Much quieter day than Friday, lighter volume, VIX still elevated but not higher than Friday.
Stocks closed near session lows as civil unrest in Egypt sparked widespread selling that pushed the S&P 500 down nearly 2 percent and broke an eight-week winning streak for the Dow. Microsoft and Home Depot sank.
Stocks extended steep losses, as the S&P 500 slid nearly 2 percent, as civil unrest in Egypt sparked widespread selling despite decent economic numbers. Microsoft and Home Depot fell, while Kraft rose.
The carrier of commodities such as coal and iron ore plunged 11 percent on record volume of more than 12 million shares. Option activity surged to 10,804 contracts versus the 1,003 daily average, as investors piled into puts that positioned for more downside.
The strength in the shipping sector may indicate the US economy is in better shape than recent economic data suggests, according to Urs Dur, an analyst at Lazard Capital Markets.
See what's happening, who's talking and what will be making headlines on Wednesday's Squawk on the Street.
Nordic American Tanker Shipping reported earnings on Friday that showed the firm rebounded from losses a year-ago, helped by its expanded fleet as it saw sport-market rates improve year-over-year. Herbjorn Hansson, CEO of Nordic American Tanker Shipping shared his analysis and insights on his company.
Shipping in and around the Gulf of Mexico is business as usual, in spite of the oil spill, in this heavily trafficked area. But should the oil spill spread, higher shipping rates could result, an analyst told CNBC Monday.
S&P futures popped about 5 points as nonfarm payrolls came in slightly better than expected (loss of 36,000 jobs vs. loss of 68,000 expected). Greece is up for the fifth out of the last six days, despite protests in the streets. Premier Wen Jiabao of China pledged to crack down on property speculation. (Good luck on that.)
Now is the time to take a look at oil tanker stocks, said Omar Nokta, head of research for marine transport at Dahlman Rose & Company. He shared his stock picks with investors.
Can’t make heads or tails of all the analyst action? Whether upgrades or downgrades – here what the traders are talking about!
Regardless of whether people agree with the government stimulus efforts in the United States or across the globe, there are ways that investors can play it. James Reed, portfolio manager at Scout Stock Fund, and Will Nasgovitz, portfolio manager at Heartland Advisors, shared their ideas and stock picks.
Dividends can be a way for investors to effectively safeguard returns during volatile times. John Dorfman, portfolio manager of Dorfman Value Fund and chairman of Thunderstorm Capital, shared some of his best picks to “pay while you wait” for the next rally.
Analysts David Lutz of Stifel Nicolaus Capital Markets and Peter Kenny of Knight Equities shared their best recovery trade strategies.
Cramer makes the call on viewers' favorite stocks.
Two fund managers are wary of the big rally that followed moves by the Federal Reserve to pump liquidity into the economy, but they've still got some favorite stocks.
Standard and Poor's has just released the results of its twice-a-year stock screen, designed to find Warren Buffett-style stocks. The new list features several tech stocks, including Apple, as well as a number of names from Europe and Asia. But some key Buffett criteria aren't taken into account by the screen.
Hey folks, guest blogger Jeff Mishlove is back. Sorry to say, we're going to lose Jeff for awhile, as he does have his own business interests to take care of (all guest bloggers receive NO compensation from us). We certainly hope to hear from Jeff in the future, as he's always welcome to post here. Jeff's done pretty well this week--and as he says--you might have as well. Here's his post:
Hey everyone. Here's guest blogger Jeff Mishlove's contest picks for today: Now that Wednesday’s very exciting market has closed, I see that – once again – my recommendations for Tuesday purchases turned out to be quite volatile. Life Cell Corporation was up 4.99%. Anadigics was down 10.72%. American Commercial Lines was down 5.32%. Overseas Shipholding Group was up by 8.55%.
The shipping industry is enjoying a boom the likes of which it hasn't seen since spices were discovered in Asia. While that may be an exaggeration, the ethanol and energy bull markets have sparked a huge surge in shipping demand. How can investors navigate their way to fast money?