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Smart phone makers Research in Motion, Apple and Palm are all in great shape for more upside, said Mike Abramsky, managing director of RBC Capital Markets and David Garrity, principal of GVA Research LLC.
Stocks opened higher Friday as today marks the once-a-quarter event known as "quadruple witching" and techs rallied.
With no significant economic data and few earnings reports released today, futures are modestly higher on this quadruple witching Friday. While volume and volatility have continued to be seasonally light, traders expect a little pop at the open on the expiration day of stock and index futures and options.
Rochdale Securities analyst Richard Bove started Citigroup with a 'buy' rating and a price target of $4 Friday, calling it "the only truly international bank in the world."
Investors should brace for a bumpy ride during Friday’s trading session due to "quadruple witching," Dodge Dorland, AB chief investment officer from Landor Capital Management, told CNBC.
The end of the week marks the once-a-quarter event known as "quadruple witching" - the simultaneous expiration of stock index futures, stock index options, stock futures, and stock options that occurs on the third Friday of the third month of the quarter.
After months of light volumes and high volatility, experts tell CNBC risk aversion in the currency markets has moderated. They suggest buying policy-related stocks but staying clear of base metals.
Traders are already looking ahead to next week's Fed meeting as the next potential catalyst for stocks.
Peter Kenny, managing director of Knight Equities and Brian Kelly, president of Kanundrum Research weighed in on the best places to invest now.
Healthcare stocks rebound, so is significant reform dead? Healthcare stocks have been moving off their lows since Tuesday and are up significantly today after moving almost straight down in June.
It’s been a ‘V-shape’ market since March and a healthy correction would enable this market to have a longer life, said Lawrence Glazer, managing director at Mayflower Advisors.
Stocks post modest midday rally. Stocks moved up modestly after the open, led by two of the weakest sectors in the past week: financials and commodities.
The markets will get a larger correction through the summer, said Sean Clark, CIO at Clark Capital Management.
Stocks advanced on Thursday after a trio of encouraging economic reports: The Philadelphia Federal Reserve's manufacturing report, leading indicators and weekly jobless claims. But tech stocks continued to retreat, pulling the Nasdaq into negative territory while the Dow and S&P ticked higher. Read and listen to what the experts had to say…
The economy will recover this year but at a slow enough place to cause challenges for investors, a panel of financial experts told CNBC.
Futures popped a few points as continuing claims for unemployment recorded its first weekly drop since January. While last week was a record high (about 6.8 m), this at least is a step in the right direction.
Market manipulators are bound to find a way around sweeping reforms proposed for the financial services system, hedge fund manager James Chanos told CNBC.
Allstate has been sliding steadily since the beginning of June, but some traders are apparently looking for the insurance company to bounce in the next month.
Global stocks were lower Thursday but oil and gold futures rose. Despite this, experts told CNBC a period of consolidation is coming for the two commodities.
A tug of war between bulls and bears stalled the stock market Wednesday and could do so again Thursday, as traders focus on hours of testimony from Treasury Secretary Tim Geithner.