Shares of Sony Corp fell to their lowest in nearly four months on Friday after the electronics maker announced a new business strategy that failed to encourage investors of its growth prospects.
Risky assets have risen too much, too soon and too fast, but investors won't get an obvious sign that a correction is starting and will have to gauge fundamentals, Yogi Dewan, founder of Hassium Asset Management, said Thursday.
French food group Danone cut its medium-term sales growth target on Wednesday but said it would increase free cashflow by more than two-thirds by 2012 as it aims to outpace its competitors.
Global stocks were mostly lower Thursday as concerns about the pace of the recovery reared its head. Experts told CNBC they expect dollar weakness for some time to come and suggest staying out of cash.
Brazil took another step on Wednesday aimed at containing the appreciation of its currency, unveiling a 1.5 percent tax on certain trades involving American Depositary Receipts issued by Brazilian companies.
Volatility in the financial markets is expected to continue into 2010, but to a lesser extent, said Louis Cheung, group president of China's Ping An Insurance . However, he said despite a strong recovery in the domestic economy, China would not be immune to the global market turbulence.
Global stocks and commodities rebounded on Wednesday, with gold rising to a fresh high near $1,150 an ounce. Experts told CNBC stocks are likely to rally through until the end of the year.
It’s a ‘delicious situation’ in the markets as the values of silver and stocks are both climbing after closing out of their shoulder-head-shoulder trend, Chris Zwermann, global strategist at Zwermann Financial, told CNBC Wednesday.
Tuesday, 17 Nov 2009 | Posted By:
Lisa Auret | Source: CNBC.com
As the economic slowdown peters out and recovery shoots arise, governments are still making good on their promises of infrastructure spending in their massive stimulus packages. And it may be just the time for investors to make money off these government-initiated projects.
While not being comfortable with the current gold trade, Dennis Gartman told CNBC that the price of the precious metal will "continue to go up until it stops."
Governments and companies will soon find themselves battling over the small supply of private savings available, paving the way for another recession, Ron Napier, head of Napier Investment Advisors, told CNBC Monday.
The period of seasonal weakness is over, the correction was less than expected, and the underlying trend is ‘jolly strong’ heading into six months of growth, Robin Griffiths, strategist at Cazenove Capital, told CNBC Monday.
Global stocks gained Monday as gold hit a fresh new record above $1,130 an ounce. Experts told CNBC the energy sector face a malaise in the short-to-medium term, but Asia still holds a lot of investment potential.
Stocks advanced Friday as Disney's earnings beat and JCPenney's outlook helped offset worries about a drop in consumer sentiment. For the week, the Dow gained 2.5 percent, finishing at its highest level since Oct. 2008.
The stock market is likely to go higher because there are still many institutional investors who missed the current rally, Tobias Levkovich, chief equity strategist at Citigroup, told CNBC Friday.... Read More
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." ... Read More