President Obama talked through the issues of health care reform on Thursday in a bipartisan summit. The unprecedented event comes as the president tries to get his reform plans back on track. Charles Boorady, health care providers analyst at Citigroup, discussed the summit and shared his investment strategies.
Helix Energy is trading lower since its earnings announcement yesterday, but option activity is bullish in the name.
The CBOE Volatility Index (VIX), widely considered the measure for fear in the market, rose over 8 percent to near 22 on Thursday. Should investors be paying closer attention to the figures? Gordon Charlop, managing director of Rosenblatt Securities, and Alan Valdes, vice president of Kabrik Trading, shared their insights.
Markets opened lower on Thursday after the government said weekly jobless claims rose more than expected last week. What should investors expect for stocks going forward? Robert Heller, former Federal Reserve Governor, and Kathleen Stephansen, chief economist at Aladdin Capital Holdings, discussed their market outlooks.
Even though investors get another dose of Fed Chairman Ben Bernanke in Washington, D.C., the problems in Greece have crept back to the forefront of investor concerns. The issue today is whether the country can cut the budget enough to help the situation. And the big deal on Wall Street involves Coca-Cola and Coca-Cola Enterprises.
The Dow dropped more than 150 points, or about 1.5 percent, after a report showed jobless claims surged last week. Coca-Cola was one of the biggest drags on the Dow following news it plans to buy its bottler. And Palm fell more than 20 percent at the open after the gadget maker slashed its revenue forecast.
Clearly Ben worries that we are a ways from shaking off the effects of the financial meltdown. In his testimony he said he would need to see a rebound in employment, housing, and bank lending before he would feel a sustained recovery is at hand. That is pretty clear as to what has to be obvious before rates come down.
Coca-Cola announced plans to buy the North American operations of its largest bottler, Coca-Cola Enterprises, in a substantially cashless deal that would cut costs and increase flexibility in its distribution. What does the move mean for investors? David Silver, equity research analyst at Wall Street Strategies shared his insights.
Fed Chairman Bernanke again committed to keeping interest rates "exceptionally low for an extended period" to support a "nascent" economic recovery. At the same time, Bernanke seemed to infer that he did not believe the economy was yet growing on a self-sustaining basis.
Greek stocks gave inventors advance warning of the crisis to come for the country, but now they are saying it could be time to buy again, Daryl Guppy, CEO of Guppytraders.com, told CNBC Thursday.
Stock futures added to losses after the government said weekly jobless claims ramped up more than expected last week.
Invest in countries that are more sensitive to U.S. economic growth, said Philip Niem, head of Asian discretionary portfolio management at Barclays Wealth.
Sharon Epperson reports on a bounce in natural gas futures, the expiration of the large RBOB gasoline futures contract on Friday and what the Goldman Sachs Commodities Index says.
Stocks rallied Wednesday as the dollar pulled back and Fed Chairman Ben Bernanke pledged to keep rates low for a long time. Financials were among the top gainers.
Despite a fairly decent earnings report out of Toll Brothers this morning, some concerns linger over the state of the housing industry. Toll’s CEO Robert Toll pointed out that the speed of a housing recover has been “hard to discern” due to “unevenness in demand” the homebuilder has seen since September.
Gold prices have dropped nearly one percent over the past week—and the decline could continue, said Ashraf Laidi, chief currency strategist at CMC Markets. There’s more downside for the precious metal seen ahead, he told CNBC.
Stocks rallied on Wednesday following a decline in equities over the previous two trading sessions, when major indexes posted their biggest losses since early February. How should investors be positioned? David Katz, CIO of Matrix Asset Advisors, discussed his market strategy.