There was a good deal of divergence this week as higher bond yields on a hotter-than-expected reading on manufacturing activity slammed the economically sensitive Dow Jones Industrial Average , while an incredible quarter from Nvidia powered the Nasdaq . The S & P 500 , which leans more tech than the Dow and less tech … 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 Friday’s key moments. 1. Wall Street was bouncing higher Friday after, as Jim Cramer put it, a “really bad day” in the prior session. Thursday’s late-day decline happened as bond yields rose on … Read more
It’s all about to happen. But until it happens, then no money should be made waiting for it. We have to see its success to invest in it. Otherwise, the heck with it. There. That had been the bear case against artificial intelligence, generative AI, accelerated computing and large language models (LLMs), all the essential … Read more
Ordini’s Best Fiberglass Pools contractors work to install a pool, which the company says have dramatically increased in sales due to COVID-19 fears, in Gilbertsville, Pennsylvania, April 26, 2021. Rachel Wisniewski | Reuters Americans are kicking the can down the road on some more-costly, traditionally financed purchases as elevated inflation and interest rates bite. Corporate … Read more
CNBC’s Jim Cramer said investors should get out of stocks like GameStop and AMC, both of which saw huge rallies this week triggered by social media. “When I see meme stock mania taking over again, led by GameStop and AMC, I need to remind you that this is irrational,” he said. “There’s no way these … Read more
My top 10 things to watch Monday, May 13 1. Stocks are set to begin the week higher ahead of key inflation releases on Tuesday and Wednesday. The data will offer a test for the quiet market rally we’re enjoying. The Dow, which on Friday wrapped up its best week of the year, is riding … Read more
Microsoft delivered picture-perfect earnings after the bell Thursday, calming the market’s brief fears about runaway spending on AI infrastructure without the cloud revenues to show for it. Revenue increased about 17% year over year, to $61.86 billion, beating the Street consensus estimate of $60.8 billion, according to data from LSEG. Earnings per share (EPS) increased … Read more
We are buying 100 shares of Best Buy at roughly $75.28. Following the trade, Jim Cramer’s Charitable Trust will own 900 shares of BBY, increasing its weighting to roughly 2.15% from 1.94%. We’re making a third buy on Tuesday. Our general investing discipline is to put spare cash to work when the S & P … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Markets Bounce Back : Stocks rebounded … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Market steady: Stocks were slightly higher … Read more
