CNBC’s Jim Cramer says stock market is in ‘a very serious correction’ — and there’s nowhere to hide

Jim Cramer, CNBC’s “Mad Money” host and a prominent fixture among market commentators, on Monday said the market is enduring “a very serious correction,” underscored by the fact that there are few fundamental reasons for the market’s current downtrend. During CNBC’s “Halftime Report,” Cramer said notable is a slump in shares of so-called FANG names — the highflying quartet of Facebook Inc. (FB) Amazon.com Inc. (AMZN) Netflix Inc. (NFLX)and Google parent Alphabet Inc. (GOOGL)(GOOG) that are among the most influential on Wall Street due to their massive market values and the degree by which investors have piled into those investments for hope of consistent growth. All of those companies are in a corrective phase, defined as a drop of at least 10% from a recent peak, and Netflix and Facebook shares have shed around a third of their values since hitting 52-week peaks.

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  Cramer Remix: When the market brings this sector down, th...

  CNBC Videos
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  Cramer says Fed's Powell can save economy before it's too...

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The 9 Best Stocks to Buy for the Next Decade

A few years ago, InvestorPlace contributor Dan Burrows highlighted the 10 best-performing S&P 500 stocks of the past decade. A classic example of how true this is involves the Fidelity Magellan Fund (MUTF:FMAGX), the large mutual fund made famous by portfolio manager Peter Lynch. Fidelity studied the returns of Fidelity Magellan unitholders over those 13 years to see how they compared to the legendary portfolio manager.

• Jeff Bezos to employees: 'Amazon will fail' but we need to delay it

  Fox Business
• Jeff Bezos to employees: 'One day, Amazon will fail' but our job is to delay it as long as possible

  CNBC

Four Ways GE’s Crisis Could Play Out

The dramatic decline has left investors wondering about the worst-case scenario for the industrial icon. As new Chief Executive Officer Larry Culp tries his hand at a turnaround, the possibilities span everything from a prolonged fight for survival to a swift journey to the junkyard. Revenue growth and profit margins might suffer, but GE would have a shot at regaining a higher credit rating and reflating its dividend, winning back investors.

Hedge-fund boss who predicted ‘87 crash says get ready for some ‘really scary moments’

‘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.

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  Paul Tudor Jones: We are in a global debt bubble

  CNBC Videos
• Billionaire Paul Tudor Jones Wants to “Modernize” Capitalism

  Barrons.com

Regulator 'stunned and terrified' after causing PG&E stock surge

PG&E's stock had slumped over 60 percent since the state's deadliest-ever wildfire broke out last week on fears that without help from California's government, the utility could go bankrupt should it eventually be found responsible. The fire destroyed the town of Paradise and has killed at least 63 people. California Public Utilities Commission President Michael Picker told Reuters on Friday that utilities must be able to borrow money cheaply in order to properly serve ratepayers.

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  PG&E Credit Cut to Brink of Junk by Moody's on Wildfire Risk

  Bloomberg
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  Why PG&E, Sonos, and LGI Homes Jumped Today

  Motley Fool

Facebook Morale Suffers Another Hit as Shares Drop

On Thursday, Facebook Inc. employees returned to work in the aftermath of yet another corporate scandal. The night before, the New York Times had reported that Sheryl Sandberg, Facebook’s chief operating officer, worked behind the scenes to prevent the company’s board and the public from understanding the full extent of Russia’s misinformation campaign on the social network. The employees were used to the public microscope.

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  Management guru Sonnenfeld slams Facebook COO Sandberg, saying she 'probably should be replaced'

  CNBC
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  Facebook firing Sheryl Sandberg would be a 'terrible' mis...

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Upset by Trump's Iran waivers, Saudis push for deep oil output cut

When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so. "The Saudis are very angry at Trump.

• 'Duped,' 'tricked' and 'snookered': Oil analysts say Trump fooled Saudis into tanking crude prices

  CNBC
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  Saudi Arabia is slashing oil shipments to US, a tactic that boosts prices and may rile Trump

  CNBC

Nvidia has a Pascal problem, and its stock is plunging after earnings

Nvidia Corp. shares plunged in the extended session Thursday after the chipmaker’s earnings and outlook fell short of Wall Street estimates and a cratering in cryptocurrency sales helped build up an excess inventory of older gaming chips. Nvidia (NVDA) shares plunged 18% after hours, following a 2.6% rise to close the regular session at $202.39. Nvidia shares had already declined 21.9% in the past three months, as the PHLX Semiconductor Index (SOX) has declined 7.4% and the S&P 500 index (SPX) dropped 4.1%.

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  Nvidia Gives Lackluster Forecast on Inventory, Shares Plunge

  Bloomberg
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  NVIDIA Corp. Earnings: A Harsh Cryptocurrency Hangover

  Motley Fool

Cramer: Don't buy shares of Nvidia—the chipmaker is in th...

Jim Cramer tells investors to steer clear of Nvidia's stock as it hovers near its 52-week lows.

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  Nvidia in the penalty box for now

  CNBC Videos
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  Jim Cramer takes on the Fed — again

  CNBC Videos

'I Didn't Sleep Well Last Night:' Analysts Predict Bitcoin Has Further to Fall

After months of tranquility that became the envy of equity investors, The biggest cryptocurrency roared back into the public consciousness this week with the biggest sell-off since August, another fork and a cameo in a major semiconductor earnings report. Bloomberg Intelligence says the drama’s just starting. Many of Bitcoin’s closest peers, including XRP, the cryptocurrency also known as Ripple, fell in tandem.

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  As Crypto Prices Tumble, Mike Novogratz Pounds the Table on Real Estate Tokenization

  CCN
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  Why Did Crypto Market Experience a $27 Billion Wipeout? Experts Discuss Factors

  Cointelegraph

Don’t Sell Advanced Micro Devices Stock Because of Nvidia

A case of tough love for Advanced Micro Devices (NASDAQ:AMD) just got a bit more difficult, as misery loves company in a challenging market environment. If investors can look smartly past the latest bear market warnings, it’s time to put AMD stock on the radar for buying. Blame it on Nvidia (NASDAQ:NVDA).

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  NVIDIA's Earnings Were Solid, but Stock Plunges 17% on Weak Outlook Due to "Crypto Hangover"

  Motley Fool
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  Nvidia stock sent crashing after missed earnings

  CNBC Videos

Is Micron Stock Going to Double or Get Cut in Half?

It’s not, and all we need to do is look at Micron Technologies (NASDAQ:MU) to realize it. MU stock has traded a low valuation for the last few years and yet, it was never a catalyst that pushed the stock higher. Of course, Micron stock has gone higher, but that’s only as the DRAM cycle held up better than many investors and analysts were expecting.

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  Stock Market News: Nasdaq Reverses Higher On Trade-Talk Optimism

  Investor's Business Daily
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  Why Micron Technology Stock Is Down 7.5% So Far in 2018

  Motley Fool

How JCPenney execs magically stopped the stock from crashing below $1.00

If but for one day, JCPenney (JCP) executives managed to prevent their badly beaten up stock crashing below $1.00 after another dismal quarter. Shares of the struggling department store indicated to open down an alarming 14% on Thursday after the company said same-store sales tanked 5.4% in the third quarter. Further, the company lost $151 million and it opted to pull its full year guidance to give new CEO Jill Soltau time to assess the business.

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  Walmart boosts outlook, JCPenney falls short, Victoria’s Secret CEO leaving

  Yahoo Finance Video
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  JCPenney sliding after weak earnings

  Yahoo Finance Video

Ray Dalio: Fed raised rates to the point where they're hu...

Ray Dalio, Hedge Fund giant Bridgewater Associates, joins 'Squawk Box' to discuss markets, the Fed and interest rates.

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  Ray Dalio says the world is long stocks and that will mean trouble in a bear market

  CNBC
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  Billionaire investor Dalio: Fed rate hikes ‘hurting asset prices’

  MarketWatch

Valuation Whiz Calls GE ‘Significantly Undervalued’ After Sell-Off

“I believe that the market has over-corrected for GE’s many faults, and at the current stock price, that it is significantly undervalued,’’ Aswath Damodaran, a finance professor at New York University, said Wednesday in an analysis on his website.

The Entire Cryptocurrency Scene—Including Bitcoin—Is Plummeting Again. These Might Be the Reasons Why

For months, the price of Bitcoin has been hovering around the mid-$6,000s mark. The most popular cryptocurrency has plummeted by 12% over the last day, hitting a value of little more than $5,500. The total market capitalization for Bitcoin now stands at $96 billion—the first time the market cap has fallen below $100 billion since October last year.

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  Breaking: Bitcoin Cash Hard Forks — BCH Hash War Begins

  CCN
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  Crypto Investors Are Trying to Save Their Funds Amid Bitcoin Crash

  FX Empire

Cryptocurrency chill causes mining speculator Nvidia's stock to plunge

The cryptocurrency market is an exciting one, but it's also unpredictable — and when things go south, they take related businesses with them. Nvidia, a hardware giant that has been riding the cryptocurrency wave, saw its stock price take a double-digit hit as it reported vanishing demand for GPUs specializing in crypto-mining. It's been a wild year in the GPU market at there were points when ordinary gamers, who have relied on Nvidia for years for the powerful cards used to play the latest games, found inventory scarce for the company's latest generation of hardware.

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  The crypto party is over for Nvidia

  Quartz
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  'Crypto hangover' hammers Nvidia's outlook, shares drop 17 percent

  Reuters

Google parent Alphabet’s stock becomes 2nd FANG to produce ‘death cross’ and Netflix is next

Google parent Alphabet Inc.’s stock chart has just produced a bearish “death cross” chart pattern for the first time in over two years, that may put the future of the internet giant’s 7-year old bull market in doubt. Some chart watchers believe the cross marks the spot when a shorter-term slump morphs into a longer-term downtrend. The last time Alphabet’s stock (GOOGL)produced a death cross was June 24, 2016.

Nvidia loses an AMD worth of market cap on worst day for stock in more than a decade

Nvidia Corp.’s stock plummeted Friday for its worst one-day drop in more than a decade, as a disappointing earnings report cost the graphics-chip specialist more than $23 billion in market capitalization. Nvidia (NVDA) shares closed down nearly 19% at $164.43 in heavy trading, and are now down 15% for the year. Shares closed at their lowest price since Sept. 8, 2017, when they finished at $163.69, and the company’s market capitalization finished the day just below $100 billion at $99.97 billion.

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  Nvidia Gives Lackluster Forecast on Inventory, Shares Plunge

  Bloomberg
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  NVIDIA Corp. Earnings: A Harsh Cryptocurrency Hangover

  Motley Fool