Fund managers take second look at indebted drillers

Last year, Toronto-based Sprott Asset Management’s energy fund sometimes had only 30 percent of its cash invested, as oil and gas stocks fell fast and furious. That’s changed. Heading into this year, the fund was effectively fully invested, portfolio manager Eric Nuttall said. “I really do think the risk has swung from being invested in energy stocks to not being ... Read More »

China slowdown won’t cause US recession: Evercore

Concerns about the stalling Chinese economy, which have punished stock prices around the world in 2016, won’t cause a U.S. recession, said Roger Altman, founder of investment banking advisory firmEvercore Partners. “The chances of a U.S. recession are quite low,” he told CNBC’s “Squawk Box,” citing internal Evercore odds of about 20 percent. “It’s not the likely scenario at all.” ... Read More »

IMF: We were right on China—here’s what’s next

Despite cutting its global growth forecast for the year, theInternational Monetary Fund doesn’t see China’s growth slowing in 2016 more than the IMF had predicted, its chief economist said Tuesday. The IMF held its 2016 growth target at 6.3 percent for China in its updated World Economic Outlook, which was released Tuesday. “In the advanced economies group, we do see ... Read More »

Cramer: Stock market gains won’t last

The U.S. stock market is poised for more pain despite a rise at the start of this week’s trading, CNBC’s Jim Cramer said Tuesday. “I think we’ll find that oil, which is in control, will go back down. There’s just too much; no reason for oil to rally. None,” Cramer said on “Squawk on the Street.” Crude oil prices bounced ... Read More »

David Katz is buying aggressively into sell-off

Value investor David Katz joined CNBC Pro for an exclusive interview to share his investment strategy for 2016. Katz, who manages $680 million at Matrix Asset Advisors, a New York-based investment firm he founded in 1986, thinks the recent market volatility has created opportunities in a group of stocks. “We’d be pretty aggressively buying into this weakness,” said Katz, who ... Read More »

Cramer: Will 2016 mark the return of a recession?

China can hurt the markets, and oil prices have become so low that there is a severe amount of stress in the credit market. But Jim Cramer thinks there is something bigger that triggered the sell-off on Friday. “Don’t kid yourself about what this sell-off is really about. It is about a recession, the potential for a recession and what ... Read More »

If Dow rebounds, these stocks will lead the way

After its worst two-week start to a year ever, the Dow Jones industrial average stands just below the key psychological level of 16,000. More important to the math geeks, the Dow is almost three standard deviations below its 50-day moving average, a condition it’s been in for just 0.6 percent of the trading days of the last 35 years, according ... Read More »

Early movers: BAC, MS, MCD, UNH, NFLX, YHOO, KORS & more

heck out which companies are making headlines before the bell: Bank of America — The banking giant reported mixed quarterly results, posting earnings per share of 28 cents on revenue of $19.5 billion. Analysts polled by Reuters were looking for 26 cents earnings per share on revenue of $19.86 billion. Bank of America’s stock rose about 1.8 percent following the ... Read More »

Dr Doom puts China’s GDP at closer to 4% as exports slow, debt bubble looms

China’s economy isn’t growing anywhere near as fast as official figures suggest, perma-bear Marc Faber, told CNBC on Tuesday. Speaking before the release of heavily anticipated Chinese growth figures for 2015, Faber, the publisher of The Gloom, Boom & Doom Report, put the country’s growth at about 4 percent, far from the 7 percent Beijing was aiming for, or the ... Read More »

Bear market battle plan: These trades still work

U.S. stocks are already into correction territory and BlackRock’s Larry Fink says the market could lose another 10 percent, which would put us officially in a bear market. So what if Fink is right? What do you do if we do fall another 10 percent into a bear market? We ran the numbers using Kensho, a market historical analysis tool, ... Read More »