Long-term investors should leave the sidelines and pick up stocks now, as shares in all companies look very cheap, Bill Knapp, Investment Strategist at MainStay Investments told CNBC.
Following are the “Fast & Furious” trades - hot ways to play tomorrow's market moving events.
Stocks popped like a champagne cork Tuesday as Wall Street breathed a gigantic sigh of relief that the presidential election — and the uncertainty that comes with it — is almost over.
Stocks staged an impressive Election Day rally as hopes for change lifted the market and Mastercard led gains by a raft of financial-related stocks.
Stocks staged an impressive Election Day rally as hopes for change lifted the market and MasterCard led gains by a raft of financial-related stocks.
Wall Street greeted the last day of a long presidential election campaign with enthusiasm, sending stocks up strongly off the market open as the nation chooses its new leader.
U.S. stocks had another wild swing in the final 15 minutes of trading that pumped up the Dow from a gain of about 50 points to nearly 200 points as traders largely shrugged off this morning's GDP report that showed the economy is shrinking.
U.S. stocks joined in the global rally Thursday despite this morning's report that the economy is shrinking.
Stocks jumped at the opening bell following better-than-expected reports on GDP and jobless claims even though the GDP reading indicated that the economy is likely in a recession.
Stocks got a bump from better-than-expected reports on GDP and jobless claims even though the GDP reading indicated that the economy is likely in a recession.
The wave of stock selloffs sweeping world markets may be partially caused by the fact that many governments increased guarantees for bank deposits, making them a much safer investment, Marc Faber, author of the "Gloom, Doom and Boom Report," told CNBC Monday.
Today's market washout will be a critical and historic step in getting the detritus out of the stock market, said Mohamed El-Erian, co-CEO of bond management titan Pimco.
The Dow closed lower on Wednesday as nervous investors found it difficult to muster enthusiasm ahead of the Senate’s vote on a revamped $700 billion rescue plan.
Robert Napoli, managing director at Piper Jaffray, has found a calm corner in the stormy financial sector. "We've been pointing clients away from the volatility of the credit risk and troubled assets to an area where we call 'financial technology,'" Napoli told CNBC.
Tech companies once dominated the U.S. IPO calendar -- but not anymore.
"[The] stock market: a loser across the board. It was a loser early, it stayed a loser and became a bigger loser as the day went on," Dylan summed up Thursday's trading with that one statement, as AIG and Wal-mart lead the Dow's one-day, 225-point dive. A few lone tech stocks were the only winners in an otherwise distressed market. Adding to the bearish environment was the morning's new jobless claim numbers, the highest reported in several months.
Coming back from a 90 point loss after a much worse than expected loss from Freddie Mac, the Dow rebounded as U.S. stocks hit a six-week high. The trend of health & personal care stocks doing well in this market continues.
Whether stocks add to Tuesday's heady gains or not will be determined in part by whether oil prices stay in a downtrend.
For the week ending Friday, July 25, 2008, the markets closed mixed for the week, on negative housing data, and mixed earnings results. An early rally in financial and airlines stocks, supported by the continued slide in oil prices, was quickly wiped away by ongoing uncertainty in the economy. The Dow dropped more than 280 points on Thursday, marking the worst one day point drop in over a month. However, Friday saw a slight rebound on strong durable goods and a bounce back in consumer sentiment. Only the Nasdaq finished slightly up 1.2% for the week. The Dow and S&P finished down 1.09% and 0.23%, respectively.
Stocks closed with huge gains as drop in oil prices boosted sectors previously battered by energy costs. Financials also moved sharply higher.