It was another largely great quarter for the stock market — completing a strong first half of the year for the Dow Jones Industrial Average , the S & P 500 and the Nasdaq , all trading around record highs. The Nasdaq was the big winner of the second quarter, adding 8.26% over the past … Read more
We don’t care at which price Apple trades. When it was at $165 per share not that long ago, we thought the Club’s original “own it, don’t trade it” stock was momentarily expensive. Then nothing happened, and we had an ascent based on a momentary belief that the iPhone 16 would have some good artificial … Read more
The S & P 500 and Nasdaq extended their record rallies this week following cooler-than-expected consumer inflation data Wednesday morning. While Fed rate cuts would likely benefit the overall stock market, several names in the CNBC Investing Club portfolio — from housing plays to autos to biotech — could really get a boost. Connecting the … Read more
When your job is to write a commentary about the stock market you start with a blank Word document. It stares at you and says, “Come up with something noticeable that makes sense of the market.” Right at that moment, the inception, you can go either way. You can detect a pattern that points to … Read more
U.S. crude prices fell for the fifth straight day Tuesday, but we remain committed to our lone oil-and-gas stock in Coterra Energy . West Texas Intermediate has been moving lower since its early April peak, with Tuesday bringing the U.S. oil benchmark to its lowest settle since Feb. 5, at $73.25 a barrel. Some of … Read more
We danced around it all week. We called out the many culprits for Salesforce’s weak quarterly results on Wednesday — and subsequent stock plunge — including an elongated sales cycle, a measured economic environment, and the need for more senior executives to check off on products. But one we didn’t call out was the law … Read more
Discipline trumps conviction. Those are perhaps the three most important words for Nvidia shareholders who are sitting on a grand slam. After more than tripling last year and more than doubling again so far in 2024, to say Nvidia and CEO Jensen Huang have been on a roll would be the understatement of the century. … Read more
Shares of Nvidia surged to record highs Thursday, following the artificial intelligence chip giant’s after-the-bell quarterly results that effortlessly smashed quite possibly the highest bar ever set heading into an earnings release. While known for sizeable pullbacks in the past, the upward trajectory of Nvidia’s stock last year and this year cannot be denied. So, … 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
Wall Street’s 19-session journey back to all-time highs has been swift but healthy. The S & P 500 on Wednesday closed above 5,300 for the first time ever. One day later, the Dow made history by topping 40,000. Despite a slightly lower close Thursday and a mixed bag Friday, the market still was tracking to … Read more
