In October last year, Laszlo Birinyi, president of Birinyi Associates, cut back on his exposure to the energy sector, selling off energy ETFs and Exxon Mobil — and the stock is down about 2 percent since then. Heading into the new year, Birinyi shared his top five picks for 2011 with CNBC.
The US government sold off its remaining ownership of Citigroup, booking $12 billion in total profit and sending shares higher on Tuesday. Chris Kotowski, senior research analyst at Oppenheimer, tells CNBC why he's staying long on the stock.
Consumers may be loosening up their purse strings a tad this holiday, but bargain hunting is out of the picture. In fact, shoppers can expect plenty of promotions and discounts as retailers battle it out in the vital closing months of the year. Lower price-point gifts will play a role in luring customers in and guiding their purchase decisions.
The gift of corporate giving is tiptoeing back into the holiday scene this year, as companies add that special touch to client gifts—and doing so well in advance—to establish a more emotional connection with their customers.
Despite slightly better occupancies, the hotel industry is still feeling the effects of timid consumer confidence as travelers are booking much closer to the date of their stay, Jonathan Tisch, chairman and CEO of Loews, told CNBC on Thursday.
Children are wired up with cell phones, consoles, iPods, and computers as early as grade school these days, but this doesn’t mean all tradition is lost. The goal now is to seamlessly merge the old and the new, keeping kids interested with products that impart traditional play patters with flashes of the digital world.