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. Stocks are falling hard on Friday , likely putting an end to the S & P 500 's 9-week win streak. After driving the market's gains for the past several months, technology and AI infrastructure stocks sold off sharply, sending the...
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. Stocks are falling hard on Friday , likely putting an end to the S & P 500 's 9-week win streak. After driving the market's gains for the past several months, technology and AI infrastructure stocks sold off sharply, sending the Nasdaq down about 3% and marking its worst day since October. The AI trade started to wobble on Thursday after Broadcom failed to raise its 2026 and 2027 AI semiconductor revenue outlook. (We still think the company is being conservative.) The S & P 500 declined by about 2% on Friday, as weakness in the tech sector (which accounts for almost 40% of the index excluding Amazon , Alphabet , Meta Platforms , and Tesla ) was partially offset by solid gains in staples, health care, real estate, and utilities. One common theme among the market's winners: their sectors are least tied to the broader economy. It is a little counterintuitive because interest rates surged following the stronger-than-expected May jobs report . Perhaps it was monetary policy expectations that triggered the rotation, because with the labor market in good shape, traders now see higher odds of a rate hike by December than simply leaving the range unchanged at 3.5% to 3.75%. Higher interest rates can slow economic activity, and defensive stocks tend to outperform in that environment because their earnings are generally less sensitive to the economic cycle. That helps explain why Procter & Gamble was one of the portfolio's biggest gainers on Friday, up more than 4%. There are a lot of key events on tap for next week. Club holding Honeywell hosts a 2026 guidance update for its Honeywell Aerospace division, which will become a separate, publicly traded company on June 29, followed by an investor day on Thursday for the remaining business, which will operate as Honeywell Technologies and continue to trade on Na...
I’m leading with the number because that’s why you’re here. Meta Platforms (NASDAQ:META) closed at $597.63 on June 2, 2026, down 9.39% year to date. Our 24/7 Wall St. price target for Meta is $868.05 over the next 12 months, implying 45.25% upside. The recommendation is buy with a 90% confidence score, our highest tier. ... Over 50 Analysts Rate META a Buy, Here’s Why We Agree
I’m leading with the number because that’s why you’re here. Meta Platforms (NASDAQ:META) closed at $597.63 on June 2, 2026, down 9.39% year to date. Our 24/7 Wall St. price target for Meta is $868.05 over the next 12 months, implying 45.25% upside. The recommendation is buy with a 90% confidence score, our highest tier. ... Over 50 Analysts Rate META a Buy, Here’s Why We Agree
Pulsar Helium Inc. press release ( PLSR:CA ): 1H GAAP EPS of $0.07. More on Pulsar Helium Inc. Pulsar Helium: 'Blue Gold' And Its Role In Quantum Computing Financial information for Pulsar Helium Inc.
Pulsar Helium Inc. press release ( PLSR:CA ): 1H GAAP EPS of $0.07. More on Pulsar Helium Inc. Pulsar Helium: 'Blue Gold' And Its Role In Quantum Computing Financial information for Pulsar Helium Inc.
Guido Mieth/DigitalVision via Getty Images The 27% Yield Can't Hide A 45% Premium To Net Asset Value. The thing that matters most for Icahn Enterprises L.P. ( IEP ) over the long run isn't its 27% distribution. It's the gap between what the stock trades for and what it's actually worth, and the fact that the one thing keeping that gap open is a payout the company can't cover from its operations. F...
Guido Mieth/DigitalVision via Getty Images The 27% Yield Can't Hide A 45% Premium To Net Asset Value. The thing that matters most for Icahn Enterprises L.P. ( IEP ) over the long run isn't its 27% distribution. It's the gap between what the stock trades for and what it's actually worth, and the fact that the one thing keeping that gap open is a payout the company can't cover from its operations. For anyone not familiar with it, IEP is a holding company run by the activist investor Carl Icahn. When you buy a unit, you're buying a piece of everything he controls, which spans businesses in energy, automotive, food packaging, real estate, home fashion, and pharma, plus an investment fund he uses for his famous activist bets. The oil refiner CVR Energy is the single biggest piece, and Icahn himself owns the large majority of the units, so in effect you're investing right alongside him. At around $7.47 a unit, IEP has a market cap of roughly $5 billion. But the company's own indicative net asset value , its own best guess at what all its holdings are worth, was about $3.4 billion at the end of March. So you're paying close to 45% more than the assets are worth. That stands out to me because diversified holding companies and closed-end funds almost always trade at a discount to their net asset value, usually a wide one. IEP does the opposite. My view is simple: that premium won't last, the businesses underneath aren't strong enough to grow into it, and the distribution holding it up is working against the people it pulls in. The Latest Earnings Show The Core Doesn't Pay For Itself IEP reported its first quarter for 2026 on May 6. Revenue rose to $2.2 billion from $1.9 billion a year earlier, but the company still posted a net loss of $459 million, or $0.71 per unit. That's a slightly smaller per-unit loss than the $0.79 it lost a year ago, so management can point to a little improvement. The number I care about more is adjusted EBITDA, because it tells you whether the oper...
On May 28, 2026, Conrad Wai, CEO of Counterpart Health, a subsidiary of Clover Health Investments (NASDAQ:CLOV) , reported the sale of 220,426 shares of Clover Health stock in an indirect open-market transaction, with total proceeds of approximately $879,000 according to the SEC Form 4 filing . Transaction value based on SEC Form 4 reported price ($3.99); post-transaction value based on May 28, 20...
On May 28, 2026, Conrad Wai, CEO of Counterpart Health, a subsidiary of Clover Health Investments (NASDAQ:CLOV) , reported the sale of 220,426 shares of Clover Health stock in an indirect open-market transaction, with total proceeds of approximately $879,000 according to the SEC Form 4 filing . Transaction value based on SEC Form 4 reported price ($3.99); post-transaction value based on May 28, 2026 market close price. * 1-year price change calculated using May 28, 2026 as the reference date. Continue reading
Artificial intelligence might terminate lots of jobs one day, especially in high tech, but there’s little evidence AI is already causing widespread layoffs.
Artificial intelligence might terminate lots of jobs one day, especially in high tech, but there’s little evidence AI is already causing widespread layoffs.
President Donald Trump just did something no one saw coming, sending shares of Peabody Energy (NYSE: BTU) rallying 15% at their highest point in trading this week. Although the stock cooled off a bit on Friday, it was still up 9% up for the week through 11 a.m. ET Friday. Image source: Getty Images. In an Oval Office announcement on June 4 , Trump invoked the Defense Production Act (DPA) -- a 1950...
President Donald Trump just did something no one saw coming, sending shares of Peabody Energy (NYSE: BTU) rallying 15% at their highest point in trading this week. Although the stock cooled off a bit on Friday, it was still up 9% up for the week through 11 a.m. ET Friday. Image source: Getty Images. In an Oval Office announcement on June 4 , Trump invoked the Defense Production Act (DPA) -- a 1950 law that grants the president authority to influence domestic industries related to national security – to boost the coal industry. Continue reading