Beware market bulls: The stock market’s stellar rebound this year could be driven merely by a short-lived trend. Investors started this year in a buying mood, pushing up prices of last year’s laggards, which is the logic behind Wall Street’s “January effect,” a theory that there is a seasonal rally in stocks during the first
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The Chinese government would have taken a tougher stance on trade with the U.S. if it thought Robert Mueller’s investigation was any real risk to Donald Trump‘s presidency, veteran fund manager Mark Mobius told CNBC on Monday. China “probably has done all the numbers and they realize it would be very difficult to impeach the
Low-cost exchange-traded funds have been gaining popularity in the ETF world, but one new product is taking that trend to the next level. Rather than offering low or no fees, the Salt Low truBeta US Market ETF brands itself as a low-volatility fund that can do investors one better: it plans to actually pay them
People don’t necessarily give to charity because of tax benefits, but it doesn’t hurt. However, the new tax law, among other things, has eliminated or sharply reduced the benefits of charitable giving for many would-be donors. Even though the deduction for donations is unchanged, you still need to itemize to claim it, and that’s a
The bond market is edging closer to signaling a recession, but don’t panic yet, stocks could have a lot more to run even if the feared “yield curve” inverts, history shows. The yield on the 3-month Treasury bill and the 10-year note went into negative territory on Friday, the first time since 2007. The more
Federal Reserve Chairman Jerome Powell changed course and finally made the correct policy decision by indicating the Fed is stalling interest rate increases for the year, CNBC’s Jim Cramer said Thursday. “I thought that Jay was great [Wednesday],” Cramer told “Squawk Box,” referring to Powell’s news conference at the conclusion of the central bank’s two-day
Americans are more financially prepared for retirement than they were just a few years ago, recent research found. One of the reasons for that good news might be bad. Many people approaching retirement age today are heavily invested in stocks, potentially leaving their savings vulnerable to the next recession. “If there was a market downturn,
Everyone’s got money goals. We want houses, vacations, healthy bank accounts — the things that make life worth living. You probably know people with great salaries who have all these things. But don’t let your smaller salary or lack of knowledge stand in your way. You can have them, too. It just takes learning some
J.P. Morgan Chase is expanding a previous program designed to boost job prospects for people at risk of being shut out of the economy. The bank’s new five year plan, announced Monday, includes $200 million to develop training programs for in-demand digital and technical roles, $125 million to boost collaboration between employers and the educational
For powering your smartphone or your Tesla Model 3, there’s currently nothing better than the lithium-ion battery. Since its introduction in 1991, the rechargeable lithium battery has been the standard for everyday tech devices and electric-vehicle power. Many of the world’s more than 3 million electric vehicles run on lithium-ion batteries. But as the world
Helping kids get into college is a big business — and it’s growing fast. The industry gained some unwelcome notoriety early this week when dozens of people — including actresses Felicity Huffman and Lori Loughlin — were arrested in an admissions bribery scheme. The person behind it was William “Rick” Singer, founder of the Edge
Ten years off the financial crisis bottom, the stock market scored one of its best decade in nearly 140 years. According to Goldman Sachs, the 10-year trailing annual return for the S&P 500 of 15 percent ranks in the 94th percentile of all 10-year periods going all the way back to 1880. The typical 10-year
The software fix that Boeing said it is working on could take as long as six months, according to Bank of America. Boeing earlier this week said a software change is in the works as well as updates to pilot manuals and training and the Federal Aviation Administration said it would mandate those changes by
If someone hits the $448 million jackpot in Wednesday night’s Powerball drawing, Uncle Sam will be waiting in the wings with both palms out. While the odds of winning the top prize are stacked against players, the IRS — and often the state where you live — wastes no time getting at least a slice
Embattled Wells Fargo CEO Tim Sloan is scheduled to testify at 10 a.m. Tuesday before the House Committee on Financial Services. Sloan, 58, is likely to defend his efforts at cleaning up the bank’s fake accounts scandal since taking over Wells Fargo in October 2016. The San Francisco-based bank’s problems came to light earlier that
In an economic slowdown, investors should look to companies with above-average sales growth as the rest of the market is weighed down by rising costs, according to Goldman Sachs. The bank built a portfolio consisting of 50 stocks in the S&P 500 with the fastest expected 2019 sales growth based on consensus estimates. The median
Female CEOs may be few and far between, making up less than 5 percent of CEOs in the S&P 500, but history shows they’ve been able to generate big returns for investors. Of the 24 female CEOs in the S&P 500, 13 have led their companies’ stocks to outperform the index in terms of cumulative
CNBC’s Jim Cramer has circled Ulta Beauty‘s earnings report on his calendar next Thursday and the “Mad Money” host said he is bullish on the stock. “The look-your-selfie-best economy remains a major tailwind for Ulta and the stock has more upside,” he said. Also in his game plan for the week ahead are quarterly results
The Nasdaq is set to post its first negative week in 11. The tech-heavy index is down 2 percent since Monday, coming off its longest weekly winning stretch since December 1999. That run preceded the dot-com bust just months afterward, a wave of selling that swept tech stocks from highs. Rather than a warning sign
Nobel laureate Robert Shiller suggests a self-fulfilling is prophecy unfolding on Wall Street that could ultimately derail the longest bull market in history. According to the Yale University economics professor, growing worries about a recession could make it come sooner — even if there isn’t a specific event to spark it. “A lot of people
It’s been a good year for stocks. After a steep slide at the end of last year, the major averages have rebounded from their December lows, driven higher by a slew of strong earnings and easing geopolitical tensions. A handful of stocks have led the recovery, with names like Merck, Mastercard, Procter & Gamble, Cisco
The ARK Innovation ETF has blazed past the rest of the market this year. The ETF, ARKK, which targets stocks with disruptive technologies, has surged 24 percent in 2019, more than double the 11 percent return on the S&P 500. The mind behind the ETF, ARK Invest CEO and CIO Cathie Wood, says its top
Foot Locker’s strong earnings for the holiday season could have its stock sprinting back to its all-time highs, Piper Jaffray’s Craig Johnson says. At $63.07 as of Friday’s close, shares of the athletic shoemaker are up nearly 38 percent in the last year, and almost 19 percent year to date. The stock hit a new
Gap‘s split up is a “sobering reminder” that companies cannot “repurchase” their way to greatness,” CNBC’s Jim Cramer said Friday. The “Mad Money” host gave an exception to AutoZone‘s buyback program that was coupled with a growth story, but said it’s “pathetic” that shares of Gap gained just 5 points from $20 to $25 since
CNBC’s Jim Cramer on Friday said Norwegian Cruise Line Holdings has caught his attention as a top performer with strong guidance in 2019. The “Mad Money” host said the company stands out because it’s the biggest winner in the cruise line category and the stock has risen 40 percent so far this year. The industry
Here’s the biggest calls of the day that we’re watching: ‘”The stream of global macro data points have been less encouraging of late suggesting to us that the industry risks are now more biased to the downside… That said, we are finding it more difficult to advocate “new money” positions in names with the most
General Electric CEO Larry Culp has simplified the company’s report techniques and could be on the right path to fix the challenges in its power division, CNBC’s Jim Cramer said Wednesday. Culp, who became chief of GE in September, delivered his first annual letter to shareholders on Tuesday that Cramer said made a significant departure
As the world learns more and more about how the world will operate with 5G, Cisco is one stock that investors should get their hands on, CNBC’s Jim Cramer said on Tuesday. The “Mad Money” host said while the Cisco stock is still cheap, selling for 15 times earnings and offering a 2.7 percent yield,
Caterpillar shares fell on Tuesday after UBS double downgraded the shares, citing slowing global construction demand. UBS downgraded Caterpillar from buy all the way to sell and lowered its 12-month price target to $125 from $154 a shares. Caterpillar shares dropped 3.5 percent in premarket trading to $136.45. “We believe 55 percent of CAT’s end
Warren Buffett said Monday that Berkshire Hathaway paid too much for Kraft, noting he might have misjudged certain aspects about the company. “I was wrong in a couple of ways about Kraft Heinz,” Buffett told CNBC’s Becky Quick on “Squawk Box.” “We overpaid for Kraft.” “It’s still a wonderful business in that it uses about