Bitcoin is the new gold. The Federal Reserve is tightening. Interest rates are going higher. So, there is no need for gold anymore. Wrong. Sure, the yellow metal has declined nearly 7 percent since September, now trading below its 200-day moving average for the first time since July, the Fed is about to hike rates […]
Read moreAfter doing some homework on the “roller-coaster” stock of Acadia Pharmaceuticals, CNBC’s Jim Cramer came back with a surprisingly positive take on the pharma play. “A lot of people don’t like roller-coasters, so even if you like what I’m about to say about the stock, it may not suit you. That said, I think that […]
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For those looking to invest in experience and lifestyle, golf might be their next ace in the hole. At least that’s what Erik Anderson, the co-chairman and CEO of privately-held entertainment company Topgolf, told CNBC on Monday. Topgolf, a budding chain of sports-bar-meets-driving-range entertainment centers, has been growing in popularity among non-golfers. (Golf equipment maker […]
Read moreThe midwinter bounce in auto parts stocks O’Reilly Automotive, Advance Auto Parts and AutoZone did not go unnoticed by CNBC’s Jim Cramer. “First AutoZone and O’Reilly bounced from their lows over the summer, then Advance Auto Parts seemed to bottom last month. It’s now up 28 percent from its lows on Nov. 8,” the “Mad […]
Read morePlenty of people are worried about the stock market’s seemingly endless rally, but CNBC’s Jim Cramer is more interested in the drivers behind it. “Stocks have indeed come very far very fast, we’re right on the cusp of multiple rate hikes, there was a terrorist attack in Times Square, we’ve got a special prosecutor investigating […]
Read moreBitcoin futures are up and running, but trading volumes are on the light side. Cboe CEO Ed Tilly is saying the start of bitcoin futures has been a success. “Our regulated market experienced a smooth operational open and orderly markets throughout the evening trading session. We look forward to the growth of this new derivatives […]
Read moreGoldman Sachs upgrades ADP because the payroll processor with a largely domestic footprint will be an “outsized beneficiary” of the corporate tax cut. Goldman also cited strong new bookings for its upgrade. Shares of ADP were up 1.7 percent in premarket trading Monday after the call. A reduction in the corporate rate to 20 percent […]
Read moreCheck out which companies are making headlines before the bell: Fitbit — Fitbit announced Friday it had reached a “global settlement” with former wearables maker Jawbone which ends all outstanding civil litigation. Jawbone sued Fitbit in 2015, claiming they trade secrets and market research, among other information. Juno Therapeutics, Celgene — Juno and Celgene shares […]
Read moreFueled by an investor appetite for liquid alternative investment strategies, hedge fund conversions have been a growing trend over the last few years. With growing concerns about hedge fund returns and structure, interest in hedge fund conversions has spiked. These funds, typically offered in the form of a mutual fund, provide entree to a proven […]
Read moreSometimes, CNBC’s Jim Cramer is content with taking things at face value. That’s at least how the “Mad Money” host felt about the U.S. Labor Departments nonfarm payroll report on Friday, which showed healthy job growth with little inflation. “The jobs report, frankly, had something for everyone,” Cramer said. “Good manufacturing growth, … tame wage […]
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