(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) On-line sports betting company DraftKings (DKNG) has yet to recoup its losses associated with the stock market’s tariff-related sell-off. DKNG peaked in mid February (same as the S & P 500 Index) and then sold off hard, until ricocheting in early April (same as…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. The S & P 500 was under mild pressure Friday but headed for another strong week, with a gain of more than 1%. Health-care stocks continued to bounce back…
The stock market’s valuation is giving dot-com bubble vibes. Bank of America strategist Michael Hartnett pointed out that the S & P 500 is trading at 5.3 times its price-to-book value. His data shows that valuation is higher than that in March 2000 — when the internet bubble peaked and began to burst, eventually sending…
UnitedHealth Group Inc. signage on the floor of the New York Stock Exchange on April 21, 2025. Michael Nagle | Bloomberg | Getty Images Stock Chart IconStock chart icon UnitedHealth Friday Shares of UnitedHealth were down nearly 50% for 2025 through Thursday’s close before Buffett’s filing. The largest private health insurer has become the face…
DC Attorney General Brian L. Schwalb speaks during a DC Mayoral and Council swearing-in ceremony at the Walter E. Washington Convention Center on Monday January 2, 2023 in Washington, DC. Matt McClain | The Washington Post | Getty Images Washington, D.C., Attorney General Brian Schwalb filed a lawsuit Friday challenging President Donald Trump‘s unprecedented takeover…
My top 10 things to watch Friday, Aug. 15 — Today’s newsletter was written by Zev Fima, the Investing Club’s portfolio analyst. 1. DA Davidson upgraded Club name Salesforce to a hold-equivalent rating from underperform while keeping its price target of $225 a share. Activist investor Starboard increased itss stake in the company by 47%,…
The Good Brigade | Digitalvision | Getty Images Mortgage rates have been declining, making conditions favorable for some homeowners to refinance, experts say. The average 30-year fixed rate mortgage was 6.58% for the week ending Thursday, August 14, down from 6.63% the week prior, according to Freddie Mac. Mortgage rates have come down a point…
Check out the companies making headlines in after-hours trading. Applied Materials — The semiconductor equipment manufacturer tumbled 11% after the current-quarter outlook missed expectations of analysts polled by LSEG. Fiscal third-quarter earnings and revenue topped estimates. UnitedHealth — The insurer jumped nearly 8% after Warren Buffett’s Berkshire Hathaway revealed a new stake , according to…
Here are your opening calls After three consecutive days of gains, the pan-European Stoxx 50 looks set to rise again today, with futures tied to the index last seen trading 0.6% higher. Those tied to the German DAX, France’s CAC 40 and London’s FTSE 100 are also all up by around 0.6%. Market participants will…
U.S. Treasury yields ticked higher Thursday after new U.S. data pointed to persistent wholesale inflation. The 2-year Treasury yield climbed 4 basis points to 3.73%. The benchmark 10-year note yield added nearly 5 basis points to 4.285%. One basis point is equal to 0.01%, and yields and prices move in opposite directions. The producer price…