John Melloy was the executive producer of CNBC's "Fast Money" and the "Fast Money Halftime Report" until October 2013. Before returning to CNBC, he was chief executive officer of StockTwits.com, the leading social networking platform for stocks. He began his career at Bloomberg News in 1999 and rose to team leader of U.S. stock market coverage there before leaving for CNBC in 2006 to launch "Fast Money."
Microsoft shares are up a whopping 39% in the last 3 months, trouncing the whole market and the rest of tech. Has Bing provided the bang that Mr. Softee so desperately needed?
Clearly investors are worried about the appetite for Treasuries weakening, since so much of this comeback is riding on the government's continuing ability to spend.
One trend of this earnings season is late buyers swooping in to bid up shares in the final hour. If true this time around, this buying bodes well for the health of this comeback.
Investors with so many reasons to take profits (busiest week for earnings reports ahead, the release of bank stress tests, poor economic data) are clearly biased toward owning stocks.
Stocks recovered late yesterday in anticipation of Goldman's blowout numbers and now are off their lows today ahead of Intel's report after the bell.
Not only is profit taking the norm after a monster pop like we had Monday, but traders are seeing another good reason to sit this one out.
Among other mid-cap companies, JetBlue, Pilgrim's Pride and Mohawk Industries may cash in on economic trends, a fund manger said.
The 2015 holiday shopping season will cap off a much better retail year than most people are expecting, John Eyler said.
The National Retail Federation estimates holiday sales will be up 4.1 percent this year, compared with a 3.1-percent increase last year.
Stocks have tended to do remarkably well over the year's last five trading sessions.
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