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☆ Meme stocks are having a moment, but the broader market is rallying as well
▼ + stars: | 2024-05-14 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Meme stocks are having a moment, but the broader market is rallying as well. While GameStop's 74% rally got a lot of attention Monday ( "meme stocks are back!" ), the evidence indicates that a broad rally is dragging up a lot of stuff that hasn't been performing well this year. The S & P 600 Small Cap advance/decline is also near the highest levels since December, while the S & P Mid Cap 400 advance/decline line is at a new high. So when you hear the tired old refrain, "meme stocks are back," take a look at the rest of the market.

Persons: hasn't, Marko Kolanovic, Morgan, BoE, Ryan Detrick Organizations: Fed, ECB, Intel, Nike, Comcast, ChargePoint Holdings, CRISPR Therapeutics, Unity Software, Carson Group, CNBC

CNBC Pro screened to find the stocks that have moved most in line with bitcoin over the last 50 trading days. We looked at the relationship between the stocks and the flagship crypto over that period, as well as the average rolling correlation over the same time period. Here are the top seven names with the highest rolling correlations: The stocks with the highest correlations should come as no surprise. Further down the list, the connections between the stocks and bitcoin are less immediately clear. The electric vehicle maker has a rolling correlation of 0.31, clinching the sixth spot on the screen.

Persons: bitcoin, QuantumScape, FactSet Organizations: CNBC Pro, Marathon, Riot

☆ Solid state batteries promise to radically change EVs. But they may not be the only answer
▼ + stars: | 2023-11-23 | by ( Manav Tanneeru | Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

Car companies including Stellantis, Hyundai and Volkswagen have also teamed up with firms working on solid state batteries. But solid state technology has its own challenges, and it’s not the only way automakers could achieve lighter, cheaper and faster charging electric vehicles. In a solid state battery, the electrolyte is, well, a solid. That solid electrolyte is one reason that solid state batteries might be safer than lithium-ion batteries. Ultimately, there probably will never be one battery technology used in all EVs, GM spokesperson Phil Lienert said.

Persons: it’s, William Kephart, Kephart, ”, Siyu Huang, Quantumscape, That’s what’s, Phil Lienert Organizations: CNN, Toyota, Stellantis, Hyundai, Volkswagen, P3, OneD, Sciences, GM

☆ Legendary investor Jeremy Grantham calls Elon Musk a 'wonderful propagandist' and warns home prices will fall 30%. Here are the best 10 quotes from a new interview.
▼ + stars: | 2023-09-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

Legendary investor Jeremy Grantham warned that home prices are doomed to fall amid high mortgage rates. What the stock market loves"It loves low inflation. The crucial ingredient to a stock market bubble"The surge that took place in late 2020 finally had the characteristics that have been missing for 10 years. [NFTs], meme-stocks, QuantumScape is the biggest scale of any bubble in [stock market] history." That's the biggest bubble I think in history, including the South Sea bubble."

Persons: Jeremy Grantham, Tesla's Elon Musk, Elon Musk's salesmanship, Grantham, Josh Brown, Michael Batnick, I've Organizations: Service, Elon, Ritholtz, Stock Locations: Wall, Silicon, Beijing, Shanghai, Sydney, Adelaide, Canada, London, Toronto, Boston, Japan, Manhattan, Downtown Manhattan, Tokyo

☆ Here are Monday's biggest analyst calls: Arm, Carvana, Disney, Apple, Tesla, Skechers, Netflix & more
▼ + stars: | 2023-09-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Piper Sandler upgrades Skechers to overweight from neutral Piper said in its upgrade of the stock that it likes its balance sheet. Goldman Sachs reiterates Tesla as neutral Goldman cut its estimates on the stock and says it sees pricing heading lower. Mizuho upgrades DoorDash to buy from neutral Mizuho said in its upgrade of DoorDash that it's deserving of a re-rating. Wedbush upgrades Carvana to neutral from underperform Wedbush said in its upgrade of the stock that it sees profitability upside. Raymond James initiates Disney as outperform Raymond James said in its initiation of Disney that the stock is compelling.

Persons: TD Cowen, TENB, Piper Sandler, Piper, Goldman Sachs, Tesla, Goldman, Wells, Wedbush, Evercore, Raymond James, Ralph Lauren, Guggenheim, Morgan Stanley, Atkins, Bernstein, ASGN, underperform Bernstein, it's, YoY Organizations: Tenable Holdings, TAM, Tesla, Apple, Netflix, Northland, Mizuho, HSBC, Deutsche Bank, Micron, Deutsche, Barclays, Alliant Energy, EV, UBS, BioMarin Pharmaceutical, Iridium, NASDAQ, Disney, Bank of America, of America, Nvidia, Nike, NKE's 1Q, PayPal, Moffett Locations: Europe, Wisconsin, Iowa, US, Swedish, 2Q23

☆ Legendary investor Jeremy Grantham rang the alarm on stocks and recession, warned about the housing market, and hailed Elon Musk's Tesla. Here are his 10 best quotes from a recent event.
▼ + stars: | 2023-09-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Jeremy Grantham issued grim warnings about the US stock market and economy this week. Grantham touched on meme stocks, banking risks, real estate, commodities, and Elon Musk's Tesla. GMO's cofounder and long-term investment strategist also reflected on his inadvertent investment in a meme stock, advised against buying real estate or commodities, and touted Elon Musk's Tesla and other companies fighting climate change. "I would be very careful with real estate. So I wouldn't touch real estate."

Persons: Jeremy Grantham, Grantham, Elon Musk's Tesla, There's, it's, dopey VWs, they've Organizations: Service, Livewire Markets, General Motors, Panasonic, dopey, Grantham Locations: Wall, Silicon, Sydney, craziness, Grantham

☆ Cramer breaks down July's top 15 stocks in the Russell 1000
▼ + stars: | 2023-08-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday warned investors about market froth and gave his take on the top 15 performers in the Russell 1000 during the month of July. Froth can be a hard market condition to define, Cramer conceded. Sometimes froth happens when the stock of a poorly-performing company spikes before the whole enterprise goes under, Cramer said. To help investors spot market froth, Cramer discussed July's top 15 stocks in the Russell 1000, a benchmark index that ranks the top thousand companies in the U.S. by market capitalization. "When you look at the biggest winners in the Russell 1000 last month, I'm very happy to say that the vast majority of these stocks, aside from QuantumScape and Robinhood, represent real substance, not just thin gruel froth," Cramer said.

Persons: CNBC's Jim Cramer, Russell, Froth, Cramer Locations: Bath, U.S, QuantumScape

☆ Cramer's Lightning Round: QuantumScape is a 'hard pass'
▼ + stars: | 2023-07-11 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Cleveland-Cliffs's year-to-date stock performance. Stock Chart Icon Stock chart icon Jackson Financial's year-to-date stock performance. It's what I call a red flag, so I can't touch it." Stock Chart Icon Stock chart icon QuantumScape's year-to-date stock performance. Hard pass, there's nothing there."

Persons: Nucor, Jackson Organizations: Cleveland, Jackson Locations: Cleveland

☆ Lightning Round: Hard pass on Quantumscape, says Jim Cramer
▼ + stars: | 2023-07-11 | by ( Jim Cramer | ) 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 EmailLightning Round: Hard pass on Quantumscape, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Clevland-Cliffs, Jackson Financial and Quantamscapse.

Persons: Jim Cramer Organizations: Jackson Financial

☆ Explainer: How could solid-state batteries improve next-gen EVs?
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +4 min

Solid-state batteries have been used in small electronic devices such as pacemakers and smart watches. Solid-state batteries can hold more energy than liquid lithium-ion batteries, a gain that would potentially speed the transition to EVs by addressing a consumer concern: range. That has made solid-state batteries far more expensive than liquid lithium-ion batteries. Honda is developing solid-state batteries but has not detailed a timeline for bringing them to market. Hyundai Motor (005380.KS), another Solid Power investor, has said it plans to mass produce solid-state batteries by 2030.

Persons: Tesla, Bill Gates, Tim Kelly, Sayantani Ghosh, Kevin Krolicki, Christopher Cushing Organizations: Toyota, Reuters, Tesla, Panasonic, Nissan, Honda, Volkswagen, Automotive Cells Co, Mercedes, Benz, ProLogium Technology, Ford, BMW, Hyundai, Solid Power, EV, Thomson Locations: TOKYO, SINGAPORE, U.S, Taiwan

☆ Goldman's surging 'Most Short' portfolio reveals what's driving market rally — here's what's in it
▼ + stars: | 2023-01-26 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Signs have emerged that short covering has been at work during the latest stock market rally, raising questions about the sustainability of the leg up. Meanwhile, Goldman Sachs' so-called "Most Short" basket, consisting of 50 U.S. stocks with the biggest short interest, has gained more than 20% in 2023. "The equity market rally since the lows in October has for the major part been driven by short covering," Barclays strategists said in a note Wednesday. On Monday when the Nasdaq jumped 2%, technology stocks saw the largest one-day notional amount of short covering since June, according to Goldman's prime brokerage data. Goldman said the short covering activity was led by semiconductor stocks, tech hardware and IT services stocks.

☆ Cramer's lightning round: Amicus Therapeutics is an ideal spec
▼ + stars: | 2023-01-24 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Quantumscape Corp : "I think you should take the money and run." Frankly, I don't get it, and that makes me want to look more into it, not just say buy." Loading chart...Amicus Therapeutics Inc : "I think that that stock is an ideal spec." Exact Sciences Corp : "They're losing too much money, to be honest. Array Technologies Inc : "I've been looking for a new way to play solar.

☆ The $360 billion electric car battery market will determine the fate of electric vehicles
▼ + stars: | 2023-01-03 | by ( Alexa St. John | ) www.businessinsider.com time to read: +14 min

There's also money to be made: The EV battery market could hit $360 billion by 2030, according to McKinsey. At Insider, we've looked at white-hot EV battery technologies that give automakers the EV performance they need at the price their customers want. We've investigated how automakers are securing enough battery supply, especially amid the call for domestic sourcing brought on by requirements in President Joe Biden's climate bill. It just led a $400 million investment into the little-known EV battery startup that could make it work. The soon-to-be $339 billion battery industry is on a hiring tear to power the shift to electric cars.

☆ Top analyst cuts Tesla price target while projecting it will 'widen its lead' in EVs
▼ + stars: | 2022-12-29 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Morgan Stanley's Adam Jonas cut his price target on Tesla to $250 per share from $330, citing weaker demand for electric vehicles, but kept his overweight weighting on the stock. Tesla's stock is down 68% year to date, and 42% in December alone. Tesla appears to be responding to the weaker demand by slowing the rollout of its cars. However, the weaker market for electric vehicles is a bigger threat to Tesla's competitors than Musk's company, Jonas said. "On a relative basis, the reiteration of our OW rating must be seen vs. more challenged EV-related peers such as EW-rated Fisker (FSR), UW-rated Lucid (LCID), and UW-rated QuantumScape (QS)," Jonas wrote.

☆ EV startup Canoo claims former execs joined the company just so they could steal its secrets — and launch a rival automaker
▼ + stars: | 2022-12-27 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

Electric vehicle maker Canoo is suing some of its former employees who launched a rival company. Canoo claims the employees used Canoo trade secrets and IP for their new startup, Harbinger. Harbinger, a Los Angeles-based EV-maker that launched in September, is led by a team of former Canoo, Faraday Future, and QuantumScape executives. A Canoo spokesperson told Insider in a statement Tuesday that, "As this lawsuit demonstrates, we take the protection of our IP seriously." Several former Canoo employees have announced plans to join Harbinger on LinkedIn in recent months.

☆ EV battery startup QuantumScape starts shipping prototypes to automakers, a key milestone
▼ + stars: | 2022-12-20 | by ( John Rosevear | ) www.cnbc.com time to read: +2 min

Electric vehicle battery startup QuantumScape said Tuesday that it has begun shipping prototypes of its batteries to automotive customers, a key milestone that it had aimed to hit by year-end. The news that QuantumScape is shipping prototypes is an important milestone for the startup, but actual commercial production is still at least a few years away. QuantumScape has been working for several years to develop a viable "solid-state" battery for electric vehicles. Solid-state batteries are so called because they don't need the liquid or gel electrolyte found inside existing batteries. A solid-state battery pack can be smaller and lighter than a lithium-ion pack of similar capacity, with much less risk of catching fire.

☆ Stocks making the biggest moves midday: Gilead Sciences, Moderna, Tesla and more
▼ + stars: | 2022-12-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

A sign is posted in front of the Gilead Sciences headquarters on April 29, 2020 in Foster City, California. Check out the companies making the biggest moves midday:General Mills — General Mills dropped 4.2%, despite reporting better-than-expected revenue and profit for the last quarter. Gilead Sciences — Gilead Sciences sank 2.4% after announcing its Kite unit would acquire biotech company Tmunity Therapeutics. Tesla – Shares of Tesla sank 5.3% after Evercore ISI lowered its price target on them, citing concerns as the stock failed to hold a key level. Arch Capital — The Bermuda-based insurance company rose 2.5%.

☆ Earnings are off to a surprisingly decent start. Next week is the big test for tech
▼ + stars: | 2022-10-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

Stocks rallied this week as earnings season ramped up and is so far off to a better-than-expected start. With 20% of the S & P 500 having reported financials so far, sales results have thus far been 1.4% above expectations while earnings results are 5.4% above expectations, in aggregate. That inverse correlation between bond yields and stocks was powerful enough to trump positive earnings reports. Looking back On the earnings front, we got results from Johnson & Johnson (JNJ), Procter & Gamble (PG), and Danaher (DHR). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Battery startup salaries revealed: How much Redwood, QuantumScape, and more pay the engineers they're desperate to hire
▼ + stars: | 2022-10-19 | by ( Alexa St. John | Alex Nicoll | ) www.businessinsider.com time to read: +3 min

The EV battery space will need to fill 10 million jobs globally by 2030. Firms like Redwood Materials, QuantumScape, and more, are searching for hundreds of workers. Battery companies are desperate for talent to meet the demand they're seeing from electric vehicle automakers — and some are paying big bucks to attract workers. Battery companies are racing to get critical materials like lithium and nickel. This need means that firms innovating all aspects of the battery value chain — including battery chemistry, materials, battery health, repurposing and more — are competing with one another to fill what the World Economic Forum expects will be 10 million jobs globally by 2030.

Organizations: & $

☆ Cramer's lightning round: I like Procter & Gamble over Kimberly-Clark
▼ + stars: | 2022-10-19 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

I prefer to have something that is certainly a little bit more ... known and already doing incredibly well, which is Halliburton ." Loading chart...Kimberly-Clark Corp : "I'd much rather have you be in Procter & Gamble ." Loading chart...Boeing Co : "As a long term position — that is really the operative term, because short-term, they keep doing things wrong." Loading chart...Quantumscape Corp : "It's losing a lot of money ... and we do not recommend stocks that are losing a lot of money." Disclaimer: Cramer's Charitable Trust owns shares of Procter & Gamble, Halliburton and Pioneer Natural Resources.

☆ Here's how the $360 billion electric car battery market will impact the future of EVs — and how affordable they are for car-buyers.
▼ + stars: | 2022-10-11 | by ( Alexa St. John | ) www.businessinsider.com time to read: +14 min

There's also money to be made: The EV battery market could hit $360 billion by 2030, according to McKinsey. At Insider, we've looked at white-hot EV battery technologies that give automakers the EV performance they need at the price their customers want. It just led a $400 million investment into the little-known EV battery startup that could make it work. Giants like Tesla, GM, and Ford are going to be desperate for EV materials in the next decade. The soon-to-be $339 billion battery industry is on a hiring tear to power the shift to electric cars.

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