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Cramer's Lightning Round: Don't sell Match Group
  + stars: | 2024-07-16 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
Stock Chart Icon Stock chart icon Fortinet's year-to-date stock performance. Stock Chart Icon Stock chart icon Sarepta Therapeutics' year-to-date stock performance. Stock Chart Icon Stock chart icon Toast's year-to-date stock performance. Stock Chart Icon Stock chart icon Teva Pharmaceutical's year-to-date stock performance. Stock Chart Icon Stock chart icon Viking Holdings' year-to-date stock performance.
Persons: Palo, Linde's, you've, You've, there's, Teva, Eli Lilly, Jim Cramer's Organizations: Charitable Trust, Products, Air Products, Therapeutics, Sarepta Therapeutics, BJ's Wholesale, Costco, ., Teva, Viking Holdings, Royal Locations: Palo Alto, Linde, Royal Caribbean
Read previewSen. JD Vance of Ohio has come a long way since graduating from Yale Law School in 2013. AdvertisementThe Marine veteran enrolled at Yale Law School in 2010 after graduating from Ohio State University. In his 2016 memoir "Hillbilly Elegy," Vance likened his year at the Ivy League institution to attending a kind of "nerd Hollywood." Vance's bestselling memoir "Hillbilly Elegy" wouldn't have existed without Chua's helpJD Vance released his memoir "Hillbilly Elegy" in 2016. In the "Acknowledgments" section of "Hillbilly Elegy," Vance thanked both Bennett and Chua for their support.
Persons: , Sen, JD Vance, Donald Trump, JD, Trump, Vance, Peter Thiel, Thiel, Amy Chua, Chua, Chua's, Amy Chua's, Bill Tompkins, Tina Bennett, Bennett, Tina, Tom Brokaw, Chua JD Vance, Usha Chilukuri, Anna Moneymaker, he'd, Usha, Chilukuri, America's Hitler, I'm, Trump's, J.D, @JDVance1, Brett Kavanaugh, Edward Luce Organizations: Service, Yale Law School, America, Business, Ohio State University, Ivy League, Yale, Harvard, Duke Law School, Getty, Trump, Supreme, Financial Times Locations: Ohio, United States of America
To make sure you can continue to access your account, the agency is urging you to log in, particularly if you created your online " my Social Security " account before Sept. 18, 2021. These account holders will soon have to transition to a Login.gov account to access online Social Security services. The average speed to answer those calls was about 36 minutes in the second quarter, according to the Social Security Administration. A confirmation will appear once the account has been successfully linked, allowing access to my Social Security accounts and other services. Some regret the decisionLower inflation points to smaller 2025 Social Security COLALegitimate Social Security web links will always begin with "https://" and end with ".gov/."
Persons: Zers Organizations: Social Security, Social Security Administration, Social, Finance, Security
Shares of Hims & Hers (HIMS) , a digital consumer-facing health-care company, look poised to break out to a new all time high, according to the charts. HIMS announced in May a controversial weight loss injection product to compete with Lilly's Ozempic and Novo Nordisk's Wegovy. HIMS is not only marketing weight loss drugs, it has over one million subscribers using a wide variety of treatments. It's no secret that the total addressable market for weight loss drugs is gigantic. he volume was massive that day at over 70 million shares traded with average daily volume at round 18 million.
Persons: Howard Marks, HIMS, Lilly's, We've, Goldman Sachs, Eli Lilly's, Todd Gordon, Gordon Organizations: Capital Management, Novo Nordisk's Wegovy, Edge, Inside Edge, CNBC, NBC UNIVERSAL
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: DAL, Katie Stockton Organizations: Delta Air Lines, DAL, DeMARK, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities
For Nvidia CEO Jensen Huang, being almost the only game in town for AI chips isn't enough. AdvertisementThe company also runs Nvidia Inception, an incubator and venture network that counts more than 20,000 early-stage companies among its membership. "I think it's crazy," said another founder whose company received investment from NVentures, who spoke on condition of anonymity. Any company trying to do anything major in AI has spent the past two years buying them by the truckload. AdvertisementHe says he's received personal calls from Huang in which the Nvidia CEO weighs in on company decisions or expresses disapproval of his public statements.
Persons: Jensen Huang, Chris Brown, Brown, Huang, Vishal Bhagwati, Sid Siddeek, Jensen, Umesh, Padval, Uber, Nvidia's, Lisa Su, he's, there's Organizations: Service, Nvidia, Business, Corporate, Cohere's, Google, AMD Locations: Silicon Valley, New York, NVentures, OpenAI
Trying to get a better look at an immigration statistics chart might have saved Donald Trump's life. Trump told an ally that if he hadn't tilted his head, he might have been shot, per The New York Times. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer President Donald Trump might have lost his life on Saturday if he hadn't tilted his head to look at an immigration statistics chart.
Persons: Donald Trump's, Trump, , Donald Trump Organizations: New York Times, Service, Secret Service, Business Locations: Pennsylvania
A Business Insider analysis reveals the household income needed to be middle class in major US cities. Some parts of the Bay Area require over $100,000 to even be considered middle class. AdvertisementMost Americans consider themselves middle class, but in reality, the cutoffs are more limiting. This chart shows exactly how much it takes in each major US city to be considered upper, middle, and lower class. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: West, Service, Business Locations: Bay
Tesla 's massive rally might soon run out of steam, Wells Fargo warned investors in a new note. Analyst Colin Langan reiterated his underweight rating on the electric vehicle manufacturer, contrasting with Wall Street's bullish sentiment. TSLA YTD mountain TSLA YTD chart Langan attributed the rally to temporary optimism driven by better deliveries, the approval of Elon Musk's compensation package , hype around Tesla's robotaxi and technical factors. Retail interest likely surged in recent months, while professional investors took the opportunity to cover short positions or raise underweight holdings. "The stock rose ~40% (S & P +4%) over the last month, mostly driven by 'razzle-dazzle' headlines as most fundamentals remain weak," Langan wrote in a report entitled, "Will retail puppy love last?"
Persons: Tesla, Wells, Colin Langan, Langan, Elon, CNBC's Michael Bloom Organizations: Tesla
If enacted, Project 2025 would bring major changes to Americans' finances. "As we've been saying for more than two years now, Project 2025 does not speak for any candidate or campaign," a spokesperson from Project 2025 said in a statement. "We are a coalition of more than 110 conservative groups advocating policy and personnel recommendations for the next conservative president." "But it is ultimately up to that president, who we believe will be President Trump, to decide which recommendations to implement," the organization said. While some of the changes proposed in Project 2025 could happen via executive action, many would need congressional approval, which could prove difficult in a divided government.
Persons: Donald Trump, Trump, Joe Biden, Biden, Zers, we've Organizations: Heritage Foundation, Trump, Finance, America Locations: Philadelphia
This week Taylor Swift sets a personal chart record with her album “The Tortured Poets Department” after fending off the latest challenger: the singer-songwriter Zach Bryan. 1, “Tortured Poets” is now the longest-running chart-topper of Swift’s career, exceeding the 11-week totals she had for “Fearless” (2008) and “1989” (2014). 1, and is just shy of Stevie Wonder’s 13 for “Songs in the Key of Life” in 1976 and 1977. In its most recent week out, “Tortured Poets” had the equivalent of 163,000 sales in the United States, including 95 million streams and 90,000 copies sold as a complete package, according to the tracking service Luminate. Since its release in April, the full 31-track album has logged three billion streams and had the equivalent of just under five million sales in the United States.
Persons: Taylor Swift, Zach Bryan, , Morgan Wallen’s, Swift, , Whitney, Whitney ”, Stevie Wonder’s Organizations: Department Locations: United States
Stock Chart Icon Stock chart icon Arista Networks' year-to-date stock performance. Jayshree Ullal is an amazing businessperson, and I think it's a fantastic stock." Stock Chart Icon Stock chart icon Starwood Property Trust's year-to-date stock performance. Stock Chart Icon Stock chart icon John Deere's year-to-date stock performance. Stock Chart Icon Stock chart icon NIO's year-to-date stock performance.
Persons: John Deere's, John Deere Organizations: Arista Networks, Starwood, Starwood Property
Forty-three seconds after the first shot was fired, a Secret Service agent said the shooter was down. Republican presidential candidate former President Donald Trump is covered by U.S. Secret Service agents at a campaign rally on July 13, 2024, in Butler, Pennsylvania. McCormick was whisked into the venue through a private entrance manned by members of the Secret Service. “This is a big crowd — this is a big, big, beautiful crowd,” Trump said at the start of his speech. Anna Moneymaker/Getty ImagesCrooks had climbed onto the flat rooftop of a light beige, single-story commercial building roughly 150 yards to the north of the rally stage.
Persons: Donald Trump’s, Thomas Matthew Crooks, Trump, John Hinckley Jr, Ronald Reagan, It’s, Joe Biden’s, Donald Trump, Evan Vucci, Butler –, braving, , , Dave McCormick, McCormick, , Crooks, Butler County Sheriff Michael T, Slupe, Crook, ’ Trump, Lee Greenwood’s, Greenwood’s “, Trump’s, Joe You’re, ” Trump, Biden, “ We’re, BUTLER, Donald Trump's, Anna Moneymaker, Ben Macer, ” Macer, , Gene J, what’re, let’s, we’ve, rallygoers, Joseph Meyn, Meyn, ” Meyn, Rico Elmore, Elmore didn’t, ” “, Corey Comperatore, Josh Shapiro, Comperatore, “ Corey, Corey, Cory, ” Shapiro, Donald, ” Biden, he’s Organizations: CNN, Trump, FBI, Secret, Secret Service, Republican National Convention, Republican, Milwaukee ., Service, Butler County Sheriff, Pennsylvania, GOP Pennsylvania Senate, KDKA, Police, Agents, Army, Investigators, Democratic Pennsylvania Gov Locations: Butler , Pennsylvania, Butler, Pittsburgh, Milwaukee, Pennsylvania, magnetometers, Butler County, American, BUTLER , PENNSYLVANIA, Trump, Grove City, Rehoboth Beach , Delaware, Rehoboth, America
Here are the four charts that show why Lee is so bullish on the stock market. AdvertisementHere are the four charts Lee shared with Business Insider that show why the already upbeat forecaster is so bullish on the stock market. Stock market peaks and demographicsFundstratThe stock market has a history of peaking right around the same time a population hits its peak prime age of around 50 years old, as they are closer to retirement and often spend less money. Fast-forward to 1974, when the silent generation saw its prime age peak. This occurred around the same time as a painful stock market correction of about 35% that lasted years.
Persons: Fundstrat's Tom Lee, Lee, , Tom Lee, millennials Fundstrat Lee Organizations: Service, Business, CNBC, Urban Institute, Tech Locations: America
Mr. Trump was rushed off the stage, blood visible around his right ear. The Secret Service said its personnel had killed the shooter. Secret Service agents then rushed Mr. Trump off the stage. Mr. Trump had been showing supporters a chart about the number of border crossings just minutes into his speech when the shots rang out. President Biden, in a nationally televised statement, expressed gratitude that Mr. Trump had been swiftly evacuated and said “There’s no place in America for this kind of violence.” He later spoke to Mr. Trump, according to the White House.
Persons: Donald J, Trump, Mr, Donald Trump, ” Kevin Rojek, Thomas Matthew Crooks, , , we’ve, Doug Mills, , Michael T, Sheriff Slupe, Dan Laurent, Biden, Barack Obama, Mitch McConnell, Benjamin Netanyahu, Israel, Keir Starmer Organizations: Secret, Service, Federal Bureau of, Police Department, The New York Times, Rally Former, Secret Service, , U.S.A, Credit, New York Times, Republican National Committee, Republican, of Alcohol, Tobacco, Firearms, Explosives, Allegheny General Hospital, Trump, Democrat, Locations: Butler, Pa, Bethel Park, New Jersey, Milwaukee, Butler County, Allegheny, Pittsburgh, United States, America, Kentucky
Read previewJohn Rodrigues works a full-time 9-to-5 job as an associate manager in operations at PGIM, Prudential's investment management arm. And vice versa, if the index is high, it signals high volatility and fearful investors, indicating that the market may be reaching a low. Here, he can see different metrics for stocks, allowing him to watch for signals he likes to trade on. He also looks at the stock's day's volume; if it rises above 25% of its 50-day volume, it's another likely trade. But perhaps one of the best signals that a breakout is about to really outperform the market is those with very high volume relative to the past two years.
Persons: , John Rodrigues, doesn't, Bob Brinker, Brinker, Rodrigues, Norman Zadeh, " Rodrigues Organizations: Service, New York Stock Exchange, Business, Companies, Nasdaq, Investors Intelligence, IBD, Micro Locations: PGIM, Chicago
Experts hold drastically different views, creating a new hot-button topic that will continue to be debated up until the election in November. The camp staunchly opposed to Trump's policiesThe base argument against Trump's fiscal platform is that tariffs are, by nature, inflationary. AdvertisementIn a recent op-ed for the Financial Times, he cited the "benign" impact Trump's first-term tariffs had on the US economy. Looking ahead to a new term, Yardeni thinks Trump's most extreme pursuits will likely be watered down by Congress. AdvertisementRepublican donor Kyle Bass — who serves as the chief investment officer of Hayman Capital Management — has taken a different tact in his support of Trump's fiscal agenda.
Persons: , Donald Trump, Trump's, Trump, he's, David Kelly, Larry Summers, Paul Krugman, Goldman Sachs, Ed Yardeni, Yardeni, Steve Eisman, Kyle Bass —, Hayman Capital Management —, Joseph Stiglitz, Biden Organizations: Service, Donald Trump White House, Business, Trump, House Republicans, Foundation, New York Times, Peterson Institute, Yardeni Research, Financial Times, Congress, CNBC, Hayman Capital Management, Oxford Economics Locations: China, It's
Last Thursday, 87% of S & P 500 stocks outperformed the index itself, which Goldman Sachs called "the most in the history of our data set." Its total gain of 57%, measured by the S & P 500, is almost exactly half the post-1929 average too. For good measure, this year the S & P 500 has posted the best-ever start to a presidential election year. Arguably something close to it is already priced in to a considerable degree, with the S & P 500 pushing 22-times forward earnings again. The elevated sentiment backdrop is par for the course for a bull market, but sometimes associated with pauses or pullbacks.
Persons: Goldman Sachs, Russell, it's, It's Organizations: Strategas, New York Stock Exchange, CPI, Federal, Big Tech, Nasdaq, Fidelity Investments, Federal Reserve, Treasury Locations: superlatives, Bull
Hugo Swart, formerly Qualcomm's head of XR, joined Google's AR group in April to lead ecosystem strategy and partner relationships. Related storiesMark Lucovsky, a senior director on Google's AR software, left last July, citing "changes in AR leadership and Google's unstable commitment and vision" to the product. "Doing anything first-party is a challenge relationship-wise," said a former Google AR team member. There is internal speculation that Samsung will be the first to also build glasses with Google's AR software, according to two employees familiar with the matter. Without a device of its own and with its AR software still in development, Google now finds itself on the back foot.
Persons: , Google, it's, Sergey Brin, Rick Osterloh, Ramin Talaie, Shahram Izadi, HoloLens, Hugo Swart, Swart, reshuffles, Jeffrey Margolis, Mark Lucovsky, Paul Greco, Barry, Betty, Harriet Google, Harriet, Said Bakadir, Iris, Apple, Kim Kulish, Meta, Anshel Sag Organizations: Service, Astra, Business, Google, Samsung, Tech, Getty, Android, Google's, Microsoft, Meta, XR, Qualcomm, Samsung Unpacked, Samsung Google, Vision, Lenovo, Moor Locations: hughlangley
NRA lawyers pointed to his sudden, mid-trial resignation as welcomed proof of a "course correction." New York Attorney General Letitia James wants Wayne LaPierre barred from resuming any financial role at the NRA. The NRA also hasn't ruled out the possibility of paying for LaPierre's continued legal fees, James' lawyers said. Despite leaving these millions of dollars in LaPierre repayments on the table, NRA lawyers are arguing that they are hemorrhaging money. For the NRA, James is asking Cohen to appoint an independent monitor who would audit and oversee the association to ensure donor money is safe.
Persons: , Wayne LaPierre, LaPierre, Letitia James, James, Kent Correll, Correll, It's, Wilson, Woody, Phillips, Joel Cohen, what's, John Frazer —, LaPierre's, hasn't, Scott Nichols, Cohen, Jonny Frank, Charles Cotton, Douglas, Nick Suplina Organizations: Service, National Rifle Association, Business, NRA, New York, New, Brady United, Gun Safety Locations: New York, , Manhattan, That's, United States
Physical goods have accounted for much of the deflation over the past year, according to economists. Outside of supply-demand dynamics, the U.S. dollar's strength relative to other global currencies has also helped rein in prices for goods, economists said. However, a shift toward higher tariffs and less free trade could serve to push up goods prices "quite significantly," she added. Why there's been deflation for food, travel, electronicsPrices have also declined for items including food, travel and electronics. Travelers have seen deflation for airline fares (prices are down 5.1% annually) amid factors like an increased volume of available seats.
Persons: Olivia Cross, Cross Organizations: Getty, Capital Economics, U.S, AAA, Travelers Locations: U.S, North America, China
Listening to the album's lead single, "Woman's World," I have to assume it's a portal to the past. In the music video for "Woman's World," Perry's visuals are clearly meant to be tongue-in-cheek. Five people are credited as songwriters for "What Makes a Woman," but none overlap with the six writers credited for "Woman's World." She wanted Dr. Luke and all the baggage he brings; all four other songwriters on "Woman's World" are Dr. Luke collaborators or signees. Perry's 'Woman's World' proves she's stuck in a sound of the pastSurely Perry knew she'd face backlash — and for what?
Persons: , Katy Perry, Rosie the, she's, indiscreet, It's, Perry, Dr, Luke, Perry's, Perry hadn't, Kesha, James Devaney, Luke countersued Kesha, he's, who's, Loctor Duke, Doja, Nicki Minaj's, Kim Petras, Perry isn't, Katy Perry's, Jack Antonoff, SG Lewis, Zedd, Katy, she'd, Hillary Clinton Organizations: Service, Business, New York, Court, Tyson Trax, Loctor, Capitol Records, Stone Locations: traipsing, Perry's, California
Seemingly overnight, Elena Ferrante — or rather, the novelist writing as Elena Ferrante — found worldwide acclaim. Her novels were everywhere: You couldn’t swing a tote bag without spotting one of her pastel-hued paperbacks on the subway, at the beach, in the airport. The four novels that make up the Neapolitan quartet rocketed her to fame. Readers appreciated the nuanced relationship between the main characters, Lenù and Lila, a delicate mixture of love, jealousy and abiding loyalty. Critics zeroed in on Ferrante’s intimate attention to women’s lives, both in the Neapolitan novels and in her other books, which many writers of her generation had not considered subjects of literary merit.
Persons: Elena Ferrante —, , Readers, Lila, Critics Locations: Naples, Italy
Chart of the Day: Delta Airlines
  + stars: | 2024-07-11 | 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 EmailChart of the Day: Delta AirlinesJim Lebenthal, chief equity strategist at Cerity Partners, joins CNBC's "Halftime Report" to discuss his latest strategy with Delta, sinking today on weak guidance.
Persons: Delta Airlines Jim Lebenthal Organizations: Delta Airlines, Cerity Partners
They also generally like to examine "core" inflation readings. The monthly core CPI reading was 0.1% in June, the smallest increase in about three years, since August 2021. Shelter inflation has moderated much slower than expected, one of the big reasons inflation hasn't yet fallen back to target, economists said. There were encouraging signals in the latest CPI report: Monthly shelter inflation dropped to 0.2% after being stuck at 0.4% for four consecutive months. Services inflation is the trouble spotInflation for physical goods spiked as the U.S. economy reopened in 2021.
Persons: David Paul Morris, Mark Zandi, Zandi, Sarah House, Aubrey George, George, Joe Seydl, Olivia Cross Organizations: Bloomberg, Getty, U.S . Labor Department, Moody's, Wells, Wells Fargo Economics, U.S . Federal Reserve, CPI, Housing, of Labor Statistics, Morgan Private Bank, Capital Economics, BLS Locations: U.S, Wells Fargo, North America
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