Day: June 3, 2022
Cramer’s lightning round: I like Lam Research over Taiwan Semiconductor
Monolithic Power Systems Inc: “It sells at 40 times earnings, and you know I’m not recommending stocks unless they have a reasonable multiple.” Disclosure: Cramer’s Charitable Trust owns shares of Chevron. VIDEO4:0604:06 Cramer’s lightning round: I like Lam Research over Taiwan Semiconductor Source
Read More
McCormick concedes to Oz in Pennsylvania GOP Senate primary
Republican Party U.S. Senate candidate David McCormick speaks to supporters alongside his wife, Dina Powell McCormick, at an election night event in Pittsburgh, Pennsylvania, U.S. May 17, 2022. Picture taken May 17, 2022. Quinn Glabicki | Reuters Former hedge fund CEO David McCormick conceded the Republican primary in Pennsylvania for U.S. Senate to celebrity heart […]
Read More
6 exceptional retail winners that Jim Cramer says are a buy
CNBC’s Jim Cramer on Friday highlighted six retail winners with standout quarters that investors should be lining up to purchase. “No one ever made a dime from panicking. If you dumped any of these retail winners in response to Walmart and Target, you made a very big mistake. And you know what, as the market […]
Read More
Walmart welcomes back annual hometown bash as retailer acknowledges new challenge of inflation
Doug McMillon, president and CEO of Walmart Inc. Corporation, participates in a Business Roundtable discussion on the”Future of Work in an Era of Automation and Artificial Intelligence”, during a CEO Innovation Summit, on December 6, 2018 in Washington, DC. Mark Wilson | Getty Images FAYETTEVILLE, Ark. — Thousands of Walmart employees gathered at a huge […]
Read More
Investors set their sights on upcoming inflation report as the bear market rally falters
The stock market may try to regain its footing in the next few sessions, even as a fresh inflation report looms large at the end of the week. Stocks struggled to move forward in the past week. With Friday’s sell-off, the major indexes closed out the four-day period with losses. That was disappointing to investors […]
Read More
Fed’s Mester says inflation hasn’t peaked and multiple half-point rate hikes are needed
Cleveland Federal Reserve President Loretta Mester said Friday that she doesn’t see ample evidence that inflation has peaked and thus is on board with supporting a series of aggressive interest rate increases. “I think the Fed has shown that we’re in the process of recalibrating our policy to get inflation back down to our 2% […]
Read More
What Friday’s downgrade of Micron means for our chipmaker stocks
Here’s how the CNBC Investing Club is thinking about its semiconductor holdings after another industry player, Micron, was downgraded to a sell. Source
Read More
Cramer’s week ahead: Watch for consumer trends to gauge the state of inflation
CNBC’s Jim Cramer said Friday that any signs of consumer negativity next week will be a welcome sign for the Federal Reserve in its fight against inflation. “I know it’s a total drag to hope for negativity, but that’s what we need right now” to bring inflation down, he said. “I bet we’ll find that […]
Read More
New York lawmakers pass bill limiting Amazon’s use of worker productivity quotas in warehouses
A worker sorts out parcels in the outbound dock at Amazon fulfillment center in Eastvale, California on Tuesday, Aug. 31, 2021. Watchara Phomicinda | MediaNews Group | The Riverside Press-Enterprise via Getty Images New York state lawmakers on Friday approved a bill targeting Amazon’s use of productivity quotas in warehouses, the latest sign that public […]
Read More
‘I almost died’: PA Senate nominee John Fetterman says he is still recovering from stroke
Pennsylvania Lt. Gov. John Fetterman on Friday said he “almost died” after he suffered a stroke days before he won the state’s Democratic Senate primary race, and is not yet ready to return to the campaign trail. “I should have taken my health more seriously,” Fetterman said in a statement released by his campaign Friday […]
Read More