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☆ Stocks making the biggest moves midday: Boeing, JPMorgan, UnitedHealth, Rivian and more
▼ + stars: | 2023-04-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

A Boeing 737 MAX 8 sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington. JPMorgan Chase — Shares soared about 7% after the bank reported record first-quarter revenue thanks to higher interest rates. Citigroup — The bank's stock added more than 4% after the company reported rising net income and a revenue beat for the first quarter. Lucid — Shares of the EV maker dropped more than 6% after the company reported underwhelming first-quarter deliveries. Piper Sandler downgraded the stock to neutral from neutral earlier in the day, and said the company needs more cash.

☆ Stocks making the biggest moves before the bell: JPMorgan Chase, Wells Fargo, PNC, Lucid, Express & more
▼ + stars: | 2023-04-14 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

JPMorgan Chase reported revenue of $39.34 billion, beating the $36.19 billion estimates for analyst polled by Refinitiv. Wells Fargo — The bank added 3.1% after beating Wall Street expectations when reporting earnings. The company reported revenue at $20.73 billion, which is higher than the $20.08 expected by Wall Street. PNC — Shares rose 1.3% after the bank reported first-quarter earnings. UnitedHealth – UnitedHealth shares rose slightly after the health insurance provider beat Wall Street's estimates on the top and bottom lines and lifted its profit outlook for 2023.

☆ Ether rallies 12% in two days, topping $2,100 after tech upgrade
▼ + stars: | 2023-04-14 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Ether, the digital token of the Ethereum blockchain, is the second-largest cryptocurrency in the world by market value. Cryptocurrencies built on their post-Shanghai/Shapella gains Friday as investors breathed a sigh of relief that Ethereum's latest tech upgrade was completed successfully and without some of the potentially negative aftereffects they initially feared. Ether rose another 5% Friday morning to $2,113.73, bringing its two-day gain to nearly 12%, according to Coin Metrics. It's on pace to end the week up 14%The ETH rally lifted other cryptocurrencies, with bitcoin rising more than 1% to $30,795.99. The largest cryptocurrency by market cap climbed to $30,000 on Monday, for the first time since June.

☆ Ether is poised to climb higher with the uncertainty of 'Shanghai' behind investors
▼ + stars: | 2023-04-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +7 min

Market participants say that with all the uncertainty out of the way, ether may finally catch up with bitcoin. After Shanghai Investors can now withdraw staked ether from the network for the first time ever: This is one of the biggest attractions of the Shanghai upgrade. This Merge ultimately made more liquidity available to ether investors and stakers. "Dominance" measures how a crypto asset like bitcoin is performing relative to its peers in the crypto market. That correlation has declined, however, in part because market participants have favored bitcoin over ether ahead of the Shanghai upgrade.

☆ Ether crosses $2,000, and Twitter teams up with eToro for crypto trading: CNBC Crypto World
▼ + stars: | 2023-04-13 | by ( Tanaya Macheel | Jordan Smith | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEther crosses $2,000, and Twitter teams up with eToro for crypto trading: 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, Fred Thiel of Marathon Digital Holdings discusses crypto mining's energy use.

☆ Ether rises after the Shanghai upgrade, bringing year-to-date gain to more than 65%
▼ + stars: | 2023-04-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

The price of ether climbed on Thursday, after investors put uncertainty surrounding the long-awaited Shanghai upgrade behind them. Ether rose more than 4.5% to $1,989.02, according to Coin Metrics, while bitcoin gained more than 1%. After a two-year lock up period, Ethereum staking withdrawals were enabled by the Shanghai upgrade around 6:30 p.m. Investors were optimistic but cautious in the weeks leading up to Shanghai, also known as "Shapella." Noelle Acheson, an economist and author of the "Crypto is Macro Now" newsletter said she's skeptical the sudden move higher in ether isn't entirely Shanghai-driven.

☆ Morgan Stanley says this chip giant will be a long-term tech leader — and gives it 30% upside
▼ + stars: | 2023-04-12 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

The South Korean chip maker also said it will cut memory chip production amid slowing global growth, dwindling demand and oversupply. TSMC When it comes to TSMC, Morgan Stanley is staying bullish despite expectations of near-term pressure on the stock. In the near term, we also expect TSMC's 2Q23 revenue guidance to be weaker than expected," Morgan Stanley's analysts, led by Charlie Chan, wrote in a note on Apr. 20, the bank's base case scenario will see the chip giant guiding for a longer-than-expected inventory correction. Tim Seymour, founder and chief investment officer of Seymour Asset Management, believes the dip in TSMC's share price is a buying opportunity .

☆ Goldman's top trades heading into earnings season
▼ + stars: | 2023-04-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

First-quarter earnings season kicks off this week and Goldman Sachs analysts see upward earnings revisions driving several stocks higher. Last quarter, single stock volatility on earnings events were near a decade high, Marshall said. His team expects moves on companies' earnings days to remain elevated "even as non-earnings day moves decline with macro volatility." Its analysts are projecting 7% earnings growth for the first quarter and 5% over the next four quarters. The chipmaker's earnings are projected to fall 7% in the most recent quarter, Goldman said.

Mohawk Industries — Shares of the flooring manufacturer gained 5% after Loop Capital upgraded the company to buy from its previous hold rating. WisdomTree — Shares of the financial firm gained 3% after the company said it had $1.9 billion of net flows in March. New York Community Bancorp — Shares of the regional bank gained 2.7% after Jefferies upgraded the stock to buy from hold. LendingClub — The lending stock gained 5% after JPMorgan initiated coverage of the stock at overweight. Murphy Oil — The natural gas company's shares gained 2.6% after Truist upgraded shares to buy from hold.

☆ European markets expected to open higher after shaking off last week's pessimism
▼ + stars: | 2023-04-11 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

Bitcoin climbed on Monday evening, topping the key psychological level of $30,000 as investors awaited key inflation data later in the week that could steer crypto prices. The largest cryptocurrency by market cap rose 7% to $30,193.25 for the first time since June, according to Coin Metrics. The U.S. consumer price index and producer price index due Wednesday and Thursday, respectively – will be key in determining if or when the Fed will pause or put an end to its rate hiking campaign. Meanwhile, ether has been climbing ahead of its planned "Shanghai" tech upgrade, which is expected to bring a wave of negative sell pressure on the market as previously locked funds on Ethereum are released over the next few weeks. It advanced more than 3.5% to $1,925.11 for the first time since August as investors ahead of the upgrade, scheduled for Wednesday.

☆ Where bitcoin goes next after hitting $30,000, according to chart analysts
▼ + stars: | 2023-04-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Bitcoin climbed above $30,000 Monday night for the first time since June – and sustained that level throughout trading on Tuesday. This week's price rally has added to the optimism around bitcoin's recent strength and resilience and interest from new investors – and chart analysts agree the cryptocurrency is in a solid uptrend trend – after posting a 63% loss for 2022. "Specially, following its March breakout above key resistance, price had consolidated sideways for a number of weeks," he said. BTC.CM= ETH.CM= 1Y line Bitcoin (BTC) and ether (ETH) over the past year Fairlead Strategies' Katie Stockton echoed that, saying bitcoin "pushed out of its consolidation phase, following a base breakout in March." The recent breakout level near $1,850 should hold in coming days to keep the momentum going.

☆ Bitcoin tops $30,000 for the first time since June ahead of key inflation data; ether nears $2,000
▼ + stars: | 2023-04-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The largest cryptocurrency by market cap rose 7% to $30,193.25 for the first time since June, according to Coin Metrics. Ether advanced more than 3.5% to $1,925.11 for the first time since August as investors awaited the Ethereum network's latest tech upgrade, scheduled for Wednesday. Bitcoin climbed on Monday evening, topping the key psychological level of $30,000 as investors awaited key inflation data later in the week that could steer crypto prices. Price moves for the two crypto assets have historically tracked relatively in line on a percentage basis, but the top two crypto assets "decoupled" in March, thanks to a "flight to quality" in bitcoin following bank closures. The upcoming inflation data will be key in determining if or when the Fed will pause or put an end to its rate hiking campaign.

☆ ‘Everyone should want to own’ this discounted chip stock, says ‘Fast Money’ trader Tim Seymour
▼ + stars: | 2023-04-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Taiwan Semiconductor shares had a rough day, but it's a stock that "everyone should want to own" at these levels, according to Tim Seymour, founder and chief investment officer of Seymour Asset Management. "You want any chance to buy this stock on weakness," Seymour said on CNBC's "Fast Money." Taiwan Semiconductor is up roughly 19% from the start of the year. Indeed, the VanEck Semiconductor ETF (SMH) is up 26% in 2023. SMH YTD mountain VanEck Semiconductor ETF (SMH) YTD —CNBC's Brian Evans and Hakyung Kim contributed reporting.

☆ Bernstein says if you like gold, you should like bitcoin even more
▼ + stars: | 2023-04-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

It's "irrational" to like gold and dislike bitcoin at this point in the macro cycle, according to Bernstein. At the same time, the flagship cryptocurrency's correlation with gold has been climbing, while its correlation with stocks has declined, Bernstein found. "If you like gold here, you should like bitcoin even more … Gold and bitcoin correlation increases during the periods of crisis. And when there is a massive monetary debasement event, while both bitcoin and gold rally, bitcoin outperforms gold." "Liking gold, but not liking bitcoin, is like hating on a faster horse," they said.

☆ Stock futures rise slightly ahead of key inflation data and the kickoff of earnings season: Live updates
▼ + stars: | 2023-04-09 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

U.S equity futures rose slightly Sunday evening as investors looked ahead to key inflation data and the start of first-quarter earnings season. Futures tied to the broad market S&P 500 rose 0.2% and Dow Jones Industrial Average futures edged up 62 points, or 0.2%. The market was volatile as economic data showed signs of a weakening labor market. The March jobs report on Friday showed a resilient economy and moderate inflation, however, which pushed stock futures and Treasury yields higher. "It's still probably a toss-up as to whether the Fed hikes by another 25 basis points at its next meeting and stands pat; the next set of inflation data will probably be the deciding factor."

☆ Ether has been climbing ahead of its planned 'Shanghai' tech upgrade. Here's what the event could mean for crypto investors
▼ + stars: | 2023-04-09 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Ether rose last week as investors looked ahead to the Ethereum network's next big tech upgrade. "And greater participation in ETH staking strengthens the security of the Ethereum network as a whole." Data from CryptoQuant suggests any sell pressure would be low, however. Currently, however, the majority of the ETH staked (54%, or 9.7 million ETH) is currently at a loss, the firm said. "Given there's a limited amount of participants that can exit in a day, this sell pressure will not be as instant or violent as advertised by some commentators," he said.

☆ Stocks making the biggest moves midday: Costco, Bed Bath & Beyond, AMC, FedEx and more
▼ + stars: | 2023-04-06 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Costco — The wholesale retailer's shares dropped 2% after the company announced sales dipped 1.1% year over year in March. Bed Bath & Beyond — The stock tumbled 7% after the retailer proposed a stock split as it attempts to avoid bankruptcy. Analysts covering the stock welcomed the news, with Raymond James upgrading shares to outperform from market perform Thursday morning. Leslie's , Pool — Shares of pool company Leslie's popped 5.4%, while Pool gained 1%, after both names were upgraded by Loop Capital to buy from hold. Craig-Hallum downgraded the stock to hold from buy and Rosenblatt pulled its rating to neutral from buy following the guidance cut.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAustralia ends Binance derivatives license, and Ethereum preps next big upgrade: 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, Crypto World explores the next major upgrade for the Ethereum network.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicroStrategy buys 1,045 bitcoin, and Invest Diva explains her crypto confidence: 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, Invest Diva CEO Kiana Danial discusses her bullishness on bitcoin.

☆ These well-liked stocks are cheap and set for big earnings growth
▼ + stars: | 2023-04-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Alaska Air joins it with expected earnings growth of 31.5% and buy ratings from 86% of analysts. It has the second-largest estimated earnings growth at 72.5%. Ahead of it in earnings growth is Vici Properties , the real estate investment trust. In tech, Microchip Technology 's earnings growth is projected at 30% and potential upside to its stock price at 19%. The other tech name, dating app operator Match Group , ties with Baker Hughes with a forward price-earnings multiple of 17.9.

☆ Stocks making the biggest moves midday: Tesla, Marathon Oil, WWE, UnitedHealth and more
▼ + stars: | 2023-04-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

UnitedHealth — Shares of the health insurance giant gained about 4% after the Center for Medicare & Medicaid Services on Friday announced updated payment rates. The Wall Street firm said Marqueta is facing a "multitude of headwinds" without an ironed-out renewal deal with Block. Extra Space Storage , Life Storage — Shares of Extra Space Storage fell 5% after the company said it would acquire Life Storage in an all-stock transaction for $145.82 per share, an 11.2% premium to where Life Storage closed Friday. Shares of Life Storage shares rose 3%. Ovintiv – The oil and natural gas exploration and production company saw shares jump 10% after announcing it will acquire certain Midland Basin assets from EnCap Investments for about $4.3 billion.

☆ Stocks making the biggest moves premarket: Marathon Oil, Macy's, WWE and more
▼ + stars: | 2023-04-03 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

A road is closed after an oil leak at Marathon Galveston Bay Refinery on October 6, 2021 in Texas City, Texas. Energy stocks — Energy stocks rose broadly Monday after OPEC surprised the market by announcing a production cut. Marathon Oil rose more than 7%, while Halliburton , APA and Occidental Petroleum each gained more than 6%. Extra Space Storage , Life Storage — Extra Space Storage said it would acquire Life Storage in an all-stock transaction for $145.82 per share, an 11.2% premium to where the stock closed Friday. Extra Space shares dropped 4.9% following the announcement; Life Storage shares climbed about 1.7%.

☆ Ether's strong first-quarter performance was upstaged by bitcoin. Here's what comes next
▼ + stars: | 2023-04-03 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +6 min

Bitcoin opened investors' eyes to the diversity of its narrative as its price fought a banking crisis, a regulatory crackdown and persistent inflation. Further, some see technological advances on the Ethereum network as laying the groundwork for the new cycle. That breakthrough accelerated its development pathway, allowing major Ethereum blockchain upgrades on the regular, Hougan added. "There are positives and negatives that could come from the Shanghai upgrade," he said. The Shanghai upgrade follows the Ethereum Merge , the September transition of the network from proof-of-work to proof-of-stake.

☆ Stock futures are flat Monday evening: Live updates
▼ + stars: | 2023-04-03 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Stock futures were flat Monday evening as investors weighed a spike in oil prices that led the Dow higher to start the new trading month. Futures tied to the Dow Jones Industrial Average inched down by 30 points or 0.09%. S&P 500 futures slipped by 0.08%, and Nasdaq 100 futures dipped by 0.14%. In regular trading the Dow rose 327 points, or 0.98%, and the S&P 500 added 0.37%. The Energy Select Sector SPDR fund (XLE), which tracks the S&P 500 energy sector, popped more than 4%.

☆ Bitcoin outlook: Crypto may be in a bull market now, but investors should still tread carefully
▼ + stars: | 2023-04-02 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +8 min

The case for a new crypto bull market has been slowly growing since the beginning of the year and gained more strength still in March. For Orsini, the new bull market in crypto began on Jan. 13, when bitcoin broke through its 200-day moving average. "But an enduring secular bull market will have clarity and regulation underpinning it." "When that framework gets introduced you're going to be closer to the beginning of a secular bull market." Less liquidity, bigger swings Bull market or not, investors agree it'll be no straight line up over the next few months.

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