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☆ Stock futures tick higher after Dow closes above 40,000 for the first time: Live updates
▼ + stars: | 2024-05-19 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2024 in New York City. U.S. stock futures ticked higher on Sunday night, after the Dow Jones Industrial Average closed above the key 40,000 level for the first time ever on Friday. S&P 500 futures and Nasdaq 100 futures were also marginally higher. The S&P 500 inched 0.1% higher Friday, while the Nasdaq Composite slipped by less than 0.1%. Palo Alto Networks , AutoZone , Target , Analog Devices , Intuit and Ralph Lauren will post their results in the upcoming days.

Persons: Tom Lee, Lee, Ralph Lauren Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Dow, Fundstrat Global Advisors, Microsoft, Technology, Palo Alto Networks, Devices, Intuit, Federal, Wednesday Locations: New York City . U.S, Palo

☆ Stock market today: Dow closes above 40,000 for the first time as latest inflation data fuels big weekly gains
▼ + stars: | 2024-05-17 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

A cool April CPI report buoyed hopes of Fed interest rate cuts later this year. Investors will look to see if the gains can spill over into next week, which is set to be a busy one for AI developments. AdvertisementThe Dow Jones Industrial Average closed above 40,000 for the first time on Friday, closing out a strong week of gains fueled by upbeat inflation data midweek. The S&P 500 rose about 1.5% for the week, buoyed by solid earnings results from consumer giant Walmart and an April CPI report that showed cooling inflation. That CPI report boosted investor hopes that the Federal Reserve will cut interest rates later this year.

Persons: —, Fundstrat's Tom Lee, Lee Organizations: Service, Dow Jones, Walmart, Federal Reserve, Microsoft, Nvidia, Technology Locations: Here's

☆ April's market wobble was 'an over reaction' to inflation data, says Fundstrat's Tom Lee
▼ + stars: | 2024-05-17 | 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 EmailApril's market wobble was 'an over reaction' to inflation data, says Fundstrat's Tom LeeHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Tom Lee, Brian Sullivan, “ Organizations: CNBC

☆ With S&P back at new highs, now come the price target and earnings revisions
▼ + stars: | 2024-05-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Now that the S & P 500 and most major stock market indexes are at or near historic highs, expect a raft of earnings and year-end price target revisions for the S & P 500 to be coming. First up with an upward revision was Brian Belski at BMO Capital, who Wednesday raised his year-end S & P target to 5,600 from 5,100. The median price target (half above, half below) is 5,200. Earnings for the rest of the year have been remarkably stable, but the key point is that each quarter is higher and a record for S & P 500 profits: 2024 S & P 500 quarterly earnings estimates Q2: $59.46 (record) Q3: $63.49 (record) Q4: $65.08 (record) Source: LSEG Valuations (roughly 20 times forward S & P 500 earnings) are pricey but not unreasonable given the continuing strength of the economy and the prospects of AI-boosted returns. May: market advance broadens (advance/decline line) S & P 500: near new high S & P Mid Cap: new high S & P Small Cap: highest since Dec.

Persons: Sam Stovall, CFRA, Brian Belski, Belski, Subramanian, Venu Krishna, Goldman Sachs, David Kostin, Ned Davis, Ed Clissold, Oppenheimer, John Stoltzfus, Lori Calvasina, Manish, Nicolaus, Barry Banniester, Jonathan Golub, Chris Harvey, Dubravko, Bujas, Cantor Fitzgerald, Eric Johnson, Scott Chronert, Julian Emanuel, Fundstrat, Tom Lee, Morgan Stanley, Mike Wilson, Hugo Ste, Stovall Organizations: BMO Capital, Wall, of America, Barclays, BMO, RBC, Societe Generale, UBS, Bloomberg, Citigroup, Deutsche Bank, ISI, JPMorgan, Scotiabank, @VX Locations: Wells Fargo, Marie

☆ Watch CNBC’s full interview with SoFi’s Liz Young, JPMorgans’ AJ Oden and Fundstrat’s Tom Lee
▼ + stars: | 2024-05-14 | 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 SoFi’s Liz Young, JPMorgans’ AJ Oden and Fundstrat’s Tom LeeSoFi’s Liz Young, JPMorgans’ AJ Oden and Fundstrat’s Tom Lee, join 'Closing Bell' to discuss today's PPI report and the Fed's reaction to the data and what it all means for the Fed's next moves.

Persons: SoFi’s Liz Young, JPMorgans ’ AJ Oden, Tom Lee SoFi’s Liz Young, Tom Lee Organizations: PPI

☆ Stock futures are little changed as Wall Street readies for key inflation report: Live updates
▼ + stars: | 2024-05-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures were little changed as Wall Street braced for April's consumer price index. Futures tied to the Dow Jones Industrial Average added 17 points, while S&P 500 futures and Nasdaq 100 futures hovered near the flatline. The Dow Jones Industrial Average gained 0.32%. Economists polled by Dow Jones expect the consumer price index to show a 0.4% monthly gain, or a 0.3% increase excluding food and energy. Tuesday's producer price index for April contributed to that narrative, showing a 0.5% gain in wholesale prices, above the 0.3% estimate from Dow Jones.

Persons: Nextracker, Dow Jones, Tom Lee Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Dow Jones Industrial, Investors, Federal, Dow, Fundstrat Global, Cisco Systems Locations: New York City

☆ Why you should buy stocks ahead of next week's inflation report
▼ + stars: | 2024-05-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Investors should buy stocks ahead of next week's release of the April CPI report, according to Fundstrat's Tom Lee. An in-line CPI report or better would increase the chances of three interest rate cuts this year, Lee said. AdvertisementInvestors should buy stocks ahead of next week's release of the April CPI report, according to Fundstrat's Tom Lee. Sweden's Riskbank cut interest rates for the first time since 2016 on Wednesday, and the Bank of England signaled that interest rate cuts are imminent. And next week, we expect incoming data to show overall softening of the key components of inflation," Lee said.

Persons: Tom Lee, Lee, — Organizations: Service, Federal Reserve, Bank of England

☆ Stock market today: Dow aims for 8-day win streak with next week's CPI report in focus
▼ + stars: | 2024-05-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks jumped on Friday as the Dow Jones Industrial Average vied for an 8-day win streak. The upcoming April CPI report next week is the big data point that could move markets. AdvertisementUS stocks edged higher on Friday, setting the Dow Jones Industrial Average up for a potential eight-day win streak. Next week, investors will be laser-focused on the Wednesday release of April's inflation report, with economists expecting a 0.3% rise in the consumer price index. Fundstrat's Tom Lee said a light CPI report next week could set the stock market up for more gains in May.

Persons: —, Jerome Powell, Michelle Bowman, Lorie Logan, Austan Goolsbee, Neel Kashkari, Michael Barr, Tom Lee, Lee Organizations: Dow Jones, Federal Reserve, Service, Federal Locations: Fundstrat, Here's

☆ Stock market today: Dow hits 8-day winning streak ahead of key inflation report
▼ + stars: | 2024-05-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The strong gains in May come ahead of a key CPI report, set to be released on Wednesday. AdvertisementUS stocks traded higher on Friday, securing an eight-day winning streak for the Dow Jones Industrial Average. Fed Governor Michelle Bowman said she doesn't expect any interest rate cuts this year, while Fed President Lorie Logan said its still too early to be thinking about interest rate cuts based on the latest inflation data. The report will offer insights into when the Fed might move forward with interest rate cuts. Fundstrat's Tom Lee expects a lower-than-expected inflation report, which should send dovish signals to the Fed and push stocks higher for the rest of May.

Persons: —, Michelle Bowman, Lorie Logan, Fundstrat's Tom Lee, Lee Organizations: Dow, Fed, Service, Dow Jones, Federal Locations: Here's

☆ Fundstrat's Tom Lee: Inflation is going to 'cool pretty dramatically' in the second half of 2024
▼ + stars: | 2024-05-06 | 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 EmailFundstrat's Tom Lee: Inflation is going to 'cool pretty dramatically' in the second half of 2024Tom Lee, Fundstrat Global Advisors managing partner and head of research, joins 'Squawk Box' to discuss the latest market trends, why he believes investors are too cautious and the 'fear of May' will turn into 'buy in May', inflation outlook, impact on the Fed's interest rate decision, and more.

Persons: Tom Lee Organizations: Fundstrat Global Advisors

☆ Buy stocks in May because inflation is set to plunge through the rest of 2024, Fundstrat's Tom Lee says
▼ + stars: | 2024-05-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

That's because inflation is set to fall "dramatically" through the rest of the year, Lee predicted. AdvertisementInvestors should be buying stocks this month, as inflation is bound for a steep decline for the rest of the year, according to Fundstrat's head of research Tom Lee. Real-time price declines will eventually catch up with the official inflation report. High rates risk tipping the economy into a recession and sparking market volatility, as investors, banks, and consumers grapple with a higher cost of borrowing. It is quite high, and as you know, it's putting a lot of pressure on regional banking ... the cost of money is quite high," Lee said.

Persons: Tom Lee, Lee, —, That's, it'll Organizations: Service, CNBC

☆ Tom Lee says the bar is lower for the Fed to cut and so stocks are set to do ‘quite well’
▼ + stars: | 2024-05-02 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Cracks might finally be forming in the Federal Reserve's firm hawkish stance, according to Fundstrat Global Advisors' Tom Lee. As investors expected, the Fed kept interest rates unchanged after central bank policymakers had their meeting. "That's not really an inflationary signal, so I think the bar is actually being lowered now for the Fed to cut and I think that's something many people picked up." All in all, Lee thinks there's a "good probability" that interest rates are currently at their peak. If inflation does indeed improve in the next few months and interest rates fall, he has optimistic prospects for stocks.

Persons: Tom Lee, Lee, That's, Jerome Powell, We're, Powell, there's Organizations: Fundstrat Global, Starbucks, Fed, Investors

☆ The stock market's sell-off is over and the Fed gave 5 bullish signs to investors at its latest meeting, Fundstrat's Tom Lee says
▼ + stars: | 2024-05-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The sell-off that battered stocks in April probably won't stretch into May, according to Fundstrat's Tom Lee. AdvertisementThe stock market's sell-off could be over, and five bullish signals the Fed gave at its latest policy meeting are setting the stage for gains in May, according to Fundstrat's head of research Tom Lee. Investors are now pricing in a 69% chance the Fed could rate rates once or twice by the end of the year, according to the CME FedWatch tool. Stock investors have already perked up on a brighter outlook for Fed rate cuts this year. Stocks reacted positively to the Wednesday Fed meeting.

Persons: Tom Lee, Lee, —, Powell, presser, Stocks Organizations: Service, Markets, Fed, stagflation, Investors

☆ Inflation improving will 'lift clouds' and allow markets to do well, says Fundstrat's Tom Lee
▼ + stars: | 2024-05-02 | 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 EmailInflation improving will 'lift clouds' and allow markets to do well, says Fundstrat's Tom LeeTom Lee, Fundstrat Global Advisors managing partner and head of research, joins 'Squawk on the Street' to discuss how Lee is digesting the latest earnings results, how labor factors into the inflation picture, and more.

Persons: Tom Lee Tom Lee, Lee Organizations: Fundstrat Global Advisors

☆ Fundstrat's Tom Lee discusses if the market is pricing in a Trump win
▼ + stars: | 2024-05-01 | 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 EmailFundstrat's Tom Lee discusses if the market is pricing in a Trump winHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Tom Lee, Brian Sullivan, “ Organizations: Trump, CNBC

☆ Wall Street needs a new rhyme for 'sell in May and go away'
▼ + stars: | 2024-05-01 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Wall Street needs a new rhyme for "sell in May and go away." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"Sell in May and go away" is an old Wall Street adage that highlights the fact that the stock market's worst six-month stretch of performance is historically May through October. LPL Financial's chief technical strategist Adam Turnquist highlighted that since 1950, average returns for the S&P 500 during this six-month period are actually positive, not negative, at +1.7%.

Persons: Carson Group's Ryan Detrick, —, they're, LPL, Adam Turnquist, Turnquist, Ryan Detrick, Fundstrat's Tom Lee, Lee, Detrick Organizations: Service, Carson Group

☆ Stock market's earnings backdrop upholds positive outlook, says Fundstrat's Tom Lee
▼ + stars: | 2024-04-25 | 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 EmailStock market's earnings backdrop upholds positive outlook, says Fundstrat's Tom LeeVirtus’ Joe Terranova and Fundstrat’s Tom Lee, join 'Closing Bell' to discuss whether markets have hit a landing, earnings, inflation and the Fed.

Persons: Tom Lee Virtus ’ Joe Terranova, Fundstrat’s Tom Lee

☆ Here's why Thursday's post-GDP sell-off may be overdone
▼ + stars: | 2024-04-25 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Stocks sold off Thursday aHoweverfter the latest economic data came in weaker than expected, but some observers say that the reaction was overdone. While the headline GDP number missed expectations, it nevertheless showed economic growth the Fed could take in stride, they say. He noted that the core parts of GDP, such as consumption growth and residential growth, were "quite good." "Stagflation is a combination of stagnant growth and high inflation," Nick continued. "I think the earnings backdrop has been very supportive," Lee told CNBC's " Closing Bell " on Thursday.

Persons: Stocks, Dow Jones, Chris Zaccarelli, Brian Nick, Nick, we're, Rob Ginsberg, Ginsberg, Fundstrat's Tom Lee, Lee, CNBC's, Jeff Cox Organizations: Federal Reserve, Independent, Alliance, Dow Jones, Treasury, Macro, Wolfe Research Locations: U.S

☆ Watch CNBC’s full interview with Virtus’ Joe Terranova, Fundstrat’s Tom Lee and Wedbush's Dan Ives
▼ + stars: | 2024-04-25 | 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 Virtus’ Joe Terranova, Fundstrat’s Tom Lee and Wedbush's Dan IvesVirtus’ Joe Terranova, Fundstrat’s Tom Lee and Wedbush's Dan Ives, join 'Closing Bell' to discuss whether markets have hit a landing, earnings, inflation and the Fed.

Persons: Virtus ’ Joe Terranova, Fundstrat’s Tom Lee, Wedbush's Dan Ives, Joe Terranova Organizations: Virtus ’, Wedbush's Dan Ives Virtus

☆ Tom Lee: Market is in a good position to rally 'as long as inflation tracks better than expected'
▼ + stars: | 2024-04-22 | 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 EmailTom Lee: Market is in a good position to rally 'as long as inflation tracks better than expected'Tom Lee, Fundstrat Global Advisors co-founder, joins 'Squawk Box' to discuss the latest market trends ahead of the opening bell on Monday.

Persons: Tom Lee Organizations: Fundstrat Global Advisors

☆ The stock market is primed for a short-term bounce, but correction still not over
▼ + stars: | 2024-04-22 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

The stock market is poised for a short-term bounce, but technical analysts who watch price charts warn that the correction is not yet over. The technician said he anticipates support for stocks — the point at which buyers will reemerge — between 4,700-4,800 in the S & P 500. .SPX YTD mountain S & P 500 To be sure, some observers anticipate a more durable stock market rally, rather than a mere bounce. He anticipates that the S & P 500 could find support down at 4,800 and may not find a true bottom for several weeks. But he anticipates that the selloff will take longer to play out, with a pullback bringing the S & P 500 back to 4,700.

Persons: JC O'Hara, Roth MKM, O'Hara, Tom Lee, Lee, CNBC's, Oppenheimer's Ari Wald, Wald, we've, BTIG's Jonathan Krinsky, Krinsky, Wolfe's Rob Ginsberg Organizations: Stocks, Federal Reserve

☆ Stocks can continue to outperform even if rates stay high, says Fundstrat's Tom Lee
▼ + stars: | 2024-04-18 | 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 EmailStocks can continue to outperform even if rates stay high, says Fundstrat's Tom LeeRaghuram Rajan, former governor of India's central bank and professor at University of Chicago Booth School of Business, and Tom Lee, co-founder and head of research at Fundstrat, join CNBC's 'Power Lunch' to discuss the Fed's inflation dilemma, China's economic recovery, and more.

Persons: Tom Lee Raghuram Rajan, Tom Lee Organizations: University of Chicago Booth School of Business Locations: India's

☆ This dip will be bought as there's a lot less leverage in the market, says Fundstrat's Tom Lee
▼ + stars: | 2024-04-15 | 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 EmailThis dip will be bought as there's a lot less leverage in the market, says Fundstrat's Tom LeeTom Lee, Fundstrat Global Advisors managing director, joins 'Squawk on the Street' to discuss if a 'buy the dip' call is more challenging when it involves geopolitics, if Lee's year-end price targets have changed, and more.

Persons: Tom Lee Tom Lee Organizations: Fundstrat Global Advisors

☆ Fed can't argue against three hotter-than-expected inflation reports, says Fundstrat's Tom Lee
▼ + stars: | 2024-04-12 | 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 EmailFed can't argue against three hotter-than-expected inflation reports, says Fundstrat's Tom LeeTom Lee, Fundstrat Global Advisors managing director, joins 'Closing Bell' to discuss what changed this week, if the last mile of inflation will be harder than initially thought, and more.

Persons: Tom Lee Tom Lee Organizations: Fundstrat Global Advisors

☆ Fundstrat's Tom Lee predicts the S&P 500 could end the year at 5,700, 'maybe even higher'
▼ + stars: | 2024-04-12 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Inflationary pressures may have induced the recent market selloff, but Fundstrat's Tom Lee believes that equities could still end the year higher. The firm's head of research believes that investors may be putting too much weight into the recent economic data releases showing inflation above economists' expectations. Lee believes that even if the Federal Reserve only ends up cutting rates once this year, that could still be conducive for stocks. In fact, Lee believes that the S & P 500 could end the year at 5,700 or "maybe even higher," he said. But he also likes small-cap names ahead of interest rate cuts and finds industrial stocks attractive as the ISM manufacturing report turns higher.

Persons: Tom Lee, Lee Organizations: Federal Reserve

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