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☆ Good news is good news for the market — finally. Also, a recently struggling stock may be a buy
▼ + stars: | 2024-04-05 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Good news is good news: The stock market correctly viewed the good jobs data as good news — no matter what it means for the timing of the first interest rate cut from the Federal Reserve. Those concerns were the catalyst that caused oil to spike late Thursday and the stock market to spiral. Costco and TJX should be holding up better because they both are market share gainers that offer great value to their customers. 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, Jerome Powell, Powell, he's, Ford, Morgan Stanley, Adam Jonas, Jonas, Eaton, Wynn, Estee Lauder, It's, Jim Cramer's, Jim Organizations: CNBC, Federal Reserve, Fed, Ford, U.S, General Motors, Wynn Resorts, Meta, Thursday's, Amazon, Palo Alto Networks, TJX Companies, Retail, Costco, Jim Cramer's Charitable Locations: U.S, Eaton, Macao, Mizuho, Palo

☆ Sunnova CEO tries to reassure rattled investors after stock plunged 26% in worst day since March 2020
▼ + stars: | 2024-02-23 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The residential solar company Sunnova Energy took a beating this week as investors dumped their shares after the announcement of a stock offering plan rattled confidence in the company. Sunnova shares plummeted 26.7% Thursday after the residential solar company announced a $100 million at-the-market stock offering program. "This is just an arrow in the quiver just in case and the ratings agencies like to see it," Berger told CNBC in an interview Thursday. Residential solar companies have struggled in the face of high interest rates that have made installations more costly to households. Berger and Sunnova CFO Robert Lane described the stock offering as "good housekeeping."

Persons: John Berger, Berger, that's, Sunnova, Robert Lane, Lane, Thursday's selloff Organizations: Sunnova Energy Corp, IHS, Sunnova Energy, CNBC Locations: Houston , Texas, U.S

☆ Morgan Stanley downgrades Dollar General, says retailer not as defensive as expected
▼ + stars: | 2023-06-05 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Dollar General is not performing as expected given the current backdrop, according to Morgan Stanley. "DG's business has not proven as resilient through this current cycle as we expected given its backbone of high consumables mix and its usual status as a trade down beneficiary." Dollar General shares are down more than 32% year to date. A chunk of those losses came Thursday after the discount retailer reported weaker-than-expected earnings and revenue for the first quarter. DG YTD mountain Dollar General stock has slipped more than 32% from the start of the year.

Persons: Morgan Stanley, Morgan Stanley's, Simeon Gutman, Gutman, — CNBC's Michael Bloom Organizations: Dollar Locations: Friday's

☆ Coinbase shares fall as SEC takes crypto staking action against Kraken
▼ + stars: | 2023-02-09 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

Coinbase shares closed down more than 14% Thursday, after CEO Brian Armstrong voiced concern on rumors that the Securities and Exchange Commission was mulling new enforcement action against crypto staking. Those rumors coalesced on Thursday afternoon, when the SEC announced a settlement with Coinbase's rival crypto exchange, Kraken. The SEC alleged that Kraken had engaged in the unregistered offering and sale of securities through its crypto staking platform. With crypto staking, investors typically vault their crypto assets with a blockchain validator, which verifies the accuracy of transactions on the blockchain. "We're hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers.

☆ European markets set for higher open, seeking rebound as investors weigh Fed risks
▼ + stars: | 2023-01-20 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

European markets are set to climb on Friday as traders look for a partial recovery from Thursday's selloff, with the outlook for monetary policy still firmly in focus. Investors have grown increasingly concerned that the Federal Reserve will continue to hike interest rates despite signs of slowing inflation. Both the Dow Jones Industrial Average and the S&P 500 notched a third straight day of losses on Thursday, and U.S. stock futures were cautiously higher in early premarket trade on Friday. Shares in Asia-Pacific were mostly higher on Friday as investors digested Japanese inflation data, which showed nationwide core consumer prices rose by an annual 4% in December, the fastest inflation rate since 1981. Friday marks the conclusion of the World Economic Forum in Davos, Switzerland, where policymakers and CEOs have been discussing the key issues surrounding the economy, financial markets, geopolitics and climate change.

We are taking advantage of Thursday's selloff by adding to our Emerson Electric position into weakness, one day after initiating the position . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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.

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