The exchange-traded fund industry is trying to make pair-trade strategies more accessible to everyday investors. Tidal Financial Group’s Michael Venuto filed last month for eight two-stock ETFs: going long one stock and short the other. “They should come out probably in about two or three months,” Venuto, the firm’s chief investment officer and co-founder, said on CNBC’s…
CNBC’s Jim Cramer on Friday identified what to look out for next week on Wall Street, highlighting earnings from Home Depot, Disney and new consumer price index data from the Labor Department. Cramer also reflected on the Trump-fueled market rally over the past few days, saying there are likely more gains to come. “Stocks are…
Dutch Bros. CEO Christine Barone described the coffee chain’s cross-country expansion plans in a Friday interview with CNBC’s Jim Cramer, saying it may be some time before the Oregon-based company opens stores in the Northeast region. “We’re really growing in a contiguous way, so that we’re growing across states that are next to each other,”…
dowell | Moment | Getty Images Before the election, some advisors increased Roth individual retirement account conversions for clients amid the threat of higher taxes after 2025. Now, tax hikes are less likely under President-elect Donald Trump. However, demand for Roth conversions will continue as investors seek long-term tax planning strategies, experts said. “In general,…
This illustration shows an image of President-elect Donald Trump next to a phone screen that is displaying the Truth Social app, in Washington, D.C., on Feb. 21, 2022. Stefani Reynolds | AFP | Getty Images Trump Media shares soared Friday after President-elect Donald Trump reaffirmed he has no plans to sell off his stake in…
Bill Ackman, CEO of Pershing Square Capital Management, speaks during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” in New York on Nov. 28, 2023. Jeenah Moon | Bloomberg | Getty Images Universal Music Group, home to stars including Taylor Swift, Billie Eilish and Drake, will move its primary stock exchange…
Elon Musk on stage before Republican presidential nominee former President Donald Trump speaks at a rally at Madison Square Garden in New York, NY on Sunday, October 27, 2024. The Washington Post | The Washington Post | Getty Images Shares of Tesla climbed more than 6% in mid-morning trading Friday, pushing the electric vehicle maker’s…
As we’ve talked about the past few days, we want to capitalize on the recent market strength to lighten up on stocks we deem lesser quality.
Rivian Automotive lowered its earnings forecast for the year after missing Wall Street’s third-quarter expectations, including a significant miss in revenue. Here is how the company performed in the quarter, compared with average estimates compiled by LSEG: Loss per share: 99 cents adjusted vs. a loss of 92 cents expected Revenue: $874 million vs. $990 million expected…
Affirm, the provider of buy now, pay later loans, reported better-than-expected fiscal first-quarter results. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Loss per share: 31 cents adjusted vs. a loss of 35 cents expected Revenue: $698 million vs. $664 million expected Affirm reported gross merchandise volume, or GMV, of $7.6 billion,…
