Discussing what sectors they love in the stock market and where they are deploying their cash, with Phil Orlando, Federated chief equity strategist, and John Rutledge, SAFANAD chief investment strategist.» Read More
Stocks closed modestly higher on Tuesday as the Dow Jones Industrial Average stretched its winning streak to eight straight sessions. Still, caution ahead of the beginning of earnings season kept many investors on the sidelines.
Stocks are searching for direction after a 7-session winning streak for the Dow 30. European stocks are moving higher after yesterday's holiday there, and Asian stocks were mixed overnight.
Stocks closed mixed on Monday after a modest follow through rally from Friday's strong jobs numbers quickly fizzled as investors looked ahead to quarterly earnings season. "I think with the next few days we're in a holding pattern waiting for earnings to appear," said Zachary Karabell, portfolio manager at Fred Alger Management.
Trader Monthly has issued its annual list of the top-earning traders of 2006. Just how much are the biggest earners taking in? Rich Blake, senior editor at Trader Monthly, joined CNBC’s Bill Griffeth on Power Lunch with the first look at the jaw-dropping numbers. In this elite club of traders, each of the top 100 made $50 million or more last year -- and every one of the top five made at least $1 billion in annual compensation.
A stronger-than-expected employment report could send stocks lower on Monday. "Good news is bad news, it's a stronger number than some were hoping for because you don't want jobs to be picking up at this stage because inflation is becoming a problem," Marc Pado, chief market strategist at Cantor Fitzgerald, told CNBC.com.
U.S. Treasury bond prices tumbled and yields rose in a holiday-shortened session Friday after the unemployment rate fell to a five-month low, signaling the economy could be stronger than expected.
Asian markets finished mixed in the Good Friday session with Japan closing almost flat. But South Korea shares managed to squeeze out a gain for a third straight record. Most markets in Asia were closed for the holiday.
Gold may glitter, but base metals often are also indicators of global economic health. Two analysts who joined "Power Lunch" agree that the commodities -- used in construction, electronics, healthcare and manufacturing -- are due for a correction. But the downturn may not be as general -- or as soon -- as some investors fear. Matthew Parry, economist at Moody's Economy.com, is only "mildly bearish" on metals as a whole.
Despite a volatile first quarter, stocks aren't much above where they were at the beginning of the year. But even if the major averages aren't showing big gains, smart investors know where to look for growth opportuntities.
Stocks ended a short trading week higher, closing up for the sixth straight session as the major market indexes reflected a bullish bias ahead of Friday's jobs data and next week's start of quarterly earnings season."The market drifted higher all week long. I'll give you a dozen different reasons why it shouldn't but the markets just keep going up," Mike Driscoll, head of listed trading at Bear Stearns, told CNBC.com.
Is gold really a good investment -- or does it sit in your portfolio like a brick? John Reade, head of metals strategy at UBS, gave "Squawk on the Street" viewers his take on the ancient commodity. Reade noted that oil prices climbed during the recent diplomatic tensions between Britain and Iran, and asked why gold -- the traditional haven during times of strife -- didn't experience a similar rise...
Stocks are barely changed ahead of the opening and are likely to trade with some trepidation ahead of a three day holiday weekend. Tomorrow's jobs report is a big point of interest, but stock traders will be home watching their bond market brethren trade the number on a special jobs Friday edition of Squawk Box.
Stocks closed higher as diminished tension in the Middle East set a positive tone for the major market indexes, which remained resilient despite lukewarm economic data. "The resolution between Iran and Britain took a dark cloud away, it's the best of all worlds," said Dan McMahon, head of listed trading at CIBC World Markets.
A seesaw market Wednesday after the prior day's rally makes many wonder: is the February correction really over? Neil Donahoe, chief investment officer at SYM Financial Advisors and Michael Sheldon, chief market strategist at Spencer Clarke, joined Sue Herera on "Power Lunch" to give their market outlook.
Corn may get all the press, but "the other ethanol" -- sugar -- is just one of the alternatives recommended by Jim Bower and Jeanette Young. The two traders joined "Power Lunch" to tout the "soft commodities" they favor. Young, an independent orange trader at the New York Board of Trade, "particularly" likes coffee. She told CNBC's Sue Herera that she is "thinking about" the approaching South American winter; as long as coffee doesn't drop below $108.30, she'll be bullish.
Volatility is apparently here to stay. But for how long? Two investment strategists joined CNBC's Liz Claman to debate the timing of a calmer market.Alison Deans, director of investment policy at Neuberger Berman, told "Morning Call" viewers that the "uncertainty" of investors and analysts will create further volatility through the first half of this year. But she sees the market stabilizing in the second half, as one question is finally answered: "Will the Fed hold, tighten or ease?"
Oil slid Wednesday, as the Iran hostage drama seemed to near an end. But two fund managers told "Morning Call" that the volatile Islamic nation actually did little to affect the markets. Instead, earnings and private equity are the real story.Steve Folker, managing director, growth strategies for Fifth Third Asset Management, said that fundamentals, not geopolitics, control oil prices -- and he predicted that those marketplace laws will continue to send oil lower.
Stocks were mixed in early trading after Iran's president said the British sailors would be freed. Oil moved lower, under $64 a barrel. Oil inventory data is due at 10:30 a.m. EDT.
Stocks closed higher across the board Tuesday as investors were encouraged by better-than-expected housing data and a steep pullback in crude oil prices. "The market was pleasantly surprised by the housing numbers," John Massey, portfolio manager at AIG SunAmerica, told CNBC.com. "That took out a significant amount of resistance and hesitation in the market, and tensions cooling in Iran led to a pullback in energy. It was a confluence of those two events."
Stocks are geared up to open higher this morning after yesterday's sluggish activity. Auto sales and pending home sales data are features today.