The are some “classic” signs of market bubbles in certain asset classes, according to VTB Capital’s Global Macro Strategist Neil MacKinnon, who believes that easy money from central banks is to blame. “I think what we’re seeing across some asset classes is the appearance of bubbles — we’re thinking of cryptocurrencies,” MacKinnon told CNBC Tuesday, […]

CNBC’s Jim Cramer defend Apple on Tuesday, saying a recent rare downgrade report “directly contradicts” the tech giant’s earnings call. Apple shares fell about 1 percent Tuesday after Nomura Instinet lowered its rating on the companyto neutral from buy. Analyst Jeffrey Kvaal told clients “the stock’s gains for the iPhone X supercycle are in the […]

The world around cryptocurrency is great, but investors should be a little more careful and know the risks, CNBC’s Jim Cramer said Tuesday. “I’m not denying the crypto world, I’m supporting the crypto world. I think that crypto is great,” Cramer said on “Squawk Box.” “But I think we have to be a little more […]

Bitcoin is a risky investment that could easily plunge 50 percent next week to levels seen only last month, said a former hedge fund strategist who is now a digital currency investor. But Dan Morehead, founder and CEO Pantera Capital, predicted Tuesday that bitcoin in the long run is likely to spike much higher than […]

Shares of Darden Restaurants jumped more than 4 percent in premarket trading Tuesday after the company’s earnings and sales outpaced expectations and it raised its forecast for fiscal 2018. The company, which owns a large portfolio of restaurants including Olive Garden, LongHorn Steakhouse and Yard House, among others, saw same-store sales of its legacy brands […]

Wall Street rarely talks about its mistakes, but Citi Research admitted in a note to clients that it messed up with its call on Walmart this year. Citi Research raised its rating for Walmart shares to buy from neutral, citing the company’s e-commerce progress. “We sat on the sideline with this name in ’17, which […]

Check out which companies are making headlines before the bell: Darden Restaurants – The Olive Garden parent earned an adjusted 73 cents per share for its second quarter, three cents a share above estimates. Revenue also beat forecasts and Darden raised its full-year forecast. Navistar – The truck maker reported fourth-quarter profit of $1.36 per […]

It’s a riddle, wrapped in a mystery, inside an enigma. Otherwise known as bitcoin. Bitcoin’s meteoric rise has captivated Wall Street and Main Street alike. Among one of the biggest unknowns surrounding the cryptocurrency is how to value it, and it’s stumped even the most veteran market watchers. Enter Robert Shiller, who has made an […]

It’s not the Federal Reserve‘s job to protect investors from losses in the stock market, Minneapolis Fed President Neel Kashkari said Tuesday. During an appearance on CNBC’s “Squawk Box,” Kashkari said the central bank keeps a tab on asset prices and signs of financial instability, but he added it’s unwise to use monetary policy to […]

One portfolio manager is keeping a close eye on the capital goods orders report due out on Friday before the opening bell. There will be no better indicator than this report of whether a strong stock market is reflective of a relatively strong underlying economy, said Kevin Caron, portfolio manager at Washington Crossing Advisors. Here […]