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,…
CNBC’s Jim Cramer on Friday said falling oil prices helped revive the stock market, but warned that next week’s Federal Reserve meeting could quickly change the outlook for investors. “Thank heavens oil went down today,” the “Mad Money” host said. “It changed everything.” Stocks rebounded Friday as oil prices retreated, helping the major averages recover…
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…
Goodbye, summer. With Labor Day marking the unofficial end of summer, traders and portfolio managers will return from vacations and be back at their desks in full force. Portfolios tend to see some house-cleaning adjustments. Trading volumes pick up. Midterm elections are also on the horizon this year, which can add volatility in the run-up…
CNBC’s Jim Cramer said Monday that August was a comeback month for stocks that had been battered by some of Wall Street’s most powerful bearish narratives. His comments came on the final trading day of August. Several of the S&P 500‘s biggest winners in August spent months under pressure from concerns ranging from artificial intelligence…
Putilich | Istock | Getty Images Analysts and pundits in finance have an endless supply of clever, simplistic explanations for complex market movements. Over the years, culprits have ranged from El Niño and climate change to the World Trade Organization, rock ‘n’ roll music and the fluoridation of water. Many of these explanations proved wrong, yet commentators…
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…
Salesforce CEO Marc Benioff appears at the 2023 Dreamforce conference in San Francisco on Sept. 12, 2023. Marlena Sloss | Bloomberg | Getty Images For the better part of a year, Salesforce CEO Marc Benioff has been hearing that his company could get wiped out by AI. He’s scoffed anytime someone has asked him about…
CNBC’s Jim Cramer on Thursday said strong earnings results from Nvidia and Salesforce shattered two of Wall Street’s biggest tech bear narratives, sending both stocks soaring. “We were in the grip of some lies and damn lies, backed by chimerical statistics, and now both bear stories backfired,” the “Mad Money” host said. “Today was a…
Shares of Salesforce jumped more than 20% Thursday after the company reported a beat on second-quarter earnings and announced an expanded partnership with artificial intelligence startup Anthropic. The stock is on pace for its second-best day ever, trailing only August 2020, when shares jumped roughly 26%. CEO Mark Benioff and Anthropic CEO Dario Amodei joined…
