DIRS.INFO The most relevant business & tech news

☆ The Fed will be the main event in the week ahead that includes a jobs report, more tech earnings
▼ + stars: | 2024-04-26 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

On top of that, the latest U.S. jobs market scorecard will be released along with more mega-cap earnings. This week, the U.S. 10-year Treasury yield briefly climbed above 4.7% for the first time since November. That's down sharply from the six or seven rate cuts investors were anticipating coming into the year. April jobs Investors will also get an update on the labor picture next week, with the release of the April nonfarm payrolls report set for Friday. Corporate earnings season will also ramp up in the week ahead with a slew of consumer-facing companies set to report.

Persons: Stocks, Powell, David Alcaly, Jerome Powell's, we've, they're, Brian Nick, Matt Stucky, it's, Stucky, Dow Jones, Nick, Archer, Eli Lilly, Kraft, Estee, Ingersoll Rand, Stanley Black, Decker, Hershey Organizations: Nasdaq, Google, Microsoft, Treasury, Lazard Asset Management, Macro, Northwestern Mutual Wealth Management Company, Fed, Apple, Micro Computer, Dallas Fed, Paramount, ON Semiconductor, Chicago PMI, Prudential Financial, Devices, Storage, Diamondback Energy, Caesars Entertainment, Corning, Daniels, Midland, Molson Coors Beverage, Marathon Petroleum, GE Healthcare Technologies, PayPal, ADP, P Global, Manufacturing, Oil, MGM Resorts International, Allstate, Etsy, eBay, Qualcomm, MetLife, First, Devon Energy, Cruise Line Holdings, Brands, Marriott International, Kraft Heinz, Pfizer, Companies, CVS Health, Generac, Mastercard, Labor, Nation Entertainment, Booking Holdings, Natural Resources, Motorola Solutions, Expedia, EOG, Coterra Energy, Dominion Energy, Howmet Aerospace, ConocoPhillips, Moderna, PMI, Services PMI Locations: U.S, Chicago, McDonald's, Albemarle, EOG Resources

☆ Chicago's 'rat hole' was mysteriously filled and then restored. Now it's a place of holy rat-rimony.
▼ + stars: | 2024-01-21 | by ( Lloyd Lee | Associated Press | ) www.businessinsider.com time to read: +3 min

Read previewThe viral Chicago "rat hole" was quickly restored after it was mysteriously filled in, proving how the imprint has instantly become a beloved attraction — and a site for love? In a city infamous for its gangster past, some culprit filled in a Northside Chicago neighborhood landmark affectionately called by residents the "rat hole." It was reported Friday on social media that the "rat hole" had been filled with a substance resembling white plaster. Tributes were left behind the iconic Chicago "rat hole." Chicago resident Winslow Dumaine learned about the "rat hole" from a friend and posted a photo earlier this month of it on X, formerly known as Twitter.

Persons: —, Al, Tyler Pasciak LaRiviere, Stucky, Jeff VanDam, Winslow Dumaine, Dumaine Organizations: Service, Business, Sanitation, Chicago Tribune, Chicago Sun, Times, Chicago, Twitter, Tribune Locations: Chicago, Northside Chicago, —, Windy City

In a city infamous for its gangster past, some culprit filled in a Northside Chicago neighborhood landmark affectionately called by residents the “rat hole.”The indentation in the pavement on West Roscoe Street resembles the outline of a rat, claws tail and all. It was reported Friday on social media that the “rat hole” had been filled with a substance resembling white plaster. “Overall, people just appreciate that our wonderful block is getting attention — even if it’s to look at a rat hole,” Jeff VanDam told the Chicago Sun-Times for a story Friday. Chicago resident Winslow Dumaine learned about the “rat hole” from a friend and posted a photo earlier this month of it on X, formerly known as Twitter. “Chicago prides itself on all of the things that make Chicago difficult, and no matter how much Chicago hates rats, they love rats,” he added.

Persons: Al, Lil Stucky, Jeff VanDam, “, Winslow Dumaine, ” Dumaine, ” Organizations: CHICAGO, Sanitation, Chicago Tribune, Chicago Sun, Times, Chicago, Twitter, Tribune Locations: Northside Chicago, —, Windy City, Chicago

☆ 'A lot of ifs and leaps of faith': 7 investment chiefs and strategists break down earnings trends in what may be a make-or-break Q4, and 3 sectors to watch
▼ + stars: | 2024-01-19 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Markets are closely monitoring Q4 earnings results, which began rolling out in mid-January, since they give much-needed clarity on the prior year while setting the tone for the year ahead. AdvertisementWhat to expect during the Q4 earnings seasonEarnings seasons often bring surprises, but there are also bankable bets. But we're going to be driven more by the macro, if we're excluding these mega-cap tech stocks." 3 sectors with boom-or-bust potentialWhile the strategists Business Insider spoke with didn't provide investing recommendations, several shared which sectors they're watching in Q4. Bianco believes the tech sector's earnings will rise over 20% this year.

Persons: —, Matt Stucky, Stucky, David Kelly, UBS Josh Jamner, That's, Jamner, Carol Schleif, Schleif, there's, Anthony Saglimbene, David Bianco, Saglimbene, Bianco, Brad Klapmeyer, Klapmeyer, " Bianco, Ameriprise's Saglimbene, BMO's Schleif, Indrani De, De, she's, he'd, that's Organizations: Service, Business, Northwestern Mutual Wealth Management, Asset Management, UBS, ClearBridge Investments, BMO Family Office, DWS, Macquarie Asset Management, FTSE Russell Locations: Americas

☆ Top money managers warn that 2024 earnings expectations are getting out of hand, even as Wall Street firms scramble to raise their S&P 500 targets
▼ + stars: | 2024-01-18 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Goldman Sachs"We expect price increases to be driven by modest earnings growth and well-supported price-to-earnings multiples," wrote Austin Pickle, a strategist at WFII, in a January 16 note. Stucky continued: "I've never seen a re-acceleration in earnings growth — which is what the baseline expectation is for earnings — absent some sort of economic recovery or an acceleration in economic growth. He noted that many factors influence profits, but added that his forward model suggests there's earnings risk ahead. Bianco said he expects flat or mid-single-digit earnings growth for stocks in most sectors. However, he said that during expansions, GDP growth is a poor predictor of earnings growth.

Persons: Goldman Sachs, Austin Pickle, Jonathan Golub, Golub, Matt Stucky, Stucky, I've, Brad Klapmeyer, He's, Klapmeyer, Anthony Saglimbene, —, Saglimbene, Saglimbene doesn't, David Bianco, Bianco Organizations: Business, Wells, Investment Institute, UBS, Federal Reserve, Northwestern Mutual Wealth Management, Macquarie Asset Management, DWS Group

☆ Study finds Mounjaro outperforms Ozempic in overweight & obese adults: Truveta's VP of Research
▼ + stars: | 2023-11-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStudy finds Mounjaro outperforms Ozempic in overweight & obese adults: Truveta's VP of ResearchDr. Nick Stucky, VP of Research at Truveta, joins 'Fast Money' to talk the results of a study comparing weight-loss drugs Mounjaro and Ozempic.

Persons: Mounjaro outperforms, Nick Stucky, Mounjaro Organizations: Research

☆ Mounjaro is more effective than Ozempic for weight loss in overweight and obese adults, real-world study says
▼ + stars: | 2023-11-27 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

The blockbuster diabetes drug Mounjaro is more effective for weight loss than another highly popular treatment, Ozempic, in overweight or obese adults, according to a large analysis of real-world data published Monday. The results come as both drugs and similar treatments approved for weight loss soar in demand in the U.S. for their ability to help patients shed unwanted pounds over time. Previous head-to-head studies have similarly suggested that Mounjaro is more effective than Ozempic for weight loss and controlling blood sugar in adults with Type 2 diabetes. But Monday's study confirms Mounjaro's edge over Ozempic in a real-world setting, specifically among adults who are overweight or obese. Eli Lilly is pitting Mounjaro against Wegovy, a higher-dose version of Ozempic approved for weight loss, in an ongoing clinical trial in obese or overweight patients.

Persons: Eli Lilly, Mounjaro, We've, Nick Stucky Organizations: Novo Nordisk, Truveta Research, Research, Wegovy Locations: U.S

☆ Investors see opportunities in these beaten-down areas of the stock market
▼ + stars: | 2023-11-10 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Cash is king right now, but investors aren’t casting stocks away completely. Yields jumped on Thursday, after Fed Chair Jerome Powell said in a speech that he’s unsure whether the central bank has adequately tightened monetary policy. Ham says he sees opportunities in dividend growth stocks, whose declines this year mean they’re priced at attractive levels. Investors also shouldn’t overlook small-cap stocks, says Matt Stucky, chief portfolio manager of equities at Northwestern Mutual Wealth Management Company. However, investors are bullish about another pause in rate hikes next month, according to fed funds rate futures.

Persons: Cash, That’s, Jerome Powell, ”, Emerson Ham III, Ham, Dave Sekera, he’s, They’re, hasn’t, Matt Stucky, Stucky, It’s, “, ” Powell, Bryan Mena, Powell, Trevor, Elon Musk, Clare Duffy, Musk, Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Investment Company Institute, Treasury, Advisors, Big Tech, Morningstar Research Services, Utilities, Northwestern Mutual Wealth Management Company, International Monetary Fund, Economic, of New, LinkedIn, Facebook, Center, Anti, Defamation League, ADL Locations: New York, Washington ,, of New York

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. Seven megacap stocks -- Apple (AAPL.O), Microsoft (MSFT.O), Alphabet (GOOGL.O), Amazon (AMZN.O), Nvidia (NVDA.O), Tesla (TSLA.O) and Meta Platforms (META.O) -- have led broader markets higher this year. Their rising stock prices ballooned valuations, however, and some investors say the megacaps could be vulnerable if climbing bond yields keep pressuring stocks. "When the big tech stocks start going down ... the indexes go down," said Matt Maley, chief market strategist at Miller Tabak. Still, strategists point out that the rise in implied volatility for tech stocks is no more than for the broader market.

Persons: Carlo Allegri, megacaps, LSEG, Matt Maley, Miller, ”, Matt Stucky, Chris Murphy, Rick Meckler, J, Bryant Evans, ” Evans, Lewis Krauskopf, Saqib Iqbal Ahmed, Ira Iosebashvili, David Gregorio Our Organizations: New York Stock, REUTERS, Microsoft, Nvidia, Apple, Federal Reserve, Northwestern Mutual Wealth Management, Nasdaq, Susquehanna Financial Group, Amazon, Cherry Lane Investments, Cozad Asset Management, Thomson Locations: Manhattan, New York City , New York, U.S, New Jersey

☆ Stock futures are little changed as Wall Street awaits key consumer inflation data: Live updates
▼ + stars: | 2023-09-12 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

U.S. stock futures were little changed Tuesday night as investors looked toward the release of the consumer price index for more insights on inflation. S&P 500 futures lost 0.02%, while Nasdaq 100 futures ticked up 0.04%. Economists are estimating a 3.6% year-over-year rise in inflation, according to Dow Jones. Fed funds futures pricing data indicate a 93% probability of rates remaining the same as of Tuesday evening, according to the CME FedWatch Tool. If there's a higher-than-expected number, it kind of reaffirms the narrative that wage inflation is driving structural inflation in the overall economy," Stucky said.

Persons: Dow Jones, Matt Stucky, Stucky Organizations: Dow Jones, Nasdaq, Apple, Oracle, CPI, Northwestern Mutual Wealth Management Company

☆ Watch CNBC’s full interview with Solus’ Dan Greenhaus and Northwestern Mutual’s Matt Stucky
▼ + stars: | 2023-07-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Solus’ Dan Greenhaus and Northwestern Mutual’s Matt StuckySolus’ Dan Greenhaus and Northwestern Mutual’s Matt Stucky, join 'Closing Bell Overtime' to discuss market leaders going into the second half and how investors should position.

Persons: Solus ’ Dan Greenhaus, Matt Stucky Solus, Dan Greenhaus, Matt Stucky Organizations: Northwestern

☆ Small and mid caps would benefit from a catch-up trade, says Northwestern's Matt Stucky
▼ + stars: | 2023-07-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSmall and mid caps would benefit from a catch-up trade, says Northwestern's Matt StuckySolus’ Dan Greenhaus and Northwestern Mutual’s Matt Stucky, join 'Closing Bell Overtime' to discuss market leaders going into the second half and how investors should position themselves.

Persons: Matt Stucky Solus, Dan Greenhaus, Matt Stucky Organizations: Northwestern

The 15% year-to-date rally in the S&P 500 (.SPX) is pulling once doubtful investors back into the market. Meanwhile, options investors are buying calls - bets on upside in stocks - at levels not seen in years. A record 1.8 million S&P 500 calls traded on Thursday, helping lift the one-month moving average of calls-to-puts to the highest in at least four years, Trade Alert data showed. The S&P 500 has posted a median gain of 18% in the 12 months after clearing the 20% threshold, LPL Financial data showed. One encouraging signal is that a greater number of S&P 500 stocks are heading higher, in addition to the handful of megacap growth names such as Microsoft (MSFT.O) and Nvidia (NVDA.O) that led gains this year.

Persons: you've, Emily Roland, Goldman Sachs, Willie Delwiche, we're, Delwiche, Brent Kochuba, Matt Stucky, Ken Mahoney, Lewis Krauskopf, Saqib Iqbal Ahmed, David Randall, Ira Iosebashvili, Richard Chang Organizations: YORK, National Association of Active Investment, Bank of America, Deutsche Bank, Trade, John Hancock Asset Management, Mount Research, American Association of, Investors, Northwestern Mutual Wealth Management Company, Fed, Microsoft, Nvidia, Asset Management, Thomson Locations: U.S

The U.S. Securities and Exchange Commission sued Coinbase, accusing it of illegally operating without registration with the regulator. That happened a day after the SEC filed a lawsuit against Binance and its CEO, Changpeng Zhao. Coinbase shares were down 13.4% at $50.81 after earlier hitting their lowest level since January. Also, after falling earlier, Bitcoin , the world's biggest cryptocurrency, was up 1.4%. Coinbase had disclosed in March that it received a "Wells notice" from the SEC threatening a potential lawsuit over certain products.

Persons: Coinbase, Changpeng Zhao, Matt Stucky, Shannon Stapleton, Binance's cryptocurrency, Paul Grewal, we'll, Grewal, Manya Saini, Shristi, Sinéad Carew, Paul Simao Organizations: Coinbase, U.S . Securities, Exchange Commission, SEC, Binance, Global, Northwestern Mutual Wealth Management Company, Coinbase Global Inc, Nasdaq, Times, REUTERS, Mining, Marathon, Thomson Locations: Manhattan, New York, U.S, Bengaluru

☆ Wall St stocks end lower, dollar gains after data; Fed, earnings in the wings
▼ + stars: | 2023-05-01 | by ( Sinéad Carew | ) www.reuters.com time to read: +4 min

Crude oil prices were lower as weak economic data from China and expectations of another Fed interest rate hike on Wednesday outweighed support from OPEC+ supply cuts due this month. U.S. Treasury 10-year yields added to gains throughout the session, adding to a boost from the release of economic data Monday. In Treasuries, benchmark 10-year notes were up 12.4 basis points to 3.576%, from 3.452% late on Friday. The 2-year note was last was up 7.5 basis points to yield 4.1386%, from 4.064%. Gold prices edged lower as the dollar rose after better-than-expected U.S. manufacturing data.

☆ Stock futures are flat Thursday night as Wall Street processes earnings results: Live updates
▼ + stars: | 2023-04-20 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 29, 2023. U.S. stock futures were little changed on Thursday night. S&P 500 futures were unchanged, while Nasdaq 100 futures rose 0.07%. The S&P 500 dropped 0.6%, and the tech-heavy Nasdaq Composite lost 0.8%. Earnings season continues Friday, with Procter & Gamble, Regions Financial, SLB, Freeport-McMoRan and HCA Healthcare set to report earnings before the bell.

The yield on two-year Treasury notes , which closely tracks short-term interest rate expectations, rose to 4.9%, its highest level since 2007. "You also got a tick up in the ISM prices paid, which means that prices generally are rising now for manufacturing. That's higher than where Fed policymakers in December signaled they would need to raise the policy rate. Money market traders see an about 80% chance of a 25-basis-point rate hike later this month, but the odds of a bigger 50 bps rate hike have grown recently. The main U.S. benchmarks ended February with losses as investors braced for the possibility that the Fed will hike rates more than initially thought on signs of resilience in the economy.

☆ Wall St slightly higher as investors focus on Fed minutes
▼ + stars: | 2023-02-22 | by ( Johann M Cherian | ) www.reuters.com time to read: +3 min

U.S. stocks shed more than 2% on Tuesday after a rebound in business activity in February stoked fears of interest rates staying higher for longer. New York Fed President John Williams, a voting member of the rate-setting committee this year, is scheduled to speak later in the day. Following a market rout in 2022, the three major indexes logged monthly gains in January as investors hoped the Fed would pause its rate hikes and perhaps pivot around year-end. However, stocks have had a volatile run in February, leaving the Dow flat for the year as traders priced in higher interest rates for longer, assuming that inflation remains higher in a sturdy economy. The S&P index recorded three new 52-week highs and one new lows, while the Nasdaq recorded 21 new highs and 92 new low.

☆ Wall St Week Ahead Last year's laggards lead U.S. stocks' 2023 rebound, for now
▼ + stars: | 2023-02-11 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

NEW YORK, Feb 10 (Reuters) - U.S. stocks that took a beating last year are surging in the early weeks of 2023, leading markets higher. A range of factors are driving the moves, including the attractiveness of beaten-up shares, a tailwind from falling bond yields and market participants unwinding bearish bets against stocks. “When interest rates fall, lower quality, longer duration assets do well," said Rob Almeida, global investment strategist at MFS Investment Management. That's weighed on stocks in the latest week, which saw the S&P 500 lose 1.1% after two straight weeks of gains. David Kotok, chief investment officer at Cumberland Advisors, is skeptical of the latest rally and some of the stocks leading the current run.

☆ Aggressive Fed hikes rates another 75 bp, surprising no one
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +8 min

So this is a pretty hawkish 75 basis point increase when it comes to how the text reads." What it's telling us is that the Fed is expecting to rates to continue to move higher into 2023." There's a camp that says whatever the Fed guides to has typically been the floor and not the ceiling. This communication is basically signaling that the Fed's going to continue to be aggressive and remain hawkish. Not only did the Fed hike another unusually large 75 bps today, it is basically saying it will do it again in November.

Search resuls for: "Stucky"

20 mentions found