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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. Debating P & G: We remain torn over traditional slowdown stocks like Procter & Gamble and other defensive consumer stocks. 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, we're, Morgan Stanley, Wells, Wells Fargo, It's, we've, Hock Tan, Rene Haas, Jim Cramer's, Jim, Charlie Scharf, Patrick T, Fallon Organizations: CNBC, Apple, Apple Intelligence, Micron, Currency, Procter, Gamble, Colgate, Palmolive, Broadcom, Arm, Jim Cramer's Charitable, Milken Institute Global Conference, Afp, Getty Locations: stock's, Wells Fargo, Beverly Hills , California
In a Monday interview with CNBC's Jim Cramer, Broadcom CEO Hock Tan detailed why the semiconductor company hiked up its guidance for artificial intelligence revenue during its earnings report earlier this month, saying huge enterprises are invested in the products. "We are in a segment of the market in AI where we are addressing several hyperscalers," he said. "And these hyperscalers have very strong incentive, ambition to towards building continually, investing in large language models to basically create models that are smarter and smarter." According to Tan, the AI boom is far from over, as some investors fear. Tan claimed that Broadcom has suffered from a "typical hangover" that comes with the upcycle the company saw during Covid.
Persons: CNBC's Jim Cramer, Hock Tan, Tan Organizations: Broadcom, Big Tech
Donald Trump survived what appears to be a second assassination attempt on Sunday. Elon Musk then posted on X, asking why there have been no assassination attempts on Biden or Harris. Go to newsletter preferences Thanks for signing up! In a now-deleted post, Musk questioned why there have been no assassination attempts on President Joe Biden or Vice President Kamala Harris. The FBI is now probing what it says appears to be a second attempted assassination of Trump.
Persons: Donald Trump, Elon Musk, Harris, Musk, , Elon, Joe Biden, Kamala Harris, Trump Organizations: Biden, Service, FBI Locations: Trump's, West Palm Beach , Florida
Meanwhile, Swift's boyfriend Travis Kelce is a fan of Tesla's Cybertruck and wants to get a Cyberquad. Go to newsletter preferences Thanks for signing up! AdvertisementElon Musk might not be Taylor Swift's biggest fan right now, but her boyfriend Travis Kelce sure likes Musk's Cybertrucks. Travis and his brother Jason talked about Tesla's electric pickup truck during the latest episode of their podcast, "New Heights" which aired on Wednesday. Jason, who owns a Cybertruck himself, said he got a "little nervous" when he took the vehicle to the carwash.
Persons: Elon Musk, Taylor Swift, Kamala Harris, Travis Kelce, Cybertruck, Kelce, , Elon, Taylor, Musk's Cybertrucks, Travis, Jason Organizations: Service
Senate Finance Committee Chair Ron Wyden threw shade at Republican presidential nominee Donald Trump on Friday over Trump's latest campaign promise: to eliminate income taxes on overtime pay. "Donald Trump is losing, and these tax proposals he's floating out of desperation are as fake as his tan," Wyden said in a statement. The Oregon Democrat who leads the Senate tax writing panel said the former president "knows Republicans in Congress have no intention of passing this stuff." Trump campaign spokesman Steven Cheung fired back at Wyden, telling CNBC the senator "shouldn't be disrespecting hard-working Americans and taking money out of their pockets." "But it's not surprising coming from a loser like Wyden who has a history of persecuting everyday Americans," Cheung added.
Persons: Ron Wyden, Donald Trump, Trump's, Wyden, Trump, Steven Cheung, shouldn't, it's, Cheung Organizations: Republican, Oregon Democrat, Congress, Wyden, CNBC
Mark Cuban says he doesn't hate Donald Trump. The "Shark Tank" star endorsed Kamala Harris and has been a vocal critic of Trump's policies. I just think he was and would be a lousy president," Cuban said. AdvertisementMark Cuban is backing Vice President Kamala Harris this election, but the billionaire says he doesn't hate her opponent, former President Donald Trump. The "Shark Tank" star has been a vocal critic of the Republican nominee's candidacy and policies.
Persons: Mark Cuban, Donald Trump, Kamala Harris, , Trump Organizations: Service, Republican, Cuban, Business Locations: Cuban
Investors are ignoring two major risks to the market, according to Vahan Janjigian, chief investment officer at Greenwich Wealth Management. Geopolitical tensions and weak oil prices are the second risk, Janjigian said. He has been "surprised" that the Russia-Ukraine war, the Israel-Hamas conflict and weak oil prices haven't elicited a bigger reaction from the market. The International Energy Agency said in its recently monthly reports that global oil demand has been decelerating , adding that oil consumption in China — long the "engine of global oil demand growth" — contracted in April and May this year. In June, it added that Chinese oil demand contracted for a third consecutive month , driven by a slump in industrial activity.
Persons: Vahan Janjigian, CNBC's, Janjigian, , Pfizer —, he's Organizations: Greenwich Wealth Management, U.S, International Energy Agency, IEA, IBM, Verizon, Pfizer, FactSet, Nvidia Locations: U.S, United States, U.S . Federal, Russia, Ukraine, Israel, China
China may be delaying economic stimulus ahead of the US election, economist Rory Green says. Beijing is cautious due to potential Trump tariffs, which could impact growth in 2025. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChina may be holding back on economic stimulus ahead of the US presidential election, an economist wrote on Thursday. This is because Beijing is keeping its powder dry in case Republican candidate Donald Trump wins in the November polls, wrote Rory Green, the chief China economist at GlobalData.TS Lombard.
Persons: Rory Green, , Donald Trump, Trump Organizations: Service, GlobalData.TS Lombard, Business Locations: China, Beijing, GlobalData.TS
Pyrocumulus clouds form over intense heat sources, like raging wildfires or volcano eruptions. Satellite imagery captures the Line Fire's pyrocumulus clouds on Monday, September 9, 2024. Massive pyrocumulus clouds bubbled up above the raging Line Fire, sending plenty of smoke and ash thousands of feet into the air. Pyrocumulus clouds form from the Line Fire in Southern California on Monday, September 9, 2024. NASALater in the day, the Line Fire’s pyrocumulus clouds eventually morphed into pyrocumulonimbus which produced lightning and rain, according to NASA.
Persons: chaotically Organizations: CNN, NASA, United States Geological Survey, cumulus Locations: Southern California
"I want to thank beautiful Brittany Mahomes for so strongly defending me," Trump wrote in a Truth Social post on September 4. And on Wednesday, Trump called Brittany Mahomes a "big MAGA fan" during an interview with the Fox News' morning show, "'Fox & Friends." I was not a Taylor Swift fan," Trump said on Wednesday. Trump reacts to Taylor Swift endorsing Kamala Harris: "Well, I actually like Mrs. Mahomes much better ... I was not a Taylor Swift fan ... she'll probably pay a price for it in the marketplace."
Persons: , Patrick Mahomes, I've, Mahomes, It's, Donald Trump, Brittany Mahomes hasn't, Trump, hasn't, Brittany Mahomes, Brittany, Taylor Swift's, Kamala Harris, Taylor Swift, Taylor, she'll, J9Nk56nhEB — philip lewis, Swift, Travis Kelce, Harris didn't Organizations: Service, Kansas City Chiefs, Business, Fox News, Fox &, Chiefs, Representatives, Trump Locations: Brittany
I remembered meeting up with friends who didn't work in the industry. AdvertisementLeaving BlackRock for the startup worldI took an 80% pay cut when I quit my job at BlackRock to join Style Theory, a fashion rental startup. Ong took an 80% pay cut when she left BlackRock for Style Theory. One thing that Style Theory offered me was the huge amount of autonomy I had as an employee. After leaving Style Theory, I moved to Singapore just a few months before the COVID-19 pandemic hit.
Persons: , Jennifer Ong, BlackRock, Ong, Jennifer, I'd Organizations: Service, BlackRock, Business Locations: Singapore
CNBC's Jim Cramer on Thursday listed the CEOs he trusts even when the market doesn't, primarily naming executives from top tech companies. Cramer said investors shouldn't doubt solid companies every time a negative data point surfaces. Cramer said he's giving Amazon 's Andy Jassy, Broadcom 's Hock Tan and Nvidia 's Jensen Huang "the benefit of the doubt." Tech stocks can be hampered by investors who don't completely understand the companies' operations or trajectories, according to Cramer. "In tech, the complexity is such that Wall Street often reaches conclusions that have little to do with reality."
Persons: CNBC's Jim Cramer, Cramer, he's, Andy Jassy, Hock Tan, Jensen Huang Organizations: Dow Jones Industrial, Nasdaq, Broadcom, Nvidia, Amazon Locations: Tan
Semiconductor stocks have been volatile. Last Friday, the VanEck Semiconductor ETF fell 11.6% in a day. Investors might be wondering: What's the outlook for semiconductor stocks — which have been boosted by artificial intelligence — and are there pockets of buying opportunity? It expects orders for PCs and general servers to improve next year as AI-driven demand picks up. As for memory chips, supply is set to remain tight at least till the first half of 2025, thanks to investments in high-bandwidth memory, Morningstar said.
Persons: Morningstar, GlobalWafers Organizations: VanEck Semiconductor, SK Hynix, Micron Technology, Morningstar, Edge, Samsung, Screen CNBC, Van Eck Semiconductor Locations: United States
Chew Gek Khim has been running Straits Trading since 2008, after her family's investment company, Tecity Group, took control following a highly public bidding war. Since then, she's taken the tin legacy smelting business founded in 1887, and transformed it to focus more on becoming a major player in real estate and hospitality. It sits across the water from the popular tourist destination, Penang Island. "I'm optimistic it's a game changer for Penang because this whole area, which was at one time looked at as the poorer cousin of Penang Island, is now coming up," Chew said. Learn more about Chew Gek Khim's leadership style, and how she used it to transform one of Singapore's oldest companies into a real estate powerhouse in the video above.
Persons: Chew, Khim, she's, Christine Tan Organizations: Tecity, CNBC's, UNESCO, Gek Locations: Asia, Straits City, Malaysian, Penang
Elon Musk says that Donald Trump and Kamala Harris should have a rematch after Tuesday's debate. The Harris campaign called for a second debate shortly after the first one. AdvertisementFormer President Donald Trump and Vice President Kamala Harris should have another presidential debate, prominent Trump backer Elon Musk said on Wednesday. "Excellent, a second debate would be great," Musk wrote in an X post in response to the Harris campaign's call for another debate. Harris campaign chair Jen O'Malley Dillon issued the challenge to Trump shortly after their first debate concluded on Tuesday night.
Persons: Elon Musk, Donald Trump, Kamala Harris, Harris, Trump, , Musk, Jen O'Malley Dillon Organizations: Service, Trump, Business
US Vice President and Democratic presidential candidate Kamala Harris listens to former US President and Republican presidential candidate Donald Trump speak during a presidential debate at the National Constitution Center in Philadelphia, Pennsylvania, on September 10, 2024. Solar and clean energy stocks rose Wednesday after Wall Street largely declared Vice President Kamala Harris the winner of the first and likely only debate before the November election. The Invesco Solar ETF (TAN) and the iShares Global Clean Energy ETF (ICLN) gained more than 3% and more than 2%, respectively, in morning trading. The benchmarks are down 28% and 11% this year as uncertainty over the outcome of the election has clouded the outlook for the clean energy industry. "We expect a near-term bounce towards Vice President Harris following the first debate with former President Trump, but the longer-term impact remains unclear," Raymond James analyst Ed Mills told clients in a note late Wednesday night.
Persons: Kamala Harris, Donald Trump, Sunnova, Harris, Trump, Raymond James, Ed Mills Organizations: Democratic, Republican, National Constitution Center, Clean Energy, New York Times, Siena College, White, Citi, White House Locations: Philadelphia , Pennsylvania
Elon Musk was quick to respond to Taylor Swift's endorsement of Kamala Harris. "Fine Taylor … you win … I will give you a child and guard your cats with my life," Musk wrote on X. AdvertisementIt didn't take long for Elon Musk to fire off a jab at Taylor Swift after she endorsed Vice President Kamala Harris. "Fine Taylor … you win … I will give you a child and guard your cats with my life," Musk wrote in an X post on Wednesday morning. Musk was weighing in on Swift's latest Instagram post, where she endorsed Harris.
Persons: Elon Musk, Taylor Swift's, Kamala Harris, Swift, Cat Lady, Taylor, Musk, , Taylor Swift, Harris, Donald Trump Organizations: Service, Business
But the stock quickly dropped to find new support around $210, eventually settling into a trading range between $200 and $240. This price range lines up well with previous resistance from 2023, adding further conviction to the importance of these levels. But if RUN can finally break above the $24 level, that would mean clear skies ahead from a technical perspective. While solar stocks still have much to prove, their technical configurations suggest investors should watch this space closely leading into the November elections. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: Kamala Harris, FSLR, it's, David Keller Organizations: Nasdaq, Inc, Sunrun Inc, CMT, Sierra Alpha Research, CNBC, NBC UNIVERSAL
Vice President Kamala Harris unveiled her policy platform on her campaign website on Sunday. Harris said she wants to lower drug prices "by taking on pharmacy middlemen." It appeared to cheer Mark Cuban, who's been taking on pharma companies with his own, Cost Plus Drugs. AdvertisementVice President Kamala Harris wants to lower drug prices, and billionaire investor Mark Cuban is all for it. The "Shark Tank" star then proceeded to quote part of Harris' policy position on drug prices in the same post.
Persons: Kamala Harris, Harris, Mark Cuban, who's, , Joe Biden Organizations: pharma, Service, Democratic, Business
Kamala Harris says she's ready for another debate with Donald Trump. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementVice President Kamala Harris just had her first presidential debate with former President Donald Trump, and she's already raring for round two. "Under the bright lights, the American people got to see the choice they will face this fall at the ballot box: between moving forward with Kamala Harris, or going backwards with Trump," Harris campaign chair Jen O'Malley Dillon said in a statement on Tuesday night, shortly after the first debate concluded.
Persons: Kamala Harris, she's, Donald Trump, Trump, , Harris, Jen O'Malley Dillon Organizations: Trump, Service, Business
Elon Musk says Kamala Harris "exceeded most people's expectations" in her first debate against Trump. Musk said he still believes "Trump will do a far better job" than Harris. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk, a prominent backer of former President Donald Trump, said Vice President Kamala Harris "exceeded most people's expectations" at ABC's September 10 presidential debate — but that won't stop him from backing Trump. "While I don't think the debate hosts were fair to @realDonaldTrump, @KamalaHarris exceeded most people's expectations tonight," Musk wrote on X hours after the debate.
Persons: Elon Musk, Kamala Harris, Musk, Trump, Harris, , Elon, Donald Trump Organizations: Trump, Service
Read previewVice President Kamala Harris says she has a plan for America's middle class— building an "Opportunity Economy" to help them succeed. "Vice President Harris grew up in a middle class home as the daughter of a working mom. She believes that when the middle class is strong, America is strong," the Harris campaign wrote in a section titled "Build an Opportunity Economy and Lower Costs for Families." But just what exactly is Harris looking to do when she says she's going to build up the middle class through her "Opportunity Economy" agenda? During the debate, Harris accused Trump of only wanting to offer tax breaks to the richest people, while Trump countered by saying Harris lacked a detailed plan.
Persons: , Kamala Harris, Harris, Donald Trump, she's, Biden, Trump, Alice Tecotzky, Goldman Sachs Organizations: Service, Business, Trump, American, Biden, Pharma, New York Times, Siena College Locations: America, North Carolina
Trump Media & Technology — The stock fell more than 13% following Tuesday's debate between majority shareholder former President Donald Trump and Democratic Vice President Kamala Harris. Novartis — U.S.-listed shares of the Swiss pharma company slipped nearly 2% on the heels of Bank of America's downgrade to hold from buy. Crypto stocks — Crypto stocks were dragged downward after the price of bitcoin fell slightly overnight, as crypto traders considered central bank policy in Japan . Morgan Stanley — The bank stock lost 1% following a downgrade at Goldman Sachs to neutral from buy. Solar stocks — Solar stocks rose as a group after Vice President Kamala Harris's performance at Tuesday's debate raised confidence in a Democratic victory at the U.S. presidential election.
Persons: Donald Trump, Kamala Harris, Rentokil, it's, bitcoin, Morgan Stanley, Goldman Sachs, Goldman, Morgan, Warren Buffett's Berkshire Hathaway, Kamala Harris's, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Yun Li, Sarah Min, Samantha Subin Organizations: Trump Media & Technology, Democratic, Trump Media, Nasdaq, GameStop, Novartis — U.S, Swiss pharma, of, Therapeutics, JPMorgan, Viking Therapeutics, Goldman, Bank of America, U.S, Clean Energy, SolarEdge Technology, Sunnova Energy Locations: North America, Japan
Taylor Swift , post-debate, issued a ringing endorsement of Harris on Instagram. "What a ridiculous joke," read a top comment from a Taylor Swift fan blog based in Jiangsu. You don't have even the slightest bit of respect for women," read a post from another Taylor Swift blog based out of Tianjin. "You've always been so, so warm and supportive," Swift told her Chinese fans during the performance. Musk and representatives for Swift did not immediately respond to Business Insider's requests for comment sent outside regular business hours.
Persons: , Elon Musk, China's, Kamala Harris, Donald Trump, Taylor Swift, Harris, Sen, JD Vance, Trump's, Taylor, Musk, China's Swifties, Swift, You've, Ma Organizations: Service, Business, SpaceX, Swift, Weibo Locations: Instagram, Jiangsu, Tianjin, China
However, Russia's birth rate remains dismal, prompting a politician to suggest that the country launch a "special demographic operation." Russia's birth rate was 8.3 per 1,000 people for the first half of this year — down from 10 per 1,000 people in 2019. The latest data from the US showed the country's birth rate was 11 per 1,000 people in 2022. Advertisement"Just like a special military operation — a special demographic operation," Ostanina added, referencing Russia's invasion of Ukraine. Furthermore, over 300,000 Russian troops died or were injured in the Ukraine war by the end of 2023, US intelligence officials estimated.
Persons: , It's, Putin, Nina Ostanina, Ostanina, Dmitry Peskov, Peskov, Vladimir Putin Organizations: Service, Business, RIA, HSE University, Moscow Times, TASS, An Atlantic Council Locations: Russia, Soviet, Ukraine, Moscow, Europe, Japan
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