“Amazon could break open the space,” said Steve Kraus, a health investor with Bessemer Venture Partners. For Kraus, Amazon’s potential move into the pharmacy space, which CNBC reported on Tuesday, is not surprising. In the wake of the news, shares of pharmacy stocks such as CVS and Walgreens Boots Alliance opened lower. But Kraus suspects that Amazon will go bigger than that. Instead, Amazon could work directly with manufacturers, become a distributor like McKesson, take on the role of a pharmac

The allegations come after a week of big developments in the nation’s capital, including the firing of Comey, who was investigating the ties between the Trump campaign and Russia, and reports that Trump revealed highly classified information to Russians in a closed-door meeting. Kovacevich said while Trump had success on the campaign trail, presiding over a bureaucracy and the world’s economies is a completely different process. “His natural personality helped him in the campaign, and his natura

But Facebook wasn’t always the tech powerhouse it is now. Five years ago, many analysts thought the company was overvalued, overhyped and simply not worth the price. At the time, hedge fund manager Dennis Gartman passed on the investment”The world does not revolve around Facebook,” he wrote in his daily “Gartman Letter” at the time. Today, Gartman had no choice but to change his tune and call a mea culpa on the missed investment. Facebook has returned over 256 percent since it started trading.

Out of all the large non-leveraged U.S.-listed exchange-traded funds, the six worst-performing are all closely tied to oil prices. The worst-performing large non-leveraged exchange-traded fund, the VanEck Vectors Oil Services ETF (OIH), has fallen nearly 18 percent so far this year. Behind that is the S&P Oil & Gas Exploration & Production ETF (XOP), which has declined over 15 percent year to date. The energy sector will likely continue its underperformance relative to the S&P 500, said Ari Wald

Retail earningsRalph Lauren and The Children’s Place are both set to report quarterly earnings before the opening bell Thursday, and Gap is scheduled to report after the closing bell. Schlossberg is watching these earnings out of the beaten-down retail space to gauge whether retail can “come out of their nosedive.” Analysts are forecasting earnings of 29 cents per share for Gap, $1.64 per share for The Children’s Place and 78 cents per share for Ralph Lauren, according to FactSet data. Schlossbe

Cramer has been saying for a month that until President Donald Trump and Congress come to terms, investors should not count on tax reform or infrastructure stimulus. Now, with Trump tied up in the Comey-Flynn fiasco, there is even less hope in the market for the benefits of his pro-business agenda. 1 is stay away, at all times, from the blast zone,” Cramer said. 2 in a selloff: in a selloff that’s created specifically by an impression that there’s a slowing economy, look for the best-yielding se

Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed:Momo Inc.: “See, this was the sign that we were due for a correction. When I left here yesterday, I said, ‘Momo’s up, you’ve got every single one of these companies from China, they’re up 10, 15 percent.’ We’re going to see [Alibaba] reporting, and let’s just hope that that can turn things around. iRobot Corporation: “OK, we just commissioned today a piece about what the heck is happen

“What did Starbucks do wrong that I wanted to sell it other than the action in the overall market made me nervous?” But the stock’s resistance to falling does tell me that you can’t give it away here,” Cramer said. The “Mad Money” honed in on this problem because despite Starbucks’ strong performance, it seems investors have trouble staying in the stock. So while staying in stocks on days like Wednesday could test investors’ skills, patience, and, frankly, blood pressure, Cramer came back to one

Even Stanley Black & Decker’s bullish analyst day, during which management forecasted the toolmaker almost doubling its revenues by 2022, and Home Depot’s earnings report, where tools were among the best-selling items, could not lift the market’s spirits. While Cramer thinks offering equity units was a creative way for the industrial manufacturer to raise money, he said he would not advise buying them. “I wouldn’t necessarily recommend the equity units for homegamers; call me conservative, but I

Those are magnets for money,” Cramer advised. 3, the “Mad Money” host asked investors to take a look at the Nasdaq, which just saw its worst day since Brexit. “Don’t be so eager to buy the former winners that had been going up day after day after day,” he said. Let the sellers walk you to first,” the “Mad Money” host said. Mad Money Twitter – Jim Cramer Twitter – Facebook – Instagram – VineQuestions, comments, suggestions for the “Mad Money” website?

The U.S. dollar rose against a basket of major currencies on Thursday. The number of Americans applying for jobless benefits fell to a 28-year low and the Philly Fed’s business index came in at double economists’ expectations. “The readings on jobless claims and the Philly Fed index back expectations for faster (second quarter) growth and a Fed rate hike next month.” The yen, which saw its biggest daily gain against the dollar since July on Wednesday, had touched a more than three-week high. The

Gold eased on Thursday as a bounce in the dollar prompted some buyers to cash in gains after its biggest one-day rally in nearly a year, though uncertainty over the outlook for the Trump presidency underpinned the metal near two-week highs. Gold surged nearly 2 percent on Wednesday, its biggest one-day jump since Britain voted to exit the European Union in June, on reports that U.S. President Trump had tried to intervene in an investigation into alleged Russian interference in last year’s U.S. e

Oil prices rose on Thursday in a volatile session on growing signs that key oil producers will adhere to production cuts at next week’s OPEC meeting amidst a persistent global glut. Brent crude rose 41 cents at $52.62 a barrel by 12:05 p.m. U.S. crude oil was up 41 cents at $49.48. Leaders from OPEC and other producers meet in Vienna on May 25 to decide on output policy. Russia’s largest oil producer Rosneft will meet its agreements with OPEC on oil output reductions, Igor Sechin, Rosneft chief

The dollar was fetching just 111.35 yen at 2:18 p.m. HK/SIN, off a low of 110.51 yen, but down from levels over 113 yen earlier in the week. Across the Korean Strait, South Korea’s Kospi shed 0.18 percent, or 4.23 points, to end at 2288.85. Australia’s S&P/ASX 200 dropped 0.82 percent, or 47.729 points, to close at 5738.30, extending Wednesday’s 1.1 percent fall. Hong Kong’s Hang Seng Index declined 0.66 percent or 168.07 points to finish at 25,125.56. On the mainland, the Shanghai Composite she

The Trump administration — which has been bashing Obamacare for months — on Wednesday said it would make a change that could lead to higher enrollment in Obamacare plans next year. The administration said it would remove a technical speed bump in how internet-based insurance brokers sign up customers in health plans sold on HealthCare.gov, the federal Obamacare marketplace. Web brokers long have said that they can help increase Obamacare enrollment because of their marketing budgets, customer se

A daily morning look at the financial stories you need to know to start the day. STOCKS/ECONOMY-Stock futures are solidly lower as investors react to the latest allegations against President Donald Trump. -But Target is cheering investors with its earnings report this morning. COMEY/FLYNN INVESTIGATION-Anonymous sources are telling many news outlets that President Trump asked then-FBI Director James Comey to end the investigation into former National Security Adviser Michael Flynn in February. T

Investors should buy ConocoPhillips shares because the oil and gas company will increase its capital return to shareholders, according to Jefferies, which raised its rating on ConocoPhillips to buy from hold. “COP has recast its business model since the oil price downturn and is now focusing on returns rather than chasing growth. The company has aggressively cut both capital spending and operating expenses,” analyst Jason Gammel wrote in a note to clients Wednesday. “Management has expressed a c

Traders dusted off their market correction playbook Wednesday as a measure of fear on Wall Street surged in early trading on the drama unfolding in Washington. History shows bonds and gold retain their value during times of rising fear on trading floors, while bank stocks get shellacked. Using hedge fund tool Kensho, CNBC looked at what typically happens with major asset classes and stock sectors when the level of fear rises on the Street. Among major stock sectors, nothing averaged a gain durin

Google is building tools to predict when you’ll get sick. The company is applying its machine learning expertise, which it originally developed for consumer products like Translate and Image Search, to health care. “We can improve predictions for medical events that might happen to you,” said Katherine Chou, the head of product at Google Brain, in an interview with CNBC. Many of the top hospitals have their own technology teams, but they pale in comparison to the computing talent at Google. “It’

Daunting as it may be, it’s important to remember that even the most successful people have to start somewhere. Take self-made billionaire Mark Cuban, the outspoken judge on “Shark Tank” and owner of the Dallas Mavericks, as an example. Even as a kid, Cuban had a knack for business. After transferring from the University of Pittsburgh at the end of his freshman year, Cuban attended Indiana University because it had the cheapest business school in the top 10. “That endeavor soon led him to hostin