Check out the companies making headlines in midday trading: GameStop — The meme stock soared about 15%. On Tuesday, GameStop’s board announced it had unanimously approved a plan to buy bitcoin with a portion of its corporate cash, following a similar move by MicroStrategy. Dollar Tree — The discount retail chain popped more than 4%…
Morgan Stanley’s Mike Wilson sees a meaningful rotation back into U.S. stocks, and he sees one beaten-up group as a winner. “It started out with a low-quality rally, which is what we expect – meaning a short squeeze,” the firm’s chief investment officer told CNBC’s “Fast Money” on Monday. “Then, what we noticed is the…
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 Monday’s key moments. 1. Wall Street got off to a strong start Monday, with the Nasdaq leading the way up 2%. The S & P 500 was up more than 1.5% while the…
Maybe it is worth waiting for stocks like Wynn Resorts , names so cheap that they can’t be explained. On Friday, I spent a considerable amount of time with Wynn CEO Craig Billings at his incredible hotel, the gem of the Las Vegas strip, talking about his business and its cockamamie stock price. Wynn’s valuation…
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 higher Monday. That would put the broad market index on track for its first back-to-back positive sessions since Feb….
The difference between Chinese and U.S. stocks is only getting clearer. The S & P 500 fell into correction on Thursday for the first time since 2023 . Meanwhile, the MSCI China index has surged double digits in its best start to a year in history, largely thanks to artificial intelligence, according to Goldman Sachs….
Tesla CEO Elon Musk looks on as US President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty Images Tesla CEO Elon Musk turned Delaware’s corporate law into a…
Shares of Meta Platforms are suffering in Monday’s big sell-off, and they are worth snapping up, according to G Squared Private Wealth’s Victoria Greene. The information technology sector of the S & P 500 suffered keenly as the stock market swooned amid investors’ heightening fears of a recession. The tech-heavy Nasdaq Composite slid roughly 4%…
The market’s message and intentions are always worth debating — especially so during an intense pullback, with cacophonous policy headlines and piqued investor emotions animating the action day to day. Here’s an assessment of the weight of the evidence, after another rough week — but one that ended in a perky, if apprehensive, rally off…
The bulls on Wall Street emerged victorious Friday but not for the week. Investors shook off a midday, end-of-the-week sell-off on geopolitical concerns sparked by President Donald Trump’s Oval Office spat with Ukraine President Volodymyr Zelenskyy . Still, the advance Friday was not enough for the S & P 500 and Nasdaq to overcome weekly…