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Monthly Archives: September 2018

Facebook, Twitter and Snap got crushed this week, but one could bounce

Social stocks have been rocked this week after Facebook and Twitter execs got a grilling from Congress, sparking worries over increased regulation. Over the past week, Snap and Facebook have fallen by 7 percent, and Twitter by 11 percent. One of those stocks could be setting up for its second …

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Trump talks about trade talks with Japan

Jim Watson | AFP | Getty Images Japan’s Prime Minister Shinzo Abe talks to US President Donald Trump during the opening ceremony of the 31st Association of Southeast Asian Nations (ASEAN) Summit in Manila on November 13, 2017. President Donald Trump said Friday that he has started trade talks with …

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‘I don’t even look at the stock anymore,’ says Cramer

Tesla’s skeptics have called into question the state of the company’s financial position. It lost nearly $2 billion last year, and through the first two quarters this year it has burned through about $1.8 billion in cash after capital investments. The company had $2.2 billion in cash at the end …

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Job gains, wage growth show Trump’s ‘economic boom continues’

Al Drago | Bloomberg | Getty Images Larry Kudlow, director of the U.S. National Economic Council, speaks to members of the media outside the West Wing of the White House in Washington, D.C., on Thursday, Aug. 16, 2018.  White House economic advisor Larry Kudlow is extremely optimistic about the U.S. …

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Musk should not be running a public company

Tesla CEO Elon Musk’s marijuana “stunt” during a live interview was ill-advised and casts serious doubts about his ability to run the electric automaker, CNBC’s Jim Cramer said Friday. “[This is] the behavior of a man who should not be running a public company,” Cramer said on “Squawk on the …

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Bank of America says buy Micron shares on dip because of the ‘favorable’ chip market

Kai Pfaffenbach | Reuters A booth of Micron Technology at an industrial fair in Frankfurt, Germany. The recent dip in Micron’s stock is a great buying opportunity, according to Bank of America Merrill Lynch. The firm reiterated its buy rating for Micron shares, predicting strong financial results for the memory …

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If up to me, I’d shut down the government over border security

Leah Millis | Reuters President Donald Trump disparages the New York Times as he speaks following a meeting with sheriffs from across the country at the White House in Washington, September 5, 2018. President Donald Trump said he won’t consider a government shutdown over funding for his proposed border wall …

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Deutsche Bank shares dip after report that China’s HNA plans to sell its stake

Krisztian Bocsi | Bloomberg | Getty Images The Deutsche Bank AG logo sits on an office building in Frankfurt, Germany. HNA Group, one of China’s largest conglomerates and the owner of a $40 billion-plus empire of businesses and company stakes, will be exiting its 7.6 percent stake in Germany’s Deutsche …

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Five Below, GameStop & more

Daniel Acker | Bloomberg | Getty Images A shopper browses a selection of body boards outside a Five Below store in Bloomington, Illinois, on Wednesday, July 25, 2018.  Check out the companies making headlines after the bell: Five Below shares jumped more than 7 percent in after-hours trading after the …

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NFL’s Kendricks pleads guilty to insider trading scheme

Nick Cammett | Diamond Images | Getty Images Linebacker Mychal Kendricks of the Cleveland Browns during a preseason game against the New York Giants at MetLife Stadium in East Rutherford, New Jersey, August 8, 2018. Former NFL player Mychal Kendricks faces 25 years in prison after pleading guilty to insider …

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