Stock markets
These two cruise lines stand out above the rest, Susquehanna says
The hard-hit cruise industry should see demand recover, but a testy economy means investors should be selective with which stocks to pick, according to Susquehanna Financial Group. “Positively, the industry is on the mend; liners are planning to redeploy their full fleets into the summer and have a line of sight to profitability into 2023. […]
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Stocks making the biggest moves premarket: Target, Novavax, Nio and more
These are the stocks posting the largest moves before the bell. Source
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UBS upgrades Tesla to buy, sees more than 50% upside for electric vehicle stock
After a major pullback in Tesla ‘s share price this year, UBS says the stock looks attractive and that the electric vehicle maker’s future looks brighter than ever. UBS said it was “time to be bold” and upgraded Tesla to buy from neutral. The firm reiterated its $1,100 price target on the stock, which implies […]
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Here’s how much Apple’s supply chain depends on Shanghai
Apple opened its 54th flagship store in Greater China in the city of Wuhan in May. The iPhone company warned in late April that supply chain disruptions from China’s Covid controls would likely hurt sales in the current quarter by $4 billion to $8 billion. Sopa Images | Lightrocket | Getty Images BEIJING — Apple’s […]
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Buffett disciple Mohnish Pabrai names his 2 favorite investing books right now
Looking to invest in stocks with long-term value? Veteran investor Mohnish Pabrai has two books to recommend. Speaking to CNBC Pro Talks, Pabrai — a value investor and disciple of billionaire Warren Buffett — said that “100 to 1 in the Stock Market” is an “extremely well-written” book. Authored by Thomas Phelps and originally published 50 […]
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Cramer’s lightning round: NRG Energy 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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Cramer warns investors not to bank on digitization stocks
CNBC’s Jim Cramer on Wednesday advised investors to think twice before investing in digitization stocks while the possibility of a recession looms over the market. “You can’t justify owning these unless you believe the [Federal Reserve] will quickly beat inflation without needing to do much more to damage the economy. I think that’s a real […]
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The market is worried that oil’s continued rise may cause a recession, Cramer says
CNBC’s Jim Cramer broke down why oil’s skyrocketing price has Wall Street worried about a recession, pointing to the fall in oil stocks on Wednesday even as crude hit record levels. “As long as oil prices keep climbing, it’s hard to make the case for a soft landing. Oil’s a nightmare for the Fed. It […]
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Stock futures are flat on Wednesday evening
Traders work on the floor of the New York Stock Exchange during morning trading on June 08, 2022 in New York City. Michael M. Santiago | Getty Images Stock futures were flat in overnight trading Wednesday after the major averages ended the regular session lower and U.S. Treasury yields rose. Futures on the Dow Jones […]
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Cathie Wood has been buying the dip in Tesla following the EV company’s 40% pullback
Ark Invest’s Cathie Wood has been adding shares of Tesla in her various funds after the electric vehicle maker’s 40% pullback from its record high. The closely followed innovation investor bought at least 50,000 shares of Tesla over the past two weeks for her flagship Ark Innovation ETF , Ark Autonomous Technology and Robotics ETF […]
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