Closely followed trader Art Cashin warned on Friday that Wall Street could witness a “major shudder” if President Donald Trump imposes a tariff on steel. “I think people would worry about trade wars and where we are going from there,” UBS’ director of floor operations at the New York Stock Exchange said on CNBC’s “Squawk […]
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The first half of the year comes to a close Friday, and it certainly has been a strong period for stocks. Year-to-date gains through Thursday: the Dow was up 7.7 percent, the S&P 500 is up 8 percent and the standout Nasdaq has soared over 14 percent. Over the past two decades, stocks have generally […]
Read moreA daily morning look at the financial stories you need to know to start the day. STOCKS/ECONOMY -Stock futures are higher this morning after Thursday’s broad selloff. We get personal income and spending data this morning along with consumer sentiment. -St. Louis Fed President James Bullard says more Fed rate hikes now would be too […]
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As technology stocks dive and the tech-heavy Nasdaq Composite is set to log its first monthly loss since October, some strategists are forecasting further weakness for technology in the near term — with an upward resumption further out. “The sector is in for what I call an intermediate-term correction,” Robert Sluymer, technical strategist at Fundstrat […]
Read moreCheck out which companies are making headlines before the bell: Bank of America – Berkshire Hathaway will exercise warrants to buy 700 million common shares of Bank of America, using its $5 billion in preferred shares as consideration. Its exercise price is just above $7.14 per share, well below where Bank of America is currently […]
Read moreBecause of an astute investment made in Bank of America six years ago while the bank was struggling, Warren Buffett is about to make a quick $12 billion and become the financial institution’s largest shareholder. Buffett‘s Berkshire Hathaway said Friday it will exercise warrants in Bank of America that will allow it to acquire 700 […]
Read moreJim Cramer finally revealed the secret to how he picks a stock. One of the easiest ways for the “Mad Money” host to identify stocks that should be on his radar is to look at the new-high list. These are stocks that hit new highs in trading for the day, especially on days when the […]
Read moreJim Cramer is passionate about giving investors the tools to know when the right time comes to make big moves with their portfolios. “I want to talk about selling, which, along with when you buy, may be the most important and undervalued tool in your home arsenal,” said the “Mad Money” host. Investors can make […]
Read moreLearning how to trade around a core position in a portfolio can be an investor’s best technique to buck market volatility. In fact, it was one of the techniques Jim Cramer used to become successful on Wall Street. “This is a discipline that is incredibly useful, especially in volatile, crazy markets,” the “Mad Money” host […]
Read moreJim Cramer decided it was time to arm investors with the same techniques he uses to determine when to buy a stock. “What I am teaching you are really what I call ‘tells.’ They are signals that a stock might be worth owning — that it is worth your time and effort to go through […]
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