CNBC’s Jim Cramer on Friday downplayed the stock market decline on President Donald Trump testing positive for the coronavirus, suggesting investors may want to consider buying on pullbacks. “I’m not saying this is much to do about nothing,” Cramer said on “Squawk Box.” ”I am saying that people should have a buy list ready.” Stock futures were sharply
Getty Images Oil prices are expected to rise just slightly in the final quarter of the year, held back from further gains by a deep chill in global travel and a still healing economy. Analysts forecast the prices of Brent and West Texas Intermediate should rise to the low to mid-$40s per barrel, but they
On the first day of trading in the fourth quarter, the stock market got off to a strong start. More stimulus news drove some late day volatility, but it was a solid start to the quarter. With all of that in mind, let’s look at a few top stock trades ahead of the jobs report
As a tech reporter, I have a Mount Rushmore of the last decade’s biggest losers. These are leaders whose arrogance cost shareholders trillions in lost opportunity. One of them has to be Virginia Rometty of IBM (NYSE:IBM). By focusing on dividends and buybacks for IBM stock, Rometty missed the cloud. Source: Laborant / Shutterstock.com She
We’re in the midst of what’s being called the “tech wreck.” After running higher and leading the bull market since mid-April, technology stocks have pulled back in September as investors take profits and evaluate the potential for a second wave of Covid-19 as well as the upcoming presidential election. After rising 75% from a low
When it comes to investing, it helps to be a straight shooter (and a bit of an optimist). But let’s call it for what it is: FAANG stocks, Facebook (NASDAQ:FB) included, have not been doing very well lately. In fact, FB stock stock is down about 12% from its high about a month ago. Source:
Barry Sternlicht, Starwood Capital Group Chairman and CEO, speaking during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC Starwood’s Barry Sternlicht expects high flying technology stocks to fall from their heights if Former Vice President Joe Biden wins the 2020 election and Democrats take control of both chambers of Congress. ”Maybe long term, two,
U.S. House Speaker Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) speak to reporters after their coronavirus relief negotiations with Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows at the U.S. Capitol in Washington, U.S. August 7, 2020. Jonathan Ernst | Reuters The trading community is actively debating the
A help wanted sign is posted at a taco stand in Solana Beach, California. Mike Blake | Reuters Job growth in September was expected to have been less robust than August as some companies made layoffs permanent and others looked to trim costs. The September report, released Friday at 8:30 a.m. ET, is expected to show 800,000
Americans lose some $50 billion a year to financial fraud, according to the Stanford Center on Longevity’s Financial Security Division. If it ever happens to you or someone close to you, here’s what to do. Key Takeaways Financial scams cost Americans more than $50 billion a year. Contrary to popular belief, people who fall victim
When the U.S. Federal Reserve cut the rate to zero, investors that depended on safe, fixed income instruments suffered. The sharply lower bond yields and lack of return from cash forced retirees to invest in the stock market. And because most sectors rose sharply in the last year, dividend-income investors must contend with falling yields
Royal Caribbean’s (NYSE:RCL) ships are docked since March, but RCL stock is surprisingly up 34% in the past two months. There’s nothing to justify the increase at this point, with the company’s debt ballooning and a bleak outlook for the rest of the year. Therefore, it’s clear that RCL stock is overvalued at this point.
Out of 25 packaged food stocks with a market capitalization of more than $2 billion, Beyond Meat (NASDAQ:BYND) has the best performance in 2020, up 123% through Oct. 1 If you broaden the search to include all food-related companies — both consumer cyclical and consumer defensive — Beyond Meat still has the best performance year
CNBC’s Scott Wapner talks to Chamath Palihapitiya, Social Capital Founder and Chief Executive Officer during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC Outspoken technology investor Chamath Palihapitiya said Wednesday that the Federal Reserve will have more influence over the markets in the next four years than whomever takes the White House in November.
A pedestrian outside the New York Stock Exchange in New York, July 29, 2020. Wang Ying | Xinhua News Agency | Getty Images The October market story is really complicated. If you thought September was confusing, October is not likely to be any better, and it could be significantly rockier. That’s because the “buckets” that
Take a look at some of the biggest movers in the premarket: PepsiCo (PEP) – The snack and beverage giant reported quarterly profit of $1.66 per share, beating the consensus estimate of $1.49 a share. Revenue came in above estimates as well, boosted in part from increased snack purchases by homebound consumers. PepsiCo said it
Wednesday was a strong trading session for the bulls, until the last 90 minutes. Unfortunately, negative news regarding the stimulus bill triggered some selling — cutting into the day’s gains. That said, let’s look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: Micron (MU) Micron (NASDAQ:MU) beat on earnings but
Midstream energy player Kinder Morgan (NYSE:KMI) has a massive presence among North American natural gas pipeline operators. Because of the company’s size, there’s a safety factor that weighs in favor of long-term KMI stock holders. Source: Shutterstock Income seekers might view KMI stock as a fairly safe way to generate yield because of the stock’s generous
Is Plug Power (NASDAQ:PLUG) topping out? Or is this stock, one of the best performers of 2020, ready for another breakout? I’m going with the former. Sure, the future may still be bright for this “green wave stock.” But, with the “EV bubble” more so than its fundamentals driving this year’s epic run, expect said
By best estimates, we’re less than a month away from the launch date of the Apple (NASDAQ:AAPL) iPhone 12 — an event that will have a huge impact on AAPL stock. Source: ZorroGabriel / Shutterstock.com I recently shared with my readers why I think your best play for Apple may be after the iPhone reveal.