The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Financials are rallying after a one year downtrend.
On today's Halftime Report MKM Chief Market Technician, Jonathan Krinksy, discusses why financials should be on your radar.
Krinsky believes the uptrend in the financials could continue and we could see a breakout.
"If you're look at the performance over the last 6 weeks the financials are the third best performing sector. We're seeing rotation out of the high dividend yield sectors. The call here is that for the first time in about 12 or 16 months the financials are no longer in a down trend," he said.
So which financials are on his buy list?
"A couple of the regional banks, Regions Financials, Zions Bank,and J.P. Morgan look good here to us. Berkshire Hathaway is almost at a new high…as the breadth in the financial sector broadens out you can expand your buy list," Krinsky said.
While Trader Joe Terranova agrees with Krinsky's bullish call, he also thinks REITs are one thing to keep in mind when considering buying the financials. But, Jonathan Krinsky isn't so sure. He says the sector is a sell.He argues they are vulnerable and trade in tandem with the high-yield areas,such as staples and utilities, than with the financials.