Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: Stocks were poised to close out the week on a strong note. Friday’s gains put the S & P 500 on track for a…
My top 10 things to watch Wednesday, Jan. 15 1. Stock futures soared and bond yields fell after the December consumer price index came in slightly cooler to in-line versus consensus. That comes one day after a light wholesale inflation report. 2. JPMorgan reported a better-than-expected fourth quarter with revenues of $43.74 billion vs. $41.73…
New York City was hit by the first snow of the season on November 15, 2018. Erik Mcgregor | Lightrocket | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like…
My top 10 things to watch Monday, Dec. 2 1. Spending on Black Friday was a little stronger than expected, according to Mastercard data. It was up 3.4% overall while e-commerce was up 14.6%. Brick and mortar was up just 0.7%, which jibes with the performance over the last few weeks of Best Buy ,…
Traders work on the New York Stock Exchange (NYSE) floor on November 12, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market rotation: The Dow was the big winner Monday, tracking for its first close above 44,000. However, the pressure on the S & P 500 and…
The major stock benchmarks rallied Friday but were lower last week, with the Nasdaq leading the way lower after reaching new highs. In a heavy week of tech earnings, the Nasdaq lost 1.5% and broke a seven-week winning streak. The Nasdaq on Tuesday posted a record-high close of 18,712. The index finished 2.5% below Tuesday’s…
We’re buying 13 shares of BlackRock at roughly $987 each. Following Friday’s trade, Jim Cramer’s Charitable Trust will own 30 shares of BLK, increasing its weighting to 0.85% from 0.5%. With the stock market oversold, according to the S & P Short Range Oscillator momentum tool, we want to put cash to work in names…
Wall Street extended its weekly winning streak to six in a row. Earnings drove the stock market higher — can they do it again in the week ahead? The S & P 500 and the Dow both closed Friday at new record highs and turned in their best weeks of the year. But on a…
Something different happened Friday – so different that it took my breath away. The first Friday of earnings season has recently been such a jumble of tension that we had forgotten what it’s like to have multiple big quarters reported in the morning. But that was exactly what we got. It was surreal. BlackRock reported…