Don’t judge biotech Moderna on its stock’s post-IPO drop

Don’t judge biotech Moderna on its stock’s post-IPO drop

Investors shouldn’t draw conclusions about biotechnology company Moderna solely on the stock’s worrisome action after its initial public offering, CNBC’s Jim Cramer said Monday. Moderna is in the early stages of creating medicine using messenger RNA, which transports genetic information from DNA to a body’s cells so they can produce the proper proteins to express those genes. Moderna’s idea is to engineer messenger RNA in patients with genetic diseases to tell their cells to produce…

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Morgan Stanley sees growing risk of recession next year

Morgan Stanley sees growing risk of recession next year

Inversion of the so-called yield curve is yet another reason to fear an earnings, or even an economic, recession in 2019, according to Morgan Stanley. The bank’s chief U.S. equity strategist told clients that while it’s difficult to forecast what an inverted yield curve means for stocks in the near term, he wasn’t surprised to see Wall Street’s major indexes swoon in response to the shift in rates. “Yield curve inversion was inevitable after five…

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Tudor Jones wants to change capitalism with his social impact ETF before we become ‘Havana’

Tudor Jones wants to change capitalism with his social impact ETF before we become ‘Havana’

Paul Tudor Jones said Monday that a new exchange-traded fund using one of his models on social impact is tracking the performance of the S&P 500 since its launch in June. Tudor Jones said in an interview with Andrew Ross Sorkin that the Goldman Sachs JUST fund is down about 5 percent since it launched in June. FactSet data shows the S&P 500 down 5.1 percent since June 13, while the JUST fund is down…

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US created 155,000 jobs in November, vs 198,000 expected

US created 155,000 jobs in November, vs 198,000 expected

Job creation skewed to services-related industries, which added 132,000, while goods producers grew by 29,000, the lowest increase since March. Government jobs declined by 6,000. Health care and professional and business services added the largest number of workers with 32,000 apiece. Manufacturing rose by 27,000, while transportation and warehousing contributed 25,000. Heading into the holiday season, retail jobs edged higher by 18,000, though clothing stores reported a net decline of 14,000. Electronics and appliances stores…

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Trump is a good forecaster; Kudlow sees Trump vindication on Fed

Trump is a good forecaster; Kudlow sees Trump vindication on Fed

President Donald Trump‘s repeated complaints about the Federal Reserve increasing interest rates too quickly proved to be correct, White House economic advisor Larry Kudlow argued on CNBC Friday. Trump is a “good forecaster,” said Kudlow, director of Trump’s National Economic Council. “He has a lot of experience as a businessman and an investor; so he knows his stuff.” The president has been critical of the Fed’s path on rate hikes under Chairman Jerome Powell, blaming…

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Investors dumped $3.5 billion from equity funds this week

Investors dumped $3.5 billion from equity funds this week

Wild swings in the stock market this week rattled investors, who pulled $3.5 billion from U.S. equity funds and fled to the safety of government debt. Funds that invest in U.S. stocks saw the outflows for the week ending Wednesday, the largest exodus since the week ending Oct. 17, when $14.8 billion was withdrawn amid a deep equity sell-off, according to data from EPFR Global. Stocks turned sour on fears of an economic downturn signaled…

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Dow futures drop 200 points as sell-off is set to continue in new week

Dow futures drop 200 points as sell-off is set to continue in new week

U.S. stock futures fell on Sunday night as traders feared an intensifying trade war between the United States and China. Dow Jones Industrial Average futures dropped 192 points, implying a decline of 168.95 points at Monday’s open. S&P 500 and Nasdaq 100 futures also declined. The losses would add to a steep decline from last week. Earlier on Sunday, China summoned the U.S. ambassador to Beijing to protest Huawei CFO Meng Wanzhou’s detention. Reuters reported,…

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The bank breakdown is a buying opportunity, says onetime bear 

The bank breakdown is a buying opportunity, says onetime bear 

The banks have been under fire this week. The KBE bank ETF has tumbled 6 percent since Monday with major banks like Citigroup and Bank of America tanking by more than 8 percent. After sounding the alarms for the group, Matt Maley, equity strategist at Miller Tabak, has had a change of heart. “I’ve been very bearish on the group all year long but we’re now getting to some levels here,” Maley said Thursday on…

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Wall Street expects two-year pause in big media and telecom M&A

Wall Street expects two-year pause in big media and telecom M&A

Sure, we may see CBS and Viacom merge next year. But there aren’t many obvious deals left. There are two major ways the media and telecommunications world could shift in the coming years. First, a huge technology company could buy a large media company. But again, that’s unlikely to happen before 2020. The second possible shift is the convergence of wireless and cable, such as Verizon or T-Mobile (whether or not it’s combined with Sprint)…

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Why are markets so volatile? JPMorgan guru thinks ‘fake news’ to blame

Why are markets so volatile? JPMorgan guru thinks ‘fake news’ to blame

“While higher volatility that comes with less monetary support warrants somewhat lower equity valuations, lower risk positioning, higher equity volatility and higher credit spreads, we think that the current divergence is simply too large,” Kolanovic said in the note. “To some extent, we trace the disconnect between negative sentiment and macroeconomic reality to the reinforcing feedback loop of real and fake negative news.” Kolanovic cited a combination of domestic political groups, analysts and foreign actors…

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Traders are making bullish bets that the pain might be over for Facebook

Traders are making bullish bets that the pain might be over for Facebook

It’s been a rough year for Facebook, but traders are betting the stock may soon see a bounce. On Friday investors bought more than 6,000 calls at the February 145 strike price, according to Investitute co-founder Pete Najarian. These particular calls expire on February 15th, so traders are betting the stock will bounce 3.85% by then. (Facebook closed at $139.63 on Thursday.) “It’s a big bet that they [traders] see some sort of rally coming…

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This one chart shows the confusion caused by the Trump administration

This one chart shows the confusion caused by the Trump administration

It has been a very confusing week for investors as the Trump administration continues to deliver mixed messages on the state of trade relations with China. Friday’s moves in the stock market highlight how difficult it has been for Wall Street to navigate through the conflicting headlines. On Friday morning, National Economic Council Director Larry Kudlow told CNBC’s “Squawk on the Street” that President Donald Trump would consider extending the current 90-day truce between the…

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Stocks are getting slammed — three experts weigh in on the selling

Stocks are getting slammed — three experts weigh in on the selling

Wall Street is seeing red. The Dow lost 4.5 percent this week, while the S&P ended the week down nearly 5 percent and still on pace for its worst quarter in seven years. This as the trade war jitters, Fed uncertainty and fears of slowing economic growth continue to weigh on investors. Three experts weigh in on what’s next for the markets and the Fed: • “The economy has some fragilities to it, and fault…

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How to create a home inventory

How to create a home inventory

“Create a home inventory.” It’s one of those to-do list items personal finance journalists (me included) often recommend, yet everyone tends to put off (also me). Polls from the Insurance Information Institute estimate roughly half of homeowners have a home inventory, a rate that hasn’t budged much over time. That’s not too surprising. Ignorance seems pretty blissful, compared with the tedious prospect of cataloging the contents of every kitchen drawer, bookshelf and stuffed closet. The…

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Get ready for more volatility from Apple, China

Get ready for more volatility from Apple, China

Starbucks: The coffeemaker’s Analyst Day will be nothing less than a “lovefest,” but an educational one, Cramer said. He’ll be on the lookout for newsmaking events, employee benefit upgrades and other special initiatives. “Starbucks is on a roll right now and I expect CEO Kevin Johnson will give us a road map for a return to robust growth in the United States,” Cramer said. “The company’s putting up some excellent numbers in China, too. Let’s…

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