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☆ Apple's falling iPhone sales don't bother Wall Street so long as margins, buybacks are increasing
▼ + stars: | 2024-05-02 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Instead of glaring too much at iPhone revenue, Wall Street chose to focus on the positive. Apple said iPhone sales suffered from a difficult comparison to last year, when sales were elevated after previous shortages. Annual iPhone revenue peaked in Apple's fiscal 2022. While Apple provided some guidance for total revenue, it avoided offering any sort of forecast for iPhone sales. "For the last couple of years we were doing $90 billion and now we're doing $110 billion," Maestri said on the call.

Persons: Tim Cook, Gene Munster, Munster, CNBC's, Apple, Luca Maestri, that's, Dow, Maestri, let's Organizations: Apple, Fifth, Wall, Wall Street, Android, Microsoft, Dow Jones Locations: New York City, There's

☆ Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller
▼ + stars: | 2024-04-30 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Strong demand and tight supply continue to push home values higher, even though mortgage rates are now moving higher again. "For the third consecutive month, all cities reported increases in annual prices, with four currently at all-time highs: San Diego, Los Angeles, Washington, D.C., and New York." The second decline followed the peak in average mortgage rates last October," he added. This index records prices on a three-month moving average, so they go back as far as December, when mortgage rates hit their recent lows. Since that time, however, mortgage rates have jumped nearly a full percentage point.

Persons: Brian Luke, Dow, Luke Organizations: Dow Jones, D.C, Federal Reserve Locations: U.S, Diego , Los Angeles , Washington, New York, San Diego, Chicago, Detroit, Portland , Oregon, Boston , New York, Washington

☆ There’s more bad news for potential homebuyers: Prices just hit another record
▼ + stars: | 2024-03-26 | by ( Alicia Wallace | ) edition.cnn.com time to read: +1 min

CNN —US home prices rose at the fastest clip in months to a fresh record high in January, according to data released Tuesday, highlighting how a housing shortage combined with high mortgage rates continues to limit affordability. The S&P CoreLogic Case-Shiller US National Home Price index rose 6% in January from a year before, accelerating from a 5.6% annual increase in December. “On a seasonal adjusted basis, home prices have continued to break through previous all-time highs set last year,” he noted. On a month-over-month basis, prices rose 0.4% on a seasonally adjusted basis. Minneapolis home prices have declined 2.4% during the three months ended in January, according to the report.

Persons: ”, Brian Luke, Dow, Freddie Mac Organizations: CNN, “, San Diego, Dow Jones, Minneapolis Locations: San Diego , Los Angeles, Washington

☆ Stock pickers did better in 2023, but long-term performance is still dismal
▼ + stars: | 2024-03-06 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Despite the odds, active managers turned in a better-than-expected performance in 2023, according to a report out today by S & P Global. The bad news: the long-term performance of active managers remained dismal. The majority (60%) of large-cap fund managers underperformed the S & P 500 in 2023, according to S & P Global. While that may not seem like an impressive performance, it is slightly better than the historic average of 64% that underperform the S & P 500. Surprising, because 2023 was a tough year for active managers.

Persons: Dow, Anu Ganti, Dow Jones, Ganti Organizations: P, Dow Jones, U.S, Dow Jones Indices Locations: U.S

☆ Stocks making the biggest moves midday: Macy's, Super Micro Computer, Lyft, DoorDash and more
▼ + stars: | 2024-03-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Super Micro Computer , Deckers Outdoor — The technology firm and athletic footwear designer respectively popped 27% and nearly 3% after S & P Dow Jones Indices announced Friday that the two stocks would be added to the S & P 500 on March 18. Super Micro Computer and Deckers Outdoor will replace Zions Bancorpation and Whirlpool , which will move to the S & P MidCap 400 Index. Macy's — Shares skyrocketed 16% after Arkhouse Management said it and Brigade Capital Management have raised their offer for the department store . DoorDash — Shares jumped more than 5% after RBC upgraded the food delivery company to outperform from sector perform. Lyft — The ride-sharing platform added 6% after RBC upgraded the stock to an outperform rating from sector perform.

Persons: Dow, Zions, —, Lyft, Morgan Stanley, Li, Piper Sandler, Ford, CNBC's Michelle Fox, Alexander Harring, Hakyung Kim, Tanaya Macheel, Yun Li, Jesse Pound, Samantha Subin Organizations: Micro Computer, Dow Jones, Whirlpool, Arkhouse Management, Brigade Capital Management, Apple, European, Miners, Marathon Digital, Cipher Mining, Iris Energy, RBC, Kyverna Therapeutics, Wells, JPMorgan, Ferrari —, Citi, Li Auto, Dutch Bros, American Airlines —, Max Locations: Wells Fargo

☆ Stocks making the biggest moves premarket: Super Micro Computer, Deckers Outdoor, Macy's and more
▼ + stars: | 2024-03-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Super Micro Computer , Deckers Outdoor — Shares of Super Micro Computer and Deckers Outdoor jumped 12% and 5%, respectively, after S & P Dow Jones Indices said Friday the two companies would be added to the S & P 500 later this month. They will replace Whirlpool and Zion Bancorp, which will move to the S & P MidCap 400 index as of the March 18 open. Macy's — Macy's stock skyrocketed nearly 17% after Arkhouse Management upped its buyout offer for the department store chain to $24 from $21 a share, or about $6.6 billion. Crypto stocks – Companies whose performance is tied to the price of bitcoin rose in premarket trading after the cryptocurrency touched another two-year high . Spirit AeroSystems , Boeing — Shares of the fuselage maker rose nearly 3%.

Persons: Dow, CleanSpark, AeroSystems, Lyft, Morgan Stanley, Li Auto, Piper Sandler, Brian Mullan, — CNBC's Lisa Han, Fred Imbert, Tanaya, Hakyung Kim, Jesse Pound, Michelle Fox Organizations: Micro Computer, Dow Jones, Whirlpool, Zion Bancorp, Arkhouse Management, Apple, European Commission, Marathon, Iris Energy, RBC, Boeing —, Boeing, Max, —, Citi, Li Auto, Li, Mobile

☆ These 3 stocks have outperformed Nvidia over the past 5 years—they're not Apple or Tesla
▼ + stars: | 2024-02-29 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

Microchip giant Nvidia has been the banner name, having returned an eyewatering 1,904% over the past five years. Why smaller stocks tend to outperform larger onesIt's not hard to picture how small companies can have a growth advantage over large ones. That's why investors who are looking to boost their long-term returns over time — especially those currently heavily concentrated in large stocks — are encouraged to diversify into small- and mid-cap stocks. "Smaller companies generally experience more volatility." How to add small and midsize stocks to your portfolio

Persons: you'd, It's, Dow, Jeremy Straub, Greg Marcus, it's, you'll Organizations: Nvidia, Micro, Energy, Microsoft, Apple, Dow Jones, Wealth, CNBC, UBS Private Wealth Management, Hennessy Funds Locations: U.S, someone's

☆ Stocks hate this one weird trick from the calendar
▼ + stars: | 2024-02-29 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

New York CNN —Leap Day might seem like fun and games — until you consider Wall Street. To account for that gap, Julius Caesar in 45 BC decreed that an extra day be added every four years, leading to the Julian calendar. Pope Gregory XIII in 1582 AD created the Gregorian calendar, coined the term “leap year” and established February 29 as the official leap day. He adds that a leap day can also help marginally raise corporate earnings, since companies get an extra day in a fiscal quarter to operate. History shows that stocks tend to perform worse when an additional day is added to the calendar.

Persons: Julius Caesar, Pope Gregory XIII, Matt Weller, Weller, Dow, ”, “ Barbie ”, “ Oppenheimer, ’, Samantha Delouya, It’s, Read, Sam’s, Sam, Matt Egan, Banks Organizations: CNN Business, Bell, New York CNN, Dow Jones, Bulls, Research, AMC Entertainment, AMC, Treasury Department, CNN, Treasury Locations: New York, FOREX.com

☆ Investors and execs eye Trump's potential return to the White House
▼ + stars: | 2024-02-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

AdvertisementThe 2024 presidential election seems destined to be the rematch many voters have been expecting : President Joe Biden against former President Donald Trump. So what would Trump's return to the White House mean for stocks? President Joe Biden gives remarks on the conflict between Israel and Palestine at the White House in Washington on October 7, 2023. During his speech, President Biden reiterated the United States' support for Israel. Amanda Andrade-Rhoades/For The Washington Post via Getty ImagesAmong the world's more powerful people, opinions are divided on the impact of Trump's return.

Persons: we've, Donald Trump, Donald Trump grins, Chip Somodevilla, Joe Biden, Trump, Nikki Haley, Haley, Biden, Trump's, that's, Matthew Fox, James Reilly, Amanda Andrade, Rhoades, didn't, Jamie Dimon, Dimon, Ray Dalio, Tesla, Warren Buffett, Berkshire Hathaway, Charlie Munger, Francois G . Durand, Jenny Chang, Rodriguez, Dick Costolo, Elon, Rebecca Zisser, Gen Zers, Millennials, Uber, Dow, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: South, GOP, Trump, South Carolina GOP, Gov, Nasdaq, Capital Economics, White, Israel, Washington, Getty, Economic, CNBC, Bridgewater, Nvidia, Berkshire, SpaceX, Dow Jones, US Locations: New Hampshire, China, Capital, Israel, Palestine, Washington, United States, Russia, Ukraine, New York, London, Chicago

☆ Nvidia’s market value catapults to $2 trillion
▼ + stars: | 2024-02-23 | by ( Krystal Hur | ) edition.cnn.com time to read: +1 min

New York CNN —Nvidia joined an exclusive club on Friday morning when its market value topped $2 trillion, just days after the chipmaker reported gangbusters earnings that once again swept Wall Street into an artificial intelligence-induced fervor. Nvidia’s latest achievement comes after the company earlier this month surpassed Amazon and Alphabet in market value and become the third-largest company on Wall Street behind Microsoft and Apple. The company hit a $1 trillion market cap in 2023, about 24 years after going public. Its meteoric growth over the past year came as artificial intelligence mania consumed Wall Street and helped power a ferocious bull market. Nvidia has emerged the poster child of AI on Wall Street, in part because it is crucial to the burgeoning AI space.

Persons: Howard Silverblatt, Dow, — CNN’s Clare Duffy Organizations: New, New York CNN, Nvidia, Dow Jones, Apple, Microsoft, Wall Street Locations: New York

☆ These companies are hiking their dividends – What to know before you buy shares
▼ + stars: | 2024-02-22 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Big names boosting dividends as of late include Walmart , which hiked its annual payment by 9% to 83 cents a share. Meta Platforms made headlines earlier this month when it announced it would issue its first-ever quarterly dividend – a payout of 50 cents per share. Government spending, including the CHIPS Act and the infrastructure legislation known as the Inflation Reduction Act , and the upcoming presidential election are also key considerations for companies, Silverblatt added. Dividend growth names, for instance, might offer you lower yields in the present, but you have the prospect of higher future payouts. "You need to know the fund, what they invest in and what the restrictions are," Silverblatt said.

Persons: Howard Silverblatt, Dow, Silverblatt, you've Organizations: Dow Jones, Big, Walmart, Railway, CSX, Government, Tech, Apple, Microsoft, Caterpillar, McDonald's, ExxonMobil

☆ Amazon is getting added to the Dow. What it means for the market benchmark
▼ + stars: | 2024-02-21 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The Dow is adding Amazon, while removing Walgreens Boots Alliance. With the change, S & P Dow Jones Indices senior index analyst Howard Silverblatt said the Dow could rally all the way to 42,865. The effect on incoming and outgoing members of the Dow is less clear. According to past data from Ned Davis Research, stocks that leave the Dow have historically outperformed incoming members. Since 1972, outgoing members have averaged a 12-month gain of nearly 17.5%, while new members have averaged a 10% gain in their first year.

Persons: Dow, Howard Silverblatt, Silverblatt, Ned Davis Organizations: Dow Jones, Walgreens, Alliance, Walmart, Walgreens Boots Alliance, Dow, Ned Davis Research

☆ Premarket stocks: Is Nvidia too big to fail?
▼ + stars: | 2024-02-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Investors expect Nvidia to report earnings of $4.59 a share and $20.378 billion in revenue, up from just $6.05 billion a year before. Too big to fail: For the time being, Nvidia is the “most sophisticated and deployed” chipmaker in the world, and its output is one of national importance, said Newman. Capital One wants to be the biggest credit card company in America. If approved by regulators and shareholders, Capital One’s (COF) acquisition will create the biggest US credit card company by loan volume. Compared to other major credit card issuers, Capital One has historically catered to customers with credit scores in the 600s range, which is considered subprime.

Persons: “, ”, Daniel Newman, Newman, Jensen Huang, ” What’s, Sam Altman, Pat Gelsinger, Elisabeth Buchwald, Biden, Richard Fairbank, Fairbank, Samantha Delouya, Dow, Dow hasn’t Organizations: CNN Business, Bell, New York CNN, Nvidia, Wall, Microsoft, Apple, Investors, Intel, AMD, Discover Financial Services, Capital, Discover, Mastercard, Consumer Financial, Bureau, Walgreens, Dow Jones, Alliance, Dow Jones Industrial, Dow Jones Indices, Dow, Tesla Locations: New York, California, United States, China, Dubai, America

☆ CNBC Daily Open: Is the battle against inflation getting tougher?
▼ + stars: | 2024-02-21 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The 30-stock Dow fell 0.17%. Palo Alto Networks dipsShares of Palo Alto Networks fell 19% in extended trading, after the cybersecurity company lowered its full-year outlook. Pros say that exposure can come from real estate investment trusts and picked 5 REITS that are in play.

Persons: Jerome Powell, Dow, Nikesh Arora, Amazon's Dow, Yemen's Organizations: Federal Reserve, New York Stock Exchange, CNBC, Nvidia, Nasdaq, Palo, Palo Alto Networks, Walgreens, Dow Industrial, Dow Jones Indices Locations: New York City, U.S, Red, Rafah

☆ Stocks making the biggest moves midday: Nvidia, SolarEdge, Teladoc, Wingstop and more
▼ + stars: | 2024-02-21 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

First-quarter revenue is expected to be $175 million to $215 million, far below the $406 million forecast. Teladoc posted $661 million in revenue, below the $671 million consensus forecast from LSEG, formerly known as Refinitiv. Wingstop — The restaurant chain slipped 4% despite reporting fourth-quarter earnings and revenue that topped analysts' estimates. However, total revenue growth came down for the fourth consecutive quarter. Wix.com reported fourth-quarter earnings of $1.22 per share, more than the consensus estimate from StreetAccount of earnings of 96 cents per share.

Persons: SolarEdge, Teladoc, Alan Shaw, —, Dow, Wingstop, Wix.com, CNBC's Hakyung Kim, Michelle Fox, Lisa Kailai Han, Jesse Pound, Samantha Subin, Yun Li, Sarah Min Organizations: Nvidia, Wall, Palo Alto Networks, Toll, Norfolk Southern, Barclays, Walgreen Boots, Dow Jones, Walgreens, Alliance, Dow Jones Industrial, Walgreens Boots Alliance, HSBC —, HSBC, Bank of Communications, Garmin —, Garmin Locations: Palo, billings, LSEG, U.S, China

☆ Amazon is replacing Walgreens in the Dow Jones Industrial Average
▼ + stars: | 2024-02-20 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Walgreens Boots Alliance is getting the boot from the 30-stock Dow Jones Industrial Average and Amazon is taking its place. The change means that investors who bet on the Dow Jones Industrial Average will now have exposure to Amazon’s stock performance. Amazon’s stock rose more than 1% and Walgreens’ stock fell 3% in after-hours trading on Tuesday. S&P Dow Jones Indices also announced that Uber would replace JetBlue Airways in its Dow Jones Transportation Average, which is a 20-stock index that tracks the performance of US transportation companies. Walgreens’ stock is down 68% in the past 5 years, while JetBlue’s stock has fallen 59% in the same time period.

Persons: Dow, Dow hasn’t, Uber Organizations: CNN, Walgreens Boots Alliance, Dow Jones Industrial, Dow Jones Indices, Dow Jones, Apple, Microsoft, Dow, Nvidia, Tesla, Walgreens, JetBlue Airways, Dow Jones Transportation, JetBlue

☆ Amazon to replace Walgreens in Dow Industrial Average next week
▼ + stars: | 2024-02-20 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Amazon will replace Walgreens Boots Alliance in the Dow Jones Industrial Average, according to a Tuesday announcement from S&P Dow Jones Indices, which manages the price-weighted measurement of 30 stocks. Amazon shares moved up 1% in extended trading, and Walgreens stock moved 3% lower. "Reflecting the evolving nature of the American economy, this change will increase consumer retail exposure as well as other business areas in the DJIA," S&P Dow Jones Indices said in a statement. Amazon's arrival in the Dow Jones comes three years after business software maker Salesforce joined, along with Amgen and Honeywell International. In the most recent quarter Walgreens narrowed its losses to $278 million from $3.8 billion in the year-ago quarter, excluding non-controlling interests.

Persons: Dow, it's, Andy Jassy, Jeff Bezos, Dow Jones, Salesforce, Amazon's Organizations: Walgreens, Alliance, Dow Jones, Dow Jones Indices, Walmart, Amazon, Microsoft, Honeywell International, Dow, GE

☆ S&P 500 closes above key 5,000 level for first time
▼ + stars: | 2024-02-09 | by ( Nicole Goodkind | Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —The S&P 500 closed above the 5,000 level on Friday for the first time as bullish sentiment spreads across Wall Street and investors cheered fresh data showing progress on inflation. The S&P 500 briefly topped 5,000 for the first time intraday on Thursday. It took almost 41 years for the S&P 500 to reach its first major milestone of 1,000, which it hit on February 2, 1998, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. When the S&P 500 sets a new high in January, found Sam Stovall at CFRA Research, it reaches new highs in February about 75% of the time. The S&P 500 is up about 5.4% so far this year.

Persons: Howard Silverblatt, Dow, Sam Stovall, ”, Scott Wren Organizations: New, New York CNN, Federal Reserve, Dow Jones, CFRA Research, Fed, Big Tech, Nvidia, Microsoft, Meta, Wells Fargo Investment Institute Locations: New York, Wells Fargo

☆ These market signals suggest recession fears aren’t gone yet
▼ + stars: | 2024-02-02 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

The Dow Jones Transportation Average, which tracks 20 US transportation stocks from railroads to airlines to delivery, has fallen 1.6% so far this year, underperforming the broader Dow industrials’ 2.2% gain. As that optimism dims, some investors worry that the decline in transportation stocks suggests rough times ahead for the economy. The transportation index tends to fall when the economy deteriorates, as demand for travel and goods wanes. Turmoil in the airline industry also likely contributed to the recent slide in transportation stocks. But net profit fell 14% to €4.9 billion ($5.3 billion) as its tax bill rose.

Persons: CH, , ”, Mark Luschini, Janney Montgomery Scott, Russell, Howard Silverblatt, Dow, effusively, ”, Luschini, Jason Heller, “ I’m, Hanna Ziady, Sewing, Read, Tod Steward, He’s, It’s, Parija Kavilanz, Steward, Steward hasn’t, “, haven’t, that’s Organizations: CNN Business, Bell, New York CNN, Dow Jones Transportation, Dow, CH Robinson Worldwide, United Parcel Service, Avis Budget Group, Alaska Air Group, Federal Reserve, Alaska Airlines Boeing, Max, Apple, Microsoft, Meta, Dow Jones, Tesla, Coastal Wealth, Deutsche Bank, Super Bowl, CNN Locations: New York, Seattle

☆ Meta makes a splash and joins the dividend-paying crowd. Here's how it stacks up in the market
▼ + stars: | 2024-02-02 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

That's big enough to still rank 31st in the S & P 500. Meta's dividend is also big enough to have a small impact on the S & P yield, increasing the overall yield 0.74%, to 1.4609% from 1.4501%, according to S & P Global. And it's large enough to push the total payout for the S & P 500 to $600 billion for the first time. In paying a bonus, Meta joins the majority About 80% of S & P 500 companies pay a dividend. Since 1926, the S & P 500 has returned an annualized total return (price plus dividends) of 10.37% a year.

Persons: Meta, Morgan Stanley, Johnson, Howard Silverblatt, Dow, Silverblatt Organizations: Meta Platforms, ExxonMobil, Apple, JPMorgan, Verizon, P, Dow Jones, Microsoft, CNBC

☆ Wall Street is on pace to finish January higher. Why that could be good news for the rest of the year
▼ + stars: | 2024-01-30 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

That's according to the "January barometer" from the "Stock Trader's Almanac," which argues that "as the S & P 500 goes in January, so goes the rest of the year." The S & P 500 has managed to trade above the 4,900 level already this month and is currently up 3.3% in the new year. That's enough to put the broad market index trading above Wall Street strategists' average 2024 target of 4,914, according to the CNBC PRO Market Strategist Survey. .SPX YTD mountain S & P 500 in 2024 Election Year Notably, 2024 is a U.S. presidential election year. By comparison, the S & P 500 typically gains 15% in those years with a higher January.

Persons: Stocks, Stephen Suttmeier, Suttmeier, Sam Stovall, Outperformers, Dow, Stovall, What's, — CNBC's Michael Bloom Organizations: Dow Jones Industrial, Nasdaq, Wall, CNBC, Market, Survey, Bank of America, Dow Jones Locations: U.S

Home prices declined slightly in November while posting yearly gains, suggesting the housing sector has cooled somewhat heading into 2024. The house price decline came at a time where mortgage rates peaked, with the average Freddie Mac 30-year fixed rate mortgage nearing 8%, according to Federal Reserve data. But as more inventory comes on the market and mortgage rates remain elevated, sale prices may be beginning to wilt. That has led some analysts to say that the market could bounce back as the traditional spring buying season begins. The index tracks a three-month period when mortgage rates were zig-zagging and ended on a down note, said Danielle Hale, chief economist at Realtor.com.

Persons: ”, Brian Luke, San Francisco, Cleveland –, Luke, “, Freddie Mac, Selma Hepp, Danielle Hale Organizations: Dow Jones, Seattle, Cleveland, Midwest, Federal Reserve Locations: “, San, Miami, Tampa, Atlanta, Charlotte , New York

☆ How to get the biggest bang for your buck while investing in dividend-paying stocks
▼ + stars: | 2024-01-29 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

As attractive as today's yields may look on certain dividend-paying stocks, they only tell part of the story when you're choosing names for income. Lower interest rates make other income-generating assets, including dividend-paying stocks, more attractive compared to the risk-free yields on Treasurys. Dividend stocks took their lumps during 2022 as the Fed embarked on its rate hikes – consider that the Vanguard Dividend Appreciation ETF (VIG) posted a total return of negative 9% in 2022 – and rate-sensitive income stocks in the utilities and real estate sector suffered. Check with your brokerage to make sure you have dividends reinvested as your preference for individual stocks and ETFs. Picking the right names Dividend investors are seeing 2024 as a potential rebound year for these stocks, anticipating a broadening rally.

Persons: Michael Arone, Dow, VIG, would've, Grace Lee, –, Dow Jones, Arone, Chris Hayes Organizations: SPDR, State, Federal, Dow Jones, Fed, Vanguard, CNBC Pro, IBM, Columbia, Opportunity, Walgreens, Alliance

☆ After Tesla’s dismal quarter, more of the Magnificent Seven face tests next week
▼ + stars: | 2024-01-28 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

That comes as the rest of the “Magnificent Seven” — Nvidia, Microsoft, Meta Platforms, Amazon, Apple and Alphabet — continue climbing higher. Excluding Tesla, the Magnificent Seven is projected to report an aggregate 53.7% fourth-quarter earnings growth from the prior year, according to FactSet. Companies in the S&P 500 index are expected to report a 10.5% earnings decline minus those six firms. The “Magnificent Seven” excluding Tesla has a combined market cap of roughly $12 trillion, according to Bespoke Investment Group data through Wednesday’s close. Her firm owns all of the Magnificent Seven stocks except for Tesla.

Persons: Tesla, Howard Silverblatt, Dow, “ You’re, ”, Saira Malik, Russell, “, Shelby McFaddin, Wall, Joe Mazzola, Charles Schwab Organizations: New, New York CNN — Tech, Nvidia, Microsoft, Meta, Amazon, Apple, Companies, Big Tech, Dow Jones, Investors, Federal Reserve, Dow, Tesla, Investment, Federal, — Locations: New York

☆ Commodity markets are in a 'super squeeze' — and higher prices could be here to stay
▼ + stars: | 2024-01-26 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +6 min

A commodity "super squeeze" is denoted by higher prices driven by supply constraints more than a robust growth in demand, he explained. "If it's a supply constraint that's driving high commodity prices, it's a very different story for global growth," he told CNBC via Zoom. Higher prices as a result of a super squeeze are "not as positive." The super squeeze could be deeper, or more prolonged if geopolitical, climate change or energy transition related supply disruptions are larger than expected. He highlighted that extreme weather events and geopolitics have also impacted the agricultural and energy commodity baskets.

Persons: Li Xin, Paul Bloxham, Bloxham, Brian Luke S, Dow, HSBC's Bloxham, Ian Waldie, Brian Luke, Matty Zhao Organizations: Technology, Getty, Visual China, HSBC, CNBC, Paul Bloxham HSBC, Energy, Commission, Commodities, Bloomberg, Dow Jones, of America Securities Locations: SUIXI, CHINA, Anhui, Suixi County, Huaibei City, Anhui Province, China, Israel, Gaza, Ukraine, Red, Australia, Asia, Pacific

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