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June 10, 2021

Wall Street

‘Impotent’ Fed policy will fail to contain 1970s-type inflation, investor Peter Boockvar predicts

CNBC
CNBC – For more and to sign up click here Most people want to forget this part of the 1970s. But inflation is back, and investor Peter Boockvar predicts it will be the most widespread in decades. “Monetary policy … is right now impotent in its ability to stimulate economic......

Hot inflation may have become scorching in May and is expected to hit a 28-year high

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CNBC – For more and to sign up click here Inflation has been warming up this spring, and it’s expected to hit historical levels for the month of May. The consensus forecast for the core consumer price index, which excludes food and energy, is 3.5% on a year-over-year basis, according......

Stock futures open higher as investors await key inflation report

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CNBC – For more and to sign up click here Commuters exit a Wall Street subway station near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Futures contracts tied to the major U.S. stock indexes rose at the start of the overnight session Wednesday evening as......

Clean Energy Fuels stock soars more than 30% as retail traders pick new meme stocks

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CNBC – For more and to sign up click here Clean Energy Source: Clean Energy A new day means new targets for the retail trading crowd. Shares of Clean Energy Fuels surged 31.5% to close at $13.02 on Wednesday, coinciding with mentions of the company jumping on internet chat boards.......

Cramer says meme stocks ‘should be offered at the casino,’ not on Wall Street

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CNBC – For more and to sign up click here CNBC’s Jim Cramer said Wednesday that trading meme stocks is more like gambling than investing. “It’s exciting. It’s fun, and it’s real,” Cramer said on “Squawk Box.” However, he added, “If you’re going to play it, I think that you......

Stocks making the biggest moves in the premarket: Clover Health, Campbell Soup, Lordstown Motors & more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Clover Health (CLOV), Wendy’s (WEN) – The two stocks extended their gains in premarket trading, after surging yesterday on increased social media attention. Clover – a seller of......

Clover Health jumps 14% in premarket trading as frenzy continues. Shares are up 150% this week

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CNBC – For more and to sign up click here Clover Health featured at the Nasdaq Source: Nasdaq Shares of Clover Health surged again in premarket trading on Wednesday, continuing a dramatic move for a Medicare insurance stock that has become a favorite of traders on Reddit. Clover was trading......

Stock futures are flat as S&P 500 remains range-bound near record

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were flat in overnight trading on Tuesday after Wall Street appeared range-bound near its record levels. Futures on the Dow Jones Industrial Average were little changed.......

Clover Health, Wendy’s surge as the Reddit trading mania spreads

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CNBC – For more and to sign up click here Passionate day traders glued to their Reddit message boards have found some new targets — Clover Health and Wendy’s — pushing shares up double digits on Tuesday. Shares of Clover Health, a Medicare insurance start-up that went public via Chamath......

Reddit mania and inflation risks are a recipe for a serious summer pullback, BTIG’s Julian Emanuel warns

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CNBC – For more and to sign up click here BTIG’s Julian Emanuel believes the Reddit frenzy will play a major role in a deep market sell-off this summer. On CNBC’s “Trading Nation” on Monday, Emanuel compared the current backdrop to late January when the mania was firing on all cylinders.......

Stock futures are flat after Dow starts week lower

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CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange Source: NYSE Stock futures are flat in overnight trading Monday after the Dow and S&P 500 each started the week lower. Futures on the Dow Jones Industrial Average fell 18......

Stocks making the biggest moves after hours: Stitch Fix, Marvell, Coupa and more

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CNBC – For more and to sign up click here The Stitch Fix logo on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard | Bloomberg | Getty Images Check out the companies......

AMC insider selling picks up as meme stock rises amid retail wave

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CNBC – For more and to sign up click here A sign hangs in front of an AMC theater on January 27, 2021 in Chicago, Illinois. Shares of AMC Entertainment more than quadrupled today as investors continue their buying spree on heavily shorted stocks. Scott Olson | Getty Images Insider......

SEC says it’s monitoring the ongoing volatility in certain stocks, vows to protect retail investors

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CNBC – For more and to sign up click here The AMC Empire 25 off Times Square is open as New York City’s cinemas reopen for the first time in a year following the coronavirus shutdown, on March 5, 2021. Angela Weiss | AFP | Getty Images The U.S. Securities......

AMC stock jumps more than 20% as Reddit-fueled rally stretches to another week

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CNBC – For more and to sign up click here An AMC theatre is pictured in Times Square in the Manhattan borough of New York City, New York, June 2, 2021. Carlo Allegri | Reuters AMC Entertainment, the meme stock that amazed Wall Street recently, rallied double digits on Monday......

Stocks making the biggest moves in the premarket: G-III Apparel, U.S. Concrete, QTS Realty Trust & more

CNBC
CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Amazon.com (AMZN) – CEO Jeff Bezos announced that he and his brother Mark will join an auction winner aboard the first human spaceflight by Bezos’ Blue Origin on......

Stock futures are flat to kick off the week with the S&P 500 just inches from a record

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange. NYSE Stock futures are flat as the S&P 500 attempts to make a run at a record high this week amid optimism about the economy’s ongoing reopening this summer.......

Market bull lists inflation as top risk, warns investors may get a ‘wake-up call’ this summer

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CNBC – For more and to sign up click here There’s an overwhelming risk that’s concerning long-time bull Phil Orlando right now. Inflation, according to the Federated Hermes chief market strategist, could be stickier than the Federal Reserve anticipates. He warns it could spook Wall Street and put investors in......

Bill Ackman sees Universal Music SPAC deal closing later this month

CNBC
CNBC – For more and to sign up click here Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman said Friday he expects to close his SPAC deal to buy 10% of Universal Music Group for around $4 billion later this......

AMC, meme stocks could spark more heat in the week ahead as investors await inflation news

CNBC
CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange. NYSE Inflation data is a highlight of the week ahead, as investors focus on economic news in the void between earnings season and the next Fed meeting. May’s consumer......

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