Day: June 13, 2022
Cramer’s lightning round: Matterport is not a buy
Matterport Inc: “The stock loses money, and we’re not recommending any stocks … that are losing money.” Veru Inc: “We caught a big move. How about we just leave it at that.” Cintas Corp: “I think [the Biden Administration] wants to be pro-business but doesn’t know how. So I can not be behind Cintas at […]
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These beaten-down global tech stocks have strong fundamentals — and analysts love them
Tech stocks came under renewed pressure on Friday amid a broad sell-off in the market. CNBC Pro identifies the beaten down tech stocks from the U.S. and beyond that look to have strong fundamentals and are loved by analysts. Wall Street suffered a massive sell-off at the end of last week, as all major indexes […]
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Banks name the under-the-radar global stocks set to outperform a volatile market
HSBC produced a list of its “most attractive” buy-rated stocks, while JPMorgan identified other “pockets of opportunity” in the market. Source
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1980s-era rate hikes designed to fight inflation will create more market turmoil, Canaccord’s Tony Dwyer predicts
Stocks may go into a deeper tailspin. Canaccord Genuity’s Tony Dwyer predicts 1980s-era interest rate hikes will exacerbate the turmoil and make a recession seem increasingly more likely. “Typically, I’ve been bullish over the years. But there’s a money availability problem,” the firm’s chief market strategist told CNBC’s “Fast Money” on Monday. “Ultimately, you have […]
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Stick to ‘really boring’ stocks to ride out the cratering market, Jim Cramer says
CNBC’s Jim Cramer on Monday said investors should be in stable, boring stocks to keep their portfolios strong as concerns over inflation roil the market. “If you took your cue from me and bought common stocks of companies that make real things and do real things that return capital and trade at a reasonable valuation, […]
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JPMorgan’s trading guru Kolanovic says the market will recover losses to finish year flat
Top Wall Street strategist Marko Kolanovic is sticking by his guns amid the sharp market sell-off, seeing the S & P 500 to rebound and finish 2022 flat. “We believe rates market repricing went too far and the Fed will surprise dovishly relative to what is now priced into the curve,” JPMorgan’s Kolanovic said in […]
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Oracle shares rise on better-than-expected earnings report
Safra Catz, then co-chief executive officer of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Sept. 20, 2016. David Paul Morris | Bloomberg | Getty Images Oracle shares rose almost 9% in extended trading on Monday after the database software company issued fiscal fourth-quarter results that exceeded analysts’ estimates. Here’s how […]
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Stock futures rise after the S&P 500 closes in an official bear market
U.S. stock futures rose on Monday night after the S&P 500 dropped back into bear market territory ahead of the Federal Reserve’s two-day policy meeting this week. Dow Jones Industrial Average futures rose by 94 points, or 0.3%. S&P 500 and Nasdaq 100 futures climbed 0.4% and about 0.6%, respectively. Those moves came after intense […]
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Despite the bitcoin selloff, it’s still an asset class that is accessible to anyone, says blockchain educator
Cleve Mesidor. Tom Williams | Cq-roll Call, Inc. | Getty Images Even as cryptocurrency craters as it has the past few weeks, it remains an asset class that is accessible to anyone, says a blockchain educator. And Cleve Mesidor says that’s why it’s drawing in Black and Latino communities. Bitcoin’s selloff, sparked by a reversal […]
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GM’s stock closes below IPO price for first time since October 2020
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images DETROIT – Shares of General Motors on Monday closed below the post-bankrupt automaker’s $33 initial public offering price for the first […]
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