Schlumberger’s third-quarter earnings results shed more light on the state of the oil and gas industry than Wall Street realized, CNBC’s Jim Cramer said on Monday. “The long-term commentary here was a lot more bullish than some people seem to realize. After spending years in purgatory, Schlumberger now says that the oil industry’s about to […]
Read moreWhile the chances of lawmakers drastically cutting 401(k) contribution limits are slim, CNBC’s Jim Cramer still doubled down on why the cuts would be especially harmful to the middle class. “The whole point of a 401(k) plan is that your contributions are tax-deductible up to $18,000 a year. They want to slash that to $2,400? […]
Read moreAs the record-hitting market charges into one of the biggest earnings weeks of 2017, CNBC’s Jim Cramer highlighted a unique group stocks that have proved to be major winners. “The biggest winners so far of the earnings season ahead of what’s going to be an amazing week? It’s the stocks of companies that were supposed […]
Read moreThe dust-up over 401(k)s is a good opportunity to remind everyone how bad the state of the average person’s retirement plan is. The good news: the total value of investment in 401(k)s and other defined contribution plans are at a new high, thanks to the stock market rally. The bad news: the numbers are still […]
Read moreEarnings growth is about to slow down, David Kelly, JPMorgan Funds chief global strategist, told CNBC on Monday. Earlier Monday, the Dow, S&P and Nasdaq hit record highs. Kelly attributes this to people feeling good about the economy, among other things, but he isn’t optimistic for the future. “I think by the second-half of next […]
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UPS has been one of the biggest laggards in the industrials sector this year, but one technician says the charts are pointing to a big breakout on earnings this week. The transportation stock has been a strong market performer since its IPO in 1999; however, UPS has significantly lagged the broader market since its low […]
Read moreWall Street is torn on General Electric, the one-time favorite blue chip for long term investors, which is now facing an identity crisis and possible dividend cut. Major research shops downgraded and upgraded the industrial company following its third-quarter earnings miss Friday. The firm’s September quarter profits were hit by restructuring costs and weak performance […]
Read moreIntense price swings in cryptocurrencies are luring the highest-volume traders on Wall Street as they search for relief from the low volatility blanketing financial markets. Proprietary trading firms, which bet their own capital in markets from stocks to futures, are wading into bitcoin, ethereum and other cryptocurrencies better known as a playground for small speculators […]
Read moreNvidia, the best-performing stock over the past year, will thrive from the artificial intelligence technology trend, according to one Wall Street analyst. Jefferies reiterated its buy rating for Nvidia shares, predicting the chipmaker will report profits above expectations in fiscal 2019, which begins in February. Nvidia’s graphics processing chips have become popular with gaming, and […]
Read moreThe U.S. is deeply divided politically and socially because of an escalating wealth disparity between the top and bottom tiers, according to Ray Dalio, who manages the largest hedge fund in the world. That gap is “our biggest economic, social and political issue” and played a significant role in Donald Trump‘s presidential election victory last […]
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