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Cramer's Lightning Round: Don't sell Trade Desk
  + stars: | 2024-04-30 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Trade Desk's year-to-date stock performance. So I will tell you that even though it's a very expensive stock, it is a good stock. Stock Chart Icon Stock chart icon Edwards LifeSciences' year-to-date stock performance. Stock Chart Icon Stock chart icon Delta's year-to-date stock performance. Stock Chart Icon Stock chart icon Freeport-McMoRan's year-to-date stock performance.
Persons: Jeff Green, Edwards LifeSciences, Edwards, it's Organizations: Google Locations: McMoRan's, McMoRan
Gold and copper have been on fire, as geopolitical tensions mount, central banks buy up gold, and AI demand for copper grows. Copper, too, has done well, with copper futures hitting their highest level since 2022 last weekend. Stock picks He named Australian gold miner Northern Star and copper miner Southern Copper as stocks he's bullish on right now. He said against that backdrop, he's getting back into some gold mining stocks such as Gold Fields and K92 Mining. It said that copper demand will already "significantly exceed" supply starting this year — and that's not even accounting for demand growth from data centers.
Persons: Kingsley Jones, Jevons, CNBC's, Jones, Kamil Dimmich, Dimmich, he's, that's, Jefferies, Teck, Ian Roper, Michael Bloom Organizations: Wall Street, U.S . Federal Reserve, Stock, Northern Star, South, K92 Mining, Jefferies, JPMorgan, Teck Resources, North, Astris Advisory Japan KK, CNBC Locations: USA, Europe, South Capital, East, China, Freeport, McMoRan, Lundin, Teck, North America
The S&P 500 is in its most perilous position since late last summer, cautioned David Keller, the chief market strategist at StockCharts.com. After an uptick in volatility in March 2023, the S&P 500 enjoyed a virtually uninterrupted rally before peaking on the final day of July. Related storiesIn the meantime, investors should keep a close eye on two key technical support levels for the S&P 500, Keller said: 5,050 and 4,820. Utilities are one of only two parts of the market that's up in the last month, due to its risk-off nature. The VanEck Gold Miners ETF (GDX) is another compelling way to ride that rally, Keller said.
Persons: , David Keller, I'm, Keller, Stocks, StockCharts.com, they're, Keller isn't, that's Organizations: Service, Business, Utilities, StockCharts.com, VanEck Oil Services, P Oil & Gas Exploration, Production, Miners Locations: East, Israel, Freeport
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI've never been more enthusiastic on the outlook for copper, says Freeport-McMoRan CEORichard Adkerson, Freeport-McMoRan CEO, joins 'Closing Bell Overtime' to talk the global commodity supply chain, metal commodity demand, markets in China and more.
Persons: Richard Adkerson Organizations: McMoRan Locations: Freeport, China
Strong bounce: The S & P 500 was on pace Monday afternoon to break a streak of six down days in a row. (The S & P 500 fell 3% last week.) Ford rallies: Ford was our best-performing portfolio stock Monday and one of the top-performing stocks in all of the S & P 500. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Financials, Wells Fargo, Wells, Ford, Tesla, Jim Farley, Farley, Abbott, Watson, Mead Johnson, Reckitt Benckiser, Johnson, Lockheed Martin, Sherwin Williams, We're, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Ford, Abbott Laboratories, NEC Society, Abbott, Johnson, SAP, Cadence Design Systems, Nvidia, Danaher, Motors, UPS, GE, PepsiCo, RTX Corp, Lockheed, Treasury, Jim Cramer's Charitable Locations: Wells, Cleveland, Nucor, Freeport, McMoRan
The Nasdaq sank 2% on Friday as Netflix dropped nearly 11% post-earnings and Club stock Nvidia fell 10%, entering bear market territory but still up more than 50% in 2024. Following a much stronger-than-expected March retail sales report last month, fresh economic data and six Club stock earnings will take center stage in the week ahead. While lower rates may help stock multiples, that is not a sustainable path to higher equity prices over time. Earnings : The latest quarterly reporting season is starting to ramp into high gear with six Club names set to report next week. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Dow, Jerome Powell, Jim Cramer, Mark, Meta, Bing, Ford, Vimal, Lockheed Martin, Clark, Philip Morris, Sherwin, Williams, Baker Hughes, Lam, Northrop, Dr Pepper, CARR, Edwards Lifesciences, Jim Cramer's, Jim, Michael M Organizations: Nasdaq, Netflix, Nvidia, Dow Jones, Federal, Fed, Hamas, Gross, Google, Reality Labs, General Motors, Honeywell, Microsoft, Verizon Communications, Albertsons Companies, SAP, Cadence Design Systems, United Parcel Service, General Electric, GE, PepsiCo, Lockheed, Spotify Technology, RTX Corporation, JetBlue Airways, Halliburton, HAL, Philip Morris International, Quest Diagnostics, Texas Instruments, Seagate Technology, Mattel, Veralto Corporation, Boeing, General Dynamics, Boston, Hilton, Fisher, Otis Worldwide, IBM, Grill, Viking Therapeutics, Lam Research, Whirlpool, WM, Honeywell International, Royal Caribbean Cruises, American Airlines, Altria, Newmont, Caterpillar, Southwest Airlines, Myers Squibb, AstraZeneca, Mobileye, Northrop Grumman, CNBC, Comcast, Merck, Dow Inc, Carrier Global, Union Pacific, Intel, Western, Mobile, L3Harris Technologies, Exxon Mobil, Chevron, Colgate, Palmolive, HCA Healthcare, Charter Communications, Newell Brands, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: Israel, Iran, Ukraine, destocking, China, Cleveland, Freeport, McMoRan, Kimberly, Masco, Bristol, New York City
The Big Tech earnings next week could revive a flagging market, or at least give investors direction into where stocks are going from here. Wall Street is hoping next week's megacap tech results will give investors insight into where the artificial intelligence trade is going from here, as a bounce in tech could lift the indexes. They're also hoping a slew consumer commentary will give investors insight into the state of the economy. However, he said any pullback in the tech names could give investors an opening to start "nibbling away" at additional exposure. Personal Income 10 a.m. Michigan Sentiment NSA final Earnings: T. Rowe Price Group , Colgate-Palmolive , Exxon Mobil , Chevron , AbbVie , Phillips 66
Persons: Tesla, They're, Kim Forrest, Elon Musk, Emily Leveille, Scott Ladner, Ladner, Horizon's Ladner, FactSet, Baker Hughes, Philip Morris, Lockheed Martin, Raymond James Financial, Rowe Price, Phillips Organizations: Big Tech, Google, Microsoft, Bokeh, Nasdaq, Investors, Deutsche Bank, Reuters, Thornburg Investment Management, Meta, Consumer, Visa, Chicago, Verizon Communications, Ameriprise, Truist, PMI, New, Richmond Fed, Enphase, Tesla, NextEra, Philip Morris International, Halliburton, United Parcel Service, PepsiCo, Lockheed, Raytheon Technologies, GE Aerospace, Grill, Business Machines, Lam Research, Ford Motor, Technology, Waste Management, Universal Health Services, Raymond, Boeing, Hilton Worldwide Holdings, . Kansas City Fed Manufacturing, Mobile, Capital, Financial Corp, Intel, Western Digital, Comcast, American Airlines Group, Southwest Airlines, Valero Energy, Caterpillar, Tractor Supply, Royal Caribbean Group, GE, PCE, NSA, Rowe Price Group, Colgate, Palmolive, Exxon Mobil, Chevron Locations: China, Europe, U.S, NextEra Energy, Freeport, McMoRan, . Kansas, Michigan, AbbVie
These are the 10 most overvalued stocks in the S&P 500
  + stars: | 2024-04-18 | by ( Pia Singh | ) www.cnbc.com   time to read: +2 min
Shares of these companies would be considered overvalued, meaning they're trading at a current price that is not justified by their P/E ratio. Super Micro Computer trades at a 32.9 forward P/E, which is 173% above the five-year average P/E of 12.1. Microchip Technology is trading 73% above its five-year average P/E ratio of 15.8, while Broadcom is trading at a 58% premium. Eli Lilly is another overvalued name, as the stock is trading at a 71% premium to its five-year average. Other expensive stocks included in the list include copper producer Freeport McMoRan , pharmaceutical company Bristol-Myers Squibb and Tyson Foods .
Persons: Dow, Eli Lilly, Mounjaro, Eli Lilly's, Myers Squibb Organizations: Nasdaq, CNBC, Computer, Broadcom, Technology, Micro Computer, Bristol, Myers, Tyson Foods Locations: Freeport
Final Trades: AppLovin, Freeport-McMoRan and CVS Health
  + stars: | 2024-04-16 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: AppLovin, Freeport-McMoRan and CVS HealthThe Investment Committee give you their top stocks to watch for the second half.
Organizations: CVS, Investment Locations: Freeport, McMoRan
Final Trades: Shell, Freeport-McMoran and Steel Dynamics
  + stars: | 2024-04-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Shell, Freeport-McMoran and Steel DynamicsThe Investment Committee give you their top stocks to watch for the second half.
Organizations: Shell, Steel Dynamics The Investment Locations: Freeport, McMoran
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Honeywell, Freeport-McMoran, Leidos Holdings, Cisco, McDonald's, Netflix & ASMLThe Committee discusses the latest moves in their portfolios.
Organizations: Honeywell, Leidos Holdings, Cisco, McDonald's, Netflix, ASML Locations: Freeport, McMoran
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTuesday's rapid fire: Molson, Freeport-McMoRan, Nike, Cisco, American Eagle OutfittersJim Cramer provides quick takes on five stocks outside the CNBC Investing Club portfolio.
Persons: American Eagle Outfitters Jim Cramer Organizations: McMoRan, Nike, Cisco, American Eagle Outfitters, CNBC, Club Locations: Molson, Freeport
Molson Coors : Goldman Sachs upgraded the beer maker to a buy rating and raised its price target to $75 per share from $66. Jim Cramer said Tuesday beer retailers shuffle their shelf space allocations "twice a year." Freeport-McMoRan : Bank of America started the international mining company with a buy rating due to high-quality copper leverage and exposure to gold, which has been making new highs. "But that does mean you don't expect a bounce back" in Nike shares. American Eagle Outfitters : JPMorgan upgrades the specialty retailer's shares to a buy-equivalent overweight rating.
Persons: Jim Cramer's, Goldman Sachs, Jim Cramer, Cramer, Gavin Hattersley, Goldman, Piper Sandler's Organizations: CNBC, Club, Molson Coors, TAP, Modelo, Constellation Brands, Bank of America, Nike, Cisco Systems, Deutsche Bank, Eagle Outfitters, JPMorgan Locations: Corona, Freeport, McMoRan
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Given the company's track record, it is not surprising to us that its stock isn't working after these much-ballyhooed claims. Upgrades/downgrades: Bank earnings season kicks off this Friday with Wells Fargo , JPMorgan , and Citigroup scheduled to report. Meanwhile, Cramer is critical of an upgrade of Freeport-McMoRan after the stock has gained 35% since the beginning of March. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer, Stocks, Gaudi, Wells, Wells Fargo, Cramer, Jim Cramer's, Jim, Patrick Gelsinger, Brendan Smialowski Organizations: CNBC, Nvidia, Intel, JPMorgan, Citigroup, KBW, Citi, GE, GE Healthcare, Core CPI, Jim Cramer's Charitable, AFP, Getty Locations: Wells Fargo, Freeport, McMoRan, Chandler , Arizona
Check out the companies making headlines before the bell: American Eagle Outfitters — Shares popped 4% following an upgrade by JPMorgan to overweight from neutral. Freeport-McMoRan — Shares jumped 1.9% after Bank of America upgraded the American mining company to buy from neutral, saying it has "blue chip copper exposure." Molson Coors — Shares gained 1.9% after Goldman Sachs upgraded the brewing company to buy, saying the company can benefit as it expands its shelf space in retailers. Ally Financial — The financial services company added nearly 2% after being upgraded to buy from neutral at Bank of America. The bank's analysts believe Ally Financial may see higher earnings than anticipated, less earnings volatility and that its potential credit leverage may be underestimated.
Persons: Molson, Goldman Sachs, Ally, — CNBC's Michelle Fox Organizations: Eagle Outfitters, JPMorgan, Bank of America, Molson Coors —, Ally, Google, Pfizer Locations: Freeport
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Nasdaq, American Express, Freeport-McMoRan and CiscoThe Investment Committee discusses the latest Calls of the Day.
Organizations: American Express, McMoRan, Cisco The Investment Locations: Freeport
Bank of America says a more bullish outlook for gold and copper could benefit a handful of stocks. Bank of America also sees copper climbing 8% in 2024 to $9,321 per metric ton. To play its bullish outlook for copper and gold, the firm also named a slate of stocks that could see a boost. FCX YTD mountain Freeport-McMoRan stock. Bank of America highlighted Freeport-McMoRan's "stable production profile, low unit costs and [an] improving balance sheet" as drivers behind its price target.
Persons: Lawson Winder, Winder Organizations: of America, Bank of America, Federal Reserve, Bank of, Mines, Eagle Mines Locations: U.S, Freeport, McMoRan
Jim Cramer shares his take on BofA's Freeport-McMoran upgrade'Mad Money' host Jim Cramer looks at a recent upgrade for Freeport-McMoran and shares his thoughts on it.
Persons: Jim Cramer Locations: Freeport, McMoran
Barclays downgrades American Express to equal weight from overweight Barclays sees "limited upside" on valuation for the stock. Compass Point downgrades Wells Fargo to neutral from buy Compass sees a more balanced risk/reward for shares of Wells Fargo. Bank of America reiterates Apple as buy Bank of America says its survey checks show App Store growth increasing. Bank of America upgrades Ally Financial to buy from neutral Bank of America said the bank holding company has "credit leverage." Bank of America initiates Frontier a buy Bank of America said the wirelines and cable telecom company has "meaningful potential to outperform."
Persons: Morgan Stanley, Raymond James, Goldman Sachs, Tesla, Goldman, Wells, Wells Fargo, Jefferies, MNDY, Rosenblatt, TeraWulf, TD Cowen, William Blair, Cowen, it's, Wolfe, KBW, DA Davidson, Davidson Organizations: Cisco, Colgate Energy, Resource, Bank of America, Infosys, of America, Barclays downgrades, Express, Barclays, BMO, Realty Trust, Compass, LPL, Nasdaq, Jefferies, RBC, Molson Coors, TAP, Distributors, Google, GE Aerospace, GE, General Electric Company, Apple, Netflix, Frontier Communications, JPMorgan, Eagle Outfitters, Technologies, Steel, Japan's Nippon Steel, Nippon Steel, GOP, Trump, Nvidia Locations: Midland , Texas, Wells Fargo, Freeport, Pittsburgh
Copper prices are in the midst of a sharp rally, and there are a few stocks investors could check out to play the trend, according to Strategas. In a Thursday report, he called out the "explosive move from copper" and identified stocks with exposure to the metal that are breaking out of their multi-year ranges. The average price target suggests downside of about 3% from current levels. The average price target suggests 29% downside from current levels. He also raised his price target to $130 from $91, implying that shares could rally about 17% from their Friday close.
Persons: Chris Verrone, Bernstein, Bob Brackett, Brackett, Jefferies, Alejandro Anibal Demichelis, Demichelis Organizations: Copper, Southern Locations: U.S, Freeport, McMoRan, McRoRan, Indonesia, Mexico
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSully's Stats: CIC's Malcolm Etheridge shares his takes on Exxon Mobil and Freeport-McMoranHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: CIC's Malcolm Etheridge, Brian Sullivan, Organizations: Exxon Mobil, McMoran, CNBC Locations: Freeport
CNN —Heath Barnes opened his book on the upper decks of the Bahamas-bound Carnival Freedom cruise ship in between bouts of rain. Cruise ship officials reported the fire broke out on the port side of the ship’s exhaust funnel around 3:15 p.m. local time, according to a news release from Carnival Cruise Line. Witnesses reported the ship may have been struck by lightning, but that has not been confirmed and the cause is still being investigated, according to the cruise line. The ship visited Freeport on Sunday, Carnival said, adding there were no operational issues with the ship’s systems. This was his 18th Carnival Cruise trip.
Persons: CNN — Heath Barnes, , Barnes, Carnival, “ It’s Organizations: CNN, Cruise, Carnival Cruise, Port Canaveral, US Coast Guard Locations: Bahamas, Woodsboro , Maryland, Freeport, Sunday, Port
Leading the way were the energy and materials sectors while the technology and health-care groups lagged. Cyclical sectors like energy and materials have been strong performers over the past month or so, amid a broadening market rally . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, we've, it's, , Estee lauder, Estee Lauder, We'll, Jim Cramer's, Jim, pumpjack Organizations: CNBC, Texas, Coterra Energy, Tech, Nvidia, Club, GE Healthcare, Electric, Estee, DuPont, Senate, Dollar, DICK's Sporting Goods, Commerce, Jim Cramer's Charitable, Citizens, UCG, Getty Locations: Freeport, McMoRan, DuPont, China, U.S, Bakersfield, Kern County , California, USA
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Steve Weiss sells Freeport-McMoran and buys more Archer-Daniels-MidlandSteve Weiss, founder and managing partner at Short Hills Capital Partners, joins CNBC's 'Halftime Report' to detail his latest portfolio moves.
Persons: Steve Weiss, Archer, Midland Steve Weiss Organizations: McMoran, Daniels, Midland, Short Hills Capital Partners Locations: Freeport
Stocks have ripped to record highs this year, led by a few major technology names as investors bet artificial intelligence will boost profits. That doesn't mean there aren't opportunities for investors looking for stocks at more attractive valuations, especially during pullbacks, Sethi said. Sethi highlighted several attractively valued stocks to buy on a pullback, including Johnson & Johnson , GSK , Freeport-McMoRan , Schlumberger and Google parent Alphabet . From the health-care sector, Sethi highlighted pharmaceutical companies Johnson & Johnson and GSK as "very cheap stocks." When it comes to major technology stocks, Sethi pointed out that Alphabet, one of his firm's core holdings, is currently trading at a discounted level.
Persons: Sarat Sethi, Douglas C, Sethi, FactSet, that's Organizations: Lane & Associates, Federal Reserve, Dow Jones, Nasdaq, Johnson, GSK, Schlumberger, Google, Freeport, Nvidia, Microsoft, Meta Locations: Freeport, McMoRan
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