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Top related persons:
Robin Farley - 1 Vistra - 1 Angie Storozynski - 1 Humana - 1 Stephens - 1 Paul Lejuez - 1 WMT - 1 – - 1
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China U.S Macau Iraq Ukraine Israel Iran Russia
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People's Bank of China - 1 CSI - 1 Wynn Resorts - 1 CNBC Pro - 1 UBS - 1 China - 1 Seaport Research Partners - 1 Humana - 1

Search resuls for: "Kavitha Shastry"


3 mentions found


☆ China play Las Vegas Sands is one of the most overbought names on Wall Street. Here are the others
  + stars: | 2024-10-04 | by ( Lisa Kailai Han | Kavitha Shastry | ) www.cnbc.com   time to read: +3 min
China stocks have been on an upward tear since then, with the mainland's CSI 300 index rallying over 25% to rise nine days in a row. Shares of Wynn Resorts and Las Vegas Sands have respectively gained nearly 8% and more than 2% this week. Stocks with a 14-day relative strength index reading, or RSI, above 70 are considered to be overbought. The stock has an RSI reading of 82. Fellow China play Wynn Resorts also has a high RSI reading of 86.
Persons: Robin Farley, Vistra, Angie Storozynski, Humana, Stephens, Paul Lejuez, WMT Organizations: People's Bank of China, CSI, Wynn Resorts, CNBC Pro, UBS, China, Seaport Research Partners, Humana, Dollar, Citi, Walmart, omni Locations: China, U.S, Macau
☆ The best geopolitical hedges from gold to oil and even stocks
  + stars: | 2024-10-04 | by ( Sean Conlon | Kavitha Shastry | ) www.cnbc.com   time to read: +2 min
For those looking to hedge against geopolitical risk, stocks are actually a pretty good way to do so, along with oil and gold. Bank of America looked at the best performers in the three and six months after major geopolitical events, including the Iraq War and Russia's invasion of Ukraine . The investment bank found that oil has historically been the best performer in the three months following major geopolitical events, generating a median return of 8.3%. On the other hand, gold is the best geopolitical hedge in the six months after such episodes. "[B]ad geopolitical events have not been bearish for risk assets in recent years, arguably the opposite," analyst Michael Hartnett wrote in a Thursday note.
Persons: –, They've, Michael Hartnett, Hartnett Organizations: Bank of America Locations: Iraq, Ukraine, Israel, Iran, Russia, China, Taiwan
☆ Interpreting the jobs data: No more half-point rate cuts
  + stars: | 2024-10-04 | by ( Fred Imbert | Kavitha Shastry | ) www.cnbc.com   time to read: +2 min
The U.S. economy added a whopping 254,000 jobs in September, nearly 100,000 more than economists expected. The unemployment rate, which was expected to hold steady at 4.2%, slipped to 4.1%. Wages also rose more than expected month over month. To be sure, the new data also has traders pricing a smaller quarter percentage point interest rate reduction at the central bank's November meeting. "Fed cuts should be slower and I continue to think (and the data supports it) that the current neutral rate is well above 3% (economy chugging along on 5% yields for over a year)," said Tchir.
Persons: Sonu Varghese, Glen Smith, Lindsay Rosner, Ian Lyngen, Peter Tchir Organizations: Stock, Dow Jones Industrial, Nasdaq, Federal, Carson Group, GDS Wealth, Goldman Sachs Asset Management, BMO Capital Markets, Academy Securities Locations: U.S
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