These hard-hit stocks now look cheap enough to buy

These hard-hit stocks now look cheap enough to buy

CNBC’s Jim Cramer on Wednesday offered a list of beaten-up stocks that he believes are now cheap enough to buy. All the stocks are in the Russell 3000 and meet the following criteria decided upon by the “Mad Money” host: down more than 50% from the highs and selling for less than 50 times earnings. They also must clear a minimum market capitalization requirement. “In other words, we want huge discounts, but we also want quality companies that are actually profitable, meaning their stocks got cheaper as they went lower,” Cramer said. “After this seemingly non-stop pummeling, we finally have...

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How AMC rode the meme stock rally to revitalize its business

How AMC rode the meme stock rally to revitalize its business

The AMC Burbank 16 and the Batman bronze statue in Downtown Burbank. AaronP/Bauer-Griffin | GC Images | Getty Images After a year of massive stock gains, AMC Entertainment shares are starting to cool off. The movie theater chain, which narrowly avoided bankruptcy last January, was the beneficiary of a flurry of new retail investors who helped the company secure much-needed capital. These ardent fans led a campaign that bolstered AMC’s shares to an all-time high of $72.62 in June. Even though shares closed Tuesday at $16.02, AMC is in a better position in 2022 because of the support this new...

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Boeing posts third annual loss in a row as Dreamliner costs hit $5.5 billion

Boeing posts third annual loss in a row as Dreamliner costs hit $5.5 billion

Boeing hit a key milestone in its yearslong 737 Max crisis as a jump in deliveries helped it generate cash in the fourth quarter for the first time in nearly three years. But it now faces mounting expenses in its 787 Dreamliner program, disclosing Wednesday $5.5 billion in costs tied to manufacturing flaws that have prevented Boeing from handing over those new jets to customers for most of the last 15 months. The company’s shares fell 4.8% to $194.27, while the S&P 500 ended down 0.2%. The manufacturer took a $3.5 billion pretax charge in the fourth quarter on the...

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10-year Treasury yield rises above 1.85% after Fed signals a rate hike in March and more after that

10-year Treasury yield rises above 1.85% after Fed signals a rate hike in March and more after that

Treasury yields turned higher Wednesday after the Federal Reserve indicated that it could start raising interest rates in March, the first increase in three years. The yield on the benchmark 10-year Treasury note jumped 8 basis points to 1.86%. The yield on the 30-year Treasury bond was up 5 basis points at 2.18%. Yields move inversely to prices and 1 basis point is equal to 0.01%. Yields popped to their highs of the session when at a press conference following the decision, Chair Powell emphasized that the central bank was committed to stable prices and that there was “quite a...

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Moderna starts clinical trial of booster shot targeting omicron Covid variant

Moderna starts clinical trial of booster shot targeting omicron Covid variant

A healthcare worker fills a syringe with Moderna COVID-19 vaccine at the Giorgio Companies site in Blandon, PA where the CATE Mobile Vaccination Unit was onsite to administer Moderna COVID-19 Vaccines to workers, April 14, 2021. Ben Hasty | MediaNews Group | Reading Eagle via Getty Images Moderna started a clinical trial to study the safety and effectiveness of a booster shot that specifically targets the omicron Covid variant, the company announced Wednesday. The first participant in the phase two trial has already received a dose of the omicron-specific booster shot, according to the company. Moderna expects to enroll about...

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Tesla is not working on a $25,000 car now, says Musk

Tesla is not working on a $25,000 car now, says Musk

Tesla CEO Elon Musk gestures as he visits the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul | Reuters Tesla CEO Elon Musk said during the company’s fourth-quarter earnings call that the company won’t release any new models this year, and isn’t currently developing a $25,000 car. In his opening remarks, he said that the continuing chip shortage would make it impossible to release new model vehicles without resulting in fewer total vehicles being delivered. “If we had introduced say a new car last year, we would — total vehicle output would have...

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Stock futures rise as investors assess Fed update

Stock futures rise as investors assess Fed update

Stock futures rose on Wednesday night after the Dow Jones Industrial Average and S&P 500 turned lower following a Federal Reserve update by chair Jerome Powell, at the conclusion of its two-day meeting. Futures tied to the Dow rose 128 points, or 0.3%. S&P 500 futures and Nasdaq 100 futures gained 0.5% and 0.8%, respectively. Some tech shares were higher in extended trading, after continued swings in the regular session. Netflix jumped more than 4% on news that Pershing’s Bill Ackman bought 3.1 million shares. Tesla gained almost 3% following a strong earnings report. Meanwhile, Intel lost 2%, despite strong...

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Asia Markets react to US Fed remarks

Asia Markets react to US Fed remarks

SINGAPORE — Asia-Pacific markets were set to trade mixed on Thursday as investors digest an overnight update from the U.S. Federal Reserve that indicated the central bank plans to raise interest rates as soon as March. In Japan, the Nikkei 225 slipped 0.16% in early trade while the Topix was fractionally higher by 0.07%. South Korean shares dropped as the benchmark Kospi fell 0.78%. Samsung Electronics reported a 53% jump in operating profit in the fourth quarter of 2021 compared to the year before, but it was down 12% from the previous three months. The global chipmaker said its money-making...

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Tesla (TSLA) earnings Q4 2021

Tesla (TSLA) earnings Q4 2021

Elon Musk, Founder and Chief Engineer of SpaceX, speaks during the Satellite 2020 Conference in Washington, DC, United States on March 9, 2020. Yasin Ozturk | Anadolu Agency | Getty Images Tesla reports fourth-quarter results for 2021 on Wednesday after the bell. Here’s what Wall Street analysts expect: Earnings (adjusted): $2.36 per share expected, per Refinitiv Revenue: $16.57 billion expected, per Refinitiv The report comes in the midst of the most important tech earnings season in years. The Nasdaq has suffered its worst January since 2008 as many investors have begun to sour on the promise of high-growth tech stocks. In 2021, Tesla...

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US calls for diplomacy as Putin adds troops to border

US calls for diplomacy as Putin adds troops to border

U.S. Secretary of State Antony Blinken speaks about Russia and Ukraine during a briefing at the State Department in Washington, U.S., January 26, 2022. Brendan Smialowski | Reuters WASHINGTON – Secretary of State Antony Blinken said the U.S. delivered a document to Moscow on Wednesday that lays out “a serious diplomatic path forward” should Russia decide against invading Ukraine. Blinken said the contents of the document were shared with NATO allies and that President Joe Biden was intimately involved with its crafting. U.S. Ambassador to Russia John Sullivan handed over Washington’s written responses. The development came as NATO warned that...

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