Fund manager names a stock to own in case of recession
As recession fears grip equity markets and consumers come under pressure, outperformance fund manager Sean Peche is betting on an unexpected retail player: French multinational Carrefour. Peche, a portfolio manager at Ranmore Fund Management, highlighted the company’s defensive nature and…
Buy tech stocks like Nvidia amid uncertainty, says BofA
According to Bank of America, there are still plenty of top tech stocks to buy despite ongoing market turmoil. The Wall Street bank named several companies that analysts are selling at an attractive entry point. CNBC Pro combed through Bank…
Why tech companies buy nuclear power for their data centers
A cooling tower at the Constellation Nine Mile Point nuclear power plant in Scriba, New York, USA, on Tuesday, May 9, 2023. Lauren Petracca | Bloomberg | In the race to provide clean energy for artificial intelligence, technology companies are…
Analyst stocks to watch on Friday: Nvidia, Amazon and more
Here are the key calls from Wall Street on Friday: Mizuho reiterates Nvidia as a buy Mizuho raised its price target on the stock to $132 per share from $127.50 “We highlight upcoming NVDA earnings on August 28. Adjusting NVDA…
News Corp considers selling its Australian pay-TV and streaming division
The Foxtel headquarters is seen in North Ryde, Sydney on June 20, 2012. Cameron Spencer | News from Getty Images | Getty Images Rupert Murdoch’s News Corp said it may sell Australian cable television and streaming unit Foxtel after receiving…
What is likely to move the market
Traders work on the trading floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 8, 2024. Brendan McDermid | Reuters Stocks @ Night is a daily newsletter sent after the market closes, giving you a…
Nvidia loses $900 billion in value even as AI spending rises
(Bloomberg) — On the surface, Nvidia Corp.’s $900 billion selloff since its record year in June would suggest that the artificial intelligence spending boom that propelled the company there is cooling. But the undercurrents tell a far less grim story….
Warner Bros. Discovery (WBD) earnings Q2 2024
A sign is seen in front of the Warner Brothers Discovery Techwood Turner Broadcasting campus in Atlanta, Georgia on June 26, 2024. Kevin Dietsch | Warner Bros. DiscoveryThe company’s shares fell on Wednesday after the company reported $9.1 billion in…
Here’s why Eli Lilly is in the red heading into its earnings announcement – and how to take advantage
Every weekday, CNBC Investing Club with Jim Cramer hosts a livestream of the “Morning Meeting” at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. U.S. stocks rose on Wednesday after ending the market’s three-day losing streak in…
