Stock markets
Stock futures little changed following Thursday’s comeback as investors assess Fed plans
U.S. stock futures were little changed on Thursday night after the major averages staged a late-day comeback as investors appraised the likelihood of tighter monetary policy from the Federal Reserve to combat inflation. Dow Jones Industrial Average futures rose 3 points, or 0.01%. S&P 500 and Nasdaq 100 futures climbed 0.02% and 0.05%, respectively. The […]
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Be conservative with FAANG stocks as anticipated Fed rate hikes spurn a market pivot, Jim Cramer says
CNBC’s Jim Cramer said Thursday that he expects the market to pivot to a bull market for recession-proof stocks rather than expensive growth names. When the Federal Reserve decides to combat an “inflationary spiral with higher [interest] rates, you’re not supposed to buy expensive growth stocks. The hedge fund playbook says that you should sell […]
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Top Morgan Stanley analyst Graseck gives her favorite bank picks into earnings
The analyst has three preferred picks that will benefit from higher interest rates and accelerating loan growth even with the greater likelihood of recession. Source
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Stocks making the biggest moves midday: HP, Constellation Brands, CDK Global and more
A man passes a Hewlett Packard display at a technology conference Jim Young | Reuters Check out the companies making headlines in midday trading. HP — Warren Buffett’s Berkshire Hathaway became the largest shareholder in the computer hardware company, sending shares up 16.4%. Berkshire Hathaway bought nearly 121 million shares, or about an 11% stake […]
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What’s behind Warren Buffett’s HP buy and why it’s giving some analysts bad IBM flashbacks
Analysts believe HP is a classic value bet and a play on capital returns, but some cautioned that it could be a repeat of Buffett’s IBM mistake. Source
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Stocks making the biggest moves premarket: Conagra, Levi Strauss, Rite Aid and others
Check out the companies making headlines before the bell: Conagra (CAG) – The food producer’s stock tumbled 5.5% in the premarket after issuing a weaker-than-expected forecast for the fiscal year ending in May. Conagra’s results are being hit by higher transportation and raw materials costs. Levi Strauss (LEVI) – Levi Strauss beat estimates by 4 […]
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Stopped trucks, foldable beds for workers: What European businesses face with China’s Covid surge
Shanghai, home to the world’s largest container shipping port, began a two-part lockdown on March 28 and has yet to announce when restrictions will lift. Yang Jianzheng | Visual China Group | Getty Images BEIJING — China’s Covid controls have disrupted supply chains and stressed the daily life of workers, primarily in Shanghai and Shenyang, […]
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A fertilizer shortage, worsened by war in Ukraine, is driving up global food prices and scarcity
Remy Gabalda | AFP | Getty Images A fertilizer shortage has added to growing concerns about the Ukraine war’s impact on the price and scarcity of certain basic foods. Combined, Russia and Belarus had provided about 40% of the world’s exports of potash, according to Morgan Stanley. Russia’s exports were hit by sanctions. Further, in […]
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Cramer’s lightning round: I’m on board with Douglas Elliman
“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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Resist the urge to sell everything, Jim Cramer tells investors
CNBC’s Jim Cramer on Wednesday warned investors against selling off all their holdings, even as the markets continue to roil. “No matter how scared you get, most people aren’t nimble enough to get out of this market and then get back in again at a good price. That’s why it’s a mistake to sell everything […]
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