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Trader Talk with Bob Pisani

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  Monday, 7 Jan 2008 | 4:30 PM ET

Slowdown "Effect" Hits Market, And GM Talks Up Driverless Cars

Posted By: Bob Pisani
Slowdown talk hurts tech, commodities, defense stocks today. UBS downgrades IBM on concerns about a slowing in tech orders; Deutsche Bank downgrades Boeing and Goodrich. Commodities weak across the board—metals, steel, iron ore (2nd day in a row.) Defensive stocks—consumer, drugs all strong. Lilly upgraded at Morgan Stanley. »Read more
  Monday, 7 Jan 2008 | 1:54 PM ET

Market Feeling: Negatives Outweigh The Positives

Posted By: Bob Pisani
Commodity based stocks getting hit hard again midday. Alcoa down 5.3 percent, AK Steel down 4.6 percent, oil service down 2.3 percent. What's up? Underlying commodities are weak for a second day in a row--the CRB index (a basket of commodities) has fallen almost 2 percent the past two days. »Read more
  Monday, 7 Jan 2008 | 9:49 AM ET

Lowry's Analysis: Market Bottom Not Till At Least April '08

Posted By: Bob Pisani
One of the greatest concerns was the considerable technical damage that was done to the market last week, a concern echoed this morning by Lowry's, the oldest technical analysis service in the country. »Read more
  Monday, 7 Jan 2008 | 9:16 AM ET

Fourth Quarter Earnings: Jobs Spark Slowdown Questions

Posted By: Bob Pisani
Fourth quarter earnings season begins in earnest this week. On Friday, the weak jobs report forced traders to question the recent overweight in tech, industrials and materials. This overweight was based on the assumption that: 1) the U.S. was unlikely to be entering a serious slowdown. »Read more
  Friday, 4 Jan 2008 | 4:19 PM ET

Job Numbers Forcing "Review" Of Stock Models

Posted By: Bob Pisani
The poor jobs report is causing a rethinking of stock models, which are weighted toward certain sectors based on earnings expectations. Up until recently, many large traders were overweight tech, industrials and materials stocks on two assumptions. »Read more
  Friday, 4 Jan 2008 | 1:08 PM ET

Markets: Can Earnings Move Them Off Bad Jobs Report?

Posted By: Bob Pisani
The markets will quickly move from the debacle of the jobs report to earnings, and here the picture is a bit precarious as well. Fourth quarter earnings estimates have been coming down fast. We're expecting earnings for the S&P 500 as a whole to be down 9.5 percent (estimates from Thomson). »Read more
  Friday, 4 Jan 2008 | 9:03 AM ET

Jobs, Obama And Huckabee Are Talk Of The Street

Posted By: Bob Pisani
Nonfarm payrolls up just 18,000, well short of expectations of 70,000, weakest since August 2003. The November number was revised upward to 115,000 from 94,000 and futures dropped ten points initially. The dollar weakened. »Read more
  Thursday, 3 Jan 2008 | 2:52 PM ET

Street Finds Itself "Paved" With Gold Right Now

Posted By: Bob Pisani
Traders are blinking in disbelief at the commodity complex, as the S&P Energy Index (a basket of all the major energy stocks) has hit an historic high and gold stocks have gone parabolic. Look at what gold stocks have done in just the past two days: »Read more
  Thursday, 3 Jan 2008 | 11:17 AM ET

Oil Prices: They're Actually Going To Go Down?

Posted By: Bob Pisani
Oil has everyone ajar on Wall Street, but today Stratfor--a respected global geopolitical consultant--has put out a thought-provoking piece arguing that oil prices are likely to go DOWN, not up, in the coming months. A massive reduction in global demand due to a softer global economy? No, though that is the usual suspect the oil bears argue. »Read more
  Thursday, 3 Jan 2008 | 9:07 AM ET

Futures Looking Up On Good Economic Numbers

Posted By: Bob Pisani
Futures up on several economic reports that are better than expected: 1) ADP report of gain of 65,000 jobs for December ( 40,000 private sector jobs in December + 25,000 government jobs = 65,000 total). »Read more

About Trader Talk with Bob Pisani

  • Direct from the floor of the NYSE, Trader Talk with Bob Pisani provides a dynamic look at the reasons for the day’s actions on Wall Street. If you want to go beyond the latest numbers— Bob will tell you why the market does what it does and what it means for the next day’s trading.

 

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

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