The stock market is in a rough patch as of late while investors grapple with macro pressures, upcoming elections and geopolitical tensions. However, investors and their portfolios can hold up in the tumult – if they’re able to ignore the short-term noise and choose stocks with attractive return prospects over the long term. In this … Read more
Salesforce executives told investors that deals are shrinking or getting delayed. Dell said its margin is getting smaller. Okta highlighted macroeconomic challenges. And Veeva’s CEO said on his company’s earnings call that generative artificial intelligence has been “a competing priority” for customers. Add it all up and it was a brutal week for software and … Read more
MongoDB CEO Dev Ittycheria. Scott Mlyn | CNBC MongoDB stock sank as much as 26% in extended trading on Thursday after the database software maker issued light guidance for the quarter and reduced its forecast for the full fiscal year. Here is how the company did, compared to the LSEG consensus: Earnings per share: 51 … Read more
My top 10 things to watch on Friday, March 8 1. U.S. job growth topped expectations — with payrolls increasing by 275,000 vs. expectations of growing 198,000 — but the unemployment rate rose to 3.9%. Growth from the previous two months was also revised lower, not nearly as hot as initially reported. Wages flat. 2. … 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. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Powell speaks: Two days of testimony from … Read more
It’s arguably the biggest stock story of 2023: a small number of giant technology companies now make up a very large part of big indexes like the S&P 500 and the Nasdaq-100. Five companies (Apple, Microsoft, Amazon, Nvidia and Alphabet) make up about 25% of the S&P 500. Six companies (Apple, Microsoft, Amazon, Nvidia, Alphabet and Broadcom) … Read more
CNBC’s Jim Cramer on Friday laid out what he thinks investors should focus on in the coming week, pinpointing next week’s nonfarm payroll report, which measures unemployment and wage inflation. The labor figures could indicate whether interest rates will stay low, he said. And with rates on the decline, Cramer asserted that buyers are broadening … Read more
CNBC’s Jim Cramer examined enterprise software company Datadog‘s Tuesday rally, saying the tech stocks’ gains aren’t over, and the company’s success signals good news for peer stocks. “You had to be curious, examining what Datadog had to say. You couldn’t be dogmatic, trapped in negativity.” Cramer said. “You had to believe in bowling, meaning the … Read more
Olivier Pomel, co-founder and CEO of Datadog, speaks at the company’s Dash conference in San Francisco on Aug. 3, 2023. Datadog Shares of cloud monitoring software firm Datadog surged nearly 30% in Tuesday trading after the company reported stronger-than-expected third-quarter earnings and full-year guidance. The company reported quarterly revenue of $547.5 million, up 25% year … Read more
Darn it all, we had to get overbought just when the market bulls got all of the momentum. OK, plus 3.4% on the S & P 500 Short Range Oscillator , which I have trusted for decades during volatile times, is not the end of the world. But this market is susceptible to downturns whenever … Read more