CNBC.com's News Now: What Pullback? Stock Rally Still Has Legs, Strategists Believe

Click here to view today's newsletter on your mobile device. Monday, May. 04, 2009     DOW 8426.74 214.33 +2.61%   NASDAQ 1763.56 44.36 +2.58%   S&P 907.24 29.72 +3.39%       NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV CNBC PLUS     WHAT YOU SHOULD KNOW Stocks Close Up on Strong Economic Signs Stocks continued their march higher Monday, kicking off the first full week of May on a solidly positive note that was spurred by positive economic signs and a strength in banks before the release of stress test results... »read more Stress Tests: Banks Claim They Have Enough Capital The largest US banks made their case to regulators Monday that they have the financial firepower to withstand a deeper recession, as Bank of America denied a report it was trying to raise $10 billion... »read more Obama Takes First Step in Broad Overhaul of Taxes President Barack Obama's move to curb overseas tax havens and job outsourcing was his first major proposal in what promises to be a broad overhaul of the U.S. tax system... »read more TODAY'S TOP 5 VIDEOS 1. Buffett Speaks   Warren Buffett, Chairman and CEO of Berkshire Hathaway, tells CNBC's Becky Quick he has both concern and optimism about the future. 2. Pepsi Bottling Rejects Pepsi Bid  The Pepsi Bottling Group rejected a bid from Pepsi, and CNBC's David Faber has the details. 3. Obama's New Tax Provisions   President Barack Obama proposes changing provisions in the tax code that he says encourage U.S. companies to move jobs overseas, as part of a broader package aimed at saving $210 billion over 10 years. 4. Inside Take on the Banks   Insight on the bank stress tests, with William Gross, PIMCO; Ron Kruszewski, Stifel Financial; Jon Evans, Atlantic Central Bankers Bank; and CNBC's Erin Burnett. 5. Stop Trading, Listen to Cramer!  Mad Money host Jim Cramer shares his stock picks with CNBC's Erin Burnett       TODAY'S TOP BLOG   What Pullback? Stock Rally Still Has Legs, Strategists Believe Stock strategists are still seeing up arrows when it comes to this market. One of the hottest debates on the Street these past three or four weeks is how much further the bull can run before it runs out of steam. Many traders believe a pullback is inevitable and for some, this week is as good as any for that to happen, given recent low volume of trading. But several strategists say in notes that they see stocks still moving higher. »See All CNBC.com Blogs     FIRST IN BUSINESS WORLDWIDE     (c)2009 CNBC Inc. All Rights Reserved 900 Sylvan Englewood Cliffs, NJ 07632

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