Professional fund managers might be getting a little too confident that this stock market rally has room to run, according to Bank of America. The bank’s monthly fund manager survey showed that professional investors are putting more and more cash to work, which could be a contrarian indicator and spell future trouble, investment strategist Michael…
Advanced Micro Devices is a buy ahead of its upcoming earnings report and has room to grow in the next few months, Wells Fargo said on Wednesday. Analyst Aaron Rakers reiterated his overweight rating on the name and increased his price target to $185 from $120. That reflects 18.9% upside from Tuesday’s close. “We think…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the Nasdaq Composite posted a record close, aided by Nvidia, and what’s on the…
My top 10 things to watch Tuesday, July 15 1. The government’s June consumer price index matched estimates with a rise of 0.3% for the month, putting the year-over-year gain at 2.7%. The core rate, excluding food and energy prices, also matched. The S & P 500 was heading for a higher open today after…
My top 10 things to watch Monday, July 14 1. Kenvue sacked CEO Thibaut Mongon and named company director Kirk Perry interim CEO. Strategic review going on. Heidrick & Struggles is working to find a new chief executive. The company, which makes consumer health products including Tylenol, Neutrogena and Band-Aid, was spun off from former…
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;…
The S & P 500 pulled back from record highs on Friday as investors dealt with this week’s renewal of tough tariff rhetoric from President Donald Trump. In a series of letters, the White House informed a slew of U.S. trading partners about the levies they would face if trade agreements were not reached by…
Retail investors’ fingerprints are all over the stock-market rally since the tariff-triggered lows in April with high-flying meme stocks emerging as top performers. Goldman Sachs’ retail favorite basket, consisting of U.S. equities most popular among the retail community based on flows, hit an all-time high on Wednesday, overtaking the previous peak from the infamous GameStop…
It’s no secret: The Investing Club’s portfolio is rich with high-quality stocks. But a select few, which we’ve designated as “core holdings,” stand out among our 30 positions. During Friday’s Annual Meeting , Jim Cramer and Director of Portfolio Analysis Jeff Marks shared the updated list of our 12 core holdings. These are companies that…
Here are five key things investors need to know to start the trading day: 1. Slipping into the weekend 2. New Trump tariff threat Canadian Prime Minister Mark Carney, at right, speaks to U.S. President Donald Trump as they meet during the Group of Seven (G7) Summit at the Pomeroy Kananaskis Mountain Lodge in Kananaskis,…