CNBC’s Jim Cramer on Wednesday reflected on the significance of one of his long-time favorite stocks, Nvidia, just after the artificial intelligence powerhouse became the first company to amass $4 trillion in market cap during trading. “The fact is, neither Microsoft nor Apple can claim that they’re currently creating a new industrial revolution, like Nvidia…
My top 10 things to watch Wednesday, July 9 1. Wall Street was headed for a higher open today after the S & P 500 incurred back-to-back losses and moved nearly 1% off last week’s record highs. The minutes of the Fed’s June meeting are out this afternoon. 2. The market was still digesting yesterday’s…
It certainly has been a wild year in the stock market so far, and the breakneck speed of Wall Street’s recovery from the April lows has likely left some investors feeling like they missed the opportunity to put money to work. Fortunately, when it comes to long-term investing, there is always another opportunity. While we…
Nvidia is on the brink of a $4 trillion stock market value — and Jim Cramer believes that is hardly the ceiling for the artificial intelligence giant. With the Club stock trading around $158 per share Tuesday morning, the company’s market capitalization stood a smidge below $3.9 trillion. The level to watch for Nvidia to…
My top 10 things to watch Tuesday, July 8 1. Living with contrived chaos. That’s what we are doing with trade policy like this from the White House. It’s all deliberately created. Nothing has to be done like this. If you have the market at record highs, you can get away with this. That’s what…
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…
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: The S & P 500 was lower Monday, giving back some gains following its run to new highs last week. The market was drifting…
Wall Street’s blistering three-month rally on cooling trade tensions will be put to the test this week. It’s an exceptionally light week of economic data and earnings releases, which means every little piece of information investors do get will be magnified. Against that sparse backdrop, President Donald Trump ‘s trade policy ahead of a long-awaited…
Short and sweet: That was this week’s stock market in a nutshell. The second half of the year kicked off in record style, with both the S & P 500 and the Nasdaq closing at multiple all-time highs, including in Thursday’s holiday-shortened session. The U.S. stock market is closed on Friday for the Fourth of…
1. The S & P 500 was on track for another record-high close in Thursday’s shortened trading session. The government’s June jobs report was strong, with better-than-expected nonfarm payroll growth and a lower-than-expected unemployment rate. Jim Cramer said that Federal Reserve Chairman Jerome Powell’s wait-and-see approach to interest rates was proven correct again. Even if…