Day: March 31, 2022
Cramer’s lightning round: AT&T is not a buy
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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Jim Cramer says one of these red-hot stocks is a maybe, the other is a miss
CNBC’s Jim Cramer on Thursday broke down why Alto Ingredients is a risky buy while Gladstone Land is a complete miss. “You have my blessing to swing at Alto Ingredients for speculation, but Gladstone Land is coming in way too hot,” the “Mad Money” host said. Alto Ingredients stock fell 0.15% on Thursday to $6.82, […]
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Amazon workers in Alabama reject union for second time, but challenged ballots remain
Union supporters at Amazon’s warehouse in Bessemer, Alabama, on Thursday appeared headed toward defeat for a second time. However, with hundreds of contested ballots at play, the election results are still too close to call. Of the 2,375 ballots cast, there were 993 votes opposing the union and 875 in favor. Approximately 6,153 workers at […]
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Buy Dollar General for consistency and Dollar Tree for high-risk, high-reward, Jim Cramer says
CNBC’s Jim Cramer on Thursday said investors who value consistency should buy Dollar General while risk-takers should purchase Dollar Tree. “If you want a consistent operator that doesn’t need to do anything too crazy to beat the estimates, that’s Dollar General. Even though they’re lowering prices, I think that’s a good long-term strategy to win […]
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Jim Cramer says market will find a bottom ‘far more quickly than you think’ and is poised to rally
CNBC’s Jim Cramer on Thursday predicted that Wall Street will price in a bottom soon and the market will be set for a “tremendous rally.” “Suddenly, the conventional wisdom says there’s too much of everything, so prices are going to come down. Stock prices are anticipating that. And that’s why the only sectors that sustained […]
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Stock futures bounce as investors assess start of new quarter, bond market recession indicator
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 29, 2022. Brendan Mcdermid | Reuters Stock futures rose early Thursday as investors assessed a new quarter of trading and a troublesome bond market recession indicator. Investors were also awaiting the official jobs report for March, which […]
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Biden to invoke Defense Production Act for electric vehicle battery materials
U.S. President Joe Biden announces the release of 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve, as part of administration efforts to lower gasoline prices, during remarks in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., March 31, […]
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Now that the key yield curve has inverted, here’s what typically happens to stocks next
For investors wondering what the yield curve inversion means for the market, it is not necessarily a death knell for stocks. Source
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2-year Treasury yield tops 10-year rate, a ‘yield curve’ inversion that could signal a recession
Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 7, 2022. Andrew Kelly | Reuters The 2-year and 10-year Treasury yields inverted for the first time since 2019 on Thursday, sending a possible warning signal that a recession could be on the horizon. The bond […]
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Booking Holdings CEO says higher prices haven’t dented summer travel demand yet
A sharp uptick in inflation has so far not caused a slowdown in demand for travel in the spring and summer months, Booking Holdings CEO Glenn Fogel told CNBC on Thursday. “Not yet. Not yet,” said Fogel, whose company offers online travel services, including flight booking. He cited the Covid pandemic’s disruptions to travel routines. “When you […]
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