JeeYeon Park is a writer for CNBC.com.
Joy Global will face volatility in the short term but it is a buy-rated stock in the long term, said Charles Brady, analyst at BMO Capital Markets.
At this point, you look for any selective weakness in sectors that you want to be “long” in, advised Peter Sorrentino, senior portfolio manager of Huntington Asset Advisors.
Stocks snapped a four-day winning streak on Wednesday after a trio of weak economic reports tarnished the shine on recovery hopes. This morning's ADP jobs report showed U.S. private employers shed 532,000 jobs in May, fewer than the upwardly revised 545,000 jobs lost in April, but more than 520,000 expected. Experts commented on the above and more. Read and listen to what they had to say...(UPDATED)
Investors may have missed the big market rally, but there is still room to buy, said Scott Billeadeau, managing director of Fifth Third Asset Management and Larry Kantor, head of research at Barclays Capital.
Despite the market rally, portfolio manager Harry Rady of Rady Asset Management said he remains “more bearish than he’s ever been” and is continuing to take chips off the table. And Greg Olsen of Lenox Partners said he expects a pullback soon.
The high-quality dividend names are the way to go, said Bryan Piskorowski, managing director at Wells Fargo Advisors. And he offered a recommendation.
Stocks rebounded off a lower open on Tuesday after a report showed the sharpest jump in pending-home sales in 7 1/2 years.The major indexes kicked off the month with a 2-percent rally amid signs of strength from China’s manufacturing sector and relief that General Motors finally entered bankruptcy protection. Read and listen to what the pros had to say...
Vietnam is following China’s footsteps in terms of economic growth and they will produce great returns for investors in the next 10 years, said Rob Lutts, founder and CIO of Cabot Money Management.