Finance

The Fed’s next move: Stand pat or hike, again?

Fed governor Stanley Fischer on Monday hinted at increased interest rates this year by mentioning possible upticks in inflation. BMO’s Chief Investment Strategist Brian Belski and Pimco’s global strategic advisor, Richard Clarida, addressed the Fed’s next move on CNBC’s “Power Lunch” and agreed the market would not see a rate hikes until the summer or even fall. “We have to ... Read More »

Cramer: The shake-out in restaurants has begun

Jim Cramer thinks a great restaurant shake-out has begun. “We are seeing some restaurant names pull away from the pack the way racehorses separate themselves from the field … whatever the explanation, the winners are creating some dazzling performance,” the “Mad Money” host said. The first winner crushing the competition is McDonald’s. The all-day breakfast idea was once one that ... Read More »

The bull run’s not over — but curb your enthusiasm: Traders

Stocks have staged a massive comeback from their mid-February lows — and that has lit a fire underneath some of Wall Street’s biggest bulls. Last week, an encouraging U.S. jobs report helped blue chip stocks end a turbulent two-month stretch, with the Dow Jones Industrials closing above the psychologically-key 17,000 level for the first time since early January. The S&P ... Read More »

Investing like a billionaire has never been easier — or harder

Times are tough for billionaire investors. Warren Buffett’s top stock picks aren’t working — whether it’s IBM or American Express, the Oracle can’t seem to catch a break. Buffett had his worst year since the financial crisis in 2015, and hedge fund great Bill Ackman of Pershing Square Capital Management had his worst year ever in 2015, thanks to, among ... Read More »

Trump nomination could give Dems Congress: Analyst

The market has not priced in the chances of Democrats taking both houses of Congress this year, but the scenario is growing more likely due to two words: Donald Trump, policy analyst Brian Gardner said Wednesday. Trump’s recent failure to clearly disavow a prominent white supremacist’s endorsement has made Hillary Clinton the front-runner in a likely general election between the ... Read More »

Citron exec: This is Tesla’s biggest problem

Shares of Tesla Motors will have a hard time going higher because of the news surrounding the company, Andrew Left, Citron Research’s executive editor, said Wednesday. “What I underestimated [about] Tesla the first time is, when the Model S was introduced, nine of 10 stories were saying how great the car is, and the stock just followed. Right now, there’s ... Read More »

The market just saw a near-term bottom: Acampora

Stocks are beginning to catch spring fever. The Dow and S&P 500 closed at their highest level since Jan. 6 on Tuesday, fueled by a massive rally in the financial and technology sectors. The S&P has now bounced 9 percent from its recent low, and that has one veteran technician, calling for a near-term bottom. On CNBC’s “Futures Now” Tuesday, ... Read More »

Cramer: What made the bulls run like crazy

Tuesday scored a clear market win for the bulls. Jim Cramer saw the perfect confluence of events that allowed stocks to soar higher. The first event that took place hinged on two pieces of data that came out of China. Investors learned that things were even worse than many thought when manufacturing numbers matched the lowest level in seven years. ... Read More »

Survivors emerge from teen retail tantrum

Blend Images | Getty Images Teenage girls shopping The early half of this decade was looking quite grim for teen retailers. Companies including Abercrombie and American Eagle were seeing sharp declines in earnings as preferences were changing. Teens were no longer yearning for the same shirt as their peers, instead they were identifying with new fashion trends as they looked ... Read More »

Wayfair CEO to Cramer: Why we are different

At a time when many furniture retailers like Williams-Sonoma andRestoration Hardware are struggling, Jim Cramer turned his attention to Wayfair to see how it could differentiate itself from the competition. Online retailer Wayfair sells furniture and home goods at bargain prices for brands like Joss & Main, All Modern, Birch Lane and Dwell Studio. However, it seems that regardless of ... Read More »