In his decades of investing, CNBC’s Jim Cramer has never liked the month of September. But this one turned out to be different. “Somehow, we didn’t get hit with a tidal wave of selling that many expected … despite all the sturm und drang about little Rocket Man in North Korea or the sheer impotence […]
Read moreSeptember saw the reflation trade come roaring back, and it’s likely to have legs in the fourth quarter. By “reflation” I mean expansion, as in expanding economies, not necessarily inflation. Bulls are betting that the combination of slow but persistent global growth and prospects for tax cuts in the U.S. will keep the markets at […]
Read moreBoeing is enjoying an impressive winning streak. The company’s shares just logged their sixth consecutive quarter of gains, and have risen in 11 of the last 13 months. The stock is on pace to close out this quarter as the Dow’s best performer, wrapping up its best quarter since 2009. And the aircraft manufacturer has […]
Read moreBiotech stocks fell Friday, a day after the U.S. Food and Drug Administration made its database of side effects for medicines searchable. Sarepta Therapeutics, Ionis Pharmaceuticals, Biogen and Acadia Pharmaceuticals all traded lower Friday morning as investors turned up reports on their medicines on the FDA’s Adverse Events Reporting System. The problem? It’s not clear […]
Read moreAs U.S. stocks continue to grind higher, closely followed strategist Jeff Saut told CNBC on Friday that the current bull market likely has about six to eight years left to run. “Secular bull markets have three legs. The first leg ended in May of 2015,” said Saut, chief investment strategist at Raymond James. “We started […]
Read moreCNBC’s Jim Cramer said Friday that Wall Street is witnessing the best bull market in homebuilders that he can “ever recall” but Congress is “fooling around” with it. After the bell Thursday, homebuilder KB Home beat Wall Street’s quarterly earnings and revenue estimates and saw average selling prices rise by 12 percent, with profit margins […]
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Treasury yields rose suddenly on reports that Kevin Warsh, a former Fed governor, met with President Donald Trump Thursday to discuss his potential nomination as Fed chair. Warsh has increasingly been seen as a leading candidate to replace Fed Chair Janet Yellen and bond traders view him as a hawkish choice. The PredictIt probability market […]
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September has historically been the least volatile month of the year, but volatility this September is the lowest it’s ever been, says LPL Financial’s Ryan Detrick. “So far this year, 40 basis points is the average intraday move that we’ve seen so far on the S&P 500 this September, which is the least volatile ever,” […]
Read moreShares of Zogenix zoomed 150 percent in premarket trading Friday after positive results from a study on its treatment of a rare form of epilepsy. At one point in early premarket trading where volume is light the shares had tripled. The biotechnology company reported significant results in a Phase 3 trial of its drug ZX008, […]
Read moreThe war over who will create the framework for next-generation artificial intelligence will likely be the biggest corporate battle in the near future, Applied Materials President and CEO Gary Dickerson told CNBC on Thursday. In an interview with “Mad Money” host Jim Cramer, Dickerson said that waiting for operating system upgrades and new mobile phone […]
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