An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
President Donald Trump signaled Iran is not telling the truth about the drone attacks on Saudi Arabia's largest oil facilities.Oilread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
U.S. Secretary of Energy Rick Perry spoke to CNBC's "Squawk on the Street" on Monday following a series of drone attacks on Saudi Arabia's oil facilities caused the largest...Oilread more
Perry says it's too soon to say whether the U.S. will need to use its emergency crude reserves to offset the surge in oil prices.Oilread more
An extended Saudi oil outage could push Brent crude prices north of $75 per barrel, Goldman Sachs warned clients.Marketsread more
As investors worry about oil supply, airline and cruise ship stocks are getting hit, while some energy stocks are shooting upward.Marketsread more
Consumers in the U.S. prefer Apple's more expensive models, while the standard iPhone 11 appears to be more attractive to buyers in China, according to analyst Ming-Chi Kuo.Technologyread more
The Times updated an article detailing a previously unreported accusation against Supreme Court Justice Kavanaugh from when he was a Yale University student, noting that "the...Politicsread more
With the tech-heavy Nasdaq Composite Index closing in on 5,000, a level it hasn't seen since its peak in 2000, some investors are wondering if it's time to get into technology, or pull out.
For Burns McKinney, portfolio manager at NFJ Investment Group, there are two reasons to be bullish on tech.
The first is that tech is trading at a discount to its long-term averages, unlike the , which is trading at a premium, he told CNBC.
"The technology stocks on a P/E [price-earnings] multiple basis trade at about a 20 percent discount to their 15-year averages," McKinney said Wednesday in an interview with "Power Lunch."
Plus, he said tech accounts for more dividends paid than any other sector in the S&P 500 and the payout rations still remain fairly low.
"Not only have they been growing dividends by the greatest amount but they also have the ability to grow those payouts more than any other sector," McKinney said.
Kevin Mahn, president and chief investment officer of Hennion & Walsh Asset Management, is bearish on the large-cap Nasdaq 100, specifically information technology, consumer discretionary and health care, which he said will hold the index back.
That's because research shows the last time the Federal Reserve gradually raised interest rates back in 2004 to 2006, those were the worst performing sectors, he said.
"While this time may be different, there may be better places to put your money than in the Nasdaq 100 index," Mahn said.
Instead, he'd put his money into REITs, or real estate investment trusts, because those were up on average of 24.5 percent during 2004-06.
"If you look past mortgage-related RIETS and you look to other areas of the REIT markets that could benefit from a slowly improving economy, it's hard not to make a good, convincing argument to consider REITs for your portfolio," Mahn said.