DIRS.INFO The most relevant business & tech news

☆ Morningstar strategist names 3 under-the-radar picks for the current ‘stock picker market’
▼ + stars: | 2024-02-20 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

He said it's "always a stock picker's market," but that this is even more pertinent this year. Morningstar gives the company a five-star rating, and according to Sekera it has a healthy dividend yield and is trading at a 34% discount to Morningstar's fair value. Of the 23 analysts covering the stock, 11 give it a buy or overweight rating, while 12 have hold ratings. The average price target on the stock is $39.40, according to FactSet data, giving it potential upside of 13.2%. On GSK, Sekera noted that the London Stock Exchange-listed company is trading at a 27% discount.

Persons: David Sekera, Morningstar, Sekera, Kraft Heinz, it's Organizations: U.S . Federal, CNBC Pro, Kraft Heinz, Kraft, GSK, London Stock Exchange, Reuters Locations: United States

☆ Beyond Tesla: Morningstar strategist names 2 under-the-radar stocks to play the EV revolution
▼ + stars: | 2024-02-14 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

The electric vehicle industry is seeing cutthroat competition between investor favorite Tesla and several Chinese automakers like BYD . "While Tesla grabs all the headlines, we don't necessarily think that it's going to be the electric vehicle manufacturers that do the best. Morningstar gives stocks a rating of between one and five stars, with a top rating indicating that the shares are undervalued. We think lithium prices are probably bottoming out here," he told CNBC Pro on Feb. 2. Shares of the U.S. lithium company have had a bumpy ride over the past days.

Persons: Tesla, David Sekera, Volkswagen —, Sekera, it's, Albemarle Organizations: Morningstar, Ford Motor, Volkswagen, CNBC Pro, International Energy Agency, Reuters Locations: BorgWarner, Albemarle, U.S

☆ As the Year of the Dragon begins, the pros name sectors — and stocks — to play the Chinese market
▼ + stars: | 2024-02-13 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +6 min

Chinese stocks had an eventful week last week — with the benchmark Shanghai Composite Index hitting a five-year low of about 2,650 points on Feb. 5, before edging up to end the week at 2,865.90. A slide in Hong Kong-listed Chinese shares on Feb. 9, however, proved that investors may still have lingering concerns on the prospects of Chinese stocks in the new year. As the festive season gets underway, Redmond Wong, market strategist at investment firm Saxo, sees several opportunities to play the market. Boom in green transformation Beyond the traditional sectors, Saxo's Wong is watching an up-and-coming area in China: energy security and a green transformation. Data from the International Energy Agency shows that the Asian giant's clean-energy sectors contributed 11.4 trillion Chinese yuan ($1.6 trillion) to the Chinese economy in 2023, up 30% year-on-year.

Persons: Redmond Wong, Saxo, I'm, Wong, Saxo's Wong, Morningstar, Zijin Organizations: CNBC Pro, Monetary Fund, Technology, Shenzhen, Baidu, Sands, Tsingtao, Morningstar, Tsingtao Brewery, International Energy Agency, Companies, Zijin Mining Locations: Shanghai, Hong Kong, China, Zhejiang, Sands China, Macao, Shandong

☆ Beyond the 'Magnificent 7': Morningstar's top strategist names other stocks to own
▼ + stars: | 2024-02-09 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

"The Magnificent Seven stocks generally are starting to run out of steam at this point because their valuations are getting pretty full at this point of time," Morningstar's Chief Markets Strategist David Sekera told CNBC Pro on Feb. 2. However, Sekera thinks things are looking up for small-caps and value stocks — the latter of which he says are trading at an 11% discount relative to Morningstar's fair value and look like a "good area for investors to overweight in U.S. stocks right now." Tech stocks The chief strategist remains bullish on tech, albeit outside of the Magnificent Seven, and named Cognizant Technology Solutions and Snowflake as picks to play the theme. Value in energy The energy sector — one of the laggards of the stock market last year — is also on Sekera's radar. Morningstar gives stocks a rating of between one and five stars, with a top rating indicating that the shares are undervalued.

Persons: David Sekera, Morningstar, Sekera, Russell, —, We're, doesn't, NiSource, Entergy Organizations: Big Tech, Apple, Meta, Microsoft, Nvidia, Tesla, CNBC Pro, Dow, Nasdaq, Tech, Technology Solutions, APA Corp, Morningstar, Exxon, APA, Entergy, WEC Energy Locations: Suriname, United States

☆ CNBC Daily Open: U.S. CEOs feeling better about the economy
▼ + stars: | 2024-02-09 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Milestone crossedThe benchmark S&P 500 hit the 5,000 level for the first time on Thursday, but closed just under the milestone. Japan's zombie problemsDespite strong performance since the beginning of 2023, Japan's stock market faces several issues over zombie firms. [Pro] Bypassing the Magnificent 7Morningstar's chief markets strategist David Sekera highlighted that the Magnificent Seven stocks "are starting to run out of steam."

Persons: Dow, Sissie Hsiao, Bard, David Sekera Organizations: CNBC, Nasdaq, Google, Bard, Gemini, Bank of Japan

☆ CNBC Daily Open: U.S. CEOs turn positive on the economy
▼ + stars: | 2024-02-09 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

US President Joe Biden speaks about the economy and the deal between the United Auto Workers (UAW) Union and the big-three automakers, in Belvidere, Illinois, on November 9, 2023. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nikkei fresh highsJapan's Nikkei hit new highs on Friday, while most markets in the region were either fully or partially closed for Lunar New Year holidays. Biden pushes backU.S. President Joe Biden in a White House address said his "memory is fine," and disputed a special counsel's claims that he willfully retained classified material at his Delaware home.

Persons: Joe Biden, Dow, Sissie Hsiao, Bard, Biden, Donald Trump, David Sekera Organizations: United Auto Workers, UAW, Union, CNBC, Nikkei, Nasdaq, Google, Bard, Gemini, Bank of Japan, Nevada Republican, NBC Locations: Belvidere , Illinois, Delaware

☆ Nobody's quitting their job anymore. That's a bad sign for workers.
▼ + stars: | 2024-02-04 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

That could be a sign that workers feel less confident about the state of the labor market. AdvertisementFriday's blowout jobs report confirmed the labor market is still holding firm, but one often-ignored statistic could signal a looming slowdown. "The second straight 2.2% quits rate — just below the pre-Covid level — is more important, because it clearly signals slower wage gains." "All that air is coming out of the labor market, even though hiring remains strong." "The job market is steadily returning to its pre-pandemic self," Morningstar's Preston Caldwell said in a research note.

Persons: —, José Torres, Ian Shepherdson, Philipp Carlsson, Szlezak, Optimists, Morningstar's Preston Caldwell Organizations: Service, of Labor Statistics, Macroeconomics, Bureau of Labor Statistics, Boston Consulting Group, Business, eBay, Los Angeles Times

☆ A Morningstar chief strategist details which parts of the stock market are still undervalued as indexes hit new records — plus 7 stocks with upside that fit the bill
▼ + stars: | 2024-01-25 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

Right now, they are the most attractive part of the market, trading at a 25% discount, he noted. "Initially, small caps were hit the hardest during the early stages of the pandemic," Sekara said. "I think a lot of people just worried if those companies would actually survive the pandemic or not, just because as small-cap stocks, they didn't have the same financial wherewithal as large-cap stocks." AdvertisementWhy small caps now? AdvertisementBelow are seven stocks from Morningstar's list of small-cap value stocks with five-star ratings.

Persons: —, it's, Dave Sekara, Sekara, Morningstar Organizations: Service, Business, Google, Apple, Microsoft, Nvidia, Morningstar

☆ How BlackRock’s Rick Rieder generates outperformance and attractive yield for his Flexible Income ETF
▼ + stars: | 2024-01-24 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

In a sea of income-generating exchange-traded funds, BlackRock 's actively managed Flexible Income ETF (BINC) seeks to stand out with a multisector approach that balances high quality and high yield. "The way we built this portfolio is marrying high yield, investment-grade credit, agency mortgages and securitized [products]," Rieder said in an interview. Rieder said he's investing more in European high yield these days because of the strong U.S. dollar. "That is really attractive — and European high yield is cheaper than U.S.," he said. In U.S. high yield, single-B-rated debt is the most attractive, the investor said.

Persons: Rick Rieder, Rieder, BINC, it's, they're, We're, Indonesia — Organizations: BlackRock, SEC, Morningstar, Federal, Agency Locations: U.S, European, Mexico, Brazil, Indonesia

☆ Why we like health-care stocks in 2024 despite their spotty record in presidential election years
▼ + stars: | 2024-01-18 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +11 min

The S & P 500 Health Care Sector index has outperformed the broader S & P 500 in just three of the past eight presidential election years dating back to 1992, according to FactSet data. So far in 2024, health care has been the best-performing sector in the S & P 500, climbing roughly 2%. .GSPHC .SPX YTD mountain Health care sector vs. S & P 500 YTD It's way too early for any grand predictions with Election Day 2024 about 10 months away. Nevertheless, we see attractive fundamentals in the year ahead for a host of health-care stocks, giving us the confidence to own Lilly, GE Healthcare and Danaher despite what history says about the group in presidential election years. After a strong 2022 for health care in a terrible overall market, investors last year placed a lower emphasis on the defensive characteristics of health care.

Persons: —, that's, Eli Lilly, Lilly, Jim Cramer, Jim, Sen, Bernie Sanders of, Joe Biden, Sanders, would've, Damien Conover, Conover, Biden, Eli Lilly's, Morningstar, Amgen, Morningstar's Conover, Lilly's donanemab, Humana, Bausch, Jim Cramer's, Frederick Florin Organizations: Health, GE Healthcare, Abbott Laboratories, Amgen, Novartis, Walgreens Boots Alliance, JPMorgan Healthcare Conference, Democratic, Morningstar, CNBC, Horizon Therapeutics, Novo Nordisk, Federal Reserve, General Electric, Medicare, Humana, UnitedHealth Group, Investors, AFP, Getty Locations: San Francisco, U.S, Bernie Sanders of Vermont, Canadian, Fegersheim, France

☆ Investors poured cash into these fixed income ETFs in 2023
▼ + stars: | 2024-01-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

The Federal Reserve's monetary policy set the tone for the fixed income world in 2023 – right down to which exchange traded funds investors picked to take advantage of higher interest rates. Bond yields have an inverse relationship to their prices, so that when prices decline, yields rise and vice versa. The Vanguard Long-Term Treasury ETF (VGLT) was another favorite of investors, with about $7.3 billion in net flows in 2023. Indeed, those strategies proved popular with investors in 2023, as the Vanguard Total Bond Market ETF (BND) and iShares Core U.S. Aggregate Bond ETF (AGG) were ETFs with the second and third highest net flows, per Morningstar.

Persons: It's, Paul Olmsted, Matthew Bartolini, Olmsted, Morningstar, –, it's, BND, AGG Organizations: Investors, Bloomberg Finance, State Street Global Advisors, Morningstar, SPDR, SPDR Americas Research, Street Global Advisors, State, Treasury Bond ETF, Bloomberg, SGOV, SEC, Treasury, Fed, Vanguard, Bond Market, Core, Aggregate Bond Locations: SPDR Americas, Central

☆ This income-paying asset could be poised to rise in 2024 as interest rates cool
▼ + stars: | 2024-01-02 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

With interest rates expected to come down in 2024, real estate — a sector beloved for its steady income payments — could see upside in the new year. "When rates are low, a lot of income-oriented investors see that REIT dividend as very attractive, and they are willing to take the risks associated with equity investment to have this dividend payment." Jefferies is neutral on the office REIT sector but has raised its rating on Boston Properties to buy from hold. The senior housing occupancy rate was 84.4% in the third quarter of 2023, according to the National Investment Center for Seniors Housing & Care . That's up more than 6 percentage points from the pandemic low of 77.8%, but it's still off from the pre-pandemic occupancy rate of 87.1%.

Persons: REITs, Kevin Brown, Jefferies, Peter Abramowitz, Morningstar's Brown, it's, Brown, JPMorgan's Anthony Paolone, Ventas, — CNBC's Michael Bloom, Chris Hayes Organizations: Federal Reserve, Treasury, Boston Properties, Boston, National Investment Center, Seniors Housing & Care, Realty Locations: U.S, Boston, Friday's

☆ Investors seeking a high-quality bond fund can find one in this 'solid' offering, says Morningstar
▼ + stars: | 2023-12-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

By contrast, the other intermediate-term fund on the Morningstar FundInvestor 500 list, PIMCO Investment Grade Credit Bond fund, has more than 10% in high yield, according to Morningstar. "That's why having that exposure to investment grade corporate bonds … at this point in the cycle is a tremendous value," he added. Meanwhile, the assets in the fund that are high yield are what Narayanan calls high quality, "mispriced securities." Those are the types of names that have recently been upgraded back into the investment grade space," he said. "We tend to use that capacity in high yield to add to those types of issuers before the upgrade, anticipating the upgrade."

Persons: Morningstar, Paul Olmsted, Olmsted, Arvind Narayanan, Narayanan, VFIDX Organizations: Vanguard's, Fund, SEC, Morningstar, Oppenheimer, Vanguard, Credit Bond, CNBC Fed Survey, Fitch, Occidental Petroleum, Federal Reserve Locations: Detroit, Morningstar, Treasurys, Occidental

☆ Morningstar: The top 10 stocks to buy in December as the market rally continues into the new year
▼ + stars: | 2023-12-03 | by ( Mark Reeth | ) www.businessinsider.com time to read: +2 min

That's a far-cry from where many Wall Street pros thought stocks would end the year. Others, like analysts at Bank of America, BMO, and Deutsche Bank believe the market could roar to new all-time highs . Rather than try to guess where the market is heading next, investors would be better off finding high-quality stocks to invest in for the long run. Thankfully, Morningstar's Margaret Giles recently compiled a list of the stocks to buy now, drawn from analysts' larger collection of the best companies to own. These stocks have "predictable cash flows and are run by management teams that have a history of making smart capital-allocation decisions," she wrote.

Persons: Taylor Swift, JP Morgan, Morningstar's Margaret Giles Organizations: Business, JP, Bank of America, BMO, Deutsche Bank

☆ The little-known agriculture stocks shaping the future of alternative protein
▼ + stars: | 2023-11-25 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Not every corner of the plant-based food industry has been burned. After the boom-and-bust cycle of Beyond Meat stock, analysts have wondered what comes next for the plant-based food space. The alternative protein market Beyond Meat's struggles have left some skeptical about which companies have what it takes to meet the needs of consumers who want to avoid animal-based products for health or environmental reasons. After topping $230 per share at its highest point, Beyond Meat stock now trades below $7. There's a business argument beyond the alternative protein market that can bode well when forecasting demand, Morningstar's Goldstein said.

Persons: Kristen Owen, Oppenheimer, Morgan Stanley, Michael Canfield, FactSet, Canfield, Corteva, Morningstar, Seth Goldstein, Goldstein, Vincent Andrews, Owen, Zepbound, milks, bode, Morningstar's Goldstein, Archer, Michael Bloom Organizations: Good Food Institute, Daniels, Midland Locations: Green Plains, U.S, Green, There's

☆ These unique assets are now a popular way to lock in yield. What to know about defined maturity ETFs
▼ + stars: | 2023-11-24 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

After being on the market for more than a decade, defined maturity bond funds are finally attracting attention. Traditional open end, bond mutual funds or bond ETFs, on the other hand, have no maturity date. One big advantage over owning individual bonds, however, is that defined maturity ETFs are easy to purchase on the stock exchange. How they work Each defined maturity bond fund holds securities in the same sector that come due in the calendar year chosen for the fund. Callable bonds are simply those that can be redeemed or paid off by the issuer prior to the bonds' maturity date, according to the Securities and Exchange Commission.

Persons: Charles Rotblut, Bonds, Sarajat Samant, Karen Veraa, BlackRock's, —, Veraa, IBonds, Invesco, Treasury iBond, Jason Bloom, Invesco's Bloom, haven't, I'm, BlackRock's Veraa, Morningstar's, Samant, AAII's Organizations: Investors, American Association of, Treasury, BlackRock, Securities and Exchange Commission, Invesco Locations: BlackRock's iShares, U.S

☆ Wall Street is set to wrap up a strong month next week as stocks gun for new highs
▼ + stars: | 2023-11-24 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Wall Street is set to wrap up a strong month next week as stocks gun for new highs heading into year end. The Nasdaq Composite is on pace to close out the month with a double-digit advance, up 10%. In contrast to September and October, which are typically weak periods for stocks, the seasonal patterns are now in favor of equities. This week, LPL Financial's Adam Turnquist pointed out that more than half, or 55%, of S & P 500 stocks closed above their 200-day moving average. It's set to show a rise of 0.2%, down from the 0.7% rise in the prior month, according to FactSet consensus estimates.

Persons: Stephen Suttmeier, Sam Stovall, That's, CFRA's Stovall, What's, LPL, Adam Turnquist, Turnquist, Wolfe, Rob Ginsberg, Ginsberg, Morningstar's Dave Sekera, Sekera, Morningstar's Sekera, Salesforce, Gartner Organizations: Nasdaq, Bank, Treasury, Costco Wholesale, Kroger, New, Dallas Fed, Richmond Fed, Hewlett Packard Enterprise, NetApp, Intuit, PCE Deflator, Chicago PMI, PMI, Manufacturing, Dominion Energy, Cboe, Cardinal Health Locations: Chicago

☆ Chinese electric car maker BYD is about to steal Tesla's crown. Here's why it's winning the race.
▼ + stars: | 2023-11-18 | by ( Nathan Rennolds | George Glover | ) www.businessinsider.com time to read: +6 min

China is the world's electric vehicle leader, with 64% of total production and 59% of global EV sales in 2022, according to the World Economic Forum. One of its biggest EV producers, BYD , looks set to topple Tesla's position as the world's top seller of electric cars. AdvertisementCheaper EVsTesla sells just four cars – the Model S and Model 3 sedans, and the Model X and Model Y SUVs. Advertisement"2023 is set to be another banner year for China in terms of EV sales," the data company said. Seeing BYD overtake Tesla in the EV race may not bring any festive cheer for Elon Musk this holiday season.

Persons: Tesla, —, Tesla's, BYD, Elon, John Keeble, Seth Goldstein, that's, Goldstein, Teslas, Musk, Morgan Stanley, Lin Shanchuan, China's, Mazzocco, Morningstar's Goldstein, Stella Li Organizations: Service, Economic, EV, Elon Musk's, Yuan, Battery, Center for Strategic, International Studies, Getty, Tesla Beijing, Rho, Reuters, Bloomberg Locations: China, Shanghai, Washington ,, Fujian, Xinhua, Norway, America

☆ Morningstar: These are 10 of the best stocks to buy in November, and all of them are way cheaper than they should be
▼ + stars: | 2023-11-07 | by ( Mark Reeth | ) www.businessinsider.com time to read: +2 min

It's never easy to find the best stocks to buy — particularly in today's economy. So is seeking out companies with solid fundamentals, such as strong margins, plenty of cash, and consistently rising sales and earnings. But it's still difficult to know where to look for great stock picks in today's market. She recently narrowed Morningstar's list of the best companies to own to the most undervalued handful, meaning these great stock picks are tantalizingly priced at the moment. The 10 companies that made the cut are below, along with each company's ticker, last closing price, price to fair value ratio, Morningstar's Uncertainty Rating, Morningstar's Capital Allocation Rating, and the industry the company operates in.

Persons: It's, nonfarm, it's, Margaret Giles Locations: today's

☆ There's a once-in-a-decade opportunity in a sector that pays high dividends. Morningstar's chief strategist shares 5 stocks trading at discounts not seen since 2009.
▼ + stars: | 2023-11-06 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

The best opportunities today are in value stocks, meaning names trading at about a 22% discount to fair value, he said. Morningstar estimates fair value based on its projection of a company's future cash flows and the predictability of those flows. In fact, year-to-date, many utilities stocks have fallen by more than even long-dated bonds. What's great about utilities stocks is that they are very steady because demand for electricity is inelastic. It's a five-star-rated stock trading at a 23% discount to fair value and has about a 4.58% dividend yield.

Persons: Dave Sekera, Sekera, Travis Miller, It's Organizations: Stocks, Morningstar, Treasuries, NextEra Energy, Duke Energy, Electric Power Company Locations: AEP

☆ 8 cities where home values are soaring the most in the US, including 5 with median prices still under $260,000 — and 5 where prices are plummeting the fastest
▼ + stars: | 2023-11-02 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

Morningstar just published its Q4 Markets Observer note. The firm highlighted cities where home prices are rising and falling the most. Many high-flying markets that saw massive relative appreciation in the pandemic era are now cooling off in a big way, while those that saw more tepid gains are still plugging along. In Morningstar's Q4 Markets Observer note published this week, the firm used National Association of Realtors data to highlight cities in the US seeing the highest appreciation right now, as well as those where prices are falling the fastest. They found that more affordable markets are performing better from Q2 2022 to Q2 2023.

Persons: Morningstar Organizations: National Association of Realtors Locations: Cincinnati, Houston, Philadelphia

☆ BlackRock's Rick Rieder: Don't underestimate the resilience of the U.S. economy
▼ + stars: | 2023-11-02 | by ( Natalie Zhang | ) www.cnbc.com time to read: +1 min

BlackRock's Rick Rieder said this week that while the economy is slowing, he believes it can rebound. "I call the U.S. economy, the polyurethane economy because it flexes, adjusts like a Tempur-Pedic bed. It can take some pretty significant shots, and it just rebounds," Rieder told CNBC's "ETF Edge" on Monday. Rieder, who also oversees BlackRock's Global Allocation team, thinks that people are still going to buy equities despite the current demand for Treasury bonds. I don't think so, but I think equities will do their job.

Persons: Rick Rieder, Rieder, CNBC's, I've Organizations: BlackRock's, Treasury Locations: U.S, Europe

☆ Buy these 12 high-quality stocks that are up to 42% below their fair market value as Fed rate hikes begin to hit the economy hard, according to Morningstar's chief strategist and economist
▼ + stars: | 2023-11-01 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

The firm estimates fair value based on its projection of a company's future cash flows and the predictability of those flows. The best opportunities are now in value stocks that are trading at about a 22% discount to fair value, Sekara noted. Currently, the real estate sector is the most undervalued sector, with REITs trading at a 26% discount to fair value, Sekara said. Finally, American Tower (AMT), which owns and operates wireless and broadcast communications infrastructure, trades at a 24% discount to fair value. Two other five-star stocks that remain significantly undervalued are AT&T and Verizon, trading at a 35% discount to fair value.

Persons: Morningstar's Preston Caldwell, Caldwell, Dave Sekara, Sekara, Wells Organizations: Treasury, Morningstar, Simon Property Group, Realty Trust, Communications, Verizon, Citigroup, PNC, US Bank

☆ CNBC Daily Open: The perfect storm
▼ + stars: | 2023-10-30 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

A new jobs report released by the Labor Department this morning shows employers added 390,000 jobs in May. (Photo by Spencer Platt/Getty Images) Spencer Platt | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. And if that wasn't packed enough, market players will also be chasing the October jobs report due on Friday. It's expected to show the U.S. economy added 175,000 jobs last month, according to consensus estimates from FactSet.

Persons: Stocks, Spencer Platt, It's, Dow Jones, Dave Sekera, Sekera Organizations: NEW, New York Stock Exchange, Labor Department, Getty, CNBC, PCE, Fed, Apple, Pfizer Locations: New York City, U.S, FactSet

☆ The Fed decision and jobs report are in the week ahead as Wall Street wraps up a brutal month
▼ + stars: | 2023-10-27 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The Federal Reserve meeting and October jobs report are on the docket next week as investors wrap up a brutal month for markets. Both the S & P 500 and Nasdaq Composite slid into correction territory this week following some disappointing megacap tech reports. "I suspect that the Fed is not going to comfort the market," said James Camp, managing director at Eagle Asset Management. Many investors expect stocks could remain choppy until the markets gain clarity on when the Fed will start to cut rates. Jobs report Investors will get another look into the labor market next week soon after the Fed decision.

Persons: Jerome Powell, James Camp, Dave Sekera, Sekera, Dow Jones, Nick Galluccio, you'll, Powell, Charlie Ripley, Ripley, Galluccio, we've, Eli Lilly Organizations: Reserve, Nasdaq, Eagle Asset Management, Fed, Teton Advisors, Treasury, Asset, Apple, Investors, Allianz Investment Management, Advisors, Dallas Fed, Simon Property, Semiconductor, Western, ECI Civilian Workers, Chicago PMI, Devices, Caesars Entertainment, Pfizer, GE Healthcare Technologies, Caterpillar, ADP, PMI, Manufacturing, Costco Wholesale, Qualcomm, Cruise Line Holdings, Brands, Labor, Factory, News Corp, Booking Holdings, Paramount Global, Moderna, Jobs, Services PMI, Health Locations: U.S, FactSet, Chicago

Search resuls for: "Morningstar's"

25 mentions found