Stock markets
Need to tap your 529 college savings plan soon? Here’s how to handle a stock market downturn
Klaus Vedfelt | DigitalVision | Getty Images Months of stock market volatility may deliver a costly surprise to parents sending children to school this fall: smaller-than-expected 529 college savings plan balances. The average 529 account size was $30,287 in 2021, according to the College Savings Plans Network, but families may now have lower balances, financial […]
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Wells Fargo analyst Mike Mayo calls Bank of America his number one bank pick
Wells Fargo’s Mike Mayo called Bank of America his number one pick for a “favorable bank investment.” Mayo reiterated his overweight rating on the stock, saying in a late Tuesday note that Bank of America’s stock price is promising even after pricing in a recession. Bank of America shares are down nearly 26% from their […]
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Stocks making the biggest moves premarket: Capri Holdings, Salesforce, Weibo and others
Check out the companies making headlines before the bell: Capri Holdings (CPRI) – The parent of luxury brands, like Michael Kors, Versace and Jimmy Choo, saw its stock surge 11% in the premarket after posting better-than-expected quarterly numbers before giving back nearly all those gains. Capri earned an adjusted $1.02 per share, 20 cents above […]
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Bank of America names Nvidia a top pick as the valuation in chip stocks becomes more attractive
The case to buy Nvidia just got even more compelling, according to Bank of America. Analyst Vivek Arya named Nvidia a top pick, saying in a Tuesday note that chip stocks are already pricing in a recession, even as they generate better free cash flow margins than stocks in the broad market index. “While macro […]
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Etsy can go up 54% from here as the online marketplace becomes a “top-of-mind” destination, JMP says
Investors should consider buying into Etsy , as the stock could see big gains going forward, according to JMP Securities. Analyst Nicholas Jones initiated coverage of Etsy with a market outperform rating, saying in a Wednesday note that the e-commerce company is attracting more repeat buyers during the pandemic. “ETSY’s platform has been one of […]
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Chinese electric car start-up WM Motor files to go public in Hong Kong
Chinese electric car company WM Motor, or Weltmeister, filed Wednesday to go public in Hong Kong. Pictured here is one of the company’s cars in a shopping mall in Shanghai. Future Publishing | Future Publishing | Getty Images BEIJING — Chinese electric car start-up WM Motor filed Wednesday to go public on the Hong Kong […]
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Cramer’s lightning round: Century Aluminum is not 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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Charts suggest ‘it’s going to be a very nice summer’ for stocks, Jim Cramer says
CNBC’s Jim Cramer explained technical analysis from veteran chartist Larry Williams that suggests the market’s recent rebound could last for the next few months. “Larry Williams perfectly called the bottom the week before last. Now his analysis suggests we’ve got a lot more room to run. He thinks this is not just a short-term bounce, […]
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Salesforce CEO Marc Benioff says foreign exchange pushed the company to lower revenue guidance
Salesforce co-founder and co-CEO Marc Benioff told CNBC’s Jim Cramer on Tuesday that the rising value of the dollar played a part in the software company lowering revenue guidance in its latest quarter. “Our guidance is really impacted by foreign exchange,” Benioff said in an interview on “Mad Money.” “We have now had to consume […]
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Jim Cramer says these three Big Tech stocks have ‘nowhere else to go but up’
CNBC’s Jim Cramer told investors on Tuesday that some stocks have fallen so far from their highs that they will inevitably rally. “While they may stay losers, the bottom line is they’ve fallen so darn far that I think they’ve become metaphors for a whole host of stocks that are now ready to rally because […]
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