Treasury yields slipped on Monday as investors parsed the latest manufacturing data. The yield on the 10-year Treasury slipped 1 basis point to 4.182%. Meanwhile, the 2-year Treasury yield rose 2 basis points to 4.192%. On Friday, the 10-year Treasury yield had fallen to its lowest levels since late October. One basis point equals 0.01% and yields and … Read more
Charles Liang, CEO of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on June 5, 2024. Annabelle Chih | Bloomberg | Getty Images Shares of Super Micro Computer surged more than 30% after a special committee ruled it found “no evidence of misconduct” at the embattled artificial intelligence server maker, and appointed … Read more
We’re selling 25 shares of Microsoft at roughly $431.42 each. Following Monday’s trade, Jim Cramer’s Charitable Trust will own 235 shares of MSFT, decreasing its weighting to roughly 2.85% from 3.12%. Wall Street just wrapped up its best month of 2024 with the S & P 500 gaining 5.7% in November. As a result of … Read more
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Wall Street was mixed on the first trading day of December. Tech was strong, driving the Nasdaq nearly 1% higher. The S & P 500 and the Dow , … Read more
As June’s Pride Month festivities were nearing a conclusion, Tractor Supply released a statement that put LGBTQ+ rights proponents on alert. The farm-focused retailer said it would stop sponsoring events such as pride celebrations and eliminate roles tied to diversity initiatives. Also on its list of actions: Tractor Supply would no longer submit data to … Read more
In late October, we suggested that Lululemon (LULU) was a favorable alternative to Nike, given its low valuation and better revenue trajectory. Since that time, Lulu has materially outperformed. We have a new way to play the stock from here. Sine that initial call, Lulu shares gained about 7% through last Friday, versus a 4% … Read more
Ballot papers are counted at the Dublin RDS centre, in Dublin, on December 1, 2024, on the second day of counting ballots in the Irish General Election. Ben Stansall | Afp | Getty Images Ireland’s election looks set to have secured victory for the incumbent center-right parties which have dominated the country’s politics for nearly … Read more
Intel CEO Pat Gelsinger delivers a speech at Taipei Nangang Exhibition Center during Computex 2024, in Taipei on June 4, 2024. I-Hwa Cheng | AFP | Getty Images Intel announced Monday that CEO Pat Gelsinger had retired from the company effective Dec. 1, capping a tumultuous nearly four-year tenure at what was once America’s leading … Read more
President-elect Donald Trump’s trade policies could spell good news for the U.S. steel industry, according to Goldman Sachs. Heading into next year, analyst Mike Harris initiated coverage on steel producers Nucor , Commercial Metals Company and Cleveland-Cliffs with buy ratings. His price targets on the three imply 20%-plus gains for the group over the next … Read more
Check out the companies making headlines before the bell. Gap — The clothing retail stock jumped 4.7% after JPMorgan upgraded shares to overweight. The firm cited a strong start to the holiday shopping season and a multi-year growth outlook. Stellantis – Shares sank 9% after CEO Carlos Tavares stepped down from his role at the … Read more