US New Home Sales Rise 2.3 Percent to 454,000 for April, Beating Expectations
Consumer Nation
Katie Little
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Although US stock markets opened strong on Monday on high hopes, reality set in as stocks descended into choppy trading later, said Art Cashin, director of floor operations for UBS Financial Services.
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Hewlett-Packard and Bank of America, two stocks that fallen sharply in recent days, present a "shocking parallel," said Jeffrey Sonnenfeld, senior associate dean of the Yale School of Management.
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In light of Hewlett Packard's announcement on Thursday to spin off its personal computer division, two analysts are divided over whether the tech company is a buy or a sell.
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The markets are plunging, and computers are to blame for much of today's selling, says Peter Costa, president of Empire Executions.
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During the past month, investors have overreacted to the downside in their trading of the financial sector, and now is the time to buy, says Robert Albertson, chief strategist at Sandler O'Neill.
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Placing a 30-percent probability on another recession occurring, one strategist said the most important issues for investors to consider are both U.S. and global economic growth and whether Europe is able to hold its debt situation together.
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As the three major U.S. stock indexes continue to rally following last week's stock roller-coaster ride, mergers and acquisitions will continue despite increased volatility, one analyst said.
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After almost three months of being on Rochdale Securities' sell list, Goldman Sachs was upgraded by Richard Bove to neutral from sell, who noted its stock is now selling below book value.
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Although Cisco recently announced plans to lay off 6,500 workers and hit a 52-week low on Wednesday, one analyst said now is the time to buy the technology stock.
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Although Wal-Mart's expansion of its Express stores represents a step in the right direction, persistent unemployment among its core consumer base and high gas prices continue to put pressure on its supercenters, according to a Stifel Nicolaus report.
Featured
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Lowe's and Target are just two of the big retailers reporting results this week.
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Despite the selloff of Best Buy shares Tuesday, there are early positive signs the turnaround efforts are working.
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To the creative, go the spoils. Hoping to boost sales, restaurants are launching a slew of innovative items.
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From waffle tacos to doughnut-bacon-and-egg sandwiches, restaurants pull out all the stops to capture your taste buds.
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Christina Cheddar Berk is editor of CNBC.com's Consumer Nation and chief trend spotter.
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Wal-Mart is making moves to cash in on its mobile strategy and it's using big data to do it.
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JC Penney said its credit line has been increased to $2.25 billion from $1.75 billion.
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Shares of Saks surge amid a report it has hired Goldman Sachs to explore strategic alternatives.