Snap Inc.’s stock price may have fallen to just over $6 a share — down about 70 percent from where the stock started publicly trading — but even this low price shouldn’t fool investors, CNBC’s Jim Cramer said Friday. “Do not be tempted by Snap’s $6-and-change share price. It’s not a bargain,” he warned. “At
Month: November 2018
President Donald Trump’s meeting with Chinese President Xi Jinping at this weekend’s G-20 summit will be a defining moment for the U.S. economy and the stock market, so investors have to be prepared, CNBC’s Jim Cramer said Friday. Leaders of the world’s top 20 economically developed nations, known collectively as the Group of 20 or
Christopher Dilts | Bloomberg | Getty Images Tim Cook, chief executive office of Apple Inc., speaks during an event at Lane Technical College Prep High School in Chicago, Illinois, U.S., on Tuesday, March 27, 2018. Apple is making announcements in a bid to win back students and teachers from Google and Microsoft Corp. Tengler, who
Dollar General: Cramer expected a strong earnings report from Dollar General, which will issue its quarterly results Tuesday morning. “The best-performing portions of retail this week were the bargain basement operations: Ollie’s, TJX and Burlington Stores. Dollar General fits that bill,” he said. “I see an upside surprise coming.” Autozone: Auto parts retailer Autozone will
November will be a month to remember for bitcoin investors. The world’s largest cryptocurrency ended November down 37 percent, its worst drop since April 2011 when the cryptocurrency fell about 39 percent, according to data from CoinDesk. Bitcoin hit a low of $3,878.66 Friday after starting November above the $6,300 mark. The digital currency is
Shares of General Electric are a buy that “requires a strong stomach” as trouble continues to mount for the company, Wall Street’s “dean of valuation,” Aswath Damodaran, told CNBC on Friday. “I own the stock, but I’ve got to tell you GE Capital is an anchor dragging this stock down” by as much as $20
Coinbase is best-known for the popular U.S. cryptocurrency exchange that was on-boarding as many as 50,000 retail accounts per day during the crypto boom last year. But although it took off with ordinary investors, many institutions weren’t as eager to use it, according to Christine Sandler, the head of institutional sales. The OTC “soft launch”
The market is close to hitting an “all-clear” signal that could mean there is more upside ahead, one of Wall Street’s biggest bulls told CNBC on Friday. Tony Dwyer, chief market strategist at Canaccord Genuity, is looking at the S&P 500’s 10-week rate-of-change indicator, which measures the percent change in the index. When it drops
One of the worst-case scenarios would be someone forging a passport with your number, leading to criminal identity theft. That risk is likely low, said David Kennedy, chief executive of TrustedSec, a white hat hacking and cybercrime investigations company. “To replicate a passport takes a lot of effort,” Kennedy said. “I wouldn’t necessarily consider your
Microsoft is now the most valuable publicly traded company in the world, surpassing Apple for the title. Microsoft’s market cap was above Apple’s at the close of trading Friday. Microsoft surpassed Apple periodically throughout the week during intraday trading, but Apple consistently beat out Microsoft in market valuation at market close. At Friday’s close, Microsoft
Wall Street is loading up on boring stocks as year-end approaches, a trend that could signal investors are worried the recent market volatility could continue. Net inflows into exchange-traded funds that track high-dividend, low volatility stocks are above $500 million on an eight-week rolling basis — the first time since 2016 — according to data
Despite the prevalence of these early withdrawals, most younger investors (89 percent) are either somewhat or very confident that they will save enough to enjoy their retirement, the research shows. They also should make sure they fully understand the impact of tapping retirement savings before age 59½. Early withdrawals from 401(k) plan accounts and IRAs
President Donald Trump can’t blame Jerome Powell for a bad stock market now that the Federal Reserve chairman has appeared to walk back his comments on interest rate hikes, Wharton School finance professor Jeremy Siegel told CNBC on Friday. The pressure is on Trump “more than ever” to reach a trade agreement with China as
KUALA LUMPUR (Nov 30): Prime Minister Tun Dr Mahathir Mohamad said Education Minister Dr Maszlee Malik and Minister in the Prime Minister’s Department, P Waytha Moorthy are doing their best in carrying out their duties as Ministers. “I’m satisfied, they are doing their best,” he told reporters after attending the Malaysian Medical Association (MMA) Special
These people should pay especially close attention to their withholding: Filers who itemize: Prior to the new tax law, it may have made sense to withhold less from your pay if you itemized deductions. That may no longer be the case now that the standard deduction has nearly doubled to $12,000 for singles and $24,000
KUALA LUMPUR (Nov 30): Malaysia Hindu Sangam (MHS) has urged Hindus in the country to remain calm and not to respond to any hate propaganda. Its national president Datuk RS Mohan Shan noted that rumours were being spread on social media, both local and foreign, to create the impression that Hindus and Hindu places of
This holiday season could be a good time to knock down your student debt. Gift of College, an education registry, lets people register their student loan account, and then share their profile with friends and family who can contribute funds toward your loans. “Wouldn’t you rather get Aunt Emma to kick in toward your student
If you’ve stayed at a Starwood Hotel property in recent years, your personal information may have been compromised. Marriott International announced Friday that hackers had copied data from the reservation database for its Starwood Hotels brand, with unauthorized access dating back to 2014. “The company has not finished identifying duplicate information in the database, but
Bill Pugliano | Getty Images Gary Jones, the newly-elected President of the United Auto Workers (UAW), addresses the 37th UAW Constitutional Convention June14, 2018 at Cobo Center in Detroit, Michigan. The United Auto Workers union said General Motors‘ decision to idle plants in the U.S. and Canada shows the new trade deal between the United
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Haliburton. Karen Finerman was a buyer of the Emerging Markets ETF. Dan Nathan was a buyer of Box. Guy Adami was a buyer of Eli Lilly. Trader disclosure: On November 29, 2018 the following stocks and commodities
If you were reluctant about investing in bitcoin before, you’ve probably completely given up on the idea now. The cryptocurrency is trading at around $4,000, a steep drop from its all-time high of nearly $20,000 last December, according to data from CoinDesk. Investors looking for clues on how to move forward are likely to find
KUALA LUMPUR (Nov 30): Newly-appointed chairman of Supermax Corp Bhd, Albert Cheok, said the group is targeting to produce 250 million pieces of contact lens in the next 12 to 18 months, once it secures its “last mile” of geographical expansion into China. Speaking after the group’s annual general meeting (AGM) and extraordinary general meeting
As another week draws to a close, investors in Europe will be turning their focus to a G-20 Summit that kicks off in Buenos Aires on Friday. Leaders from around the globe are set to discuss key issues during this two-day meeting, with many investors paying close attention to two leaders in particular: President Donald
Now that the Federal Reserve has become slightly less hawkish on its interest rate plans, there’s one final issue that could hinder U.S. economic growth in 2019, CNBC’s Jim Cramer said: China. “Remember, if we’re going to avert a slowdown next year, we need the president to make some kind of deal with the Chinese,
Noto, formerly the chief operating officer of Twitter, said that when he joined SoFi — a CNBC Disruptor 50 company whose name stands for “Social Finance” — “the No. 1 priority was making sure that we focused on quality of loans over quantity of loans.” Knowing that the Fed would soon start raising interest rates
DowDuPont Inc.: “I think you should buy more. I told people at a Deal Economy conference, a part of TheStreet.com, today that I think the breakup pain is over and the gain is about to start. Please, let’s not write off [CEO] Ed Breen. He’s done it before. He’s going to do it again. Three
Global retailer PVH, parent to the Calvin Klein and Tommy Hilfiger brands, will have no choice but to raise prices if the Trump administration places 25-percent tariffs on the products it makes in China, Chairman and CEO Manny Chirico told CNBC on Thursday. “The unfortunate thing about it is who’s going to be hurt by
KUALA LUMPUR (Nov 30): The FBM KLCI is seen trending range bound today and hover around the 1,700-level today, in line with global markets. The local index could make a final push today to end November slightly above the 1,700-point mark, with index-linked financial services sector stocks providing the boost. The FBM KLCI has so
If the stock market is going to end the year with gains, it could all come down to this weekend and the meeting between President Donald Trump and China President Xi Jinping. Stocks have been whipped by headlines on trade, and on Thursday alone the market was encouraged by comments from Trump that he wanted
One big question is how prenuptial and postnuptial agreements that were completed before the new tax law went into effect will be treated. “This is the reality TV portion of the Trump tax reform,” Francis said. “We are going to have revenue rulings that will help guide us, but we don’t have them yet.” Walzer
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