Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch – an actionable afternoon update, just in time for the final hour of Wall Street trading. Markets: The S&P 500 briefly touched 6,000 as record gains continued. It’s the fourth straight positive session for the broad-based index, which has risen nearly 4% since … Read more
Wall Street analysts feel good about one of our retail stocks, but worried about another. Home Depot news Telsey Advisory Group, a leader in retail industry analysis, upgraded Home Depot stock to an outperform buy on Friday. The research firm also raised its 12-month price target to $455 per share from $360, implying nearly 14% … Read more
Check out the companies making headlines before the bell. Trump Media & Technology Group — Shares of President-elect Donald Trump’s media company fell another 4.6% in premarket trading after a 23% drop in the previous session. The stock, which trades under Trump’s initials DJT, has given up Wednesday’s rally sparked by Trump’s election victory. It … Read more
Check out the companies making headlines in extended trading: Rivian — The electric vehicle maker added nearly 2% despite missing top and bottom lines in the third quarter. Rivian posted an adjusted loss of 99 cents per share on $874 million in revenue. Analysts polled by LSEG had forecast a loss of 92 cents per … Read more
The Federal Reserve approved its second consecutive interest rate cut on Thursday, moving at a less aggressive pace than before but continuing its efforts to get monetary policy right. Following September’s big half-percentage point cut, the Federal Open Market Committee cut its benchmark overnight lending rate by a quarter of a percentage point, or 25 … Read more
The labor market will be the focus of Powell’s remarks, says DA Davidson’s Ragan Fed officials’ current view of the labor market could be one of the key takeaways from Powell’s press conference on Thursday, according to James Ragan, director of wealth management research at DA Davidson. “The biggest thing he can talk about is … Read more
Check out the companies making headlines in midday trading. Dutch Bros – Shares surged more than 32% after the coffee chain’s better-than-expected third-quarter results. Dutch Bros. earned 16 cents per share on revenue of $338 million for the period, while analysts polled by LSEG had penciled in 12 cents per share on revenue of $325 … Read more