Another banner year for Costco shares has prompted some on Wall Street to question whether the stock is out over its skis. Jim Cramer knows where he stands: Let it ride. Shares of Costco are coming in hot ahead of earnings Thursday evening. The stock posted an all-time closing high Friday of $992.61 — and…
Technology stocks stood tall in the first week of December trading, helping the S & P 500 and Nasdaq Composite finish Friday’s session at record closing highs. The tech-heavy Nasdaq lead the way with a 3.3% gain for the week. The S & P 500 closed nearly 1% higher. Both indexes are now riding three-week…
Feeling shut out of this hot market? Maybe some FOMO — fear of missing out. You’re not alone. The S & P 500 keeps plowing through record highs in the first week of December after November posted the best monthly gains of the year. All that buying, however, has pushed the market into overbought territory,…
My top 10 things to watch Friday, Nov. 15 1. President-elect Donald Trump’s decision to nominate prominent vaccine skeptic Robert F. Kennedy Jr. to lead the Department of Health and Human Services has vast implications for drug companies. That’s why shares of pharma stocks, and vaccine makers in particular, sold off late Thursday when reports…
David Einhorn speaking in New York City on April 3, 2024. Adam Jeffery | CNBC Hedge fund investor David Einhorn’s cautious stance all year made his performance suffer as he navigated what he believes is the priciest stock market of his career at Greenlight Capital. Einhorn’s hedge fund returned just 9% in 2024 through the…
President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. Drew Angerer | Getty Images Talk about an eventful week. Normally, when the Fed cuts interest…
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC Universal Music Group, home to stars including Taylor Swift, Billie Eilish and Drake, will move its primary stock exchange listing to the United States from the Netherlands following antisemitic attacks…
Wall street analysts feel good about one of our retail stocks but apprehensive about another. The news on Home Depot Telsey Advisory Group, a leader in retail industry analysis, upgraded Home Depot stock to a buy-equivalent outperform on Friday. The research firm also increased its 12-month price target to $455 per share from $360, implying…
A specialist trader works inside a post on the floor at the New York Stock Exchange on Oct. 23, 2024. Brendan McDermid | Reuters Treasury yields rose in early trading Tuesday evening as investors awaited results from the tight presidential race between Vice President Kamala Harris and former President Donald Trump. The 10-year Treasury yield traded 5…
People shop in an Abercrombie & Fitch store in midtown Manhattan on October 24, 2024 in New York City. Spencer Platt | Getty Images Former President Donald Trump‘s universal tariff proposals could cause prices to skyrocket on clothing, toys, furniture, household appliances, footwear and travel goods, according to a new report from the National Retail…