Finance

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 »

Cashin: Others doing Fed’s tightening for it

Monetary policy in the U.S. will be tighter even if the Federal Reservedoes not raise interest rates this year, Art Cashin of UBS said Monday. “I have said again and again: I don’t think the Fed tightens anymore, but I think the other central banks are, in effect, tightening for them by bringing their rates down and raising the contrast ... Read More »

Herbalife, Ackman cleared by government probes: Report

  David A. Grogan | CNBC Bill Ackman at Delivering Alpha 2015 in New York on July 15, 2015. Shares of Herbalife started the week up more than 2 percent after it was recently reported by The Wall Street Journal that government investigations cleared the company of allegations of having a fraudulent business model. Probes by the FBI and the ... Read More »

This market isn’t done rallying yet: Technician

On Monday, the Nikkei rose 2 percent, closing near a one-month high, after the Bank of Japan’s decision to take interest rates into negative territory. And according to one technician, Japanese stocks aren’t done with their rally just yet. Craig Johnson of Piper Jaffray said that EWJ, the ETF that tracks Japanese stocks, is set up for a relief rally ... Read More »

The Trade: What February brings for markets

Getty Images Traders work on the floor of the New York Stock Exchange. January was a month to forget for investors due to a synchronized sell-off in stocks around the world. But as February comes around, the market’s uptrend may resume, if history is any guide. Using data from Kensho, a tool designed to quantify historical market events, CNBC Pro ... Read More »

BofAML contrarian indicator says market poised for 24% gain

Sentiment on Wall Street has gotten so bad that it’s good, at least according to one indicator with a high degree of accuracy. Investor optimism has continued to erode through the current correcting, with some gauges showing bearishness at multiyear highs. One in particular — the Bank of America Merrill Lynch Sell Side Indicator — puts sentiment “close to where ... Read More »

China the elephant in the room: Julius Baer CEO

Investor nerves over emerging markets and China – the “elephant in the room” – are resulting 25-30 percent holdings in cash at Swiss bankJulius Baer, the chief executive told CNBC Monday. CEO Boris Collardi said investors were looking to reduce their exposure to emerging market volatility such as that seen in China since the start of the year, with investors ... Read More »

Why oil could surge to $85 by year-end: Analyst

Depressed oil prices are likely to rally in the second half of the year —perhaps as high as $85 per barrel, energy analyst Michael Rothman said Monday. That said, he added any move higher won’t be a result of coordinated production cuts. West Texas Intermediate crude tumbled around 5 percent in late morning trade to under $32 per barrel, as ... Read More »

An industrial recession may be engulfing America

The U.S. economy may have an industrial-sized problem. In their earnings calls, several companies have warned of an industrial or manufacturing recession. And economic data appear to be lending additional credence to their concerns, given weak manufacturing activity in January and markedly slow durable goods orders in December. “We don’t have enough data to know” that the U.S. is heading ... Read More »