While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Shopify debuts a new network to help it compete with Amazon.Marketsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
The strong dollar story could be over for now, and that's putting a shine on the 'anti-dollar' trade—gold.Market Insiderread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs.Marketsread more
An Air Canada passenger traveling to Toronto from a weekend in Quebec City found herself stranded alone on the tarmac and in the dark, in what she described as a "nightmare."Airlinesread more
The new cut will likely draw thousands back to theaters and could finally push "Avengers: Endgame" above and beyond the record $2.78 billion "Avatar" has earned since its...Entertainmentread more
"I believe it would be wise to take additional time and allow events to unfold" before deciding on rates, the Dallas Fed official said in an essay.The Fedread more
The short-term outlook of many in the options market has veteran trader Pete Najarian holding the fewest number of trades in his career, he told CNBC on Wednesday.
"I have the smallest amount of equity in the options world that I've ever had since I've been trading," Najarian, co-founder of options trading hub Investitute, said on CNBC's "Halftime Report."
"It's difficult right now to find out where is the best place to place your money," Najarian added.
Najarian owns 11 options, all expiring in less than two weeks. He said he needs "to see the derivatives market deliver" before he adds anything else. The lack of clear options trading, especially as few have an outlook of more than a month, is keeping Najarian largely on the sidelines.
He pointed to the 2019 guidance from United Technologies in the company's latest earnings report as "interesting" because of the clarity from executives. That kind of forward looking clarity has become rare, he thinks.
"Everything's short term," Najarian said. "There's been about three months worth of people saying 'I can't figure [the next] six months out' ... they seem to be very short term."
The short term view traces back to the "when October hit," he said, as the market's contracting outlook has happened especially "in the last two months." He doesn't believe in the "January run" up in stocks, as Najarian said it's been "too much, too fast."
Najarian has been trading options professionally since 1992.