Whether or not bitcoin is in a bubble, the cryptocurrency’s performance “dwarfs” nearly all bubbles, including the 1929 stock market crash, investor Ken Fisher told CNBC on Wednesday. Bitcoin, which has surged more than 1,500 percent this year, has many market participants warning of a bubble. Fisher suggested looking at […]
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Tesla stock is up 12 percent in a week — but it could be time to pump the brakes
Tesla shares have surged 12 percent in the last week, but one equity strategist sees trouble on the horizon. The stock has risen for three-straight sessions on a slew of news the market appeared to like: CEO Elon Musk said last week the electric car manufacturer was working toward custom […]
Strategist Doug Ramsey: The bull market needs a pediatrician, not a mortician
With one of the longest bull markets in history showing little sign of slowing down, Leuthold Group’s Doug Ramsey shared his view that it has more room to run with CNBC PRO’s Mike Santoli. “I’ve got to say it’s acting very youthful. I mean, we’ve joked that at a time […]
Cramer’s charts predict full speed ahead for industrial stocks like Caterpillar, Honeywell
After the Dow Jones industrial average hit yet another all-time high on Tuesday, CNBC’s Jim Cramer had to investigate to see if the white-hot index is showing any signs of cooling. “I think it’s worth asking which red-hot groups will have the staying power once 2018 rolls around,” the “Mad […]
Apple’s up 43,000 percent since its IPO, and could soon surpass $1 trillion in market cap
Apple just celebrated a new milestone – 37 years since its IPO. Apple made its Wall Street debut on Dec. 12, 1980, at $22 per share, or 39 cents split adjusted, and since then the stock has gained more than 43,600 percent to trade near $172 on Tuesday. For reference, […]
Why investors should beware stocks getting the bitcoin boost
A handful of stocks are enjoying a sort of halo effect from investors’ bitcoin mania — but market watchers are cautioning against getting into the names at current levels. Shares of Overstock.com have surged 118 percent in the last three months as the company announced it would enter into the […]
Billionaire investor Druckenmiller: ‘I love Amazon’ more than Apple
Amazon’s stock is up big this year, but hedge-fund legend Stanley Druckenmiller thinks the e-commerce giant’s shares have more room to run. “I love Amazon. This company, which everybody keeps quoting the multiple, is selling for less than three times sales. The S&P 500 is selling for over two times […]
Coinbase suspends ethereum buys and sells twice in one day
Coinbase, the leading U.S. platform for buying and selling major digital currencies, said twice on Tuesday that transactions in ethereum were “temporarily disabled.” In the morning New York time, Coinbase said buys and sells of ethereum and litecoin were temporarily disabled. That issue was resolved around noon ET. But by […]
Airline stocks are breaking out, and one name looks poised for new highs, analyst says
Airline stocks have been soaring, but Ari Wald of Oppenheimer says there’s one name investors should absolutely look to buy now. Spirit, Southwest, JetBlue, American and Delta have been on a tear over the last month, the stocks surging 21, 19, 15, 12 and 11 percent, respectively, in that time. […]
Companies are already paying a tax rate as low as 13%, economist Yardeni estimates
U.S. companies on balance already are paying well below the 20 percent tax level targeted in the Republican reform plan, according to an analysis by Yardeni Research. In fact, the typical effective tax rate — the amount paid minus deductions — could be as low as 13 percent over the […]