Finance

Cashin: US could slip into a recession

Worried about the U.S. economy? UBS’ Art Cashin said you should be. “If corporations start to pull back and say ‘I don’t want to advance anything; I don’t want to hire anybody,’ we could slide into a recession,” Cashin told CNBC’s “Squawk Alley” on Tuesday. Earnings season unofficially began last week, with Alcoa posting mixed quarterly results. Since then, a ... Read More »

Someone is about to be proven very wrong on Apple

the past six months, shares of the tech giant have fallen more than 25 percent, badly underperforming the S&P 500. And on Tuesday, Apple shares dipped below $96. Meanwhile, analysts’ average price target on shares of the stock is $140, according to data provider FactSet. Some, like Goldman Sachs, see the stock even higher; that bank’s analyst has a price ... Read More »

Someone is about to be proven very wrong on Apple

Analysts and traders are extremely far apart on shares of Apple. Over the past six months, shares of the tech giant have fallen more than 25 percent, badly underperforming the S&P 500. And on Tuesday, Apple shares dipped below $96. Meanwhile, analysts’ average price target on shares of the stock is $140, according to data provider FactSet. Some, like Goldman ... Read More »

Why top investor Link likes low oil plays

Stephanie Link, managing director at TIAA-CREF, bought Carnival for her “Halftime Report” model portfolio on Tuesday. Carnival is a global travel company, which owns such brands as Carnival Cruise Line, Holland America Line and Princess Cruises. The company operates a fleet of over 100 ships. [“source -cncb”] Read More »

These stocks could see big moves out of earnings this week

After a tough start to the year, investors are eyeing company earnings reports as a potential catalyst to boost the already fragile market. And as the heart of the season gets underway, options traders are expecting some big moves from many of the stocks. High-flying Netflix, which is scheduled to report Tuesday after the closing bell, is projected to see ... Read More »

Investor sentiment sends the wrong message

Turmoil in the markets has investors worried for 2016. But the pain in the downturn could already be behind us, and there could be ways to capitalize. A survey of investors last week showed near-record low confidence in the market over the next six months, a sentiment that seemed vindicated Friday when the S&P 500 fell 2 percent to cap ... Read More »

How Netflix could reach $200 per share: Analyst

Netflix shares could nearly double in the next three to four years, Mark Mahaney, analyst at RBC Capital markets, told CNBC on Tuesday. “In terms of long-term valuation, the way we think about the stock is we think this is a company that can generate $10 [annual earnings per share] in long-term earnings power,” Mahaney said in an interview with ... Read More »

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 »

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 »