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☆ The Dow soars more than 560 points as markets bet the Fed is done with rate hikes
▼ + stars: | 2023-11-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

New York CNN —US stocks soared higher again on Thursday as investors bet that the Federal Reserve’s current round of economically painful rate hikes might be over. Both the S&P 500 and Dow are on track to notch their largest weekly gains this year and the Dow closed its best day since June. Tech stocks pulled markets higher Thursday, with shares of Tesla up nearly 6.3% and shares of Nvidia up about 2.8%. While all 11 sectors of the S&P 500 were trading higher on Thursday, there were some notable outliers. Shares of Airbnb were down 3.3% after the company beat on third-quarter revenue earnings but lowered its forward guidance.

Persons: Jerome Powell, ”, Louis Navellier Organizations: New, New York CNN, Federal, Dow, Nasdaq, Treasury, Navellier, Associates, Labor, Labor Department, Apple, Tech, Nvidia, Meta, Facebook Locations: New York

ST. LOUIS (AP) — St. Louis County Prosecuting Attorney Wesley Bell announced Monday he will drop his bid to unseat Republican U.S. Sen. Josh Hawley in 2024, and will instead make a run at a fellow Democrat — U.S. Rep. Cori Bush. Bell, 48, will oppose Bush in the 2024 Democratic primary for Missouri's 1st Congressional District seat that covers St. Louis and part of St. Louis County. Two years earlier, Bell pulled an equally surprising upset when he unseated Bob McCulloch as St. Louis County prosecutor. On Oct. 11, McCaskill posted on X, formerly known as Twitter, a St. Louis Post-Dispatch story headlined, “St. A St. Louis County grand jury declined to indict Wilson, who later resigned.

Persons: — St, Wesley Bell, Sen, Josh Hawley, —, Cori Bush, Bell, Bush, Louis, ” Bell, Michael Brown, William Lacy Clay, Bob McCulloch, Hawley —, I’ve, wasn't, Steve Roberts, Democratic U.S . Sen, Claire McCaskill, McCaskill, Louis ’ Cori Bush, ”, ” McCaskill, Lucas Kunce, Hawley, Ferguson, Darren Wilson, Brown, Critics, McCulloch, Wilson, St Organizations: LOUIS, —, Republican U.S, — U.S . Rep, Democratic, Missouri's, Congressional District, Democrat, Democratic U.S ., Twitter, Louis Post, Dispatch, Democratic Senate, Marine, Ferguson City Council, U.S . Department of Justice, Republican Locations: Louis, St, Louis County, Israel, Ferguson , Missouri, Missouri, Washington, “ St, Ferguson

☆ Premarket stocks: Big Tech earnings can make or break this market
▼ + stars: | 2023-10-25 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —In an unstable economic climate marked by geopolitical unrest, concerns about the Federal Reserve and soaring Treasury yields, investors are closely watching this week’s Big Tech earnings for clues about where the volatile stock market may head next. That means investors are watching their earnings particularly closely for prognostications about where the market is headed next. Big tech controls the market: Excluding Big Tech, the average earnings for S&P 500 companies would drop by 5% this quarter, according to Bloomberg Intelligence data. “Big Tech valuations pose risks for the broader markets, as Big Tech has contributed to almost all of the stock market’s year-to-date gains,” said David Bahnsen, chief investment officer of the Bahnsen Group. “This lack of market breadth suggests that investors are still highly prone to chasing momentum and getting overly excited about different market themes and stories, such as artificial intelligence.”It also suggests that there’s not a lot of room for any Big Tech earnings missteps.

Persons: —, ”, David Bahnsen, there’s, Louis Navellier, Matt Egan, ” Brian Nelson, Samantha Murphy Kelly Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Big Tech, Microsoft, Google, Nvidia, Apple, Bloomberg Intelligence, Bahnsen, Navellier, Associates, Treasury Department, Gulf Cooperation, United, United Arab Emirates, Saudi, GCC, Treasury, Hamas, United Arab, Mac, IDC Locations: New York, States, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain, United Arab, Israel, US, Riyadh, United States, Sudan, Algeria, Turkey, United Arab Emirates, Treasury’s

☆ Fact Check-Inaccurate WEF Founder Klaus Schwab family tree shared online
▼ + stars: | 2023-09-01 | by ( Reuters Fact Check | ) www.reuters.com time to read: +4 min

A photo that claims to depict the family tree of World Economic Forum (WEF) Founder Klaus Schwab includes multiple inaccuracies. Posts online are taking it as evidence he is related to the Rothschild banking dynasty on his mother’s side. The same image of the family tree appeared online as early as July 2021 in a conspiracy thread on Reddit (here). KLAUS SCHWAB PARENTSThe family tree notes an accurate birth year for Klaus Schwab, but the names of his parents are incorrect. The photo shared on social media includes multiple inaccuracies to falsely link Klaus Schwab to the Rothschild banking dynasty.

Persons: Klaus Schwab, Rothschild, Mayer Amschel Rothschild, Schwab, KLAUS SCHWAB, Eugen Wilhelm Schwab, Erika Epprecht, Yann Zopf, “, ”, FRED, MARIANNE SCHWAB, Marianne Schwab, Marianne Rothschild, Marianne, Klaus, nee Rothschild, Louis, Melanie Rothschild, Fred Schwab, Leslie, Madeleine, Fred, Marianne’s, LOUIS ROTHSCHILD, Marianne Schwab’s, Louis Rothschild, Louis Nathaniel von Rothschild, Countess Hildegard Johanna Caroline Marie Auersperg, Louis Nathaniel’s, Salomon Albert Anselm von Rothschild, Bettina Caroline de Rothschild, Moritz, Emma Rothschild, Spokespeople, Read Organizations: Economic, Facebook, Zekelman Holocaust, Jewish, Rothschild, Getty, Reuters Locations: Ravensburg, Germany, Frankfurt, England, United States

☆ Hurricanes could drive gas prices, and inflation, higher
▼ + stars: | 2023-08-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

That’s potentially bad news for gas prices. What’s happening: Gas prices are already at $3.82 a gallon. Geopolitical tensions have been supporting high oil and gas prices for some time. In 2005, for example, gas prices surged by 46% between Memorial Day and Labor Day because of the landfall of Hurricane Katrina, according to Bespoke. “Energy prices have been a major contributor to persistently high inflation in the US, so the crude oil price will remain a watch-out factor for future inflation.”High oil and gas prices are one of the largest contributing factors to inflation.

Persons: “ Idalia, ”, Louis Navellier, Andrew Woods, OpenAI, Catherine Thorbecke, Estee Lauder, CNN’s Gregory Wallace Organizations: CNN Business, Bell, New York CNN, Labor, Nasdaq Advisory Services Energy Team, Navellier, Investment, Citigroup, Day, Federal Reserve, “, Exxon Mobil, BP, Chevron, Fortune, CNN, The New York Times, Reuters, Disney, Bloomberg, The Washington Post, ABC News, ESPN, American Airlines, Airlines, Department of Transportation, Fort Worth Locations: New York, Florida, China, Russia, Saudi Arabia, Ukraine, The, Texas, Dallas, American

☆ Nvidia set the market alight last quarter. Can it repeat the trick?
▼ + stars: | 2023-08-23 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —Artificial intelligence darling Nvidia’s upcoming earnings report could be a boost or a drag on a market already mired in the summer doldrums. Nvidia reached a $1 trillion market cap in May, becoming the ninth company to achieve that milestone. Tech stocks rose on Monday, indicating optimism among investors about Nvidia’s earnings. The tech-heavy Nasdaq Composite index on Monday gained 1.6%, marking its biggest one-day jump this month and stalling the recent sell-off in tech stocks. Tech stocks faltered somewhat on Tuesday, as weak retail earnings and elevated Treasury yields put pressure on stocks.

Persons: Jensen Huang, Phillip Toews, that’s, …, ”, Louis Navellier, Dan Ives, Jerome Powell, Anna Bahney, Read, Clare Duffy, —, X Organizations: CNN Business, Bell, CNN, Nvidia, Toews Asset Management, US Federal Reserve, Apple, Meta, Microsoft, Tesla, Navellier, Associates, Tech, Nasdaq, Wedbush Securities, Federal, Kansas City, Dow Jones, National Association of Realtors, NAR, Homeowners, Twitter Locations: Jackson Hole , Wyoming, Northeast, Midwest, West

☆ Americans are shopping less. But the US economic engine is still humming
▼ + stars: | 2023-08-23 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

That’s important, because Americans’ spending on goods and services accounts for two-thirds of US gross domestic product. Historically, sluggish retail sales, credit card delinquency and even shoplifting have been signs of a dark cloud on the horizon. The question of credit card debt is another area where the nuance matters. And as a share of total credit card debt, it is relatively low. But Americans’ credit card debt is unquestionably rising.

Persons: CNN Business ’, New York CNN —, Macy’s, they’ve, Taylor Swift, Barbie, ”, Ubers, Covid, Taylor, Sarah Yenesel, Chris Rupkey, Leticia Miranda, That’s, TJ Maxx, Louis Navellier, they’re, Brett Ryan, —, Alicia Wallace, you’ll Organizations: CNN Business, New York CNN, Dick’s Sporting Goods, Nike, FwdBonds, Atlanta Federal Reserve, “, “ Retailers, Deutsche Bank, Walmart, Amazon, Federal Reserve, Bank of America Locations: New York

We'll show you how to watch Joshua vs. Helenius live streams in the US, UK, Canada, and elsewhere. How to watch Joshua vs. Helenius live stream from anywhereDAZN will show Joshua vs. Helenius in most regions. How to watch Joshua vs. Helenius with a VPNSign up for a VPN if you don't have one. Joshua vs. Helenius and all the undercard bouts will commence on schedule at the O2 Arena. Joshua vs. Helenius fight scheduleHere are all the fights happening before the main event.

Persons: Anthony Joshua, Dillian Whyte, Robert Helenius, Joshua, We'd, It's, ExpressVPN, Whyte, VADA, Filip Hrgovic, Demsey McKean, Johnny Fisher, Harry Armstrong, Derek Chisora, Gerald Washington, Campbell Hatton, Tom Ansell, George Liddard, Brandon Scott, Louis Norman, Maiseyrose Courtney, Gemma Ruegg Organizations: O2, Voluntary, Doping, Joshua Locations: Canada, London, Italy, Spain, Germany, Austria, Switzerland, Brazil, Japan

☆ Extreme heat helps boost some stocks and knocks down others
▼ + stars: | 2023-07-19 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —As Americans desperately seek to cool off, some stocks are rising with the temperature. Shares of companies whose products help cool homes have gained as record temperatures hit the United States. That comes as Americans stock up on air conditioners, fans and other products to help battle the sweltering heat. Natural gas stocks have also benefited from the surge in temperature as Americans crank up their air conditioners. Cheniere Energy has added 3.2% in the last month, Devon Energy gained 4.6% and Coterra Energy rose 4.6%.

Persons: Louis Navellier Organizations: New, New York CNN, Carrier Global, Whirlpool, Air, Scout, Amazon, Molson Coors, Constellation Brands, Cheniere Energy, Devon Energy, Coterra Energy, Navellier, Associates, Airlines, United Airlines, JetBlue Airways Locations: New York, United States, America

☆ The Nasdaq-100 index is getting a makeover. Here's how
▼ + stars: | 2023-07-14 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —The Nasdaq-100 index is getting a fresh look. What happened: The index comprises 100 of the largest non-financial companies listed on the Nasdaq. Seven companies listed in the Nasdaq-100 accounted for roughly 51% of the index as of June 3, according to a note by Louis Navellier, chairman of Navellier & Associates. The Nasdaq is looking to fix that problem – without changing any of the stocks in the index. Nasdaq won’t remove or add any stocks to the index during this rebalance, according to the release.

Persons: Louis Navellier, Apple, Donald Calcagni, ”, What’s, Cameron Lilja, Bob Iger, Ron DeSantis, Tucker Carlson, ” Iger, Read, Hanna Ziady Organizations: CNN Business, Bell, CNN, Nasdaq, Navellier, Associates, Microsoft, Nvidia, Tesla, Apple, Mercer Advisors, Stocks, Florida Gov, Disney, Fox News, CNBC, McKinsey Global Institute Locations: Europe, Florida

☆ Here's why the upcoming OPEC meeting will be a 'pivotal' moment as tensions simmer between Russia and Saudi Arabia over global oil supply
▼ + stars: | 2023-06-02 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

The meeting comes as Russia continues to pump cheap crude oil into the global market. Tensions have risen as cheap Russian oil drives crude below a key break-even level for Saudi Arabia. "The OPEC+ meeting on June 4 should be pivotal," investor Louis Nevallier wrote in a note on Friday. Nevallier said that he expects a "very assertive" Saudi Arabia to show up to the meeting. The report said the country's budget needs international oil prices to stay above $81 a barrel.

Persons: —, Louis Nevallier, ussia, Nevallier, there's, Brent Organizations: Service, Reuters Locations: Russia, Saudi Arabia, OPEC, Saudi, India, Riyadh, Ukraine

In midsized metros Metros with 250,000 to one million residents. An Emerging Divide Mobility has risen for college-educated workers, even as it has fallen for workers without a degree. College-educated workers leaving the most expensive parts of the country are also not spreading out equally everywhere — or even going to parts of the country that are struggling. Net migration among college graduates Loss Gain Among the 12 most expensive metros, net college migration has generally declined or turned negative. “Consumer cities,” as she puts it, are increasingly replacing “producer cities” as the places where college graduates want to live.

☆ Wall Street’s still worried despite Friday’s fakeout
▼ + stars: | 2023-05-07 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

In other words, Wall Street still has concerns about the banking sector’s health, the Federal Reserve’s interest rate trajectory and the possibility of recession. Key inflation reports aheadThe April Consumer Price Index and Producer Price Index are on deck for next week. The Fed on Wednesday raised interest rates by a quarter point and opened the door to a pause later this year. Wednesday: April Consumer Price Index and earnings report from Disney (DIS). Thursday: April Producer Price Index, mortgage rates and jobless claims.

☆ Big Tech earnings are on deck this week. Why that matters
▼ + stars: | 2023-04-23 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —With Microsoft, Alphabet, Amazon and Meta Platforms all slated to report earnings this coming week, investors are turning their attention away from bank earnings to Big Tech. Another major theme for tech earnings is the race toward artificial intelligence. Earnings reports from Meta Platforms (META), Boeing (BA) and ServiceNow (NOW). Earnings reports from Amazon (AMZN), MasterCard (MA), T-Mobile (TMUS), Keurig Dr Pepper (KDP) and Capital One (COF). Earnings reports from Exxon Mobil (XOM), Chevron (CVX), Colgate-Palmolive (CL) and New York Community Bancorp (NYCB).

☆ The 'real leader' in the S&P 500 isn't Apple or Microsoft — it's this stock, analyst says
▼ + stars: | 2023-04-20 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Tech stocks also make up much of the S & P 500, with the information technology sector forming 25.6% of the index, according to FactSet. "The leaders this year are definitely Apple and Microsoft ," Louis Navellier, chairman at Navellier & Associates, told CNBC's " Street Signs Asia " on Wednesday. "They are now the highest weightings ever in the S & P 500." "It dominates graphics chips, it dominates AI chips," he said, adding that Nvidia makes the "best" self-driving systems. Other stock picks Apart from Nvidia, Navellier had three other stock picks with high expected earnings growth.

☆ NHL roundup: Bruins top Blues, reach historic 60-win mark
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +6 min

[1/5] Apr 2, 2023; St. Louis, Missouri, USA; Boston Bruins center Trent Frederic (11) takes the face-off against St. Louis Blues right wing Kasperi Kapanen (42) during the first period at Enterprise Center. St. Louis (35-35-7, 77 points) was eliminated from playoff contention with the result. The Blues received two goals from Jordan Kyrou, the second of which made it a 3-3 game with 25 seconds remaining in regulation. Brayden Schenn assisted on all three St. Louis goals. St. Louis native Trent Frederic collected two assists and Linus Ullmark recorded 35 saves.

☆ Stock futures are little changed after major averages suffer biggest weekly losses of the year: Live updates
▼ + stars: | 2023-02-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on February 01, 2023 in New York City. U.S. equity futures were little changed Sunday evening after the major averages posted their biggest weekly losses of the year and ahead of another big week in retail earnings. S&P 500 futures eased 0.01% and Nasdaq 100 futures dipped slightly below the flat lineThe major averages Friday ended the day lower and posted their biggest weekly declines for 2023. The S&P 500 lost 2.7% and the Nasdaq Composite fell 3.3% for the week. Target, Costco, Lowe's and Macy's are some of the big names set to report earnings this week.

☆ Petroleum shipping stocks are 'very, very hot' right now, says investment management firm
▼ + stars: | 2023-02-17 | 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 EmailPetroleum shipping stocks are 'very, very hot' right now, says investment management firmLouis Navellier of Navellier & Associates explains why it likes Ardmore Shipping and food producer names like Cal-Maine Foods and Lamb Weston.

☆ Tesla or Ford? Analysts name their favorite stock as the EV race heats up
▼ + stars: | 2023-02-06 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Ford's EV sales – currently at 3.6% of its monthly total sales – have been a major focus of Wall Street. Amid talk of an EV pricing war , who will win: Tesla, or Ford? Ford Bank of America in a Jan. 30 note called both Ford and Tesla's decision to cut prices "odd." Tesla Most analysts seem to be more optimistic on Tesla at present. For Tesla, analysts have an average price target upside of 1.8%, and 65% have a buy rating on the stock.

☆ Alphabet or Microsoft? Analysts predict which stock will come out on top
▼ + stars: | 2023-01-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Analysts say the platform could be a threat to Google's bread-and-butter search business . Alphabet and Microsoft compete in the cloud business. Neither stock did well in the past year, with Microsoft dropping more than 20%, and Alphabet tumbling over 30%. According to FactSet, analysts covering the stock gave it 21% upside on average, while 91% gave it a "buy" rating. According to FactSet, analysts covering Alphabet gave it 35% upside on average, while 92% gave it a buy rating.

☆ Energy will be the big winner of 2023, investor says — and names the stocks to cash in
▼ + stars: | 2023-01-06 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

Energy stocks had a bumper year in 2022 — it was the best-performing sector by a long mile and is expected to remain a big winner this year, according to investment veteran Louis Navellier. "I am expecting energy stocks to lead in 2023, since they have the strongest forecasted sales and earnings," Navellier, who is chairman and founder of growth investing firm Navellier & Associates, told CNBC Wednesday. Navellier's optimism comes amid a slow start for the energy sector. As such, it's now time for "seasonal demand to start pushing up crude oil prices," Navellier told CNBC's "Street Signs Asia." He expects energy stocks to eventually comprise approximately 30% of the S & P 500 , up from the current 6%.

☆ Tesla or Rivian? The pros predict what 2023 will look like for the two stocks
▼ + stars: | 2022-12-29 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

It's been a tumultuous year for electric vehicle stocks, and two investor favorites, Tesla and Rivian , have been no exception. More recently, in early December, he told CNBC Pro that his price target for Tesla is $304. For now, we view this as short-term noise and, over the medium to long term, see Tesla's stock tied to Tesla's earnings." Evercore gave Rivian a price target of $35 for 2023, or 97% upside — lower than its 220% for Tesla. "The fact that Ford decided to sell Rivian stock rather than partner with Rivian is a long-term problem," he added.

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☆ Stock futures rise slightly after major averages extend losses to start the week
▼ + stars: | 2022-12-19 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Stock futures were slightly higher on Monday night. Futures tied to the Dow Jones Industrial Average gained 44 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures edged higher by 0.1% and 0.2%, respectively. Last week, the central bank raised its benchmark interest rate by 50 basis points and policymakers indicated the terminal rate could rise as high as 5.1%. A handful of big companies will report their quarterly results this week ahead of the Christmas holiday.

☆ Is it time to return to tech stocks? Here's what Citi, BlackRock and other pros are saying
▼ + stars: | 2022-11-17 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

It's been a brutal year for tech, as markets flee growth stocks in the face of rising interest rates and other headwinds. With inflation figures rising less than expected , however, Big Tech stocks rallied last week on investor hopes that a peak is in sight. BlackRock BlackRock said that 2023 "could well be the year to upend almost three years of growth and tech stocks moving in virtual unison." Because of economic headwinds this year, BlackRock said, relative valuations may now appear more attractive than in recent years, with growth and tech stocks currently undervalued. Others Louis Navellier, chief investment officer at asset manager Navellier & Associates, told CNBC Pro in early November there will be "persistent selling pressure" in tech, since many Big Tech stocks are faltering.

☆ The Fed's last interest rate hike will be in December as it faces political pressure due to a weakening economy
▼ + stars: | 2022-11-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The Federal Reserve's last interest rate hike will be in December, according to investment strategist Louis Navellier. Navellier believes a weakening economy will spark tremendous political pressure on the Fed. Investors weighed new language in the FOMC statement against Powell's hawkish speech on Wednesday. Navellier said investors should focus more on the FOMC statement than comments from Powell during his press conference. "I want you to know that the FOMC statement is much more important than the Fed Chairman's doublespeak," Navellier said on Thursday.

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