Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread 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
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The market is already pricing in a corporate tax cut, which means there could be trouble if those cuts don't get done, expert Robert Luna told CNBC on Thursday.
President Donald Trump has promised to slash the corporate rate from 35 percent to 15 percent, while the House Republican plan calls for a 20 percent corporate rate.
"If that's something that doesn't get passed, I think watch out below. A 10 to 15 percent correction is definitely something we're preparing our clients for," the chief investment officer for Surevest Wealth Management said in an interview with "Closing Bell. "
Oliver Pursche, CEO of Bruderman Brothers, is also preparing his clients for such a move.
"The reality is that every day that passes, you get closer to a correction," he said. "That's OK because they're part of a natural cycle."
The market has soared since the election, but the rally took a pause on Thursday. For Luna, it's time to start looking at what to buy here and what to take off the table.
"Fear and greed are two of the most difficult emotions to judge in the market and I think we're getting to that point where you have to start looking at how greedy are people being. Valuations are a little bit stretched here," he said.
When it comes to what to buy, Luna said, "We're trying to find some industry-leading companies who maybe have been left out of this rally a little bit."
One name he's buying right now is Polaris, because of its good balance sheet and other "great things" going on with the company, he said.
Pursche would stay invested but reduce risk by focusing on high-quality balance dividends and stronger balance sheets.
"You reduce the risk by making sure that you are not using anything that's leveraged or that … is too volatile. So you pair down the volatility but not the level of investments," Pursche told "Closing Bell."
However, while the market was down on Thursday, it wasn't down "aggressively," CNBC market analyst Steve Grasso pointed out.
Because politics are "steering the ship right now," the controversy over Attorney General Jeff Sessions' contacts with Russia during the election is what sent stocks down, the director of institutional sales at Stuart Frankel said.
"A lot of these things are entry points where the momentum is still there on the side of the bulls," Grasso told "Closing Bell."
He thinks in the next couple of days after the headlines dissipate, "you'll see the bulls back in charge."
Michael Bapis, managing director of Hightower Bapis Group, is also "riding the wave of optimism" that's sweep the market recently, but he thinks it is earnings that will continue to push stocks higher.
"Are companies going to continue to grow their earnings? Are they going to continue to keep cash on hand? And are their balance sheets going to stay clean? We believe that they will," he said. "There may be a slight pullback but long term we're projecting earnings growth and market growth."