What a difference a year makes. Club holding Wells Fargo will post quarterly results on Friday, followed by our other financial holding, Morgan Stanley, on Tuesday. The industry’s first-quarter results will come against a more pleasant backdrop than last year, when the March 2023 collapse of Silicon Valley Bank sent shockwaves throughout the sector. The … Read more
CNBC’s Jim Cramer on Thursday said Wall Street should be less jaded, saying that to see gains, it is necessary to trust certain deserving market-moving figures. He specifically said he has faith in Federal Reserve Chair Jerome Powell, Nvidia‘s Jensen Huang and Apple CEO Tim Cook, even as some on Wall Street have negative sentiments … 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
My top 10 things to watch Thursday, April 11 The government’s second inflation report of the week was cooler. One day after Wednesday’s hotter consumer price index sank stocks, the smaller-than-expected rise in the March producer price index reversed early weakness in the market to the upside. How could so many prognosticators be so wrong … Read more
CNBC’s Jim Cramer questioned whether the hotter-than-expected consumer price index data accurately represents the state of inflation, saying Wall Street’s wave of selling on Wednesday could have been a mistake. “Trillions of dollars were indeed lost today under the assumption that inflation’s way hotter than we thought, and after examining the numbers underneath, considering the … Read more
Alphabet ‘s cloud-computing summit left us feeling much better about the technology giant’s artificial intelligence efforts. There was a lot riding on the event , considering shares hovered near all-time highs heading into it and our general frustration around its AI execution, but the Club holding cleared our bar. Alphabet’s announcements Tuesday at Google Cloud … Read more
Who better than teenagers to know what’s trendy? Piper Sandler has released the spring edition of its semiannual “Taking Stock With Teens Survey,” with solid results for several names in our portfolio. We love scanning the report, which looks at a wide swath of Generation Z, roughly defined as people aged 11 to 26. In … Read more
CNBC’s Jim Cramer reviewed Tuesday’s market action, saying stocks that saw losses — like Nvidia and Eli Lilly — remain winners but had simply run too much. “The stocks that pulled back today have everything going for them, except that they’ve already run so much that they’ve become vulnerable,” he said. He underscored his belief … 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 pullback: Stocks took a bit … Read more
CNBC’s Jim Cramer reviewed last week’s nonfarm payroll report and highlighted the thriving economy, telling investors not to expect imminent rate cuts from the Federal Reserve. “If you’re hoping for Fed rate cuts … I say maybe don’t hold your breath. This economy doesn’t need them,” he said. “Just be glad we aren’t getting any … Read more
