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Market Tips: Caution on Commodities

Banks soared in global markets Tuesday after Goldman Sachs reported a strong first-quarter profit. But investors remained cautious on concerns over the fate of General Motors and the impact the economic slowdown has had on companies. Experts tell CNBC to approach financial and resource stocks tentatively.

Buy on Financials

Richard Bove, financial strategist at Rochdale Securities tells CNBC why he has a "buy" on JPMorgan Chase and Wells Fargo.

Goldman Raising $5 Billion is Wrong

Goldman Sachs' $5 billion capital raising is wrong, says Richard Bove, financial strategist at Rochdale Securities.

Tread Carefully on Rallies in Financials

Be cautious on the financial rallies, says Michael Yoshikami, president & chief investment strategist at YCMNET Advisors. He tells CNBC that the rally is unsustainable when you factor in some of the credit losses.

Goldman Plans to Repay TARP

If other banks don't follow Goldman's example in repaying TARP funds, the market would trade lower, Dodge Dorland, CIO of Landor Capital Management, said Tuesday. "We're going through a period right now, where we expect the results to be favorable," he added.

Best of the Banking Stocks

Four banking stocks with a "pretty good technical picture" are: Barclays, Credit Swiss, BNP Paribas and Deutsche Bank, Petra von Kerssenbrock from Commerzbank told CNBC Tuesday.

Green Shoots Appearing in the Markets

There are glimmers of hope for investors, as the "market will rise strongly long before the economy does," Roger Nightingale from Pointon York said Tuesday. He voices his concerns that the economic outlook is going to be gloomy for a "considerable amount of time" to CNBC.

Worst May Be Over

Signs are emerging that the worst may be behind us, believes Sani Hamid, director of wealth management at Financial Alliance.

Hot on Bonds, Lukewarm on Stocks

"It's a great time to be shopping," Jeff Auxier, president & CEO of Auxier Asset Management, said as he discussed why he finds corporate bonds more attractive than stocks.

Companies 'drowning' in cash, with strong balance sheets and competitive positions present good shopping opportunities, but the credit markets are more compelling, according to Auxier.

"Any business without a strong balance, you have very careful," he added.

Shunning Bonds for Stocks?

As investors look to get tentatively back into the stock market, Willem Sels from Dresdner Kleinwort looks at how the trend will affect bond investments.

Caution on Resource Rally

Be cautious on the rally in Australia resources, warns Kevin Curran, head of dealing at Foster Stockbroking.

Assessing the Recent Rise in Oil Prices

The recent rise in oil prices is not a demand-led recovery, believes Paul Young, Singapore managing editor at Platts.

Long on Gold

Gold could be another buying opportunity for long-term investors, says John Licata, chief investment strategist at Blue Phoenix.

Commodities Reliance on China

The price advance in the commodities market is the result of China's stockpiling at low prices, says Michael Yoshikami, president & chief investment strategist at YCMNET Advisors. He tells CNBC to be cautious on commodities.

Chinalco-Rio Deal Unlikely to Go Through

Carlo Caiani, CEO of Caiani & Co. tells CNBC that regulatory hurdle and shareholders' resistance will likely derail Chinalco's attempt to buy Rio Tinto. He says BHP could return to the negotiating table in November.

BT Staging a Comeback?

UK telecoms giant BT is "really a turnaround story in progress," Michael Kovacocy from Daiwa Institute of Research told CNBC. Kovacocy has a "buy" recomendations on the stock.

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Contact Europe: Economy

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