Investing

With Amazon’s stock down over 125 basis points from its high, CNBC’s Jim Cramer couldn’t help but wonder if the e-commerce giant was the most vulnerable of the top tech stocks. “As I scan the big-capitalization tech and growth stocks, this one keeps standing out among the weakest, and I can see the bear case
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Warren Buffett‘s failure to clinch a $9 billion takeover of the Texas utility Oncor prompted S&P Global Ratings on Tuesday to say the billionaire’s Berkshire Hathaway is no longer at risk of a credit rating downgrade. S&P affirmed Berkshire’s “AA” rating, its third-highest grade, with a “stable” outlook after Sempra Energy struck an agreement with
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The “Fast Money” traders shared their first moves for the market open. Guy Adami was a buyer of Target. Steve Grasso was a buyer of Avis Budget Group. Tim Seymour was a buyer of Nike. Pete Najarian was a buyer of Lululemon. Trader disclosure: On August 21, 2017, the following stocks and commodities mentioned or
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Copper prices zoomed 1.7 percent higher on Monday to reach levels not seen in nearly three years as investors bet on further global economic growth. Futures for September delivery reached a high of $3.0015 per pound, their highest since November 2014. The metal has also seen its value surge 3.5 percent this month, putting it
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President Donald Trump‘s popularity is falling due to his controversial comments about the white supremacist rally in Charlottesville, Virginia. That will have negative implications for the administration’s agenda this year, according to a Goldman Sachs economist. The firm cited Trump’s poll approval ratings, which fell to 37 percent on average this week versus 38 percent
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Any shake-ups in the Trump White House won’t fundamentally change the story in stocks, money manager and popular blogger Josh Brown told CNBC on Friday. U.S. stocks turned higher Friday after a report by The New York Times said that President Donald Trump has removed his chief strategist, Steve Bannon. Axios first reported that Bannon
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Bitcoin has had a stellar year and one of Wall Street’s top strategists thinks it can rise 40 percent more by next year. Tom Lee, co-founder of Fundstrat Global Advisors, established a mid-2018 target of $6,000 on the cryptocurrency. Bitcoin traded at $4,284.14 on Friday, according to Coindesk. For the year, bitcoin has surged nearly
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Blackstone’s Byron Wien, who’s been working on Wall Street for more than a half-century, thinks the recent stock market weakness on diminishing prospects for President Donald Trump’s business-friendly agenda is nothing for investors to panic about. “I’m worried he won’t get a lot of his program through, but offsetting that is the economy doing better
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Billionaire hedge fund manager Bill Ackman revealed he bought protection against a stock market drop due to rising geopolitical risk. Ackman said the firm took a “small position” in out of the money call options on a volatility index during Pershing Square Capital Management’s second-quarter conference call Wednesday. This hedge “will protect against stock market
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