"At this point, you're sort of in a no man's land waiting for Friday's number," said Daniel Greenhaus, chief global strategist at BTIG.» Read More
It's not so much the company...it's the sector and a desperate grab for alpha (outperformance). I've been asked why a tea company, which yesterday was pricing 7.14 million shares at $13-$15, priced at $17, and opened at $28.95 (!). Here's the answer...
Stocks added to gains Thursday, led by techs, after a handful of positive economic news and ahead of a key vote on a bill to cut the U.S. deficit in Congress.
CNBC's Jane Wells has the story on the largest city bankruptcy filing ever.
Americans' craving for coffee is growing and that should mean a boost for Starbucks, UBS senior analyst David Palmer told CNBC Thursday. "One thing about coffee in this country is, behavior is shifting," he said. People are "moving toward the good stuff."
Traders tell me this indicates the Treasury believes the debt ceiling issue will be resolved soon.
Goldman Sachs raised its 12-month price target on Cisco Systems by 34 percent to $21 Thursday, and upgraded the network company to "buy" from "neutral," based on its expectations of higher earnings in coming quarters.
Here's why you should keep a close eye on these six stocks.
S&P futures popped about 6 points when initial jobless claims for the week, at 398,000, were lighter than expected. Stocks are oversold—some agreement on the debt ceiling should lead to a gap up.
Futures gained Thursday after weekly jobless claims fell more than expected, but investors continue remain on edge ahead of a key vote on a bill to cut the U.S. deficit in Congress.
The current political turmoil may put technical levels for stocks at risk, Philippe Gijsels, the head of research at BNP Paribas Fortis Global Markets in Brussels, told CNBC.com in an interview Thursday.
In the very unlikely event that the United States defaults on its debt obligations, the country's economy would contract by 5 percent and stocks would fall by nearly a third, according to Credit Suisse.
The debt feud will likely continue to take its toll on markets Thursday, as the deadline to raise the debt ceiling closes in and lawmakers are still far apart.
As the price of crude oil has surged in the last year, several big oil stocks have followed suit. The next quarter will likely deliver good news again for these stocks, said one analyst—but another suggested examining how companies react to oil's rise before investing in them.
The Fast Money crew offers special CNBC.com-only advice on your investments.
Stick with the no trade game plan for now, but I am now urging you to get ready for bargains created by this Washington morass, says Mad Money host Jim Cramer.
The Fast Money guys share their final trades of the day.
With debt talks looking like a lose-lose situation right now for the US, I'm bearish on the USD right now, says Brian Stutland, Stutland Equities.
Xerox is very attractively valued at current levels, says Anthony Scaramucci, SkyBridge.
Jim Iuorio, TJM Institutional, gives his play on volatility right now.
If the debt debate passes the deadline, the market could see a dramatic sell-off, says, Jeff Kilburg, Treasury Curve.