The market saw an afternoon selloff after a poor November Institute of Supply Management number. The ISM registered at 49.5 – down from 51.2 in October. It appears investors are getting a bit timid – despite a strong year – after a week of bad reports.
Steve Kernkraut – an analyst with hedge fund Berman Capital Management – talked with CNBC’s Bob Pisani about the retail sector this holiday season. Here are the stocks to watch -- and those to avoid.
The bulls got U.S. Federal Reserve chief Ben Bernanke to repeat his Goldilocks scenario for the economy, but 10-year bond yields barely moved – they’re down about three basis points to 4.51%. The bears think Bernanke’s outlook is rose-tinted and unrealistic. Here’s how the markets ended Tuesday, in what has been an interesting week so far.
Fed Chairman Ben Bernanke spoke--but it seems few investors listened. Stocks drifted lower after his speech. So--what's the next move for investors in 2007? That's the question for two analysts on Closing Bell. Citigroup's Chief U.S. Equity Strategist and Managing Director, Tobias Levkovich is very bullish on the economy.
A new stock market regulatory agency is about to ride into town. The New York Stock Exchange and the NASD are announcing plans to combine their regulatory operations--and make the world's largest securities watch dog.
It goes without saying--well almost without saying-- that it's been a down day for the markets that hasn't been seen in some time--with triple digit losses for the Dow and Blue Chip Index falling as much as 150 points today.
Yahoo! CEO Terry Semel spoke with Maria Bartiromo on “Closing Bell” today. Here’s a recap of what he said about a few of the issues facing his company. On today’s announced restructuring: “I did this five years ago. There were a lot of people who thought it was insane. I reorganized the company – and at that time I put it around product – how we could get deeper with our very, very large audience.
Investors have seen some nice gains in both energy and commodity stocks over the past few months. But as we head into 2007--is the party over? Value investor Susan Byrne says the "celebration" will continue. Byrne is Chairman and Chief Investment Office at Westwood Holdings Group and her Equity Triple A Fund was crowned the number 1 large cap value fund last year by Lipper--returning over 13%.
A late look at stocks shows the Dow trading in a narrow 31-point range. Volume was light as well. Software, autos and gold were all under pressure. Homebuilders were trading up though on an increase in mortgage applications – which was boosted by the lowest mortgage rates in a year.
The Yahoo news began trickling out at 5pPST Tuesday night. Various websites reporting snippets of "news" being announced shortly at a company-wide webcast: a 20% workforce reduction; Terry Semel's resignation. The CNBC news machine immediately got into high gear.