Uber, DoorDash, Coinbase and more

Uber Eats delivery Jonathan Raa | NurPhoto via Getty Images Check out the companies making headlines in midday trading. Uber, DoorDash – Shares of Uber slumped 4.6% and DoorDash fell 9% on news that Amazon agreed to take a stake in Grubhub in a deal that will give Prime subscribers a one-year membership to the … Read more

Strategists say buy stocks with high dividend yield during bear market

US stocks fell into bear market territory last month – and the wild swings since have made it hard to predict where the market is going next. The S&P 500 logged its worst performance in 50 years during the first half of this year, as it tumbled nearly 20%, and the Nasdaq is down nearly … Read more

Oil stocks, Ford, Tesla, Crocs and more

Check out the companies making headlines in midday trading. Ford Motor – Shares of the carmaker dropped nearly 3% and hit a new 52-week low after the company reported a slight increase in new vehicle sales for the second quarter that missed automotive analysts’ expectations. The company said sales rose 1.8% to 483,688 new vehicles … Read more

Tesla, Occidental Petroleum, Exxon Mobil and more

Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla delivered 254,695 vehicles during the second quarter, down 17.9% from the first quarter and below what analysts had predicted. China’s Covid-19 shutdowns were a key factor in holding back production. Tesla fell 1% in premarket trading. Occidental Petroleum (OXY) – Occidental gained … Read more

Apple, FedEx, Coinbase, Honeywell, Micron

Here are Wall Street’s biggest calls on Friday: Berenberg downgrades FedEx to hold from buy Berenberg said FedEx is “too much” of a “show me” story. “However, with near-term earnings risks now mounting and mixed prospects for the execution of the strategic review, we think the shares may pause for breath until the macroeconomic outlook … Read more

Energy stocks are the best bet in the market right now, says JPMorgan

JPMorgan is once again pounding the table on energy stocks. The sector has been JPMorgan’s highest-conviction overweight since late 2020, and following the recent and sharp pullback the firm said now’s the time to buy. “Energy stocks offer the most attractive risk / reward opportunity within equities … especially after the recent sharp correction,” Dubravko … Read more

Elon Musk is a smart person but he doesn’t understand ESG: Tech CEO

In May, electric-vehicle maker Tesla was removed from the S&P 500’s ESG Index. In response, CEO Elon Musk tweeted that ESG was “a scam” that had been “been weaponized by phony social justice warriors.” Jim Watson | AFP | Getty Images Tesla chief Elon Musk may have misunderstood the meaning behind ESG (environmental, social, and … Read more

Watch the special full interview with Jeff Ubben on Exxon and the current state of ESG investing

Jeff Ubben accepted a board seat at Exxon Mobil in early 2021 as the activist investor and ESG proponent seeks to shake up the energy giant amid pressure on climate-change planning and long-term low returns. Ubben spoke with David Faber in an interview for CNBC’s newest documentary, ‘ExxonMobil at the Crossroads,’ about what progress Exxon … Read more

5 things to know before the stock market opens Monday, June 27

Here are the most important news items that investors need to start their trading day: 1. Stocks look to build off last week’s rebound A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 22, 2022. Brendan Mcdermid | Reuters US stock futures rose before the … Read more

Goldman analysts love these stocks, not so the rest of Wall Street

The stock market has fallen more than many Wall Street experts expected this year, so some investors are looking for less conventional, more contrarian ideas. Goldman Sachs’ Deep Mehta compiled a list of stocks that Goldman analysts rate a buy while more than half of all other Wall Street analysts do not. “These names appear … Read more