Day traders have terrible track records.  Academics who study stock pickers have long observed that the vast majority of professional money managers – about 85% – underperform their benchmarks over a multiyear period. Now those professionals are turning their sights on retail day traders, warning that the same poor results apply to them as well. 

Guggenheim Partner’s Scott Minerd told CNBC that Wednesday’s rally on Wall Street makes sense, despite the uncertain outcome in the presidential race between President Donald Trump and Democrat Joe Biden. “I was always of the opinion, regardless of the outcome, short of getting anarchy in the street, that this would be good for stocks,” the

Source: Texas Instruments | Wikipedia Volatility has once again returned to Wall Street. Swinging between positive and negative territory in the previous five sessions, the market’s movements have largely been tied to updates on the ongoing stimulus talks. Working for months to pass additional stimulus measures, both sides of the aisle are making a last-ditch

Billionaire hedge fund manager Paul Tudor Jones has turned more bullish on bitcoin, calling it the best inflation hedge. “I like bitcoin even more now than I did then. I think we are in the first inning of bitcoin and it’s got a long way to go,” Jones said on CNBC’s “Squawk Box” on Thursday. He

Integrated circuits on a circuit board. The semiconductor industry has been in focus during the U.S.-China trade war. filonmar | E+ | Getty Images Company: ON Semiconductor Corp (ON) Business: A premier semiconductor company that focuses on power and sensor products. ON Semi’s segments include (i) Power Solutions Group, which offers a range of discrete,

Dillard’s department store. Source: Zereshk | Wikipedia Shares of Dillard’s gained 27% on Monday — at one point during the session jumping more than 40% — after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer. According to filings with the Securities and Exchange Commission, Ted Weschler, who is an

Former Goldman Sachs CEO Lloyd Blankfein sees speculative elements across markets for stocks and bonds. Blankfein, a billionaire who served as Goldman’s CEO from 2006 to 2018, said Thursday on CNBC’s “Squawk Box” that low interest rates were essentially creating free money for big institutional investors. After keeping rates low for years after the 2008

CNBC’s Jim Cramer on Friday downplayed the stock market decline on President Donald Trump testing positive for the coronavirus, suggesting investors may want to consider buying on pullbacks. “I’m not saying this is much to do about nothing,” Cramer said on “Squawk Box.” “I am saying that people should have a buy list ready.” Stock futures were sharply

An indoor farming start-up that heralds itself as the future of agriculture and has Martha Stewart on its board announced Tuesday it is going public through a reverse merger, the latest in a series of blank-check deals during the coronavirus pandemic.   Kentucky-based AppHarvest is merging with special purpose acquisition company Novus Capital Corp., while picking up $475 million

Tim Cook, chief executive officer of Apple, speaks at the 2019 Dreamforce conference in San Francisco on November 19, 2019. David Paul Morris | Bloomberg | Getty Images With all due respect to the late, and great, Tom Petty, when it comes to today’s stock market averages, it’s “the weighting that is the hardest part.”

CNBC’s Jim Cramer, who has been warning people for weeks to lock-in some stock profits, advised investors to look for places to possibly buy in the carnage of Monday morning’s sharp market selloff. “We’re down on something that nobody really understands,” said Cramer, playing down the worries about another coronavirus lockdown in Europe. He said

Warren Buffett Gerry Miller | CNBC Warren Buffett, the man who pioneered buy and hold investing, just made quite a fast billion bucks from a type of investment he once mocked. Berkshire Hathaway bought $250 million worth of Snowflake stock at the IPO price and an additional 4.04 million shares from another stockholder at the

An antenna for a satellite ground station Amazon Microsoft is looking to challenge Amazon in offering a service that connects satellites directly to the company’s cloud computing network, according to documents the company filed with the Federal Communications Commission last month The effort shows how the two largest providers of cloud infrastructure — data centers in

Shoppers walking into a Lululemon store Scott Mlyn | CNBC How do investors pick stocks poised to outperform in the current environment? Stocks are tumbling in a tech-led selloff after reaching record highs over the last few weeks. However, even after the pullback, the S&P 500 has still surged almost 19% on a one-year basis.

Elon Musk Jim Watson | AFP | Getty Images Tesla shares slid 9% on Thursday, building on the stock’s recent losses after the company’s largest outside shareholder reduced its position, and after the automaker said it would raise up to $5 billion in a new share offering. With Thursday’s decline, the stock is more than

It’s been a great August, up 6% for the S&P 500, the best August since 1986. But then again, it was a great July. And a great June. May was pretty good, too, and April was downright eye-popping. The Summer Rally (S&P 500 Monthly Returns) April: up 12.7% May: up 4.5% June: up 1.8% July:

Jen-Hsun Huang, chief executive officer of Nvidia Corp., holds up a Titan C CPU and GeForce GTX Titan X graphics card . David Paul Morris | Bloomberg | Getty Images Stocks have delivered very impressive gains recently. Indeed, indexes are circling record levels, boosted by strong second quarter earning reports and reopening optimism. That’s despite

Kevin O’Leary told CNBC on Thursday that he does not believe Democratic presidential nominee Joe Biden would impair the stock market if the former vice president were to defeat President Donald Trump in November.  “I don’t think Biden is going to hurt the markets at all if he gets elected. His hands are tied,” the

DraftKings sank more than 5% in premarket trading Friday after it said its loss for the second quarter widened despite strong revenues and a turnaround in user engagement. The Boston-based gambling company posted a second-quarter loss of $161.4 million, or 55 cents per share, compared to a loss of $28.11 million, or 15 cents per

A worker wearing a protective mask adjusts a torque wrench inside the service area at a Harley-Davidson dealership in Oakland, California, on Thursday, July 16, 2020. David Paul Morris | Bloomberg | Getty Images The dark side of good earnings: Companies are talking about turning “furloughs” into permanent layoffs. You knew this was coming. It’s

Warren Buffett Gerry Miller | CNBC Investors are preparing for a variety of news in Berkshire Hathaway’s second-quarter earnings report this weekend, ranging from the possibility of record overall net income to weaker operating results from the conglomerate’s industrials companies. Wall Street also hopes that Berkshire, which is expected to report per-share earnings of $2.12

The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Shares of DiamondPeak Holdings, a special purpose acquisition company, jumped 21% on Monday after the company announced that it will merge with electric vehicle company

Warren Buffett, chairman and CEO of Berkshire Hathaway David A. Grogan | CNBC Warren Buffett’s Berkshire Hathaway this week added to his already-enormous stake in Bank of America at a time when the coronavirus pandemic dampens the economic outlook and interest rates hold near record lows. A Securities and Exchange Commission filing showed Buffett’s conglomerate

A smart phone with the icons for the J.P. Morgan apps. Christopher Wong | S3studio | Getty Images JPMorgan Chase is ditching plastic for some of its credit cards.  The Wall Street giant’s commercial cards team is partnering with Bay Area start-up Marqeta to launch digital-only credit cards. The new function will allow JPMorgan corporate cards

CNBC’s Jim Cramer praised Tesla CEO Elon Musk on Thursday for building a company that promises to be much more than just electric vehicles. “This man is selling technology, and he’s talking about fully assisted and then he’s talking about driverless. He’s thinking so much bigger,” Cramer said on “Squawk on the Street.” “He’s a big thinker.

CNBC’s Jim Cramer said Tuesday that the stock market could go higher if more people in the U.S. wore face masks to limit the spread of the coronavirus.  The current strength in equities is concentrated in technology-related stocks and not sectors tied to state economic reopening plans, Cramer said on “Squawk on the Street.”  “Let’s give

The Robinhood investment app is see on a smartphone in this photo illustration on June 24, 2020 in Washington,DC. Jim Watson | AFP | Getty Images Robinhood has postponed the launch of its popular stock-trading app in the U.K. indefinitely. The Menlo Park, California-based fintech firm told people signed up to its U.K. waitlist Tuesday that

CNBC’s Jim Cramer on Monday criticized the United States response to the coronavirus, saying that other nations have been exemplars of how to keep deaths from the disease low. “I’m trying to figure out what kind of disaster that our country has had that’s ever been as bad as this that’s been self-inflicted,” Cramer said

Warren Buffett. Gerald Miller | CNBC An off-brand move to pile into Apple shares might have been Warren Buffett’s greatest trade ever.  Berkshire Hathaway‘s Apple stake — which is now 40% of its equity portfolio — is up a whopping $40 billion since the market bottom in March. The investment in the tech giant played a crucial role