Sears opens its first Home & Life stores and plans to open more as it looks for a fresh start after bankruptcy.Retailread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
Facebook's founder Mark Zuckerberg has held talks with the Winklevoss twins, his old rivals, about the social media giant's developing digital currency, the Financial Times...Bitcoinread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
The markets have been very slow to recognize the very high stakes game that is playing out on the world stage today.Economyread more
May had failed to win a parliamentary majority on Britain's withdrawal from the European Union.Europe Politicsread more
Analyst Michael Olson says he has "a high degree of confidence" that Amazon shares can reach the level without "significant changes to the business."Investingread more
House Judiciary Committee Chairman Jerry Nadler says Mueller told the committee he would make his opening statement before the public.Politicsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
A downgrade from BMO analysts led to an unsavory drop in Chipotle's stock, and some analysts are advising waiting out the weakness.Trading Nationread more
The company is under pressure as shoe companies, like Nike, are bypassing retailers altogether by selling directly to their customers.Footwearread more
U.S. stocks traded higher on Wednesday afternoon amid better-than-expected economic data and a glimmer of optimism for a deal to be struck in Greece.
Two leading strategists remain cautiously optimistic ahead of Thursday's nonfarm payrolls report and the upcoming July 4 holiday.
John Traynor, chief investment officer, at People's United Wealth Management, told CNBC's "Power Lunch" Wednesday, that this week's market are a replay of the 'risk on, risk off' trading in the first half of the year.
Consequently, Traynor maintains a positive 'risk on' bias across all portfolios.
"We are overweight U.S. and international developed markets, underweight emerging markets, said Traynor
"While the Greek debt crisis is a tragedy for the Greek people it has actually increased our confidence in the rebound taking place in the Eurozone and in our overweight to those global developed markets."
Traynor's top stock pick is J.P. Morgan, which he said "will benefit from rising rates and the improving economy."
But fears of a low rate environment,Traynor is now underweight REITs, treasury bonds and utility stocks.
Darin Richards, chief investment officer, AKT Wealth Advisors, describes this week's selloff in equities as "unnerving" but remains optimistic on the global economy and reiterates his firm is not taking any defensive actions.
"We are overweight stocks relative to bonds in all of our models. Accommodative central banks and reasonable equity valuations provide a nice backdrop for solid equity returns," said Richards.
Currently, he is bullish on growth oriented companies, including consumer cyclical and technology, but remains underweight in the energy, utilities, materials, and financial sectors.
Ultimately, Richards thinks consumer spending will pick up enough in the second half of 2015 to provide support for the overall economy. Which is why he is boosting the firm's international exposure, particularly the emerging markets with a focus on Asia.
"Investors that don't flinch when stocks drop will be rewarded," said Richards.
CNBC's Jennet Chin and Brenda Hentschel contributed to this article