Investing

Pessimism among investors shouldn’t deter people from carefully buying shares of high-quality companies that have endured massive declines, CNBC’s Jim Cramer said Friday after a widespread sell-off in the stock market. On Thursday, survey results from the American Association of Individual Investors showed that pessimism among retail investors was at its worst in some 5½
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This morning Reuters published a story charging that Johnson & Johnson knew back in 1971 that “its iconic baby power sometimes contained asbestos and failed to alert authorities.” The story also cited a Missouri court of 22 women who said their use of baby powder “caused them to develop ovarian cancer.” The stock market reacted
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Constellation Brands’s relatively healthy revenue growth in the U.S. beer market, paired with strong profitability and a new investment in cannabis makes the stock one of Cowen’s top stock picks heading into 2019. Since the Corona maker first announced its $4 billion investment in Canopy Growth, shares have fallen almost 15 percent, providing savvy investors
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“Create a home inventory.” It’s one of those to-do list items personal finance journalists (me included) often recommend, yet everyone tends to put off (also me). Polls from the Insurance Information Institute estimate roughly half of homeowners have a home inventory, a rate that hasn’t budged much over time. That’s not too surprising. Ignorance seems
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A key U.S. construction facilitator is hopeful that President Donald Trump will still make good on his campaign promise of putting more federal dollars towards U.S. infrastructure. Bill Sandbrook, the chairman, president and CEO of mass concrete and aggregates producer U.S. Concrete, told CNBC that the 2018 midterm elections gave him “optimism” that a major
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Lululemon on Thursday reported quarterly earnings and revenue that beat analysts’ estimates, but its outlook for the fourth quarter was slightly weaker than expected. Shares of the company dropped nearly 5 percent in after-hours trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
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U.S. stock futures opened lower Wednesday amid lingering anxiety about a possible economic slowdown and continued murkiness around trade relations with China. On Wednesday evening, futures initially indicated that the Dow Jones Industrial Average would open 400 points lower. Dow futures fell as much as 486 points at their lows. Markets have since recovered and,
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Investors shouldn’t really be “alarmed” by the market sell-off, veteran trader Art Cashin told CNBC on Tuesday. “To some degree it’s a buyers’ boycott,” the UBS director of floor operations at the New York Stock Exchange said on “Closing Bell.” In other words, volume wasn’t large because buyers were sitting out of the market. “If
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The U.S.-China trade truce may have lifted stocks on Monday, but buyers should remain cautious while Wall Street awaits details on the final agreement, CNBC’s Jim Cramer and technician Tim Collins warned. “[Collins] thinks you need to be cautious when buying stocks here, because the trade truce failed to clean the murky waters,” Cramer said
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Snap Inc.’s stock price may have fallen to just over $6 a share — down about 70 percent from where the stock started publicly trading — but even this low price shouldn’t fool investors, CNBC’s Jim Cramer said Friday. “Do not be tempted by Snap’s $6-and-change share price. It’s not a bargain,” he warned. “At
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President Donald Trump can’t blame Jerome Powell for a bad stock market now that the Federal Reserve chairman has appeared to walk back his comments on interest rate hikes, Wharton School finance professor Jeremy Siegel told CNBC on Friday. The pressure is on Trump “more than ever” to reach a trade agreement with China as
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