JPMorgan Chase, Gap, VMWare & more

People pass the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City. Mike Segar | Reuters Check out the companies making headlines in midday trading. JPMorgan Chase – JPMorgan rose 7% after the bank said it expects to reach key return targets sooner than planned thanks to rising interest … Read more

Markets are down, but these charts explain why investors shouldn’t panic

new York CNN Business — What goes up must come down, and what goes bull must go bear. The conventional wisdom is that a bit of market madness is inevitable, cyclical and should give investors a potential buying opportunity. But unfortunately this downswing doesn’t appear to be the devil we know. Markets are contending with … Read more

Didi’s disastrous foray onto Wall Street is nearly over

Hong Kong CNN Business — Shareholders will vote Monday on Didi’s plan to quit the New York Stock Exchange less than a year after China’s largest ride-hailing firm launched its $4.4 billion initial public offering. Just days after Didi’s Wall Street debut last summer, Chinese authorities banned the service from app stores in the country, … Read more

Meet the veteran growth investor who picks stocks like Warren Buffett

Michael Li, the veteran portfolio manager at American Century Investments, is drawing comparisons with Warren Buffett even though his bread and butter is growth investing. The Kansas City, Mo.-based manager has been picking stocks for the firm since the early 2000s, focusing on high-quality growth companies. The biggest mutual fund it oversees — American Century … Read more

Stock futures rise after Dow falls for 8th-straight week in relentless sell-off

Traders on the NYSE, May 20, 2022. Source: NYSE Stock futures rose in overnight trading Sunday after the Dow Jones Industrial Average fell for its 8th straight week amid a broader market sell-off. Futures on the Dow industrial average gained 180 points, or 0.58%. S&P 500 futures added 0.67% and Nasdaq 100 futures rose 0.68%. … Read more

Why the fund shorting Cathie Wood’s ARKK is now ultra-long the ETF

The ETF shorting Cathie Wood’s ARK Innovation Fund (ARKK) has been a big winner in 2022. The Tuttle Capital Short Innovation ETF (SARK) has soared more than 75% year-to-date while the ARKK ETF has fallen more than 55% in the same time period. And now the creator behind the SARK ETF is taking the opposite … Read more

A history of bear markets shows stocks may have further to fall

The brutal market sell-off pushed the S&P 500 into bear market territory briefly on Friday, and the rout could get a lot worse if history is any guide. The S&P 500 fell as much as 2.3% at its session low, sending the benchmark 20.9% below its intraday high in January. The index ultimately closed the … Read more

Jim Cramer says he likes these three smaller plays in battered retail sector

CNBC’s Jim Cramer said Friday that while the retail sector had a rough week, there are still several winners that stand out against the deluge of stocks that tanked. “The big four aren’t the only retailers that reported this week, and surprisingly, some of the smaller players actually did pretty well,” the “Mad Money” host … Read more

Analyst Larry Williams sees a bottom in the making

CNBC’s Jim Cramer on Friday explained fresh technical analysis from veteran chartist Larry Williams that signals the market is headed for a bottom. “I know it’s tough to believe anything positive at this moment, but I said the same thing in April 2020, and that’s when Larry Williams made one of the best bottom calls … Read more

Cramer’s week ahead; Market needs obstacles resolved before a rally

CNBC’s Jim Cramer warned investors on Friday that a market rally has no chance of sustaining until the causes of the turmoil are resolved. “If we want the market to stage a meaningful comeback, we need China to reopen, Russia to withdraw from Ukraine, and the [Federal Reserve] to curb-stomp inflation with a 100-basis point … Read more