A shopping cart sits in front of a Dick’s Sporting Goods store on August 26, 2020 in Daly City, California. Justin Sullivan | Getty Images News | Getty Images Dick’s Sporting Goods on Wednesday said customers are spending more on new sneakers and athletic gear, leading the retailer to raise its full-year earnings guidance. Shares … Read more
A T.J. Maxx store in Pasadena, California. Mario Anzuoni | Reuters Off-price retailers like TJX Companies and Ross are still posting sales gains and taking market share from rivals, but it’s not just because consumers are under pressure and hunting for value. Persistent inflation and rising prices for essentials like food and gas have pushed … Read more
There was a good deal of divergence this week as higher bond yields on a hotter-than-expected reading on manufacturing activity slammed the economically sensitive Dow Jones Industrial Average , while an incredible quarter from Nvidia powered the Nasdaq . The S & P 500 , which leans more tech than the Dow and less tech … 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.) Fed foils stocks : The market … 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.) No big swings : The market … 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 Monday’s key moments. U.S. stocks advanced on Monday, putting the S & P 500 and Nasdaq Composite on pace for record closes. The Dow Jones Industrial Average was basically flat. Club holding Nvidia … Read more
My top 10 things to watch Monday, May 20 1. Welcome to Nvidia week: The chipmaker’s highly anticipated quarterly earnings report hits Wednesday after the bell. Several research firms lifted their price targets heading into the print, including Barclays (to $1,100 from $850) and Stifel (to $1,085 from $910). In my Sunday column , I … Read more
CNBC’s Jim Cramer on Friday guided investors through next week’s earnings-filled schedule on Wall Street, saying to pay special attention to the report from Nvidia, one of the biggest players in the artificial intelligence space. “Lots to love next week, but, look, for many it’s really just going to be about Nvidia,” he said. “I … 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 wrap: It’s day two of … Read more
My top 10 things to watch Friday, May 17 1. Wall Street heads for a flat open Friday, tracking to complete a strong week that was kicked into high gear Wednesday on a cooler-than-expected April consumer price index. The S & P 500 and the Nasdaq hit records again during Thursday’s session but closed slightly … Read more
