Business
JPMorgan upgrades Monster Beverage, says it’s attractive heading into 2023
JPMorgan thinks it’s time to buy shares of Monster Beverage . Analyst Andrea Teixeira upgraded shares of Monster Beverage to overweight from neutral ahead of the company’s third-quarter earnings results this week. She said the outlook appears rosy for the energy drink maker as supply chain pressures abate. “We think MNST is well positioned into […]
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Energy sector needs firms with mentality of Tesla and Amazon to move forward, CEO says
The energy sector requires new companies with the mentality of a Tesla or Amazon to push forward in the years ahead, according to the ex-CEO of energy infrastructure powerhouse Snam. “It took a Tesla to disrupt … the car manufacturing sector, it took an Amazon to disrupt the retail market, and I think it’s going […]
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‘Hold your nose and sell’ to brace for a possible market downturn, Jim Cramer says
CNBC’s Jim Cramer on Monday warned investors that they should trim some of their positions to prepare for a possible market decline. “According to the S&P oscillator I’ve followed for ages, we’re very overbought right now,” he said. “You have to hold your nose and sell something because we’re due for a pullback.” The S&P […]
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Cramer’s lightning round: Riot Blockchain is not a buy
Palantir: “If it can get to $10, then I would skedaddle. I hate to recommend it all the way down here because it’s near the bottom.” Black Knight Inc: “The government is so fickle, I hesitate to recommend any arbitrage situation.” Match Group Inc: “At $43? Really? I’m not going to recommend a sale of […]
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Homebuilders say they’re on the edge of a steeper downturn as buyers pull back
A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images The once-hot housing market is cooling off at an alarming rate, and some homebuilders say it will only get worse come the new year as new orders dry up. […]
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Stocks making the biggest moves after hours: Avis, Stryker and more
A customer waits for his car at the garage of Avis Budget Group at the San Francisco airport. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. Avis Budget Group – Shares of the budget care rental company jumped 2% following its quarterly results. Avis reported adjusted […]
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Delta pilots vote in favor of potential strike as contract talks drag on
Delta pilots picket for a better contract outside of John F. Kennedy International Airport. Leslie Josephs | CNBC Delta Air Lines pilots voted overwhelmingly to authorize a strike if contract talks between the carrier and the union don’t lead to an agreement, the labor group said Monday. A strike wouldn’t be immediate and it would […]
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Here’s what the inverted yield curve means for your portfolio
Catherine Yeulet | Getty Images What the inverted yield curve means Generally, longer-term bonds pay more than bonds with shorter maturities. Since longer-maturity bonds are more vulnerable to price changes, investors expect a “premium,” explained Preston Caldwell, head of U.S. economics for Morningstar Research Services. “In normal times, the yield curve slopes upwards,” he said. […]
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Terran Orbital stock jumps after spacecraft builder raises $100 million from Lockheed Martin
The company’s banner above the New York Stock Exchange on March 28, 2022. Terran Orbital Shares of spacecraft manufacturer Terran Orbital rose Monday after the company added $100 million via an investment from existing shareholder Lockheed Martin. Lockheed purchased both debt and stock, and Terran noted the investment comes with a new cooperation agreement “to […]
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Stocks making the biggest moves midday: Wynn Resorts, TuSimple, Newell Brands, First Solar and more
This photograph taken on October 20, 2022 shows the signage of Wynn Casino resort with the Grand Lisboa and Casino Lisboa in the backdrop in Macau. Eduardo Leal | AFP | Getty Images Check out the companies making headlines in midday trading. Wynn Resorts — Shares of the casino operator jumped 10% after a filing […]
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