We’re making six trades Monday morning, as the recent market volatility driven by fears of a U.S. recession intensifies. Shortly after the opening bell, we are exiting our position in Ford , selling all of our 5,550 shares at roughly $9.48. We are also exiting our position in Wynn Resorts by selling our 600 shares … Read more
Shares of Nextracker dropped in extended trading Thursday as questions about the solar technology firm’s backlog of projects overshadowed its better-than-expected quarterly results. Revenue in its fiscal 2025 first-quarter rose 50% year over year to $719.9 million, far ahead of the $617.5 million expected by analysts, according to LSEG. Adjusted earnings per share (EPS) also … 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. Stocks tumble: It’s another tough day on Wall Street with the S & P 500 giving back roughly all its gains from Wednesday and for the … Read more
It was another tough week for the S & P 500 and Nasdaq despite Friday’s rally, which helped blunt some of the pain. The Dow and small-cap Russell 2000 were again the big winners as the rotation from market darlings to down-and-out names due for a catch-up trade continued. By sector, in this wild trading … Read more
Wall Street managed to finish higher this week despite Thursday’s brutal rotation out of tech stocks. The Dow Jones Industrial Average was the big winner on the week — advancing nearly 1.6% as favorable inflation data prompted investors to scoop up economic- and rate-sensitive stocks that have not done as well this year. The S … Read more
We finally got the consumer price index we were looking for, with both the June headline and core readings coming in slightly lower than expectations. The CPI bolstered the case for the Federal Reserve to start cutting interest rates. It also gave investors the green light to rotate out of this year’s tech winners 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: Wall Street is ending the final day of the second quarter on a muted note, even after the Federal Reserve’s preferred inflation gauge showed a … Read more
We’re initiating a position in Nextracker , buying 350 shares at roughly $48.18. Following Thursday’s trade, Jim Cramer’s Charitable Trust will own 350 shares of NXT with a weighting of about 0.5%. Nextracker makes solar tracker systems that allow huge utility-scale rows of solar panels to rotate and follow the sun’s movement across the sky … Read more
Aerial view of the Oberon Solar O&M farm on March 24, 2024 in Ector County, Texas. In 2023, Texas led the nation in solar installations on its power grid, surpassing California for its second consecutive year. Brandon Bell | Getty Images Solar is booming in the United States as power demand surges, outpacing the growth … Read more
Photoelectric modules at a solar farm in Hanstholm, Denmark. The solar panels are part of the renewable energy sources that power Apple’s European data center in Viborg. Christoph Dernbach | Picture Alliance | Getty Images The surging power needs of artificial intelligence and data centers will be met primarily with renewable energy — not fossil … Read more
