CNBC’s Jim Cramer said Wednesday he believes there is “rabid money” interested in upcoming technology IPOs, but he urged young investors not to chase after DoorDash once the third-party delivery company goes public. “When people know the brand, the younger inventors just say, ‘You know what, get me some,'” Cramer said on “Squawk on the Street,” “DoorDash
Take a look at some of the biggest movers in the premarket: Campbell Soup (CPB) – The food maker reported quarterly profit of $1.02 per share, 11 cents a share above estimates. Revenue topped forecasts as well. Campbell also raised its quarterly dividend by 6% to 37 cents per share. The shares gained 1.5% in
It’s time to take a closer look at trust funds. You may be surprised to learn they serve a purpose beyond funding the lifestyles of young heirs. What Exactly Are Trust Funds? Trust funds are legal entities that may hold an assortment of assets, including cash, stocks, and other investments. These assets provide an income stream to
Ben Rains briefly recap the market’s strong November rally. The episode then explores three highly-ranked, growth-focused stocks that investors might want to consider buying as we head into December. (0:30) – The Stock Market’s Strong November (4:05) – Should Investors Consider Buying The Trade Desk? (11:10) – Yeti’s Strengths and Performance (18:45) – The Boston
Ideanomics (NASDAQ:IDEX) recently reported another loss in a string of losses. The problem? Frankly, its business model does not have enough upside — at least for the time being. As a result, IDEX stock is likely to keep cascading down after its recent runup. Source: Shutterstock But what does Ideanomics do? If you haven’t heard,
Since its last earnings report, Exxon Mobil (NYSE:XOM) stock is up 32%. That is great news for those long the stock, but the easy money in this bounce is ending. This is the point of today’s cautionary tale. My goal is not to discount the future prospects of such a successful company. I am merely saying
For decades, major energy firm BP (NYSE:BP) was known as a relatively stable company to invest in. Granted, the name did hit troubled waters with its 2010 oil spill in the Gulf of Mexico, but BP stock was able to recover and go back to business as usual. Source: Tommy Lee Walker / Shutterstock.com Then, soon
In remarks at the United Nations General Assembly on September 22, Chinese President Xi Jinping declared that China would achieve CO2 emissions neutrality by 2060 and that the country’s carbon emissions would peak “before 2030.” Source: Shutterstock To be sure, China has been enthusiastically pursuing its green-energy ambitions for many years already. But when President
Treasury Secretary Steven Mnuchin listens to a question during a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response” in the Rayburn House Office Building in Washington, December 2, 2020. Greg Nash | Pool | Reuters The decision by Treasury Secretary Steven Mnuchin not to extend the funding
Katrina Lake, co-founder and chief executive officer of Stitch Fix Inc. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines midday Tuesday: Stitch Fix — Shares of the clothing subscription service soared 45% after the company beat top and bottom-line estimates during its fiscal first-quarter results . Stitch Fix earned
Cree, Inc. (CREE) shares fell more than 2.5% during Monday’s session after Morgan Stanley downgraded the stock amid valuation concerns. Key Takeaways Cree shares fell more than 2.5% during Monday’s session after Morgan Stanley downgraded the stock on valuation concerns. Analyst Craig Hattenbach believes that the stock’s recent rally has created a high bar to
On Dec. 4, 2019, iBio (NYSEAMERICAN:IBIO) shares closed at 28 cents. That was after the stock gained 51% that day. Within eight trading sessions, IBIO stock was back to just 19 cents. Source: Shutterstock On Dec. 4, 2020, IBIO stock closed at $1.49. That close followed a much steeper decline from brief highs above $7
Exxon Mobil (NYSE:XOM) has made it more than clear it will do it what it takes to maintain its beefy dividend. That makes XOM stock a great bargain even after rising over 20% in the past month to $41.68 at the Dec. 7 market close. Source: Jonathan Weiss / Shutterstock.com Moreover, the stock has a
While investors in online sports betting platform DraftKings (NASDAQ:DKNG) have generally done well this year, there have been ups and downs. It has been a real roller coaster ride for long-term holders of DKNG stock. Source: Lori Butcher / Shutterstock.com DraftKings is an interesting company for traders because it’s involved in both e-gaming and sports betting.
In case you haven’t had your fill of special purpose acquisition companies or SPAC’s, here’s one more to add to your watch list. CIIG Merger (NASDAQ:CIIC) is a shell company that’s making a move into the electric vehicle space. Consequently, CIIC stock is a red-hot item nowadays. Specifically, CIIG announced that it has reached an agreement
Adam Jeffery | CNBC Wealthfront has named former Federal Deposit Insurance Corporation head Sheila Bair and ex-Comptroller of Currency Thomas Curry to an advisory group created to help the fintech firm push further into financial services, CNBC has learned. Bair is best known for steering the FDIC through the 2008 financial crisis, pushing back against
Take a look at some of the biggest movers in the premarket: Stitch Fix (SFIX) – Stitch Fix reported a quarterly profit of 9 cents per share, compared to consensus forecasts of a 20 cents per share loss. The online clothing styling company also reported better-than-expected revenue, and record sequential quarterly client additions. Separately, Stitch
There’s safety in numbers, the old saying goes, and when it comes to mutual fund investing, it’s not a bad principle. The largest mutual funds have trillions in assets under management (AUM), in addition to lower expense ratios, which may improve performance over time. In addition, the biggest mutual funds provide access to premiere money managers
Is Plug Power (NASDAQ:PLUG) topping out? Many times this year, PLUG stock has appeared to be peaking, only to continue heading higher as megatrends remain firmly on its side. Source: Shutterstock Yet, we may not see a repeat of this hydrogen-fuel-cell play’s blockbuster 2020 performance in the new year. Despite many red flags, Plug Power
Do you drive an electric car? Chances are that the answer is “no.” After all, only 2.1 million new electric vehicles were sold in 2019, amounting to a measly 3.3% of global new car sales. Basically, if you gathered 100 people into a room and asked each of them if they drive an electric car,