When I look at Thursday’s rally, I am beginning to realize that we have become so binary and so up close that we have lost our ability to think about what matters. The big fish data got caught among the minnow minutiae and we ended up with ridiculous rallies that are, therefore, based on nothing. … Read more
It was another volatile week for stocks, but Wall Street ultimately finished lower again. The market experienced a sharp sell-off Monday on recession concerns, which led the S & P 500 and Dow Jones Industrial Average to its worst single-day performances since 2022. The VIX index — Wall Street’s fear gauge and a measure of … 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. Mixed Markets: The S & P 500 is trying to finish the week out on a higher note after fluctuating between gains and losses for a … Read more
CNBC’s Jim Cramer on Thursday analyzed why food delivery companies are seeing success while many of their consumer discretionary peers suffer as users continue to feel the burden of inflation. He said food delivery is a habit consumers don’t want to break — something they seem more willing to spend on than other luxuries. “DoorDash … Read more
CNBC’s Jim Cramer on Thursday recommended that investors not base portfolio decisions solely off macroeconomic trends, like new employment data or interest rates. “I don’t want to be bound by the four walls of the PMIs, the PPIs, the PCDEs, the GDPs. We don’t want ETFs where we buy the bad along with the good, and … 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. Markets rally: Markets on Thursday are trying to rally again after a vicious midday reversal in the prior session. The nearly 3% gain for the tech-heavy … Read more
In a Wednesday interview with CNBC’s Jim Cramer, CVS CEO Karen Lynch said she is taking responsibility for the company’s Aetna insurance business after the most recent quarter missed expectations. “Our problem … is the Aetna business. We’ve had some challenges, the industry has had some challenges, and I, as I said this morning, I … Read more
As the major averages declined Wednesday, failing to recover fully from the brutal sell-off on Monday, CNBC’s Jim Cramer explained the current dynamics and attitudes at play on Wall Street. He used Disney‘s post-earnings stock performance to explain how investors want rate cuts but are also concerned by a lack of consumer spending. “You can’t … Read more
We are selling 50 shares of Procter & Gamble at roughly $170.60 and buying 100 shares of Nextracker at roughly $40.84. Following the trades, Jim Cramer’s Charitable Trust will own 350 shares of PG, decreasing its weighting to 1.9% from roughly 2.15%; and 950 shares of NXT, increasing its weighting to 1.25% from 1.10%. We’re … Read more
My top 10 things to watch Wednesday, Aug. 7 1. Disney with a blowout , beating analyst estimates on top and bottom lines. Also, a big raise to earnings guidance. It’s about time. Adjusted EPS for its fiscal third quarter were $1.39, up 35% from a year ago. The company’s combined streaming businesses (Disney+, Hulu … Read more
