Retail sales, Walmart and Target earnings: What to know this week
Investors this week will be focused on data on the consumer, with both retail sales and earnings results from two retail giants set for release.The total value of retail sales in the U.S. is expected to have climbed by 1.1% month-on-month in October, according to the Commerce Department's latest monthly print on Tuesday. This would accelerate from a 0.7% monthly advance in September, which had been an unexpected increase at the time given that many economists were anticipating that a rise in Del
Corsair Surges Amid Meme Rally; Jim Cramer Warns on High-Level Sellers
Corsair Gaming -Get Report shares surged higher Monday as the gaming and content equipment-maker appeared to add its name to the list of meme stock favorites.TheStreet's founder Jim Cramer, however, cautioned that such a steep rise for a fundamentally sound stock like Corsair would likely entice large-scale sellers at these levels."Corsair is a company I like very much, because it's basically a souped-up Logitech and Logitech's been a great stock" Cramer told CNBC's Squawk on The Street program
S&P 500 climbs to a new record close, shrugging off inflation fears
The S&P 500 rose to an all-time high on Thursday as investors shrugged off a key inflation report that showed a bigger-than-expected increase in price pressures.The broad equity benchmark climbed nearly 0.5% to a record closing high of 4,239.18. The S&P 500 also hit an intraday record of 4,249.74, overtaking its May 7 high after the market traded sideways for a month. The Dow Jones Industrial Average advanced 19.10 points, or less than 0.1%, to 34,466.24, while the Nasdaq Composite gained about
Reddit continues to be the home of meme stocks and with the recent rally surrounding those, it’s worth looking in and seeing what traders on the subreddit are talking about.WallStreetBets in particular is one of the most popular subreddits where users collect to talk about their stock picks. That’s no different on Tuesday with there being plenty of chatter to look into.Let’s see the most talked-about stockson Reddit WallStreetBets today below.