Investing

When the broader market is strong, sometimes CNBC’s Jim Cramer likes to zoom in on specific companies to review what they’re doing right. On Friday, Cramer turned to Honeywell, the massive industrial conglomerate manufacturing aircraft engines, climate control systems, security equipment and other specialty products. “Honeywell’s stock has roared up over 25 percent year to
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Industrials: Tuesday will be critical in determining the strength of the industrial cohort, with earnings reports from General Motors, United Technologies, Caterpillar, 3M and Stanley Black & Decker. Cramer expects all of them to deliver strong results, particularly given the post-hurricane cleanup projects in Texas and Florida and the boon from a weaker dollar. “Now,
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Veteran investor Bill Miller joined other prominent fund managers in declaring his own bullish views on the stock market. “The global economy has now entered a synchronized expansion for the first time in many years, and the usual macro fears are largely absent,” wrote Miller on Wednesday. Synchronized expansion means economies around the world are
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Bitcoin surged 5 percent to a record high above $6,000 on high trading volume Friday. The cryptocurrency hit a record high of $6,003.81 in late morning New York trading, according to CoinDesk. Bitcoin later pared some gains to trade around $5,905 by early afternoon. Twenty-four hour trading volume in U.S. dollars for bitcoin was nearly
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CNBC’s Jim Cramer had a unique experience during the historic market crash of 1987 that occurred 30 years ago Thursday. “People always want to talk about Black Monday, 30 years ago today where the Dow lost 500 points, erasing more than 20 percent of the market’s value,” the “Mad Money” host said. “But as bad
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States that have fallen behind on their pension obligations have been underfunding their pensions for years. Many have also used outdated investment forecasts that count on unrealistic returns. Some states have implemented pension reforms, closing their funds to new employees and freezing existing plans. But those measures have also cut contributions from active workers, reducing
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Andrew Harrer | Bloomberg | Getty Images Listerine mouthwash bottles move through the production line at the J&J consumer healthcare products plant in Lititz, Pennsylvania. With the Dow Jones industrial average surging through the 23,000 level for the first time ever, Cramer offered investors a piece of contrarian food for thought. “Here’s something you never
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Mounting credit concerns and lethargic profit margins will plague “weak” Citigroup earnings over the next two years, said one Wall Street research firm. Societe Generale reduced its rating on Citigroup shares to sell from hold Monday, citing deteriorating credit trends and increased loan loss provisions as detailed in the bank’s most recent earnings report. “Although
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CNBC’s Jim Cramer remembers the days when the market declined and traders would flock to safety in “recession-proof” stocks like General Mills and Kimberly-Clark. But times have changed. Now, the “Mad Money” host sees traders fleeing to the FANG stocks, Cramer’s acronym for Facebook, Amazon, Netflix and Google, now Alphabet when their favorite sectors go
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On his last day as Fed vice chair, Stanley Fischer‘s sent some advice to President Donald Trump: Stay the course. In an interview at the World Bank/International Monetary Fund conference Friday, Fischer pushed the president to reappoint Janet Yellen as Fed chair. Though normally reluctant to wade into political waters, he made his preference known.
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Without overreacting, concern about North Korea is rational for any investor. Just ask Warren Buffett. Last week the world’s second-richest man said, “We have increased the ability of perhaps even an individual, perhaps a group, perhaps a nation … to kill millions, millions, millions of people in a single stroke.” Buffett added, “We got a
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The fallout from Harvey Weinstein’s sexual harassment scandal is hitting Weinstein Co., itself. Goldman Sachs, one of the film company’s original financiers, is “exploring options” on the small stake in the company it still has, the Financial Times reported. Weinstein Co., which was behind award-winning movies like “The King’s Speech” and “The Artist,” originally got
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Netflix shares hit an all-time high Friday, briefly passing through $200 for the first time ever, an incredible milestone for a video streaming company upending the traditional media industry. The catalyst for the most recent surge was multiple top analysts on Wall Street raising their price forecasts for the company this week. But this year’s
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CNBC’s Jim Cramer is hoping to see strategic changes made at Procter & Gamble after the consumer foods giant narrowly won a proxy fight with activist investor Nelson Peltz. “Why not expect some change?” the “Mad Money” host said. “Nearly half the shareholders who voted agreed with Peltz that Procter is too insular and not
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Daniel Acker | Bloomberg | Getty Images An employee removes a pizza from the oven at a Domino’s Pizza restaurant in Rantoul, Illinois. Shares of Dominos fell 5 percent Thursday after the company beat earnings but disappointed some optimistic investors who were hoping for even better growth. Even though the company reported 8.4 percent domestic
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