President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread 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
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Credit Suisse is bullish on cyclical stocks, and retail and financials are two of its favorite spaces.
Retail and financial equities are part of a broader group of cyclical stocks Credit Suisse is overweight, which also includes transports, technology hardware and communications equipment. These groups have "deeply attractive" valuations and most of them outperform during times of tepid global economic growth, the bank's chief U.S. equity strategist said Tuesday.
The bank recently upgraded retail on the view that it is one of the cheapest groups in both the small and large cap spaces. Corporate earnings revisions for these stocks are also looking brighter, Credit Suisse's Lori Calvasina told CNBC's "Squawk Box."
"In the first half of the year, numbers were coming down. Sentiment around earnings was very lousy for this group," she said. "Something's actually changed over the last month. You basically hit critical lows and you're starting to bounce a little bit."
Banks are similarly "super cheap" and experiencing an earnings revision uptick, Calvasina said. Credit Suisse thinks all the bad news for the group is baked into stock prices and estimates for these equities are conservative even if the Federal Reserve doesn't raise interest rates, which would bolster banks' deposit-based businesses.
Financials, excluding real estate investment trusts, or REITs, are also poised to attract money that is flowing out of defensive dividend-yielding stocks, which have grown pricey as investors sought safe income-generating assets in a low-interest rate environment, according to Calvasina.
"I think as money rotates out of … these expensive dividend yield plays — things like staples, utilities, REITs — I think it's going to have to find a home somewhere. There aren't a lot of places to go," she said.
Calvasina said utilities stocks in particular are "unbelievably overvalued."