S&P Futures dropped about 10 points as the October Unemployment rate hit 10.2 percent, the highest since April 1983. While this will be the headline in the papers, bear in mind that unemployment in the 1982 recession peaked at 10.8 percent at the end of 1982. Read More
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). Read More
Posted By:Stephen Schork, Editor, The Schork ReportCNBC Guest Blog
Energy prices were strong on Monday… spot crude oil in New York ticked ever so closer to $80, while oil in London took out last summer’s 77.71 high print. Meantime, natural gas futures in New York faded initial weakness, but then rallied hard. Thus, at this point there is no real point in stepping in front of the NYMEX/ICE freight train, writes Stephen Schork. Read More
Following are the day’s biggest winners and losers. Find out why shares of Chicago Bridge & Iron and Sunoco popped while Cypress Semiconductor and Baxter International dropped. Read More
Bank stocks slipped Thursday after results from Goldman and Citi failed to live up to heightened expectations. Is the dip a buying opportunity? Read More
Posted By:Stephen Schork, Editor, The Schork ReportCNBC Guest Blog
Demand for crude oil is not strong… because demand for the stuff Eagle Point et al. used to turn crude oil into, is still poor. Be that as it may, the NYMEX contango will encourage refiners to liquidate inventory, writes Stephen Schork. Read More
Posted By:Stephen Schork, Editor, The Schork ReportCNBC Guest Blog
It’s a good thing Wall Street keeps telling us that demand for oil is so strong; otherwise, we presume Sunoco would really be in trouble, warns Stephen Schork. Read More
Banco Santander Brazil priced its IPO this morning in the middle of the range, raising $8.05 billion, in the biggest IPO on a U.S. exchange in 18 months. Read More