With the stock market locking in the largest weekly gain since March, CNBC’s Jim Cramer wondered if newfound optimism around trade and U.S.-China relations could continue. “To some degree, I think that’s wishful thinking,” the “Mad Money” host admitted on Friday. “But, hey, wishful thinking worked when it came to the unlikely progress between North […]
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Health care stocks whipsawed on Friday as President Donald Trump unveiled his long-awaited plan to lower prescription drug prices, dubbed “American Patients First.” The sector briefly turned negative before trading 0.8 percent higher. Shares of Express Scripts and CVS both hit session lows before rising 3.1 percent and 2 percent, respectively. Dow Jones industrial average […]
Read moreInvestor reaction to stellar first-quarter earnings reports has been notoriously tepid, with consumer stocks a particularly glaring example of this unusual trend. Profits broadly are on track to grow nearly 26 percent for the three-month period, the strongest showing in nearly eight years. Stocks, by contrast, have not benefited. The S&P 500 is up barely […]
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A tumultuous period capped by the U.S. exit from the Iran nuclear deal is finally coaxing investors off the sidelines and into the beaten-up energy sector. President Donald Trump‘s decision this week to restore punitive sanctions on Iran, OPEC’s third biggest producer, has dominated discussion of oil markets and energy stocks. However, analysts say the […]
Read moreKohl’s shares may underperform because cold weather kept customers from visiting stores during the first quarter, according to one Wall Street firm. Credit Suisse cut its rating to neutral from outperform for Kohl’s shares, predicting the retailer will report lower-than-expected sales growth for its first quarter. A much cooler start to spring compared to the […]
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Verizon Communications shares should rise this year as a healthy dividend yield lures investors ahead of clarity on its path for 5G wireless, according to J.P. Morgan. The firm raised its rating on the company’s shares to overweight from neutral, foreseeing a better competitive climate over the next 12 months. “Verizon seems to be the […]
Read moreSome investors are betting on shares of homebuilders to outperform U.S. stocks at large, but with interest rates expected to rise they may have to wait several months before those bets pay off. The U.S. economy looks ideal for homebuilding stocks to benefit. The unemployment rate has fallen to its lowest level in more than […]
Read moreThe technology sector is making its comeback, closing in on record highs after a months-long pause. Even as it roars back, one strategist says Wall Street is underestimating its potential. “Guidance was very, very good for this group and the first-quarter numbers were more impressive than any other sector that we’ve seen,” Lindsey Bell, investment […]
Read moreCheck out the companies making headlines before the bell: Nvidia — Nvidia reported adjusted quarterly profit of $2.05 per share, well above the consensus estimate of $1.47 a share. The chipmaker’s revenue also comfortably topped Wall Street’s forecasts, with gaming revenue jumping 68 percent, and Nvidia also gave an upbeat current quarter forecast. The company’s […]
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The markets are testing key levels, and the next move could set the tone for the rest of the year. I’m watching to see if the S&P 500 can break more meaningfully above its trend line from the January highs. If it can, I think it will present a great opportunity for investors to adjust […]
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