Author: Daniel snow
CNBC’s Jim Cramer suggested it’s helpful to consider stocks sitting at new 52-week highs to better understand market trends and themes. He picked out several companies that have recently made the “new high” list which he thinks are indicative of the mood on Wall Street.”You can learn a lot about a market from looking at the stocks that make it to the 52-week high list,” he said. “It’s a rarefied group by nature, and it speaks loudly about what works and, of course, what doesn’t.”Cramer was not surprised there aren’t many major tech names that have reached new highs recently.…
Idrees Abbas | Lightrocket | Getty ImagesIt’s been a bad week for DOGE. And a really bad week for dogecoin.The meme coin, which gained popularity in part because Elon Musk once dubbed it “the people’s crypto,” fell about 10% on Thursday and is down 22% over the past week. That drop corresponds with Musk’s official departure from the Trump administration and the Department of Government Efficiency (DOGE), which was the centerpiece of his effort to radically downsize the federal government.Musk and Trump had been sparring in recent days, with Musk slamming the president’s spending bill, and Trump withdrawing the nomination…
Factbox-US finds no currency manipulators, adds Ireland, Switzerland to monitoring Source link
“Magnificent Seven” stocks have been storming back from this year’s lows but some have significant room to climb before achieving new records. Source link
Options traders piled into bearish bets on Tesla Inc. stock on Thursday at the fastest pace on record as a feud between President Trump and Tesla CEO Elon Musk escalated, causing the electric-vehicle maker to tally its biggest drop in market capitalization on record. Source link
Microsoft Chairman and Chief Executive Officer Satya Nadella speaks during the Microsoft Build 2025, conference in Seattle, Washington, on May 19, 2025.Jason Redmond | AFP | Getty ImagesOn a down day for the market, Microsoft reached a record high for the first time in 11 months. Shares of the software giant rose 0.8% to close at $467.68. Microsoft has once again reclaimed the title of world’s largest company by market cap, with a valuation of $3.48 trillion. Nvidia has a market cap of $3.42 trillion, and Apple is valued at $3 trillion.Microsoft last recorded a record close in July 2024.…
Trump Media and Technology Group Corp. on Thursday said it had filed a registration statement for an exchange-traded fund that would directly hold bitcoin — the latest move into cryptocurrency by those in Trump’s orbit as his administration tries to deregulate the industry. Source link
Walmart is bringing drone deliveries to three more states.On Thursday, the big-box retailer said it plans to launch the speedier delivery option at 100 stores in Atlanta, Charlotte, Houston, Orlando and Tampa within the coming year. With the expansion, Walmart’s drone deliveries will be available in a total of five states: Arkansas, Florida, Georgia, North Carolina and Texas.Customers will request a delivery through the app of Wing, the operator who flies the drones through a deal with Walmart. The drone operator will have an up to a six-mile range from stores.Drone deliveries are one of the buzziest examples of Walmart’s…
Broadcom edged past Wall Street’s expectations with its outlook for the current quarter on Thursday, but that wasn’t enough to lift its stock in the extended session. Source link
People walk past a Lululemon department store in New York City on June 5, 2024.Michael M. Santiago | Getty ImagesLululemon beat Wall Street expectations for fiscal first-quarter earnings Thursday, but cut its full-year earnings guidance, citing a “dynamic macroenvironment.”As the company navigates tariffs and fears about a slowing U.S. economy, CEO Calvin McDonald said in a news release that “we intend to leverage our strong financial position and competitive advantages to play offense, while we continue to invest in the growth opportunities in front of us.”Shares of the apparel company plunged about 20% in extended trading.Here’s how the company did…