Investment strategy
Cramer: I may need to reevaluate our Costco position. Plus, a good sign for Linde
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. Stocks are higher ahead of Wednesday’s Federal Reserve interest rate decision. The U.S. central bank is expected to cut rates by 25 basis points, making it the third cut […]
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Fifth Third signs deal making fintech firm Brex the provider of its commercial cards
Key Points Fifth Third struck a deal with Brex to make the fintech firm the provider of its commercial cards and expense management tools for business clients. The program will run on Brex’s embedded payments platform and backed by AI tools. Fifth Third is in the process of acquiring Comerica, a deal expected to […]
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Broadcom is firing on all cylinders, and Wall Street can’t get enough of the stock
Broadcom shares hit an all-time high during Monday’s trading session after the emergence of another encouraging sign that the company’s custom chips are all the rage on the AI scene. The newest development comes from the tech website, The Information, which said Microsoft could be looking to move its custom chip business from Marvell Technology […]
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Can AI make you the next Warren Buffett? One bank is working to find out
Deutsche Bank is putting artificial intelligence’s investment skills to the test. The bank asked its dbLumina AI model to pick a basket of funds from the most popular funds used by typical retail investors as of the end of November. Research analyst Luke Templeman fed dbLumina a week of the same daily market analyses from […]
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S&P 500 win streak, Berkshire’s leadership changes, Netflix’s regulatory path and more in Morning Squawk
A Wall Street sign is viewed in front of the New York Stock Exchange. Eduardo Munoz | AFP | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Secret Santa The three major indexes […]
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Huge Wall Street call: Morgan Stanley’s new Tesla analyst downgrades stock over valuation concerns
Morgan Stanley exited the bull camp on Tesla , saying valuation concerns outweigh its optimistic outlook for the electric vehicle maker in a huge potentially market-moving call on Wall Street. Analyst Andrew Percoco downgraded Tesla’s stock to equal weight from overweight. Percoco raised his price target by $15 to $425, but that still reflects downside […]
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Amazon had a very big week that could shape where its stagnant stock goes next
Amazon made plenty of news this week — from advances in the cloud business to questions about its partnership with the U.S. Postal Service — leaving investors with a lot to digest. The flurry of headlines comes at the end of a challenging year. The e-commerce and cloud giant’s stock is up 4.6%, compared to […]
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