Day: July 6, 2022
Cramer’s lightning round: I like Toll Brothers over Skyline Champion
Boeing Co: “I’m not going to recommend stocks that lose money with really bad balance sheets. And that’s what they do.” United States Steel Corp: “There is too much negativity on steel right now. The one you would buy is Nucor, and it has to come down a little bit more.” Synopsys Inc: “I’ve always […]
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Charts suggest the market could find a bottom after a little more weakness, Jim Cramer says
CNBC’s Jim Cramer on Wednesday said that the market could find a bottom later this year now that stocks have come down and Wall Street’s optimism has waned. “The charts, as interpreted by Tom DeMark, suggest that with just a little more weakness, this market’s finally got a legitimate chance to bottom for the first […]
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Clashing market forces could lead to a stagnant economy instead of a recession, Jim Cramer says
CNBC’s Jim Cramer on Wednesday said that the clashing forces roiling the market could lead to stagnation, which could then turn into an economic reacceleration that causes stocks to go higher. “Everybody’s worried about either a brutal recession or rampant inflation,” he said. “At these levels, many stocks already reflect a recession, so if we […]
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Stock futures rise slightly following third straight day of gains for S&P 500
Traders on the floor of the NYSE, June 16, 2022. Source: NYSE U.S. stock futures rose slightly on Wednesday night as investors digested the most recent meeting minutes from the Federal Reserve. Dow Jones Industrial Average futures rose by 26 points, or 0.1%. S&P 500 and Nasdaq 100 futures climbed 0.1% and 0.2%, respectively. Shares […]
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Op-Ed: Energy supply fears have Europe in a panic as it tries to avert a full-blown crisis
Workers are seen at the construction site of the Nord Stream 2 gas pipeline, near the town of Kingisepp, Leningrad region, Russia, June 5, 2019. Anton Vaganov | Reuters As a business executive friend of mine texted me Wednesday, “Europe feels like it’s starting to panic.” He’s right. The concerns about energy supplies are accelerating […]
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Here’s how much cash you need to ride out a recession at different life stages, according to financial advisors
designer491 | iStock | Getty Images With the threat of a recession looming, more financial experts are sharing how to prepare — including how much cash it may be smart to set aside. The end of June marked a turbulent six months for the S&P 500 Index, which dropped by more than 20% since January, […]
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GameStop jumps over 6% in extended trading after announcing 4-for-1 stock split
A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters Shares of GameStop jumped more than 6% in extended trading Wednesday after the retailer said a 4-for-1 stock split was approved by its board. Shareholders who own the […]
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British Airways to cut more flights during summer holiday months
British Airways Boeing 747-400 with nickname Queen of the Skies commercial aircraft as seen on final approach with landing gear down landing at New York JFK John F. Kennedy International Airport in USA on 23 January 2020. Nicolas Economou | NurPhoto | Getty Images British Airways will cut more flights during the crucial summer holiday […]
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There’s a battle over inflation-linked pay adding to European port contagion
The growing congestion at ports in Germany and the Netherlands, which could delay car and furniture shipments to the U.S. for weeks, shows no signs of clearing up as the latest round of labor negotiations between the Central Association of German Seaport Companies (ZDS) and ver.di, the German labor union, ended with no agreement. A […]
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Virgin Galactic announces deal with Boeing subsidiary to build additional aircraft ‘motherships’
A conceptual rendering of the company’s carrier aircraft, also known as a “mothership.” Virgin Galactic Space tourism company Virgin Galactic on Wednesday announced a deal with Boeing subsidiary Aurora Flight Sciences to build two additional carrier aircraft to support its coming spacecraft fleet. Virgin Galactic currently has one carrier aircraft, or “mothership,” called VMS Eve […]
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