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The 12 core Investing Club portfolio stocks that we identified at our Annual Meeting in February are the 12 we still stand by. Wells Fargo Why we own it We bought Wells Fargo as a turnaround story under CEO Charlie Scharf. Why we own it GE Healthcare is the global leader in medical imaging, diagnostics, and digital solutions in health care. Fed interest rate cuts can also help hospitals finance the MRI and CT scan machines that GE Healthcare is known for. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Eli Lilly, Jim, Wells, Charlie Scharf, He's, Scharf, Wells Fargo, Lilly, Jim Cramer's Organizations: Apple, Costco, GE Healthcare, Linde, Microsoft, Nvidia, TJX Companies, Bank of America, Citigroup, GE, General Electric, Philips, Siemens, Jim Cramer's Charitable, CNBC Locations: Danaher, Eaton, Wells Fargo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMagellan Capital discusses the launch of a $700 million multi-strategy hedge fund in DubaiBritney Lam, head of long-short equities at the Dubai-based Magellan Capital Holdings, discusses the launch of a $700 million multi-strategy hedge fund set to be one of the largest debuts in the United Arab Emirates.
Persons: Dubai Britney Lam Organizations: Magellan Capital Holdings, United Locations: Dubai, United Arab Emirates
Here are Friday's biggest calls on Wall Street: Raymond James initiates Arm as outperform Raymond James said the semis company is well positioned for AI. Citi downgrades Capri Holdings to neutral from buy Citi said the risk/reward is more balanced for the owner of brands like Michael Kors. UBS reiterates Oracle as buy UBS raised its price target on the stock to $200 per share from $175. The feedback on Oracle's top-line growth was overall positive..." UBS reiterates PNC as buy UBS said the bank is a high conviction idea. " Citi resumes Eli Lilly as buy Citi resumed coverage of the stock and says it's well positioned.
Persons: Raymond James, Jefferies, SLG, CFRA, it's, datopotamab, Michael Kors, haven't, Morgan Stanley, EQT, Citi, Eli Lilly, Lilly, Tesla, BEV, Wells Organizations: Arm Holdings, ARM, Citi, Green, Kroger, Macquarie, Rio Tinto, Deutsche Bank, AstraZeneca, Deutsche, Capri Holdings, Barclays, Garmin, GM, BMO, GE, UBS, Oracle, Oracle's, PNC, JPMorgan, Netflix, JPMorgan downgrades Moderna, Nvidia, NVIDIA Locations: GenAI, New York, Rio, RIO, Las Vegas
Americans' net worth hit a record $163.8 trillion in Q2, driven by a surge in real estate and stock prices. Data from the Federal Reserve shows a nearly 2% increase In net worth from Q1, with real estate leading the gains. Record highs in Americans' net worth could drive a "wealth effect" that leads to the economy's continued resilience. AdvertisementNew data from the Federal Reserve reveals that Americans are the richest they've ever been. A $1.8 trillion increase in real estate valued and a $700 billion gain in stocks drove the increase.
Persons: , David Rosenberg, " Rosenberg, It's Organizations: Federal Reserve, Service, National, Census Locations: States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'I don't think that was the right decision.' Booking Holdings CEO on 'gatekeeper' label under EU lawBooking Holding's CEO Glenn Fogel told CNBC's Monica Pitrelli that he isn't against regulations, like the European Union's Digital Markets Act, but that he wants "rules to apply to everybody equally."
Persons: Glenn Fogel, CNBC's Monica Pitrelli Organizations: Booking Holdings, Union's
Handwritten notes from Justice Sandra Day O'Connor's papers on a major abortion case in 1989. The correspondence and notes foreshadow where O’Connor landed in the 1992 Planned Parenthood v. Casey case, when Justice Anthony Kennedy, hostile to Roe v. Wade in 1989, was ready to join O’Connor in upholding Roe. Accelerating the tensions all around was the time pressure of the Missouri case. O’Connor wrote that Kennedy said, “Roe is just flawed analytically” and that he wanted to “return this debate to democratic process” in the states. Library of CongressDraft opinion language from Justice John Paul Stevens he sent to Justice Sandra Day O'Connor.
Persons: Sandra O’Connor, eviscerate Roe, Wade, O’Connor, Roe, Antonin Scalia, William Rehnquist, Rehnquist, — Webster, Reproductive Health Services —, ” Rehnquist, Sandra Day, George H.W, Reagan, bristled, , Scalia, John Paul Stevens, Gerald Ford, Casey, Anthony Kennedy, Dobbs, Samuel Alito, Webster, Kennedy, “ Nino, ” Scalia, ” O’Connor, “ Roe, O’Connor’s, Roe “, Byron White, , Byron, Sandra, Nino, Tony …, White, Sandra Day O'Connor, Congress O’Connor, bemoaning, overruling Roe, ” Stevens, reexamine Roe, reconsidering Roe, Stevens, Stevens ’, inched, John . ”, , William Brennan, David Souter, Bush Organizations: CNN, Reproductive Health Services, Congress, Library, O’Connor, Stanford Law School, Roe, Chicago, Stevens, Kennedy Locations: Missouri, Roe, Bush, Ohio, Pennsylvania, Phoenix, Minnesota
It's also common to draw parallels between the dot-com bubble and today's hype, leading investors to wonder if there's an AI bubble that's about to pop, too. Goldman Sachs' big AI headline of the month is "To buy, or not to buy, that is the question." The note from September 5, led by Peter Oppenheimer, suggests the answer is "to buy" but also to diversify. And the third is the application providers, which are the companies creating services for end users to harness AI. It comes from machine learning or big data workloads that various companies and governments use, Belton noted.
Persons: , Goldman Sachs, Peter Oppenheimer, John Belton, doesn't, Brian Colello, Nancy Tengler, that's, it's, Tengler, Wall, Larry Ellison, Colello, Belton Organizations: Service, Business, Gabelli Funds, Morningstar Equity Research, Investments, Nvidia, Companies, Microsoft, Intel, Oracle, IBM, Broadcom, AMD, Cadence Design Systems, Google, AWS, Eaton Corporation Locations: GenAI, Belton
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. Jim Cramer said earlier Friday that Nvidia received a do-over from Wall Street . 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, Nvidia, Financials, Love, Lilly, Eli Lilly, Lilly's, haven't, that's, Jim Cramer's, Jim Organizations: CNBC, Tech, Nvidia, Broadcom, Wall, Federal, Energy, Citi, and Drug Administration, Fed, Market, Jim Cramer's Charitable Locations: Ireland, Kisunla, U.S, Europe
Oracle — The stock rose nearly 2% after the database software company raised its fiscal 2026 revenue outlook . Uber — Shares of the ride-sharing company advanced more than 5% following news that it plans to expand its partnership with Alphabet's Waymo . Adobe — Shares tumbled 9% after the software company issued weaker-than-expected guidance for the current quarter. Unity Software — Shares of the game engine company added nearly 7%. Discovery — Shares advanced about 9% after the media conglomerate entered an early renewal agreement with Charter Communications.
Persons: Kevin Clark, RH —, Gary Friedman, Alphabet's Waymo, Uber, Stifel, Biden, David Zaslav, , Jesse Pound, Sean Conlon, Samantha Subin, Hakyung Kim Organizations: JPMorgan, Oracle, Aptiv, — Stock, Adobe, Boeing, Unity, Holdings, PDD Holdings, Redfin Corporation, Federal Reserve, U.S, Home, Warner Bros, , Charter Communications, Discovery Locations: U.S, Austin , Texas, Atlanta, China
MicroStrategy shares jumped more than 8% on Friday after founder Michael Saylor said the company purchased another $1.1 billion worth of bitcoin. The stock jumped 24% for the week and is now up 124% this year. MicroStrategy's stash of 244,800 bitcoins is worth $14.6 billion. Founded in 1989, MicroStategy has a business in enterprise software and cloud-based services, but its value is now almost entirely tied to its bitcoin ownership, effectively making the company a proxy for the world's biggest cryptocurrency. It is the biggest corporate holder of the asset, according to Bitcoin Treasuries.
Persons: Michael Saylor, Saylor, MicroStategy, Bitcoin
The percentage is even higher among parents of kids and teens, the survey showed. Trip planning can involve an arduous slog through booking websites, star ratings, travel reviews and fine print — first to find what to book, then to find the best available price. Artificial intelligence is set to change this, with ChatGPT already proving that generative AI can provide itineraries and recommendations in a matter of seconds. But Booking Holdings CEO Glenn Fogel told CNBC Travel he wants to "go beyond" that. And using all the data we have, all we know about our customers, what they may want, trying to start that conversation."
Persons: ChatGPT, Glenn Fogel, Fogel, Organizations: CNBC Travel Locations: Naples, Italy
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: MongoDB is at the right price, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: CommScope Holdings, IONQ, Coterra, Garmin, and more.
Persons: Jim Cramer Organizations: CommScope Holdings, Garmin
Ajit Jain, Warren's Buffett's insurance chief and top executive, sold more than half of his stake in Berkshire Hathaway , a new regulatory filing showed. The 73-year-old vice chairman of insurance operations dumped 200 shares of Berkshire Class A shares on Monday at an average price of $695,418 per share for roughly $139 million. That left him holding just 61 shares, while family trusts established by himself and his spouse for the benefit of his descendants hold 55 shares and his nonprofit corporation, the Jain Foundation, owns 50 shares. Monday's sale represented 55% of his total stake in Berkshire. "This appears to be a signal that Ajit views Berkshire as being fully valued," said David Kass, a finance professor at the University of Maryland's Robert H. Smith School of Business.
Persons: Ajit Jain, Ajit, David Kass, University of Maryland's Robert H Organizations: Jain Foundation, Berkshire, University of Maryland's, Smith School of Business Locations: Berkshire Hathaway, Berkshire
Bitcoin will reach $125,000 by the year's end if Trump wins the election, Standard Chartered said. Bitcoin would reach $75,000 under Kamala Harris, as she is more open to crypto than president Biden, SC said. Under the self-branded "crypto president," bitcoin could reach $125,000 by the year's end, analyst Geoff Kendrick wrote on Thursday. If Harris wins the presidency, bitcoin will reach $75,000 by the end of the year, Kendrick estimates. Even if Trump wins, Kendrick tempered his prior outlook that bitcoin can reach $150,000 by the year's end.
Persons: Bitcoin, Kamala Harris, Biden, , bitcoin, Donald Trump, Geoff Kendrick, Trump, Gary Gensler, Kendrick, Joe Biden, Harris, Bernstein, Gautam Chhugani Organizations: Trump, Chartered, SC, Service, Securities and Exchange Commission, BTC, MicroStrategy, BlackRock's ETF, Democratic, Treasury
The latest weapon in the battle against cancer is showing promising results — and it's a growing opportunity for investors, according to Redburn Atlantic. To treat cancer, targeted radiopharmaceutical therapy directly goes after tumors with radiation by binding a radioactive particle to a targeting molecule. Delving into diagnostics There are also opportunities in the radiopharma diagnostics space, according to Redburn Atlantic. It has a "strong pipeline of radionuclides for both diagnosis and therapy," he said. "Lantheus benefits from its focus on this rapidly expanding market, with 78% of revenues from radiopharmaceuticals and related products," Ridley-Day added.
Persons: Ed Ridley, Eli Lilly, Myers, Ridley, Astra's, Lantheus Organizations: Big pharma, Novartis, Mariana Oncology, Biopharma, Myers Squibb, RayzeBio, AstraZeneca, Fusion Pharmaceuticals, GE Healthcare Technologies, Lantheus Holdings, GE Healthcare, GE Locations: Bristol, radiopharmaceuticals
A golden cross is a chart pattern in which a stock's 50-day moving average moves above its 200-day average. Given the more volatile backdrop, CNBC Pro screened FactSet for stocks that are forming or approaching a golden cross pattern. The health-care stock has a 50-day moving average of $103.31 and is approaching its 200-day moving average of $104.14. MarketAxess Holdings Meanwhile, the 50-day moving average of $230.11 for MarketAxess Holdings has already surpassed its 200-day moving average of $228.36, indicating possible future gains. Its 50-day moving average of $218.04 has also already passed its 200-day moving average of $215.18.
Persons: paring, Cardinal Health's Organizations: Dow Jones, Nasdaq, CNBC Pro, Health, Holdings, MarketAxess Holdings, SBA Communications SBA Communications, SBA Locations: Wednesday's
Alliance Bernstein is behind the AB US Low Volatility Equity ETF. For comparison, FactSet lists the top holdings for Invesco's Low Volatility ETF as stocks that are traditionally more stable: Berkshire-Hathaway , Coca-Cola and Visa . Archard notes there's still a place for historically less volatile stocks such as consumer staples and financials . For example, FactSet shows that Alliance Bernstein's low-volatility ETF also includes exposure in names including Procter & Gamble and Fiserv . The AB US Low Volatility ETF is up 16% so far this year as of Wednesday's close.
Persons: Bernstein, FactSet, Noel Archard, CNBC's, there's Organizations: Big Tech, Microsoft, Apple, Hathaway, Cola, Visa, Procter & Gamble Locations: Berkshire
A 7-Eleven convenience store, operated by Seven & i Holdings Co., in Kawasaki, Japan, on Monday, Aug. 19, 2024. The FTC was concerned that the companies' defense attorneys were advising them to get rid of documents linked to the potential merger ahead of antitrust investigations, Reuters reported. In June, the FTC and the Justice Department launched antitrust investigations into Microsoft, OpenAI and Nvidia. Other recent antitrust investigations include cases against Amazon and Google. Seven & i revealed that Couche-Tard had offered to acquire all outstanding shares of Seven & i for $14.86 per share.
Persons: Canada's Alimentation, Tard, Tokutaka Ito, O Shearman, Ito, — CNBC's Lim Hui Jie Organizations: Seven, Holdings Co, Holdings, U.S . Federal Trade Commission, Reuters, FTC, Justice Department, Microsoft, Nvidia, Amazon, Google, CNBC Locations: Kawasaki, Japan, Asia, .
KUALA LUMPUR, Malaysia Associated Press —Malaysian authorities on Wednesday rescued 402 children and arrested 171 suspects after raiding 20 welfare homes linked to an Islamic business group, in which children were exploited and sexually abused, the national police chief said. Police believed that Global Ikhwan exploited the children and used religious sentiments to collect donations, he said. Investigations showed that the children at the welfare homes belonged to members of the Global Ikhwan group, placed by their parents at the homes since they were infants, he said. The group recently also came under the radar of Islamic authorities amid claims that it was still involved with the deviant teachings of the Al-Arqam sect. Global Ikhwan, in a statement Wednesday, denied allegations that it exploited children and said that it would cooperate with authorities.
Persons: Police Razarudin Husain, , Razarudin, , Ashaari Mohamad, Al Arqam, Ashaari Organizations: Malaysia Associated Press, Malaysian, Wednesday, Police, Global Ikhwan Services, Business Holdings, Investigations, Global Locations: KUALA LUMPUR, Malaysia, Selangor, Negeri Sembilan, London, Paris, Australia, Dubai
CNBCWarren Buffett's Berkshire Hathaway offloaded another chunk of Bank of America shares, bringing its total sales to more than $7 billion since mid-July and reducing its stake to 11%. The latest action extended Berkshire's selling streak to 12 consecutive sessions, matching the 12 consecutive sessions from July 17 to Aug. 1. Berkshire has sold more than 174.7 million shares of the Charlotte-based bank for $7.2 billion, with 858.2 million shares remaining, or 11.1% of shares outstanding. BofA CEO Brian Moynihan made a rare comment about Berkshire's sales Tuesday, saying he has no knowledge of Buffett's motivation for selling. Stock Chart Icon Stock chart icon Bank of America
Persons: Warren Buffett, Berkshire Hathaway, BofA, Moynihan, Buffett Buffett, Brian Moynihan Organizations: Berkshire, CNBC Warren, of America, Apple, American Express, Oracle, Barclays Global Financial Services, Bank of America Locations: Omaha , Nebraska, Omaha, Berkshire, Charlotte, BofA
Trump Media & Technology – Shares slid more than 11% in the wake of the debate between Republican nominee Donald Trump and Democratic Vice President Kamala Harris . Dave & Buster's – The entertainment stock popped more than 13% after topping earnings estimates for the recent quarter by 15 cents a share. GameStop – The video game retailer's shares plunged more than 10% in premarket trading after the company reported a steep decline in sales. GameStop also announced an "at-the-market" stock offering of up to 20 million shares. Morgan Stanley – Shares of the major bank were down more than 1% after Goldman Sachs downgraded the stock to neutral from buy.
Persons: Donald Trump, Kamala Harris, Rentokil, Rollins, Dave, Buster's, Jefferies, Stocks, Coinbase, MicroStrategy, MARA, Morgan Stanley –, Goldman Sachs, Goldman, Morgan Stanley, , Alex Harring, Samantha Subin, Jesse Pound, Yun Li, Sarah Min, Tanaya Macheel, Michelle Fox Organizations: Trump Media & Technology, Republican, Democratic, Trump Media, GameStop, Williams, Sonoma, Jefferies, Novartis – U.S, Bank of America, Novartis, Viking Therapeutics, JPMorgan, MARA Holdings Locations: North America, Swiss, Japan
Don't get caught up in the debate on large-cap versus small-cap stocks — the real Goldilocks opportunity lies in mid-cap stocks, according to Goldman Sachs. "Today, mid-cap equities offer investors superior earnings growth at a reasonable price compared with large-caps," Ma wrote in a Tuesday note. "Mid-cap stocks have typically outperformed both large-caps and small-caps during the 12 months following the first Fed rate cut in an easing cycle," she added. In addition, mid-caps have "stronger fundamentals" compared with small-cap names, Ma noted. Here are some of Ma's favorite mid-cap names that are both high quality with potential to grow.
Persons: Goldman Sachs, Russell, Jenny Ma, Ma, Ma's Organizations: Neurocrine Biosciences, BioMarin Pharmaceutical
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'It will come.' Booking Holdings CEO Glenn Fogel on how travelers will book trips in the futureRather than travelers sitting down to plan trips, "I want us to be going to the traveler" with recommendations based on travelers' prior trips, Booking.com's CEO Glenn Fogel told CNBC's Monica Pitrelli.
Persons: Glenn Fogel, CNBC's Monica Pitrelli Organizations: Booking Holdings
Stagecoach Group, a UK-based travel company, first launched Megabus in the UK in 2003 and then brought it to the US in 2006. Along with Greyhound, Megabus became one of the two mega-carriers in the United States. The intercity bus industry is not in complete disarray, but things are not going great there. Bus industry insiders also note that they're often treated as an afterthought by policymakers even though they carry tens of millions of people each year. He emphasized that bus travel can be environmentally sustainable, too, compared to everyone driving their own cars or flying.
Persons: Megabus, Andrew Savikas, Peter Pan, John Stepovy, FlixBus, Joseph Schwieterman, Schwieterman, hadn't, Scott Michael, it's, Michael, Kai Boysan, BoltBus, Fred Ferguson, who's, Ferguson, It's, They've, They're, I'd, Wanderu, Stepovy, Emily Stewart Organizations: Coach USA, Equity, USA, Stagecoach Group, Greyhound, North America, DePaul University, Stagecoach, Fullington Trailways, US, United Motorcoach Association, FlixMobility, Flix, American Bus Association, Lake Holdings, Alden Global Capital, Atlantic City, Day, Labor, Business Locations: Los Angeles, Chinatown, Busbud, United States, Asia, Flix North America, Wanderu, Philadelphia, Dallas, Chicago, Cleveland, Boston, New York, FlixBus
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. 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. 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.
Persons: Jim Cramer, Jensen Huang, Goldman Sachs, Vimal Kapur, Morgan, Kapur, We've, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Club, Nvidia, Broadcom, Nvidia's, Technology Conference, Honeywell, Laguna Conference, Signet Jewelers, Jim Cramer's Charitable Locations: Kroger
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