Cramer explains why bank stocks performed poorly this year

CNBC’s Jim Cramer on Tuesday named three financial stocks he believes are worth buying.

Stocks closed higher on Tuesday, snapping a four-day losing streak that had been driven in part by Wall Street’s fears that the Federal Reserve’s interest rate increased could tip the economy into a recession next year.

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But while investors continued to worry about a potential economic downturn, Cramer reminded them that this scenario is still avoidable.

“If you think the Fed will stop bringing the pain at some point in 2023, then … these names could become tremendous performers,” Cramer said.

Here are his picks:

Wells Fargo

Cramer called the stock a great “turnaround story” that could roar higher next year if the economy didn’t tip into a severe recession. He added that he believes the company’s performance will fare better once it pays off a $3.7 billion settlement with the Consumer Financial

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The best home insurance companies offer high-quality coverage that protects against damage to your home’s structure and your property, whether it is caused by lightning, winds, fire, or other covered perils. Homeowners’ insurance also comes with important liability coverage that can save you financially if someone is injured on your property and decides to sue you for damages.

That said, not all homeowners insurance is created equal, and the best home insurance companies stand out due to the breadth of their policy offerings, the discounts they offer, and their affordable premiums. To help you find the best home insurance company for your needs and your budget, we compared more than 20 of the top providers based on these factors as well as third party rankings from agencies like A.M. Best and J.D. Power.

Our Picks for Best Home Insurance of 2022

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Traditional guidance says not to spend more than 4% of your retirement savings in the first year to protect yourself from running out of money in your golden years.

A new recommendation puts that figure at 3.8% with a 30-year time horizon, according to researchers at Morningstar Inc., a half-point higher than the 3.3% withdrawal they recommended in 2022 due to expectations for lower future investment returns.

That means if you retire this year with a $640,000 portfolio invested 50% in stocks and 50% in bonds, you should take out no more than $24,320 in 2023.

Still, there are ways to boost that withdrawal rate — from tweaking allocations to not adjusting for inflation — without creating too big of a risk of outliving your savings, according to experts.

“We don’t use any hard-and-fast rules with our clients,” Laura LaTourette, a certified financial planner with Family Wealth Management Group in

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Do you believe making money online is more fantasy than reality? It’s not – the evidence is the tens of thousands of people who are making money online from home right now.

To help you make this dream a reality, we’re providing this guide of the 25 best ways to make money online from home.

You can skim the table below, which lists all 25 with earning potential, skills needed, and difficulty level. But you can read the summaries that follow to get a more detailed description of each.

Strategy Earning Potential Skills Needed Difficulty Level
Launch Your Own Blog $100s to $1,000s per month Technical website knowledge, subject expertise, writing ability, social media skills High
Take Online Surveys A few dollars to several $100 per month, but often payment in points Personable, opinionated, informed Low
Invest with Peer-to-Peer Lending A few dollars to several $100 per month Capital to
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