Stock markets
Cramer cites 3 reasons why the market rallied on a day it had no business doing so
Wall Street should have been down Tuesday, yet the stock market had a great run. The usual suspects — tons of negative analyst notes, rising bond yields, mixed earnings, light housing data and spiking commodity prices — all lined up against the market Tuesday. Not to mention, St. Louis Federal Reserve Bank President James Bullard’s […]
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S&P 500, Nasdaq futures fall as Netflix shares tank on disappointing results, outlook
Stock futures dipped in overnight trading as investors digested disappointing Netflix earnings and looked ahead to a new batch of companies set to report Wednesday. Futures on the Dow Jones Industrial Average fell 40 points. or 0.12%. S&P 500 futures dipped 0.4% and Nasdaq 100 futures sank 0.9%. Shares of Netflix plummeted 25% in extended […]
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‘Don’t fight the U.S. consumer’ — Bank of America CEO says spending is healthy despite roaring inflation
Bank of America CEO Brian Moynihan told CNBC’s Jim Cramer on Tuesday that Americans are spending heartily, even as inflation continues to roil the economy. “In the month of March ’22 versus March ’21, the consumer … spent about 13% more than they did last year,” Moynihan said Tuesday in an interview on “Mad Money.” […]
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Use this ‘golden toggle’ to determine when to buy in this choppy market, Leuthold says
One feature of a commonly referenced measure of investor sentiment historically triggers some of the market’s best buying opportunities. Source
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Robinhood revives plans to launch in the UK with deal to buy crypto app Ziglu
A woman holds a smartphone with the Robinhood logo in the background. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Robinhood said Tuesday it has agreed to buy Ziglu, a London-based fintech app that lets users trade bitcoin and several other cryptocurrencies. The acquisition will help Robinhood expand into the U.K. and Europe, […]
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Stocks making the biggest moves midday: Twitter, Johnson & Johnson, WeWork and more
Vials labelled “COVID-19 Coronavirus Vaccine” and syringe are seen in front of displayed Johnson & Johnson logo in this illustration taken, February 9, 2021. Dado Ruvic | Reuters Check out the companies making headlines in midday trading Tuesday. Johnson & Johnson — Shares of the pharmaceutical and consumer giant gained 3% after the company beat […]
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Natural gas drops 10%, pulls back from more than 13-year high
U.S. natural gas futures plunged more than 10% Tuesday, reversing Monday’s surge which saw the contract rally more than 10% at one point to break above $8 per million British thermal units and hit the highest level since September 2008. Henry Hub prices declined 10.2% Tuesday to trade at $7.02. The May contract is now […]
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Energy stocks lead the market, these names are outperforming as tech swoons
Energy is far and away the top-performing S&P group this year amid a surge in oil and gas prices. Source
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Lululemon is a buy as apparel maker has momentum beyond pandemic, Truist says
Shares of Lululemon are poised to do well even as the world emerges from the Covid-19 pandemic, according to Truist. Source
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Gold House launches $30 million fund to invest in entrepreneurs of Asian descent
Megan Ruan knows firsthand how representation can impact funding for entrepreneurs. She recalled being the only woman of color working at a family office earlier in her career and running a portfolio of venture investments. “I saw the decisionmaking and how it differed between the people that were check-writers at these different funds and the […]
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