Wall Street bounced back Friday but still turned in a losing week. Questions about Federal Reserve interest rate cuts and rising geopolitical tensions dominated trade and will continue to be key themes to watch. Good jobs news — strong hiring last month with elevated but moderating wage inflation — was treated as such Friday. But … 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 Thursday’s key moments. U.S. stocks were flat on Thursday as the S & P 500 headed towards its strongest first-quarter performance in half a decade. The benchmark gauge advanced roughly 10% over the … Read more
This week’s strong market pushed three of our portfolio stocks well clear of our current price targets. Since these rallies look like they have legs, we’re taking our numbers up. Nvidia price target increased to $1,050 NVDA YTD mountain Nvidia YTD Coming off a bullish GTC conference where Nvidia CEO Jensen Huang made the case … Read more
Reddit’s public debut is not only a watershed moment for the social media company, but it also could deliver broad benefits for the Wall Street firm leading the multibillion-dollar deal: Club holding Morgan Stanley. On Thursday, Reddit will start trading on the New York Stock Exchange with a targeted valuation of around $6.5 billion . … Read more
The fourth quarter was pretty darn good for our stocks. Results were mostly better than expected, and many corporate leaders forecasted more of the same. For good reason: Businesses are starting to spend again, supply chain conditions continue to improve and the consumer remains resilient. Roughly 73% of companies in the S & P 500 … Read more
Wells Fargo ‘s run of form continued Wednesday, with shares hitting another 52-week high. Wall Street analysts see more upside ahead for what’s been the best-performing major U.S. bank stock in 2024. In fact, the stock’s session highs above $58 per share Wednesday were multiyear highs and only just over 13% away from all-time highs … Read more
It’s been a year this week since the collapse of Silicon Valley Bank sent shockwaves through the banking sector. While the crisis most directly affected the regionals, major U.S. financial institutions for most of 2023 also found their stocks under assault. Big banks, like Club holding Wells Fargo , were largely able to turn the … Read more
Shoppers are seen in a Kroger supermarket in Atlanta on Oct. 14, 2022. Elijah Nouvelage | AFP | Getty Images Rising gasoline prices likely put a floor under inflation in February, potentially reinforcing the Federal Reserve’s decision to take a go-slow approach with interest rate reductions. Economists expect that prices across a broad spectrum of … Read more
Since taking over as CEO of Wells Fargo in 2019, Charlie Scharf has been cleaning up the bank. He’s cleared six consent orders tied to past misdeeds there that predated his tenure. Management has eight more to go, a source told CNBC , including one from the Federal Reserve about six years ago that caps … Read more
Jim Cramer and Director of Portfolio Analysis Jeff Marks fielded a range of questions during the Club’s Annual Meeting on Saturday. Here’s a summary of their answers to some of the questions, including how to determine the number of shares to buy or sell and Jim’s advice on stock-picking for kids. 1. How do you … Read more
