The S&P 500 Index ($SPX ) (SPY ) today is up +0.24%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.26%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.29%. June E-mini S&P futures (ESM26 ) are up +0.20%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.24%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.26%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.29%. June E-mini S&P futures (ESM26 ) are up +0.20%, and June E-mini Nasdaq futures...
The United Arab Emirates is considering building an additional pipeline for refined products that would bypass the Strait of Hormuz and carry fuels to the country’s east coast. Abu Dhabi National Oil Co. , which is already building a crude pipeline to double the capacity of oil it can pump to the port of Fujairah on the UAE’s eastern coast, may “potentially” build an oil products conduit, Philippe...
The United Arab Emirates is considering building an additional pipeline for refined products that would bypass the Strait of Hormuz and carry fuels to the country’s east coast. Abu Dhabi National Oil Co. , which is already building a crude pipeline to double the capacity of oil it can pump to the port of Fujairah on the UAE’s eastern coast, may “potentially” build an oil products conduit, Philippe Khoury, executive vice president for sales & trading, said at S&P Global’s Middle East Petroleum & Gas Conference in London. The existing 1.5 million barrel-a-day link from the UAE’s oil fields to its eastern coast has proved to be a lifeline during the Middle East conflict that’s brought the vital Strait of Hormuz to a near-halt. The existing pipeline has helped the UAE continue to supply markets, offsetting the hit to oil revenue as Iran practically shut the normal route through Hormuz soon after the war began in late February. Read more: UAE Will Double Oil Export Capacity Bypassing Hormuz by 2027 Adnoc is accelerating an expansion that it had already been planning.
The women building these over-the-top, bedazzled cyberdecks aren’t in it for the glitter alone. This trend is reaching its peak at a time when people feel powerless against big tech.
The women building these over-the-top, bedazzled cyberdecks aren’t in it for the glitter alone. This trend is reaching its peak at a time when people feel powerless against big tech.
Gorlov/iStock via Getty Images Regular readers will know that throughout this year, my view of the Federal Reserve's target rate has become bleaker and bleaker as the months have gone on. Back in January, I was proclaiming that “ The Fed Will Hold Interest Rates Until June .” To my credit, that's come true, but at the time I was very dovish about the June part, and I believed that we'd be coming u...
Gorlov/iStock via Getty Images Regular readers will know that throughout this year, my view of the Federal Reserve's target rate has become bleaker and bleaker as the months have gone on. Back in January, I was proclaiming that “ The Fed Will Hold Interest Rates Until June .” To my credit, that's come true, but at the time I was very dovish about the June part, and I believed that we'd be coming up on a pivot at the next FOMC meeting. I grew more hawkish throughout the year, seeing inflation be stickier than I expected, now because of the U.S.-Iran war driving energy prices higher. Two months ago, I reiterated my long-term dovish outlook but with tempered expectations about the rest of this year in “ No, the Fed Isn't Going To Raise Rates .” Now, as we get into June and stare down the first FOMC meeting with the new Fed chair, Kevin Warsh, my rate outlook has never been bleaker and more hawkish. I still think we're at the terminal rate, and I still don't believe that the Fed will raise rates, but there's basically no chance of a cut now. Rates may be held not just through the rest of this year but next year too. Data by YCharts Dissent Is Getting Louder at the FOMC The stage has been set for a while now, with Fed governors and regional bank presidents dissenting on given statements at a higher and higher rate as Chair Powell's term came to an end. I expect Warsh to inherit this same dynamic, only now with Powell as one of the governors. I'm sure he will use his dissent strategically. Charting the Rubicon What started three months ago as talk from the FOMC of “looking through the energy shock” is now talk from governors that they are “considering the balance of risks.” Notable doves like Governor Bowman (no relation) were recently probed on the issue of inflation, and even she's starting to be more publicly open to the possibility of needing to readjust. It still seems early to assess the size and persistence of the economic effects from the Iran conflict... should d...
Apple (NASDAQ:AAPL) at $306.31 looks fully priced. After a sharp rally past $4.5 trillion market cap, the debate has shifted from whether Apple can grow to whether the current price already reflects everything going right. Apple sells iPhones, Macs, iPads, wearables, and a fast-scaling Services business spanning the App Store, iCloud, advertising, payments, and entertainment. ... Buy, Hold, or Sel...
Apple (NASDAQ:AAPL) at $306.31 looks fully priced. After a sharp rally past $4.5 trillion market cap, the debate has shifted from whether Apple can grow to whether the current price already reflects everything going right. Apple sells iPhones, Macs, iPads, wearables, and a fast-scaling Services business spanning the App Store, iCloud, advertising, payments, and entertainment. ... Buy, Hold, or Sell: Apple Over $300?
Marta Kostyuk dedicates her match against compatriot Elina Svitolina to Ukraine after becoming the first woman from her nation to reach the singles semi-finals at Roland Garros.
Marta Kostyuk dedicates her match against compatriot Elina Svitolina to Ukraine after becoming the first woman from her nation to reach the singles semi-finals at Roland Garros.
Realtor.com® today launched RealAssist™ AI, an AI-first home search experience built with Google's Gemini and Google Cloud that helps buyers find a home through natural conversation and AI smart prompts. From the very first question, through the complex early stages of pre-search and discovery, to connecting with an agent, all the way to closing, it understands consumers' home journey needs. RealA...
Realtor.com® today launched RealAssist™ AI, an AI-first home search experience built with Google's Gemini and Google Cloud that helps buyers find a home through natural conversation and AI smart prompts. From the very first question, through the complex early stages of pre-search and discovery, to connecting with an agent, all the way to closing, it understands consumers' home journey needs. RealAssist™ AI allows them to search the way they naturally talk, anticipating where their search is goin
Spokesperson says function is in line with official guidance as scrutiny of papers relating to Peter Mandelson continues UK politics live – latest updates Keir Starmer’s WhatsApp messages automatically delete from his smartphone, Downing Street has confirmed, calling into question how full a picture emerged of his role in the appointment of Peter Mandelson from a recently released tranche of gover...
Spokesperson says function is in line with official guidance as scrutiny of papers relating to Peter Mandelson continues UK politics live – latest updates Keir Starmer’s WhatsApp messages automatically delete from his smartphone, Downing Street has confirmed, calling into question how full a picture emerged of his role in the appointment of Peter Mandelson from a recently released tranche of government documents . Asked at a briefing whether Starmer uses the function on his WhatsApp messages, the prime minister’s spokesperson said he “does use disappearing messages”, adding that this was in line with official guidance on the use of so-called non-corporate communications. Continue reading...
The Vita Coco Company ( COCO ), PriceSmart ( PSMT ), and BBB Foods ( TBBB ) ranked among the market's least attractively valued mid-cap U.S. consumer staples stocks based on their valuation grades. The valuation grade measures how expensive or inexpensive a stock is relative to others in its sector. It incorporates several metrics, including P/E, PEG, price-to-sales, and price-to-cash-flow ratios,...
The Vita Coco Company ( COCO ), PriceSmart ( PSMT ), and BBB Foods ( TBBB ) ranked among the market's least attractively valued mid-cap U.S. consumer staples stocks based on their valuation grades. The valuation grade measures how expensive or inexpensive a stock is relative to others in its sector. It incorporates several metrics, including P/E, PEG, price-to-sales, and price-to-cash-flow ratios, using both current and forward-looking estimates. The overall grade is calculated from these underlying metrics and indicates how attractively a stock is valued compared with its sector peers. Most expensive U.S. stock by valuation grade (market cap between $2B and $10B): The Vita Coco Company ( COCO ) F PriceSmart ( PSMT ) F BBB Foods ( TBBB ) F Celsius Holdings ( CELH ) D- e.l.f. Beauty ( ELF ) D- Primo Brands ( PRMB ) D- WD-40 Company ( WDFC ) D- National Beverage ( FIZZ ) D The Andersons ( ANDE ) D+ The Chefs' Warehouse ( CHEF ) D+ More on Consumer Staples National Beverage: Insider Dominance And Alignment Risks e.l.f. Beauty, Inc. (ELF) Discusses Guidance and Drivers of Organic Sales Trends Transcript e.l.f. Beauty: Near-Term Consumer Challenges, But Now A Long-Term Bargain BBB Foods announces proposed follow-on offering Highest and lowest quant-rated mid-cap consumer staples stocks after earnings
Angry phone call took place after Iran said it would suspend talks with US over Israel’s Lebanon campaign, Axios reports Middle East crisis – live updates Donald Trump angrily confronted Benjamin Netanyahu over Israel’s threats to resume airstrikes on Beirut’s southern suburbs, according to a report. “What the fuck are you doing?” the US president shouted at the Israeli prime minister during the p...
Angry phone call took place after Iran said it would suspend talks with US over Israel’s Lebanon campaign, Axios reports Middle East crisis – live updates Donald Trump angrily confronted Benjamin Netanyahu over Israel’s threats to resume airstrikes on Beirut’s southern suburbs, according to a report. “What the fuck are you doing?” the US president shouted at the Israeli prime minister during the phone call on Monday, according to Axios, a US website that has frequently published reports on high-level conversations between the two leaders. Continue reading...
Broadcom (NASDAQ: AVGO) is turning AI infrastructure demand into massive revenue growth, strong free cash flow, and billions in shareholder returns. But after a huge rally, the stock's valuation leaves little room for disappointment. The bull case is still compelling, but investo
Broadcom (NASDAQ: AVGO) is turning AI infrastructure demand into massive revenue growth, strong free cash flow, and billions in shareholder returns. But after a huge rally, the stock's valuation leaves little room for disappointment. The bull case is still compelling, but investo
RHJ/iStock via Getty Images The pullback presents an excellent opportunity to buy gold, silver and miners at a discount. Precious metals have experienced a historic bull run over the past few years. This trend continued into the first month of 2026, with gold climbing to a record high of $5,600 in late January. That move was particularly impressive considering the price doubled in a single year! B...
RHJ/iStock via Getty Images The pullback presents an excellent opportunity to buy gold, silver and miners at a discount. Precious metals have experienced a historic bull run over the past few years. This trend continued into the first month of 2026, with gold climbing to a record high of $5,600 in late January. That move was particularly impressive considering the price doubled in a single year! But prices rarely go straight up or straight down for long, and major moves like this typically are followed by profit-taking and consolidation. So, it is not too surprising to see that the gold price has been trending lower for four months since this peak. The price briefly dropped to $4,100 before bouncing to $4,538. The chart shows the powerful move higher in 2025 and the acceleration of the bullish trend into the first month of 2026. We have since seen a series of lower highs and some sideways trading, suggesting that an interim bottom may be near. Key support is at the blue shaded horizontal line, which aligns with the 200-day exponential moving average at $4,362. I expect this support to hold, implying up to 3.8% of additional downside. If this support fails, there is very strong support around $4,250-4,300 at the bottom leg of the asymmetric triangle pattern. The RSI momentum indicator had pushed toward 90 during the January peak, but then dropped to below 30 and has since settled at 45. This reset in momentum sets gold up for another major push higher in the months ahead. This next breakout is likely to occur before the triangle is resolved, or by the first week of August at the latest. While the move higher in the gold price was impressive, it pales in comparison to what the silver price has done. It took a little longer for silver to get going, but once it started moving, the gains were explosive. From late January of 2025 to late January of 2026, the price of silver rose from $30 to $121, roughly a 4x! Similar to gold, the exponential move higher was followed by a...
Sundry Photography/iStock Editorial via Getty Images Rising local opposition to data centers presents an opening for Bloom Energy ( BE ), whose fuel cells are cleaner and quieter than conventional power-generating systems, according to CEO KR Sridhar. " Rationally, our deployment should not be a community issue," Sridhar said in a Bloomberg interview. "It's a business opportunity right now because...
Sundry Photography/iStock Editorial via Getty Images Rising local opposition to data centers presents an opening for Bloom Energy ( BE ), whose fuel cells are cleaner and quieter than conventional power-generating systems, according to CEO KR Sridhar. " Rationally, our deployment should not be a community issue," Sridhar said in a Bloomberg interview. "It's a business opportunity right now because nobody else is community friendly." "The national backlash is very real. You’re seeing local communities come and push back a lot," the CEO said. "Which of us wants a power plant in our backyard?" Sridhar noted two recent deals with companies that chose Bloom ( BE ) equipment, in part because of the environmental advantages: a project in New Mexico, where the company is supplying 2.5 GW of capacity to power an Oracle data center, and Dutch-owned AI cloud provider Nebius, which swapped plans for traditional gas turbines for Bloom's technology. The CEO also said Bloom ( BE ) does not need to sell shares to raise capital, saying the company can recover the cost of building a new factory through sales in six months. Separately, Bloom Energy ( BE ) has qualified for the Russell Top 200 index at the June rebalance following a 14-fold rise in its shares over the past year, jumping directly from the small-cap Russell 2000 index. More on Bloom Energy Bloom Energy: Spare Capacity May Lead To Surging EPS Growth Bloom Energy: The Hype Has Gone Too Far Bloom Energy: The Business Can Survive The Cycle, The Valuation May Not
We are selling 50 shares of Corning at roughly $200.76 and 275 shares of Wells Fargo at roughly $78.82. Following the trades, Jim Cramer's Charitable Trust will own 550 shares of GLW, decreasing its weighting in the portfolio to 2.75% from 3%. It will also own 1,400 shares of WFC, decreasing its weighting to 2.75% from 3.25%. We're making a couple of more sales in the portfolio, per Jim's comments...
We are selling 50 shares of Corning at roughly $200.76 and 275 shares of Wells Fargo at roughly $78.82. Following the trades, Jim Cramer's Charitable Trust will own 550 shares of GLW, decreasing its weighting in the portfolio to 2.75% from 3%. It will also own 1,400 shares of WFC, decreasing its weighting to 2.75% from 3.25%. We're making a couple of more sales in the portfolio, per Jim's comments on Tuesday's Morning Meeting. Shares of optical cable supplier Corning are back trading near $200 thanks to a more than 10% rally on Tuesday. The stock traded higher after Nvidia CEO Jensen Huang highlighted the importance of optics to the data center buildout, noting that copper has its limits as AI computing gets more intense. This will be our first sale since February, and our first since Corning announced its long-term partnership with Nvidia in May. The deal with Nvidia included a commitment to dramatically increase U.S.-based optical connectivity manufacturing capacity and expand U.S. fiber production capacity by more than 50%. While we continue to believe Corning has a bright future ahead, Jim believes it's prudent to take gains here after a big run. From this sale, we will realize a gain of about 133% on stock purchased in October 2025, compared with a roughly 13% advance in the S & P 500 over that stretch. We will also sell some shares of Wells Fargo. During our Monthly Meeting last week, we voiced our continued frustration with the bank following two straight subpar quarters. The stock has been disappointing this year, but it's been able to string together a few positive weeks in a row, pushing shares from around $73 in mid-May to $78 today. We're lightening up here after this bounce off the recent low. From this sale, we will realize an average gain of about 150% on stock purchased in January 2021. (Jim Cramer's Charitable Trust is long GLW, WFC and NVDA. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you wil...