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☆ Stocks making the biggest moves midday: Dollar General, Salesforce, C3.ai, Chewy and more
▼ + stars: | 2023-06-01 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Dollar General — Shares sank nearly 20% after the company reported an earnings and revenue miss for the first quarter. Its second-quarter revenue guidance also beat expectations, per StreetAccount. The company also reduced its full-year revenue guidance in the low single-digits range from the prior midsingle-digit range estimates. The drop in shares came as cost concerns and dwindling demand for consulting deals overshadowed better-than-expected results and an improved full-year earnings outlook. The company also raised its full-year earnings per share guidance.

Persons: Chewy, Hormel, Wednesday's, CrowdStrike, Salesforce, Okta, JPMorgan Chase, Veeva, Samantha Subin, Yun Li, Alex Harring, Tanaya Macheel Organizations: StreetAccount, Revenue, Refinitiv, JPMorgan, Veeva Systems, Saudi Arabia's Public Investment Fund, Barclays Locations: Vallejo , California

☆ Stocks making the biggest moves premarket: Advance Auto Parts, SoFi, Twilio and more
▼ + stars: | 2023-05-31 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

A vehicle pulls out of a parking space outside an Advance Auto Parts Inc. store in Peoria, Illinois. The company earned an adjusted 52 cents per share, beating a Refinitiv forecast of 48 cents per share. Advance Auto Parts — The car parts retailer plummeted more than 25% after a wide earnings miss. The company reported an adjusted 72 cents per share against a Refinitiv consensus forecast of $2.57 per share. American Airlines – Shares of the air carrier rose about 2% premarket after the company raised expectations for the second quarter.

Persons: Bud Light, Ambarella, —, Samantha Subin, Fred Imbert, Tanaya Macheel Organizations: Inc, Anheuser, Busch, Hewlett Packard Enterprise, Partners, StreetAccount, FactSet, American Airlines – Locations: Peoria , Illinois

☆ Stocks making the biggest moves midday: Intel, C3.ai, Advance Auto Parts, HP and more
▼ + stars: | 2023-05-31 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Ambarella — The chip stock fell 11.76%. Hewlett Packard Enterprise – Shares of the tech company slid 7.09% a day after the company posted a mixed quarterly report. HP – The stock fell 6.05%. Its adjusted earnings per share of 80 cents topped the 76 cents per share expected. Twilio – The tech stock rallied 11.09%.

Persons: David Zinsner, Ambarella, KeyBanc, Carvana, Twilio, KeyCorp, CNBC's Hakyung Kim, Jesse Pound, Brian Evans, Tanaya Macheel, Fred Imbert Organizations: Intel, Avis Budget, Deutsche Bank, Nvidia —, Nvidia, Hewlett Packard Enterprise, HP, Refinitiv, Micron Technology, Goldman Sachs Global Semiconductor Conference, Micron, Partners, Zions Bancorp, Citizens Financial Group, Truist Locations: China, –

☆ Bitcoin falls ahead of debt ceiling vote, heads for its first losing month of the year
▼ + stars: | 2023-05-31 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Bitcoin is track to post a 8% loss, which would be its worst month since November 2022. If it ends the day in the red, that will make May its worst month since December 2022. Bitcoin fell on Wednesday and was on track to post a down month as optimism around the debt ceiling rally fizzled. Crypto moved in line with the major stock averages, which were all lower as investors awaited the House vote on the tentative deal to raise the nation's debt ceiling and avoid a default on Wednesday. Crypto prices initially climbed over the weekend after House Republicans reached a tentative deal with the White House to address the debt ceiling.

Persons: Bitcoin, Crypto, Noelle Acheson, — CNBC's Gina Francolla Organizations: Metrics, House Republicans, White

☆ Stocks making the biggest moves midday: Nvidia, Tesla, Coinbase and more
▼ + stars: | 2023-05-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Visitors at the Nvidia stand at the 2022 Apsara Conference in Hangzhou, China, Nov 3, 2022. Nvidia — Shares of the chipmaker and artificial intelligence beneficiary popped nearly 6%, building on its recent gains on the heels of a blowout quarter. Tesla — Shares gained 6% following a Reuters report a private jet used by CEO Elon Musk arrived in China, his first visit in three years. ChargePoint — Shares rose nearly 11%. Devon Energy , Diamondback , Chevron , ExxonMobil — Energy stocks were under pressure Tuesday as prices for oil and natural gas slid.

☆ Stocks making the biggest premarket moves: ChargePoint, Ford, Nvidia, Tesla and more
▼ + stars: | 2023-05-30 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making some of the biggest moves in premarket trading:ChargePoint — Shares of the electric vehicle charging station company jumped 5% premarket after Bank of America upgraded the stock to buy. Tesla — Shares gained 3% premarket. Last Thursday, Tesla and Ford announced a partnership giving Ford owners access to Tesla Superchargers. Coinbase — Shares gained 4% in premarket trading. Nvidia — Shares continued to near $1 trillion in market value, up 3.7% in premarket trading.

☆ Bitcoin rises as investors await vote on tentative debt ceiling agreement
▼ + stars: | 2023-05-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

On Monday, bitcoin rose as high as $28,461.45, while ether reached a high of $1,928.16. The cryptocurrencies began climbing Saturday evening after House Republicans reached a tentative deal with the White House to raise the nation's debt ceiling and avoid a default. As the debt ceiling negotiations weighed on crypto investors last week, the minutes of the latest Federal Reserve meeting also showed central bank officials are divided on where to go with interest rate hikes. Bitcoin and ether are on pace for their worst month since November, down 5% and up less than 1%, respectively. For the quarter, bitcoin is down 2%, after finishing the first quarter up 71%.

☆ Chart analysts see market correction coming after temporary debt ceiling-deal euphoria
▼ + stars: | 2023-05-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

But market breadth, or the measure of how wide-reaching a rally is, has ebbed. CanaccordGenuity technical analyst Javed Mirza said in a note to clients on Monday that an "intermediate-term equity market correction looms" if market breadth does not improve. Over the past three months, the Nasdaq 100 has gained more than 18%, and the S & P 500 has advanced nearly 6%. Meanwhile, the Invesco S & P 500 Equal Weight ETF (RSP) has fallen more than 3%. According to Bespoke Investment Group, 90 stocks in the S & P 500 have hit 52-week highs this month.

☆ Stocks making the biggest moves premarket: Marvell Technology, Gap, RH and more
▼ + stars: | 2023-05-26 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Marvell Technology — Marvell Technology surged 17% in premarket trading after reporting a top-and-bottom beat in its first quarter. The financial management software firm also named a new chief financial officer, Zane Rowe, and raised the low end of its full-year subscription revenue guidance. Deckers Outdoor — Deckers Outdoor fell 2% in premarket trading. RH — Shares of the retailer fell more than 3% in premarket trading despite RH beating estimates for its fiscal first quarter in a Thursday evening report. It very slightly raised full-year revenue guidance and reaffirmed earnings per share guidance.

Persons: Marvell, Refinitiv, Zane Rowe, RH's, Macheel, Jesse Pound Organizations: Marvell Technology, Marvell, Autodesk, —

☆ Here's one stock to play the 'almost perfect marriage' between A.I. and crypto, according to Needham
▼ + stars: | 2023-05-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

While the possibilities are still coming into focus, Needham sees at least one near-term opportunity for investors, and a stock to play it. In the near term, the infrastructure level is the place for investors, and Applied Digital offers an interesting opportunity, according to the firm. "We have been excited about Applied Digital, which is a bitcoin mining hosting provider that recently entered into hosting high performance compute (HPC) and AI," Needham analyst John Todaro told CNBC by email. "Given the similar power density requirements between bitcoin mining and hosting AI applications, we believe there is an attractive opportunity for Applied Digital and potentially other mining hosting providers to enter this space." It's still early days for both crypto and AI individually, although the AI hype may have better longevity from having been around for longer.

☆ Stocks making the biggest moves midday: Ford, Marvell Technology, Paramount, Gap and more
▼ + stars: | 2023-05-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Tesla 's stock gained 4.72%. Marvell Technology — The semiconductor stock soared 32.42% after the company's earnings beat analyst expectations. Despite reporting an earnings and revenue beat, shares fell on the company's reduced operating margin outlook for the full year. Paramount — Shares of the media company gained 5.89% after National Amusements, Paramount's majority voting shareholder, announced a $125 million preferred equity investment by BDT Capital Partners. Workday also raised the low end of its full-year subscription revenue guidance and named a new chief financial officer, Zane Rowe.

☆ Stocks making the biggest premarket moves: Apple, Meta, Micron, PacWest and more
▼ + stars: | 2023-05-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading:Apple — Shares of the iPhone maker fell about 1% premarket after Loop Capital downgraded Apple's stock to hold from buy. Nike , Foot Locker — Shares of Nike and Foot Locker declined 1.5% and 2.4%, respectively, in premarket trading. Foot Locker missed on the top and bottom lines in its first fiscal quarter, and lowered its guidance. UBS upgraded shares to a buy from neutral rating, saying that expansion into new markets should fuel growth. Norfolk Southern , CSX — Shares of the railroads added 1.8% and 1.5%, respectively, in premarket trading.

☆ Crypto sees fifth consecutive week of outflows, with negative sentiment focused on bitcoin
▼ + stars: | 2023-05-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Crypto investment products are coming off their fifth consecutive week of outflows while trading volumes on trusted exchanges hit their lowest level since late 2020, according to CoinShares. Outflows in popular electronic trading products, mutual funds and OTC trusts referencing bitcoin , ether and other crypto assets totaled $32 million for the week ending May 19, CoinShares said in a weekly report Monday. "This was another down week for crypto and, interestingly, a week of divergence with upbeat equity markets," Bernstein analyst Gautam Chhugani said in a note Monday. The market saw $32.7 million in bitcoin outflows, followed by $1 million in ether. Any sign of dislocation in U.S. banks/the U.S. Dollar/the U.S. debt crisis could trigger crypto markets to catch a bid amidst the chaos."

☆ Crypto’s biggest headwinds this year are hurting stablecoins. Here’s what investors need to know
▼ + stars: | 2023-05-19 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Stablecoins are like cash in crypto markets: They are supposed to be pegged to the value of a stable asset, such as the U.S. dollar. Stablecoins play an important role bridging traditional and digital currencies and giving market participants access to crypto trading and protocols. For many, that makes them a proxy for the amount of fiat money entering and leaving crypto, Panigirtzoglou said. Republican negotiators walking out of the high-stakes debt ceiling talks Friday also has implications for stablecoins. Tether and Circle's USDC hold about 65% and 57%, respectively, of their stablecoin reserves in T-bills, according to the companies' attestation reports.

☆ WisdomTree's William Peck discusses the benefits of tokenization
▼ + stars: | 2023-05-19 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWisdomTree's William Peck discusses the benefits of tokenizationWilliam Peck, head of digital assets at WisdomTree, sits down with Crypto World at Digital Assets Week in San Francisco to discuss the benefits and future of tokenization.

The shoe retailer missed analysts' expectations on both earnings and revenue in the first quarter. Catalent lowered its full-year earnings and revenue guidance ahead of its business update call. Applied Materials – Shares of the chip maker slipped more than 1% premarket despite the company posting earnings and revenue for the most recent quarter that beat expectations on Wall Street. DXC posted revenue that came in below analysts' expectations from FactSet and earnings that were about in line with expectations. Deere — The tractor maker's shares rose almost 4% after it announced an earnings and revenue beat for its fiscal second-quarter.

☆ Stocks making the biggest moves premarket: Walmart, Take-Two Interactive, Bath & Body Works and more
▼ + stars: | 2023-05-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Sale signs inside the Bath and Body Works store in Edmonton. Walmart also reported stronger-than-expected adjusted earnings and revenue, according to Refinitiv. Take-Two Interactive Software — The video game company surged 14% after posting better-than-expected revenue for its fiscal fourth quarter. Bath & Body Works — The retailer of body care and fragrance saw its stock surge nearly 10% in premarket after the company posted stronger-than-expected earnings and revenue for the latest quarter. Bath & Body Works also raised its full-year earnings guidance.

☆ Litecoin, XRP and other altcoins rise Wednesday as 'blue chip' bitcoin hits a lull
▼ + stars: | 2023-05-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Litecoin and XRP were each higher by about 5%, according to Coin Metrics, while the Sandbox token jumped 4%. On Wednesday Ripple, the global payments company behind XRP, announced its acquisition of Metaco, a Swiss crypto custody services firm. Still, realized 30-day volatility for both bitcoin and ether are off their record lows of the year, according to Glassnode. In recent months, bitcoin and ether have been regarded by many as so-called "blue chip" or "flight to safety" assets in crypto. Bitcoin and ether continued to hover around the flat line Wednesday at the $27,000 and $1,800 levels, respectively.

☆ Morgan Stanley sees a sign that points to a top in bitcoin
▼ + stars: | 2023-05-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

It's altcoin season, as they say in crypto, and that could mean a bitcoin price peak is imminent, according to Morgan Stanley. "Speculative activity has returned to some parts of the crypto market," said Morgan Stanley analyst Sheena Shah. Bitcoin price peaks both large and small have in recent years coincided with increases in speculative token listings, she said, highlighting April and November 2021 and March and August 2022. Throughout 2021 bitcoin's price had an inverse relationship with the pace of new token listings, according to Shah. "We will be watching to see if the same pattern repeats or if we are at the start of a new bullish bitcoin price cycle," said Shah.

☆ Stocks making the biggest moves midday: Tesla, Western Alliance, Target & more
▼ + stars: | 2023-05-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Musk said that although he expects an economic downturn for the next 12 months, Tesla is well-positioned for the long run. Western Alliance — Western Alliance popped 15% after the regional bank said deposit growth so far this quarter surpassed $2 billion as of May 12. Target — Shares of the big-box retailer rose more than 2% after the company topped Wall Street's earnings expectations for its fiscal first quarter. It also topped expectations for first-quarter comparable sales, per StreetAccount, but its revenue missed estimates. Keysight Technologies — Shares popped more than 7% after Keysight Technologies topped earnings expectations for the fiscal second quarter.

☆ Stocks making the biggest moves midday: Horizon Therapeutics, Capital One, RH, Home Depot and more
▼ + stars: | 2023-05-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Western Alliance Bancorp — Western Alliance shares jumped 3.6% after Bank of America reinstated coverage on the stock with a buy rating. Home Depot , Lowe's — Shares of home improvement retailers Home Depot and Lowe's lost 1.4% and 1% in midday trading Tuesday. On Monday, Daniel Welch, a director at Seagen, disclosed the sale of 1,864 shares, a stake worth more than $370,000. GE HealthCare — The medtech company's shares gained nearly 3% after Oppenheimer initiated coverage with an outperform rating on Monday. GE HealthCare separated from parent company General Electric earlier in 2023 and began publicly trading on the Nasdaq Jan. 4.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin dips amid low liquidity, and EU states approve comprehensive crypto rules: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Sam Callahan, lead analyst at Swan Bitcoin, breaks down the cryptocurrency's performance this year.

☆ It’s been a month since the big Shapella upgrade. Here’s how Ethereum has changed since then
▼ + stars: | 2023-05-16 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

A little over a month ago, Ethereum underwent a major technology upgrade that allowed investors to withdraw their "staked," or locked up, coins on the network for the first time ever. The change, known as Shanghai or Shapella, was meant to bring more liquidity to the network by allowing investors to withdraw their staked assets. The total value of ether staked has risen, while the supply has fallen dramatically. Here's what else has happened in the month since Shapella: 1. So far, however, ETH fees have outpaced the growth in the amount of ether staked, leading to higher yields, he said.

☆ Paul Tudor Jones says he's always going to keep a small amount of bitcoin in his portfolio
▼ + stars: | 2023-05-15 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Legendary hedge fund manager Paul Tudor Jones said he's still hanging on to his bitcoin and always will. "So I'm sticking with it, and I'm going to always stick with it as a small diversification in my portfolio." Bitcoin has a fixed supply cap of 21 million coins, as designed and mandated by the Bitcoin code. "They've done so well recently because of the fact that we have had these great risk premiums," Jones said about bitcoin and gold. Jones has also previously said on CNBC that buying bitcoin is like investing in an early tech company .

☆ Stocks making the biggest moves midday: Shake Shack, Charles Schwab, Activision Blizzard and more
▼ + stars: | 2023-05-15 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Oneok shares slid 7.7%. The IRS is due to release the report this week, the Wall Street Journal reported. Activision shares added 1%, while Microsoft was little changed. The Wall Street firm said shares trade at a significant discount to peers. The Coach and Kate Spade parent has a strong valuation and long-term investment case, the Wall Street firm said.

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