Investing

Closely followed trader Art Cashin said that he won’t be too worried about the stock market’s move lower Tuesday as long as the S&P 500 doesn’t break a certain level. “For now, we’ll call it a consolidation until it begins to worsen,” Cashin, UBS director of floor operations at the New York Stock Exchange, said
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With the stock market locking in the largest weekly gain since March, CNBC’s Jim Cramer wondered if newfound optimism around trade and U.S.-China relations could continue. “To some degree, I think that’s wishful thinking,” the “Mad Money” host admitted on Friday. “But, hey, wishful thinking worked when it came to the unlikely progress between North
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Walmart: Calling Walmart’s recent $16 billion investment in Indian e-commerce play Flipkart “one of the gutsiest moves this company has ever made,” Cramer said the stock’s weakness in response was “ridiculous.” “With China dominated by Alibaba and the U.S. the province of Amazon, Walmart needed to try to take a piece of the second-most-populous country
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Health-care stocks whipsawed on Friday as President Donald Trump unveiled his long-awaited plan to lower prescription drug prices, dubbed “American Patients First.” The sector briefly turned negative before closing 1.5 percent higher. Shares of Express Scripts and CVS both hit session lows before rising 2.6 percent and 3.2 percent, respectively. Dow Jones industrial average components
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Prices for many prescription drugs may be high, but CNBC’s Jim Cramer argued Friday they might be worth the cost. “Some of the drugs are lifesaving,” Cramer said on “Squawk on the Street.” “That’s very hard to put a price on.” Cramer’s comments came ahead of President Donald Trump‘s scheduled announcement Friday afternoon of a
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Longtime value investor Whitney George believes Apple’s market capitalization is worth at least $1 trillion. In an exclusive interview for CNBC PRO with Mike Santoli, Whitney said that the iPhone maker’s stock remains “remarkably inexpensive.” “Apple to me is still worth $200 at a minimum, and that’s assuming flat operating income for the next couple
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Small-cap stocks typically benefit when the dollar gains in value, whereas larger-cap stocks and multinational companies tend to feel the heat under the same conditions. Smaller companies deal with more domestic sales, typically without the burden of having to translate overseas revenue from foreign currencies back into dollar terms. “Looking at the relative ratio between
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One of the analysts cut off by Tesla chief executive Elon Musk during the company’s latest earnings call has responded, telling clients he plans to “hold Tesla accountable” for its performance. In an open letter and invitation to Musk entitled “Dear Elon,” RBC Capital Markets analyst Joseph Spak on Wednesday defended his questioning. “Some of
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Nvidia shares will thrive this year as the chipmaker should generate earnings per share above expectations, according to Bank of America Merrill Lynch. The firm reiterated its buy and “top sector pick” ratings on Nvidia, citing the company’s product leadership in several large growth categories. “Expect beat/raise. … We remain positive on NVDA ahead of
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