Some Wall Street analysts are betting that the rollout of 5G iPhones from Apple will result in record sales in 2021, eclipsing the 200 million-plus unit mark set in 2015-2016 when larger screens were introduced. David Paul Morris | Bloomberg | Getty Images Signs of a pricey stock market are …
Read More »VMware commits to closing workforce gender gap by 2030
VMware has committed to achieving gender parity as part of its list of goals to reach this decade, COO Sanjay Poonen told CNBC’s Jim Cramer Monday. The cloud computing and virtualization software company has laid out 30 goals to meet by 2030, and addressing the makeup of the workforce is …
Read More »Electric-vehicle SPAC sell-off is a ‘sign of health,’ Jim Cramer says
CNBC’s Jim Cramer on Monday identified a handful of SPAC plays that investors could buy as their stocks decline from a hot run closing out 2020. “The electric-vehicle SPAC plays got incredibly overheated late last year, so when you see them cooling off like they did today … it’s actually …
Read More »Jim Cramer reveals his 10 investment themes for 2021
Wall Street on Monday labored through a tough day to open the new trading year, which prompted CNBC’s Jim Cramer to break down the top investing themes he’ll be watching in 2021. Investors should keep secular trends in mind because they are the best ways to approach a marketwide sell-off, …
Read More »Quantumscape, Tesla, Boeing, McDonald’s & more
Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Liesa Johannssen-Koppitz | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Quantumscape — Shares of the battery company slid …
Read More »Chinese electric car start-up Nio doubles deliveries as Tesla competition rises
A Nio ES6 electric vehicle is on display at an automotive experience area of Wanda Plaza on Nov. 28, 2020 in Beijing, China. VCG | Visual China Group | Getty Images BEIJING — China’s homegrown Tesla rivals are racking up sales in the world’s largest auto market. Electric car start-ups …
Read More »Gene Munster says Apple’s stock has a path to $3 trillion market cap
Tech investor Gene Munster told CNBC on Thursday he sees a reasonable path for Apple to reach a $3 trillion market capitalization in the future. The iPhone maker became the first publicly traded U.S. company to reach a $2 trillion market cap in August — a milestone Munster foresaw in …
Read More »Exxon Mobil, Tribune Publishing, Apple, Tesla & more
Check out the companies making headlines before the bell: Exxon Mobil – The energy giant will write down the value of its assets by up to $20 billion for the fourth quarter, mostly related to its natural gas assets. Exxon is, however, seeing a benefit this quarter from higher oil prices …
Read More »AstraZeneca, Intel, Caterpillar, Alibaba & more
Check out the companies making headlines before the bell: AstraZeneca – Britain became the first country to approve the drug maker’s Covid-19 vaccine, setting the stage for a rollout of millions of doses. The vaccine is not yet approved in the U.S., with the FDA still to review large-scale trials. The …
Read More »Snap, Boeing, Alibaba, Lemonade & more
Check out the companies making headlines in midday trading. Ormat Technologies — Shares of the alternative energy company advanced more than 4% after Bank of America initiated coverage on the stock with a buy rating and $96 target, according to FactSet. The stock rose to an all-time high on the …
Read More »Boeing, SAP, Lemonade, Alibaba & more
Check out the companies making headlines before the bell: SAP – The German business software company’s stock is moving higher after it announced its Qualtrics unit has filed to go public. Qualtrics – which specializes in customer relationship software – is expected to be valued at $12 billion or more, compared …
Read More »Nikola, Weibo, DoorDash & more
Nikola Corporation rang the Nasdaq Closing Bell remotely from across the world. Source: The Nasdaq Check out the companies making headlines midday on Monday: Nikola — Shares of the electric-vehicle maker rose nearly 6% after a JPMorgan analyst said he sees a “less drama-filled” news flow for the company in …
Read More »Equities likely to grow, but finding yield remains difficult
krisanapong detraphiphat | Moment | Getty Images Bottom-scraping interest rates in 2020 were a major factor fueling a stock market that, after plummeting in March from the pandemic, rallied to post a banner year. Low interest rates also vexed investors seeking yield from bonds purchased to diversify portfolios and reduce …
Read More »Stocks making the biggest moves premarket: Alibaba, AT&T, AstraZeneca, DoorDash, others
These are the stocks posting the largest moves before the bell.
Read More »Apple, Alibaba, Nikola, Macy’s & more
Check out the companies making headlines in midday trading. Nikola — Shares of the electric vehicle company shed more than 3% as the stock continued its slide after the announcement of the end of a garbage truck development deal with Republic Services. The stock lost 10.7% on Wednesday. Wedbush Securities …
Read More »Trump threatens to derail US stimulus
LONDON — European markets are set to open mostly lower on Wednesday, as investors react to President Donald Trump’s disapproval of a long-delayed U.S. coronavirus stimulus package. Britain’s FTSE 100 is seen falling 25 points to 6,432, Germany’s DAX off by 47 points at 13,375 and France’s CAC down 16 …
Read More »‘We’re in a perfect spot’
The Container Store has named a replacement for outgoing CEO Melissa Reiff, who told CNBC’s Jim Cramer Tuesday that she is optimistic about the transition. Satish Malhotra, a veteran executive of personal care retailer Sephora, is set to begin leading the storage and organization products retailer, come February. “There’s never …
Read More »Coronavirus sped up digital transformation by 6 years, Twilio CEO says
When the coronavirus pandemic limited face-to-face interactions earlier this year, companies, governments and other organizations adapted to the new normal by transitioning many activities online. The transition, a part of the digital transformation that has played out over the years, was a boon for companies like cloud messaging provider Twilio, …
Read More »‘The upside could be enormous’
CNBC’s Jim Cramer on Tuesday reacted to rumors that Apple could be laying day a path to get into the car business, saying Apple stock should be owned simply for its existing catalog of technology products. “An electric vehicle merely gives you one more reason to own Apple, not trade …
Read More »Peloton, Apple, IAC, CarMax and more
A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Peloton — The exercise equipment stock …
Read More »New coronavirus strain weighs on sentiment
LONDON — European shares are set to open slightly higher Tuesday, attempting to recover from a brutal sell-off in the previous session, as investors sentiment was shaken by a new coronavirus strain in the U.K. Britain’s FTSE 100 is set to open barely above the flatline at 6,420, Germany’s DAX …
Read More »Thor Industries eyes southern expansion, new products with Tiffin deal
Thor Industries CEO Bob Martin on Monday told CNBC that the company is looking to develop new products and expand its business after purchasing Tiffin Motorhomes in a $300 million deal. The acquisition gives Thor, a recreational vehicle maker based in Indiana, a manufacturer of high-end motorhomes based in Alabama …
Read More »Buying opportunities come at the moment of maximum panic
CNBC’s Jim Cramer on Monday broke down his long-trusted playbook to game the market on volatile days for stock trading. Equities on Wall Street spent the early part of the trading day in the red, coming under pressure as investors worried over new revelations about the coronavirus outbreak in the …
Read More »Robinhood CEO says SEC charges ‘don’t reflect Robinhood today’
Robinhood CEO Vlad Tenev on Monday responded to claims that the stock trading company deceived customers about its money making tactics, which led it to a $65 million settlement with the Securities and Exchange Commission last week. In an appearance on CNBC’s “Mad Money,” Tenev said Robinhood, which is privately …
Read More »Wall Street makes a big S&P 500 call for 2021. History says ignore it
Wall Street analysts could not have predicted that a new strain of the coronavirus detected in the U.K. and South Africa would lead to the S&P 500 tanking in pre-market future trading on Monday, even as the U.S. government reached a long-awaited second Covid-19 stimulus deal. It’s tough to see …
Read More »Jay Leno reveals what he thinks is the genius behind Elon Musk, Tesla
Jay Leno said he thinks the genius of Tesla’s CEO Elon Musk is that “he was building the infrastructure as he was building the vehicle.” “Even today, a lot of the major manufacturers build an electric car, but, oh, where do you charge it?” Leno told the “The News with …
Read More »More upside after Tesla’s S&P 500 welcome
The pandemic took a backseat to Tesla on the stock market Friday as traders exchanged shares ahead of its upcoming debut on the market benchmark index, CNBC’s Jim Cramer said Friday. Trade in Tesla, the poster child of high-flying tech stocks in 2020, put pressure on the rest of the …
Read More »XL Fleet EV stock ‘could be a steal’ after blank-check merger
CNBC’s Jim Cramer on Friday gave his assessment on XL Fleet, the commercial and municipal fleet electrification supplier that’s expected to go public next week via blank-check merger. XL Fleet, founded in 2009 to tap into the emerging electric vehicle economy, is being targeted by a special purpose acquisition company …
Read More »Cloudflare CEO says ‘zero-trust’ structure is answer to government hack
Cloudflare CEO Matthew Prince on Friday commented on the cyberattack on the federal government that was revealed earlier this week. In an appearance on CNBC’s “Mad Money,” the chief executive of the cloud cybersecurity provider said it’s one reason his company is shifting towards what he called a “zero-trust architecture” …
Read More »Tesla jumps 6% in heavy volume ahead of S&P 500 entry, stock then falls a bit in after hours
People wearing face masks are seen inside a Tesla showroom at a shopping mall in Wuhan, Hubei province, the epicentre of China’s coronavirus disease (COVID-19) outbreak, March 30, 2020. Aly Song | Reuters Shares of Tesla traded more than four times their 30-day average volume on Friday as passive funds …
Read More »Tesla, FedEx, Airbnb, Winnebago & more
Check out the companies making headlines in midday trading. Tesla — Shares of the electric vehicle company jumped more than 1% to a new all-time high ahead of Tesla’s inclusion in the S&P 500. The stock will be added to the benchmark index before the opening bell on Monday based …
Read More »At Home CEO says retailer can increase its store count almost threefold
At Home CEO Lee Bird on Thursday told CNBC’s Jim Cramer that business has grown exponentially during the pandemic and that the company has expansion plans on the horizon. While the home decor superstore invests in building out its digital presence, the company continues to see opportunity in physical stores, …
Read More »Jim Cramer says Accenture, Lennar earnings are why it’s tough to be bearish
CNBC’s Jim Cramer, after reviewing quarterly reports from Accenture consulting and Lennar home construction on Thursday, said it’s difficult to be a bearish investor in the current market environment. Both company’s shares rose about 7% during the session after posting solid beats on the revenue and profit lines, but the …
Read More »FedEx, United States Steel, Scholastic & more
Check out the companies making headlines in after hours trading. FedEx — Shares of the shipper slid more than 3% in after hours trading despite FedEx beating top and bottom line estimates during the second quarter. For the period the company earned $4.83 excluding items, on $20.56 billion in revenue. …
Read More »Pent-up demand will boost airline stocks in 2021 and beyond: Trader
It’s no secret airlines have had an unprecedently bad year. JPMorgan expects the pain to continue for some companies, with analysts double downgrading shares of JetBlue, Spirit and United Airlines to underweight from overweight on Wednesday on overvaluation concerns. The firm maintained its overweight ratings on Delta, Alaska Airlines and …
Read More »MP Materials CEO on being a ‘picks-and-shovels play’ for EV market
MP Materials CEO James Litinsky appeared on CNBC Wednesday, addressing confusion about the rare earth products the company provides in the electric vehicle space. The mining company, which owns the Mountain Pass open-pit mine in southeastern California, supplies rare earth magnets to electric vehicle makers, but the magnets are not for …
Read More »‘As long as we have doubters, we can rally’
CNBC’s Jim Cramer on Wednesday said the stock market is full of pessimism, creating an opportune moment for investors. “Fairly or unfairly, this is a great moment for the stock market,” the “Mad Money” host said. “The promised land is right there. We’ve still got to get through the worst …
Read More »Boeing CEO dismisses idea that company will turn to a massive stock sale to knock down debt
Boeing CEO David Calhoun on CNBC Wednesday shot down speculation that the company could turn to a massive stock sale to knock off debt from its balance sheet. In a note Tuesday, Morgan Stanley said that the airplane manufacturer could raise between $20 billion and $30 billion, an assessment that …
Read More »Stocks making the biggest moves after the bell: Roku, Amgen & more
Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell Wednesday: Herman Miller — Shares of the office furniture company rose 0.8% in the back of better-than-expected earnings. Herman Miller reported earnings per share of 89 cents, topping a FactSet estimate of 56 cents per …
Read More »‘Bitcoin family’s’ investment nearly triples as bitcoin price reaches 20K
In the Dutch town of Venray, Didi Taihuttu decided to make his first big gamble on bitcoin. In early 2017, the father of three searched every corner of his five-bedroom house, gathering the family’s supply of gold jewelry and trinkets. Taihuttu had a hunch that it was time to swap …
Read More »Federal Reserve December statement: Here’s what changed
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policy-making meeting on Nov. 5. Text removed from the November statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement …
Read More »Lululemon CEO expects digital growth momentum to continue post pandemic
Lululemon Athletica CEO Calvin McDonald in an appearance on CNBC Tuesday said he does not expect the company’s sales momentum to slow down with the arrival of Covid-19 vaccines “We don’t see any dramatic impact in the reduction of the momentum in the business … there are a lot of …
Read More »Investors are powering the December rally with conflicting bets
With the so-called “Santa Claus rally” in mid-swing, CNBC’s Jim Cramer on Tuesday said investors are making conflicting bets on stocks in contrast to December rallies in years past. The stock market tends to rally in December heading into the Christmas holiday, but the 2020 year-end increase is being powered …
Read More »Apple, Baidu, Chewy and more
The Apple iPhone 12 Pro Max is unveiled during a virtual product launch. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Apple — Apple shares rose more than 3% after Nikkei reported the tech giant will ramp up its iPhone production by …
Read More »Goldman Sachs CEO David Solomon on market euphoria and recent IPOs
Goldman Sachs Chairman and CEO David Solomon told CNBC on Tuesday that he’s concerned about the intense demand from retail investors in recent initial public offerings. “I do think we’re in a moment in time where there’s a lot of euphoria. I personally am concerned about that,” Solomon said on …
Read More »How much 5% invested in Tesla would’ve earned for index fund investor
The index fund has thoroughly disrupted the role of active stock pickers in the market, but in an era of accelerating disruptive business models across sectors of the economy, stocks like Tesla remind investors that they still need to make some conviction bets to generate above-average returns. Tesla will begin …
Read More »Casinos should have a huge year in 2021, Jim Cramer says
Casino stocks are rallying as investors anticipate a rebound in travel and less rocky trade relations between the U.S. and China in the upcoming year, CNBC’s Jim Cramer said. The U.S. earlier Monday began inoculating citizens with a Covid-19 vaccine authorized by federal regulators for emergency use, which officials hope …
Read More »‘Lockdown is where we’re headed’
The stay-at-home trade has returned to Wall Street despite the U.S. launching its Covid-19 vaccination campaign, revealing some insight into how investors gauge the economic bounce back in the near term, CNBC’s Jim Cramer said Monday. “The recovery stocks are handing the baton back to the lockdown winners because lockdown …
Read More »DoorDash, Airbnb, Denny’s, Virgin Galactic, Arvinas
A DoorDash Inc. delivery bag sits on the floor at Chef Geoff’s restaurant in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Pfizer, BioNTech — Shares of the drug makers fell 2% and 6% respectively, despite the Food and Drug Administration’s …
Read More »This is the time to speculate
With a Covid-19 vaccine use authorization from U.S. drug regulators imminent, CNBC’s Jim Cramer said Friday the time is ripe to take on some risk in the market. “If you want to speculate, this is the time to do it, just speculate wisely,” the “Mad Money” host said. “You’ve got …
Read More »Cramer crowns Azek stock a ‘top idea for 2021’
CNBC’s Jim Cramer on Friday pitched Azek stock as a “top idea for 2021,” citing the state of the home reconstruction market and growing interest in alternative building materials. Azek a week ago posted a better-than-expected quarterly report and shares sold off anyway, declining nearly 4% over two days. Cramer …
Read More »Tesla, Nio, Airbnb, Disney & more
Check out the companies making headlines in midday trading. Snowflake — Shares of the data-warehousing software maker slid 5.2% after Deutsche Bank downgraded the stock a hold rating. “Pent-up demand for high-multiple names, such as Snowflake, may be limited as we wrap up 2020 and investors look to protect their …
Read More »Jim Cramer recommends profit taking in speculative electric SPAC names
In a classic lesson of buying low and selling high, CNBC’s Jim Cramer on Thursday recommended investors trim their holdings in a number of speculative stocks he recently said are worth owning. After some of the stock picks put up triple-digit gains in a short timeframe, he advises trading at …
Read More »Shorting stocks is ‘crazier’ than buying Airbnb, DoorDash here
Major stock averages have rallied double digits from early November, but CNBC’s Jim Cramer said this is not the time to bet against the stock market or some of the best-performing components on the market. “The backdrop is too positive to bet aggressively against anything here. If you own something …
Read More »Chevron CEO says company is investing in a lower carbon energy system
Chevron has taken steps to lessen the oil and gas giant’s dependence on fossil fuels, laying a path to an energy system with a reduced carbon footprint, CEO Mike Wirth told CNBC’s Jim Cramer Wednesday. “We embrace a lower carbon future. We expect a lower carbon energy system,” Wirth said …
Read More »DoorDash debut is a lesson in placing market orders, Jim Cramer says
DoorDash’s red-hot market debut is a lesson in placing orders to buy stocks on the market, according to CNBC’s Jim Cramer. “It’s true that people using market orders took DoorDash to levels that maybe … were far higher than they thought they’d have paid,” the “Mad Money” host said after …
Read More »Jim Cramer identifies popular stock picks among young investors
Stocks on Tuesday rebounded from a weak morning trade, powered by moves from younger traders, CNBC’s Jim Cramer said after the close. Before the S&P 500 managed to set new highs during the trading day, the broad index was down 0.35% at its lows. The index swung up 0.28% by …
Read More »Chewy CEO says pet industry trends drove 45% revenue growth, not pandemic
Pet food supplier Chewy on Tuesday reported better-than-expected results in the company’s third fiscal quarter, in which it saw another surge in business amid the coronavirus pandemic. Chewy reported a 45% growth in revenue in the quarter ended Nov. 1, the third consecutive three-month period of a nearly 50% increase …
Read More »Cramer sees strong 2021 after Airbnb IPO
Airbnb has a chance to post substantial growth next year and the stock is worth buying when the company makes its long-awaited debut to the market Thursday, CNBC’s Jim Cramer said Tuesday. Investors can afford to be patient, however, as the vacation home rental company continues to face pandemic headwinds, …
Read More »Stitch Fix, Boeing, Raytheon, Pfizer, QuantumScape
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 …
Read More »Shares of Penumbra tank after short seller releases critical report
Shares of Penumbra slid more than 12% on Tuesday after short-seller Quintessential Capital Management released a critical report on the California-based medical devices maker. Quintessential Capital has a short position in Penumbra, meaning it is betting that the stock will go down. The firm first began to target Penumbra last …
Read More »Digital transformation is ‘opportunity of this generation’
As businesses adopted new digital capabilities to operate amid the coronavirus pandemic, ServiceNow reached a milestone among a key client base, CEO Bill McDermott said on CNBC Monday. In the third quarter, the cloud services provider signed its 1,000th customer contract valued above $1 million annually — that’s double the …
Read More »Cramer recommends buy price for DoorDash public debut
CNBC’s Jim Cramer on Monday gave his recommendation on the looming public debut of DoorDash. The San Francisco-based food delivery app received praise from Cramer, though he erred on the side of caution as to what price he thinks investors should be willing to pay for it when it begins …
Read More »Young investors ‘changed the entire character of the market’
CNBC’s Jim Cramer on Monday suggested that seasoned investors could take a cue and learn something from the stock market’s newcomers this year. “I think it’s time to stop disrespecting the younger investors who’ve nailed 2020 every step of the way and start taking them seriously,” the “Mad Money” host …
Read More »Stitch Fix, Coupa Software & more
Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Check out the companies making headlines after the bell on Monday: Stitch Fix — Stitch Fix shares rallied more than 34% on the back of better-than-expected results for the first quarter. The personal styling company reported a profit of 9 …
Read More »Tesla, Kodak, Lyft, Interactive Brokers & more
Tesla CEO Elon Musk gestures as he arrives to visit the construction site of the future US electric car giant Tesla, on September 03, 2020 in Gruenheide near Berlin. Odd Andersen | AFP | Getty Images Check out the companies making headlines midday on Monday: Tesla — Tesla jumped more …
Read More »Alphabet-backed Sidewalk bets on getting customers to cut energy use
As rolling blackouts continue to plague California, one company is hoping that a new $100 million investment will help it keep the lights on — by paying customers to turn the lights off. On Monday OhmConnect said it received $100 million from Alphabet-backed Sidewalk Infrastructure Partners to build the largest …
Read More »Dow, S&P can keep climbing the market’s wall of worry, history says
The Dow Jones Industrial Average was poised to fall at the open on Monday, according to futures trading, after hitting another new record to end last week. Market history in the post-World War II era suggests that any dip to start the week may be followed by more gains before …
Read More »Next week may be difficult without stimulus deal
The stock market’s next move hinges on the state of coronavirus stimulus talks in Washington, CNBC’s Jim Cramer said Friday. “If the Democrats and Republicans in Congress can make a stimulus deal over the weekend, this market can indeed keep running,” the “Mad Money” host said. “Without some progress in …
Read More »Ulta, Ollie’s Bargain Outlet, Marvell & more
Check out the companies making headlines before the bell Thursday: Ollie’s Bargain Outlet (OLLI) — Shares of the retailer slid more than 11% following commentary around a slowdown in the company’s fourth-quarter trends. “Quarter-to-date, our comparable-store sales increases are tracking in the low single-digits,” CEO John Swygert said in a …
Read More »Ride the wave in Tesla, trader says after Goldman’s $780 price target
Tesla’s trek higher continues. Shares of the electric-auto maker surged Thursday after Goldman Sachs upped its rating on the stock to buy from neutral, citing accelerating electric vehicle adoption. The firm also raised its price target on the stock to $780, one of the highest on the Street. Tesla’s stock …
Read More »British start-up Arrival has ‘best claim to be the son of Tesla’
CNBC’s Jim Cramer on Thursday endorsed CIIG Merger, the U.S. blank-check company set to take U.K. electric-vehicle maker Arrival public next year, as a speculative stock for investors to play. “As much as I like this story, I think you can be patient,” the “Mad Money” host said. “But given …
Read More »Salesforce could more than double its value after Slack deal
Salesforce’s blockbuster deal for the Slack messaging platform will give the software giant the visibility it needs to increase its valuation by threefold, CNBC’s Jim Cramer said Thursday. “If you follow the customer, you’ll understand why Salesforce.com, which built a gigantic business by helping clients harness the power of the …
Read More »Jim Cramer says pent-up demand to define the next leg of the bull run
CNBC’s Jim Cramer on Wednesday laid out a basket of stocks that are set to bounce back when the U.S. reopens again, though the timeline remains elusive. “Pent-up demand. Get used to hearing that term because it’s going to define the very next leg of this just impossible-to-believe bull market,” the …
Read More »‘Taking a hard line gets results’
CNBC’s Jim Cramer on Wednesday made a plea for Joe Biden to stay tough on China once the Democrat moves into the White House in the new year. “I hope the incoming Biden administration can look at Trump’s trade war objectively, because in many ways, really, it worked,” the “Mad …
Read More »XPO Logistics CEO says company is in the middle of the ‘e-comm boom’
The online shopping craze has delivered a windfall for the shipping industry, and global warehouse providers such as XPO Logistics are reaping benefits, CEO Brad Jacobs told CNBC’s Jim Cramer on Wednesday. “In our logistics business, we are squarely in the middle of this massive e-commerce boom,” he said in …
Read More »Salesforce, Palantir, Zoom, Tesla & more
Check out the companies making headlines in midday trading. Palantir — The tech company slid more than 10% after Morgan Stanley downgraded the stock to underweight. The firm said Palantir now trades at a “significant premium” to its peers following shares’ more than 100% jump since the company went public …
Read More »Zoom Video stock sell-off is not bad news for stay-home thesis
Zoom Video Communications shares sold off big on Tuesday after the company reported strong quarterly results, but it’s not yet time to give up on the stay-at-home plays, CNBC’s Jim Cramer said. “Despite what you heard this morning, vast swathes of our economy remain very strong, and that includes the …
Read More »Cramer charts out Facebook, Apple, Amazon and Netflix year-end runs
CNBC’s Jim Cramer on Tuesday doubled down on his forecast that Big Tech stocks have more upside in store as the market steers toward the end of the year. Facebook, Amazon, Apple, Netflix and Google-parent Alphabet shares, some of Wall Street’s hottest trades of 2020, have lagged the broader market …
Read More »Slack is one step in Salesforce’s path to double revenue
Salesforce CEO Marc Benioff, after announcing that the software giant is acquiring Slack Technologies, told CNBC Tuesday that the company is on a path to double revenue. In its fiscal third-quarter report released after the close, Salesforce provided guidance of $25.5 billion on the high end in fiscal 2022. Benioff, …
Read More »Zoom Video, Nikola, Tesla and more
Zoom Video Communications Inc. founder and CEO Eric Yuan at the company’s IPO at Nasdaq MarketSite in New York, April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Zoom Video – Shares dropped 15.1% as investors digested signs that …
Read More »Nikola stock sees another ugly selloff as insider lockup period expires
Nikola Motor Company Two truck Source: Nikola Motor Company Shares of Nikola plummeted by as much as 18.3% in heavy trading Tuesday morning after a lockup period on the stock for company insiders and early investors expired, freeing up to 166 million shares for sale for the first time since …
Read More »Cramer bemoans market rotation, says FAANG names still ‘best in show’
CNBC’s Jim Cramer on Monday bemoaned the stock market rotation from the high-flying growth tech stocks and into lagging stocks in the market. “I’m so sick of hearing that it’s time to rotate into the small caps, or the oils, or the cyclical smokestack stocks,” the “Mad Money” host said. …
Read More »Jim Cramer recommends Linde and Cummins for the future of hydrogen energy
A truck operated by Germany’s Linde Group. Rod Nickel | Canada-Helium | Reuters CNBC’s Jim Cramer on Monday endorsed two stocks as plays on hydrogen fuel cells in the current market environment. While Cramer is convinced that hydrogen fuel technology, a frontier in clean energy, is the way of the …
Read More »S&P Global leans in on recurring revenue in $44 billion IHS Markit deal
S&P Global is widely known as a rating agency, but the rating business is expected to make up a much smaller portion of the company’s revenue after its big merger with IHS Markit. In an acquisition announced Monday, S&P Global revealed it would buy IHS Markit in a deal valuing …
Read More »Tesla’s stock will be added to the S&P 500 in a single step before the open on Dec. 21
Tesla CEO Elon Musk gestures as he arrives to visit the construction site of the future US electric car giant Tesla, on September 03, 2020 in Gruenheide near Berlin. Odd Andersen | AFP | Getty Images Tesla will be added to the S&P 500 in a single step despite its …
Read More »Tesla’s stock will be added to the S&P 500 in a single step before the open on Dec. 21
Tesla CEO Elon Musk gestures as he arrives to visit the construction site of the future US electric car giant Tesla, on September 03, 2020 in Gruenheide near Berlin. Odd Andersen | AFP | Getty Images Tesla will be added to the S&P 500 in a single step despite its …
Read More »Zoom Video, Sunnova Energy, BioNTech & more
Zoom founder Eric Yuan poses in front of the Nasdaq building as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Check out the companies making headlines after hours: Zoom …
Read More »Moderna, IHS Markit, Nikola, Carnival & more
Moderna in Cambridge, MA is pictured on Feb. 28, 2020. David L. Ryan | The Boston Globe via Getty Images Check out the companies making headlines midday Monday: Moderna — Shares rallied more than 14% after the drugmaker said its coronavirus vaccine candidate was more than 94% effective in preventing …
Read More »Moderna, IHS Markit, Slack & more
Check out the companies making headlines before the bell: Moderna — Shares Moderna rose more than 11% in premarket trading after the drugmaker said new data confirms the vaccine is more than 94% effective in preventing Covid-19. Moderna plans to request emergency clearance from the Food and Drug Administration on Monday. …
Read More »What four retail analysts are watching
This year’s Black Friday is shaping up to be much different than usual. The Covid-19 pandemic’s impact on the retail sector and particularly brick-and-mortar stores was on full display Friday as deal-hungry shoppers opted to surf the web instead of hitting the mall for sales. Former Saks CEO Steve Sadove …
Read More »Big S&P 500 loser this month Hanesbrands could see a comeback: Traders
One of November’s worst performers could soon see a sustained comeback. That was two traders’ takeaway from a review of some of the month’s biggest S&P 500 laggards, including but not limited to: The above declines are as of Wednesday’s close. “Several of these turkeys … have definitely violated uptrends …
Read More »Gap, Square, Nikola, Nordstrom & more
Check out the companies making headlines in midday trading. Deere — Shares of the equipment maker slipped more than 1% despite the company betting top and bottom line estimates during the fourth quarter. Deere earned $2.39 per share during the period, ahead of the $1.49 expected by analysts surveyed by …
Read More »Gap, Nordstrom, Dell Technologies & more
Check out the companies making headlines after hours on Tuesday: HP Inc. — Shares of the computer hardware builder jumped more than 7% in after-hours trading on the back of stronger-than-expected quarterly results. HP Inc. posted earnings of 62 cents per share on revenue of $15.26 billion. Analysts expected a …
Read More »Beating Covid-19 will be ‘like the end of Prohibition’
When the U.S. can fully open up and get to the other side of the coronavirus crisis, Wall Street will celebrate like its 1933, according to CNBC’s Jim Cramer. In his first reaction to a banner day for the Dow Jones Industrial Average, where the blue-chip index broke through and …
Read More »Tesla, Dollar Tree, Carnival, Best Buy and more
A salesman carries a Best Buy shopping basket in San Francisco, California. Getty Images Check out the companies making headlines in midday trading. American Airlines, United Airlines, Carnival — Airlines and cruise stocks surged on Tuesday as stocks tied to an economic recovery continued to rise after a series of …
Read More »White House transition could complicate vaccine distribution
A syringe is seen by the logo of Pfizer’s headquarter in Manhattan, New York City, United States on November 19, 2020. Tayfun Coskun | Anadolu Agency | Getty Images CNBC’s Jim Cramer on Monday gave a forecast of how he projects that the complex coronavirus vaccine distribution process will turn …
Read More »Cramer unveils list of ‘return to normalcy’ stocks on vaccine optimism
After Wall Street digested more positive coronavirus vaccine news and investors grew more optimistic on the reopening trade, CNBC’s Jim Cramer on Monday unveiled a list of “return to normalcy” stocks. “I think you have to buy a couple of these vaccine winners on any weakness, although when it comes …
Read More »Cramer reveals retail stocks to play the ‘Thanksgiving trade’
With Thanksgiving nigh, CNBC’s Jim Cramer on Monday revealed a seasonal pattern that investors can consider playing leading into the Christmas holiday. The closing months of each year are defined by the holiday shopping rush, and Cramer expects the close of 2020 will be no different, despite the coronavirus pandemic. …
Read More »AstraZeneca, Snap, Tesla, Roku & more
Check out the companies making headlines midday Monday: AstraZeneca — Shares of British pharmaceutical giant AstraZeneca fell more than 3% after the company said clinical trials showed its coronavirus vaccine has an average efficacy of 70% in preventing the virus. Its competitors Pfizer and Moderna previously said their Covid-19 vaccine …
Read More »Travel stocks are vulnerable Thanksgiving week, with CDC warning
The travel trade is in trouble. Airline, hotel and cruise line stocks slid on Friday ahead of Thanksgiving week after the CDC issued a warning on traveling for the holiday amid climbing Covid case counts. Expedia data released before the CDC’s announcement showed 60% of U.S. consumers said they would …
Read More »Retail earnings reports to watch
Retail earnings are ramping up this week. Urban Outfitters reports on Monday, a day before Best Buy, Dick’s Sporting Goods, Abercrombie and Fitch, Dollar Tree, Nordstrom, Gap and American Eagle Outfitters. All of their stocks are in the green year to date except for Nordstrom, which is down almost 48%. …
Read More »Former Chewy CEO Ryan Cohen urges GameStop to become the Amazon of video games
Game Stop store in New York City. Michael Brochstein | LightRocket | Getty Images The shift away from brick-and-mortar retailers in favor of online shopping has hurt GameStop over the past decade, pushing the company’s stock down nearly 40% in that time period. But Ryan Cohen, the former CEO of …
Read More »Zebra Technologies plays key role in vaccine distribution, CEO says
Zebra Technologies has played a role in coronavirus testing to fight off the pandemic, and now the barcode company has a new role to play in preventing the deadly virus from spreading further, CEO Anders Gustaffson told CNBC’s Jim Cramer Friday. While Zebra’s products have been used for tracking samples …
Read More »Start of a ‘seasonally strong period’ for stocks
While Wall Street is preparing for a shortened week with Thanksgiving on the calendar, CNBC’s Jim Cramer is keeping his eye on key corporate earnings reports set to release before the holiday. The stock market will be closed on Thursday and open for a half-day of trading Friday to close …
Read More »Zoom, Nikola, FireEye, Intuit & more
Check out the companies making headlines in midday trading. Zoom Video — Shares of the video-conferencing company jumped more than 6% amid a rise in Covid-19 cases. Zoom has been one of the key “stay-at-home” trades, and shares are up 550% this year. Nikola — The electric vehicle maker declined …
Read More »Robinhood investors helped stabilize the market in March rout: co-CEO
In recent months, young retail investors have caught a lot of flak from Wall Street professionals and the investment community. Calling into question their stock acumen, money managers have blamed amateurs, who are taking advantage of commission-free trades with the tap of the finger, for driving some U.S. stocks to …
Read More »Ten ‘up stocks’ to bet on a year-end rally
CNBC’s Jim Cramer on Thursday presented a year-end list of what he calls “up stocks” that investors can buy to bet on a market rally through the end of the year. “We call them up stocks, the ones that go up all the time and barely ever go down,” the …
Read More »What to watch amid uptick in coronavirus cases
Covid-19 crackdowns are cutting into U.S. equity returns. Recent upticks in U.S. coronavirus case counts weighed on the major averages Thursday, with the Dow, S&P 500 and Nasdaq Composite eking out modest gains in afternoon trading after sustaining losses earlier in the session. Market analysts were looking longer term at …
Read More »Biohaven eyes mid-2021 for migraine prevention drug launch
Biohaven Pharmaceutical CEO Vlad Coric appeared on CNBC Wednesday to discuss the company’s efforts to market an oral solution designed to preempt migraine attacks. After launching Nurtec ODT, an oral treatment for acute migraine attacks, earlier this year, the biotech firm now has its sights set on making that same …
Read More »Stock moves mark end of ‘tyranny of the index funds’
After a down day for stocks in Wednesday’s session, CNBC’s Jim Cramer said the market is giving investors a chance to buy individual stocks now that Wall Street has broken away from the “tyranny of the index funds.” “There’s been a move to own individual stocks led by younger, often …
Read More »‘The vaccine is a headwind’
CNBC’s Jim Cramer on Tuesday tried to make sense of the declines in Home Depot and Walmart shares after the retail juggernauts posted third-quarter results that topped Wall Street estimates. Wall Street received a “pair of stellar quarters from Home Depot and Walmart … some of the best numbers I …
Read More »Lordstown Motors races to revive shuttered Ohio GM plant
When General Motors decided to pull the plug on a sedan plant in northeast Ohio almost two years ago, the Detroit-based automaker was reacting to America’s growing interest in trucks and SUVs. The move eliminated more than 1,300 jobs, creating a headache for Lordstown, Ohio, and the local economy that …
Read More »Semiconductor equipment stocks may have a lot more upside
CNBC’s Jim Cramer on Tuesday presented three potential buying opportunities connected to the chipmaking industry. After reviewing chart analysis from a trusted technician, the “Mad Money” host is recommending investors keep an eye on two semiconductor equipment makers in particular. “The charts, as interpreted by Bob Lang, suggest that the …
Read More »Fighting Tesla is like fighting the Fed, trader says after S&P add
Tesla shares are taking off. The electric-auto maker’s stock closed more than 8% higher at $441.61 a share on Tuesday following S&P Dow Jones Indices’ announcement that the cult stock would be added to the S&P 500 index. At a $411.5 billion market cap and a 111-times forward price-to-earnings multiple, Tesla …
Read More »Tesla is joining the S&P 500. What Cramer and five others see ahead
Tesla is officially on track to join the S&P 500. Shares of the electric-auto maker jumped more than 9% in Tuesday trading after S&P Dow Jones Indices announced the company would be added to the major market index, a long-awaited move and a triumph for Tesla bulls. Some market watchers …
Read More »Tesla, Walgreens, DraftKings, Square and more
CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Tesla — Tesla shares rallied 8.2% after S&P Dow Jones Indices said it would …
Read More »New acquisition provides security from hackers’ view
Palo Alto Networks announced a new acquisition that the cybersecurity provider expects will give it an edge in fending off online hackers. The company is paying out $800 million to add to its portfolio Expanse, a San Francisco-based internet monitoring company that Palo Alto Networks CEO Nikesh Arora said will …
Read More »‘Youth’ investors making buys that veterans wouldn’t make, Cramer says
The reopening stocks led Wall Street higher on vaccine optimism, but investors may want to be selective about what stocks they pick up with the market at or near highs, CNBC’s Jim Cramer said Monday. “The real issue in this market is faith. The buyers have faith in the future, …
Read More »Jim Cramer’s 5 stock plays for the vaccine distribution pipeline
After Wall Street welcomed more positive data from a biotech firm working on a coronavirus vaccine Monday, CNBC’s Jim Cramer turned his attention to investment opportunities linked to the vaccine distribution pipeline. “Now that the vaccine developers are approaching the finishing line, distributing this thing is priority number one,” the …
Read More »T-Mobile, Costco, Baidu & more
People walk by a T-Mobile store in San Francisco, California Justin Sullivan | Getty Images Check out the companies making headlines after the bell on Monday: T-Mobile — T-Mobile shares rose more than 2% in after-hours trading after Warren Buffett’s Berkshire Hathaway disclosed a stake in the mobile networking company. …
Read More »Moderna, Simon Property, BBVA, Virgin Galactic & more
Check out the companies making headlines midday on Monday: Moderna — The drugmaker’s stock soared more than 7% after announcing preliminary phase three trial data shows its coronavirus vaccine is more than 94% effective in preventing Covid-19. Moderna is the second U.S. company in a week to report positive results …
Read More »Cramer says he’s never seen such resilient stock buyers
CNBC’s Jim Cramer said Monday that a new type of investor is behaving differently during the stock market’s pandemic-era rally than what he has traditionally observed over his decades-long career on Wall Street and in financial media. “There’s a new young crop of buyers who do not sell on the …
Read More »New Jersey is ‘gateway’ to legal weed on East Coast
After New Jersey voters agreed to legalize marijuana within its borders last week, it’s only a matter of time before neighboring states do the same, GrowGeneration CEO Darren Lampert told CNBC’s Jim Cramer Friday. “We believe the rest of the East Coast will follow suit [and] legalize very soon,” he …
Read More »‘Next week will be pivotal’
Earnings season will come to a close next week and many corporations have pleased Wall Street with the numbers they’ve posted thus far, CNBC’s Jim Cramer said Friday. Last quarter was “one of the best we’ve seen in ages,” likely because expectations were already lowered amid the ongoing health crisis, …
Read More »One bullish way to play cross-section of health care and tech
Doctor’s orders are going virtual. With Covid-19 case counts on the rise again, Teladoc, a stock at the crossroads of health care and technology, could be an ideal bet for investors looking for ways to brace for possible volatility, Todd Gordon, the founder of TradingAnalysis.com, told CNBC’s “Trading Nation” on …
Read More »What comes next for the Dow and S&P, according to market history
Market volatility to the downside may not be entirely behind us, as the last two days of trading in U.S. stocks and the Dow Jones Industrial Average just reminded investors, with a dip of more than 300 points on Thursday. But since the week of Election Day, and through the …
Read More »Sysco drops delivery minimums, helping restaurants cope with headwinds
As the U.S. restaurant industry braces for the winter months and a surging coronavirus outbreak, food distributor Sysco has taken steps to help its customers weather an uncertain future. The Houston-based company said Thursday that it is canceling delivery size minimums for restaurants starting Monday. The news comes as some …
Read More »‘This is a big deal for us’
Ford Motor is carving a unique lane as the automaker goes after the electric vehicle market, newly installed CEO Jim Farley told CNBC’s Jim Cramer Thursday. Earlier that day the company announced a new all-electric van targeting business customers, as part of its $11.5 billion investment in electric vehicles through …
Read More »‘We have too many bulls’
Wall Street is saddled with too many sellers and not enough buyers, CNBC’s Jim Cramer said after the stock market closed Thursday. “We don’t have too many bears, we have too many bulls,” the “Mad Money” host said. “When most investors are bullish, it means, well, there’s no one left …
Read More »Cisco Systems, Disney, Applied Materials & more
Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020. Check out the companies making headlines after hours on Thursday: Cisco Systems — Cisco shares rallied nearly 9% in after-hours trading on the back of better-than-expected results for its fiscal first quarter. The company …
Read More »Alibaba spends five times as much on subsidies to export Singles Day
People wait in line in front of the AliExpress pop-up store in Paris on September 24, 2020. Geoffroy van der Hasselt | AFP | Getty Images BEIJING — Chinese e-commerce giant Alibaba is pressing into overseas markets as competition heats up around the Singles Day shopping festival the company launched …
Read More »Target shops deal offers ‘paths for brand growth’
Ulta Beauty CEO Mary Dillon told CNBC Wednesday that the cosmetics company hopes to leverage its loyalty plan through its partnership with Target. On Tuesday, the two unveiled a new deal to add skincare shops in select Target stores starting next year. With a combined 100 million members registered to …
Read More »Wall Street ‘very cavalier’ about risks the U.S. faces
CNBC’s Jim Cramer struck a cautious tone after the stock market closed Wednesday. There was mixed trading on Wall Street as the Dow Jones Industrial Average slipped while the S&P 500 and Nasdaq Composite both posted gains during the trading day. “I think this market’s being very cavalier about the …
Read More »Tech investments drove record loan volume in Q3
Rocket Companies CEO Jay Farner in an appearance on CNBC on Wednesday credited the mortgage lender’s investments in technology for its record quarter it reported the day prior. The Detroit-based company, which began trading on the public market in August, posted triple-digit loan volume in the third quarter amid a …
Read More »Pfizer CEO sold $5.6 million of stock as company announced positive data
Pfizer CEO Albert Bourla sold almost $5.6 million worth of stock on Monday, the same day the drugmaker announced positive early data on its experimental coronavirus vaccine that sent shares soaring. Shares of Pfizer jumped by almost 15% on Monday after the company and its partner BioNTech said its vaccine …
Read More »No shows, no health care — shutdown crushes actors
Isabelle McCalla, Caitlin Kinnunen, and the cast of “The Prom” perform during the 2019 Tony Awards at Radio City Music Hall on June 9, 2019 in New York City. Theo Wargo | Getty Images Just over a year ago, Caitlin Kinnunen was sitting in Radio City Music Hall shoulder-to-shoulder with …
Read More »Beyond Meat CEO speaks on McDonald’s plant-based supplier mystery
Beyond Meat CEO Ethan Brown on Tuesday sought to clear the air on his company’s relationship with McDonald’s after shares tanked the day prior on news of the restaurant chain’s forthcoming plant-based line. Beyond Meat investors reacted negatively when the meatless food maker was not named as a supplier for …
Read More »Jim Cramer promotes hiring military veterans: ‘It’s good business’
On the eve of Veterans Day, Jim Cramer hosted his annual “Salute to Service” special on “Mad Money.” The CNBC personality traded in his stock commentary for a moment Tuesday to highlight public corporations that he admires for having gone above and beyond the call of duty to hire Americans …
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