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 update : The major averages are trading higher, with the Dow leading the way as it looks to snap three-day losing streak. The positive moves…
Check out the companies making headlines in midday trading: Coty — Shares of the beauty retailer plummeted more than 20% following its latest quarterly results. While its revenue of $1.25 billion beat the $1.20 billion that analysts surveyed by LSEG were expecting, it posted a loss per share of 5 cents, more than the 2…
Here are five key things investors need to know to start the trading day: 1. September cut? It’s looking more and more likely that the Federal Reserve will soon start cutting rates, and investors are thrilled. After this week’s cooler-than-expected consumer inflation report, Fed funds futures now forecast a nearly 100% chance that the central…
As the new month kicks off, Goldman Sachs is adding commercial insurance stock Aon to its list of top stock picks. Friday’s slump notwithstanding, stocks enter August near all-time highs after staging a dramatic recovery from their lows of the year in April, following President Donald Trump’s unveiling of new global tariff policies. Corporate earnings…
Investors on Wednesday got some strong earnings as well as new data showing the U.S. economy is still rocking despite uncertainty around tariffs. Wall Street didn’t seem to care. Stock futures were about flat after the government reported U.S. gross domestic product expanded at a 3% annual rate in the second quarter. That was well…
After a few relatively slow weeks of corporate news, things are about to ramp up. Second quarter earnings season is set to kick off in the week ahead, with the big banks starting to report. Within the Investing Club portfolio, we’ll hear from BlackRock and Wells Fargo before Tuesday’s opening bell; Goldman Sachs before Wednesday’s open;…
Jason Hawkes | Riser | Getty Images Earnings season always seems to roll around with alarming frequency. The newsroom approaches each quarter with a nervous energy, but this summer it feels especially heightened. Recent market records in both the U.S. and Europe, alongside an unpredictable economic environment, paint a complicated picture for the second half….
We’re selling 20 shares of Goldman Sachs at roughly $717. Following Monday’s trade, Jim Cramer’s Charitable Trust will own 220 shares of GS, decreasing its weighting to about 4.35% from about 4.75%. We are scrutinizing the portfolio, reviewing every position to determine if we are being too greedy following the recent strength in the broader…
My top 10 things to watch Thursday, July 3 1. Wall Street is set for a higher open after better-than-expected June job creation. The S & P 500 closed at another record high yesterday as President Donald Trump announced a Vietnam trade deal. Investors are also watching House voting on the Trump-backed megabill of spending…