Investors worried about concentration risk in the market may want to consider value-oriented investments. Avantis Investors chief investment strategist Phil McInnis suggests taking a more diversified approach than simply looking at index funds such as the S&P 500. He thinks his firm’s exchange-traded fund strategy can provide better returns in the long run, emphasizing companies … Read more
CNBC’s Jim Cramer on Friday guided investors through next week’s most important happenings on Wall Street, including earnings reports from homebuilders Lennar and KB Home, adding that the housing sector can be the “linchpin” of the economy. “Last night, I bemoaned that there aren’t enough stocks that are compelling away from tech,” Cramer said. “Let’s … Read more
Stock splits, long out of favor, are making a comeback. It started with Walmart, which announced a 3-for-1 stock split on Jan. 30, with the additional shares being distributed on Feb. 23. And from there, it picked up steam. On Thursday, Williams-Sonoma announced a 2-for-1 split, and on Wednesday, Broadcom announced a 10-for-1 split. Notable … Read more
CNBC’s Jim Cramer on Thursday said it’s no secret that the market rally has been driven by a handful of tech stocks, and it’s not likely to change anytime soon. Cramer said companies like Nvidia, Apple, Microsoft, Alphabet, Amazon, Oracle and now Broadcom have been integral to the rally. Broadcom shares closed up 12% on … Read more
Keith Gill, aka Roaring Kitty, hosting a YouTube livestream on June 7th, 2024. Source: Roaring Kitty | YouTube Meme stock champion Keith Gill, known as “Roaring Kitty” online, seemed to increase his ownership in GameStop‘s common stock and appears to be holding more than 9 million shares. Gill posted a new screenshot of his E-Trade … Read more
Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 12, 2024. Brendan McDermid | Reuters GameStop’s annual shareholder meeting was disrupted by computer problems Thursday, as servers crashed under overwhelming interest in the stream, a customer service representative for … Read more
CNBC’s Jim Cramer on Wednesday said the two most important forces in this market, the Federal Reserve and the technology sector, both got shocked “in a positive way” this week. The Fed held interest rates steady on Wednesday and revised its outlook to just one rate cut in 2024. But Cramer said this morning’s “very … Read more
Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference at the bank’s William McChesney Martin building on May 01, 2024 in Washington, DC. Chip Somodevilla | Getty Images The Federal Reserve on Wednesday projected only one rate cut for the remainder of 2024, down from its March … Read more
A holding page for Keith Gill, a Reddit user credited with inspiring GameStop’s rally, before a YouTube livestream arranged on a laptop at the New York Stock Exchange (NYSE) in New York, US, on Friday, June 7, 2024. Michael Nagle | Bloomberg | Getty Images A sell-off in GameStop shares intensified in afternoon trading Wednesday, … Read more
Keith Gill, a Reddit user credited with inspiring GameStop’s rally, during a YouTube livestream arranged on a laptop at the New York Stock Exchange on June 7, 2024. Michael Nagle | Bloomberg | Getty Images As Roaring Kitty continues to watch his favorite GameStop shares swing wildly, he might be contemplating what to do with … Read more
