Investors can trust that Nvidia’s stock has bottomed following its upbeat earnings report for a few key reasons, CNBC’s Jim Cramer said Friday after the chipmaker’s shares gained 1.82 percent. The first is CEO Jensen Huang’s own outlook for his industry, which he put quite simply on the post-earnings conference call: “The world needs more
Investors can trust that Nvidia’s stock has bottomed following its upbeat earnings report for a few key reasons, CNBC’s Jim Cramer said Friday after the chipmaker’s shares gained 1.82 percent. The first is CEO Jensen Huang’s own outlook for his industry, which he put quite simply on the post-earnings conference call: “The world needs more
The Walt Disney Co.: “Don’t sell Disney yet. [CEO] Bob Iger’s doing an amazing job. I don’t know about this next couple of quarters. He’s got to do this big transition with the over-the-top. But I think, long term, you want to own Disney very badly.” American Superconductor Corp.: “I think it’s been too hot,
CNBC’s Jim Cramer suggests that investors don’t underestimate the importance of a U.S.-China trade deal as negotiations pick back up in Washington, D.C. next week. President Donald Trump has signaled that he may hold off of hiking tariffs on Chinese imports as time inches closer to a March 1 agreement deadline. Stocks rallied, including many
Shares of toy maker Mattel plunged more than 15 percent on Friday after the company posted weaker-than-expected full year 2019 guidance during an analyst meeting in New York. The company said it expects adjusted EBITDA to be in a range of $350 million to $400 million for 2019, below analysts expectations of $551.6 million, according
Famed short-seller and Democratic donor Jim Chanos plans to support former vice president Joe Biden if he runs for president in 2020. “Like many other Americans, I certainly hope Vice President Biden decides to run in 2020. If he does run, I fully expect to support him any way I can,” Chanos said in a
Most CEOs would not balk at the idea of Apple buying their company. But Epic Systems CEO Judy Faulkner is not like most CEOs. In January, CNBC’s Jim Cramer suggested that Apple should consider buying Epic, one of the largest private health IT companies in the world. The move would help Apple convince customers and
Check out the companies making headlines midday Friday: XPO Logistics – XPO stock tanked a whopping 17 percent after the transportation company reported disappointing fourth-quarter results. Its earnings came in eight cents shy of estimates with adjusted quarterly profit of 72 cents per share, and the company’s revenue also fell short of expectations. XPO also
Instead of trying to beat a wave of high-growth financial technology startups at their own game, a group of small banks is opting to join them. These low profile community banks quietly run the plumbing underneath billion-dollar fintech firms like Square, Stripe and Robinhood — handling mundane banking activities for them like holding customer deposits
It’s no secret that for most retirees, Social Security is an important part of their income. Exactly how much varies from individual to individual — and, apparently, from city to city. Among 100 U.S. cities with the largest 65-and-older populations, Social Security makes up an average 42 percent of retiree income, according to recent research
As student debt grows, so do the plans to squelch it. A new federal program offers up to $75,000 in student loan relief for those who work for three years in the healthcare field, battling the opioid epidemic. Meanwhile, student loan assistance, which started as a niche offering by a handful of companies, is finding
In order to reach your wealth-building goals, selecting the right kind of investment account is as important as choosing an appropriate asset allocation. By taking advantage of tax-favored accounts, millennial investors can supercharge their nest eggs. An often overlooked but powerful wealth-building tool is the health savings account. Contributions to an HSA are tax-deductible, and
English Premier League leaders Manchester City has a squad valued at over $1 billion and is still on course for an unprecedented quadruple of trophies this season, but this weekend it’s faced with an unusual challenge. For the fifth round of this season’s FA Cup, England’s major domestic cup competition, Manchester City has been drawn
PepsiCo will report fourth-quarter earnings before the bell Friday. Here’s what Wall Street is expecting, according to a survey of analysts by Refinitiv: Earnings: $1.49 per share Revenue: $19.52 billion Shares of rival Coca-Cola fell Thursday after the company gave weaker-than-expected earnings outlook for 2019, citing headwinds from currency, Fed rate hikes and changing tax
Chinese ride-hailing giant Didi Chuxing is planning to lay off about 2,000 people, or 15 percent of its workforce, this year, a source familiar with the situation said Friday. That confirmed earlier Chinese media reports that Didi CEO Cheng Wei said in an internal meeting Friday that the company is preparing for difficult times. Didi
China’s Consumer Price Index missed expectations in January coming in at 1.7 percent higher than a year ago, the National Bureau of Statistics said on Friday. Economists polled by Reuters were expecting CPI to come in at 1.9 percent higher on year. December CPI — a gauge of prices for goods and services — rose
Danny Moses, a legendary investor who shorted subprime loans prior to the financial crisis in 2008, told CNBC that the cannabis industry in America has the makings for a big long. “I’ve never seen a sector have the political tailwinds, the economic tailwinds, and the wellness tailwinds that this sector potentially has,” he said on
If you ask CNBC’s Jim Cramer, reaching for a stock’s dividend yield is one of the dumbest mistakes an investor can make. “If you see a stock sporting a yield that’s well in excess of what you can get elsewhere, I think you should be skeptical,” he said Thursday on “Mad Money.” “Most likely, it’s
Check out the companies making headlines after the bell: NVIDIA shares jumped more than 9 percent after hours Thursday based on the chip company’s better-than-expected fourth-quarter earnings. The company posted earnings of 80 cents per share on revenue of $2.21 billion. Wall Street estimated earnings of 75 cents on revenue of $2.2 billion. The company
There are big tax refunds, and then there are $980,000 tax refunds. Ramon Christopher Blanchett, of Tampa, Florida, and self-described freelancer, managed to scoop up a $980,000 tax refund after submitting his self-prepared 2016 tax return. He also allegedly claimed that he earned a total of $18,497 in wages — and that he had withheld
The U.S. government is relying more than ever on private companies to explore and develop technology in space, whether its reaching the International Space Station, returning to the surface of the moon or getting humans to Mars for the first time. NASA is focused on using partnerships with companies like SpaceX and Boeing, rather than
The second week of tax season has wrapped up, and refunds are still smaller compared to last year. Since the IRS began accepting returns on Jan. 28, the agency has managed to process 26.9 million individual income tax returns as of Feb. 8, according to data from the tax authority. Uncle Sam is also sending
Economists slashed fourth-quarter GDP forecasts Thursday, and now see growth closer to 2 percent than 3 percent, after a surprise drop in December retail sales. According to the CNBC/Moody’s Analytics Rapid Update, economists in the survey see growth tracking at a median 2.4 percent pace, down 0.7 percentage points. December’s retail sales fell 1.2 percent,
If health-care expenses have been squeezing your household budget, it could be worth checking if they’d get you a tax break on your 2018 return. A range of medical expenses can qualify, and as long as you itemize instead of taking the standard deduction, a portion of those costs can help lower your tax bill.
More people are feeling optimistic about their own finances, according to Gallup. In a recent poll, nearly 7 out of 10 participants said they expected to be “better off” financially by this time next year. The company surveyed 1,017 U.S. adults by phone in January. This level of optimism hasn’t been seen in 16 years,
Average salary: $41,060 Recreational therapists get injured patients back on their feet using music and art, and games and sports. “You can utilize previous experience with a sport, art, dance or some other recreational activity — and the work demands compassion and interpersonal skills that older workers may have developed,” Shatkin says. Normally, these positions
Former Homeland Security chief Tom Ridge is now at the center of growing concerns over security and passenger screening at JetSmarter. Following a CNBC investigation into the company last month, JetSmarter, the Florida-based private jet start-up, sent an email to members highlighting its security policies, saying its “proprietary safety and security infrastructure on the ground
Pharmaceutical giant Pfizer holds a lead in the erectile dysfunction market even as competition from generics erodes sales of its once-blockbuster male libido treatment, Viagra. The medication, originally developed with the intention to treat high blood pressure in adults, became a hit for males struggling in the bedroom and the New York-based drugmaker when it
Binance, the world’s largest cryptocurrency exchange by trading volume, is still profitable despite last year’s market meltdown, its chief financial officer said. Last year saw the prices of major virtual currencies plunge dramatically. Bitcoin, the most valuable crypto, is down 80 percent from a near-$20,000 record high it set in December 2017. “To date, even
With all of the investors fretting about the trade war with China and the Federal Reserve’s plans for interest rates, what CNBC’s Jim Cramer is really worried about here is jeans. “Yep, I think the biggest threat to this bull market is denim,” he said Wednesday on “Mad Money” as stocks rose on hopes of
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