer is going to start doing better in 2009 and 2010," he told CNBC. "We're focusing more on the restaurants and the retailers; we think the stimulus package will get them going sooner."
As Wall Street speculates about whether former investment banks will give back TARP money, Goldman Sachs rose in overnight trading after seeing heavy stock and options volume during Friday regular session.
This week is going to be big. How will you game the action?
Ambac Financial Group is seeing unusual options activity Friday, as its shares rise 17 percent on the day. Here's why the options action got our attention...
Is it time for investors to feast on food stocks? David Palmer thinks that's a reasonable assumption. "They're a decent place to be," the UBS senior restaurant analyst told CNBC. "Input costs are coming off their highs; certainly, people have to eat, so, as people look for cheaper calories, (packaged food companies) should be doing OK."