Saudi Arabia has shut down half of its oil production after drones attacked the world's largest oil processing facility in the kingdom.Marketsread more
Yemen's Houthi rebels have claimed responsibility for the attacks, which created a huge fire at a processor essential to global energy supplies.Politicsread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Trailers have become a cult phenomenon. Even short teasers that reveal little about the plot of the upcoming film are headline-worthy. Blogs and forums have become devoted...Entertainmentread more
Thanks to the performance of Beyond Meat, investors who focus on venture-backed tech IPOs have done well this year despite some notable disappointments.Technologyread more
Software company Intuit, maker of tax helper TurboTax, is in its eleventh year of stock gains and up 36% this year.Investingread more
CNBC did a deep dive through the most recent Wall Street research to find stocks with upside potential.Marketsread more
There is an epic fight between the two major types of investors, which may determine whether the bull market can go on.
Raymond James explained how value investors, who strictly study fundamentals, and technical analysts, who only look at charts, see the world differently right now.
Market "battle lines are generally formed between those who practice more value-based fundamental analysis and those who practice price-based technical analysis," strategist Andrew Adams wrote in a note to clients Monday. "Both disciplines can obviously be used together, but most people in this business probably do lean either more one way or the other, hence the friendly friction between the two schools of thought."
Adams said fundamental value investors generally follow the philosophy of Columbia Business School professors Benjamin Graham and David Dodd, who wrote "Security Analysis" in 1934. He noted how Warren Buffett is the most famous "Graham & Dodd" believer.
These investors "treated stocks as the businesses they represented, and they endeavored to uncover situations where the price of shares in a company diverged from the true intrinsic value of its business," he wrote.
On the flip side, the traders that focus on stock charts to predict price movements look up to Robert Edwards and John Magee, who wrote "Technical Analysis of Stock Trends" in 1948.
Technicians "believe that stocks are just pieces of paper and the prices paid for them at any given time are the true 'values' of the companies," Adams said.
They "argue that the fundamentals don't make you any money unless the market agrees with your assessment of those fundamentals, and even if one's fundamental opinion is correct and the price moves to the intrinsic value, it will be reflected in the charts anyway so the technically inclined can take advantage of the move as well," he added.
S&P 500 one-year chart
The closed Friday 2.6 percent below its all-time high reached on Aug. 8.
Adams noted how the chart followers believe the current market uptrend "remains intact," while the value investors have "intensified their warnings" in recent weeks over the potential of a market correction.
"The Edwards & Magee crowd have most certainly won out over the last year, as the stock market has largely traded higher despite consistent calls from the Graham & Dodd contingent that the aggregate value of companies does not justify the current price level," Adams wrote.
"Other than an overheated market pausing to cool off, little has changed from just a couple weeks ago."