Investing

CNBC’s Jim Cramer said on Monday that “we’re in some wacko market” because normally chasing stay-at-home stocks trading at off-the-charts multiples to sales would not make sense, but now the market is rewarding investors who do so. Cramer cited Zoom Video Communications at about 50 times sales and cloud company Snowflake at about 100 times
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Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC With earnings season gathering pace, now is the time to re-evaluate your portfolio. However, in such an unpredictable environment, investors need to be particularly savvy when making critical investing decisions. “Markets are now hoping for (and trading on) a smooth election, a big
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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,
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Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America is scheduled to report third-quarter earnings before the opening bell Monday. The firm generated $20.45 billion in revenue, missing the $20.8 billion estimate of analysts surveyed by Refinitv. Here’s what Wall Street expected: Earnings: 49 cents a share, 12% lower than the
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David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $5.57 per share, 16% higher than a year earlier, according to Refinitiv. Revenue: $9.46 billion,
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James Gorman David A. Grogan | CNBC Morgan Stanley is set to report third-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: $1.28 a share, less than 1% higher than a year earlier, according to Refinitiv. Revenue: $10.64 billion, 6% higher than a year earlierWealth management: $4.45 billion, according to
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Billionaire investor Ron Baron, who says his stake in Tesla has made his firm 10 times its original investment, told CNBC on Wednesday that he expects similar growth from Elon Musk’s space company. “SpaceX I think has a chance to be just as large as Tesla,” Baron said on CNBC’s “Squawk Box.” Baron’s investment firm holds
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BlackRock Chairman and CEO Larry Fink told CNBC on Tuesday he thinks the stock market can continue to move higher, adding to the strong rebound in recent months after the coronavirus-driven sell-off earlier this year. “I believe we still have more to go on the upside even in front of probably rising infection rates with Covid-19,” Fink said
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Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Citigroup is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings:  93 cents a share, a 55% decline from a year earlier, according to Refinitiv. Revenue: $17.2 billion,
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Dillard’s department store. Source: Zereshk | Wikipedia Shares of Dillard’s jumped 15% during premarket trading on Monday 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 investment manager at Berkshire Hathaway, bought roughly 1.08 million
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CNBC’s Jim Cramer said Monday there are structural forces exacerbated by the coronavirus pandemic that support continued strength in the stock market, regardless of the presidential election outcome. “I think there’s a genuine belief that it doesn’t matter who wins. It doesn’t matter about stimulus,” Cramer said on “Squawk on the Street.” “There are enough
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An animation shows Dream Chaser and its Shooting Star cargo module in orbit around the Earth. Sierra Nevada Corporation Sierra Nevada Corporation is best known as a private aerospace and national security contractor – but the company is investing heavily in its space systems division, especially as it sees NASA and other companies building infrastructure
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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 Squawk Box that low interest rates were essentially creating free money for big institutional investors. After keeping rates low for years after the 2008 financial
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Nelson Peltz speaking at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019. Adam Jeffery | CNBC Company: Invesco Ltd. (IVZ) Business: Independent investment management company. Invesco provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. Its
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CNBC’s Jim Cramer on Thursday highlighted multiple parts of the market where he sees stock prices rising and can continue to rise, whether lawmakers in Washington agree to another round of stimulus spending or not. American consumers and small businesses, grappling with double-digit unemployment and a pandemic-induced downturn, are waiting to see if lawmakers will
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Some are calling it “a la carte stimulus,” with aid for airlines in column A, PPP aid in Column B, etc.  Whatever it is,  hopes for stimulus — pre-election, post-election, comprehensive package, stand-alone deal, whatever and whenever — is supporting breakouts in cyclicals like industrials, materials, consumer discretionary, and banks. Many big names like Caterpillar,
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