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Wall Street Journal
08-08-2025
- Business
- Wall Street Journal
Gold Tariffs: Why Are They a Problem? How Could the Market React?
Gold Tariffs: Why Are They a Problem? How Could the Market React? The U.S. has unexpectedly slapped tariffs on imports of some gold bars, according to the Financial Times, roiling the market for the precious metal. Why is this disruptive?
CNA
10-07-2025
- Business
- CNA
Stocks edge higher, Brazilian real bounces as investors weigh Trump's latest tariff moves
NEW YORK :Stock indexes rose on Thursday, with investors weighing the latest trade announcements from U.S. President Donald Trump, while the Brazilian real recovered some losses following Trump's announcement of a 50 per cent tariff on goods from Brazil. Helping Wall Street stocks, Delta Air Lines jumped 12 per cent after it forecast third-quarter and full-year profits above analysts' estimates. Other travel stocks also rose, including United Airlines, which was up 15.3 per cent. Trump also late Wednesday confirmed a 50 per cent tariff would be imposed on copper, and said it would start August 1. U.S. copper prices were last higher on the day. The Brazilian real volatility gauges surged to their highest levels since late April late on Wednesday, and the real had fallen as much as 2.3 per cent. On Thursday, the dollar was last down 0.6 per cent against the real, while Brazilian stocks were down about 0.5 per cent. Brazilian President Luiz Inácio Lula da Silva vowed retaliation against unilateral tariff hikes, and called a meeting with ministers on Thursday. Some traders say U.S. consumers could see sharp price increases on food staples like coffee and orange juice if the administration sticks to its Brazil import plan. But reactions in the broader market to Trump's latest moves have been less severe than in April, possibly reflecting expectations that ongoing negotiations between Washington and its trade partners could yield agreements before the deadline. Investors are also gearing up for second-quarter earnings, looking for signs of an impact from Trump's trade war launched on April 2. Bruce Zaro, managing director at Granite Wealth Management in Plymouth, Massachusetts, said the market appears to be in a holding pattern ahead of the reports from S&P 500 companies. JPMorgan Chase is due to release results Tuesday, essentially kicking off the reporting period. "There's been great skepticism with all of the analysts that follow the S&P 500, how they've been reducing their estimates at large, based on the tariffs and uncertainty around that," he said. "But we think, when all is said and done, those growth companies, and specifically tech companies, are going to come through with fabulous earnings. So I think the market is in a waiting period." The Dow Jones Industrial Average rose 259.72 points, or 0.59 per cent, to 44,718.67, the S&P 500 rose 21.75 points, or 0.35 per cent, to 6,285.02 and the Nasdaq Composite rose 34.47 points, or 0.17 per cent, to 20,645.81. MSCI's gauge of stocks across the globe rose 2.70 points, or 0.29 per cent, to 927.00. The pan-European STOXX 600 index ended up 0.54 per cent. Bitcoin rallied to another all-time high. The world's largest cryptocurrency rose to a fresh record high of $113,734.64. It is now up about 21 per cent this year. Investors digested upbeat quarterly results from TSMC, which showed strong demand for the world's largest contract chipmaker's products, fuelled by surging interest in artificial intelligence applications. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.28 per cent to 97.65. Benchmark 10-year U.S. Treasury yields edged higher on after U.S. data showed that jobless claims unexpectedly fell last week and as investors focused on how tariffs will impact inflation ahead of key consumer price data due next week.
Yahoo
22-05-2025
- Business
- Yahoo
Jim Cramer on Berkshire Hathaway Inc. (BRK-B): 'I Like That'
We recently published a list of . In this article, we are going to take a look at where Berkshire Hathaway Inc. (NYSE:BRK-B) stands against other stocks that Jim Cramer discussed recently. On Monday, Mad Money host Jim Cramer addressed the market's reaction to the recent U.S. debt downgrade by Moody's. 'Stories like the US debt downgrade story from Friday, they are classic… Stories that scare people out of very fine stocks that could otherwise make them rich. And sure enough, when Moody's downgraded the debt of the United States on Friday, the last of the three big rating agencies to do so, the market opened hideously as the get out now crowd took action. They fled. Then the market rebounded.' READ ALSO: Jim Cramer Put These 12 Stocks Under the Spotlight and 15 Stocks on Jim Cramer's Radar. Cramer warned that such panic is not a one-off. He mentioned that there will be many other 'get out now' calls issued ahead. He said that the warnings often come from sources who either do not fully grasp the situation or are motivated by less transparent reasons. In his view, some are simply uninformed, while others may be experienced short sellers using fear as a tactic to move markets in their favor. Even if the issues these fear-driven stories point to do materialize, Cramer believes they are manageable. He called out the overuse of the term 'stagflation,' often wielded by bearish commentators to provoke anxiety. He acknowledged how difficult it can be to resist the persuasive nature of such arguments. Still, he encouraged investors to stay the course as he added, 'You'll have to stick with me and we'll sit through this.' 'Let me give you the bottom line: The crucial thing that we in the media can do, and I say this as someone who talks to more individual veterans than almost anyone in the universe, and certainly more than anyone in the media, is simply cool it with the fear mongering and cut off guests who advocate it. A little history and some constructive thought would go a lot further if your goal is not to inflame, but to inform.' For this article, we compiled a list of 15 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on May 19. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey's database of over 1,000 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A team of insurance professionals in a boardroom overlooking a city skyline. Number of Hedge Fund Holders: 131 A caller asked if they should add to their position in Berkshire Hathaway Inc. (NYSE:BRK-B) given the announcement of Warren Buffett's retirement. Cramer replied: 'I think he has got a big bench. Look, who would not have a bigger bench than someone who is his age? He's got the biggest bench in the world. You know what he has? He has the Jenkins hot seat bench. I like that.' Berkshire Hathaway Inc. (NYSE:BRK-B) operates a diverse portfolio of businesses spanning insurance, transportation, energy, manufacturing, retail, and services. It offers products and services ranging from financial solutions and industrial components to consumer goods and specialty retail. The company's operations include everything from home construction and aerospace parts to chocolate, apparel, and logistics. Overall, BRK-B ranks 1st on our list of stocks that Jim Cramer discussed recently. While we acknowledge the potential of BRK-B as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BRK-B and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
22-05-2025
- Automotive
- Yahoo
Jim Cramer Says Carvana Co. (CVNA) is 'Just a Terrific Situation'
We recently published a list of . In this article, we are going to take a look at where Carvana Co. (NYSE:CVNA) stands against other stocks that Jim Cramer discussed recently. On Monday, Mad Money host Jim Cramer addressed the market's reaction to the recent U.S. debt downgrade by Moody's. 'Stories like the US debt downgrade story from Friday, they are classic… Stories that scare people out of very fine stocks that could otherwise make them rich. And sure enough, when Moody's downgraded the debt of the United States on Friday, the last of the three big rating agencies to do so, the market opened hideously as the get out now crowd took action. They fled. Then the market rebounded.' READ ALSO: Jim Cramer Put These 12 Stocks Under the Spotlight and 15 Stocks on Jim Cramer's Radar. Cramer warned that such panic is not a one-off. He mentioned that there will be many other 'get out now' calls issued ahead. He said that the warnings often come from sources who either do not fully grasp the situation or are motivated by less transparent reasons. In his view, some are simply uninformed, while others may be experienced short sellers using fear as a tactic to move markets in their favor. Even if the issues these fear-driven stories point to do materialize, Cramer believes they are manageable. He called out the overuse of the term 'stagflation,' often wielded by bearish commentators to provoke anxiety. He acknowledged how difficult it can be to resist the persuasive nature of such arguments. Still, he encouraged investors to stay the course as he added, 'You'll have to stick with me and we'll sit through this.' 'Let me give you the bottom line: The crucial thing that we in the media can do, and I say this as someone who talks to more individual veterans than almost anyone in the universe, and certainly more than anyone in the media, is simply cool it with the fear mongering and cut off guests who advocate it. A little history and some constructive thought would go a lot further if your goal is not to inflame, but to inform.' For this article, we compiled a list of 15 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on May 19. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey's database of over 1,000 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A customer buying a used car with the help of a finance specialist. Number of Hedge Fund Holders: 84 When a caller inquired about Carvana Co. (NYSE:CVNA), Cramer commented: 'I like it now. You always get it, look, there's always some guy who wants to take it down. Now those of you who remember, we went long [on] Ernie Garcia, he's the CEO, in these single digits. I said I had enough. This model's great. I had bought a car with it. Carvana (NYSE:CVNA) runs an online platform where people can buy and sell used cars. The company provides services like inspections, financing options, shipping, and customer service. The company also manages car auction websites. Overall, CVNA ranks 3rd on our list of stocks that Jim Cramer discussed recently. While we acknowledge the potential of CVNA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CVNA and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
Jim Cramer on Goldman Sachs (GS): 'Buy Goldman on the Weakness'
We recently published a list of . In this article, we are going to take a look at where The Goldman Sachs Group, Inc. (NYSE:GS) stands against other stocks that Jim Cramer discussed recently. On Monday, Mad Money host Jim Cramer addressed the market's reaction to the recent U.S. debt downgrade by Moody's. 'Stories like the US debt downgrade story from Friday, they are classic… Stories that scare people out of very fine stocks that could otherwise make them rich. And sure enough, when Moody's downgraded the debt of the United States on Friday, the last of the three big rating agencies to do so, the market opened hideously as the get out now crowd took action. They fled. Then the market rebounded.' READ ALSO: Jim Cramer Put These 12 Stocks Under the Spotlight and 15 Stocks on Jim Cramer's Radar. Cramer warned that such panic is not a one-off. He mentioned that there will be many other 'get out now' calls issued ahead. He said that the warnings often come from sources who either do not fully grasp the situation or are motivated by less transparent reasons. In his view, some are simply uninformed, while others may be experienced short sellers using fear as a tactic to move markets in their favor. Even if the issues these fear-driven stories point to do materialize, Cramer believes they are manageable. He called out the overuse of the term 'stagflation,' often wielded by bearish commentators to provoke anxiety. He acknowledged how difficult it can be to resist the persuasive nature of such arguments. Still, he encouraged investors to stay the course as he added, 'You'll have to stick with me and we'll sit through this.' 'Let me give you the bottom line: The crucial thing that we in the media can do, and I say this as someone who talks to more individual veterans than almost anyone in the universe, and certainly more than anyone in the media, is simply cool it with the fear mongering and cut off guests who advocate it. A little history and some constructive thought would go a lot further if your goal is not to inflame, but to inform.' For this article, we compiled a list of 15 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on May 19. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey's database of over 1,000 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close-up of a large industrial compressor in the oil and gas industry. Number of Hedge Fund Holders: 81 Cramer highlighted The Goldman Sachs Group, Inc. (NYSE:GS) as the way to 'play an uptick in IPOs'. 'If you take a step back for a second and consider the theme in the aggregate, it's a very easy time to play an uptick in IPOs, just buy the investment bank that's the best under the sun and that's Goldman Sachs. Now, of the big banks, they're the most levered to investment banking, and that includes IPOs and underwriters. We've owned Goldman Sachs for the Charitable Trust since late last year, primarily because I thought we'd see an uptick in deal activity this year as the Trump administration replaced the Biden administration. Goldman Sachs (NYSE:GS) is a financial company known for its investment banking expertise. The company provides wealth management and various financial solutions. Overall, GS ranks 4th on our list of stocks that Jim Cramer discussed recently. While we acknowledge the potential of GS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GS and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
