Business
Cramer’s lightning round: Stanley Black & Decker is a buy
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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Hedge funds choosing ‘fresh’ stocks over obvious winners drove Thursday’s rally, Jim Cramer says
CNBC’s Jim Cramer said that Thursday’s rally was driven by hedge fund managers’ desire for fresh stocks over trusted winners and that investors should not overthink the currently seesawing market. “Traders wanted something new — not Archer-Daniels-Midland or Exxon, but AMD and Estee Lauder,” the “Mad Money” host said. “The hedge funds are in charge […]
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Nvidia, Intel lead rally in chip stocks as optimism on economy boosts riskier assets
Pat Gelsinger, CEO, of Intel Corporation, holds a semiconductor chip while testifying during the Senate Commerce, Science, and Transportation hearing titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Semiconductor stocks rose on Thursday as investors regained their […]
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Investing Club: We’re sticking with Nucor for now, but its rally to new records may not last
After taking profits in Nucor three times this month, we’re tempted to trim at even higher prices but going to let it ride for a bit. Source
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Southwest Airlines launches a new, second-cheapest fare
A Southwest Airlines Boeing 737 passenger jet takes off from San Antonio International Airport in Texas. Robert Alexander | Archive Photos | Getty Images Southwest Airlines on Thursday unveiled its new fare class: a second-cheapest option it hopes will reel in customers willing to pay up for more flexibility. The “Wanna Get Away Plus” fare […]
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Apple is reportedly preparing an iPhone subscription service that could launch this year
An employee arranges Apple iPhones as customer shop at the Apple Store on 5th Avenue shortly after new products went on sale in Manhattan, in New York City, March 18, 2022. Mike Segar | Reuters Apple is preparing a hardware subscription service for iPhones that could launch as soon as the end of this year, […]
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Stocks making the biggest moves midday: Nvidia, Logitech, Nikola, Uber, Cleveland-Cliffs and more
NVIDIA President and CEO Jen-Hsun Huang Robert Galbraith | Reuters Check out the companies making headlines in midday trading. KB Home — Shares of the homebuilder ticked 5% lower in midday trading after missing on the top and bottom lines of its quarterly results. KB Home reported earnings of $1.47 per share on revenue of […]
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Trump ‘guilty of numerous’ felonies, prosecutor told Manhattan district attorney as he resigned from probe
Former U.S. President Donald Trump speaks during the Conservative Political Action Conference (CPAC) in Orlando, Florida, U.S. February 26, 2022. Octavio Jones | Reuters One of two top prosecutors who resigned over the Manhattan district attorney’s alleged decision to stop heading toward indicting former President Donald Trump for crimes said in a bombshell resignation letter […]
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We went hunting where Bill Miller said to look for bargains and found these stocks
CNBC Pro surfaced stocks that are expected to grow earnings per share, after falling at least 40% from their 52-week highs. Source
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Moderna wants to give FDA ‘flexibility’ in deciding eligibility for 4th Covid shot, CEO says
Moderna CEO Stephane Bancel told CNBC on Thursday the drugmaker wanted to provide U.S. regulators “flexibility” in determining eligibility for a fourth Covid vaccine dose. Moderna submitted its application last week for a so-called second booster, asking the Food and Drug Administration to clear the additional shot for all Americans ages 18 and up. The biotech […]
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