After President Donald Trump disbanded his strategic and manufacturing councils as top CEOs denounced his reaction to the fatal violence at a Charlottesville, Virginia, protest, Jim Cramer expected the stock market to collapse. But it didn’t. Instead, the S&P 500 Index, the Dow Jones Industrial average and the Nasdaq composite all traded upward and equities […]
Read moreAs major U.S. retailers continue earnings season with their quarterly reports, Jim Cramer spotted some that managed to fend off the storm cloud that is e-commerce giant Amazon. “Despite the endless onslaught from Amazon, not every retailer is rolling over here. We’re starting to see some chains that can actually compete, that can even win, […]
Read moreThe Federal Reserve’s meeting minutes published Wednesday afternoon revealed the central bank is quite divided when it comes to future interest rate increases, and one portfolio manager laid out in a interview with CNBC’s “Trading Nation” how the Fed’s upcoming hikes may begin affecting markets. “What the Federal Reserve is going to do with their […]
Read moreAfter a stellar earnings report, with a surprising 1.3 percent gain in same store sales, Target shares are up only 3 percent today, after dropping 23 percent for the year. Huh? Target not only beat expectations, it raised full-year numbers by nearly 10 percent. But the stock is up a measly 3 percent. That tells […]
Read moreCiti Research upgraded Mylan shares, saying the generic drug manufacturer is “the best positioned” after a disappointing earnings season for the industry. “While we acknowledge that the stock could be impacted by broader generic industry challenges, we see MYL as better positioned,” wrote Citi analyst Liav Abraham in Tuesday’s note to clients. “We see optionality […]
Read moreJosh Brown believes strong investor confidence in the power of large companies and CEOs is outweighing the turmoil in the President Donald Trump administration. CNBC’s Brian Sullivan asked the CEO of Ritholtz Wealth Management why the market isn’t significantly reacting to the latest executive resignations from corporate advisory councils Wednesday. “Because multinationals are the new […]
Read moreBillionaire hedge fund manager Bill Ackman revealed he bought protection against a stock market drop due to rising geopolitical risk. Ackman said the firm took a “small position” in out of the money call options on a volatility index during Pershing Square Capital Management’s second-quarter conference call Wednesday. This hedge “will protect against stock market […]
Read moreMore pain is ahead for this year’s worst-performing sector, according to strategists who see oil prices dragging energy stocks even lower. With crude near $47 after starting off the year above $54, Stephen Schork, founder and editor of The Schork Report, says the commodity will not get back above $50 per barrel anytime soon. “Certainly, […]
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As the Trump administration looks to take a tougher stance against Beijing, Chinese investments into the U.S. have more than halved this year, according to Dealogic. “Amid growing regulatory scrutiny of China outbound M&A targeting the U.S., volume has seen a 65 percent year-on-year decline in 2017 year-to-date,” Nicholas Farfan and Karl But of Dealogic […]
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The long-running bull market could be on its last legs, says PNC’s Bill Stone. “I want people to get a little careful because we’ve gone so much longer than normal without even a 5 percent pullback,” Stone said Tuesday on CNBC’s “Futures Now.” According to the global chief investment strategist at PNC Asset Management, the […]
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