CNBC’s Jim Cramer has been hammering home the difference between meaningless and meaningful gains on the stock market and on Monday laid out a basket of companies that are rising for good reason. “We don’t want to be in a situation where stocks keep roaring on the same old, same old information, so it’s a […]
Tag: Stock markets
IBM’s downgrade makes no sense
First Horizon National Corp.: “This stock is not down as well as I thought because I think that the acquisition was a brilliant acquisition. Others don’t. I think they’re wrong. [CEO] Bryan Jordan understands.” HollyFrontier Corp.: “I’m not going to disagree with you. I think it is a value play, as long as you accept […]
GlaxoSmithKline CEO seeks FDA approval for ‘at least’ six drugs in 2020
GlaxoSmithKline has made innovation its top priority as the drugmaker seeks to land federal approval of six drugs within the next 12 months, CEO Emma Walmsley told CNBC on Monday. Performance and trust round out the balance of GSK’s main priorities in 2020 as the British company labors to make advancements in treatments for a […]
Jim Cramer is skeptical of Google parent’s march toward $1 trillion
Alphabet is close to joining one of the most elusive clubs on Wall Street, but CNBC’s Jim Cramer said Monday that he is skeptical of the progress. Shares in Alphabet, the tech giant that owns Google, rose almost $10 to an all-time closing high of $1,440.03, pulling within 1% of reaching $1 trillion of market […]
US won’t consider China a currency manipulator ahead of trade deal
Chinese Vice Premier Liu He (2nd L) says goodbye to U.S. Treasury Secretary Steven Mnuchin as they break from meetings at the USTR offices May 10, 2019 in Washington, DC. Chip Somodevilla | Getty Images The United States removed China from a list of countries considered currency manipulators just two days before top trade negotiators […]
Watch out for this ‘anomaly’ when buying gold: Investor
You may want to think twice before you go mining for precious metal ETFs. While now might seem like a good time to buy gold, with gold ETFs seeing more than $500 million in outflows in the first few weeks of 2020 as enthusiasm around the typically risk-averse yellow metal cooled, industry pros say investors […]
What happened to the stock market Monday: S&P, Nasdaq hit records
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Dow Jones Industrial Average rises 83 points The Dow climbed 83.28 points, or 0.29%, to end the day at 28,907.05. The S&P 500 and Nasdaq Composite rose 0.70% and 1.04%, respectively, to record highs. Stocks rose as optimism around the […]
S&P 500 rises to record high after news the US will remove currency manipulator tag from China
Stocks closed higher on Monday, resuming the rally that started last week amid news the U.S. will remove China from a list of currency manipulating countries, increasing optimism ahead of the signing of a key trade agreement. The S&P 500 gained 0.7% to close at 3,288.13, hitting a record high. The Nasdaq Composite also notched an all-time […]
Tesla, Lululemon, GE & more
Traders work on the floor of the New York Stock Exchange (NYSE) on November 04, 2019 in New York City. Spencer Platt | Getty Images Check out the companies making headlines midday Monday: Tesla — Tesla rose more than 9.5% after Oppenheimer hiked its price target for the electric car maker to $612 per share […]
Five biggest stocks dwarfing the market at ‘unprecedented’ level
It’s no secret that a handful of tech giants have been dominating the stock market, but their leadership has reached a level that is raising eyebrows on Wall Street as being unsustainable. The top five U.S. companies — Apple, Microsoft, Alphabet, Amazon and Facebook — now make up 18% of the total market capitalization of […]
