CNBC Stock Blog
- Portfolio Prep for Next Week: 'Don't Get Crazy'
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
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- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
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- 4 Food Stocks to Stuff in Your Portfolio: Analyst
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- US Shoppers Spent Less Over Black Friday: NRF
- UAE Stocks Tumble on Dubai Woes; Asia Rebounds
- Dubai's Nakheel Seeks Suspension $5.25 Billion in Bonds
- South Korea Sees Exports Bouncing, but Risks Remain
- Dubai is Harsh Reminder of Prolonged Global Recovery
- Japan Won't Intervene to Weaken Yen: Finance Minister
- Tiger Woods Accepts Full Blame for Car Crash
- Tiger Woods Wants to Protect Family Privacy: Agent
- Portfolio Prep for Next Week: 'Don't Get Crazy'
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- UAE Central Bank Stands by Banks Amid Dubai Crisis
- Dubai's Nakheel Seeks Suspension $5.25 Billion in Bonds
- US Shoppers Spent Less Over Black Friday: NRF
- US Senator Opposes Fed Chief Bernanke Renomination
- A Weak IPO Debut for Las Vegas Sands' Macau Unit
- US Treasury Wants Banks to Do More to Ease Mortgages
- Tiger Woods Accepts Full Blame for Car Crash
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Big US Banks May Be Forced to Raise Capital: Bove
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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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