Big banks’ earnings and a hot inflation report could sway markets in short holiday week

Big banks’ earnings and a hot inflation report could sway markets in short holiday week

A trader on the NYSE, March 11, 2022. Source: NYSE Markets face what could be a hot inflation report in the week ahead and a batch of big bank earnings to start the earnings season. JPMorgan Chase and BlackRock kick off the financial industry’s first-quarter earnings releases Wednesday, with Citigroup, Wells Fargo, Morgan Stanley and … Read more

Own stocks that are cheap on a price to earnings basis

Own stocks that are cheap on a price to earnings basis

CNBC’s Jim Cramer on Friday previewed next week’s roster of earnings and advised investors to stick to companies that are profitable yet affordable for investors to own. “In this environment, you need to own companies that make stuff and do things profitably, but let’s add, also, with stocks that remain cheap on a price to … Read more

Robinhood Stock Tumbles as Users Get Crypto Wallets. Goldman Says Time to Sell.

Robinhood Stock Tumbles as Users Get Crypto Wallets.  Goldman Says Time to Sell.

Text size Robinhood stock has sunk since the company’s initial public offering last year. Justin Sullivan/Getty Images The retail traders who call robinhood ‘s platform home will be more connected than ever to the cryptocurrency universe, after the company rolled out digital wallets to more than two million users. Robinhood stock is still falling. After … Read more

Tesla TSLA Ron Baron CNBC Squawk Box

Tesla TSLA Ron Baron CNBC Squawk Box

Investor Ron Baron has been one of Tesla’s largest shareholders for years, and he has no plans to change that. Baron told CNBC on Thursday that he thinks the electric vehicle giant’s high-flying stock has much more room to run – and that he plans to continue holding the company’s stock for at least eight … Read more

5 things to know before the stock market opens Thursday, April 7

5 things to know before the stock market opens Thursday, April 7

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks steady after two days of Fed-driven selling Traders work on the floor of the New York Stock Exchange (NYSE) in New York, March 29, 2022. Brendan McDermid | Reuters US stock futures were relatively … Read more

Conagra, Levi Strauss, Rite Aid and others

Conagra, Levi Strauss, Rite Aid and others

Check out the companies making headlines before the bell: Conagra (CAG) – The food producer’s stock tumbled 5.5% in the premarket after issuing a weaker-than-expected forecast for the fiscal year ending in May. Conagra’s results are being hit by higher transportation and raw materials costs. Levi Strauss (LEVI) – Levi Strauss beat estimates by 4 … Read more

Hawkish Fed, Russia sanctions, bond yields in focus

Hawkish Fed, Russia sanctions, bond yields in focus

LONDON — European markets were choppy on Thursday as volatility continued following details of the US Federal Reserve’s monetary tightening plans and the ongoing war in Ukraine. The pan-European Stoxx 600 index was up 0.7% by late morning as US Treasury yields slipped from multi-year highs after four days of inclines. Health care stocks added … Read more

Samsung estimates 50% jump in first-quarter profit

Samsung estimates 50% jump in first-quarter profit

SINGAPORE — Japan stocks dropped nearly 2% and other Asia-Pacific markets fell on Thursday following two days of declines on Wall Street. The Nikkei 225 in Japan fell 1.77%, while the Topix slide 1.72%. Shares of Fast Retailing dropped 2.89%. Mainland Chinese stocks declined. The Shanghai composite was down 0.99%, while the Shenzhen component dropped … Read more

What European businesses face with China’s zero-Covid policy

What European businesses face with China’s zero-Covid policy

Shanghai, home to the world’s largest container shipping port, began a two-part lockdown on March 28 and has yet to announce when restrictions will lift. Yang Jianzheng | Visual China Group | Getty Images BEIJING — China’s Covid controls have disrupted supply chains and stressed the daily life of workers, primarily in Shanghai and Shenyang, … Read more

Charts suggest the market could rally after its current ‘short-term volatility spike,’ Jim Cramer says

Charts suggest the market could rally after its current ‘short-term volatility spike,’ Jim Cramer says

CNBC’s Jim Cramer said Wednesday that the market is poised to bottom and rally again by Monday, leaning on analysis from Option Pit founder and volatility expert Mark Sebastian. “The charts as interpreted by Mark Sebastian say we’re currently in the middle of a short-term volatility spike, and once it’s over, we’re going to return … Read more