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Winning sectors like coal have taken a hit. Who's on top now?
By anyone's reckoning, it was a rough week. Crude oil continued its relentless climb; banks and brokerages gave hints of more discouraging news; government data pointed to a weak economy; even strong companies like Nike, Oracle, and Research In Motion issued cautious guidance; and Federal Reserve policymakers, widely perceived as powerless to help, left interest rates unchanged. But all week, even through the worst of the market's sell-offs, CNBC guests offered
One sector in particular is up despite a previous beat-down. Is this a sign?
Where some stock-market investors see losses, Eric Schoenstein sees discounts. His four-star Jensen Portfolio is up an average of 4.7 percent per year over the last three years, and he's singled out some stocks he finds exceptionally promising and very reasonably priced.
Almost everywhere they looked during the week, investors saw red ink flowing. But CNBC guests worked hard to find bright spots in the murk.
To help investors prepare their portfolios for next week, CNBC asked the market experts for their best stock picks now.
"Stay with the big-cap names that do a lot of business overseas, and wait for capitulation," says Church Capital Management founder and chief investment officer Gregory Church.
The markets will be facing volatility for the rest of year, so it's time for investors to stack their portfolios with defensive plays, money manger James Bevan told CNBC Friday.
With the credit crunch weighing on consumers' wallets, tap water is making a comeback.
When the News Corporation added MySpace to its portfolio nearly three years ago, it expected that if its base of 16 million users kept growing — and each user kept adding friends, sharing photos and swapping flirty messages — the advertising dollars would roll in, the New York Times reported.
To help investors get their portfolios ready for next week, CNBC asked the market pros for their best stock picks now.
For the stock market, this summer is going to be all about oil. "At this point the market is almost held hostage to oil prices," says David Twibell of Colorado Capital Bank.
Goldman Sachs recommended buying multinationals instead of domestic firms recently. Would our traders follow their advice?
For the first time in a long time, it looked as if oil was going to stay out of the market headlines. No such luck.
For the week ending Friday, June 6, 2008, the markets finished in the red as the CBOE Volatility Index (VIX) again crossed above the 20 threshold and oil surged. Stocks were impacted by continued economic concerns, renewed trouble in the financial sector, and a record spike in crude oil on Friday. Although it was a negative week for the markets, the Dow managed a 200+ point rally on Thursday for the first time since 4/18, after retailers posted better than expected same store sales.
Record oil prices force Wall Street to reassess sure-fire strategies.
In another wild day in the markets, CNBC asked the pros for their best investment advice. Here's what some of them had to say.
Big jumps for the unemployment rate and the oil prices on the same morning. Christopher Zook says it's stagflation -- and tells you how to defend your portfolio.
Lehman Brothers appears to have escaped the investor panic that brought down Bear Stearns, but investment pros say it's too early to jump back into financial stocks.