Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks are rallying Friday , but the S & P 500 is still on pace for a negative week. The market is rebounding from oversold levels,…
Piper Sandler renewed coverage of Jim Cramer’s least favorite portfolio tech name with a buy. We’re talking about custom chipmaker Broadcom , which analysts at Piper called the “ASIC compute king” in a new note to clients. ASIC stands for application-specific integrated circuit. They set a $460 price target on the stock, representing more than…
Stocks moved lower since our last CNBC Investing Club Monthly Meeting as renewed inflation concerns, sparked by rising oil prices, sent Treasury yields higher — a toxic mix for the market. In early Thursday trading, it was much of the same, with Iran war uncertainty pushing U.S. oil prices above $100 per barrel, joining international…
Stocks kicked off September on shaky footing as higher oil prices and Treasury yields tested investors’ appetite for some of the market’s biggest artificial intelligence winners. For the week, the S & P 500 eked out a 0.1% gain, while the Nasdaq gained 0.4%, recovering from a rough start to the historically difficult month of…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks dipped on Friday following the strong August employment report. Still, the S & P 500 was on track for a positive week. Nonfarm payrolls increased…
Broadcom CEO Hock Tan speaks at the digital X event in Cologne, Germany, on Sept. 13, 2022. Ying Tang | Nurphoto | Getty Images Broadcom shares edged up 2% in extended trading on Wednesday after the chipmaker issued a rosy forecast for the next fiscal year and hinted at growing business with artificial intelligence labs….
MediaTek CEO Rick Tsai (R) talks with Nvidia CEO Jensen Huang (left) during a keynote speech for Computex 2025 at the Taipei Nangang Exhibition Center Hall in Taipei on May 20, 2025. I-hwa Cheng | Afp | Getty Images Shares of MediaTek closed 10% higher on Tuesday after the Taiwanese chip firm announced a partnership…
My top 10 things to watch Monday, Aug. 31 1. Oil is up nearly 4% and Chevron , my crude barometer, is trading above $200. U.S. and Iran exchanged attacks for the first time since July. President Donald Trump is threatening to blow up an Iranian oil hub, growing frustrated by a slower-moving sanctions approach….
As one AI chipmaker leaves the earnings spotlight, another one enters this week. The evolving cybersecurity landscape and the labor market will also be in focus. Here’s an in-depth look at three big things we’re watching this week. 1. Earnings: Broadcom and Palo Alto Networks are the two Club names on the earnings docket. Both…
This week’s impressive earnings results showed that the AI buildout is not a zero-sum game: both hardware and software stocks can win. The tech-heavy Nasdaq Composite and the S & P 500 gained 0.9% and 0.5%, respectively, while the blue-chip Dow Jones Industrial Average added 0.5%, marking its first winning week in three. Much of…
