Investment strategy
Cramer’s lightning round: Editas Medicine is not a buy
DraftKings Inc: “They are in a battle, a pure battle to try to get market share and right now, there is no sign that the battle is over. … I do think they’ll win.” SoFi Technologies Inc: “I can’t tell you to sell it. But I can also tell you, maybe I’m not the answer […]
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Jim Cramer says he would buy Hershey stock now and down on the ‘next inflation scare’
CNBC’s Jim Cramer on Monday advised investors to pick up stock of Hershey for their portfolios. “Hershey’s the most consistent growth stock in a group where safety’s first, and you know what they say, safety never takes a vacation. I would buy some here, then wait to buy more if the stock gets hit the […]
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Bitcoin falls below $40,000 for the first time in almost a month as investors assess global macro risks
A Bitcoin logo inside a BitBase cryptocurrency exchange in Madrid, Spain, on Thursday, March 17, 2022. Angel Navarrete | Bloomberg | Getty Images The price of stumbled on Monday as investors assessed the risks from rising rates and the potential for more tightening by the Federal Reserve. Bitcoin last fell 7% to $40,009.78, according to […]
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Charlie Munger-linked Daily Journal cuts Alibaba stake in half
Daily Journal, the Los Angeles-based newspaper company tied to Charlie Munger, just slashed its holding in Chinese ecommerce giant Alibaba in half. Source
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Investing Club: We’re trimming our large position in Apple — here’s why
Our sale today is in line with what we said last week in our April Monthly Meeting, where we discussed the need to right-size this position the next time we had a chance. Source
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Goldman’s ways to play deglobalization, onshoring trend fueled by pandemic and Ukraine war
Goldman Sachs strategists say companies that are reducing their global exposure or benefit from onshoring are outperforming so far this year. Source
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Stocks making the biggest moves midday: AT&T, Nvidia, Sailpoint Technologies and more
A pedestrian walks in front of an AT&T location in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Monday: AT&T — Shares of AT&T jumped more than 7% after the telecom giant announced that it closed its transaction with Discovery to spin off its WarnerMedia business. The combined […]
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Oil drops, Brent crude falls below $100 as China lockdowns spark demand fears
Oil pumping rigs are situated next to a vineyard of table grapes as viewed on July 8, 2021, north of Bakersfield, California. George Rose | Getty Images Oil prices slid Monday, accelerating two straight weeks of declines as lockdowns in China sparked demand fears. International benchmark Brent crude declined 3.9%, or $4.02, to trade at […]
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5 things to know before the stock market opens Monday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures are down to start the week People walk along Wall Street near the New York Stock Exchange on March 08, 2022 in New York City. Spencer Platt | Getty Images U.S. stock futures were slightly […]
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Stocks making the biggest moves in the premarket: Nio, Veru, Sailpoint Technologies and more
Take a look at some of the biggest movers in the premarket: Nio (NIO) – The China-based electric carmaker’s shares slumped 8.4% in premarket action after it suspended production due to Covid-19 related supply chain disruptions. Veru (VERU) – The drugmaker’s shares surged 24.8% in the premarket after it reported “overwhelming” evidence of efficacy for […]
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