CNBC Stock Blog
- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Retail Earnings and Sales to Improve in Q4: Analyst
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- S&P at 1050-1200 Trading Range Next Year: Strategist
- Art Cashin: Caution 'Growing' in Financials, Dividend Moves
- 3 Software Stock Picks from Lazard's Senior Analyst
- Investors Bet on a New Year's Rally For eBay
- Why You Should Play the Reflation Trade: Stock Picker
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- Garlic Price Rises Surpass Gold, Stocks in China
- New-Home Sales Jump 6.2% To Highest Level in Over Year
- S&P Stocks Trading at New 52-Week Highs
- US Plans to Reduce Emissions By 17% Within Next Ten Years
- Judge Erases Couple's $525,000 Mortgage Payment
- The Executive Job Search
- Where Do Pardoned Turkeys Go?
- Salvation Army's Kettles Now Credit Card-Ready
- US Mint to Suspend American Eagle Gold 1-Ounce Coins
- Activision Prepares to Double Dip on ‘Modern Warfare 2’
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- AIG, Ex-CEO Greenberg Reach Pact to Settle Disputes
- Bank of America CEO Search May Extend Into 2010
- 'Cancer of Fraud' Permeates Health Care System: Critics
- US Mint to Suspend American Eagle Gold 1-Ounce Coins
- Judge Erases Couple's $525,000 Mortgage Payment
- For Many in US, It Will Be a Scaled-Down Holiday Season
- Where Do Pardoned Turkeys Go?
- Jobless Claims Below 500,000, Durable Orders Slip
- Activision Prepares to Double Dip on ‘Modern Warfare 2’
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CNBC News Associate
Fed Chairman Ben Bernanke testified in front of a House Committee Thursday that he did not put pressure on Bank of America to close the takeover of Merrill Lynch. Unemployment numbers released are showing a weak job market and GDP growth is still in a decline. Read and watch what the pros say...
Consumer Weakness Going Forward
"We have a negative view on consumption. We've had a negative view for months and we continue with that," said Clark Yingst, chief market strategist at Joseph Gunnar and Company.
"Last month's numbers on income and savings show that with the savings rate [a 15 year high] ... that we are not just in midst of a cyclical change in consumer spending but a secular change and if that's right, the slope of any recovery is going to be gradual," said Yingst.
Bigger Trends For Markets
"We are trying to focus on trends like tech, energy, emerging markets, areas that are least likely to disappoint with the growth they will produce," said Alec Young, equity strategist at Standard & Poor's.
"We want to focus on areas that will outgrow the overall economy," Young said. "We think China fits the bill, that's what really driving oil and commodities. And for technology, we think companies have to spend a certain amount for maintenance. Those are areas along with emerging markets that we want to say with."
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CNBC's Companies in the News:
Hertz [HTZ
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Bank of America [BAC
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Goldman Sachs [GS
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Google [GOOG
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