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 rotation: The Dow was the big winner Monday, tracking for its first close above 44,000. However, the pressure on the S & P 500 and…
Here are five key things investors need to know to start the trading day: 1. Still going 2. Counting coins Nicolas Economou | Nurphoto | Getty Images Bitcoin broke $80,000 over the weekend. It was a record high for the cryptocurrency, which has been on a run since President-elect Donald Trump’s victory last week. By…
Elon Musk on stage before Republican presidential nominee former President Donald Trump speaks at a rally at Madison Square Garden in New York, NY on Sunday, October 27, 2024. The Washington Post | The Washington Post | Getty Images Shares of Tesla climbed 8% on Friday, pushing the electric vehicle maker’s market cap past $1…
My top 10 things to watch Wednesday, Nov. 6: Election edition 1. Wall Street was heading for a huge open after Donald Trump won the presidential election, per NBC News projections. Dow futures were leading the way higher, soaring 3%, or roughly 1,250 points. Republicans are projected to win control of the Senate. The majority…
Who wins the presidential election and which party overtakes Congress could have some major implications for markets, but the outlook for tech stocks may not be as clear as investors hope. For months, analysts have weighed the prospect of higher corporate taxes if Vice President Kamala Harris were to win the election. They have also…
Shortly after the opening bell, we will buy 50 shares of Advanced Micro Devices at roughly $142 and 40 shares of CrowdStrike at roughly $302. Following the trades, Jim Cramer’s Charitable Trust will own 675 shares of AMD, increasing its weighting to 2.8% from 2.6%, and 100 shares of CrowdStrike, increasing its weighting to 0.88%…
China’s hot electric vehicle market has been gaining investor interest, and one analyst sees potential for the sector to grow further. “China’s EV market is the largest in the world and also delivers fast growth,” Vincent Sun, senior equity analyst at Morningstar said. Sun — who spoke to CNBC Pro on Nov. 1 — remains…
The major stock benchmarks rallied Friday but were lower last week, with the Nasdaq leading the way lower after reaching new highs. In a heavy week of tech earnings, the Nasdaq lost 1.5% and broke a seven-week winning streak. The Nasdaq on Tuesday posted a record-high close of 18,712. The index finished 2.5% below Tuesday’s…
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon shares jumped 6% on Friday after the company reported better-than-expected earnings, driven by growth in its cloud computing and advertising businesses. The stock is up about 32% for the…
Wall Street faces another key litmus test Thursday with earnings results from megacap technology giants Apple and Amazon . The Nasdaq slumped 2% after Microsoft issued disappointing revenue guidance and Meta Platforms warned of heightened AI-related costs . Both tech giants fell Thursday, despite topping Wall Street’s estimates. Capital expenditures remain top of mind for…