Novogratz says crypto having a ‘Long Term Capital Management moment’

Novogratz says crypto having a ‘Long Term Capital Management moment’

Michael Novogratz Anjali Sundaram | CNBC Crypto investor Michael Novogratz is drawing parallels between crypto and Long Term Capital Management, a highly leveraged hedge fund that blew up in the late 1990s. “We are going through what feels to me a little bit like a Long Term Capital Management moment in crypto,” Novogratz said on … Read more

Adobe CEO says e-commerce is seeing price decreases, expects strong future for online shopping

Adobe CEO says e-commerce is seeing price decreases, expects strong future for online shopping

Several categories of e-commerce are seeing price decreases and support the expectation that digital shopping among consumers will hold strong, Adobe chief executive Shantanu Narayen told CNBC’s Jim Cramer on Thursday. “When you look at the total expense, in addition to the macroeconomics, where there may be a little bit more concern, what’s happening is … Read more

Cramer warns investors not to bank on digitization stocks

Cramer warns investors not to bank on digitization stocks

CNBC’s Jim Cramer on Wednesday advised investors to think twice before investing in digitization stocks while the possibility of a recession looms over the market. “You can’t justify owning these unless you believe the [Federal Reserve] will quickly beat inflation without needing to do much more to damage the economy. I think that’s a real … Read more

$150 oil won’t cripple economy, market: JP Morgan’s Marko Kolanovic

0 oil won’t cripple economy, market: JP Morgan’s Marko Kolanovic

JP Morgan’s Marko Kolanovic predicts oil is surging higher—but so are stocks. Kolanovic, who serves as the firm’s chief global markets strategist and co-head of global research, believes the US economy is strong enough to handle oil prices as high as $150 a barrel. “There could be some potential further spikes in oil, especially given… … Read more

Buy the dip in oil stocks, stay away from everything else

Buy the dip in oil stocks, stay away from everything else

CNBC’s Jim Cramer on Monday said the only stocks investors should be buying the dip on are oil names. “I want to be kind to this market and tell you it’s the same old buy the dips game plan. But in reality, the only dip that can be bought right now, at least, is the … Read more

RBC cuts S&P 500 outlook, sees a possible trade developing in small caps

RBC cuts S&P 500 outlook, sees a possible trade developing in small caps

RBC slashed its S&P 500 year-end target, citing a slowing economy. However, the Wall Street firm found a bright spot in small-cap stocks, which are looking more attractive. The bank trimmed its S & P 500 2022 price target to 4,700 from 4,860 previously, according to a Monday note from Lori Calvasina, RBC’s head of … Read more

Stock futures fall slightly as investors dwell on health of the economy

Stock futures fall slightly as investors dwell on health of the economy

US stock futures were slightly lower Wednesday night as economic concerns dragged down investor sentiment. Futures tied to the Dow Jones Industrial Average edged lower by 58 points, or 0.18%. S&P 500 futures dipped 0.14%, and Nasdaq 100 futures were lower by 0.15%. Shares of pet retailer Chewy surged after hours by nearly 20% after … Read more

Cramer’s lightning round: Stay away from CoreCivic

Cramer’s lightning round: Stay away from CoreCivic

Loading chart… CoreCivic Inc: “Let’s just stay away.” Loading chart… Inmode Ltd: “If you want med tech, you just want Edwards Lifesciences.” Loading chart… Western Midstream Partners LP: “This one’s got a great yield, really good story.” Loading chart… SGHC Limited: “They are doing well, and I don’t say that idly.” Loading chart… Enterprise Products … Read more

Elon Musk and Cathie Wood knock passive index investing, saying it’s gone too far

Elon Musk and Cathie Wood knock passive index investing, saying it’s gone too far

Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida. Mark Bello | Getty Images Elon Musk and Cathie Wood took aim at index funds in a Twitter thread, arguing that passive investments … Read more

Twitter, SeaWorld, Shopify and more

Twitter, SeaWorld, Shopify and more

Check out the companies making headlines before the bell: Twitter (TWTR) – Twitter rose 1.5% in premarket action after Elon Musk detailed $7.2 billion in financing commitments for his deal to buy the company. An SEC filing shows Oracle co-founder Larry Ellison and investor Ron Baron are among those committing funds. SeaWorld (SEAS) – The … Read more