The S&P 500 and the Dow retreated from their records on Thursday, as an inflation report weighed on stocks. Here’s what CNBC is watching going into Friday. Source link
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyMichael Schumacher, Wells Fargo Securities Head of Macro Strategy, joins ‘Fast Money’ to talk the market’s reaction to today’s CPI print.04:412 hours ago Source link
For roughly the past two years, traders have bullishly invested in companies on the S&P 500, leading the index of 500 large U.S. companies to new heights—even as the Federal Reserve issued aggressive rate hikes.Jim Cramer reflected on the lead performing stocks, with his favorite buys being Nvidia, Broadcom and Fair Isaac.”The whole first year of this bull’s life was an anomaly—that’s because the Fed was furiously tightening and the market went up anyway,” he said. “Every night I say there’s always a bull market somewhere, and for the last two years, well, it’s been right in front of you.”Cramer…
In less than 24 hours, three tennis players subjected three umpires to three tirades of different flavors in Shanghai.Tuesday night in that Chinese city, world No. 17 and U.S. Open semifinalist Frances Tiafoe told umpire Jimmy Pinoargote that he “f***ed the match up’ after the umpire called a time violation against him at 5-5 in a deciding tiebreak. Tiafoe had walked to the baseline as the shot clock, which adjudicates time between points, went to zero, and then tossed the ball into the air with no intention of hitting it.Tiafoe lost his first serve for the violation, his third of…
Buying shares of Nvidia or other semiconductor and Big Tech stocks is just one way to play the artificial intelligence theme. There’s a cheaper way to play it, Sean Peche of Ranmore Fund Management told CNBC Pro Talks last week. “Most investors over the last couple of years have thought that the only way to play AI is to own Nvidia and a few of the other peers,” the portfolio manager said. Peche is positive on tapping the financials sector to get into this theme. “You’ve got … attractive dividend yield far higher than those REITs in the States,” Peche…
Options traders like to say that there are strategies that can profit if a stock rises, falls, or goes nowhere at all. There’s a bit of hyperbole in that, of course, as trades that cannot lose money in any scenario are an “arbitrage” (riskless) and, therefore, are as rare as hens’ teeth. However, if we can find situations where we believe a stock is likely to be somewhat rangebound, some trades set up well for that. It is unlikely to rocket higher or plummet lower — a reasonably stable and mature business, therefore — with elevated options premiums to sell…
Greg Friedman, Peachtree Group CEO, joins ‘Fast Money’ to talk the state of commercial real estate. Source link
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | ReutersWith Tesla’s hotly anticipated robotaxi event hours away, investors will soon get a glance at what CEO Elon Musk has called the CyberCab.After a decade of unfulfilled promises to deliver autonomous vehicles, capable of traveling reasonable distances safely without a human at the wheel, there’s a hefty dose of skepticism about what Tesla can do technologically, and when its robotaxi might actually hit…
Former New York Jets coach Eric Mangini had a prescient read on team owner Woody Johnson before a Week 5 defeat in London precipitated coach Robert Saleh’s firing Tuesday.The way Mangini saw things, Johnson’s status as a former U.S. ambassador to the United Kingdom raised the stakes for what otherwise might have been just another international game against a non-conference opponent.“This is a absolute must-win,” Mangini said on Fox’s “First Things First”. “All of his buddies are going to be over there, and after eating tea and crumpets, he is going to want to be talking about his team and…
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBCWarren Buffett’s Berkshire Hathaway has reduced its stake in Bank of America to below 10% amid a selling spree that started in mid-July.In a Thursday night filing with the U.S. Securities and Exchange Commission, Buffett disclosed the sale of more than 9.5 million shares, split between three transactions made from Tuesday to Thursday. The move brings his holdings down to 775 million shares, or a stake of about 9.987%.Since the holding is now under the key 10%…
