As CNBC’s Jim Cramer watched the averages jump to new intraday highs on Monday, he wondered about the welfare of one very strong sector: the cyclicals. “There’s a shortage of good cyclical stocks,” the “Mad Money” host said. “I never thought I’d say that because we’ve had such a prolonged period of slow growth where […]
Read moreIn light of Campbell Soup’s purchase of snack brand Snyder’s-Lance and Hershey’s deal to buy the parent company of SkinnyPop, CNBC’s Jim Cramer wanted to revisit the food space. The unexpected strength is “not just [in] the pantry,” the “Mad Money” host said. “This miraculous supermarket strength extends even to other parts of the frozen […]
Read moreInvestors who think they’ve missed the market’s big move might have a point, but they could also be underestimating the upside ahead, CNBC’s Jim Cramer argued on Monday. “Companies just won’t stop making themselves more appealing,” the “Mad Money” host said. “This morning, Campbell Soup bought Snyder’s-Lance … for $4.9 billion. They transformed themselves from […]
Read moreEmerging markets are up more than 33 percent this year, but there are a few tail winds starting to appear that could derail one of the year’s hottest trades. The EEM ETF has fallen more than 2 percent since hitting year-to-date highs near the end of November. Gina Sanchez, CEO of Chantico Global, says that […]
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One “A” share of Warren Buffett’s Berkshire Hathaway will set you back about $300,000 as of Monday. The conglomerate’s most expensive share class touched that milestone for the first time in the morning before dipping back. It closed trading on Monday at $299,360, up 1.04 percent. It has outperformed the S&P 500 this year — […]
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The Dow Jones industrial average just did something it has never done in its 121-year history. The 30-stock average is now up more than 5,000 points in a year, marking its biggest annual-points gain ever. This following a 140-point rally Monday which sent it to an all-time high. The Dow also notched a record close […]
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A hedge fund run by legendary investor Bill Miller is now half invested in bitcoin. “It’s just about 50 percent right now,” Miller said regarding his MVP 1 fund on the WealthTrack podcast with Consuelo Mack released last week. Miller founded Miller Value Partners in 2016 after a 35-year career at Legg Mason, where he […]
Read moreShares of cloud company Akamai jumped 15 percent Monday after investment firm Elliott Management said it bought a 6.5 percent stake in the company. The hedge fund said on Friday the stock was undervalued and that Akamai’s $9.7 billion market value didn’t reflect the uses of its platform, which speeds up content delivery over the […]
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Goldman Sachs predicts the calm markets will continue next year and found the stocks that thrive in a low-volatility environment. The firm recommends a strategy based on a ratio from a Nobel Prize–winning economist. “Low volatility across asset classes has been a defining characteristic of 2017. For equities, realized volatility ranks in the 1st percentile […]
Read moreShares of CSX Corporation fell 2 percent in premarket trading Monday in the wake of CEO and railroad turnaround specialist Hunter Harrison’s passing on Saturday. The executive was renowned in the industry for his ability to save struggling freight railroads, having spent years reforming two of Canada’s largest railways before taking the helm at CSX […]
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