Stock markets
Eurazeo’s Adrianne Shapira says consumers are strong and have ‘shrugged off a lot’
France-based investment firm Eurazeo sees consumers spending healthily as geopolitical turmoil and inflation roil the economy, managing director Adrianne Shapira told CNBC’s Jim Cramer on Monday. “So far, the consumer is strong. I mean, we really have seen across our portfolios, strong performance. Again, we [invest in] earlier stage growth equities, so I’d say we’ve […]
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Recession fears tied to Treasury yields are overblown, Canaccord’s Tony Dwyer suggests
Wall Street may be overestimating recession risks. While investors focus on an unnerving inversion between the five-year and 30-year Treasury Note yields, Canaccord Genuity’s Tony Dwyer is concentrating on optimistic activity in another part of the bond market. According to Dwyer, the three-month versus five-year yield shows a healthier picture of the U.S. economy because […]
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Cramer’s lightning round: I like Nucor over ArcelorMittal
Enbridge Inc: “I like Enbridge. Wall Street doesn’t like it.” ArcelorMittal SA: “It’s okay. Nucor’s better. Nucor’s a better company. I’m always going to go with Nucor because it’s best in breed.” Disclosure: Cramer’s Charitable Trust owns shares of Wells Fargo and Nucor. Source
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I’m not buying KB Home stock until KB Home does, says Jim Cramer
KB Home is currently a risky stock to buy despite its low price, evidenced by the company’s own disinterest in purchasing its stock, CNBC’s Jim Cramer said Monday. “If KB starts buying back its stock aggressively, I’ll be right there with them. If they don’t, I’m staying on the sidelines,” the “Mad Money” host said. […]
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Jim Cramer says investors should use these rules to build a turbulence-proof portfolio
Investors should follow a certain set of rules when building their portfolios to weather the market volatility that Monday’s rally suggests could happen, Jim Cramer said. “When you see new, unseasoned merchandise exploding higher, along with names like Tesla surging on … a stock split, it tells you there might be a little too much […]
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Stock futures are flat ahead of consumer confidence data
Stock futures were flat in overnight trading ahead of Tuesday’s consumer confidence data and a big week for economic data. Futures on the Dow Jones Industrial Average dipped 20 points or 0.06%. S&P 500 futures were flat, while Nasdaq 100 futures inched 0.1% lower. During Monday’s regular trading session, the Dow Jones Industrial Average rose […]
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Stocks making the biggest moves midday: Tesla, Coinbase, AMC Entertainment, Beyond Meat and more
A Tesla Supercharger station in Vallejo, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Tesla — Tesla shares gained 8% on Monday following news that the electric vehicle maker will ask shareholders at its annual meeting to authorize a […]
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How to trade restaurant stocks as higher gas prices hit consumers, according to Piper Sandler
History shows that dine-in restaurants, like Olive Garden’s parent Darden, outperform when oil prices surge, the firm found. Source
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Oil slides more than 8% as Shanghai lockdown prompts demand fears
Andrey Rudakov | Bloomberg | Getty Images Oil declined more than 8% at the lows of the day on Monday as concerns over new lockdowns in China and the potential impact on demand sent prices tumbling. West Texas Intermediate crude futures, the U.S. oil benchmark, slipped 8.25% to trade at $104.50 per barrel. International benchmark […]
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Goldman says retail investors are buying this market dip. Here are their favorite stocks
The market may be in a sell-off, but retail investors are using the opportunity to buy the dip and boost their portfolios, Goldman Sachs says. Source
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