JeeYeon Park is a writer for CNBC.com.
Stocks opened slightly higher on Thursday after a report showed jobless claims fell last week. Meanwhile, nonfarm productivity rose 1.6 percent in the first quarter, compared to the initial estimate of 0.8 percent and the 0.6 percent drop in the fourth quarter. Read and listen to what experts had to say…
We see an inflation 3 to 5 years down the road and investors should stay relatively close to the front end of the yield curve where the bond prices are protected by the Fed position of low Fed funds and interest rates, said Bill Gross, co-CIO and founder of Pimco.
Joy Global will face volatility in the short term but it is a buy-rated stock in the long term, said Charles Brady, analyst at BMO Capital Markets.
At this point, you look for any selective weakness in sectors that you want to be “long” in, advised Peter Sorrentino, senior portfolio manager of Huntington Asset Advisors.
Stocks snapped a four-day winning streak on Wednesday after a trio of weak economic reports tarnished the shine on recovery hopes. This morning's ADP jobs report showed U.S. private employers shed 532,000 jobs in May, fewer than the upwardly revised 545,000 jobs lost in April, but more than 520,000 expected. Experts commented on the above and more. Read and listen to what they had to say...(UPDATED)
Investors may have missed the big market rally, but there is still room to buy, said Scott Billeadeau, managing director of Fifth Third Asset Management and Larry Kantor, head of research at Barclays Capital.
Despite the market rally, portfolio manager Harry Rady of Rady Asset Management said he remains “more bearish than he’s ever been” and is continuing to take chips off the table. And Greg Olsen of Lenox Partners said he expects a pullback soon.