When CNBC’s Jim Cramer talks about the “era of good feelings,” he’s not referencing the U.S. history books. “No, I’m talking about this week of Thanksgiving, where the buyers pay up and the sellers walk away,” the “Mad Money” host said. “It’s almost as if there’s a selling ban.” Cramer found more than a few […]
Read moreIt drives CNBC’s Jim Cramer crazy when people say that stocks are dangerous and overvalued “at this point in the cycle.” “I put air quotes around that phrase because whenever people say it, I feel like they’re trying real hard to put the stock market in the context of some sort of game,” the “Mad […]
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The retailers that are being crushed by Amazon have rallied in the past two weeks ahead of the holiday shopping period, but if history is a guide, they could underperform again after Thanksgiving. Bespoke Investment Group’s “Death by Amazon” index includes 62 brick-and-mortar retailers whose businesses have been hurt by Amazon and internet shopping. Since […]
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Marvell Technology Group President and CEO Matt Murphy told CNBC that he wasn’t expecting the market to react so positively to Marvell’s $6 billion deal to buy fellow chipmaker Cavium. “We’re actually pleasantly surprised,” Murphy told “Mad Money” host Jim Cramer on Tuesday. “The reaction we’ve gotten over the last few days as I’ve met […]
Read moreStocks are overpriced, but that may not be a problem, Peter Costa, president of Empire Executions, told CNBC on Tuesday. It seems that no matter what, the market continues to drive higher and higher. On Tuesday, the S&P 500, the Dow Jones industrial average, the Nasdaq composite and the Russell 2000 all closed at record […]
Read moreWhen CNBC’s Jim Cramer talks about the “era of good feelings,” he’s not referencing the U.S. history books. “No, I’m talking about this week of Thanksgiving, where the buyers pay up and the sellers walk away,” the “Mad Money” host said. “It’s almost as if there’s a selling ban.” Cramer found more than a few […]
Read moreAsia markets were set to open higher on Wednesday, taking overnight cues from Wall Street where stocks rose to record highs after a rally in tech names lifted the broader market. Australia’s SPI futures traded at 5,995, which was higher than the ASX 200’s last close at 5,963.52. Nikkei futures in Chicago traded at 22,665 […]
Read moreNow that Meg Whitman is stepping down as CEO of Hewlett Packard, there’s a “50/50 chance” she’ll run for president in 2020, O’Shares ETF Investments chairman Kevin O’Leary predicted on Tuesday. Whitman announced on Tuesday she would be leaving her role as CEO early next year. She will remain on the board. “Let me be […]
Read moreHackers stole data from 57 million Uber users and drivers, a breach that the company concealed for more than a year. Uber released a statement on the 2016 attack, and also published resources for riders and drivers. According to the statement, the hack was performed by two people on a third-party cloud service. The hackers […]
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The Nasdaq 100 just entered its longest bull market ever, rallying for nine years without a 20 percent decline, and that has one trader changing positions on his former bet against big tech. On Oct. 19, TradingAnalysis.com founder Todd Gordon made a bet that the Nasdaq 100-tracking ETF (QQQ) would fall after hitting a year-to-date […]
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