Ben Rains explores the stock market after two strong weeks that helped the S&P 500 climb back above its 200-day moving average. The episode then breaks down two stocks from an out of favor sector, Lowe’s Companies, Inc. (LOW) and D.R. Horton, Inc. (DHI), that investors might want to buy at enticing discounts as we
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Loading chart… Wells Fargo & Co: “Wells Fargo is the bank stock to own.” Loading chart… Enbridge Inc: “I like Enbridge. Wall Street doesn’t like it.” Loading chart… NXP Semiconductors NV: “I like NXP. … I think you got a good story there.” Loading chart… Inmode Ltd: “I like Inmode. I like skincare.” Loading chart…
Stock futures were flat in overnight trading ahead of Tuesday’s consumer confidence data and a big week for economic data. Futures on the Dow Jones Industrial Average and S&P 500 were flat, while Nasdaq 100 futures inched 0.1% lower. During Monday’s regular trading session, the Dow Jones Industrial Average rose 94.65 points or 0.27%. The
David Dee Delgado | Getty Images News | Getty Images The bond market is flashing a warning sign for the U.S. economy. That harbinger is called an “inverted yield curve.” These inversions in the bond market have been reliable predictors of past recessions. Part of the yield curve inverted on Monday. An economic downturn isn’t
U.S. President Joe Biden speaks during an event at the Royal Castle, amid Russia’s invasion of Ukraine, in Warsaw, Poland, March 26, 2022. Aleksandra Szmigiel | Reuters President Joe Biden’s proposed budget for 2023 aims to give the Social Security Administration more funding to improve services. Some groups say the increase doesn’t go far enough.
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The United Arab Emirates’ energy and infrastructure minister has insisted that Russia will always be a part of OPEC+ even as governments across the globe shun the oil exporter over its war in Ukraine. Speaking to CNBC on Monday, Suhail Al Mazrouei, a former president of the oil alliance, said no other country could match
Huawei reported its first yearly revenue decline on record in 2021 as U.S. sanctions continued to hurt the company. But the Chinese technology giant’s income surged last year as it focused on boosting profitability. “Despite a revenue decline in 2021, our ability to make a profit and generate cash flows is increasing, and we are
In this article GME “The idea that I used social media to promote GameStop stock to unwitting investors and influence the market is preposterous,” Keith Gill told Congress. Gill — who goes by DeepF——Value on Reddit and Roaring Kitty on YouTube — testified in front of the U.S. House of Representatives’ Committee on Financial Services
Manusapon Kasosod | Moment | Getty Images Investors for the last two years poured money into environmental, social and corporate governance investment strategies. In 2020, net new assets into ESG funds jumped to $51.1 billion — more than double the year before. And last year, these funds attracted nearly $70 billion in new assets, according
StefaNikolic | E+ | Getty Images Certified financial planner Amber Miller is used to thinking about the costs and challenges of life for her clients. It gave her a leg up when it came to preparing for the birth of her own first child last year. “We had our daughter, Zahra, in August, and we’re
In recent years, EU countries have undertaken a series of tax reforms designed to maintain tax revenue levels while supporting investment and economic growth. In general, tax reforms focused on reducing individual and corporate income tax rates while increasing environmental or wealth taxes. However, as summarized here, not all tax reforms were created equal. Poorly
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Health workers wearing protective gear as a measure against the Covid-19 coronavirus walk down a street in Jing’an district in Shanghai on March 26, 2022. Hector Retamal | Afp | Getty Images BEIJING — China’s biggest city Shanghai began a two-stage lockdown Monday as authorities attempt different strategies to maintain growth, while trying to control
Australia’s rigid pandemic border policies led some to wonder if international travelers would still want to visit. It appears they do. Four weeks after the country opened to vaccinated visitors, international flight bookings are nearly half (49%) of pre-pandemic levels, according to the travel technology company Travelport. CNBC Travel went to the land “Down Under”
CNBC’s Jim Cramer on Friday warned that a 50-basis point rate hike could be coming if the March labor report set to be released next Friday reveals a tighter-than-ever job market. “I fear that it will show the tightest labor market in 50 years. … If Fed Chief Jay Powell doesn’t catch a break when
Traders on the floor of the NYSE, March 25, 2022. Source: NYSE Stock futures were slightly lower Sunday evening as investors look ahead to a series of key economic reports and continue to keep a close eye on the Federal Reserve’s planned interest rate hikes. Futures tied to the Dow Jones Industrial Average moved lower
Investors should buy FAANG stocks next time they plunge and analysts turn bearish, CNBC’s Jim Cramer said Friday. When analysts come out in droves to claim FAANG stocks are uninvestable, “that’ll be the perfect moment to do some buying,” he said. FAANG is Cramer’s acronym for Facebook-parent Meta, Amazon, Apple, Netflix and Google-parent Alphabet. Cramer
A visual representation of Bitcoin. Edward Smith | Getty Images LONDON — The U.K. government will soon reveal plans to regulate the cryptocurrency market, focusing on a fast-growing type of token known as stablecoins, according to four industry sources familiar with the matter. British Finance Minister Rishi Sunak is expected to make an announcement in