Stock markets
MGM can go up 26% from here as convention business recovers, JPMorgan says
Shares of MGM Resorts International could rally as tourism and business conventions return to Las Vegas, according to JPMorgan. Source
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Alibaba’s shares fall in Hong Kong following unconfirmed rumors linking Jack Ma to probe
Alibaba headquarters in Hangzhou, China. Bloomberg | Bloomberg | Getty Images Alibaba’s Hong Kong-listed shares were about 1% lower Tuesday — after earlier falling more than 9% —following unconfirmed rumors that linked the company’s founder Jack Ma to a national security investigation. Chinese state media reported earlier in the morning that the Hangzhou security bureau […]
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Jim Cramer says to buy the dip on days like Monday: ‘It’ll be too late’ if you wait for the Fed
“I know from experience that if you wait until the [Federal Reserve] is done and inflation’s broken, it’ll be too late to buy,” the “Mad Money” host said. Source
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‘Bubble’ hitting 50% of market, top investor warns as Fed gets ready to meet
The market may be in the early innings of a dramatic decline. Despite Monday’s tech comeback, money manager Dan Suzuki of Richard Bernstein Advisors warns the group is in a “bubble.” “Go back and look at the history of bubbles. They don’t softly correct and then are off to the races six months later. You […]
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Cramer’s lightning round: I like Magna over Tenneco
“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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Best Buy CEO says gaming engagement will continue across platforms even as people return to in-person activities
Best Buy CEO Corie Barry told CNBC’s Jim Cramer on Monday that she believes consumers will continue to seek out gaming and products related to it, even as in-person activities abound. “Gaming is much bigger than any cycle. It is social, it is [virtual reality], it is console, it is computing. It is for fun, […]
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Stock futures are lower after big market reversal to start May
U.S. stock futures moved lower Monday night after the major averages staged a big reversal to start the month. Dow Jones Industrial Average futures fell 59 points, or 0.2%. S&P 500 and Nasdaq 100 futures dipped 0.2% and 0.3%, respectively. Earlier in the day, the major averages posted a wild up-and-down session with the Nasdaq […]
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Stocks making the biggest moves after hours: Chegg, Clorox, Devon Energy and more
Check out the companies making headlines after hours. Chegg — Shares tumbled nearly 30% after the textbook company reported weak full-year guidance despite exceeding earnings expectations. In its most recent quarter, Chegg reported earnings of 32 cents per share on revenues of $202 million. Analysts surveyed by Refinitiv were expecting earnings of 24 cents per […]
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Prime Minister Boris Johnson says the UK will build one new nuclear plant a year
As Europe looks to move away from dependence on Russian energy, U.K. Prime Minister Boris Johnson said nuclear power needs to play a larger role. Nuclear power is “absolutely crucial to weaning us off fossil fuels, including Russian oil and gas,” Johnson said during a visit to England’s Hartlepool nuclear power station on Monday. “Instead […]
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Warren Buffett’s energy bet tops $40 billion, a record for Berkshire Hathaway
Warren Buffett piled into the energy sector as he took advantage of “gambling in the market” to pick up established oil and gas players at attractive prices. Source
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