One of the biggest investment opportunities over the next decade will be in companies working to delay human death, a market expected to be worth at least $600 billion by 2025, according to one of Wall Street’s major investment banks. Bank of America Merrill Lynch analysts Felix Tran and Haim Israel believe that genome sequencers
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Traders work at Goldman Sachs booth on the floor of the New York Stock Exchange in New York. Scott Eells | Bloomberg | Getty Images For investors fearful of a full-blown trade war, here’s Goldman Sachs’ playbook to tackle the tough market. Stock losses keep accelerating as investors remain anxious about President Donald Trump’s new
Scott Eells | Bloomberg | Getty Images Shares of online real estate and home-related mobile platform Zillow rallied Monday afternoon after Valiant Capital said the stock is one of its portfolio picks. The huge advantage Zillow has here is so much traffic already coming to its site, Valiant President and Founding Partner Chris Hansen said
Shareholders walked between booths at the annual Berkshire shareholder shopping day in Omaha, Nebraska, May 3, 2019. Scott Morgan | Reuters At the “Woodstock of Capitalism,” thousands of shareholders walked around the CHI Health Center in Omaha, Nebraska, on Saturday, posing for photos with oversized pop-ups of Warren Buffett, giant Heinz ketchup bottles and buying
CNBC’s Jim Cramer on Friday said Occidental Petroleum‘s borrowed an “ill-advised” $10 billion from Warren Buffett to further a bidding war with Chevron for Anadarko. To raise enough capital, Occidental now has a loan from Berkshire Hathaway with an 8% interest rate, which is worth as much as $20 billion, he said. That could be
Dara Khosrowshahi, CEO, Uber Carlo Allegri | Reuters Here are the biggest calls on Wall Street on Friday. Atlantic Equities initiated Uber as ‘neutral’ Atlantic Equities said Uber’s path to profitability is clearer. “Given the benefits of scale, we prefer Uber, with its market-leading ridehailing position augmented by the fast growing Eats business and freight
Apple rallied nearly 5% on Wednesday, but CNBC’s Jim Cramer said there could soon be even more upside. “That’s why I always say own it, don’t trade it,” the “Mad Money” host said. “With this quarter, we got yet another reason to stick with Apple, and even after today’s terrific run, I think it will
Prologis Inc.: “You’re buying Prologis at the all-time high here. Let’s just stay away. Let this come in for a little. I think rates could go a little bit higher.” Walgreens Boots Alliance Inc.: “I don’t like that stock. I think that the company has kind of lost its way. They have to make some
More and more Democratic presidential hopefuls are adopting a single-payer health care stance, which could be devastating for any player in the health insurance business, CNBC’s Jim Cramer said Monday. Following the lead of Bernie Sanders, the independent Vermont senator who is one of the biggest mouthpieces advocating for “Medicare for All,” about eight candidates
Blackstone’s Joseph Zidle is warning investors earnings season could go awry. With almost half of S&P 500 companies reporting quarterly earnings so far, Zidle believes a lot could still go wrong. He lists an earnings setback as the most legitimate risk that would spark a correction. “We might see earnings growth at approximately zero for
Crude oil has snapped its best weekly win streak in four years. The commodity has plummeted 5% since Monday, its first negative week in eight. Losses accelerated on Friday after President Trump said he called on the Organization of Petroleum Exporting Countries to act to bring global oil prices lower. Bill Baruch, president of Blue
Lockheed Martin delivered the best conference call to its shareholders out of the defense sector, CNBC’s Jim Cramer said Friday. The largest military contractor in the world, the Bethesda, Maryland-based manufacturer trounced analyst expectations on earnings per share, $5.99 versus $4.34, and revenue, $14.3 billion versus $12.6 billion. Raytheon, a major contractor for the U.S.,
Stocks picks are locked in, and the clock is ticking after the close of CNBC’s 2019 Stock Draft Thursday afternoon. Jim Cramer weighed in on which celebrity stock-pickers he’s betting on to win, and offered tips for at-home investors to play along. CNBC’s main competition rolls from Thursday’s close until the end of January 2020
CNBC’s Jim Cramer on Wednesday said too many Wall Street watchers assumed that businesses’ first quarter earnings results would be horrid and now the stock market is rallying on companies besting expectations. Analysts based their 2019 predictions on the Federal Reserve-induced fourth-quarter sell-off and prolonged U.S.-China trade war, but never revised their outlooks as the
Investors should believe the top brass of a company with a good, long-term track record when its management says it can turn things around, CNBC’s Jim Cramer said Tuesday. PepsiCo, which has doubled its dividend in the past decade, is one of those names to put faith behind even when analysts are against the odds,
Things are heating up in the energy market. The Trump administration announced Monday that it would end exemptions to its sanctions on Iran, a move meant to significantly curb Iran’s oil output. Crude prices surged after the announcement, with the U.S. benchmark, West Texas Intermediate crude, gaining nearly 3 percent. Here’s what experts say higher
Exchange-traded funds are getting a revamp at Goldman Sachs. The big bank has doubled down on a concept called smart beta, which blends passive and active investing strategies to build portfolios based on non-traditional metrics. At Goldman, the strategy is branded as ActiveBeta and revolves around four factors: value, quality, momentum and low volatility. “We
Health care suffered a health scare this week. The XLV health care sector ETF tumbled more than 4% since Monday, its worst week of the year and sending the group negative for 2019. Craig Johnson, chief market technician at Piper Jaffray, says the prognosis does not look good. “No question that the health care sector
It’s a good time to be a graduate. Those armed with a newly minted diploma will enter a job market with unemployment near the lowest level in 50 years and job prospects up significantly from just last year. Employers plan to hire nearly 11% more graduates from the class of 2019 than they did from
Signet Jewelers Ltd.: “I think Signet’s really gotta find its calling. It needs to find out its calling, ’cause it sure wasn’t calling in that last quarter. We gotta wait.” Funko Inc.: “The reason why they’re all over the place [is] ’cause they have some of the absolute best toys … I’m not just saying
Netflix can peacefully coexist in the streaming industry even as the market braces for more competition from Walt Disney, Google’s YouTube, and Apple, CNBC’s Jim Cramer said Wednesday. As the video giant continues to add popular content, such as “Triple Frontier,” “Bird Box,” and “FYRE: The Greatest Party That Never Happened,” to its platform, customers
Rockwell Automation Inc.: “I think that Rockwell Automation is a good stock to buy. I actually think it’s about to break out of here after a prolonged period where it’s just been marking time. And I also see … a reverse head and shoulders, just in case you might be a budding technician. PG&E Corp.:
The golfing industry might be in for a windfall after Tiger Woods clinched his fifth Masters win on Sunday, CNBC’s Jim Cramer said. “I think the golf renaissance is about to blow up thanks in part to the Tiger Woods effect, and right now the best pure play on the industry is Acushnet Holdings,” the
One big bank is not like the other. Financial giants J.P. Morgan and Wells Fargo kicked off earnings season on Friday, both issuing better-than-expected results. But while J.P. Morgan’s stock soared nearly 5%, Wells Fargo’s stock slid, ending the day almost 3% lower. Wells Fargo’s weakness came largely from softer profit guidance from CFO John
Crude can’t crank higher unless it stays above the key $60 level, says expert technician Louise Yamada. Tightening global supplies have proved bullish for the commodity this year, with U.S. West Texas Intermediate crude prices currently hovering near five-month highs. But the upward action has also been quite volatile, as economic and geopolitical factors have
The major U.S. indexes all rallied Friday on the backs of Walt Disney, J. P. Morgan Chase, and Chevron, but CNBC’s Jim Cramer warned that “this positivity” will be hard to sustain. The Dow Jones Industrial Average moved forward nearly 270 points, the S&P 500 advanced 0.66%, and the Nasdaq Composite added 0.46% during the
The earnings picture is about to change, likely for the better, and J.P. Morgan Chase CEO Jamie Dimon may be a big help. The trading community is on edge as JP Morgan gets ready to kick off earnings season tomorrow. Analysts have been fretting that earnings have turned negative for the first quarter, now expected
Bankers do not necessarily have to be liked — people just have to like their numbers, CNBC’s Jim Cramer said Wednesday. “The bankers are still regarded as gangsters on Capitol hill. I just want them to put on a good show when they start reporting earnings in 48 hours,” the “Mad Money” host said. “If
There’s more trouble ahead for Boeing shares as the stock now faces a key level, according to TradingAnalysis.com founder Todd Gordon. On Tuesday, shares of Boeing dropped more than 1 percent after the company saw deliveries and orders on its 737 jets plummet in the first quarter. The stock is down more than 17 percent
As materials stocks build on their gains, one investing professional is getting even more constructive on the space. Witnessing the 4% pop this week in the Materials Select Sector SPDR Fund, a market-cap-weighted index that counts the stocks of Linde and DowDuPont among its top holdings, CFRA’s Todd Rosenbluth says investors should consider buying into