In what appears to be a bet consumers will stick with discount retailers even after the economy rebounds, Warren Buffett's Berkshire Hathaway increased its Wal-Mart holdings by almost 90 percent during the summer. It added almost 18 million shares, currently worth almost $1 billion, in the third quarter.
"There are no fundamentals right now that drive the market," says Joe Terranova, "It's all about technicals."
How can you invest along the same principles as Warren Buffett? James Altucher, managing director of Formula Capital, shared his insights.
At the end of September, we looked at analysts' price targets for the S&P 500 to see which stocks had the greatest expected gains in the months ahead. So far, 3 out of the October 1 top 5 and 6 out of the top 10 are trading to the upside. Here is the current list of 15 stocks expected to pop (and another 15 expected to drop).
There’s still a week-and-a-half left in the month, but the markets are currently maintaining yet another month of gains.
Reform of rating agencies is badly needed as there is a culture of carelessness towards the law which needs challenging, Eric Kolchinsky, a former analyst at Moody's who has accused the agency of issuing inflated ratings, told CNBC Friday.
Despite a pull back in the U.S. equity markets last week, the S&P and Nasdaq Composite are having their best September since 1998 so far, while the Dow is on track for its biggest % gain in September since 2007. Even though September ranks as the worst month historically on average for all three indices, the Nasdaq Composite has traded up 12 sessions out of 19 as of Monday's close while the Dow and S&P have finished up 11 days of 19.
Following are the week’s biggest winners and losers. Find out why shares of AIG and General Mills popped while Dell and Freeport-McMoRan dropped.
As we approach another quarter and month end, with just four days to go, the Dow is on track for its best third quarter since 1939, the S&P is on course for its biggest Q3 gains since 1970, and the Nasdaq Composite is having its best Q3 since 1997, based on September 24 closing levels. Will the markets continue to hold on to gains or sell off by the end of the year?
Ratings agencies need to adopt universal standards to prevent the kinds of abuses that helped fuel the collapse of the credit markets, an industry whistleblower told CNBC.
Following are the day’s biggest winners and losers. Find out why shares of A123 Systems and American Greetings popped while Moody's and Electronic Arts dropped.
With a number of stocks reaching pre-Lehman levels, is the current turn lower a watershed moment for the market?
Following are the day’s biggest winners and losers. Find out why shares of Royal Caribbean and Lowe’s popped while US Airways and Moody’s dropped.
Following are the day’s biggest winners and losers. Find out why shares of American Airlines and Monster Worldwide popped while Lennar and Abercrombie & Fitch dropped.
Out here in Germany the debate about bad banks is heating up. Is our model actually working? Is the shifting of toxic assets from banks’ balance sheets into as specially created bad banks, the right answer to stabilize the financial system?
Not too many people can honestly say they saw the Wall Street crisis coming. Hear from someone who can!
They were at the heart of the credit crisis, but still we trust them. Why?