GlaxoSmithKline PLC: “We don’t care where a stock’s been, we care where it’s going, but it is at $37. It’s got a 5 percent yield. [CEO] Emma Walmsley is supposed to be doing a good job. I have not seen what I’d like to see from that company. As far as I’m concerned, there are
Investing
Wall Street is seeing red. The Dow lost 4.5 percent this week, while the S&P ended the week down nearly 5 percent and still on pace for its worst quarter in seven years. This as the trade war jitters, Fed uncertainty and fears of slowing economic growth continue to weigh on investors. Three experts weigh
JPMorgan Chase & Co.: “My charitable trust owns it. If I hadn’t mentioned it and it was therefore frozen, we would’ve picked some up today after listening to [CEO Jamie Dimon]. Now, I know that stock isn’t going to go up right now, but I’ve got a feeling. I mean, Warren Buffett’s in there buying
Wherever Mark Connors looks in markets, from stocks to currencies to oil, he sees signs of the unknown. Equity investors got whipsawed this week during two tough rough and volatile sessions, but Connors, global head of risk advisory at Credit Suisse, had seen worrying signs long before that. A key technical measure he tracks, the
U.S. stock futures opened lower Wednesday amid lingering anxiety about a possible economic slowdown and continued murkiness around trade relations with China. On Wednesday evening, futures initially indicated that the Dow Jones Industrial Average would open 400 points lower. Dow futures fell as much as 486 points at their lows. Markets have since recovered and,
Mike Bloomberg said Tuesday in a Radio Iowa interview that he will probably try to sell Bloomberg LP if becomes president in 2020. “I think at my age, if selling it is possible, I would do that,” Bloomberg said. “At some point, you’re going to die anyway, so you want to do it before then.”
Part of Tuesday’s stock market plunge may have stemmed from money managers giving up on getting clarity from President Donald Trump and his administration on their policies, CNBC’s Jim Cramer said as stocks settled. “We have maximum uncertainty. That makes people want to sell. That’s how money managers view the situation,” the “Mad Money” host
Veteran investor Jack Ablin suggests Wall Street is overreacting to the first Treasury yield curve inversion in a decade. According to Ablin, the 5-year Treasury note yield falling below the 2- and 3-year yields should not raise a red flag. The problem, he said, occurs when the 10-year note yield falls below the 2-year yield.
Stocks may have rebounded Monday on renewed hope for a trade deal between the U.S. and China, but CNBC’s Jim Cramer still found value in some names that tend to do well during downturns. Specifically, he highlighted the stocks of McDonald’s, Johnson & Johnson, Coca-Cola, Clorox, CBS and Kimberly-Clark. All six companies have secular tailwinds
Top J.P. Morgan Chase strategist Marko Kolanovic doubled down on his bullish market call on Monday given “significant” progress in trade deliberations at the Group of 20 meeting and suggestions that the Federal Reserve may slow their path of interest rate hikes. Kolanovic, who two weeks ago predicted that investors would see shifts in both
Invesco’s Kristina Hooper is concerned Wall Street is ignoring a major risk: Wage growth. But it may reclaim the spotlight as soon as Friday when the government releases its November jobs report. Hooper believes if the number ticks up too high, it could hint at price pressures that may shift the Federal Reserve’s thinking on
Competition for collectable wine can be fierce. Just ask Nicholas Paris, who holds the prestigious Master of Wine designation from the Institute of Masters of Wine in London. Paris, 42, who has worked in the wine industry for years, once helped field competing bids from two executives at major Fortune 500 firms over a bottle
After Tiffany Ford McLemore’s car was destroyed in an accident, the single mother of four needed a new one. Quickly. Yet she didn’t want to take out another auto loan and so she researched her options. That’s when she stumbled on flexdrive, which calls itself Netflix for cars, and is one of several new companies
Most people start the New Year off by resolving to do better when it comes to diet, exercise and paying down debt. Alternatively, you can take a proactive approach and reel in your finances before this year ends. (Resisting holiday treats is another story). Even with most Americans feeling more financially secure than they did
Netflix Inc.: “Candidly, I’m not a fan of Netflix. I’m not a fan of Netflix because I think that a lot of it depends on the content and I just don’t find the content as compelling as it once was. I think it’s a good story, but not a great story, because it’s up so
Financial advisors who beat the save-early-and-often drum might want to stifle their agonized groans. To that point, 59 percent of investors ages 18 to 34 say they already have taken money from their retirement account, according to recent research by E-Trade Financial. That figure has been growing steadily since 2015, when it was 31 percent.
Privately-held financial company SoFi isn’t one of the non-bank lenders Federal Reserve Chairman Jerome Powell called out as potential risks to the U.S. economy in his Wednesday speech, SoFi chief Anthony Noto told CNBC on Thursday. “We have really strong risk controls,” the CEO told Jim Cramer in an exclusive interview on “Mad Money.” “We
November’s sell-offs have pushed the popular FAANG stocks well below their average Wall Street price targets. Facebook, Apple, Amazon and Google parent company Alphabet are now at least 20 percent below analysts’ expectations, while Netflix is as much as 35 percent below its average target. Matt Maley, equity strategist at Miller Tabak, said FAANG’s recent
Even though anti-competitive mergers tend to be bad for customers, they tend to stack the odds in Wall Street’s favor, CNBC’s Jim Cramer said Wednesday. “I love the stocks of companies that have somehow found a way to legally give themselves a seemingly unfair advantage. That’s the best kind of advantage,” the “Mad Money” host
Brutal sell-offs have taken down some of Wall Street’s most highly prized stocks. The FAANG stocks — Facebook, Apple, Amazon, Netflix and Google parent Alphabet – which had driven the markets to records earlier this year have plummeted in the past three months with four-fifths in bear market territory. Michael Batnick, director of research at
After years of breaking down market moves for investors — often times at the risk of being wrong — CNBC’s Jim Cramer is taking a stand against market commentators who play it safe, but never really help the average stock-picker. “If I came out here every day and said it was the seventh inning of
With more people applying for mortgages online, the lending landscape was expected to become more equitable. The logic was that lenders couldn’t discriminate against a borrower based on their skin color if they weren’t face-to-face with them. Yet algorithms can be just as biased as a loan officer sitting across a desk, according to a
If Apple ultimately decided to move production of its iPhone from China to the United States, it would be a “massive” undertaking, venture capitalist Gene Munster told CNBC on Monday. The tech giant is facing potential tariffs as a result of the escalating trade war between the U.S. and China. On Monday, President Donald Trump
Several large and popular U.S. stocks are due for a so-called oversold bounce after falling rapidly to chart levels that in the past have marked a turnaround. CNBC used hedge fund analytics tool Kensho to determine which large U.S. stocks have fallen the most from their 200-day moving average, one of the most popular technical
As the calendar nears the last month of the year, be warned: If you’re 70½ or older, do not forget to take your required minimum distribution. Required minimum distributions, or RMDs, is the amount you must withdraw from your pre-tax retirement accounts every year. That money is then added to your taxable income for the
U.S. stocks are in a “bear market” not a correction, CNBC’s Jim Cramer argued on Monday. Cramer said on “Squawk Box” he’s not using the traditional measures of a bear market and a correction to make his case. “Who cares about the S&P? It’s individual stocks that are down 40 or 50 percent.” A bear
Morgan Stanley’s equity strategist who foresaw the recent sell-off in U.S. stocks sees a lackluster year ahead, marred by underwhelming corporate earnings and tougher financial conditions. Mike Wilson, chief equity strategist at Morgan Stanley, said in a note that he “sees more of the same” stagnant performance from the major indexes in 2019 and forecasts
When you get married, the tax system can be either friend or foe. Many couples see their tax burden go down when they tie the knot. Yet some end up paying more than if they had remained unmarried and filed as single taxpayers. “It’s more typical for people to have a marriage bonus, but there
Whether you’d like to give away several thousand bushels of soybeans or a prehistoric fossil, there just might be a charity that’s willing to receive it. Year-end tends to be a busy time for individuals who are in a giving mood. Donors seeking a break on their 2018 taxes must make their charitable contributions before
It’s an offer hard to refuse: a reprieve from your student loan bill. Yet when your payments resume, they’re often higher because your debt has swelled, thanks to interest. The Associated Press, citing a 2017 Department of Education audit, reported this week that Navient, one of the country’s largest student loan servicing companies, steered tens