Despite the market turmoil in December, many of Wall Street’s top analysts remain bullish for 2019. A CNBC survey found that the average strategist sees the S&P 500 ending next year above 3,000. That move would be a gain of more than 20 percent from current levels. That would be welcome news to investors, with
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To the extent that investors are nervous about the U.S. economic outlook — reflected in a broader market dancing on the edge of a bear market — Wall Street analysts seem curiously bullish in their 2019 forecasts. Last week, volatile trading pushed the Dow Jones Industrial Average to its worst week since the 2008 financial
President Donald Trump is adamantly opposed to the Federal Reserve’s rate hike campaign, but has never suggested firing Fed Chairman Jerome Powell, Treasury Secretary Steven Mnuchin said on Saturday, moving to defuse a controversy that could roil global markets even further. Late Friday, Bloomberg News, citing four unnamed sources, reported that Trump has discussed firing
There may be a break in the selling as the year winds down but a “dreadful bear market” is in the cards for 2019, according to hedge-fund veteran Mark Yusko. He told CNBC on Friday he expects the markets to end the year down, in the single digits, and in January there will be a
It may feel like the stock market is collapsing, but investors would be better served to “sit tight” and wait for a bounce rather than selling stocks at their lows, CNBC’s Jim Cramer said Thursday after a brutal day for the major averages. “Here’s the problem: we had a lot of companies report and they
In some cases, buying shares of companies facing lawsuits can pay off if you’re patient and willing to withstand headline risk, CNBC’s Jim Cramer said Wednesday. Right now, there are five high-profile situations “where lawsuits are or could be front and center” for stocks, Cramer said: the Qualcomm-Apple dispute, the lawsuits facing Johnson & Johnson
When it comes to the nascent U.S. economic slowdown, figuring out where to place the blame is more nuanced than it seems, CNBC’s Jim Cramer argued Tuesday. President Donald Trump’s tariffs on Chinese goods and the Federal Reserve’s interest rate policies have emerged as the leading causes, he said. But when he talks to his
Four things need to occur for the stock market to break out of its downtrend, CNBC’s Jim Cramer said as stocks plunged in Monday’s trading session on worries about an expected interest rate hike from the Federal Reserve. “Now that pretty much everything’s in bear market territory, maybe in a bear market, what’s the formula
Ron Paul is warning this year’s corrections could be a precursor to an epic market collapse that may come sooner than investors think. According to the former Republican presidential candidate, Wall Street is becoming more vulnerable to near-depression conditions within the next 12 months. “Once this volatility shows that we’re not going to resume the
Wall Street angst over a possible recession may be increasing, but one bull refuses to waver. Federated Investors’ Steve Chiavarone believes there’s nothing on the horizon that suggests the 2018 market corrections will become a massive downturn next year. Rather, he sees stocks hitting fresh record highs — citing labor market trends, inflation levels, the
Pessimism among investors shouldn’t deter people from carefully buying shares of high-quality companies that have endured massive declines, CNBC’s Jim Cramer said Friday after a widespread sell-off in the stock market. On Thursday, survey results from the American Association of Individual Investors showed that pessimism among retail investors was at its worst in some 5½
The bank stocks and the oil plays are so beaten-up that CNBC’s Jim Cramer can’t recommend them to investors, even as his positive long-term outlook for the sectors is still intact, he said Thursday. “If you own the oils or the banks, it’s hard not to feel like an idiot,” he said Thursday on “Mad
Digital media is becoming the best vehicle for retailers to get more traffic to their stores and websites, and that’s brightening the outlook for the stock of embattled social media giant Facebook, CNBC’s Jim Cramer said Wednesday. “When you listen to the retailers that have reported lately, they all sing the same tune: the time
In this market, investors should opt for individual stocks instead of exchange-traded funds, which often lump together shares of companies with conflicting trajectories, CNBC’s Jim Cramer said Tuesday after a turbulent trading session. Using the technology sector as an example, the “Mad Money” host outlined the crosscurrents making the group particularly “complicated.” Apple’s stock has
For investors scouring the increasingly volatile stock market in search of good investments, CNBC’s Jim Cramer suggested an under-the-radar name on Monday: Zuora Inc. “[CEO] Tien Tzuo delivered a good number,” in late November, Cramer, host of “Mad Money,” told a lightning round caller. “It’s just that this stock is just violently out of favor.”
U.S. stock futures fell on Sunday night as traders feared an intensifying trade war between the United States and China. Dow Jones Industrial Average futures dropped 177 points, implying a decline of 153.95 points at Monday’s open. S&P 500 and Nasdaq 100 futures also declined. The losses would add to a steep decline from last