Investing

The stock market’s rally during spiking Covid cases, which could threaten the U.S. economy’s recovery, may be justified by strong earnings from struggling American industrial companies, CNBC’s Jim Cramer said Tuesday. “These are astounding numbers,” Cramer said on “Squawk on the Street,” referring to quarterly results from General Electric and Raytheon. “It makes you feel
0 Comments
The power of the internet is bringing individual investors together to crush Wall Street hedge funds and other investment bigwigs. It’s a new trend that’s only just getting started, CNBC’s Jim Cramer said on Monday. “It’s the ‘wallstreetbets’ people.’ And they have ganged up, arguably allowed by free speech purposes, to center on a few
0 Comments
Medicines for dogs from Elanco (above) and Bayer (below) are available in an animal shelter on the treatment table of a veterinarian. Frank Rumpenhorst | picture alliance | Getty Images Company: Elanco Animal Health Inc. (ELAN) Business: Elanco is an animal health company that develops, manufactures and markets products for companion and food animals. The company provides
0 Comments
Famed investor Jeremy Grantham on Thursday reiterated his warning that Wall Street is in a bubble as individual traders get “carried away.” “They’re becoming euphoric … They’re borrowing money. They’re trading more shares,” Grantham, co-founder and chief investment strategist at Grantham, Mayo, & van Otterloo told CNBC’s “Squawk Box Asia” on Thursday. In recent months,
0 Comments
Billionaire global investor Barry Sternlicht said Thursday he’s concerned about the long-term viability of current conditions in the stock market, warning that some aspects feel reminiscent of the dot-com bubble back in the 1990s. “I don’t think we’re having a problem in the stock market near term,” Sternlicht said on “Squawk Box.” “The stimulus is
0 Comments
Leon Cooperman Scott Mlyn | CNBC Billionaire investor Leon Cooperman told CNBC on Wednesday he believes the stock market will struggle to generate meaningful returns in the years ahead, following its robust recovery from pandemic-era lows in the last 10 months. “I think the near-term outlook is probably OK. Long term, I think that we’re borrowing from
0 Comments
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs reported fourth-quarter earnings before the opening bell on Tuesday. Here are the numbers: Earnings: $12.08 a share, vs. $7.47 per share expected, according to Refinitiv.Revenue: $11.74 billion, vs. $9.9 billion estimate. Expectations
0 Comments