CNBC’s Jim Cramer didn’t want to be so quick as to write off Thursday’s rally to the House of Representatives passing its first iteration of tax reform. Instead, the “Mad Money” host argued that much of the rally resulted from the performance of two stocks, Cisco and Wal-Mart, “which pleasantly surprised us with their numbers. […]
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Several stocks are trading at extreme levels, and a top technician says one name has even more room to run. In the S&P 500, 17 stocks are trading 25 percent or more above their 200-day moving average. Among them are Nvidia, Michael Kors, PayPal, Estee Lauder and PulteGroup. Although retailer Michael Kors is trading 36 […]
Read moreRepublicans passing a tax reform bill would be nice for stocks, but strong earnings are really what will take the market higher, closely followed strategist Bob Doll told CNBC on Thursday. Tax reform “is important, but it’s not the whole ball game,” said Doll, Nuveen Asset Management’s chief equity strategist. “The ball game is earnings. […]
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Chinese traders on the Shanghai Futures Exchange are increasingly influencing the price for copper, rather than on the London Metal Exchange, analysts say. “We’re seeing the center of gravity in the metals pricing shift to China,” said Dane Davis, commodities research analyst at Barclays. China accounts for nearly half of the world’s consumption of copper, […]
Read moreCiting the “extreme deterioration” in the company’s energy business, Moody’s Investors Service on Thursday downgraded General Electric‘s long-term debt. The ratings agency knocked the senor unsecured bonds down to A2 from A1, which is still investment-grade debt but is now six steps away from Moody’s highest rating. A2 is considered upper medium grade. The move […]
Read moreCharter Communications director John Malone tells CNBC several firms have talked to the cable company about a potential merger or acquisition. The company has received “four different approaches,” Malone said in an exclusive interview with CNBC’s David Faber Thursday at the Liberty Media annual investor meeting. “The problem is none of them at this point […]
Read moreIran-Saudi Arabia tensions, a potential debt default in Venezuela and a territorial dispute in Iraq — those are just some of the reasons that geopolitics matters to the price of oil right now, according to the chief oil analyst at Energy Aspects. Speaking to CNBC on Thursday, Amrita Sen said that there were a number […]
Read moreShares of L Brands sunk about 6 percent before the opening bell on Thursday, after it continued to struggle with weakness in its Victoria’s Secret business. The once high-flying brand now competes against a host of new competition including American Eagle’s Aerie. The brand has also been hurt by a decline in mall traffic. Third-quarter […]
Read moreJohn Malone says Amazon is a 'Death Star' moving in 'striking range of every industry on the planet'
Liberty Media Chairman John Malone believes Amazon will dominate the future and is the only company that has a chance to beat Netflix. Netflix CEO Reed Hastings “has been successful in throwing hail Mary passes and then growing into them. And I think he is going to continue doing that. He’s got a great service. […]
Read moreWill the stock market boom go bust or at least slow — and if so, when and why? Not for at least another 12 months — and perhaps not until sometime after 2019 — and then most likely only due to “natural” causes, said speakers at the opening Tuesday night keynote at the Charles Schwab […]
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