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Wells Fargo & Co

Fed decision, oil plunge, mixed earnings — what to watch into market close

by Milton Acorn
Fed decision, oil plunge, mixed earnings — what to watch into market close

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. (We’re …

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Categories Science

We’re booking profits in our largest position. Our discipline calls for another sale

by Adrian Jhonsan
We’re booking profits in our largest position. Our discipline calls for another sale

We are selling 560 shares of Wells Fargo at roughly $60 each. Following the trade, Jim Cramer’s Charitable Trust will own 2,110 shares of WFC, decreasing its weighting to roughly …

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Categories World

The cause of Super Micro’s 23% drop Friday? Go back to March 8

by Adrian Jhonsan
The cause of Super Micro’s 23% drop Friday? Go back to March 8

At law school, we learned about “proximate cause,” one of the few valuable concepts you can take from three years of drudgery. It’s about who and what caused the injury …

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Categories World

Wells Fargo kicks off our bank earnings Friday. Rate cuts and dealmaking will be in focus this season

by Adrian Jhonsan
Wells Fargo kicks off our bank earnings Friday. Rate cuts and dealmaking will be in focus this season

What a difference a year makes. Club holding Wells Fargo will post quarterly results on Friday, followed by our other financial holding, Morgan Stanley, on Tuesday. The industry’s first-quarter results …

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Categories World

Morgan Stanley tumbles, GE Healthcare climbs — what’s driving Thursday’s major portfolio stock moves

by Adrian Jhonsan
Morgan Stanley tumbles, GE Healthcare climbs — what’s driving Thursday’s major portfolio stock moves

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. (We’re …

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Categories World

Costco selling up to $200 million in gold bars a month, Wells Fargo estimates

by Adrian Jhonsan
Costco selling up to 0 million in gold bars a month, Wells Fargo estimates

Costco selling 1 ounce gold bars Courtesy: Costco Gold has turned into money for Costco, where yellow metal sales begun last year have turned into a cash cow for the …

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Categories World

Nvidia, Eaton and Wells Fargo get Club price target hikes after rallies

by Adrian Jhonsan
Nvidia, Eaton and Wells Fargo get Club price target hikes after rallies

This week’s strong market pushed three of our portfolio stocks well clear of our current price targets. Since these rallies look like they have legs, we’re taking our numbers up. …

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Categories World

Banking analysts see 3 reasons why Wells Fargo should push even higher in 2024

by Adrian Jhonsan
Banking analysts see 3 reasons why Wells Fargo should push even higher in 2024

Wells Fargo ‘s run of form continued Wednesday, with shares hitting another 52-week high. Wall Street analysts see more upside ahead for what’s been the best-performing major U.S. bank stock …

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Categories World

It’s been a year since SVB’s failure. Where our bank stocks stands now

by Adrian Jhonsan
It’s been a year since SVB’s failure. Where our bank stocks stands now

It’s been a year this week since the collapse of Silicon Valley Bank sent shockwaves through the banking sector. While the crisis most directly affected the regionals, major U.S. financial …

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Categories World

Here’s what to expect from a key inflation reading

by Adrian Jhonsan
Here’s what to expect from a key inflation reading

Shoppers are seen in a Kroger supermarket in Atlanta on Oct. 14, 2022. Elijah Nouvelage | AFP | Getty Images Rising gasoline prices likely put a floor under inflation in …

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Categories World
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