40-year veteran of Wall Street with an knack for market timing calls a bottom in stocks

The stock market has reached a bottom following a tumultuous 10 weeks that's seen the S&P 500 in and out of correction territory, Raymond James' Jeff Saut says. The U.S. economy is not going to slow as much as expected and earnings will be strong next quarter, he adds. The stock market has reached a bottom following a tumultuous 10 weeks that's seen the S&P 500 in and out of correction territory, longtime strategist Jeff Saut told CNBC on Thursday.

• 
  ‘People are underinvested,’ and they’re going to miss out, warns Wall Street vet

  MarketWatch
• Four experts weigh in on key market factors for 2019. Here's what you need to know

  CNBC

The U.S. Stock Market Is Officially in a Correction. And Financial Stocks Are Now in a Bear Market

The three major U.S. stock Indexes have all fallen more than 10% from their recent highs, enough to be considered a market correction. All three are in correction territory, having lost more than 10% during the past three months. Financial stocks, which are seen as a bellwether for other sectors, have fallen harder The S&P 500 Financial Sector Index, which tracks bank and financial services stocks in the S&P 500, closed down 1% Friday at $400.72.

• 
  Stocks plunge, Dow sheds more than 500 points

  Yahoo Finance
• 
  Wall St. tumbles on global growth worries, J&J decline

  Reuters

Rockwell's Moret leads firm past takeover attempt

With Emerson in the rearview mirror as the calendar turned, the pressure was on Moret and Rockwell to show those shareowners that it would emerge from the pursuit a stronger entity. Moret showed that strength in many facets throughout 2018, perhaps none more crucial than the company’s $1 billion June investment in Massachusetts-based software company PTC. Moret said the company’s information software business stands to more than double over the next few years because of the PTC investment and that the company won new business through the investment, including an agreement with Ford Motor Co.

Psychedelics, Ferraris and Art: An Alternative Investment Guide

With prospects for equities uncertain, Bloomberg canvassed wealthy investors and advisers to find unusual opportunities in 2019 open to those with big fortunes and a taste for the exotic. “The hedge funder’s new Ferrari” is not Italian, fast or even a car, according to financier-turned-art dealer Asher Edelman. Offering a guaranteed minimum price to those putting fine art on the block has become standard at top auction houses.

A few reasons California companies are making an exit for Texas

One of the things that struck me was that the study’s author – for the first time in his career – urged California businesses to relocate out of state. “Of all of the research reports that I’ve issued over the years, this is the first time I’m openly recommending that companies relocate out of California," wrote Joseph Vranich, president of Pennsylvania-based Spectrum Location Solutions LLC. “Admittedly, that is a rather brazen statement for a business-analysis document, but it is well justified.

10 Easy Ways to Make Extra Money in Retirement, According to a Business Coach

Do you want to make additional income in retirement? First though, a word of caution: If you’re already collecting Social Security, the amount you earn from these side jobs can potentially affect how much of your benefits are taxed. If your individual combined income is between $25,000 and $34,000, you may have to pay income tax on up to 50% of your benefits, whereas if your income is more than $34,000, then up to 85% of your benefits may be taxable.

• How to Leave Assets—With an Immediate Tax Write-Off

  Barrons.com
• What Is Taxable Income?

  U.S.News & World Report

Buying Johnson & Johnson won't hurt your portfolio, says ...

CNBC's Jim Cramer discusses the effect the sell-off is having on the larger market and whether there is a panic on the horizon.

• 
  After a hike next week, the Fed would be 'nuts to keep ti...

  CNBC Videos
• 
  Cramer's game plan: Bargains may not be enough to attract...

  CNBC Videos

These Are the Fastest Growing Jobs and Skills Gaps Nationwide

LinkedIn just published its U.S. Emerging Jobs Report for 2018, measuring the fastest growing jobs and skills nationwide. Banking off an economic boom, the takeaways from the professional social network’s latest report tout big numbers for wage growth matched by a strong job market. LinkedIn says the race to recruit highly-skilled talent is especially competitive going into 2019.

• 
  Blockchain Development is LinkedIn’s Biggest Growing Job Sector

  CCN
• 
  This is the top emerging job of 2018

  Yahoo Finance Video

What we know so far about the $1B campus Apple is planning at Robinson Ranch

Like an Apple Inc. commercial, hundreds of employees crammed stairwells and against railings at the technology company’s North Austin office on Thursday to hear first-hand the news the company announced in the middle of the night. Austin is already home to the largest Apple (Nasdaq: AAPL) office outside Cupertino, Calif. This expansion will significantly increase the importance of the Texas capital to the global operations of the second most-valuable company in the world, with a market capitalization of $809.6 billion on Thursday afternoon. Site preparation will begin in 2019 on the new site, about a mile away from Apple existing campus at 5501 W. Parmer Lane, said Kristina Raspe, Apple's vice president of real estate.

• 
  Apple to invest $1B in new Austin campus

  Fox Business Videos
• 
  Apple to Invest $1 Billion for Texas Expansion Plan

  Bloomberg

The Latest: SC gov: Merger deal 'best of a bad situation'

South Carolina Gov. Henry McMaster says state regulators did their best to resolve a mess in approving a merger between a troubled South Carolina utility and Virginia-based Dominion Energy. McMaster on Friday expressed confidence the South Carolina Public Service Commission "vigorously sought to make the best of a bad situation" in trying to determine how to deal with the fallout from last summer's abandonment of the construction of two new nuclear reactors. Commissioners voted Friday to OK Dominion's roughly $15 billion cash and stock bid to buy SCANA, the parent company of South Carolina Electric & Gas.

If we lose China, we lose the bull market, says Again Cap...

John Kilduff of Again Capital joins "Closing Bell" to discuss the slide in the energy sector led by oil stocks.

Boeing is hiring an intern for its 797 New Mid-market Airplane

Boeing is offering a top young U.S. engineer a dream 2019 internship opportunity: A job working on its New Mid-maket Airplane (NMA) program, which some call the 797. The engineering students would start on Boeing's developmental NMA airplane program sometime between January and April next year. The intern would "engage early in our development cycle on the production system of the future" and "interact directly with our company leaders to discuss strategy and the future of Boeing." The job posting comes at a pivotal time for the new airplane program and also as aerospace companies in the Puget Sound region are grappling with a talent shortage.

Suit claims YRC units overcharged U.S. Department of Defense

The federal government has sued units of YRC Worldwide Inc. for allegedly overbilling the Department of Defense by millions of dollars. The suit filed in U.S. District Court in Buffalo, N.Y., claims that the Overland Park-based trucking carrier (Nasdaq: YRCW) not only overbilled for a period of seven years. Prosecutors also allege that company officials made false statements to the government to conceal the overcharges.

• Federal lawsuit claims YRC Freight overcharged government

  Associated Press
• U.S. sues YRC Worldwide freight units, alleges overcharging

  Reuters

Wall St. CEO calls out men afraid to be alone with a female colleague in the #MeToo era

Long-time investment bank CEO Richard Handler, who’s led Jefferies (JEF) since 2001, called out men working on Wall Street who are afraid to be alone with a female colleague in the #MeToo era. “As calendar 2018 comes to a close, it’s not only the painful market volatility and collapsing asset values on our mind. The thing that vexes us is the thoughtless, paranoid and fundamentally wrong reaction that many people in our industry are expressing about the #MeToo movement and many other efforts to assure fairness and decency in the workplace,” Handler wrote in a firmwide memo.