Tom Lee, Fundstrat Global Advisors Scott Mlyn | CNBC Tom Lee is not surprised U.S. stock indexes have been rattled by the recent rise in bond yields, but sees Thursday’s pullback as an opportunity for long-term investors. “It’s been rocky, and stocks are due for corrections, and I don’t think we should be surprised that … Read more
CNBC’s Jim Cramer on Monday pulled back the curtain on five under-the-radar reopening plays as the stock market anticipates a resurgence in the American economy, turning his attention from the most talked-about recovery stocks. The reopening thesis was furthered by federal authorization of a coronavirus vaccine from Johnson & Johnson, the third inoculation to be … Read more
Here are the companies making headlines in midday trading. Kohl’s Corporation – The retailer’s shares jumped more than 9% after a group of activist investors nominated nine directors for the company’s board, while also pushing for other changes. Together the group holds a 9.5% stake in Kohl’s. The proposed changes could lead to as much … Read more
The bull of Wall Street is seen during the pass of the snowstorm on January 31, 2021 in New York City. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images A decline in new Covid infections, along with improving economic data and stimulus hopes, could boost stocks that flourish in a resurging economy … Read more
Sir John Bell, a professor at Oxford University in the U.K., told CNBC on Wednesday he was confident that Covid-19 vaccines could be retooled to provide effective protection against future coronavirus mutations. Bell’s comments on “Closing Bell” come as global attention focuses on a strain of the virus widely circulating in the U.K. that may … Read more
Wendy Reicher (right) and daughter Scarlett Reicher,18, (left) walk back to their car after going shopping in Union Square on Tuesday, Dec. 1, 2020 in San Francisco, California. Gabrielle Lurie | San Francisco Chronicle | Getty Images (This story is for CNBC Pro subscribers only.) Despite U.S. consumer confidence dropping for a second straight month … Read more
Former FDA chief Dr. Scott Gottlieb warned that the highly contagious, new mutation of Covid-19 found in the United Kingdom “is already in the U.S.” as more than 40 countries ban travel to and from the U.K. for 48 hours or more. “I don’t think a travel ban, at this point, is going to prevent … Read more
Royal Caribbean’s Quantum of the Seas cruise ship docked at Singapore’s Marina Bay Cruise Centre on Dec. 9, 2020. Rosanna Lockwood | CNBC SINGAPORE — The Singaporean passenger who tested positive for Covid-19 onboard a cruise ship has subsequently tested negative for the disease, according to Singapore’s health ministry. The passenger, an 83-year-old man, was … Read more
Dr. Scott Gottlieb, a member of Pfizer‘s board, told CNBC on Tuesday the company’s offers to provide the U.S. additional doses of its coronavirus vaccine in 2021 was declined by the Trump administration. The government in July agreed to a deal with Pfizer and its German partner BioNTech for 100 million doses of their Covid-19 vaccine if … Read more
CNBC’s Jim Cramer said Tuesday that some of the stock gains in the market are “insane,” with investors recently buying certain names from Tesla to Royal Caribbean seemingly without regard for fundamentals or the state of the coronavirus pandemic and holding onto them. “Where are the profit-takers” after these dizzying moves higher? the “Mad Money” … Read more