Month: June 2022
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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Pelosi says lawmakers will vote on sweeping gun legislation next week
Speaker of the House Nancy Pelosi, D-Calif., conducts her weekly news conference in the Capitol Visitor Center on Thursday, May 19, 2022. Tom Williams | Cq-roll Call, Inc. | Getty Images House Speaker Nancy Pelosi said Thursday that lawmakers will vote on a collection of sweeping gun-control bills next week in response to a series […]
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Lululemon raises guidance for the year as earnings and sales beat expectations
Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Lululemon on Thursday reported fiscal-first quarter profit and revenue that outpaced Wall Street’s expectations, boosted by growth online and in the retailer’s men’s division. The athletic apparel retailer also raised its outlook for fiscal […]
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White House expects Covid vaccinations for children under age 5 to begin as early as June 21
A nurse administers a pediatric dose of the Covid-19 vaccine to a girl at a L.A. Care Health Plan vaccination clinic at Los Angeles Mission College in the Sylmar neighborhood in Los Angeles, California, January 19, 2022. Robyn Beck | AFP | Getty Images Covid vaccinations for children under age 5 are expected to begin […]
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