My top 10 things to watch Monday, April 20 1. Stocks are headed for a lower open, and oil prices are higher this morning as tensions reignite in the Strait of Hormuz. The U.S. seized an Iranian commercial ship that tried to evade the Navy blockade. Iran’s brief reopening of the strait Friday capped off…
When the stock market opens on Monday, we will once again face the interaction between bonds and oil. Over the weekend, we saw the breakdown of the Strait of Hormuz opening deal and the ramp-up of President Donald Trump ‘s willingness to go back to bombing mode. I read that there are no more targets,…
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…
You can call it a comeback. Stocks rocketed to record highs last week on hopes of a peace deal with Iran, with the S & P 500 closing above 7,100 for the first time and the Nasdaq completing its longest-winning stretch since 1992 — 13 days of gains. For the week, the broad-based S &…
CNBC’s Jim Cramer on Friday laid out his game plan for the week ahead after what he called one of the most “remarkable” rallies he’s ever seen. “If you didn’t believe we could have still one more week where we’d rally 3%, you’d be right,” Cramer said. “We actually rallied 4% thanks to today’s gigantic…
Bank earnings confirmed one thing this week: The Iran war may be a major geopolitical upheaval, but not a financial one. March, the final month of the first quarter, was brutal on Wall Street. The conflict started on Feb. 28, and quickly sent oil prices soaring and stocks tanking. Wells Fargo shares tumbled to a…
My top 10 things to watch Friday, April 17 1. The S & P 500 is headed for a higher open this morning after Iran declared the Strait of Hormuz open to commercial traffic during the Israel-Lebanon 10-day ceasefire. Oil prices sank more than 9%. President Donald Trump said the U.S.-Iran war “should be ending…
Shortly after the opening bell, we will be selling 25 shares of Broadcom at roughly $388 each. Following Wednesday’s trade, Jim Cramer’s Charitable Trust will own 390 shares of AVGO, decreasing its weight in the portfolio to about 4% from 4.3%. Broadcom shares were moving higher on Wednesday after the company announced a multi-year, multi-generation…
CNBC’s Jim Cramer said investors who fled the market during recent volatility may be grappling with a familiar realization that the worst-case scenarios driving their decisions never materialized. “What we have is a rally that appears to be based on nothing,” said the “Mad Money” host on Tuesday. “But in reality, it’s based on the…
CNBC’s Jim Cramer said Monday that Wall Street’s resilience in the face of escalating geopolitical tensions shows investors are focusing less on the Iran war itself and more on a key driver of stock valuations: interest rates. “I think I’ve been negligent in bringing up the power of low rates, because it’s the reason the…
