We are fixated on two problems: the price of oil and the frailty of our banking system. We are catastrophizing at a pace I have rarely seen, accelerated by negative commentators who are rarely proven right but are always given the microphone — either because they are super-rich or because they are super-short. Too cavalier?…
A trifecta of uncertainty — from the Iran war to AI disruption to private credit — is crushing financial stocks this year. While shares of Goldman Sachs and Wells Fargo have been caught up in the downdraft, their businesses should be largely insulated from these headwinds. Nevertheless, Club stocks Goldman Sachs and Wells Fargo have…
The Federal Reserve’s latest interest rate decision, a batch of economic data, and several notable earnings reports are all on the docket this week. However, the biggest event for Wall Street will arguably be out in California, as Nvidia holds its influential AI technology conference. Well, that is what we would usually say heading into…
The Iran war-driven spike in oil prices crushed stocks last week, culminating in the S & P 500 ‘s first three-week losing streak in roughly a year. There was little place to hide, with nine of the 11 S & P 500 sector indexes lower for the week. Not surprisingly, energy and utilities were winners. Brent…
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. The S & P 500’s oversold bounce could not hold on Friday, and the early gains were erased. The reason was oil, which was lower for…
CNBC’s Jim Cramer on Thursday warned panicked investors tempted to dump their portfolios due to Iran war-induced market volatility: Don’t follow the crowd off the ledge. “Even if the current situation is terrifying, remember that under almost all circumstances, it makes sense to stick with the market, if only because you’ll have a better chance…
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 Wednesday’s key moments. 1. The Dow plunged more than 500 points on Thursday as oil prices continued to surge after Iran’s new Supreme Leader, Mojtaba Khamenei, said the Strait of Hormuz would stay…
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 rebounded from early declines and oil tumbled to the low $80s after the International Energy Agency said it met with G7 Energy Ministers in Paris to…
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. This story has been updated since it was first published before 3 p.m. ET following what President Donald Trump told CBS News about the Iran war….
My top 10 things to watch Monday, March 9 1. No end in sight to Iran war: Oil is surging again this morning, with both U.S. benchmark WTI and global standard Brent trading in the low-to-mid $100s a barrel. The Financial Times reported that G7 officials are discussing tapping their strategic oil reserves, which helped…
