Author: Daniel snow

CNBC’s Jim Cramer on Thursday said he wanted to demonstrate that a broad group of stocks are seeing gains, reviewing some of the day’s best S&P 500 performers.”Everyone who warned you that the market was too narrow to go higher is now either closing out their short positions or getting their faces ripped off,” he said. “Neither’s a good thing.”Here are stocks that helped lead the broad market index on Thursday:Enphase Energy: Cramer said the possibility that Congress could preserve some solar tax credits is driving Enphase higher.Freeport-McMoRan: While Cramer said he doesn’t want to own this copper miner —…

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McCormick CEO Brendan Foley told CNBC’s Jim Cramer on Thursday that the spice maker is assessing how new tariffs will impact sourcing for its products.”This is a big area,” Foley said. “Agriculture impact is probably what we’re focused on when you’re looking at tariff impact.”Foley said the company has “done a nice job mitigating the tariff impact” going into the rest of the year. He said it’s important to understand that of the products sold in the U.S., 90% are made domestically. However, he continued, the majority of ingredients are sourced from abroad because many can’t be grown in the…

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The first domino has fallen in the Trump administration’s bid to loosen regulations on Wall Street’s biggest banks. The Federal Reserve proposed changes Wednesday that would lower capital requirements for large U.S banks that were implemented in the years following the 2008 financial crisis. Tweaks to these rules, known as the enhanced supplementary leverage ratio, would allow the nation’s most important banks — including Club names Goldman Sachs and Wells Fargo — to lend more freely and maker it easier for them to buy more U.S. government bonds. The Fed now wants the enhanced supplementary leverage ratio to be applied…

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