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☆ Jim Cramer on Delta: There's a difference between the stock and the company
▼ + stars: | 2024-07-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer shared his assessment of Delta Air Lines stock, which reported a revenue miss on Thursday. He said investors should understand that there is a difference between Delta as a stock and Delta as a company. Delta the airline stock is only as good as the weakest competitors, because they're leading a race to the bottom, and that's killing it." Management reported robust summer travel demand, with CEO Ed Bastian saying on the earnings call that TSA travel volumes were up 7% from the year-earlier period. "If you're going to buy a stock, any stock, first see how it's done over time.

Persons: CNBC's Jim Cramer, we've, they're, Ed Bastian, Bastian, Cramer, Thursday's, bode Organizations: Delta Air Lines, LSEG, Management, TSA, Delta Locations: Delta, U.S, Atlanta

☆ See How Your Subway Service May Suffer Without Congestion Pricing
▼ + stars: | 2024-07-11 | by ( Keith Collins | ) www.nytimes.com time to read: +4 min

See How Your Subway Service May Suffer Without Congestion PricingAfter Gov. Here are some of the subway projects the authority says it has shelved:Work has been suspended on the expansion of the Second Avenue subway. Improvements have been postponed at nearly 100 subway stations, including new elevator and ramp installations, platform replacements and upgrades to public announcement systems. A map shows a dot for each of the affected subway stations across four of the five boroughs, with Staten Island out of frame. Below is a list of the subway stations where upgrades have been put on hold, based on what the M.T.A.

Persons: Kathy Hochul, Hoyt, Schermerhornt Organizations: Metropolitan Transportation Authority, Metropolitan Transportation Locations: New York, North America, Manhattan, Upper Manhattan, York, Brooklyn, Queens, New York City, Staten

☆ China's robotaxi push sparks concerns about job security for drivers
▼ + stars: | 2024-07-11 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Wuhan is the largest operational region for Baidu's Apollo Go, one of the largest robotaxi operators in China. CNBC was unable to independently verify the document, which claimed the taxi company had to stop operating four of its 159-car fleet since April due to falling income. Ride-hailing drivers on the riseA surge of new companies and ride-hailing drivers have meanwhile prompted some local governments to restrict the industry. China had more than 7 million registered ride-hailing drivers as of the end of May, according to the Ministry of Transport. In comparison, the U.S. had nearly 400,000 taxi and ride-hailing drivers, shuttle drivers and chauffeurs in 2022, according to the latest available figures from the Bureau of Labor Statistics.

Persons: Baidu, robotaxis, Goldman Sachs Organizations: Baidu, Bloomberg, Getty, BEIJING, Weibo, CNBC, Ministry of Transport, Bureau of Labor Statistics Locations: Wuhan, San Francisco, Phoenix , Arizona, Beijing, Guangzhou, robotaxis, China, Wuhan city, Guyuan, Ningxia, Guiyang, That's, U.S

☆ A Trump win brings a deregulatory agenda. Here's what it'll mean for different stock sectors, according to Goldman Sachs.
▼ + stars: | 2024-07-11 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

But a Republican win yielded a higher return at 15.3%. The S&P 500 fell 9% in 2000 as the tech bubble peaked months before George W. Bush's Republican win. This could increase the chances of a Trump win — at least, that's what the market thinks. The two graphs below from a Goldman Sachs note on July 8 indicate what prediction markets perceive as each candidate's odds of winning following the debate. On that front, consumer discretionary stocks are perceived as riskier under a Trump administration due to the threat of increased tariffs.

Persons: Morgan Stanley, George W, Barack Obama, Biden's, Goldman Sachs, Jan Hatzius, Goldman Organizations: Service, Republican, Democratic, Business, Bush's Republican, Trump, Republican Presidency, Republican House, Senate, Biden

☆ Here's the inflation breakdown for June 2024 — in one chart
▼ + stars: | 2024-07-11 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

They also generally like to examine "core" inflation readings. The monthly core CPI reading was 0.1% in June, the smallest increase in about three years, since August 2021. Shelter inflation has moderated much slower than expected, one of the big reasons inflation hasn't yet fallen back to target, economists said. There were encouraging signals in the latest CPI report: Monthly shelter inflation dropped to 0.2% after being stuck at 0.4% for four consecutive months. Services inflation is the trouble spotInflation for physical goods spiked as the U.S. economy reopened in 2021.

Persons: David Paul Morris, Mark Zandi, Zandi, Sarah House, Aubrey George, George, Joe Seydl, Olivia Cross Organizations: Bloomberg, Getty, U.S . Labor Department, Moody's, Wells, Wells Fargo Economics, U.S . Federal Reserve, CPI, Housing, of Labor Statistics, Morgan Private Bank, Capital Economics, BLS Locations: U.S, Wells Fargo, North America

☆ Opinion | The Nomination Crisis Is Far From Over
▼ + stars: | 2024-07-11 | by ( Ezra Klein | ) www.nytimes.com time to read: +2 min

What I am hearing from congressional Democrats about President Biden is this: He has done little to nothing to allay their fears. The caucus meetings House and Senate Democrats held this week were an airing of grievances and despair, but they didn’t chart a path forward. What they need is a process through which they can gather the information they need to make a final decision. There are two main camps among congressional Democrats. Representative Jerry Nadler, the top Democrat on the House Judiciary Committee, is among those who told his colleagues that Biden should step aside.

Persons: Biden, —, they’ve, “, Donald Trump, ”, Biden won’t, Jerry Nadler, ” Nadler, “ He’s, Nancy Pelosi Organizations: Democrats Locations: House

☆ 'Blowout' in French borrowing costs still to come amid economic deadlock, veteran investor says
▼ + stars: | 2024-07-10 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

watch nowFrench borrowing costs still face a "blowout" over those of Germany, as political and economic reality sets in following the country's parliamentary election, according to veteran investor David Roche. Bond yields move inversely to prices and represent the change in borrowing costs for a government — also indicating long-term investor confidence in the economy. Now, my view is that it will happen," Roche told CNBC's "Squawk Box Europe" on Tuesday. watch nowAlong with economic growth prospects, a key watch-point for investors is France's hefty budget deficit and high debt-to-GDP ratio of 110%. There are about seven major pillars, they suddenly will go absolutely nowhere, which is disastrous for Europe," Roche told CNBC.

Persons: David Roche, Jean, Claude Trichet, —, Emmanuel Macron, Roche, CNBC's, shorting, Macron, " Roche Organizations: European Central Bank, CNBC, Quantum, French National Assembly, European Commission, National Locations: Germany, France, Europe, Italy, Ukraine

☆ Cramer's Lightning Round: Dover is 'making a great move in the data center'
▼ + stars: | 2024-07-10 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Dover's year-to-date stock performance. Dover : "This is a terrific industrial company that really is making a great move in the data center...Dover is going to be a big name for me." Stock Chart Icon Stock chart icon Sasol's year-to-date stock performance. Sasol: "No, if you're going to do that you want to buy Dow, no longer Dow Chemicals, Dow Inc."Stock Chart Icon Stock chart icon Cava's year-to-date stock performance. Stock Chart Icon Stock chart icon New Fortress Energy's year-to-date stock performance.

Persons: Biden Organizations: Dover, Dow, Dow Chemicals, Dow Inc, New Fortress Energy Locations: Dover

☆ A lower-risk way to bet Morgan Stanley's upcoming earnings catapult stock to a new high
▼ + stars: | 2024-07-10 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

Let's start with a longer-term chart of Morgan Stanley (MS) , which reports on July 16. A breakout above this level would be a clear bullish signal, with earnings as the catalyst. Morgan Stanley has been investing in building out its wealth management business for years and it now accounts for more than 51% of its revenue. The trade With low implied volatility, options on Morgan Stanley are relatively inexpensive. This strategy leverages the relatively low option premiums due to the low IV Rank, aligning with our bullish technical and fundamental thesis for Morgan Stanley.

Persons: Morgan Stanley Organizations: CNBC, NBC UNIVERSAL

☆ Financial ETF nears substantial breakout, according to the charts
▼ + stars: | 2024-07-10 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

The charts indicate the ETF could be nearing a substantial breakout attempt. The ETF is comprised of five industries: financial services (33%), banks (26%) capital markets (21%), insurance (16%) and consumer finance (4%). Daily Bullish Pattern First, here's the daily chart. The SPX finally eclipsed its 2007 high in 2013; the XLF reclaimed its 2007 high in 2021, but that didn't hold. Putting it all together, a successful daily pattern breakout also would help the much bigger weekly pattern break out, which would finally create distance from the 2007 high and prompt a multi-decade breakout.

Persons: Banks, XLF, it's, that's, Frank Cappelleri Organizations: CNBC, NBC UNIVERSAL

☆ Forget AI: These 3 overlooked areas of the stock market have 'coiled spring' upside, JPMorgan says
▼ + stars: | 2024-07-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewInvestors are still overtaken by the frenzy for generative AI — but there are underappreciated areas of the market that could offer gains like "coiled springs," according to JPMorgan Asset Management. Related storiesBy the fourth quarter of 2024, JPMorgan expects earnings expansion for the other 493 S&P 500 stocks to match that of the Magnificent 7, a dynamic shown in the chart below. Earnings growth is expected to climb in the S&P 500, barring the Magnificent Seven stocks. These stocks are bound to see upside due to "unexpected resiliency" in the US economy and the rising need to transport materials.

Persons: —, Microsoft — Organizations: Service, Asset Management, Nvidia, Meta, Microsoft, Business, JPMorgan, JPMorgan Asset Management, Semiconductors

☆ Bitcoin is holding support and ready to make another run at a record, according to the charts
▼ + stars: | 2024-07-09 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

That pullback has materialized and according to our Elliott Wave analysis of the bitcoin chart, support has possibly been formed in the zone of $59k - $49k. Looking at the 3-chart overlay below you'll find bitcoin, gold, and US 10-year yields since 2020. First is that gold and Bitcoin (blue and orange) have a very close positive correlation. Pulling it all together higher rates have a negative impact on all three; bitcoin, gold, and the stock market, which are all showing a positive relationship in recent months. In summary, being very bullish on the stock market, I would like to see bitcoin and gold move higher along with lower US yields.

Persons: Bitcoin, Elliott, Todd Gordon, Gordon, IBIT Organizations: Tactical Alpha, Edge, Inside Edge, CNBC, NBC UNIVERSAL Locations: bitcoin

☆ How Emmanuel Macron blew his legacy
▼ + stars: | 2024-07-09 | by ( Joseph Ataman | ) edition.cnn.com time to read: +10 min

He’s now staring at what will certainly be his real legacy: Macron opened the door to the far right in France. After a shattering defeat in May’s European Parliament election, his decision to call a snap election has, at least partially, backfired. Emmanuel Macron delivers a speech at the Louvre Museum in Paris after winning the French presidential election in May 2017. Ukrainian President Volodymyr Zelensky, left, and France's Emmanuel Macron shake hands after a press conference on June 16, 2022 in Kyiv, Ukraine. For countless communities in France - French or immigrant - the legacy of one man’s gamble, and the uncertainty that is his legacy, will exact a far higher price.

Persons: Emmanuel Macron, He’s, Macron, Jacques Witt, France –, –, “, ”, Charly Triballeau, Volodymyr Zelensky, France's Emmanuel Macron, Alexey Furman, he’s, Trump, Putin –, outmanoeuvre Putin, Jordan Bardella, ” Macron, Pen Organizations: Paris CNN, May’s, Front, National Assembly, Macron, Louvre Museum, Getty, “, Putin, NATO, Ukraine, CNN, Ensemble, National Locations: France, Paris, Caen, Normandy, AFP, Europe, Ukraine, Kyiv, lockstep, “

☆ Cramer's Lightning Round: KKR is 'the foremost'
▼ + stars: | 2024-07-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon KKR's year-to-date stock performance. Stock Chart Icon Stock chart icon Ferguson's year-to-date stock performance. Stock Chart Icon Stock chart icon Petroleo Brasileiro's year-to-date stock performance. Stock Chart Icon Stock chart icon Alliance Resource Partners' year-to-date stock performance. Stock Chart Icon Stock chart icon Alibaba's year-to-date stock performance.

Persons: Ferguson, Petroleo, It's, I've, I'm Organizations: KKR, Petroleo, Partners, Resource Partners

☆ Charts suggest an August Dow rally no matter who's leading the election polls, Cramer says
▼ + stars: | 2024-07-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday said the charts suggest that the Dow Jones Industrial Average will see gains later this summer because the index usually rallies in August during election years, no matter which candidate is leading in the polls. "The charts, as interpreted by Larry Williams, suggest that the Dow almost always rallies in August — what a takeaway — of any given election year ... regardless of who's ahead," he said, noting that August is usually a poor month for the market. "That's exactly the kind of pattern that you can make some money with." He also stressed that both candidates have different convictions when it comes to economic policy, and those differences will affect significant parts of the market. To explain Williams' analysis, Cramer examined a chart of the Dow's performance this year with its average performance during every election year since 1968.

Persons: CNBC's Jim Cramer, Monday, Larry Williams, Dow, Cramer, Joe Biden, Donald Trump, Williams Organizations: Dow Jones Locations: —

☆ French stocks ETF looks poised to resume uptrend following election, according to the charts
▼ + stars: | 2024-07-08 | by ( Katie Stockton | ) www.cnbc.com time to read: +3 min

Despite the pullback, a primary uptrend remains in place for the CAC 40, in addition to the related iShares MSCI France ETF (EWQ) . Both proxies for French stocks appear to be finding their footing, which suggests that the market is welcoming the latest news regarding the election. Once the final outcome is determined, it would be natural for investors to respond favorably to the removal of uncertainty, particularly given the oversold status of French stocks. This suggests a counter-trend phase of outperformance is possible for French stocks versus U.S. stocks. Recent stabilization in many French stocks shows a positive reaction to widespread intermediate-term oversold conditions, which we gauge using the weekly stochastic oscillator.

Persons: LVMH Moet Hennessy Louis Vuitton, Katie Stockton Organizations: CAC, CNBC, NBC UNIVERSAL Locations: France, EWQ

☆ I got tested for the BRCA gene mutation while I was pregnant. With my family history, I knew I wanted a double mastectomy regardless of the results.
▼ + stars: | 2024-07-08 | by ( Gila Pfeffer | ) www.businessinsider.com time to read: +9 min

Named for the first two letters of "breast" and "cancer," a positive result would place my odds of developing breast cancer at 87%. For me, an adult, it was a wake-up call to get ahead of breast cancer. We also had a family history of breast cancer in common, but her mother, who'd been diagnosed in her 20s, had caught it early and survived. And most important of all, on a scale of one to infinity, how relieved did she feel now that breast cancer was no longer a threat? I asked for the BRCA test, and my doctor agreedDuring my next prenatal checkup, I asked my doctor to arrange a BRCA test.

Persons: —, I'd, Stephanie, Angelina Jolie, who'd, Bikur Cholim, she'd, Gila Pfeffer Organizations: Service, Business, Genome, The New York Times Locations: The

☆ Chart of the Day: Corning
▼ + stars: | 2024-07-08 | 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 EmailChart of the Day: CorningJosh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to talk about Corning as it tops the S&P today.

Persons: Corning Josh Brown Organizations: Ritholtz Wealth Management Locations: Corning

☆ A software consultant who trades stocks gained 805% in 2023 betting on observable chart patterns. He shares the signal he uses to find reversals.
▼ + stars: | 2024-07-06 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Read previewGoverdhan Gajjala is a day trader who is also a software consultant working from home. The flexibility of his day-to-day schedule opened a doorway to pick up stock trading as a side gig. Too many unknowns, including sudden news headlines, could pop up along the way and impact a stock's price. For him, this meant turning to day trading, where stocks are only held between seconds to hours but not overnight. He joined the course's private access program, a paid educational platform for trading stocks, and spent a year learning the content.

Persons: —, it's, Gajjala, Mark Minervini, Norman Zadeh Organizations: Service, Business, US, PSQ

☆ YouTuber helps researchers solve the mystery of a 2,000-year-old 'computer'
▼ + stars: | 2024-07-05 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

Known as the Antikythera mechanism, the bronze device is a mechanical computer with interlocking gears. A shipwreck full of ancient treasuresThe Antikythera mechanism is broken and eroded, making it difficult to know exactly how it worked. Associated Press/Petros GiannakourisThe Antikythera mechanism is just one intriguing finding from a 2,000-year-old shipwreck that divers first discovered in 1900. But the Antikythera mechanism is perhaps the most unique discovery of them all. AdvertisementWoan's colleague Joseph Bayley followed up the research by modifying techniques used to study gravitational waves, which are ripples in space-time.

Persons: —, Graham Woan, Chris Budiselic, Budisic's, Woan, Petros Giannakouris, Derek John de Solla Price, Budiselic, Joseph Bayley, Bayley Organizations: Service, Business, University of Glasgow, Associated Press, Oceanographic, Woan's Locations: Antikythera

☆ Japan's stock markets keep testing new highs. Is the rally sustainable?
▼ + stars: | 2024-07-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

This week, the Nikkei and the broad-based Topix surpassed previous records to hit fresh all-time closing highs on Thursday. Earnings are the single driver to the current market rally, Jesper Koll, expert director at Tokyo-based financial services company Monex Group, told CNBC. watch nowJapan's largest union, commonly referred to as Rengo, announced that Japanese companies have delivered the largest wage hikes in 33 this year. Koll told CNBC this week: "I stand by my forecast — the Nikkei 225 is poised to climb to 55,000 before the end of next year." A note by Nomura, published Thursday, said the gains on the Nikkei and Topix do not look appear sustainable.

Persons: Richard A, Brooks, Jesper Koll, Koll, —, Rengo, Nomura Organizations: Tokyo Stock Exchange, Afp, Getty, Nikkei, Monex, CNBC, Japan's Locations: Nihonbashi, Tokyo, Japan

☆ Biden and Trump are vying for the veteran vote in the 2024 race. Here's how their policies on veteran affairs stack up.
▼ + stars: | 2024-07-05 | by ( Thomas Novelly | Rebecca Kheel | ) www.businessinsider.com time to read: +10 min

Biden shepherded through the PACT Act , which has been described as the biggest expansion of veterans benefits in a generation. "Someone who may have had a rare cancer that was benefited by the PACT Act, that's the most important thing to them. President Joe Biden delivers a speech about the PACT Act at the Westwood Park YMCA in Nashua, New Hampshire. After Jackson's bid ended, Robert Wilkie, who had been working at the Pentagon, was nominated and confirmed as VA secretary. Denis McDonough, who was Obama's chief of staff, has served as VA secretary since the beginning of the Biden administration.

Persons: —, Joe Biden, Donald Trump, Biden, Trump, Patrick Murray, Military.com, John Tully, Joe Parsetich, Barack Obama, Cheriss, VFW's Murray, Donald J, Veterans Affairs David Shulkin, Michael Reynolds, Trump's, David Shulkin, Obama, Shulkin, Ronny Jackson, Jackson, Jackson's, Robert Wilkie, Veterans Affairs Denis McDonough, Chip Somodevilla, Denis McDonough, Donald Remy, Tanya Bradsher, McDonough Organizations: Service, Business, Department of Veterans Affairs, Biden shepherded, Veterans, Foreign, PACT, American, Westwood, Getty, Disabled American Veterans, White, Biden, US, Veterans Affairs, Wimbledon, Shulkin, White House, Pentagon, Trump, Cross Locations: France, Nashua , New Hampshire, Rose, Trump's, Europe, Texas

☆ A buying opportunity in a consumer stock with a long-term bullish trend, according to the charts
▼ + stars: | 2024-07-05 | by ( David Keller | ) www.cnbc.com time to read: +4 min

I'm always on the lookout for stocks with ideal technical set-ups, and my favorite one is a chart with a long-term uptrend and short-term pullback. I actually call this setup a "fat pitch" chart. So when a chart is in a primary uptrend, and then has a decent pullback to make a higher low, this fat pitch chart can often provide a fantastic "buy on the dips" opportunity. We can also see that the RSI is currently just above the 40 level, which tells us that the price momentum remains fairly bullish despite the recent price pullback. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: I'm, CROX, that's, trendline Organizations: Crocs, Inc, CNBC, NBC UNIVERSAL

☆ Here's where the jobs are for June — in one chart
▼ + stars: | 2024-07-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Health care and social assistance added 82,400 jobs, while government increased by 70,000 positions. The breakdown of the June jobs report suggests that growth has become increasingly uneven as the labor market shows signs of softening. Health care and social assistance have been a key component of the labor market recovery since the pandemic. Meanwhile, education accounted for 17,200 of the jobs added in the government sector. Both state and local governments added jobs outside of education, as well.

Persons: nonfarm payrolls, Jeffrey Roach, payrolls, Roach Organizations: Labor Department, LPL

☆ Mt. Everest may be the tallest mountain to climb, but it's not the most difficult. Factors like technique and commercialization contribute, according to 3 professional mountaineers.
▼ + stars: | 2024-07-05 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +6 min

Everest is the world's tallest peak, that doesn't mean it's the most difficult to climb, according to three professional mountaineers. Jenn DrummondDon't let the name fool you — when it comes to difficulty, there's nothing secondary about the Seven Second Summits. Unlike the seven highest summits, some of the Seven Second Summits involve skiing and rock climbing in addition to hiking. AdvertisementOut of all the Seven Second summits, Mt. Climbing Mt.

Persons: —, Jenn Drummond, Drummond, there's, Jake Meyer, Garrett Madison, it's, crevasses —, Alan Arnette, Arnette, Jason Maehl, Madison Organizations: Service, Mountaineers, Business, Everest Locations: Everest, Kilimanjaro, . Logan, Nepal, Kathmandu, Logan, Tyree, Mt . Logan, Mt, Lhotse, Nuptse

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