Twenty-First Century Fox: “I think it’s fine. I think the stub is going to be worth a lot. I do absolutely prefer Disney. Why not go buy Disney? That’s the better [option].” Chimera Investment Corp.: “You can never even tell what they own. And I’m not going to recommend the stock of a company where […]
Read moreEnergy guru Charif Souki, the chairman and co-founder of Tellurian, told CNBC on Wednesday that the natural gas industry is going to need a major fund infusion to keep drilling. “We have so much natural gas in this country,” Souki told “Mad Money” host Jim Cramer. “Just the amount of gas that is already behind […]
Read moreCNBC’s Jim Cramer firmly believes that the financial stocks are the most important leadership group in the market, so he wanted to check in with some of its biggest players after earnings. When Cramer told viewers what to look for from the banks’ earnings reports last week, he anticipated the hefty, one-time charges many of […]
Read moreStock prices could soon be outrunning the herd. The S&P 500 has risen so quickly this month that it has already topped or matched many of Wall Street analysts’ freshly minted 2018 full-year forecasts, collected in CNBC’s strategist survey. The median target for year-end is currently 2,975, about a 6 percent gain from current levels. […]
Read more
Equity markets bounced back Wednesday after a wild ride in the previous session, and one top technical strategist sees a more pronounced decline ahead as we near the latter half of the month. The S&P 500 will likely see a loss of momentum in the coming sessions with a potential 4 to 5 percent pullback […]
Read more
While bitcoin may look like it will continue to crash and burn, its chart suggests it could be trying to find at least a temporary price floor. Technical analysts say it’s way too soon to say whether the price of the cryptocurrency is bottoming, after its stunning collapse, but they are watching the 100-day moving […]
Read more
We don’t know if we’ve just seen the moment of maximum upside energy for this bull market. But even if we have, history says there’s likely a fair slug of further gains left in this run before it finally ends. A market’s “momentum peak” is measured by various tools that capture the angle and persistence […]
Read more
Another day, another record-breaking milestone for the Dow Jones. The blue-chip index went over 26,000 for the first time ever Tuesday, just seven trading days after surpassing 25,000 and less than a year since hitting its monumental 20,000 level. Now, the question is, how soon will the Dow hit its next 1,000 point marker? Broad […]
Read moreGeneral Electric is likely breaking up its businesses as early as this spring and Wall Street is scrambling to evaluate which parts of the company have the legs to stand alone. Meanwhile, the sky continues to fall for GE and its value is going with it. Shares dropped 4 percent on Wednesday to just above […]
Read moreEquities are off to a strong start for 2018 — yet financial advisors say now isn’t the time to get complacent. The Dow briefly surpassed 26,000 for the first time Tuesday, with the S&P 500 and Nasdaq also hitting record highs. That is, before U.S. stocks pulled back sharply in the afternoon on fears of […]
Read more