Following are the day’s biggest winners and losers. Find out why shares of Barrick Gold and Research In Motion popped while Mastercard and Teva Pharma dropped. Read More
Stocks have given up all of yesterday’s strong gains now. The markets drifted lower into the early afternoon as the dollar flirted with its own session highs. Then, as the S&P 500 fell below its Wednesday close of 1,042 (which was a 3-week low), the markets took another move lower. A notable increase in volume of the S&P 500 SPDRs was also seen by traders as the S&P fell below this support level. Read More
Nearly 80 percent of S&P companies have beat earnings expectations—is this due to low earnings estimates or is it a sign that the recovery is real? Michael Cuggino, president and portfolio manager at Permanent Portfolio Funds, and Tyler Dann, senior research analyst at Invesco Aim, shared their ideas. Read More
Railroad company CSX releases its third-quarter earnings Tuesday, but Donald Broughton, transportation analyst at Avondale Partners, said he wouldn't buy into the company at its current levels because of lower volumes and pricing risks associated with railroads. Read More
With the prospect of higher unemployment hanging over the markets, some experts expect a correction. So are they right? Portfolio managers Michael Cuggino and John Lekas shared their insights. Read More
Small cap stocks outperformed large caps this quarter, but what's the best bet going forward? Two portfolio managers Michael Cuggino of Permanent Portfolio Funds and Bill McVail of Turner Small Growth Fund shared their market insights. Read More
Stocks are taking a breather today, but the direction of the Dow toward 10,000 continues. How long will it be before the level is broken and what will that mean for stocks going forward? Craig Peckham, equity trading strategist at Jeffries & Co. and Michael Cuggino, president and portfolio manager at Permanent Portfolio Funds shared their insights. Read More