Cramer: Fed could spark a long awaited rally

So far, this year has brought weak earnings, issues of valuation and stress in the oil patch. But unless the Federal Reserve provides clarity on where it stands with rate hikes this year, Jim Cramer said it is going to be very hard for the market to find a footing. “When you drill down, the proximate cause of much of ... 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 »

Oil lender: We assume $40 crude out to 2020

Cullen/Frost Bankers Chairman and CEO Dick Evans said Monday his stress test model looks for a $28 per barrel bottom for oil, and a historically low level of $40 per barrel out to 2020. Energy loans make up for over 15 percent of Cullen/Frost’s total loan portfolio, and 9.8 percent of them are now considered problem credit. That’s up around ... Read More »

Trade: Chesapeake woes may hit these stocks

A Chesapeake Energy drill site in Bradford County, Pennsylvania. Daniel Acker | Bloomberg | Getty Images Chesapeake Energy shares cratered in a matter of moments Monday on reports that the natural gas company had hired the services of restructuring attorneys, raising fears that debt-laden energy companies may finally succumb to pressure from falling oil and natural gas prices. Using analytics ... Read More »

Stock market got you down? Take a look at the alternatives

If you’re disappointed with your portfolio’s returns and are looking for other options, there are alternative investments. Literally. So-called alternative investments are generally defined as anything that falls outside traditional stock and bond investments and whose role is to potentially zig when the broader markets zag. The goal is to mitigate portfolio volatility, hedge against downsides and boost portfolio returns ... Read More »

The market needs to rethink the Fed: Merrill economist

The market has likely fallen behind the curve when it comes to anticipating the Federal Reserve’s pace of interest rate hikes this year, Bank of America Merrill Lynch senior economist Michael Hanson said Monday. That is particularly the case if the U.S. unemployment rate continues to fall, he said. On Friday, government data showed the unemployment rate ticked down from ... Read More »

First look at Sony’s half-baked concept devices

Only one of these devices is worth considering, but they wouldn’t let us past the demo mode. Similar Hardware & Accessories More MWC 2016 MWC 2016 Atheer offers enterprise-focused smart glasses with gesture tracking(1:55) MWC 2016 Hands-on: Epson’s new Moverio BT-300 smart glasses MWC 2016 AT&T’s vision for smart cities (4:22) MWC 2016 IoT will play a big role in ... Read More »

Don’t even try picking a bottom in these stocks: Trader

As chipmaker stocks sold off severely on Friday, one trader had some advice for those who may be looking for a bottom: Don’t be a hero. The S&P 500 semiconductor industry group has fallen almost 13 percent year to date. And according to Eddy Elfenbein of the Crossing Wall Street blog, investors shouldn’t expect a turnaround anytime soon. “It just ... Read More »

After-hours buzz: FOXA, YELP, GPS & more

Media giant 21st Century Fox saw shares dip after the closing bell Monday when an earnings call with executives revealed challenges to the company’s future growth. The Murdoch-run production company behind Fox Sports and Searchlight films reported quarterly earnings that met analyst expectations and revenue that fell slightly short of estimates. But in a conference call, the company’s leadership listed ... Read More »

America’s earnings recession deepens

Corporate America, we have a problem. The fourth quarter of 2015 looks to be the third straight quarter in which S&P 500 companies’ profits fell versus the year prior. This would be the first time this has happened since 2009 (when profits fell in Q1, Q2 and Q3). The official numbers aren’t out yet, since not every S&P 500 company ... Read More »