Morgan Chittum
Writer at CNBC
I write about banks & stocks for @CNBC | ex-markets reporter @BusinessInsider, @poynter fellow, @nydailynews runner | @nlgja member | [email protected]
Articles
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2 weeks ago |
cnbc.com | Morgan Chittum
Apple's laundry list of problems got even longer Friday, and Jim Cramer said it could play right into the hands of an overseas competitor. If Apple is hit with the higher tariffs that President Donald Trump threatened Friday , it would likely need to raise prices on the iPhone — its biggest money maker — to protect its profits. An alternative would be keeping prices the steady and absorbing a hit to margins, which investors usually do not want to see.
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2 weeks ago |
cnbc.com | Morgan Chittum
Jim Cramer ran through all 30 holdings in the Investing Club's portfolio during the May Monthly Meeting on Thursday. He discussed the ones he most excited about — and others he's concerned about — as uncertainty over tariffs and the macroeconomic backdrop continue to linger. Apple: We're most worried about this stock.
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2 weeks ago |
cnbc.com | Morgan Chittum
The stock market has been on a tear over the past month as Wall Street celebrated signs of progress in U.S. tariff negotiations and easing trade tensions with China. Since our last Monthly Meeting on April 16 through Tuesday's close, the S & P 500 jumped 12.6%, while the tech-heavy Nasdaq gained more than 17.3%.
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2 weeks ago |
cnbc.com | Jeff Marks |Morgan Chittum
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks have made a strong recovery Monday, overcoming early selling pressure that was driven by Moody's downgrade of the U.S. credit rating. Investors were quick to buy the dip, expecting the reaction to be much more muted compared to past rating downgrades, and we were, too .
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3 weeks ago |
cnbc.com | Morgan Chittum
The initial public offering market seems to be thawing – at least for now. A wave of activity occurred this week alone. On Tuesday, banking app Chime filed paperwork to go public on the Nasdaq . Less than 24 hours later, stock brokerage platform eToro had a successful public market debut . Shares closed up 29% in Wednesday's session after pricing the IPO above its expected range.
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