Following cooler-than-expected producer price data Tuesday morning, the market’s 50/50 odds between a quarter-point Federal Reserve interest rate cut in September and a half-point cut tilted further toward the bigger move. That sparked a big rally in stocks, with the Nasdaq leading the way higher and jumping more than 2% in afternoon trading. Here are … Read more
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. Markets meander: The S & P 500 was struggling to hold onto slim gains Monday. It’s been a choppy session for stocks, with Treasury yields falling … Read more
When I look at Thursday’s rally, I am beginning to realize that we have become so binary and so up close that we have lost our ability to think about what matters. The big fish data got caught among the minnow minutiae and we ended up with ridiculous rallies that are, therefore, based on nothing. … Read more
CNBC’s Jim Cramer on Tuesday analyzed the current market action, pointing out the way consumer-focused companies are suffering while outfits that deal with data and have enterprise customers triumph. “Right now, you have to follow the money, and it’s currently flowing to businesses that cater to other businesses and the ones that need to interrogate … Read more
My top 10 things to watch Tuesday, May 21 Wall Street is set for a muted open Tuesday after the Nasdaq closed at a record to kick off the week. The S & P 500 also touched a record during the session before closing flat. My trusted momentum indicator, the S & P 500 Short … Read more
A shopping cart sits in front of a Lowe’s store in Pacoima, California, November 21, 2023. Justin Sullivan | Getty Images Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Tuesday, even as do-it-youself customers bought fewer pricey items. The home improvement retailer’s results echoed those of Home Depot last week. Home Depot missed … Read more
CNBC’s Jim Cramer on Friday guided investors through next week’s earnings-packed schedule on Wall Street, saying the highlight will be the report from Nvidia, one of the biggest players in the artificial intelligence space. “Lots to love next week, but, look, for many it’s really just going to be about Nvidia,” Cramer said. “I just … Read more
CNBC’s Jim Cramer reflected on the earnings season so far, saying investors shouldn’t judge stocks based purely on figures from a financial report. Instead, he said it’s wise to read beyond “negative headlines” to better predict a company’s performance. “You know what the biggest takeaway is?” he said, referring to earnings season. “It’s the way … Read more
Here are the most important news items that investors need to start their trading day: 1. The Fed vs. Nvidia The week ahead will tell whether the Federal Reserve can damper investor enthusiasm. A rally fueled in large part by blowout Nvidia earnings pushed the S&P 500, Dow Jones Industrial Average and Nasdaq all to … Read more
The Lowe’s logo is displayed on the front of the store near Bloomsburg. Paul Weaver | Lightrocket | Getty Images Lowe’s on Tuesday beat Wall Street’s quarterly earnings and revenue estimates, even as the company continued to see customers tackle fewer home projects. The home improvement was going up against lower expectations for its fourth … Read more