On CNBC's "Options Action," Tony Zhang of OptionsPlay said that Apple Inc (NASDAQ:AAPL) was very active on Wednesday, with 3.7 million contracts traded. This is more than three times the average daily volume, he said. There was one trade of 3,042 contracts of the December 10 weekly 167.5 calls at...
CNBC's Jim Cramer said Wednesday investors should start to nibble on some beaten-down stocks now that the first case of the Covid omicron variant has been detected in the U.S. "For days I've told you we were waiting for the other shoe to drop and it just hit today," the "Mad Money" host said.
This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics. An oversold tape, gun-shy traders combining for a tentative early rally that takes back the disorderly liquidation of yesterday's final hour of trading.
Apple (AAPL)... Bloomberg supplier sourced article indicates slowdown with Apple iPhone 13, counter from all research before this including Evidence Lab from UBS the day before citing robust demand... Did Apple double order and get enough supplies?... one thing is certain: no Apple supplier would EVER tell the media that Apple sales are weaker... they won't be an Apple supplier anymore ... Wedbush sees $3 trillion market cap—Wedbush says 13 much stronger than expected...
Guggenheim Partners Global Chief Investment Officer and Chairman of Investments Scott Minerd breaks down the market action. With CNBC's Brian Sullivan and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Bonawyn Eison.
Shares of Alphabet Inc. Cl A (GOOGL) advanced 1.36% to $2,859.32 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index (SPX) rising 1.42% to 4,577.10 and the Dow Jones Industrial Average (DJIA) rising 1.82% to 34,639.79. The stock's rise snapped a two-day losing streak. Alphabet Inc. Cl A closed $160.01 short of its 52-week high ($3,019.33), which the company reached on November 19th.
Marvell Technology (MRVL), which we own in the Charitable Trust, reported blowout third quarter earnings after the closing bell Thursday. Net revenue increased 61% year over year (YoY) to $1.211 billion, exceeding estimates of $1.149 billion, according to FactSet. Adjusted earnings per share grew 72% YoY to $0.43, beating the FactSet consensus of $0.38 and topping the high end of management's guidance range. In addition to the headline results, non-GAAP gross margins and operating margins were both records at 65.1% and 34.5%, respectively.
Stock futures were little changed in early morning trading Friday ahead of the November jobs report as the market nears the end of a roller-coaster week driven by Covid omicron variant developments. Futures on the Dow Jones Industrial Average gained just 15 points. S&P 500 futures dipped 0.08% and Nasdaq...
Shares of Alphabet Inc. Cl A (GOOGL) slumped 0.60% to $2,821.03 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index (SPX) falling 1.18% to 4,513.04 and Dow Jones Industrial Average (DJIA) falling 1.34% to 34,022.04. This was the stock's second consecutive day of losses. Alphabet Inc. Cl A closed $198.30 below its 52-week high ($3,019.33), which the company achieved on November 19th.
Shares of Berkshire Hathaway Inc. Cl B (BRK) dropped 0.61% to $275.00 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index (SPX) falling 1.18% to 4,513.04 and Dow Jones Industrial Average (DJIA) falling 1.34% to 34,022.04. This was the stock's fifth consecutive day of losses. Berkshire Hathaway Inc. Cl B closed $20.65 short of its 52-week high ($295.65), which the company achieved on November 8th.
The S&P 500 took a breather in November, but it was still possible to pile even bigger gains to your already impressive pile this year. Huge November gains in leading stocks like Qualcomm (QCOM), Nvidia (NVDA) and Advanced Micro Devices (AMD) helped make up for the S&P 500's 0.8% fall in the month.
GlobalFoundries Inc. shares walked back some of their 50% in gains since their initial public offering a month ago as a few analysts raised price targets following a strong first earnings report and outlook given the ongoing global chip shortage.