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RBC gives its top stock picks for the fourth quarter
  + stars: | 2024-10-04 | by ( Sean Conlon | ) www.cnbc.com   time to read: +4 min
The fourth quarter is just getting started, and RBC Capital Markets sees some stocks slated for growth in the months ahead. Looking ahead, RBC unveiled a list of its top 30 high-conviction global stock ideas that it thinks are poised to outperform in the long term. As a result, RBC has an outperform rating on the name, with a price target of $48. "As proof-points to the success of this strategy emerge, we believe the stock could begin to re-rate higher," the analyst said. Software name CrowdStrike and British oil giant Shell were also picked for the fourth quarter's list.
Persons: Brad Erickson, Daniel Perlin, Perlin, Ferrari, Tom Narayan Organizations: RBC Capital Markets, Dow Jones, RBC, Sarepta Therapeutics, Amazon, P Global, PayPal, Reuters Locations: Italy
This latest bull run has been strong, even by historical standards. The broad market index has also reached a record above 5,700 — with some on the Street expecting it to top 6,000 before year-end. The bull market will be two later this month. .SPX mountain 2022-09-30 SPX since Q4 2022 The first: "The disinflation that has defined the cyclical bull needs to remain in place," said Clissold. The second element needed for the bull run to carry on is a successful soft landing.
Persons: Ned Davis, Ed Clissold, Clissold Organizations: Ned Davis Research, Fed, JPMorgan
The two-year-old bull market in stocks could last for another year, NDR strategists said. Median gains in the third year of a bull market are about 13%, the firm said in its analysis. AdvertisementThe latest bull market in stocks may still have a long life ahead of it, according to Ned Davis Research. In one instance, the bull market ended after the Fed reversed its rate cut decision, spooking investors. The S&P 500 has gained 60% since the index entered bull market territory in October 2022.
Persons: That's, , Ned Davis Organizations: Service, Ned Davis Research, NDR Locations: Europe
Much of the office market may be mired in a downturn, but demand has been strong for high-end space. New office construction has dropped off sharply, leading to a potential upcoming shortage. That demand has persisted even as office construction has been stifled by higher interest rates and inflation, which have pushed up costs. Worries over the health of the office market have also made lenders reluctant to finance new development. 8 million square feet of that is pre-leased, meaning that there is only about 10 million square feet of upcoming available top quality space.
Persons: , Hilary Goldfarb, Goldfarb, Crowell, there's, Scott Rechler, Rechler, Vanderbilt, Philippe Visser, CBRE, Visser, Larry Silverstein, Norman Foster, Silverstein, Randolph St, Ross, Stephen Ross, Jordan Rathlev, Rathlev, Jessica Morin, Morin, Banks, RXR, I'm, you'd Organizations: Service, Rockefeller Development, Fifth St, RXR, Skidmore, Owings, Merrill, TF Cornerstone, Grand Central, Citadel, Yards, Companies, Oxford Properties, Hudson, Hudson Yards, KKR, Meta, World Trade Center, American Express, Trade, Related's, Central Locations: Washington ,, Washington, DC, New York, San Francisco, midtown Manhattan, Manhattan, Wells Fargo, BlackRock, Lower Manhattan, Chicago, Fulton, West Palm Beach , Florida, CBRE
Here are JPMorgan's top stock picks heading into October
  + stars: | 2024-10-02 | by ( Sean Conlon | ) www.cnbc.com   time to read: +4 min
For October, the additions include Best Buy and Carmax , while Wayfair , CarGurus and First Citizens BancShares are among those removed. The bank cited positive existing home sales, and an expansion in AI adoption, believing Best Buy will see continued growth in average selling prices . Analyst Christopher Horvers says Best Buy will increase its profitability over time, noting an uptick in operating margins to 5% from last year's 4.1%. He has an overweight rating on the stock, and his price target of $111 implies more than 9% upside from Tuesday's close. The bank's price target for Schwab implied about 22% upside and for Ulta Beauty about 18% potential appreciation, based on Tuesday's close.
Persons: JPMorgan's, Christopher Horvers, BBY, Eli Lilly, Lilly, Charles Schwab, Schwab Organizations: JPMorgan, Nasdaq, Dow Jones, Wall, AT, TPG Locations: Israel, Richland , Minnesota, Dallas, DirectTV, Lilly, Ireland
People walk on a pedestrian bridge displaying the Shanghai and Shenzhen stock indexes on January 02, 2024 in Shanghai, China. Exchange-traded funds overseas that track Chinese stocks continued their stimulus-triggered rally Wednesday even as mainland markets were shut for a week-long holiday. Mainland Chinese markets, including Shanghai and Shenzhen stock exchanges, will remain closed until Oct. 8. "I am bullish on Chinese equities; this time is different," Scott Rubner, tactical specialist at Goldman Sachs, said in a note. "I have never seen this much daily demand for Chinese equities: I do not even think we have gone back to benchmark index weights yet."
Persons: Scott Rubner, Goldman Sachs, David Tepper, JD.com Organizations: Exchange, Hong Kong Stock Exchange, Management, CNBC Locations: Shanghai, Shenzhen, China, Mainland, Beijing
Tesla — Shares declined about 4% after the electric vehicle company fell short of third-quarter delivery estimates . Chinese stocks — Chinese stocks continued to rally on the back of sweeping stimulus measures in the country. Lamb Weston Holdings — Shares of the french fry giant rose more than 2% after its fiscal first quarter topped estimates. Analysts surveyed by LSEG expected 72 cents per share in earnings and $1.56 billion in revenue. The company posted revenue of $2.79 billion, versus a FactSet estimate of $2.84 billion.
Persons: Humana, That's, JD.com, Davidson, Lamb, Lamb Weston, LSEG, CNBC's Lisa Han, Yun Li, Jesse Pound, Michelle Fox, Sean Conlon Organizations: Nike, Exchange, KraneShares CSI China Internet, Baird, Lamb Weston Holdings —, Barclays, Endeavor Energy Resources, Conagra
China's aggressive stimulus measures have sparked a significant stock market rally. Still, traders, investors, and speculators have sent China's stock market to its best month in nearly a decade, signaling that the market players think that Beijing's moves are a "bazooka." The People's Bank of China's stock market stimulus was unusual. An active stock market and improved investor confidence will improve expectations for economic development," the media outlet wrote. Mainland China's stock markets will also be closed from Tuesday to Monday.
Persons: , Vishnu, Pan Gongsheng, Pan, Criss Wang, Data.TS, Varathan Organizations: Service, CSI, People's Bank, China Securities Journal, Chinese Communist Party, Hong Kong Stock Exchange Locations: China, Asia, Japan
The housing market is in the midst of its biggest slowdown since the pandemic, according to Redfin. Homes stayed on the market for the longest in West Palm Beach, Florida, with listings taking a median 79 days before being sold. That was followed by Fort Lauderdale, Florida, and Jacksonville, Florida, where homes stayed on the market for a median 75 and 65 days respectively. Seattle was the hottest housing market in the nation last month, with homes staying on the market for a median of 12 days, per Redfin's report. "Anyone who has been paying attention to the housing market over the past few years knows that desirable homes sell right away," Fairweather said.
Persons: It's, Darryl Fairweather, Redfin's, " Fairweather, Redfin Organizations: Business, . Homes, Federal Reserve, Buyers Locations: Towns, Florida, Texas, Palm Beach , Florida, Fort Lauderdale , Florida, Jacksonville , Florida, Seattle, Indianapolis , Indiana, Warren , Michigan
CNN —Rafael Nadal has been named in Spain’s Davis Cup team for the Final Eight matches in November, organizers announced Monday. Matthew Stockman/Getty Images Europe/Getty Images 2007 — In 2007, the then 20-year-old Nadal's status as the 'King of Clay' was sealed. At that year's French Open, Nadal opted for the reverse of 2006's top-bandana combo -- this time with matching trainers to boot. Julian Finney/Getty Images Europe/Getty Images 2009 — Nadal's first dramatic transformation came in 2009. Matthew Stockman/Getty Images Europe/Getty Images 2010 — In 2010, Nadal bounced back from the 2009 disappointment with a daring multicolored number.
Persons: CNN — Rafael Nadal, Carlos Alcaraz, Roberto Bautista Agut, Pablo Carreño Busta, Marcel Granollers, Nadal, , Novak Djokovic, Alcaraz, , Rafael Nadal, Roland Garros, CHRISTOPHE SIMON, — Nadal, Roger Federer, Michael Steele, Matthew Stockman, Clay, Federer, Mike Hewitt, Bjorn Borg's, Julian Finney, Nadal's, Robin Soderling, Soderling, Swede, THOMAS COEX, Borg, David Ferrer, Nadal grinded, Djokovic, Pete Sampras, Clive Brunskill, Dan Istitene, Dennis Grombkowski, Benoit Paire, Rafael Nadal's Roland Garros, , ” Nadal, Alexander Zverev, I’ve Organizations: CNN, Spain’s Davis, Olympics, Wimbledon, Davis, AFP, Getty, Federer, Djokovic, Nadal, US, Davis Cup Locations: Spain’s, AFP, Europe, Hamburg, Spain, Netherlands
CNN —Colorado beat the Baylor Bears 38-31 in a thriller on Saturday after a 43-yard Hail Mary touchdown in the final seconds of regular time from the Buffaloes forced overtime. But a 58-yard touchdown pass from Sanders to Omarion Miller before halftime cut the Bears’ lead and Colorado leveled in the third quarter. Baylor regained their seven-point lead again midway through the fourth quarter after a 24-yard touchdown pass from quarterback Hal Presley. With 2:16 remaining, Sanders helped orchestrate a magical drive which culminated in the game going to overtime following the Hail Mary touchdown to Wester. Colorado's Wester catches the Hail Mary touchdown pass to tie the game with Baylor.
Persons: Mary, Shedeur Sanders –, NFL Hall of Famer Deion ‘, ’ Sanders –, LaJohntay Wester, Micah Welch, Baylor, Colorado’s Travis Hunter, Dominic Richardson, “ Shedeur, ” Hunter, , , , David Zalubowski, Sanders, , “ Young, I’m, Omarion Miller, Hal Presley, Colorado's Wester, Christopher Hanewinckel, Reuters “, ” Sanders, Travis, Hunter, LaJohntay, “ They’re, Hunter meanwhile Organizations: CNN, Colorado, Baylor Bears, Buffaloes, Baylor, Folsom, The Buffaloes, Bears, NFL Hall of Famer, , USA, Sports, Reuters Locations: Colorado, Colorado –, Boulder , Colorado, Wester
Overall, NFL teams are currently averaging 21.4 points per game, the fifth straight year the scoring average has decreased, and the lowest points per game total since 2006. Last season, Miami Dolphins quarterback Tua Tagovailoa led the NFL with 4,624 yards, the lowest total for a passing yards leader since 2017. There are several theories as to why the passing game has been muted and scoring numbers have decreased. But it’s not only that teams are playing more Cover 2, the problem may also be that modern NFL teams are worse at attacking what is not a novel concept. Obviously, there is far from any consensus on why exactly NFL offenses have slowed down.
Persons: Aaron Rodgers, Rodgers, Tua Tagovailoa, Nate Tice —, , ESPN’s Bill Barnwell, ESPN’s Mina Kimes, it’s, Jared Dubin Organizations: New York Jets, Jets, New England Patriots, Green Bay Packers, NFL, Miami Dolphins, Yahoo, CBS, Patriots
A glorious farewell to the 2024 OlympicsIt’s time to say au revoir to the 2024 Summer Olympics in Paris. Mark J. Terrill / APTeam USA eked out close wins in the men's and women's basketball finals, taking gold in the final weekend of the games. The men's team, which included all-stars LeBron James and Kevin Durant, brought home the fifth straight Olympic title for the Americans. Sunday's win by the women's team was its eighth straight Olympic gold. Other Olympic highlights:Trump campaign says it was hackedFormer President Donald Trump’s campaign has said it was hacked by an Iranian group.
Persons: H.E.R, Tom Cruise, Chili Peppers, Billie Eilish, Snoop Dogg, Dr, Dre, Team USA Stephen Curry, Mark J, Terrill, Steph Curry's, LeBron James, Kevin Durant, Sunday's, A'ja Wilson, Jordan Chiles, Naomi Baker, Cecile Landi, Romanian Ana Bărbosu, Macron, Emmanuel Macron, Léon Marchand, Pascal Le Segretain, , , Trump, Donald Trump’s, Steven Cheung, Trump’s, ” Cheung, Kamala Harris, Harris, Willie Brown, Omar Al, Uvalde shooter’s, Armando Ramos, Salvador Ramos, Leila, Gen Alpha, Zers, Alpha Organizations: Phoenix, Team USA, USA, WNBA, U.S, Getty, International Olympic, Paris Olympics, NBC News, Politico, Microsoft, Islamic Revolutionary Guard Corps, Trump Organization, San Francisco, Trump, Trump . White, Israel Defense Forces, Hamas, Robb Elementary School, NBC Locations: Paris, Los Angeles, Venice, U.S, France, China, Romanian, Iranian, , Montana, Trump, Gaza City, AFP, Israel, Gaza, , Texas
PARIS — Steph Curry's late-game heroics and a lightning-fast American transition attack denied France its storybook basketball ending Saturday night. The United States consistently cashed in French turnovers and misses into fastbreak points and Curry scored a team-high 24 points in a 98-87 American win in the men’s basketball gold medal game. Curry gave the Bercy Arena fans his "night, night" taunt after the final, dagger jumper. The four-time NBA champ Curry said the gold medal is something he'll always cherish. He's now among nine players who can boast of having a NBA championship ring, regular season MVP honor, finals MVP award and an Olympic gold medal.
Persons: PARIS, Steph Curry's, Curry, Kevin Durant, Devin Booker, LeBron James, he'll, “ I’ve, Olympian Curry, didn't, , , James, Durant, Michael Jordan, Larry Bird, Magic Johnson, Kobe Bryant, Hakeem Olajuwon, Shaquille O’Neal, Nicole Jokic’s, Jokic Organizations: United, Bercy Arena, NBC, America, Golden State Warriors, NBA, Team USA, Serbia Locations: France, United States, U.S, He's, Kobe, Germany, Serbia
Paris CNN —The USA men’s basketball team on Saturday won its fifth straight Olympic gold medal, defeating a spirited French team 98-87. With four massive, dagger threes in the final minutes, the greatest three-point shooter in NBA history capped off his first ever Olympics with a vintage performance that had the French team reeling. Even in the final minutes as Curry put their team away, the French fans reacted with a mixture of shock, awe, frustration and heartbreak. Team USA would not trail again. With their typical stifling defense, the French team got within three points of the US.
Persons: Stephen Curry’s, Curry, Devin Booker –, Guerschon Yabusele, LeBron James, James, Kevin Durant, Victor Wembanyama, Wembanyama, Vincent Collet, it’s Organizations: Paris CNN, Saturday, Paris ’ Bercy, NBA, French, Golden State Warriors, Team USA, USA Locations: France, Canada, Germany, French
The 🇺🇸 #USABMNT wins a 5th consecutive Olympic gold medal! pic.twitter.com/nYx0SBh0Ui — USA Basketball (@usabasketball) August 10, 2024Kevin Durant, already the U.S. all-time leading scorer, is now the only men’s player ever to win four Olympic golds in basketball. Devin Booker, now a two-time gold medalist, scored 13 of his 15 points for the U.S. in the first half. Anthony Davis, also a two-time Olympic gold winner, added eight points and nine rebounds. Team USA listens to the National Anthem after receiving their gold medals.
Persons: James Brown’s, America ”, S., bea, rui, Kerr, Tatum, fini, James was a, avis to en, l, Ker, Greg Organizations: PARIS, Bercy, NBA, France, United States, USA, eni Locations: America, U.S, Los Angeles, Paris, USA
This is where a young Leon Marchand first swam. Coloma believes Marchand has been the star of the Olympic Games (Tom Burrows/The Athletic)“Everyone is talking about Leon here. Marchand started out at the small indoor winter pool, before graduating to the Olympic pool at the complex — which also has a huge 150m long summer pool. Knowing that someone like Leon Marchand swam here and became what he is today… it’s very inspiring. “Leon Marchand is the best possible flagship for the city that you can dream of — with Dupont as well.
Persons: , , Michel Coloma, Coloma, Alfred, Leon Marchand, Marchand, Leon, He’s, it’s, , Tom Burrows, didn’t, ‘ It’s, Xavier, Marcel Wouda, Celine Bonnet, Christophe, marchons ’, ‘ Marchand, , Kristof Milak, ‘ Ole ’, ” Marchand, Vatsyayana, Nakache, Oscar, ” Xavier, Celine, ” Marchand didn’t, that’s, ” Coloma, ” Nicolas Castel, Remi Lacourt, ” Castel, Michael Phelps ’, Castel, Bob Bowman, Michael Phelps, Bowman, Frenchman, Thomas Sammut, Marchand’s, ” Bowman, Le Monde, Valentine Chapuis, he’s, there’s, Fabien Barthez, Christophe Roussel, towelling, ” Sandra, , Laura Georgelin, Alex, Antoine Dupont, Jean, Claude Dardelet, “ Leon Marchand, Dupont, Dan Goldfarb Organizations: Olympic, Toulouse Olympique Employes, Olympic Games, Stade de France, Getty, Alfred, AFP, , Arizona State University, Toulouse, France, Athletic Locations: Toulouse —, Paris, Toulouse, it’s, Coloma, Paris ’, Leon, Barcelona, Seoul, Tokyo, AFP, U.S, Arizona, France, “ Toulouse
Despite being in France for the Paris Games for more than a week, Dwyane Wade has spent only one night in the City of Light. And I’m having a good time when I’m on air.”Wade has called the first two group games for the U.S. men’s basketball team, which is looking for its fifth straight gold medal. “This team is so deep, in six games we’re not going to get an opportunity to see how dope this team really is,” Wade says. “But I know basketball. In 2008, Wade was two summers removed from winning NBA Finals MVP but he still came off the bench that summer.
Persons: Dwyane Wade, they’ll, ” Wade, , I’m, Wade, we’re, LeBron James, Kevin Durant, Steve Kerr, Jayson Tatum didn’t, Joel Embiid, aren’t, ’ ” Wade, LeBron, Chris Paul, Kobe Bryant, , hasn’t, Shai, Gilgeous, Alexander, It’s, Noah Eagle, Eagle, “ I’ve Organizations: Paris Games, of Famer, Olympic, NBC, NBC News, U.S, NBA, Serbia, USA, TNT Locations: France, City of, Lille, Paris, Beijing, South Sudan, Sudan, Canada
Stanley Black & Decker on Tuesday morning delivered solid quarterly results — enhanced by strong cash flow performance, allowing management to raise its full-year guidance. Stanley Black & Decker Why we own it: Stanley Black & Decker is in the later innings of a multi-year restructuring plan. Stanley Black & Decker, which also makes fastening and assembly systems, jumped 7.5% on Tuesday's release following last week's 9.7% gain. Full-year organic sales in Tools & Outdoor are projected to be down about 1% at the midpoint, with year-over-year margin improvement. To honor the occasion, Donald Allan, Jr., President & CEO of Stanley Black & Decker, joined by Chris Taylor, NYSE Global Head of Advisory, rings the Opening Bell®.
Persons: Stanley Black, Decker, we're, Don Allen, DeWalt, Pat Hallinan, , Jim Cramer's, Jim Cramer, Jim, Donald Allan , Jr, Chris Taylor Organizations: Revenue, Bosch, Techtronic Industries, Federal Reserve, Management, Stanley, Aerospace, CNBC, The New York Stock Exchange, NYSE Global Locations: Europe, France, Italy, Latin America
Later, the U.S. men’s basketball team, led by LeBron James, plays Serbia and Nikola Jokić in a matchup of top NBA talent. (Russia — the defending champion in both the men’s and women’s team all-around — is banned from participating in team sports at the Paris Olympics.) The women’s team final is set for 12:15 p.m. One more thing: Durant — a three-time Olympic gold medalist — might finally play after a calf injury sidelined him through the team’s summer exhibitions. The U.S. women’s team wraps up group play with Australia on Wednesday.
Persons: Simone Biles, LeBron James, Nikola Jokić, Biles, Peacock, Sunisa Lee, Jade Carey, Jordan Chiles, Hezly Rivera, you’ve, James, Stephen Curry, Kevin Durant, Jokić, Bogdan Bogdanović, Durant —, , Trinity Rodman, Valery Hache, Hayes, Michael Phelps ’, Léon Marchand, Michael Phelps, ” Marchand, Phelps ’, Frenchman, — Gretchen Walsh, Qin Haiyang, Adam Peaty, United States ’ Nic Fink, Gretchen Walsh, Caroline Marks, Carissa Moore, John John Florence, hird, aris G ames, adal, aris O lympics Organizations: NBA, NBC, Tokyo, Paris Games, Paris, Olympics, Olympic, U.S ., Bercy Arena, Atlanta Hawks, Serbia, South Sudan, Trinity, Getty, Telemundo, Peacock, U.S, United, Tokyo Games, Australia, Paris La Défense, aris, aris O, aker Locations: France, U.S, Serbia, Germany, Tahiti, Paris, United States, Russia, , China, Italy, AFP, Zambia, Australia, Spain, Brazil, Japan, Nigeria, Hawaii, Caroline Marks
Paris CNN —As competition gets well and truly underway in Paris, all eyes will turn shortly to one of the Olympic Games’ signature sports: Gymnastics. Biles comes to Paris aiming to wash away the disappointment of that Games, and has been on an absolute tear heading into Paris. She returns in Paris looking to match the feat of Czechoslovak gymnast Vera Caslavska in 1964 and 1968. While Biles and Lee are competing against each other in Paris, the two will also be teammates in the team competition that gets underway on Tuesday. Daiki Hashimoto is also aiming to equal his countryman Kohei Uchimura’s accomplishments in London and Rio de Janeiro by winning his second straight all-around gold medal.
Persons: Simone Biles, , USA’s, , Biles, She’ll, Suni Lee, Lee, Vera Caslavska, Japan’s, Daiki Hashimoto, Kohei Uchimura’s, Varfolomeev Organizations: Paris CNN —, Olympic, Bercy, Team USA, US, Russian Olympic, Paris Games, Rio de Janeiro, Japan, NBC, USA, Globo •, CBC, , ARD, ZDF, Fuji, NHK, Nippon, SKY, SuperSport • United, BBC, Discovery Eurosport Locations: Paris, Tokyo, American, Russia, Russian, Japan, London, Rio de, China, Rio, German, City of Light, Brazil, Globo • Canada, France, • Germany, New Zealand, Africa, SuperSport • United Kingdom, Europe
Tasjan regrets not standing up for him at the time, fearing he would be ostracized by association. “It just feels very instinctual to me, to just fall in love with people.”Aaron Lee Tasjan in 2018 in San Francisco, California. Tim Mosenfelder/Getty ImagesAs an artist and an advocate, Tasjan has his work cut out for him. He lives in Nashville Tennessee, a state that in recent years has passed numerous pieces of anti-LGBTQ legislation with more proposed. His LGBTQ-advocacy work in Tennessee, along with his music, is part of that.
Persons: CNN — Long, Aaron Lee Tasjan, Lady Gaga, Jack White, ” Tasjan, CNN’s Randi Kaye, Rufus Wainwright, , Tasjan, , ” Aaron Lee Tasjan, Tim Mosenfelder, , Bob Dylan, Childish Gambino, Chappell Roan Organizations: CNN, Midwest, Human Rights Locations: Albany Ohio, San Francisco , California, Nashville Tennessee, Tennessee
Investors are flocking to small-cap stocks right now, driving this segment of the market to new highs this week. He also noted that the Russell 2000 is outperforming the S & P 500 by the widest margin since November 2021. But according to him, one group of small-cap stocks could do well if rates were to stay higher for longer: regional banks. However, Turnquist cautioned that small-cap growth stocks would find the outlook tougher than small-cap value stocks, as they are more sensitive to economic health. How to play small-caps Investors who have been making a play for small-caps include billionaire Stanley Druckenmiller , who revealed a big bullish position in small-cap stocks last quarter.
Persons: Russell, Adam Turnquist, Turnquist, we've, There's, Trump, Kelvin Wong, Donald Trump, Wong, Stanley Druckenmiller, FactSet, David Dietze, Dietze, Jay Hatfield, Kilroy, Jefferies, Hatfield, , Yun Li Organizations: CNBC, LPL, U.S . Federal, Federal Reserve, Citi, Wealth Management, CNBC Pro, Corp, Jefferies Locations: U.S, America
Asia-Pacific markets traded mixed on Wednesday with Australia's S&P/ASX 200 reaching an all-time high, while an increase in business optimism among large Japanese manufacturers lifted Japanese stocks. Japan's Nikkei 225 declined 0.43% to close at 41,097.69, while the Topix rose 0.37% to end at 2,915.21. The Taiwan Weighted Index fell 0.77% after a report cited U.S. Republican presidential candidate Donald Trump saying that Taiwan should pay the U.S. for defense. I think, Taiwan should pay us for defense," Trump said in interview with Bloomberg Businessweek in June that was published on Tuesday. On a month-on-month basis, Singapore's non-oil domestic unexpectedly dropped 0.4%, compared with a expectations of a 4.1% growth.
Persons: Australia's, Donald Trump, Trump, Cho Jung, TSMC, Georges Elhedery, Elhedery, Noel Quinn Organizations: Reuters, U.S ., Nikkei, Northern Star Resources, Bellevue, Mining, Newmont Corporation, CSI, Republican, Bloomberg Businessweek, Taiwan, HSBC Holdings, Hong Locations: Asia, Pacific, Gold, Taiwan, Hong Kong
The small-cap benchmark Russell 2000 jumped 2% on Tuesday, heading for its fifth straight winning day. Small-cap companies are especially sensitive to rate policy, as their financing costs rise when interest rates are high. Falling rates could be a boon for these names, said Kostin, Goldman's chief equity strategist, on CNBC's " Squawk on the Street ." In that period, the Russell 2000 Index has added more than 11%, compared with the S & P 500 's 4% advance. In 2024, the S & P 500 has surged more than 18%, while the Russell 2000 has added 10%.
Persons: Goldman Sachs, David Kostin, Jerome Powell, Russell Organizations: Russell, Federal
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