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 : Stocks are up to start the week, with both the S & P 500 and Nasdaq hitting new all-time highs. A positive update on a potential trade deal between the U.S. and China is improving market sentiment, with the two sides reportedly agreeing on a framework that would keep the social media platform TikTok operating in the United States. However, talks could be complicated by China’s crackdown on the…
Author: usaeverydaylife
An explosive rally has unfolded in EV leader Tesla (TSLA) following a breakout from a triangle pattern, featured here in early August. The strong gains look set to continue for TSLA from a technical perspective, noting the stock is far from overbought territory per the monthly stochastics, and the upper boundary of a secular uptrend channel puts resistance above $500. (Read about why Tesla is jumping Monday on a big insider purchase from Elon Musk here .) The bullish action in TSLA leads us to the charts of other EV companies, such as China-based NIO (NIO) , as another way…
Mike Intrator, Chief Executive Officer and founder of CoreWeave, (C) celebrates after ringing the opening bell surrounded by Executive Leadership and family during the company’s Initial Public Offering (IPO) at the Nasdaq headquarters on March 28, 2025 in New York City. Michael M. Santiago | Getty ImagesCoreWeave shares jumped as much as 8% on Monday after the provider of cloud infrastructure for artificial intelligence workloads disclosed an order worth at least $6.3 billion from Nvidia.Under the terms of the arrangement, Nvidia “is obligated to purchase the residual unsold capacity” through April 2032, CoreWeave said in a filing. The company said…
Stocks could be in for a bumpy ride once the Federal Reserve begins cutting interest rates, according to Evercore ISI. Julian Emanuel, strategist at the firm, pulled data going back to 1970 on how stocks perform following the start of rate-cutting cycles from the central bank. Equities tend to pull back in the short term, but the longer-term performance is less uniform, Emanuel said. “Stocks tend to be choppy in the near term either way when the Fed starts cutting,” Emanuel wrote to clients in a Sunday note. That’s of particular interest given the Fed meeting scheduled for this week.…
(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro. See the full discussion above.) NYSE insider Jay Woods gives what pro traders are watching into the Federal Reserve rate decision Wednesday, seeing a potential breakout in a popular trade on the central bank’s call. Small cap-focused Russell 2000 is “knocking on the door” of a breakout, according to Woods, chief market strategist at Freedom Capital Markets. Woods gives the key levels to watch for the trade. The iShares Russell 2000 ETF (IWM) tracks the small cap index.…
Check out some of the companies making the biggest moves midday: Tesla — CEO Elon Musk disclosed he bought $1 billion worth of shares of the electric vehicle maker on Friday, helping send the stock 6% higher. On Semiconductor , Analog Devices , Texas Instruments — China launched an antidumping probe into certain analog chips from the U.S. Shares of On Semiconductor fell 1%, while Analog Devices was fractionally lower, and Texas Instrument dropped more than 3%. Western Digital – The storage drive maker raised prices on all hard drives amid “unprecedented demand,” prompting shares to climb more than 5%…
Elon Musk’s surprising disclosure of his roughly $1 billion Tesla share purchases injected a vote of support in the volatile electric vehicle maker, setting it up for a strong end to a challenging 2025. The electric vehicle maker jumped nearly 6% on Monday after a filing showed Musk bought 2.57 million shares at different prices Friday. That marked his first purchase of the stock in the open market since February 2020. “We see this as a clear signal of confidence from Musk,” said Jed Dorsheimer, analyst at William Blair. “With Musk’s purchase, combined with the upward momentum for delivery expectations…
Check out some of the companies making the biggest moves midday: Tesla — CEO Elon Musk disclosed he bought $1 billion worth of shares of the electric vehicle maker on Friday, helping send the stock 6% higher. On Semiconductor , Analog Devices , Texas Instruments — China launched an antidumping probe into certain analog chips from the U.S. Shares of On Semiconductor fell 1%, while Analog Devices was fractionally lower and Texas Instrument dropped more than 3%. Western Digital – The storage drive maker raised prices on all hard drives amid “unprecedented demand,” prompting shares to climb more than 5%…
Macquarie sees a long runway of solid growth ahead for Broadcom . The bank initiated the semiconductor manufacturer at an outperform rating. Analyst Arthur Lai also implemented a 12-month price target of $420 per share, which signals 17% upside from Friday’s close. Broadcom has soared 55% this year. While the stock trades at a steep premium to the rest of the semiconductor space — 53 times forward earnings versus 29.55 times for the PHLX Semiconductor index — its higher valuation is justified, Lai said. AVGO YTD mountain AVGO YTD chart “We believe Broadcom should trade at a premium to industry…
Maurene Comey, Assistant U.S. Attorney and prosecutor on Combs’ case, arrives at the Federal courthouse during the Sean “Diddy” Combs’ sex trafficking and racketeering conspiracy trial at U.S. court in Manhattan, in New York City, U.S., May 21, 2025.Brendan McDermid | ReutersMaurene Comey, a federal prosecutor involved in criminal cases against Jeffrey Epstein and Ghislaine Maxwell, sued the Department of Justice on Monday to get her job back after she was fired from the Trump administration in July.Comey, the daughter of former FBI Director James Comey, received no explanation for her termination, her attorneys wrote in the lawsuit in federal…
