CNBC’s Jim Cramer on Friday told investors it’s a good idea to buy Costco, whose earnings on Thursday beat Wall Street’s expectations but the stock still slipped in extended trading. “So let it come in, but, as I tell investing club members, remember to buy some if you don’t own it already,” he said. “And … Read more
Costco Wholesale ‘s third-quarter earnings topped Wall Street expectations on Thursday, driven by higher sales and lower-than-expected operating expenses. Even with a recent C-Suite transition, Costco delivered a business-as-usual quarter, as members flocked to its warehouses in search of quality merchandise at value prices. Total revenue in its fiscal 2024 third quarter increased 9.1% year … Read more
Best Buy CEO Corie Barry told CNBC’s Jim Cramer the electronics retailer is getting ready to sell a slew of new artificial intelligence-enabled personal computers. “We are, as you can imagine, arming ourselves on every angle to be the single best place to come experience this,” Barry said. “So, you’re going to see physical demos of … Read more
Wall Street has chalked up a number of milestones since the Club’s April Monthly Meeting. The Nasdaq Composite has set a series of all-time highs, including on Tuesday, when it closed above the 17,000 level for the first time. Despite a pullback Wednesday, the tech-heavy index is up nearly 8% since April 24, the day … 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. Market pressure : The major stock benchmarks were moving lower Wednesday, with the Dow getting the worst of it again. Adding pressure on equities, bond yields … Read more
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
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 key moments. The Dow on Thursday topped 40,000 for the first time ever. The S & P 500 and the Nasdaq also hit record highs for the second session in a row — … Read more
Uber on Wednesday announced several new product updates at the company’s annual Go-Get showcase in New York City that aim to help its customers save money on rides and food. The product updates reflect Uber’s continued push to drive growth and demand across its mobility and delivery business segments. The new features could help the … 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 Tuesday’s key moments. U.S. stocks were mixed Tuesday after a solid rally Monday, which extended Wall Street’s post-jobs report rally. The S & P 500 and blue-chip Dow were higher, while the Nasdaq … Read more
