Finance

Here’s why today is an important day for the markets

This is an important day. It’s important we hold some gain, even a modest one. On Friday, the markets sank, but it’s not that they sank, it’s where they sank to. We ended essentially at the August lows (let’s not quibble about a few points here and there), which were the lows for last year. Inflection points Dow: 15,666 (August ... Read More »

Dollar strength posing a threat to company profits

As the thick of earnings season begins this week, be prepared to hear that the strong U.S. dollar is the culprit behind many disappointments. This will be a tough year for earnings partly due to continued dollar strength, said Steve Wood, chief market strategist at Russell Investments. The dollar index, which measures the greenback against a basket of global currencies, ... Read More »

Dollar strength posing a threat to company profits

As the thick of earnings season begins this week, be prepared to hear that the strong U.S. dollar is the culprit behind many disappointments. This will be a tough year for earnings partly due to continued dollar strength, said Steve Wood, chief market strategist at Russell Investments. The dollar index, which measures the greenback against a basket of global currencies, ... Read More »

Stay away from the oil sector: Jefferies analyst

Now is not the moment to get into the oil sector, according to one analyst. “I think it’s time to still stay away, I don’t think it’s time to get in yet,” Brad Handler, managing director of equity research at Jefferies, told CNBC’s “Power Lunch” on Monday. Oil prices were down about 4 percent Monday after a Saudi-Venezuela meeting over ... Read More »

Your first trade for Wednesday, February 10

The “Fast Money” traders delivered their final trades of the day. Tim Seymour was a seller of Barrick Gold. Steve Grasso was a buyer of the Utilities Select SPDR ETF. Brian Kelly was a seller of First Republic Bank, a name with exposure to Silicon Valley. Even though Disney shares fell in extended trading on earnings results, Guy Adami was ... Read More »

5 major revisions ahead of this week’s earnings

As we work through the final peak week for fourth-quarter earnings, it’s hard to describe the season as anything other than underwhelming, with many companies missing estimates on the top and bottom line as a number of macroeconomic concerns run rampant. Unfortunately, some highly anticipated tech companies reporting this week will not be the ones to turn this season around. ... Read More »

Cramer: Extreme valuations point to a recession

Jim Cramer likes to look at the market from all perspectives. That means listening to the fears of investors and interpreting what drastic valuations could mean for the future of stocks — not just what the charts like the VIX are indicating. “Take, for example, some of the extreme valuations of the market. And when I say extreme, I am ... Read More »

Only three rate increases this year: Goldman’s HatziusOnly,three,rate,increases,this,year:,Goldman’s,Hatzius

Fed Chair Janet Yellen is scheduled to appear before Congress on Wednesday, but ahead of that the Street was talking about what she will say. “She needs to walk a fairly fine line between not appearing like she’s completely ignoring the turmoil in the markets, but at the same time also indicate that she still expects expansion,” said Goldman Sachs’ ... Read More »

There’s a bigger worry than energy stocks

There’s no doubt that one of the biggest drivers of current market action is oil. The continued volatility in “black gold” has led to steep price declines in many of the stocks that rely on it, or products made from it. However, as bad as it’s been for the energy sector, weakness in two other places in the markets is ... Read More »

Why mini-boom for utilities is suspicious

Utilities, what’s wrong with this picture? Utilities are the best performers of the year, one of only two sectors in positive territory. The Dow Utilities are up about 7 percent, while telecom is up roughly 5 percent. The S&P 500, meanwhile is down about 9 percent. Some electric utilities have seen double-digit gains on the year: Chesapeake Utilities – 16 ... Read More »