Wall Street’s scorching rally off its wartime lows back to new highs faces a big test this week: a jam-packed earnings calendar. The list of companies reporting stretches from linchpins of the AI trade like Club name GE Vernova to battleground software stocks such as ServiceNow to companies with their pulse on the industrial economy…
The Club’s top 10 things to watch Friday, Feb. 13 — Today’s newsletter was written by Jeff Marks , the Club’s director of portfolio analysis. 1. Stock futures are little changed this morning after the January consumer price index report came in slightly cooler than expected. CPI rose 2.4% year over year, down from 2.7%…
We’re through the busiest part of the earnings season storm, with most of the world’s biggest tech firms already in. Nonetheless, this week brings numbers from two more portfolio names — plus, three important economic reports. According to FactSet, nearly three-quarters of the 59% of S & P 500 companies that have reported quarterly results…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks are starting the week off on a positive note with every sector except consumer staples in the green. As stocks extend last week’s gains, Jim Cramer is closely…
Signage outside the Cleveland-Cliffs Inc. Cleveland Works steel mill in Cleveland, Ohio, US, on Wednesday, Aug. 17, 2022. Luke Sharrett | Bloomberg | Getty Images Cleveland-Cliffs is looking into building a rare earths mining business, CEO Lourenco Goncalves told investors Monday. The steelmaker has two sites in Michigan and Minnesota where geological surveys have found…
As the bull market turns three-years-old, CNBC’s Jim Cramer said on Friday that he expects companies to post “better than expected” earnings to continue the market’s rally. “The bears will hold their nose, hide their eyes and disengage their brains once again as next week progresses, because it should be another good one for earnings,”…
