Here are the most important news items that investors need to start their trading day: 1. The Fed vs. Nvidia The week ahead will tell whether the Federal Reserve can damper investor enthusiasm. A rally fueled in large part by blowout Nvidia earnings pushed the S&P 500, Dow Jones Industrial Average and Nasdaq all to … Read more
Salesforce finished its fiscal 2024 on a strong note, as the enterprise software giant continued to deftly balance sales and profit growth. The company also boosted its stock buyback program, and management even tossed in its first-ever dividend — a sign of its confidence in the business. We’re still believers, too. Revenue increased 11% year-over-year … Read more
Marc Benioff, co-founder and CEO of Salesforce, speaks on a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images Salesforce shares slid as much as 6% in extended trading on Wednesday after the business software maker issued a light revenue forecast for 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 Wednesday’s key moments. 1. U.S. stocks were trending lower as investors awaited important inflation data and mulled over more quarterly earnings. January’s PCE price index – the Federal Reserve’s preferred measure of inflation … Read more
Wall Street returned to its winning ways this week â and Nvidia ‘s blowout earnings report Wednesday night was a big reason why. All three major U.S. stock benchmarks closed the holiday-shortened week higher, led by the S & P 500 , which rose 1.66% and ended Friday at a record high. The tech-heavy Nasdaq … Read more
CNBC’s Jim Cramer on Friday guided investors through next week’s market action, advising them to pay attention to earnings reports from companies including Salesforce, Snowflake and Domino’s. “I don’t know if the rosy hue from Nvidia has staying power for next week,” Cramer said. “But there are plenty of good companies here that can carry … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch â 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.) As we gear up for the … Read more
The Singapore River and Merlion Park in the evening Photography By Bobi | Moment Open | Getty Images SINGAPORE â Singapore’s plan to invest more than $743 million into artificial intelligence over the next five years could strengthen its position as a global business and innovation hub, tech executives said. In his Budget speech on … Read more
Wall Street’s whales turned on Alphabet . Hedge fund managers and billionaire investors alike lightened up on shares of the Google parent â or dumped them all together â in the fourth quarter of 2023, regulatory filings revealed. While backward-looking, these disclosures nevertheless shine a light on the moves influential investors have made. The sales … Read more
It’s been hard to keep up. That’s the story of the big stock winners this year. They just keep winning and winning and winning. For analysts on Wall Street and here at the Club, it seems like some of these names are smashing through our six-to-nine-month price targets every few weeks. To that end, we’re … Read more
