Investing

If not for the plunge in Apple’s stock on Thursday, Wall Street would’ve been laser-focused on the monumental tie-up between biotechnology giants Bristol-Myers Squibb and Celgene, CNBC’s Jim Cramer said. “If not for the Apple shortfall today — worst in 6 years, by the way — this Bristol-Myers-Celgene deal would’ve been all we talked about,”

Apple slashed its revenue forecast on Wednesday amid trade tensions between the U.S. and China, but it’s not the first company to signal trade impacts. In a letter to investors, Apple CEO Tim Cook said the company saw lower-than-expected sales primarily in China. Cook told CNBC’s Josh Lipton that the trade dispute with the U.S.

Buy the S&P 500 at the close every day and sell it at the next open. Sounds wacky? You could have outperformed the market by 20 percent. According to Bespoke Investment Group, if one had implemented this so-called after hours strategy every day in 2018, it could’ve posted a 13.3 percent return. “This has really

Everything was going right for the stock market until Oct. 3rd. Then everything went wrong. Up to that point, the Dow Jones Industrial Average had been up about 8 percent for the year — a solid gain if not quite as gaudy as the year before. More importantly, the fundamental backdrop was solid: The economy

Investor Peter Boockvar believes the stock market’s wild swings are evidence of a bear market. Boockvar recently told CNBC that the recent monster rallies do not signal the bulls are back. He noted bull market moves are more methodical. “We are in a bear market, and a bear market is not just going to end

Historic swings in stocks this month have shaken many a bull’s faith in the market. Not entirely so for Raymond James’ chief investment strategist Jeffrey Saut, who sees years left in this bull market. But that prediction comes with a caveat. “Longer term secular bull markets tend to last 15, 16, 17 years — the

The market will probably rally, but that doesn’t necessarily mean the bottom is in, top technical analyst Ralph Acampora told CNBC on Friday. In fact, right now he sees a bear market for stocks. The market began its wild week with a massive sell-off on Monday that saw the S&P 500 enter bear market territory.

Stocks may be “cheap” on a valuation basis right now, but value investor Scott Black isn’t buying into this market. The problem is the ongoing trade war between the U.S. and China, the president of Delphi Management told CNBC on Thursday. The two nations have been engaged in back-and-forth tariffs on each other’s goods. “This

In the dust of Wednesday’s stunning 1,000-point market gain could be the makings of the long-awaited Santa Claus rally. Though the jolly old elf traditionally visits the public before Christmas, he generally doesn’t come to Wall Street until the last week of the year. With just four trading days left, including Wednesday, it was about

U.S. market indicators are signaling that the economy could slow in 2019, former deputy Treasury Secretary Roger Altman told CNBC on Monday as markets closed early ahead of Christmas. The major averages saw the worst Christmas Eve trading session in history as the Dow Jones Industrial Average shed over 650 points and the S&P 500

Despite the market turmoil in December, many of Wall Street’s top analysts remain bullish for 2019. A CNBC survey found that the average strategist sees the S&P 500 ending next year above 3,000. That move would be a gain of more than 20 percent from current levels. That would be welcome news to investors, with

Donations generally pick up as the holidays approach; this year could be an exception. Because of the recent tax changes, most taxpayers won’t be able to claim a deduction for their charitable contributions — and if they can get a break, most won’t get as much of a tax savings on the dollars that they

President Donald Trump‘s growing dissatisfaction with Federal Reserve Chairman Jerome Powell could be veering into dangerous territory: Late Friday, Bloomberg News, citing four unnamed sources, reported that Trump has discussed firing the central bank head. With the Fed embarked on a campaign to tighten monetary policy, the president has repeatedly attacked Powell, reportedly fearful that

The safety trade is acting like anything but this week. Defensive sectors health care, staples, REITs and utilities have plummeted this week, offering no real shelter from a broader sell-off. Bill Baruch, president of Blue Line Futures, said the downturn has taken no prisoners. “There’s been systematic selling across the board,” Baruch said Thursday on

The Federal Reserve should listen to the market’s concerns about the economy, Wharton finance professor Jeremy Siegel told CNBC on Thursday. The central bank raised rates by a quarter point on Wednesday and lowered its projections from three to two increases for 2019. It also said it would continue to shrink its balance sheet at

Your employer will probably clear the cost of your client lunch appointment, but how about a designer watch? Apparently, at least one employer did bless the cost of just such a luxury timepiece ($8,000) — the purpose of the purchase was “customer appreciation,” according to client data from Certify, a travel and expense reporting app.

AB Bernstein downgraded technology stocks to “market weight” from “modest overweight,” citing potential headwinds including high valuations and trade tensions. In the meantime, some tech names with losses as much as 50 percent over the past six months have become very attractive, said a team of tech analysts at Bernstein, who recommend picking up cheap

DoubleLine Capital CEO Jeffrey Gundlach took a shot at passive investment strategies such as index funds on Monday, declaring the investing strategy a “mania” that is causing widespread problems in global stock markets. “I’m not at all a fan of passive investing. In fact, I think passive investing … has reached mania status as we

To all those who make the big decision to retire abroad, Cynthia and Edd Staton say, “Congratulations!” In 2009, a look at their battered retirement accounts made the Statons think hard about what their retirement might look like. They could stay in the U.S. where they’d lived all their lives, or they could find a

“There was no way I could have gone to a university after high school,” said Emily Buckner, 20. “My parents were laid off during the recession and it set us back a lot,” she said. “When I finished high school, there was nothing.” Instead, Buckner took advantage of the Tennessee Promise — an offer of

The recent sell-off in the S&P 500 has pushed the index’s valuation to its lowest level since March 2016, and if history is any indication this might be a buying signal. The last time the S&P’s price/earnings ratio dropped below 17.35, the index rallied nearly 20 percent in the next year. Looking at the P/E

Facebook could bring PayPal millions of new users if the two expand their existing partnership, according to MoffettNathanson. The social media giant and the online payment service — “a match made in heaven” — could collaborate further in applications such as WhatsApp, Instagram and Facebook Marketplace, the team of media and payments analysts wrote in

Semiconductor stocks are struggling to rebound. The group has rallied more than 2 percent this week, attempting to turn around a 13 percent drop in the past three months. However, a major rally early on Tuesday failed to hold, raising concerns that chipmakers do not have the momentum to completely snap back. Matt Maley, equity

Cowen’s internet analyst said Amazon is his best idea for 2019 as he sees multiple opportunities that will generate solid revenue and margin growth in the coming years including international growth, cloud business and advertising. Amazon will post 17 percent annual revenue growth the next five years, Cowen’s John Blackledge predicts in a note on

U.S. stock futures fell on Sunday night as traders feared an intensifying trade war between the United States and China. Dow Jones Industrial Average futures dropped 177 points, implying a decline of 153.95 points at Monday’s open. S&P 500 and Nasdaq 100 futures also declined. The losses would add to a steep decline from last

Russell Investments’ Doug Gordon is optimistic stocks will find a floor — just not until next year. Gordon, a senior portfolio manager on the firm’s technical asset allocation strategies team, blames uncertainty surrounding the U.S.-China trade war and Federal Reserve policy for the violent market swings. “The first and fundamental question: Is this a correction

Contrary to what some investors might believe, the U.S.-China trade dispute is not really about trade, CNBC’s Jim Cramer said Friday as stocks tumbled on rising tensions between the two countries and weaker-than-expected U.S. jobs data. “The trade war with China is not about trade,” Cramer said. “Sure, the Chinese government has all kinds of

A key U.S. construction facilitator is hopeful that President Donald Trump will still make good on his campaign promise of putting more federal dollars towards U.S. infrastructure. Bill Sandbrook, the chairman, president and CEO of mass concrete and aggregates producer U.S. Concrete, told CNBC that the 2018 midterm elections gave him “optimism” that a major

U.S. stock futures opened lower Wednesday amid lingering anxiety about a possible economic slowdown and continued murkiness around trade relations with China. On Wednesday evening, futures initially indicated that the Dow Jones Industrial Average would open 400 points lower. Dow futures fell as much as 486 points at their lows. Markets have since recovered and,

Part of Tuesday’s stock market plunge may have stemmed from money managers giving up on getting clarity from President Donald Trump and his administration on their policies, CNBC’s Jim Cramer said as stocks settled. “We have maximum uncertainty. That makes people want to sell. That’s how money managers view the situation,” the “Mad Money” host