If someone had told CNBC’s Jim Cramer that he would someday see nonfarm payrolls increase by 228,000 without an immediate rise in interest rates, he would’ve called them insane. But that’s exactly what Friday’s jobs report from the U.S. Department of Labor showed, with jobs in education and health services, professional services and manufacturing making […]
Read moreCNBC’s Jim Cramer is always on the hunt for strong secular growth trends, and lately, he’s been eyeing one that he just can’t seem to brush off: protein and millennials’ obsession with it. “I know this sounds silly. They made fun of me on ‘Squawk on the Street‘ when I said it. ‘They like protein.’ […]
Read moreOne of Wall Street’s top strategists and a longtime bitcoin fan has unveiled his top stock ideas to clients as a way to play the cryptocurrency craze. Fundstrat’s Tom Lee was the first major strategist to issue an official price target on bitcoin and now becomes the first to give clients direct bitcoin equity plays. […]
Read moreThe good times are not over yet for U.S. stocks, according to John Stoltzfus, chief investment strategist at Oppenheimer Asset Management. On Friday, Stoltzfus forecast the S&P 500 to reach 3,000 next year, making him the biggest bull on Wall Street. “Going forward we expect many of the same thematics from 2017 to apply in […]
Read moreI have long believed that to be a financial advisor is to serve in a noble profession. In fact, given the impact finances can have on our lives, I consider the financial advisory profession approaching the importance of what physicians may do to positively impact patients’ physical and mental well-being, or what clergy do to […]
Read moreCheck out which companies are making headlines before the bell: General Motors — In a roundup of auto companies, Piper Jaffray wrote in a note that General Motors is “very cheap” compared to others in the industry. The firm views GM as “the second least-risky” company in its coverage and named the motor city giant […]
Read moreSteinhoff shares plunged another 50 percent on Friday, before recovering as traders booked profits on short positions taken out after the South African retailer disclosed accounting irregularities earlier this week. More than $12 billion has been wiped off the market value of the owner of Conforama furniture stores and Poundland discount shops since Wednesday, when […]
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The bitcoin craze could pose a real risk to the broader market next year, according to Deutsche Bank. Torsten Slok, the firm’s chief international economist, sent to clients a list of significant risks to the market in 2018. Included on that list: A crash in the price of bitcoin, higher inflation and the threat of […]
Read moreWith the CBOE, CME and Nasdaq hopping aboard the bitcoin train to offer their own derivatives of the wildly popular cryptocurrency, CNBC’s Jim Cramer issued a warning about the craze. “After its recent ascent, bitcoin’s become some sort of abstruse casino game that seems to have only winners and no losers. You’ve got to like […]
Read moreBitcoin futures are set to begin trading Sunday at the CBOE and a week later at the CME, and retail brokerages are bracing. Interactive Brokers‘ founder Tom Peterffy said on CNBC’s “Fast Money” on Thursday, his concern is that the cryptocurrency could continue to rise to $100,000 or more before crashing to zero, and could […]
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