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."
Strategists and investors are beginning to prep their clients and portfolios for the chance that the whole world slides into a recession at the same time. The worse news is that they can’t find much to do about it.
“Sixteen of the Dow 30 get more than 25 percent of their revenues from Europe," says one trader. "Something has to give because if 2008 taught us anything, it is that developed economies do not de-couple.”
The European credit crisis has gotten most of the blame for the stock selloff. But the plunge in copper prices signals the economic slowdown is hitting the U.S. and emerging markets, too, traders said.
Fed Chairman Ben Bernanke has been taking a lot of flack from politicians over his efforts to stimulate the economy. But now Congress is in the hot seat to fix the economy, analysts say.
Netflix may lose almost a third of its current subscribers after bungling the split of its DVD and streaming plans, according to a survey by research firm Frank N. Magid Associates.
“Nobody wants to IPO into this fiasco of a market,” says one strategist. “There’s just massive liquidity risk."
In a letter to clients Tuesday, Citigroup’s Global Head of Research Andrew Pitt announced a new ratings system to be used by all of the firm’s analysts globally. Stocks rated “hold” will now be called “neutral.”
Whether you are an investor based in New York, Rio de Janeiro or Paris, it doesn’t matter which stock you pick. They are all going in the same direction in virtual lockstep.
An analyst said rising risk aversion, a surging U.S. dollar, historical seasonal weakness and a climb in bonds could send the S&P 500 down as much as 21 percent from Friday’s close.
Fundstrat's Tom Lee recommends telecom stocks over utilities for the rest of the year.
The economy is growing at a much slower pace than expected, but some stocks have a history of thriving in such environments.
JPMorgan upgraded Dow Chemical to outperform, as global demand for the chemical company looked better than expected post-Brexit.
"Halftime Report" trader Jon Najarian bought Merrimack Pharmaceuticals for his CNBC PRO model portfolio.
Legendary technical analyst Louise Yamada joins CNBC PRO to detail her investment outlook and make her case for using charts.
Gabelli shares his views on what could be ahead for stocks following the U.K. vote to leave the European Union.
JPMorgan told clients to brace for a possible correction in U.S. stocks.