Scott Eells | Bloomberg | Getty Images Shares of online real estate and home-related mobile platform Zillow rallied Monday afternoon after Valiant Capital said the stock is one of its portfolio picks. The huge advantage Zillow has here is so much traffic already coming to its site, Valiant President and Founding Partner Chris Hansen said
Investing
Shareholders walked between booths at the annual Berkshire shareholder shopping day in Omaha, Nebraska, May 3, 2019. Scott Morgan | Reuters At the “Woodstock of Capitalism,” thousands of shareholders walked around the CHI Health Center in Omaha, Nebraska, on Saturday, posing for photos with oversized pop-ups of Warren Buffett, giant Heinz ketchup bottles and buying
CNBC’s Jim Cramer on Friday said Occidental Petroleum‘s borrowed an “ill-advised” $10 billion from Warren Buffett to further a bidding war with Chevron for Anadarko. To raise enough capital, Occidental now has a loan from Berkshire Hathaway with an 8% interest rate, which is worth as much as $20 billion, he said. That could be
If you are trying to save money, it helps to have a goal. Whether it is for retirement, starting a business or paying for an education, Americans are putting money aside — but many aren’t saving enough, and some, not at all. In fact, 21% of working Americans aren’t saving anything, according to a recent
Apple rallied nearly 5% on Wednesday, but CNBC’s Jim Cramer said there could soon be even more upside. “That’s why I always say own it, don’t trade it,” the “Mad Money” host said. “With this quarter, we got yet another reason to stick with Apple, and even after today’s terrific run, I think it will
Shares of both Facebook and Amazon fell during the session through no fault of their own, CNBC’s Jim Cramer said Tuesday. He said the two Internet giants took a hit because of “guilt by association” in the FAANG group with Google. The search engine is a subsidiary of Alphabet, which missed the revenue mark by nearly
More and more Democratic presidential hopefuls are adopting a single-payer health care stance, which could be devastating for any player in the health insurance business, CNBC’s Jim Cramer said Monday. Following the lead of Bernie Sanders, the independent Vermont senator who is one of the biggest mouthpieces advocating for “Medicare for All,” about eight candidates
Blackstone’s Joseph Zidle is warning investors earnings season could go awry. With almost half of S&P 500 companies reporting quarterly earnings so far, Zidle believes a lot could still go wrong. He lists an earnings setback as the most legitimate risk that would spark a correction. “We might see earnings growth at approximately zero for
Crude oil has snapped its best weekly win streak in four years. The commodity has plummeted 5% since Monday, its first negative week in eight. Losses accelerated on Friday after President Trump said he called on the Organization of Petroleum Exporting Countries to act to bring global oil prices lower. Bill Baruch, president of Blue
Lockheed Martin delivered the best conference call to its shareholders out of the defense sector, CNBC’s Jim Cramer said Friday. The largest military contractor in the world, the Bethesda, Maryland-based manufacturer trounced analyst expectations on earnings per share, $5.99 versus $4.34, and revenue, $14.3 billion versus $12.6 billion. Raytheon, a major contractor for the U.S.,
The stock market is being flooded with new initial public offerings and many of the best performers in the 2019 class aren’t worth chasing at current levels, CNBC’s Jim Cramer said Thursday. “Given the big jumps in stocks like Zoom and Pinterest, and those weak numbers and forecast from Intel tonight, I’m starting to worry
CNBC’s Jim Cramer on Wednesday said too many Wall Street watchers assumed that businesses’ first quarter earnings results would be horrid and now the stock market is rallying on companies besting expectations. Analysts based their 2019 predictions on the Federal Reserve-induced fourth-quarter sell-off and prolonged U.S.-China trade war, but never revised their outlooks as the
Investors should believe the top brass of a company with a good, long-term track record when its management says it can turn things around, CNBC’s Jim Cramer said Tuesday. PepsiCo, which has doubled its dividend in the past decade, is one of those names to put faith behind even when analysts are against the odds,
Things are heating up in the energy market. The Trump administration announced Monday that it would end exemptions to its sanctions on Iran, a move meant to significantly curb Iran’s oil output. Crude prices surged after the announcement, with the U.S. benchmark, West Texas Intermediate crude, gaining nearly 3 percent. Here’s what experts say higher
Exchange-traded funds are getting a revamp at Goldman Sachs. The big bank has doubled down on a concept called smart beta, which blends passive and active investing strategies to build portfolios based on non-traditional metrics. At Goldman, the strategy is branded as ActiveBeta and revolves around four factors: value, quality, momentum and low volatility. “We
Health care suffered a health scare this week. The XLV health care sector ETF tumbled more than 4% since Monday, its worst week of the year and sending the group negative for 2019. Craig Johnson, chief market technician at Piper Jaffray, says the prognosis does not look good. “No question that the health care sector
It’s a good time to be a graduate. Those armed with a newly minted diploma will enter a job market with unemployment near the lowest level in 50 years and job prospects up significantly from just last year. Employers plan to hire nearly 11% more graduates from the class of 2019 than they did from
CNBC’s Jim Cramer on Thursday said the banking sector reported positive earnings results over the past week and that the stocks remarkably were able to rally on the news. “The big takeaway from the major banks is that the group is doing better than we thought and even after this latest leg higher, many of
CNBC’s Jim Cramer on Wednesday said that business in the construction industry seems to be picking up and it could make an interesting play for Waste Management. “Jim Fish, CEO of Waste Management who comes on all the time on the show, often commented that his best source of revenue is construction,” the “Mad Money”
J.B. Hunt Transport Services‘ downbeat earnings call on Monday should put to rest any ideas that the economy is too strong and that the Federal Reserve should tighten interest rates again, CNBC’s Jim Cramer said Tuesday. The trucking and transportation company’s stock sank nearly 5% after missing Wall Street’s expectations and blaming low volume on
CNBC’s Jim Cramer on Monday suggested that President Donald Trump stop targeting Federal Reserve Chairman Jerome Powell and let the chief carry out his current monetary policy plan. In a tweet on Sunday, Trump doubled down, again, on his criticism of Powell in the wake of the Federal Open Market Committee’s move to raise the
One big bank is not like the other. Financial giants J.P. Morgan and Wells Fargo kicked off earnings season on Friday, both issuing better-than-expected results. But while J.P. Morgan’s stock soared nearly 5%, Wells Fargo’s stock slid, ending the day almost 3% lower. Wells Fargo’s weakness came largely from softer profit guidance from CFO John
Crude can’t crank higher unless it stays above the key $60 level, says expert technician Louise Yamada. Tightening global supplies have proved bullish for the commodity this year, with U.S. West Texas Intermediate crude prices currently hovering near five-month highs. But the upward action has also been quite volatile, as economic and geopolitical factors have
Pinterest will soon go public and there is cause for concern that investors should pay attention to, CNBC’s Jim Cramer said Friday. “Pinterest has a neat concept, and even though I’m definitely not the target demographic, I can see that it’s a fabulous platform for advertisers,” the “Mad Money” host said. “That said, unless you
CNBC’s Jim Cramer on Thursday said it’s time for “wholesale change” in Bed Bath & Beyond‘s management. “The company still has a good balance sheet, $1 billion in cash, so I think it can be saved,” the “Mad Money” host said. “But I gotta tell you something: not with this management team.” The home goods
CNBC’s Jim Cramer on Wednesday took a deeper look at Dirty Lemon, the health-conscious drink owned by Iris Nova, to understand how its business model could help keep down inflation: embrace the honor system. “If this method catches on, it’s easy to see how our economy can keep growing with hardly any meaningful wage inflation,”
Earnings season is drawing nigh and one more pullback before the week ends could be a positive for the market, CNBC’s Jim Cramer said Tuesday. Tuesday’s decline, where the three major indexes all fell less than 1%, was a “very healthy” move before companies start reporting, he said. “Let’s just say they have plenty of
CNBC’s Jim Cramer said Monday that stockholders of household names should not be too quick to pull the trigger when they hit a rough patch because the market tends to be forgiving. “When a company with a terrific long-term track record suffers a setback and the stock implodes, the pain can make you want to
Much of Wall Street may consider Europe a danger zone for investors, but BNY Mellon’s Alicia Levine lists it as one of her top market plays. Levine, the firm’s chief strategist, believes big gains are in store for the battered region. “There are great opportunities in the places where people feel the worst about. And,
People with student debt may soon have another way to pay their monthly bills. What’s unclear is how much of a help that new method will be. The House Ways and Means Committee earlier this month unanimously passed the Secure Act, which would expand 529 accounts to cover costs beyond college to those associated with
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