JeeYeon Park is a writer for CNBC.com.
The Dow jumped above 9,000 Thursday as investors shook off a rise in jobless claims and focused instead on encouraging earnings from Ford Motor and 3M. Additionally, existing-home sales rose for a third straight month, climbing 0.3 percent to a seasonally-adjusted rate of 4.89 million in June. Inventories fell 0.7 percent. Watch and listen to what the experts had to say...
Is this the right time to take risks or should you stick with the safer “best of breed” stocks? Kevin Caron, market strategist at Stifel Nicolaus, and Steve Grasso, market analyst at Stuart Frankel, shared their strategies — and their stock picks.
Technology is the only area where companies are beating revenue estimates and it is where investors should be positioned, said Mark Demos, portfolio manager at Fifth Third Asset Management.
Buoyed by better-than-expected earnings and cautious signs of optimism, technology stocks have outpaced the broader stock market in the first half of the year, and many experts say the industry will play an important role in leading the U.S. out of recession. David Lutz, managing director at Stifel Nicolaus Capital Markets and Jim Iuorio, director at TJM Institutional Services, weighed in on the best places to invest in the tech sector now.
Wells Fargo reported a record quarterly profit on Wednesday and Edward Najarian, head of bank research at ISI Group, shared his insights on the bank and its earnings results.
Stocks bounced back from a lower open Wednesday, but bank stocks skidded after two of Wall Street's biggest names issued disappointing earnings. Morgan Stanley and Wells Fargo both declined, even though the Wells numbers appeared to beat analyst estimates. Traders appeared to be focusing on the sustainability of the Wells numbers, while Morgan's loss was much broader than expectations. Another heavy earnings calendar will shape the market's day again. Read and listen to what the experts had to say...