Cramer Remix: Stocks are bearing the fruits of fear this earnings season

CNBC’s Jim Cramer on Wednesday said too many Wall Street watchers assumed that businesses’ first quarter earnings results would be horrid and now the stock market is rallying on companies besting expectations. Analysts based their 2019 predictions on the Federal Reserve-induced fourth-quarter sell-off and prolonged U.S.-China trade war, but never revised their outlooks as the […]

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Trump faces a 'cruel summer' for crude oil prices after ending Iran waivers: RBC's Helima Croft

President Donald Trump could be facing a “cruel summer” when it comes to crude oil prices, says RBC’s Helima Croft. Oil prices surged to nearly six-month highs after the Trump administration said Monday that it would end a waiver program that allowed certain countries to purchase oil from Iran. The move, ostensibly aimed at driving […]

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Wall Street's valuation guru: From Uber to Pinterest, all the major IPOs this year are overpriced

This year’s hot IPOs have one thing in common — they are all overpriced, according to one reliable market valuation judge. Lyft, Zoom and Pinterest garnered much attention with their soaring public debuts after all pricing above their marketed range. Ride-hailing giant Uber is prepping for what will be this year’s biggest IPO, seeking a […]

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SoftBank's Masayoshi Son got caught up in the bitcoin frenzy and reportedly lost $130 million

Alessandro Di Ciommo | NurPhoto | Getty Images Corp. Chief Executive Officer Masayoshi Son speaks during a joint announcement with Toyota Motor Corp. to make new venture to develop mobility services in Tokyo, Japan, 04 October 2018. Japanese billionaire Masayoshi Son, the founder of conglomerate SoftBank, personally lost over $130 million when he sold his […]

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Oil surges as US ends Iran sanction waivers—four experts forecast what's next

Things are heating up in the energy market. The Trump administration announced Monday that it would end exemptions to its sanctions on Iran, a move meant to significantly curb Iran’s oil output. Crude prices surged after the announcement, with the U.S. benchmark, West Texas Intermediate crude, gaining nearly 3 percent. Here’s what experts say higher […]

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$1.4 trillion worth of FANG reports earnings this week. Here's how to play it

Half of the FANG trade goes under the microscope this week. Facebook and Amazon, worth $1.4 trillion combined, will report on earnings on Wednesday and Thursday, respectively. The options market is not pricing in how volatile trading could get in the wake of those releases, according to Stephen Mathai-Davis of research site Quantamize. He’s positioning […]

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Here are the biggest analyst calls of the day: Morgan Stanley, J.M. Smucker, Snap, Yelp & more

Morgan Stanley upgraded the stock saying that J.M. Smucker‘s reinvestment strategy is working. “We are more constructive on SJM‘s FY2020 outlook given improving momentum in coffee and pet, which represent 65% sales/80% EBIT. SJM’s measured channels sales growth is accelerating (+2.4% in L12W vs. 1.3% L52W) due to its sharpened innovation strategy (Folgers 1850, Power […]

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Citi downgrades Morgan Stanley: 'We'd rather be on the sidelines'

Bess Adler | Bloomberg | Getty Images A person enters Morgan Stanley headquarters in New York, on Thursday, July 12, 2018. Citi downgraded Morgan Stanley to neutral from buy on Thursday, saying the stock is “fairly valued.” Morgan Stanley posted better-than-expected first-quarter results Wednesday thanks to the growth in wealth management and fixed-income trading, sending […]

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