This is a big day. With the Senate nearing a vote on its tax bill, corporate tax cuts are getting much more real. Aside from the global economic expansion and the record earnings this expansion is producing, the biggest marginal mover for the stock market has been tax reform. If you doubt this, note that […]
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Wall Street could get a big Santa Claus rally in December, especially in the second half of the month, history shows. The Dow Jones industrial average, S&P 500, Nasdaq 100 and Russell 2000 all averaged returns of at least 1.8 percent in the final month of the year since 1987, according to CNBC analysis using […]
Read moreAs the Dow Jones industrial average soared over 330 points on Thursday, CNBC’s Jim Cramer addressed the reasons behind the market’s wildly positive action. “Investors decided they were willing to pay more for stocks because good, old-fashioned companies, not just autonomous-driving, bitcoin-operated, artificial-intelligence-led, machine learning [plays], keep delivering upside surprises,” the “Mad Money” host said. […]
Read moreCNBC’s Jim Cramer is always on the lookout for the market’s most powerful secular trends, so the rise of electric vehicles wasn’t exactly lost on him. There’s just one problem. “When one of these themes gets big enough, when people realize it truly represents a major secular shift, a tectonic shift, in consumer behavior like […]
Read moreCNBC’s Jim Cramer hates parabolic moves, like the one he noticed in bitcoin’s rapid surge on Wednesday. “I particularly despise parabolic rallies, the kind with a huge upward slope, when you see them in slower growing industries. There’s a word for that kind of action, and the word is ‘unsustainable,'” the “Mad Money” host said. […]
Read moreIt’s been a tough week for the FAANG stocks — though a few bounced back today. Facebook, Apple, Amazon, Netflix and Google parent Alphabet are all down for the week, anywhere from roughly 1 percent to 4 percent. That doesn’t sound like much, but when you’re dealing with this group, you’re in the biggest league […]
Read moreThe cost of Apple’s iPhone X debuted at a whopping $1,000. That’s enough to see Billy Joel live in concert 10 times, spend nine days at Disneyland or take a cruise through the Caribbean. If you invested that amount in Apple stock 10 years ago, you’d have $6,228 as of October 31 of this year […]
Read moreFinancial stocks were supposed to be one of the big winners in 2017, but instead ended up badly lagging the market for most of the year. Analysts, though, are willing to give the sector another shot heading into 2018. With stronger economic prospects, higher interest rates and lowered regulatory barriers on the horizon, at least […]
Read morePresident Trump said Thursday the stock market would be much lower than its current record high if he lost the election last year. Tweet Link “If the Dems had won the Presidential Election, the Market would be down 50% from these levels,” he wrote on Twitter. The Dow Jones industrial average rose more than 170 […]
Read moreNasdaq president and CEO Adena Friedman said Friday that plans for the exchange to launch futures tied to bitcoin are only at an early stage. In a report Thursday, Nasdaq officials told CNBC that it wanted to launch bitcoin futures as soon as the second quarter of 2018. But Friedman downplayed that timetable during a […]
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