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
Traders are bullish on mining company Silver Wheaton as precious metals move higher today.
Dan Genter at RNC Genter Capital Management said the bull market will return soon and it’s time for investors to start “brining their heads up out of the fox hole and start tiptoeing through the mine field” to buy into some sectors that have been beat up.
The new year is still three weeks away, but Keith Wirtz of Fifth Third Asset Management has a couple of stocks he thinks investors ought to own in 2009. Both are stocks of conservative companies he likes because of their fundamentals, and are likely to do well as the market recovers.
Jamie Cox of Harris Financial Group is looking past the current "flight to quality" that has dropped Treasury yields so far, and saying where he thinks the money will be heading when it comes flying back.
Fortune Magazine is looking ahead to 2009 with a list of 10 promising stocks. Senior editor Leigh Gallagher says, "When markets return, they return in force. Usually, after a bear market, in the first nine months, the market goes up by an average of 32 percent, so if you wait, you risk missing big momentum."
Focus Media is seeing some heavy options trading as its stock spikes more than 20 percent Wednesday afternoon. Shares in the company, which operates an outdoor advertising network in China, were trading as low as $6.62 just Friday — but have gone as high as $9.18 today...
Michael Yoshikami of YCMNET Advisors has a couple of stocks he's keeping his eye on: one to continue watching, and one as a buying opportunity right now. The sector is technology.
Eric Schoenstein of the Jensen Portfolio says equities remain the best bet in the long run. His advice: "You've got to start thinking more clearly about fundamentals of businesses, quality businesses that have real growth potential, cash flow generation opportunities."
As construction-related names pick up steam with President-elect Obama's infrastructure plans, Century Aluminum is moving higher and seeing increased options activity.
Jeffery Harte of Sandler O'Neill says it's time for investors to stop shunning financials. See his top stock picks.
Seagate Technology saw major upside action in options Monday, as its shares rose more than 14 percent. Call volume in afternoon trading was FIVE times the average flow of 3,400!
Christopher Growe, managing director at Stifel Nicolaus told CNBC he sees a few “tasty” food stocks that will help boost portfolios. Here are his top four picks.
Goodyear saw a spike in options activity as its stock traded higher on Monday, apparently a positive reflection of progress toward an auto industry bailout in Washington. The action focused on the April 7.5 calls, which lit up OptionMonster's tracking systems, driving the price of those options up $0.50 to $1.50.
Seventy percent of Hugh Johnson's portfolio is in stocks — and that's where his money is staying, he says. The chairman and CIO of Johnson Illington Advisors says fixed-income investing has some significant dangers the casual investor may overlook. But CNBC also heard a counterpoint view...
Hartford is seeing heavy options trading Friday, as its stock soars more than 88% even as the broader markets drop. Hartford Financial Services, which has an average daily call volume of 10,000 contracts, saw 37,100 calls trade in the first hour of trading this morning. That's three times full session volume in just 60 minutes!
"Buy great companies at fair prices, instead of fair companies at great prices," Mark Tinker, global portfolio manager at Axa Framlington Gemini, advised.
Lousy sales, weak earnings and more layoffs reigned over Thursday, with glum news from Nokia, Viacom, Merck, AT&T, DuPont, Credit Suisse and retailers across the board. European central banks enacted big rate cuts. And Fed Chairman Ben Bernanke urged more government efforts to stanch soaring home foreclosures. But CNBC heard from experts who say that while the news will get worse through 2009, markets will periodically rally — and one strategist sees the Dow at 12,000 in 2010.
SanDisk shares are moving nearly 15 percent higher Wednesday, as talk of a renewed buyout bid by Toshiba hits the trading desks. Here's my take on it...
Don't buy the stocks that others are buying, says Craig Callahan, founder and president of ICON Advisers. He says investors should target what others are selling — like consumer discretionary stocks.
Bank of America could end up cutting 30,000 jobs as it moves to absorb Merrill Lynch, three times as many as previously estimated, sources told CNBC