Day: June 2, 2022
Cramer’s lightning round: Trade Desk is too expensive
Upstart Holdings Inc: “I didn’t like the loans on the balance sheet. If it gets rid of the loans … or it makes me convinced that they’re good, then all is forgiven and I’m cool with it.” VIDEO4:4804:48 Cramer’s lightning round: Trade Desk is too expensive Source
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Asia-Pacific stocks set for higher start after overnight Wall Street jump
SINGAPORE — Shares in Asia-Pacific looked set for a positive Friday start following gains overnight on Wall Street. Investors will also be looking ahead to the release of U.S. jobs data for May. Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 27,770 while its counterpart in […]
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Frontier offers $250 million reverse breakup fee if regulators block Spirit merger
A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Frontier Airlines’ parent company on Thursday said it would pay a $250 million reverse breakup fee to Spirit Airlines if regulators don’t approve the planned combination of […]
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Be ready to pounce on homebuilding stocks the next time they drop, Jim Cramer says
CNBC’s Jim Cramer said Thursday that despite conventional wisdom, he believes investors should pick up shares of homebuilding stocks the next time they plummet. “I believe these stocks will drop again, but when they do — and that might be on a statement from the Fed that says they’re still seeing signs of inflation — […]
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Jim Cramer says to pick up shares of Deere for an ‘absurd’ bargain
CNBC’s Jim Cramer on Thursday urged investors to purchase shares of Deere at the start of the next trading session. “I’ve told you to buy Deere all year. Liked it even more when Russia invaded Ukraine, because … it’s created a powerful bull market in all things agriculture,” the “Mad Money” host said. “This is […]
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Stock futures are slightly higher ahead of May’s jobs report
Trader on the floor of the NYSE, June 1, 2022. Source: NYSE Stock futures rose Thursday evening as investors focus their attention on more jobs data due out Friday morning. Futures tied to the Dow Jones Industrial Average were up about 34 points. S&P 500 futures and Nasdaq 100 futures were both higher by 0.2%. […]
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Cramer says when Wall Street overlooks ‘textbook bad news’ for a stock, do some buying
CNBC’s Jim Cramer on Thursday gave investors the go-ahead to buy shares of valuable companies that reported bad news, yet still managed to keep their stocks afloat. “The lack of new, broken-the-moment-you-buy-it stocks, and the horrendous declines in very valuable companies, have coalesced to create an environment where Wall Street’s willing to overlook some of […]
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Biden to visit Saudi Arabia, a country he vowed to treat as a ‘pariah’
Saudi Arabia’s Crown Prince Mohammed bin Salman attends a graduation ceremony for the 95th batch of cadets from the King Faisal Air Academy in Riyadh, Saudi Arabia December 23, 2018. Saudi Royal Court | Reuters President Joe Biden is expected to visit Saudi Arabia this month as his administration works to repair relations with a longtime U.S. […]
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Wall Street and the problem of “way too many publicly traded fintechs”
In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. A decade ago, the idea that an investment industry customer preferred to never speak with a human being seemed questionable. But it was among the soundbites from the robo-advisory firm Wealthfront, which came to market […]
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Stocks making the biggest moves after hours: Lululemon, RH, Okta and more
People line up to enter a store during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area, Illinois, the United States, on Nov. 26, 2021. Joel Lerner | Xinhua News Agency | Getty Images Check out the companies making headlines in extended trading. Lululemon Athletica — Shares of the athleisure […]
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