Finance

Strategist: Forget the dips—buy the craters!

If the days of “buying the dips” are over, it’s only because investors should be waiting for something much, much bigger, according to one strategist. In volatile markets, buying the dip is an investing strategy to purchase stocks at a discount when they fall, betting that prices will rise again. However, Nick Colas of Convergex said a much more fitting ... Read More »

Strategist: Forget the dips—buy the craters!

If the days of “buying the dips” are over, it’s only because investors should be waiting for something much, much bigger, according to one strategist. In volatile markets, buying the dip is an investing strategy to purchase stocks at a discount when they fall, betting that prices will rise again. However, Nick Colas of Convergex said a much more fitting ... Read More »

Kors shares jump as less bad is good enough

Shares of Michael Kors shot up more than 20 percent Tuesday, after the handbag maker reported sales and profits that easily topped Wall Street’s expectations during the holiday quarter. More importantly, despite aggressive promotions that permeated across the broader handbag sector, the affordable luxury maker also reported better-than-feared gross margins. Adam Jeffery | CNBC A Michael Kors retail store on ... Read More »

Kors shares jump as less bad is good enough

Shares of Michael Kors shot up more than 20 percent Tuesday, after the handbag maker reported sales and profits that easily topped Wall Street’s expectations during the holiday quarter. More importantly, despite aggressive promotions that permeated across the broader handbag sector, the affordable luxury maker also reported better-than-feared gross margins. Adam Jeffery | CNBC A Michael Kors retail store on ... Read More »

Cramer: BP is like playing oil ‘roulette’

BP investors might as well be playing in the casino, especially after its latest earnings report, CNBC’s Jim Cramer said Tuesday. “BP turns out to be a dice roll in oil. Who would have thought of that [CEO Bob] Dudley had put together a company that I thought wasn’t nearly as levered to the daily price of oil. Literally, that’s ... Read More »

Cramer: BP is like playing oil ‘roulette’

BP investors might as well be playing in the casino, especially after its latest earnings report, CNBC’s Jim Cramer said Tuesday. “BP turns out to be a dice roll in oil. Who would have thought of that [CEO Bob] Dudley had put together a company that I thought wasn’t nearly as levered to the daily price of oil. Literally, that’s ... Read More »

Cramer: Fed controls the presidential elections

Jim Cramer knows that the U.S. central bank is supposed to be separate from politics. But on the night of the Iowa caucus, where two extremist candidates are poised to do well, he had to acknowledge the connection between these two subjects. The fact is that the Fedreally matters. Not just in terms of monetary policies and the economy but ... Read More »

Expect M&A from all big oil firms: Evercore’s Terreson

When it comes to dealmaking among big, integrated oil companies, it’s not a question of who will do deals this year, but when, according to top-rated energy analyst Doug Terreson of Evercore ISI. Mergers and acquisitions activity in the U.S. energy patch fell to a five-year low in the final quarter of 2015 as oil and gas companies preserved cash ... Read More »

After-hours buzz: GOOGL, LNKD, MAT, AIG & more

  Spencer Platt | Getty Images NYSE Trader Check out the companies making headlines after the bell Monday: Shares of technology giant Alphabet climbed after the bell Monday, ballooning its market capitalization to $570 billion to unofficially surpass Apple as the world’s largest company. The technology giantposted quarterly earnings that beat analysts estimates by a wide margin, with earnings per ... Read More »

Hated market has 97% chance to rally: Citi

Hatred of the U.S. stock market is near levels last seen during the financial crisis, according to a Wall Street sentiment measure. And that, ironically, increases the chances the selling is almost over. Citi Research strategist Tobias Levkovich said his time-tested sentiment model shows there is a 97 percent chance of market gains over the next 12 months. This probability ... Read More »