Drew Angerer / Getty Images A year ago, there was little holiday cheer at Affirm. The point-of-sale lender was confronting rising interest rates, recession fears and weakening consumer spending. Affirm shares ended 2022 down 90%, wiping out billions of dollars in market value. Affirm investors are wrapping up 2023 in a much different mood. The … Read more
Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023. Dustin Chambers | Bloomberg | Getty Images OpenAI CEO Sam Altman has admitted that he was surprised by the popularity of ChatGPT, which was released as a research project a little more than a year ago. His … Read more
Holiday spending held up this year, despite all the economic uncertainty and high inflation. It’s welcome news for a few of our stocks. New data released Tuesday shows U.S. retail sales increased 3.1% year over year from Nov. 1 through Dec. 24, according to Mastercard SpendingPulse . The report, which excludes auto sales and is … Read more
Here’s our Club Mailbag email [email protected] — so you send your questions directly to Jim Cramer and his team of analysts. We can’t offer personal investing advice. We will only consider more general questions about the investment process or stocks in the portfolio or related industries. This week’s question: Can you discuss how to weigh … Read more
U.S. crude prices continued to fall Wednesday, settling below $70 per barrel for the first time since early July and at their lowest levels since June. That’s good news for the Federal Reserve in its battle against inflation. While the impact on oil and natural gas stocks has not been as cheery, companies across many … Read more
This year’s powerful rally has more than made up for the carnage of 2022 on Wall Street. Tech stocks reasserted their leadership and even some out-of-favor sectors perked up in recent weeks. So, what about 2024 for the market and our Club stocks? The Federal Reserve remains a big question as milder inflation data and … Read more
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. U.S. stocks climbed higher Thursday morning following three-straight days of declines, with the Magnificent Seven outperforming. The S & P 500 was up 0.7%, while the Nasdaq Composite gained … Read more
The Magnificent Seven — a term I coined earlier this year to track the market’s biggest tech winners — has certainly lived up to its vaunted name. Those seven mega-cap tech names are Apple, Google-parent Alphabet, Facebook and Instagram owner Meta Platforms, Microsoft, Amazon, Nvidia and Tesla. The first six are Club names. Call them … Read more
Manonallard | E+ | Getty Images For many Americans, it’s the first holiday season when most of the family may know the term “artificial intelligence” if it comes up during Christmas dinner. Just don’t expect AI to do the heavy lifting for Santa quite yet. The rise of generative AI — and the use of … Read more
My top 10 things to watch Thursday, Dec. 14 1. U.S. stocks are higher in premarket trading Thursday, with S & P 500 futures up 0.46%. Equities rallied Wednesday after the Federal Reserve held interest rates steady, while indicating it would cut rates three times in 2024 — a decision more dovish than I expected. … Read more
