Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market update : Stocks are slightly higher on Tuesday in what’s generally been an up-and-down session. The big banks are having a strong day thanks to…
Check out the companies making the biggest moves midday: Semtech — The semiconductor maker rallied 17% on better-than-expected second-quarter results and strong third-quarter revenue guidance. The company posted a Q2 profit of 41 cents per share, excluding certain items, on revenue of $27.6 million. Analysts expected earnings of 40 cents per share on revenue of…
Eli Lilly Biotechnology Center is shown in San Diego, California, U.S. March 1, 2023. Mike Blake | Reuters Eli Lilly on Tuesday said its daily weight loss pill helped patients with obesity and Type 2 diabetes shed weight in a late-stage trial, meeting the study’s main goal and clearing the way for the company to…
Shares of Viking Therapeutics plunged Tuesday after the company released midstage trial data on its obesity pill that disappointed investors. The biotech company’s stock price dropped to about $23.80 as of Tuesday morning, from $42.09 at Monday’s close, a roughly 43% plunge. Viking’s market cap now sits at about $2.69 billion, down from more than…
The stock market ended the week higher as Wall Street speculated on how a spate of economic releases would impact the Federal Reserve’s next interest rate decision. The S & P 500 and Nasdaq both gained nearly 1% over the past five sessions. Both benchmark gauges hit several record closes this week, with the S…
CNBC’s Jim Cramer on Thursday said that although the market may be frothy, investors shouldn’t quit because there are enough positive stock stories to overwhelm the froth with rationality. Cramer used the dotcom bubble burst as an example. During that time in the late 1990s, he said froth involved the market’s continuous roar based on,…
A week removed from a brutal payroll report that triggered worry over a tapped consumer and a trapped Federal Reserve, the broad stock indexes are back at the cusp of all-time highs, market volatility has returned to year-to-date lows and some investors are calling off the August hurricane watch. The S & P 500’s 2.4%…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 6, 2025. Jeenah Moon | Reuters Stock futures rose on Thursday, led by tech, as President Donald Trump unveiled new chip tariffs that include broad exemptions. Futures tied to the Dow Jones Industrial Average added 249 points,…
Check out the companies making headlines before the bell. Eli Lilly — The pharmaceutical stock dropped more than 7% despite posting a second-quarter earnings and revenue beat . The company also raised guidance for both its full-year earnings and revenue. Meantime, Eli Lilly reported that the highest dose of an experimental daily pill helped patients…
It was a dizzying week on Wall Street. The S & P 500 closed this past Monday at a record high and then went on a four-session losing streak. Friday was particularly unsettling as terrible jobs data slammed the market and triggered President Donald Trump . Trump started the day by slamming Federal Reserve Chairman…
