Technology Select Sector SPDR Fund
Apple goes for the ‘continuity candidate’ to replace Cook. What the CEO change means for investors
Apple ‘s surprise leadership announcement on Monday left Wall Street reconsidering their expectations for the future of the technology titan. The iPhone maker said John Ternus, a senior vice president of hardware engineering, will succeed CEO Tim Cook on Sept. 1. Cook would move to the role of executive chairman after about 15 years as […]
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Jim Cramer gives four reasons why the market keeps shrugging off the Iran war
CNBC’s Jim Cramer said the stock market’s muted reaction to escalating tensions in the Middle East shows investors are focused on forces far bigger than geopolitics. “When you saw the news…you had to believe we were just going to get clobbered today,” the “Mad Money” host said, referring to headlines over the weekend that Iran […]
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U.S. seizes Iranian-flagged ship, Warsh’s big week, Cursor funding and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Good morning. The Boston Marathon is today, and I’m feeling particularly inspired by this runner who went from being partially paralyzed to running in this year’s race. Stock futures are falling this morning. The three major indexes are coming off a winning […]
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Evercore ISI pounds table on Sandisk. Bull case sees rally to $2,600
Evercore ISI is jumping on the Sandisk bandwagon, initiating coverage of the stock with an outperform rating and $1,200 price target. That implies 26% upside from Monday’s close. However, its bull case has the stock surging to $2,600 — a 173% jump. The flash memory storage company has been on a tear this year, already […]
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