What Cramer is watching Monday — Price target cuts and downgrades, few bright spots

Mark Zuckerberg envisions 1 billion people in the metaverse

What I am looking at July 11, 2022 Twitter jump ball: Elon Musk terminates deal. Twitter (TWTR) says it will sue. The stock sinks 5% in the premarket. Baird price target cut to $33 per share from $45. Meta Platforms (META), a Club holding, downgraded to sell from hold (underperform from hold) at Needham. Pretty … Read more

5 things to know before the stock market opens Monday, July 11

5 things to know before the stock market opens Monday, July 11

Here are the most important news items that investors need to start their trading day. 1. Earnings and stocks Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 30, 2022. Brendan Mcdermid | Reuters Earnings season kicks off this week as several big companies, including major … Read more

Elon Musk has been expressing buyer’s remorse over Twitter for months

Live updates from the meeting

Musk’s plan to buy Twitter has worried policymakers around the world. Joe Skipper | Reuters Less than three months after agreeing to buy Twitter for $44 billion, Elon Musk says he wants out. It’s no surprise — Musk has been expressing buyer’s remorse since shortly after he announced the deal. Attorneys representing Musk sent a … Read more

Trump media company gets subpoena in federal criminal probe of SPAC deal

Trump media company gets subpoena in federal criminal probe of SPAC deal

Former US President Donald Trump gives the keynote address at the Faith & Freedom Coalition during their annual “Road To Majority Policy Conference” at the Gaylord Opryland Resort & Convention Center June 17, 2022 in Nashville, Tennessee. Seth Herald | Getty Images Donald Trump’s media company was subpoenaed by a federal grand jury in connection … Read more

Oversold global stocks that analysts think are ripe for a rebound

Oversold global stocks that analysts think are ripe for a rebound

Market watchers have been reluctant to call the bottom on the sell-off in global stocks this year, but some assets are now looking oversold — and could be ripe for a bounce. The stock market has tumbled into a bear market in the first half of this year amid fears that an overly aggressive rate … Read more

Fanatics is in talks to buy sports betting company Tipico, sources say

Fanatics is in talks to buy sports betting company Tipico, sources say

Michael Rubin arrives at the 2019 Fanatics Super Bowl Party on Saturday, Feb. 2, 2019, in Atlanta. Paul R. Giunta | Vision | PA Fanatics, the sports merchandising company, is in talks to acquire sports betting company Tipico, according to two people familiar with the matter. A deal hasn’t yet been reached, and the two … Read more

Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Elon Musk joins the growing chorus fearing a US recession.  But there are stocks for that.

Look out above, the dip buyers are back in town. Stocks are soaring — for now — as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testifying in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its fall … Read more

Elon Musk says 3 issues need to be resolved before Twitter deal closes

Elon Musk says 3 issues need to be resolved before Twitter deal closes

In this photo illustration, Twitter account of Elon Musk is seen on a smartphone screen and Twitter logo in the background. Pavlo Gonchar | light rocket | Getty Images Elon Musk says there are three main hurdles to overcome before he can complete his purchase of Twitter. Musk is seeking to buy Twitter for $44 … Read more

Live updates from the meeting

Live updates from the meeting

Musk diverts into discussion of aliens Musk briefly diverted the conversation into a discussion about aliens and human consciousness. He said he hasn’t seen actual evidence of aliens, according to a source. —Lauren Feiner Musk says he doesn’t care about being CEO Musk doesn’t care about being CEO at Twitter, he said, according to a … Read more