Nervous investors should keep in mind that market volatility often creates opportunity, according to Wells Fargo Investment Institute. Tariff-induced market tumult has rattled traders, with the S & P 500 tumbling 9% the week President Donald Trump rolled out his new “reciprocal” levies. But investors who are patient and willing to ride out the bumps could see outsized gains this time next year. .SPX 1M mountain S & P 500 1M chart “With this backdrop, it is natural to be concerned, but we would advise investors to allay their fears and view the volatility as a potential opportunity,” wrote Wells…
Author: usaeverydaylife
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. The S & P 500 was relatively flat Tuesday but trying to extend its winning streak to six sessions in a row. Bond yields dipped as consumer confidence in the economy dimmed to its lowest levels since 2011, according to the Conference Board’s April survey . During the Morning Meeting, Jim Cramer said there’s a disparity between what consumers say and what they do. “For us, what matters is what they spend, and they’re spending…
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024.Manuel Orbegozo | ReutersMeta Platforms is launching a stand-alone artificial intelligence app and going head-to-head with ChatGPT maker OpenAI.The new AI assistant offering will run on Meta’s Llama AI model, the company said Tuesday. It includes a Discover feed that shows how others are interacting with the tool and can be used to create images. The news confirms previous CNBC reporting from February, citing sources familiar with the matter. Meta’s new app directly competes with…
Autoworkers at Nissan’s Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs thousands of people and produces a variety of vehicles, including the Leaf EV and Rogue crossover.Michael Wayland / CNBCThe White House on Tuesday confirmed plans for the Trump administration to soften the impact of automotive tariffs, as the car industry grapples with regulatory uncertainty and additional costs due to the levies.Current tariffs of 25% on imported vehicles into the U.S. will continue, but the new measures will prevent other adjacent levies, such as an additional 25% tariffs on steel and aluminum, from “stacking” on top…
Telehealth company Hims & Hers has limited near-term upside potential, according to TD Cowen. The firm downgraded shares to hold from buy in a Tuesday note. Analyst Jonna Kim also lowered her price target to $30 per share from $44, which indicates shares gaining just 5.3% from Monday’s close. The “stock could be range-bound in a post GLP-1 shortage world,” Kim said in the research note. “Near-term upside may be limited, but we like the story for the long-term as HIMS remains committed to making healthcare accessible for all.” GLP-1 medications treat diabetes and obesity and had been in shortage…
Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, western Germany, on Dec. 9, 2024.Ina Fassbender | Afp | Getty ImagesAmazon is considering showing a tariff surcharge on items sold via its site for ultra-low-price items, called Haul, the company confirmed to CNBC. “The team that runs our ultra low cost Amazon Haul store has considered listing import charges on certain products,” an Amazon spokesperson said in a statement. “This was never a consideration for the main Amazon site and nothing has been implemented on any Amazon properties.”Punchbowl…
Follow live updates on the Trump administration.The auditorium at Alibaba’s headquarters was packed with attendees, leaning against the wall and squeezing onto the stairs. Hundreds of Chinese small-business owners listened raptly as a stream of representatives from Alibaba, the Chinese online shopping giant, stepped onstage to reassure them of China’s resilience in the face of America’s eye-watering tariffs.“Since the beginning of April,” said Wang Shan, a digital marketing executive, “we’ve been researching and discussing, in this kind of policy environment, in such a rapidly changing situation, what should our methods and attitude be?”“Everyone’s consensus is that business still has to…
Redburn Atlantic recommended Tuesday that investors sell their Tesla stock, as the research firm expects another year of volume declines and strained cashflow. “Our challenging earnings outlook incorporates headwinds from electric vehicle (EV) pricing, Mexico-US and China-Europe tariffs,” Redburn analyst Adrian Yanoshik told clients in a note. Redburn’s estimates for Tesla’s earnings and free cash flow this year are 10% below the Wall Street consensus as the firm sees more downside risk, Yanoshik said. “We note even further risks for downgrades associated with a possible rescinding of US Inflation Reduction Act (IRA) clean vehicle credits,” the analyst said. TSLA YTD…
Treasury Secretary Scott Bessent said Tuesday that individual investors, who have largely been holding their positions through the recent market turmoil, have faith in President Donald Trump’s tariff policy.”Individual investors have held tight, while institutional investors have panicked … individual investors trust President Trump,” Bessent said during a press briefing alongside White House press secretary Karoline Leavitt.”Vanguard, one of the largest money management firms in America, said that over the past 100 days, 97% of Americans haven’t done a trade,” Bessent, a former hedge fund CEO, said, citing a Washington Post story with the data.Trump’s rollout and subsequent suspension of the…
The White House on Tuesday slammed Amazon for reportedly planning to display the cost of President Donald Trump’s tariffs next to the total price of products on its site.”This is hostile and political act by Amazon,” White House press secretary Karoline Leavitt told reporters.”Why didn’t Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?” Leavitt asked.She added, “This is another reason why Americans should buy American.”Shares of the online retail giant founded by Jeff Bezos dropped more than 2% in premarket trading following the remarks.Amazon did not immediately respond to CNBC’s request for…
