Rising gas prices drive more people to Costco for cheaper fuel. But the real benefit to the retailer is the additional sales that come from the accompanying in-store traffic boost. With the Iran war in its fourth week and U.S. oil prices soaring to highs not seen in four years, the national average for a…
The stock market just closed out a rough week — and according to CNBC’s Jim Cramer, the pain is unlikely to end anytime soon. With little on the calendar in terms of major corporate earnings or economic data next week, the inverse relationship between oil and stocks will take on even more importance. It’s been…
My top 10 things to watch Friday, March 20 1. Stock futures are down this morning as oil works its way back up after a brief move lower on Thursday. The major averages are pacing for their fourth losing week in a row, with the S & P 500 and Dow down 0.4% and 1.2%,…
Oil spiking and hot inflation data shook Wednesday’s stock market, leaving investors with few places to hide. But there’s still room to nibble on select stocks, according to CNBC’s Jim Cramer. “If I didn’t own it, I would buy the stock of Nvidia,” Cramer said on “Mad Money,” explaining that the AI-leader and CNBC Investing…
Nvidia CEO Jensen Huang on Tuesday pointed to a fast-rising AI project called OpenClaw as a major step forward in how people interact with artificial intelligence. “It is now the largest, most popular, the most successful open-sourced project in the history of humanity,” Jensen told Jim Cramer in a “Mad Money” interview from the sidelines…
A day after Jensen Huang unveiled a new chip and updated guidance at Nvidia’s annual GTC conference, the stock is … not doing much. That raises the question: Was this year’s keynote a disappointment? Has the stock simply run out of steam? Nvidia has one of the most frustrating stocks in the market, especially for…
Industrial-focused stocks have been stumbling since the start of the Iran war on fears that higher oil prices will ignite a fresh wave of inflation and make it difficult to transport goods to and from the Mideast. Club holdings Honeywell , Dover , and Linde each have a way to weather the storm. Honeywell Honeywell…
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…
