Investing

The 10-year yield fell to its lowest level since 2017 this week. Rates in decline are already benefiting one stock, said Todd Gordon, founder of TradingAnalysis.com. Costco is “a consumer staple that’s responding really well to the declining interest rate environment,” Gordon said Thursday on CNBC’s “Trading Nation.” “As bonds are moving up, markets are
0 Comments
Tim Sloan resigned, following the market closed, as chief of the scandal-plagued Wells Fargo even though he delivered a quarter that exceeded expectations, CNBC’s Jim Cramer said Thursday. After a 31-year career with the bank, Sloan said he felt like he had become a distraction at the company because of the “endless harangues from Washington
0 Comments
Comedy movie moguls Seth Rogen and Evan Goldberg announced Wednesday the launch of Houseplant, a recreational Canadian cannabis company in collaboration with Ontario-based grower Canopy Growth. “Houseplant is the result of years of experience and dedication, with each element and expression thoughtfully designed to make it easier for people to learn to love cannabis as
0 Comments
CNBC’s Jim Cramer on Tuesday said investors should not panic about February’s “truly pathetic” housing starts number because the market is primed to bounce back. Single-family home construction declined 8.7 percent last month to a 1-1/2-year low, but housing forecasts are looking better as mortgage rates decrease. The housing market is not flashing recession signals,
0 Comments
Analysts either love or hate Tesla. RBC slashed its price target on Monday, suggesting 20 percent downside, and reiterated an underperform rating. Meanwhile, the rest of the Street has an average $335 target, which implies 30 percent upside. Technical analyst Ari Wald is in the hate-it camp, arguing that aimless price direction means investors should
0 Comments
Wall Street is scrambling to figure out what the conclusions of special counsel Robert Mueller‘s long-awaited investigation measn for the stock market. While many investment and equity strategists told CNBC that Attorney General William Barr’s letter about Mueller’s report relieves a persistent concern, few had expected a disastrous outcome for President Donald Trump. “No one
0 Comments