CNBC's Jim Cramer pinpoints the 10 drivers of the stock market's sell-off. Ten things need to change for the stock market to come back from its Monday declines , CNBC's Jim Cramer said as high-profile technology stocks Facebook FB and Apple AAPL led the major averages lower. Here are the various reasons that stocks are falling and what it would take for them to turn, according to Cramer: 1.
"We think there are a lot of great buys here we would be buying if you have a 6- to 12-month" timeline, says David Katz, CIO of Matrix Asset Advisors. Katz says eBay, Schlumberger and Alphabet are buying opportunities. The market sell-off has created a buying opportunity for investors who can afford to be a little patient, noted value investor David Katz told CNBC on Tuesday.
Target, which is still up substantially this year, is no General Electric (GE) sorting through underperforming businesses and realizing that it wasted so much money on stock buybacks that the ex-icon of America’s Industrial Might has a negative tangible book value. Or, put it this way: How much sense did it make when the market’s reaction to a weak report on home-builder sentiment and foot traffic at new-home communities was to sell off technology stocks? Julius was Julius Westheimer, who in my own misspent youth was a Baltimore stockbroker and denizen of the Baltimore Sun, where he was a columnist to my cub reporter, and a regular on Wall $treet Week, a public-TV stock-market show produced at Maryland Public TV.
Mike Wilson, Morgan Stanley, says this isn't a buy the dip market. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Pete Najarian, Dan Nathan and Guy Adami.
For weeks now, reports have trickled out that Apple is having trouble with iPhone XR demand. Analysts and other Apple watchers frequently parse through the tea leaves left by Apple suppliers and assemblers throughout the supply chain, and the Wall Street Journal wrote on Monday that that Apple slashed production plans by a third from the 70 million or so units it had been expecting to produce between September and February with its suppliers. At the same time, however, the iPhone 8 — and 8 Plus — have been experiencing strong demand, according to a report from the Nikkei Asian Review.
Reality continues to rain down on formerly high-flying big tech stocks. Sales growth in 2019 will probably be less explosive than 2018. Blame slowing user growth at the likes of Facebook (FB) or more competition for Amazon (AMZN) from the increasingly digitally savvy Target – the fact is the sales growth environment for big tech is taking a turn for the worse.
‘From a markets perspective, it’s going to be interesting. Paul Tudor Jones, a hedge-fund luminary, said he’s stress-testing his portfolio of corporate debt because he expects a tumultuous road ahead on the back of the Federal Reserve’s apparent commitment to normalizing interest rates and buttressed by corporate tax cuts from the Trump administration. Speaking at an economic forum in Greenwich, Conn., a hotbed for hedge funds, Jones said the Fed faces real challenges amid “the end of a 10-year run” of economic growth that many anticipate will soon come to a screeching, cyclical end.
Since March, President Donald Trump’s tough stance on fair trade practices has evaporated more than $1 trillion in market value. Such a drastic impact exponentially raises interest in safe dividend stocks to buy. Love him or hate him, we can all agree that Trump doesn’t have a conciliatory personality.
Eric Schmidt joined Google as CEO in 2001 and led the tech company for the next decade as the company grew from a start-up to a corporate behemoth, whose parent company, Alphabet, now has a market cap of over $740 billion . "They were super smart, somewhat disorganized kinds of people," Schmidt told Tyler Cowen on the " Conversations with Tyler " podcast. "The recruiting started off as informal, but it ultimately became very, very structured," Schmidt said.
Tech stocks have certainly gotten a lot cheaper over the last two months -- and that includes some names that were seen as bulletproof going into October. Here's a look at some tech names that are now trading at much lower multiples than they did going
There are certain steps you can take to protect your nest egg during divorce proceedings, and we’ll cover each one. A financial advisor can also serve as a valuable asset as you split property and financials in a divorce. How is a 401(k) Split in a Divorce?
It’s not just your perception that Apple can’t catch a break in this unforgiving market. It really has been the case that bad news has kept coming — and coming. If history is any guide, this stream of bad news is likely to continue before the outlook for Apple (AAPL) turns up.
Elon Musk, the Tesla and Boring Company CEO, is following through on his vow to sell “Lego-like” bricks. Musk has launched The Brick Store LLC, an offshoot of The Boring Company that will produce interlocking bricks made from dirt displaced from the tunnel-digging company’s machines. The new company filed a permit application in Hawthorne, California, asking permission to repaint a building that will serve as the Brick Store’s first brick-and-mortar location, TechCrunch reported.
While the deal will give Boston Scientific new products for the treatment of cancer and other disorders, it will add to the U.S. company’s debt. Boston Scientific “has takeout speculation in shares and thus doing a deal will be a perceived negative as far as the stock is concerned,” Holz said in a note to clients. Boston Scientific, a maker of stents that hold open damaged blood vessels, will pay 840 pence in cash per share, a 37 percent premium over BTG’s Monday closing price, according to a statement.
There are plenty of things that can ruin a person’s retirement plans — divorce, illness, job loss, overspending. A recent study has revealed for the first time the 10 biggest causes of financial regret among those who have retired or are near to retirement. The survey was conducted by researchers from the RAND Corporation and the Max Planck Institute in Munich, Germany.
Traders Joe Terranova, Sarat Sethi and Jon and Pete Najarian are joined by Meghan Shue, senior investment strategist at Wilmington Trust, to discuss stocks erasing 2018 gains.
Nissan Chairman Carlos Ghosn is expected to be ousted from his role at the company at the recommendation of CEO Hiroto Saikawa after allegations of serious misconduct that violate Japanese financial trading law. Ghosn and his Nissan colleague, Representative Director Greg Kelly, allegedly submitted false numbers to the Tokyo Stock Exchange securities report. Nissan said in a statement that the directors’ behavior constituted “clear violations of the duty of care,” and “numerous other significant acts of misconduct” had been uncovered in regards to Ghosn.
Struggling retailer Sears Holding Corp. this month asked a court to approve millions of dollars in bonuses to 18 company executives despite ongoing bankruptcy proceedings that led to the closures of dozens of store locations. The company wants to pay a total of $8.5 million in bonuses to the executives as well as a further $16.9 million in retention bonuses to 322 other high-level employees, the Wall Street Journal reported on Monday. Sears’ chief financial officer and chief digital officer are among the executives who would receive bonuses.
Investors that quickly pounded Target’s (TGT) stock Tuesday following a surprising third quarter earnings shortfall are missing the bigger picture. Credit Target’s push to remodel 1,000 stores by 2020 and it now being able to offer same-day delivery to millions of people in 46 states. An effort started in 2017 to be more competitive on prices with Walmart and Amazon and offer better customer service has helped, too.
U.S. stocks on Tuesday sank at the open, with the Dow Jones Industrial Average (DJIA) S&P 500 index (SPX) and the Nasdaq Composite Index (COMP) all erasing their gains for 2018, underscoring a withering rout for stocks since October that has thus far been underpinned by a steady retreat in technology and internet-related stocks. The Dow was down 575 points, or 2.3%, at 24,449, the S&P 500 index (SPX) sank 2 at 2,637, and the tech-oriented Nasdaq Composite Index (COMP) retreated a sharper 2.5% at 6,850, declining the sharpest among the main U.S. equity benchmarks.
Chipotle said Monday that the company has offered a fired St. Paul restaurant manager her job back after receiving more information about an incident where employees refused to serve five black men and asked them to prove they could pay before taking their order. "We will work to continue to ensure that we support a respectful workplace for our employees and our customers alike," Chipotle said. Employees accused the men of being repeat dine-and-dashers.
E-commerce's most dominant name, Amazon shares have pummeled the broader market for years now, racking up extraordinary gains. For investors willing to bear the short-term volatility of a long-term winner, Amazon's definitely one of the best tech stocks to buy for 2019 (and hold for decades). Its high-profile new HQ2 locations will add 50,000 high-level jobs as Amazon doubles down on investing in long-term growth.
Don’t own any Apple shares? With sentiment on Steve Jobs’ tech creation at its lowest level in some time, Apple’s market cap has shrunk to $850 billion from the $1 trillion mark it ceremoniously hit on Aug. 2. Apple’s (AAPL) bellwether status on Wall Street means the company’s performance and outlook is scrutinized even more than other companies.
Stocks plunged, with the S&P 500 and Dow erasing gains for the year. The S&P 500 (^GSPC) fell 1.82%, or 48.84 points, as of market close. The Dow (^DJI) tumbled 2.21%, or 551.8 points, and the Nasdaq (^IXIC) fell 1.7%, or 119.65 points.
Shares of Nvidia Corp. (nvda) are up 1.9% in Tuesday morning trading after noted short-seller Citron Research announced on Twitter that it had taken a long position in the stock. "This is the first time in two years [that the] stock offers an appealing risk-reward to investors," the firm said on Twitter. Nvidia is "still a player in AI and data" and "will eat through [its] inventory issue," the tweet said.