CNBC's Jim Cramer analyzed the reasons behind the significant sell-off in Big Tech stocks on Wednesday, citing disappointment with earnings from Alphabet and Tesla. The S&P 500 and Nasdaq Composite experienced their worst days since 2022, with the latter falling 3.64%. Alphabet's stock dropped over 5%, while Tesla's plummeted more than 12%. Cramer attributed the sell-off to investors seeking to lock in gains and pivot to smaller-cap stocks.
TechAlpha | Rating: 53 | 2024-07-24 10:59:48 PM |
Stock futures rose after the S&P 500 and Nasdaq posted their worst session since 2022. The Dow Jones Industrial Average futures added 78 points, or 0.2%, while S&P 500 futures rose 0.2% and Nasdaq 100 futures advanced 0.3%. Ford Motor shares fell 10% after its second-quarter earnings missed expectations, while Chipotle, IBM, and ServiceNow saw gains after beating expectations.
FinanceNone | Duplicated with: 1 | Rating: 53 | 2024-07-24 10:19:40 PM |
US Vice President Kamala Harris' allies on Wall Street held a private Zoom call to strategize against former President Donald Trump. The call featured dozens of major financiers backing Harris, including CEOs, co-founders, and presidents of various organizations. The meeting lasted over an hour and included notable figures such as Marcy Lasry, Blair Effron, Ray McGuire, Robert Rubin, and others.
PoliticsHarris | Rating: 48 | 2024-07-24 09:59:29 PM |
Ford Motor's second-quarter earnings fell short of expectations due to warranty issues, causing its shares to drop 11%. Chipotle, on the other hand, exceeded earnings and revenue forecasts, with its shares rising nearly 2%. The burrito chain's profits increased from the previous year due to price hikes.
BusinessFord | Rating: 53 | 2024-07-24 09:19:30 PM |
Ford Motor Company reported a massive earnings miss in its second-quarter results, missing Wall Street's expectations due to ongoing warranty issues. The company maintained its 2024 earnings guidance, despite beating revenue expectations. Ford's shares fell 9% after markets closed. The automaker reported adjusted earnings per share of 47 cents, compared to analyst estimates of 68 cents.
BusinessFord | Rating: 48 | 2024-07-24 08:19:36 PM |
Chipotle Mexican Grill is expected to report its second-quarter earnings after the bell on Wednesday, with analysts expecting earnings per share of 32 cents and revenue of $2.94 billion. CEO Brian Niccol has denied claims that the size of bowls has shrunk, despite backlash from some customers on social media. Analysts predict a 9.2% rise in same-store sales for the second quarter.
BusinessChipotle | Rating: 51 | 2024-07-24 07:59:31 PM |
The CNBC Investing Club with Jim Cramer released an actionable afternoon update, as Wall Street slid into a sell-off mode. The tech-heavy Nasdaq fell over 3%, while the S&P 500 and Dow Jones Industrial Average declined by nearly 2% and 0.9%, respectively. Strong earnings in artificial intelligence-linked companies, such as Alphabet and Vertiv, were met with profit-taking.
TechNasdaq | Rating: 37 | 2024-07-24 06:59:35 PM |
The yield on the 10-year Treasury note has been lower than most of its shorter-dated counterparts, a phenomenon known as an inverted yield curve, which has preceded nearly every recession since the 1950s. This signal started flashing red in 2022 and hasn't stopped, but despite this, there's no sign of a recession or economic downturn.
EconomyTreasury | Rating: 53 | 2024-07-24 06:39:49 PM |
According to a LendingTree report, Huntsville, Alabama, is the most underrated city for homebuyers, topping the ranking of best overlooked metro areas for homeownership. The study evaluated 142 metropolitan areas outside of the 50 largest U.S. cities with populations of at least 250,000, considering factors such as median home value, homeownership rate, and median annual property taxes.
RealEstateNone | Rating: 53 | 2024-07-24 06:19:41 PM |
Institut auf dem Rosenberg, a private boarding school in St. Gallen, Switzerland, emphasizes the importance of financial education for students. Bernhard Gademann, the school's director, believes that not providing students with financial literacy training is 'stealing an opportunity for them being successful.' As of 2024, more than half of all US states already offer financial literacy classes in high schools.
FinanceNone | Rating: 48 | 2024-07-24 06:09:41 PM |