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We're selling 50 shares of Morgan Stanley at roughly $100.04 each and 110 shares of Wells Fargo at roughly $60.65. We're making two small trims and locking in solid gains in our two bank stocks following their strong moves toward their 52-week highs over the past week. The bank stocks are viewed as beneficiaries of a Trump presidency due to less regulation and a more accommodative stance on mergers and acquisitions, which would benefit their investment banking operations. Morgan Stanley, Bank of Americ a, and Goldman Sachs report the week after next. From these two sales, we'll realize a gain of 12% on Morgan Stanley stock bought in July 2021 and a big gain of 77% on Wells stock purchased in January 2021.
Persons: Morgan Stanley, Jim Cramer's, Wells Fargo, Donald Trump, Jim Cramer, Cramer, Goldman Sachs, Jim Organizations: WFC, Morgan Stanley YTD Bank, JPMorgan, Citigroup, Bank of Americ, Wells, CNBC Locations: Wells Fargo, Wells
The June employment report on Friday morning came in slightly better than expected with the economy adding 206,000 nonfarm jobs versus 200,000 expected. 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. Top things to watch Friday, July 5Stocks were mixed slightly Friday following another record S&P 500 th holiday. The June employment report on Friday morning came in slightly better than expected with the economy adding 206,000 nonfarm jobs versus 200,000 expected.
Persons: Eli Lilly, Jefferies, Jim Cramer's, Jim Cramer, Jim, Constellation Brands Novo Nordisk Eli Lilly Samsung Organizations: Treasury, Constellation Brands, JPMorgan, Novo Nordisk, Samsung Electronics, Jim Cramer's Charitable, CNBC, Constellation Brands Novo Nordisk, Constellation Brands Novo Nordisk Eli Lilly Samsung Electronics
Yet those efforts are complicated by Trump’s extremely close relationship with many of the people who launched Project 2025 or helped contribute to it. Dans shared with the audience it was his intention to serve in a second Trump administration should the former president win in November. “As we’ve been saying for more than two years now, Project 2025 does not speak for any candidate or campaign. But it is ultimately up to that president, who we believe will be President Trump, to decide which recommendations to implement,” the statement reads. LaCivita doubled down further on Friday, tweeting: “Poke the Bear you are going to be bit” while sharing an article titled: “Trump torches Heritage Foundation’s Project 2025.”
Persons: Donald Trump, Trump, , ” Trump, Kevin Roberts, , Joe Biden, Paul Dans, Ben Carson, Ken Cuccinelli, Rick Dearborn, John McEntee, Roberts, Dans, we’ve, Russ Vought, Trump’s, Mark Meadows, Sen, Jim Demint, Stephen Miller, Biden, ” Biden, Ammar Moussa, Susie Wiles, Chris LaCivita, LaCivita Organizations: CNN, Heritage Foundation, Trump loyalists, Trump, Affordable, Management, Urban, White, Republican, Biden, GOP, Republican National Convention, Conservative Partnership Institute, White House, America, RNC, Trump Administration, Heritage Locations: America
Investors have been drawn to Microsoft for its early leadership in the fast-growing artificial intelligence space. Year-to-date Microsoft stock is up roughly 24%, compared to the S & P 500's 15% advance. Excitement for Microsoft as an AI play, along with demand for its cloud computing business, show no signs of slowing. Copilot subscriptions Finally, the company can generate a nice recurring revenue stream from Microsoft 365′s Copilot AI add-on. Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.
Persons: Jim Cramer, Copilot, Satya Nadella, Piper Sandler, Jim Cramer's, Jim, Jason Redmond Organizations: Microsoft, Management, Revenue, . Enterprise, Wall Street, CNBC, AFP, Getty Locations: OpenAI, Microsoft's, Redmond , Washington
His name was Jim Dollinger. Dean Jim Dollinger, if you want to be professional about it. For two years, he watched the implosion of my dismal high school career from his administrative perch as dean of students. My situation was this: I was finishing my sophomore year of high school and had probably attended fewer days than I’d missed. I’d failed nearly all my classes, and my transcript boasted a 0.47.
Persons: hadn’t, he’d, Jim Dollinger, Dean Jim Dollinger, , I’d Organizations: Southwest, The Chicago Tribune, Locations: Phnom Penh, Cambodia, Southeast Asia, West, Southwest United States
This story is available exclusively to Business Insider subscribers. He told the governors he just needs to get more sleep and stop holding events after 8 p.m., according to the outlets. Biden's campaign didn't immediately respond to a request for comment from Business Insider about the reports. Biden's campaign had previously chalked up the poor performance to a cold and jet lag from international trips he had taken days earlier. One representative told CNN anonymously that House lawmakers are giving Biden space to decide what to do next.
Persons: , Joe Biden, Donald Trump, Biden —, he's, didn't, Biden's, Anita Dunn, Bob Bauer, Ron Klain, Wes Moore, they'd, Biden, Jim Clyburn, Kamala Harris, he'll, ABC's George Stephanopoulos Organizations: Service, Business, CNN, The New York Times, Trump, Politico, Biden Locations: Maryland
Lauren read several articles about how Democrats reacted to Biden’s performance. What stood out most to David Carlson, the treasurer of the Georgia Young Republicans, was the mainstream media’s reaction to Mr. Biden’s performance. Jonathon saw memes on Facebook about Biden’s performance and Jill Biden’s response after the debate. Jonathon saw memes on Facebook about Biden’s performance and Jill Biden’s response after the debate. “I already had my mind set on Trump” before the debate, Mr. Ballard said.
Persons: Biden, Donald J, Aaron Hernandez, California Lauren Waits, Georgia Arina, Independent Indiana Jonathon Ballard, Independent Wisconsin Jim Hauersberger, Independent Iowa David Carlson, Lauren Waits, Lauren, Vox, David Carlson, , “ It’s, David, Trump, , ” “, ” Aaron, Jon Stewart, Aaron, Arina Trotter, Mr, ” Arina, Arina, Jim Hauersperger, Hauersperger, “ I’m, Jim, Jonathon Ballard, Ballard, ” Mr, Jonathon, Jill Biden’s, Biden’s Organizations: Media, Trump, Georgia, Georgia Arina Trotter, Independent Indiana, Independent Wisconsin, Independent Iowa, Republican Georgia, Democratic Party of Georgia, New Yorker, Georgia Young Republicans, Despair, Democratic, Mr, U.S . Capitol, Democratic Party, Republican Party, ABC News, CBS, Facebook, Republican Locations: Atlanta, California, Bloomington, Ind, Unionville , Iowa, Green Bay, Wis, Alabama
Photos this week: June 27-July 4, 2024
  + stars: | 2024-07-04 | by ( Emmalee Reed | ) edition.cnn.com   time to read: 1 min
Hurricane Beryl, which tore through Caribbean islands this week, became the earliest Category 5 hurricane ever recorded in the Atlantic. A Category 5 is the highest on the Saffir-Simpson scale, with sustained winds of 157 mph or greater. But it was only the second Category 5 to ever be recorded in the Atlantic in the month of July. The storm’s strength has been fed by abnormally warm ocean waters driven by planet-warming fossil fuel pollution. Here are some of the stories that made headlines over the past week, as well as some photos that caught our eye.
Persons: ” Jim Kossin Organizations: Hurricanes, Street Foundation, CNN Locations: Yucatan
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Davidson analysts touted Best Buy stock on Wednesday, listing artificial-intelligence-enabled PCs as a positive catalyst for the electronics retailer. 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, Eli Lilly, Jeff Marks, Davidson, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, New York Stock Exchange, Independence, Food and Drug Administration, Jefferies Locations: U.S, D.A
CNN —Travis Kelce has opened up about his surprise cameo during Taylor Swift’s Eras Tour stop in London. Kelce said Swift laughed, but then asked him, “Would you seriously be up for doing something like that?”“I was just like, ‘What? “There was no bike in case I ran into somebody else or hit one of the dancers or anything,” Kelce said. “That’s one of my favorite moves of all time!”All said, Kelce called it an “honor” being on the stage with Swift and her dancers. It was awesome.”“I didn’t disappoint Taylor, so that’s all that really matters,” he added, saying his only rule was “do not drop the baby.”“The golden rule was ‘Do not drop Taylor.
Persons: CNN — Travis Kelce, Taylor, Swift, Kelce, , I’ve, ’ ”, ” Kelce, Swift’s, Jim Carey, ” “, , Jason Kelce Organizations: CNN, Chiefs, New, Wembley, Department, London Locations: London
With President Biden under pressure to drop his bid for a second term, his party has been thrust into uncharted territory, struggling with a long list of risks and rewards as it faces the prospect of replacing Mr. Biden less than two months before the party convention. No presumptive nominee has withdrawn this late in the process. All of this has left Democrats struggling with critical questions: Is it easier to defeat Mr. Trump with or without Mr. Biden at the top of the ticket? Is it riskier to go with a new candidate or stick with a president who appears headed for defeat? On Wednesday, a New York Times/Siena College poll found that Mr. Trump’s lead over Mr. Biden among likely voters had grown to six percentage points after the president’s halting debate performance last week.
Persons: Biden, Donald J, Trump, Trump’s Organizations: Trump, New York Times, Siena College, Mr
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Lebenthal expects a September Fed cut, but says he's nervous about the economyThe Halftime traders Steve Weiss, Shannon Saccocia, Joe Terranova and Jim Lebenthal discuss the technical breakout for some of the 'Mag 7' stocks and the economy.
Persons: Jim Lebenthal, Steve Weiss, Shannon Saccocia, Joe Terranova
Related storiesA CNN poll released on Tuesday also found that Harris performed better than Biden in a hypothetical match-up with Trump. Hillary must be so mad — Mr. Chau (@Srirachachau) July 2, 2024For some newly minted Harris supporters, the feeling is genuine. Among them is Chi Ossé, a New York City Councilor who's called on Biden to drop out and posted a sizzle reel of Harris with the caption "coconut tree summer" on Wednesday. AdvertisementIn fact, many of the X users who are tweeting their support for Harris aren't exactly the vice president's biggest fans. You think you just fell out of a coconut tree?'"
Persons: , Kamala Harris, Joe Biden's, Biden, Harris, I’ve, — Carter Christensen, Jim Clyburn, Brandon, Kamala, Hillary, They've, Chi Ossé, who's, Harris aren't, They're Organizations: Service, Business, Democratic, Biden, CNN, Trump . Rep, South Carolina Democrat Locations: New York
U.S. President Joe Biden delivers remarks on the Middle East in the State Dining room at the White House in Washington, U.S., May 31, 2024. For likely voters, Trump led Biden by a slightly smaller 6-point margin, though that was 3 points higher than before the debate. The New York Times poll surveyed 1,532 registered voters across the country from June 28 to July 2. While Biden's campaign continues its blitz, pressure mounts for the president to consider bowing out of the 2024 race. In response, the White House and the Biden campaign have rolled out a slate of events for the coming week to reassure the public.
Persons: Joe Biden, Biden, Donald Trump, Kamala Harris, Nancy Pelosi, Chuck Schumer, Jim Clyburn, Hakeem Jeffries, Sen, Chris Coons, Earl Ingram, Andrea, Sanders, Karine Jean, Pierre, Trump, Pelosi, Clyburn, Lloyd Doggett, Jared Golden, Jean Organizations: White, White House, Democratic, NBC, Capitol Hill, Civic Media Network, WURD Radio, NBC News, Trump, New York Times, Siena, Biden, CNN, ABC, Democrat, ABC News, NATO Locations: Washington , U.S, D, U.S, Texas, Wisconsin, Pennsylvania
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Paulsen says the economy is unlikely to fall into recession anytime soonJim Paulsen, 'Paulsen Perspectives' author and former chief investment strategist for The Leuthold Group and Wells Capital Management, joins 'Squawk Box' to discuss his thoughts on current S&P 500 levels, why market liquidity doesn't feel organic, and more.
Persons: Jim Paulsen, Paulsen Organizations: Leuthold, Wells Capital Management
If Not President Biden, Then Who?
  + stars: | 2024-07-03 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +1 min
Plan B talks get louderThe Biden campaign’s attempts to soothe panicked Democrats and donors after the president’s calamitous debate appear to have cratered. One Democratic lawmaker has openly called on President Biden to withdraw from the race, while others are sharply criticizing his campaign’s response. And many party backers remain as nervous about sticking with him as they were last week — but also worry about the alternatives. The latest: Representative Lloyd Doggett of Texas became the first sitting Democrat to demand that Biden step aside. Democrats and foreign allies worry that Biden has increasingly seemed confused or listless, The Times reports.
Persons: Biden, Lloyd Doggett, Jim Clyburn, , ” Barack Obama Organizations: Biden, Democratic, South Carolina, The Washington Post, Times Locations: Texas, South, NewsNation
Manchester United today told staff that the club is intending to cut 250 jobs as new co-owner Sir Jim Ratcliffe continues his bid to slash costs at Old Trafford. All department and levels within the club will be impacted and the club says it will not include staff at their charitable arm, the Manchester United Foundation. What power does INEOS have over how Manchester United are run? Because it is a policy change, it would have been shared across the leaders of the football club but it was not something that needed board approval to be implemented. By Dan SheldonGO DEEPER Explained: INEOS' bid to cut non-football staff at Manchester United(Marc Atkins/Getty Images)
Persons: Sir Jim Ratcliffe, Jean, Claude Blanc, INEOS, , United’s Carrington, Glazer, Dave Brailsford, Ratcliffe, Richard Arnold, Patrick Stewart, John Murtough, Cliff Baty, Ellie Norman, Victoria Timpson, Snapdragon —, Dan Ashworth, Erik, Hag, Ashworth, Jason Wilcox, Omar Berrada, Blanc, Berrada, Sir Dave Brailsford, Brentford, Dan Sheldon, Marc Atkins Organizations: Manchester United, Interim, Interpath, Manchester United Foundation ., Old, United, Getty, FA, Athletic, Newcastle United, Manchester City, Team GB, Advisory, Premier League, UEFA, League, City Football Group Locations: Old Trafford, Manchester, London, INEOS, Ratcliffe, United, European, Brailsford
Pepsico 's price target was lowered to $190 from $200 at Cowen, which cited some weakness in salty snacks. Loops Capital raised its price target for off-price retailer TJX to $125 from $115. Lululemon 's price target was lowered to $470 from $505 at Baird, but kept its outperform rating. Pepsico 's price target was lowered to $190 from $200 at Cowen, which cited some weakness in salty snacks. Lululemon 's price target was lowered to $470 from $505 at Baird, but kept its outperform rating.
Persons: Tuesday's, depletions, Jefferies, Eli Lilly, Lululemon, Baird, BTIG, Dell, Amphenol, Jim Cramer's, Jim Cramer, Jim, John Thys Organizations: Constellation Brands, Pepsico, Cowen, Nike, MGM Resorts, Bank of America's, Jim Cramer's Charitable, CNBC, AFP, Getty Locations: Zeebrugge, Belgium
Constellation Brands reported an earnings beat on Wednesday that was driven by strength in its beer business. Constellation Brands Why we own it : We like Constellation Brands for its beer franchise, which includes popular Mexican brands Modelo, Corona and Pacifico. We would like Constellation to concentrate on beer and divest its wine and spirits business. We were again pleased to see that the increase in beer sales was driven by strong growth in shipment volume. Net sales are expected to increase 6% to 7%, driven by 7% to 9% growth in beer.
Persons: Bill Newlands, outperformance, Depletions, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Constellation Brands, Modelo, Anheuser, Busch Inbev, Molson Coors, Management, Modelo Especial, Modelo Chelada, Guidance Management, Enterprise, Jim Cramer's Charitable, CNBC Locations: Corona, Pacifico, Covid, U.S, San Rafael , California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s ‘Halftime Report’ traders weigh in on the Fed, economy and 'Mag 7' comebackThe Halftime traders Steve Weiss, Shannon Saccocia, Joe Terranova and Jim Lebenthal discuss the technical breakout for some of the 'Mag 7' stocks and the economy.
Persons: Steve Weiss, Shannon Saccocia, Joe Terranova, Jim Lebenthal
Paramount pops on reports of a merger deal with Skydance
  + stars: | 2024-07-03 | 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 EmailParamount pops on reports of a merger deal with SkydanceParamount pops on reports of a merger deal with Skydance. Shareholder Jim Lebenthal weighs in.
Persons: Jim Lebenthal Organizations: Paramount, Skydance
But health professionals are warning consumers not to take medical advice from the same companies trying to sell them food, supplements and other consumables. “People who are on (GLP-1 drugs) eat less calories. Daily Harvest, a meal kit service, has a GLP-1 food collection. In May it announced a new line of frozen meals called Vital Pursuit, pitching the brand to users of weight loss drugs. Some taking GLP-1 drugs have reported losing hair and muscle.
Persons: Ozempic, JP Morgan, , , Donny Kranson, GLP, Nestlé’s, Jorge Moreno, Jody Dushay, Tom Little, “ I’m, , 1nutrition.com, Atkins, Robert Atkins, Nestlé, Mark Schneider, Marie Callender’s, Slim Jim, Orville Redenbacher’s, Tom McGough, William Dietz Organizations: New, New York CNN, , Vontobel Asset Management, GNC, Nestlé, Visitors, Yale School of Medicine, Physicians, Harvard Medical School, Danone, Bloomberg, STOP, George Washington University Locations: New York, United States, Switzerland, Novo Nordisk's, Hillerod, Denmark, what’s, Conagra, GLP
U.S. Vice President Kamala Harris gives the commencement address at the commencement ceremony for graduates of the U.S. Air Force Academy in Colorado Springs, Colorado, U.S., May 30, 2024. There's also discussion among Harris confidants about the need to begin scheduling meetings for the vice president with some of the biggest donors in the Democratic Party if Biden drops out, these people explained. A White House spokeswoman for Harris and Biden campaign representatives did not return requests for comment. "To be clear, Vice President Harris is a badass. PredicIt, which allows people to make bets on political events, now puts the vice president in a close second to Biden.
Persons: Kamala Harris, Harris, Julie Chavez Rodriguez, Biden, Joe Biden, There's, Harris confidants, Donald Trump's, Bill Barr, Jeff Sessions, Brett Kavanaugh, Trump's, Kamala, Trump, Dmitri Mehlhorn, Reid Hoffman, Mark Kelly, Andy Beshear, Roy Cooper, Josh Shapiro, Andrew Bates, Susan Lowenberg's, there's, Lloyd Doggett, Nancy Pelosi, Jim Clyburn, Pelosi, PredicIt, PredictIt, Gavin Newsom Organizations: U.S . Air Force Academy, Commission, Democratic National Convention, Biden, Democratic, White, Democratic Party, Black, Ukraine, Trump, CNBC, New York Times, CNN, NBC News, San Francisco, Former, MSNBC, California Gov Locations: Colorado Springs , Colorado, U.S, Chicago, Germany, Iowa, California, San Francisco, Texas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailParamount rallies on news of reignited Skydance Media merger talksJim Stewart, New York Times columnist, joins 'Money Movers' to discuss Paramount and Skydance nearing merger deal and more.
Persons: Jim Stewart Organizations: Paramount, Skydance Media, Jim Stewart , New York Times Locations: Jim Stewart ,
Constellation Brands shares are getting a boost in pre-market trading Wednesday after reporting its first-quarter results. As we called out in our initial trade alert, Nextracker is a highly volatile name that is sensitive to interest rates and government policy. 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: Jim Cramer's, We've, Donald Trump, Jim Cramer, Jim Organizations: Constellation Brands, NXT, Constellation Beer, Susquehanna, Meta, Microsoft, Google, Jim Cramer's Charitable, CNBC Locations: Nextracker, United States
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