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—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: TAN, Katie Stockton Organizations: Fairlead, CNBC Pro, Securities Locations: TAN
How much longer can Taylor Swift hold at No. 1 with “The Tortured Poets Department”? The numbers for “Tortured Poets” are now cooling slightly, but don’t count on it slipping down the chart anytime soon. (On next week’s chart, Swift will compete with the K-pop group Ateez, whose last album, opened at No. Can Swift reach those same heights with “Tortured Poets”?
Persons: Taylor Swift, , , Billie Eilish, Swift, Morgan Wallen’s Organizations: Department Locations: Dua Lipa
With equities ending May higher, Piper Sandler says everything is going right for a handful of stocks. M & T Bank Regional bank M & T made the Piper Sander list, with analyst Frank Schiraldi highlighting the stock's reversal of a long downward trend and its fresh 52-week high reached on May 15. The analyst added that Oracle has yet to fully capitalize on a growing artificial intelligence tailwind. Tractor Supply Shares of retailer Tractor Supply have surged more than 32% in 2024. "Tractor Supply Company possesses the attributes that the macro select model is targeting as prime for the current backdrop," the analyst said.
Persons: Piper Sandler, Piper Sander, Frank Schiraldi, Schiraldi, Brent Bracelin, Bracelin, Peter Keith, Keith Organizations: Piper, Federal, T Bank Regional, T Bank, Oracle, Oracle Corporation, ", Tractor Supply, Tractor Supply Company
Investors may not have sufficiently accounted for the impact of stretched consumer finances on the discretionary sector. We'll review the dichotomy going on in the consumer discretionary sector and give a bearish trade on an outperforming stock once thought to be immune from some of the pressures. To some extent, the haves and have-nots divide explains the difference between the consumer discretionary stocks that have outperformed versus underperformed this year. Horton, YTD However, two industry groups within the consumer discretionary sector have not followed this pattern to the same degree. The trade: Chipotle The best-performing restaurant in the consumer discretionary sector so far this year is Chipotle Mexican Grill Inc. (CMG) up a market-crushing 36.8%.
Persons: Roland Garros, Ralph Lauren, Hermes, Versace, Prada, Calvin Klein, Tommy Hilfiger, Van Heusen, Horton, TOL, D.R, Tesla, Darden, YTD, Chipotle Organizations: Monaco, PVH Corp, IZOD, Carnival Corp, CCL, GM, Grill Inc, Darden, Starbucks Locations: Royal Caribbean, Horton
We've got you covered if you're looking for how to get tickets to Childish Gambino's 2024 tour. Childish Gambino 2024 North American tour scheduleChildish Gambino's world tour kicks off on August 11, 2024, and will end on February 11, 2025. How to buy tickets for Childish Gambino's 2024 concert tourYou can buy original tickets to see Childish Gambino's 2024 tour on Ticketmaster. Compared to similar touring acts, prices for tickets to Childish Gambino's 2024 concerts are fairly reasonable. There are already 27 international dates scheduled for Childish Gambino's 2024 tour.
Persons: Childish Gambino, Donald Glover, Mrs Smith, King, Glover, Bando Stone, Childish Gambino's, We've, Childish, StubHub, Willow Organizations: Business, FL, UT, AZ, IL, Ticketmaster, StubHub, North Locations: Atlanta, Oklahoma City , Oklahoma, Perth, Australia, North America, Europe, New Zealand, Oklahoma, Kansas City, Milwaukee, Columbus, Detroit, MI, Toronto, ON, Canada, Pittsburgh, Philadelphia, Boston, Uncasville, Brooklyn, NY, Washington, Raleigh, NC, Nashville, TN, Tampa, New Orleans, LA, Houston, Austin, Dallas, Denver, Salt Lake City, Phoenix, Los Angeles, CA, San Francisco, Vancouver, BC, Portland, Seattle, WA, Calgary, AB, Edmonton, Paul, Chicago, Lyon, France, Milan, Italy, Cologne, Germany, Hamburg, Oslo, Norway, Copenhagen, Denmark, Prague, Czech Republic, Berlin, Paris, Munich, Brussels, Belgium, Amsterdam, Netherlands, Manchester, England, Glasgow, Scotland, London, Birmingham, Dublin, Ireland, Auckland, Brisbane, Sydney, Melbourne, Los Angeles ,, Oceania
Stock Chart Icon Stock chart icon Amazon's year-to-date stock performance. Stock Chart Icon Stock chart icon Forward Air's year-to-date stock performance. Stock Chart Icon Stock chart icon Ingersoll Rand's year-to-date stock performance. Stock Chart Icon Stock chart icon Cracker Barrel's year-to-date stock performance. Stock Chart Icon Stock chart icon Insmed's year-to-date stock performance.
Persons: They've, Ingersoll, Ingersoll Rand, Jim Cramer's Organizations: Forward
It's a more aggressive approach than many investors employ, because being a short seller is infinitely more risky than buying shares. But when you short, the potential loss is unlimited because there's no guarantee a stock's price will fall; it could instead rally to extreme highs. These variables include low institutional ownership, low cash reserves, and market caps smaller than $250 million, among other characteristics that could signal a vulnerable stock. Uber (UBER) is another stock he really likes, although he allocates less toward it because it's a newer company. But everywhere I go, there's Uber.
Persons: David Capablanca, Capablanca, there's Uber Organizations: Service, Business, Trust, Nasdaq, Capablanca, Apple Locations: Argentina, Galapagos, Columbia, Italy, India
It's been a near-frictionless seven months for the S&P 500, with the benchmark index up a cool 26% since late October. While earnings were just fine in the first quarter, if they start to decline alongside a slowing economy, stocks will go with them. He sees the S&P 500 declining by more than 50% when all is said and done. The current inversion of 580 days implies a drop of around 65% for the S&P 500. Those fears have since dissipated, and the S&P 500 has rallied 47% since October 2022.
Persons: It's, Jon Wolfenbarger, Merrill Lynch, BullAndBearProfits.com Wolfenbarger, Wolfenbarger, Bullandbearprofits.com Wolfenbarger, Jeremy Grantham, Marko Kolanovic, Albert Edwards Organizations: Service, JPMorgan, Fed, OVOM
The S & P 500 is a mere 1.2% from its all-time high, yet only 60% of its member stocks are up for the year and just over 40% last week were above their 50-day moving average. .SPX YTD mountain S & P 500, 1-year We seem to undergo one of these periods of decrying a lack of market breadth every few months in recent years. Bespoke Investment Group last week looked at the small number of past instances when the S & P 500 was so close to a record yet most stocks were beneath a 50-day average. The 100-day correlation between the S & P 500 and the Dow Jones Industrial Average has hit its lowest level since the dot-com bust of the early 2000s, according to CNBC's Data & Analytics group. The S & P 500 at the highs hit 21-times forward earnings, and we've spent very little time above that outside the pandemic melt-up and the tech boom/bust a quarter-century ago.
Persons: Warren Pies, Dow, Scott Chronert, we've Organizations: Investment, 3Fourteen, Nvidia, Treasury, Microsoft, Apple, Dow Jones, Dell Technologies, Citi, UBS Locations: Banks
Alongside footage of the incident filmed by a fan who attended the band's performance in Seville, Spain, on Wednesday (May 29), Momsen spoke about the "rock and roll moment." Advertisement"He was cute, but yes, he bit me," Momsen added, explaining that she now requires "rabies shots for the next two weeks." Momsen and her band are opening for AC/DC on their "Power Up" tour. As shown in the video of the incident, Momsen was initially unaware that the bat was clinging to her leg. Momsen and the band continued their performance at Estadio La Cartuja in Seville, Spain without any more interruptions after the bat flew away.
Persons: , Ozzy Osbourne, Taylor Momsen, Jenny Humphrey, Momsen Organizations: Service, Business, BAT Locations: Seville, Spain
Institutional options traders frequently refer to "buying" or "selling" volatility, but what does this mean? These allow investors to trade future realized volatility against current implied volatility. A buyer of a variance swap pays the "implied volatility" - consider this to be the market's current expectation for future volatility over some predetermined period, in return for receiving the "realized volatility". A variance swap buyer will profit if realized volatility exceeds implied volatility, and a seller will profit if implied volatility exceeds realized. The first is that a VIX future is not as reactive to changes in the VIX Index as one might expect.
Persons: Goldman Sachs, Goldman, I'm, I've Organizations: Snowflake Inc, Cloud Locations: Snowflake, The Bozeman , Montana, San Francisco
Doug Ingle, the Voice of Iron Butterfly, Is Dead at 78
  + stars: | 2024-05-31 | by ( Alex Williams | ) www.nytimes.com   time to read: +1 min
Doug Ingle, the lead singer and organist of Iron Butterfly, the band that turned a purportedly misheard lyric into “In-A-Gadda-Da-Vida,” the 17-minute magnum opus that propelled acid rock into the outer reaches of excess in the late 1960s, died on May 24. His death was confirmed in a social media post by his son Doug Ingle Jr The post did not say where he died or specify a cause. Mr. Ingle was the last surviving member of the classic lineup of Iron Butterfly, the pioneering hard rock act he helped found in 1966. The band released its first three albums within a year, starting with “Heavy” in early 1968, and, after a lineup shuffle, cemented its place in rock lore with its second album, “In-A-Gadda-Da-Vida,” released that July. A radio version of the title song, whittled to under three minutes, made it to No.
Persons: Doug Ingle, Ingle, , , Vida ”
This story is available exclusively to Business Insider subscribers. But the dread was affecting my mental health and the pregnancy as a whole. Related storiesSo, at around five months pregnant, I was assessed by a perinatal mental health team from the National Health Service (NHS.) Courtesy of Jemma SmithI told the mental health counselor that I saw childbirth as a giant mountain. AdvertisementDo you have a powerful story about a health condition that you'd like to share with Business Insider?
Persons: , Jemma Smith, we'd, I'd, tokophobia, Smith, She'd Organizations: Service, Business, National Health Service
Chart of the Day: Gap
  + stars: | 2024-05-31 | 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: GapGap up on strong guidance. The Investment Committee discuss the retail trade.
Cramer's Lightning Round: Beyond Meat is 'too risky'
  + stars: | 2024-05-30 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Riot Platforms' year-to-date stock performance. Stock Chart Icon Stock chart icon KLA's year-to-date stock performance. Stock Chart Icon Stock chart icon Beyond Meat's year-to-date stock performance. Stock Chart Icon Stock chart icon Advanced Micro Devices' year-to-date stock performance. Stock Chart Icon Stock chart icon Warby Parker's year-to-date stock performance.
Persons: we're, Warby, Warby Parker, Jim Cramer's Organizations: Devices, AMD, Nvidia
What do the charts say after this sudden 20% drop in price? After making a new all-time high of around $318 in early March, Salesforce demonstrated choppy, sideways price action into mid-April. A gap lower in price pushed CRM below its 50-day moving average, which often serves as an early warning sign of an impending trend change. From mid-April until this week, Salesforce has again settled into a sideways price range, this time between $268 and $290. While CRM was in a somewhat precarious position leading into this week, the gap lower post-earnings represented a sudden revaluation for this former technology leader.
Persons: Let's, Salesforce, we'd, it's, David Keller Organizations: CRM, CMT
"With yields holding firm at elevated levels , large caps continue to outperform small caps. Hopes for multiple rate cuts from the Federal Reserve this year have dimmed after recent inflation readings showed signs of stickiness. An economy that is growing more slowly, but with cooler inflation, could be the combination small caps need. Small caps could also benefit from an uptick in the global economy that benefits areas like manufacturing that has heavy representation in the small-cap index. Investors who really want exposure to small caps could also look outside of the U.S. Wolfe Research analyst Rob Ginsberg said in a May 29 note to clients that global small caps are outperforming their U.S. counterparts and are poised for a potential breakout.
Persons: Russell, Todd Sohn, JC O'Hara, Roth MKM, Chad Miller, you've, Miller, Cayla, Seder, Mark Haefele, Solita, Angelo Kourkafas, Edward Jones, Rob Ginsberg, — CNBC's Michael Bloom Organizations: CNBC, ESG, Silicon Valley Bank, Federal Reserve, Big Tech, Companies, UBS, Institute, Supply, PMI, Investors, U.S . Wolfe Research Locations: Thrivent, Silicon
CNN —As we near the end of Asian American, Native Hawaiian and Pacific Islander (AANHPI) Heritage Month, I can’t help but feel a bit disappointed. Regina Kim Courtesy Regina KimBut too often, efforts to honor the contributions of Asian Americans, however well-intentioned, fall short because people fail to differentiate between Asian Americans and Asian communities outside the US. A recent study by the Asian American Foundation found that over half of Americans can’t name a single famous Asian American. This may be one reason why so many Americans can’t name any Asian Americans of note. The media needs to make a conscientious effort to seek out, identify and spotlight Asian Americans — and not just during AANHPI Heritage Month.
Persons: Regina Kim, Peggy Gou —, AAPI, , Mark Tuan, Audrey Nuna Michael Hickey, Laufey, who’ve, Daniel Anderson, Peggy Gou, Ali Wong Elyse Jankowski, Kat Turner, Sun, ” Turner, Steven Yeun Gregg DeGuire, wasn’t, Jackie Chan, Michelle Yeoh, Lulu Wang Michael Kovac, Mindy Kaling, Kevin Mazur, Lee Jung, jae, ” Oscar, Bong Joon Ho, Lulu Wang, , , Steven Yeun, Bruno Mars, Olivia Rodrigo, Sarah Kinsley, Lyn Lapid, Audrey Nuna Organizations: Forbes, CNN, Billboard, AAPI, American, AANHPI, America, South, Korean, Asian American Foundation, Globe, Twitter, Facebook Locations: Hawaiian, American, , Korean, Europe, America, Asia, Icelandic, South Korean, Hong Kong, Malaysian, keshi
Editor’s Note: This story contains graphic and disturbing descriptions of sexual violence. Everywhere that Russian troops were located, we’re seeing cases of sexual violence and gender-based violence. But the real scale of sexual violence committed during the war may never come to light. Ukrainian officials say that it is difficult, but not impossible, to track down individual perpetrators of sexual violence crimes. Some survivors of sexual violence committed by the Bosnian Serb army during the Bosnian war in the early 1990s are only now coming forward.
Persons: Roman Shapovalenko, , , Shapovalenko, , , , Chris McGrath, Anna Sosonska, Sosonska, , ’ Roman Chernenko, Chernenko, , ” Sosonska, Anna Mykytenko, ” Mykytenko, Mykytenko, Ukraine –, Vladimir Putin, Aleksey Smagin, Aleksandr Naumenko, Naumenko, – Oleksandr Chilengirov, Dmitry Laikov, Oleksii, ” Andrii, Andrii, Anna Voitenko, Putin, Russia’s, Maria Lvova, Oleksii Sivak, Sivak, ’ ”, ‘ we’re, ” Sivak Organizations: Kyiv CNN —, Russia’s Federal Security Service, Russian, CNN, Getty, United Nations Security, Ukraine’s, GRU, Russian Federal Penitentiary Service, Russia’s Ministry of Defense, Interior Ministry, National Guard, Kyodo, Criminal Court, ICC, UN, Global Rights, European Union, Ministry of Defense, Luhansk People’s Republics, Rosgvardia, Ukrainian, FSB’s Department, Defense, Constitutional, Terrorism, International Court of Justice, Kremlin Locations: Kyiv, Ukrainian, Kherson, Russia, Ukraine, Snihurivka, Moscow, Donetsk, Zaporizhzhia, Kharkiv, Crimea, Olenivka, Mariupol, Russian, Geneva, Rome, United States, United Kingdom, Luhansk, Russia’s Rostov, Nova Kakhovka, , Bosnian
This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Separately, the stock market will also deliver its verdict when markets open on Monday. Nervousness among investors over the results has meant that the India VIX index, the market's so-called fear gauge, has shot up by more than 135% since its April lows. However, some equity strategists point out that even a landslide victory for Modi's BJP could potentially sour the stock market. Meanwhile, Gautam Chhaochharia, head of global markets for India at UBS, said foreign investors are in a "wait and watch mode" ahead of India's election results despite economic fundamentals looking "very, very strong."
Persons: Narendra Modi's, Modi, Bradley Saunders, Saunders, Venugopal Garre, , Garre, Fitch, SRH, Mark Mobius, Gautam Chhaochharia Organizations: Bloomberg, Getty, BJP, Traders, " Bank of America, Capital Economics, Modi's BJP, , Reuters, Kolkata Knight Riders, IPL, Sunrisers, Knight Riders, CNBC, UBS Locations: Delhi, India, Kolkata, Sunrisers Hyderabad
Here's our breakdown of Dead & Company's 2024 Las Vegas residency schedule, purchasing details, and price comparisons for original and resale tickets. Dead & Company 2024 tour scheduleThe 2024 Las Vegas Sphere residency for Dead & Company includes 24 shows between May 16 and July 13. Date City Vivid Seats prices StubHub prices Time May 30, 2024 Las Vegas, Nevada $83 $87 7:30 p.m. May 31, 2024 Las Vegas, Nevada $90 $87 7:30 p.m. June 1, 2024 Las Vegas, Nevada $114 $118 7:30 p.m. June 6, 2024 Las Vegas, Nevada $143 $146 7:30 p.m. June 7, 2024 Las Vegas, Nevada $126 $126 7:30 p.m. June 8, 2024 Las Vegas, Nevada $170 $166 7:30 p.m. June 13, 2024 Las Vegas, Nevada $122 $130 7:30 p.m. June 14, 2024 Las Vegas, Nevada $128 $135 7:30 p.m. June 15, 2024 Las Vegas, Nevada $141 $145 7:30 p.m. June 20, 2024 Las Vegas, Nevada $126 $136 7:30 p.m. June 21, 2024 Las Vegas, Nevada $144 $157 7:30 p.m. June 22, 2024 Las Vegas, Nevada $148 $152 7:30 p.m. July 4, 2024 Las Vegas, Nevada $117 $119 8:00 p.m. July 5, 2024 Las Vegas, Nevada $99 $103 7:30 p.m. July 6, 2024 Las Vegas, Nevada $95 $97 7:30 p.m. July 11, 2024 Las Vegas, Nevada $121 $130 7:30 p.m. July 12, 2024 Las Vegas, Nevada $130 $136 7:30 p.m. July 13, 2024 Las Vegas, Nevada $183 $188 7:30 p.m. How to buy tickets for Dead & Company's 2024 concert tourYou can buy original tickets to Dead & Company's 2024 tour at Las Vegas' Sphere on Ticketmaster. With Dead & Company's Sphere Las Vegas residency concluding on July 13, it's possible that additional tour dates could be added elsewhere later in the year.
Persons: Bob Weir, Mickey Hart, John Mayer, Oteil Burbridge, Jeff Chimenti, Jay Lane, We've Organizations: Business, Dead & Company, Company, Ticketmaster, Dead & Locations: Las Vegas, Vegas, Vegas , Nevada
A small group of stocks are on the verge of forming a worrisome chart pattern known as a "death cross ." A death cross occurs when a stock's 50-day moving average falls below its 200-day average. Baxter International Stock in medical equipment maker Baxter International is also on the verge of a death cross. Other stocks nearing a death cross chart pattern include Illinois Tool Works and Abbott Laboratories . While the golden cross suggests a potential uptrend, ITW is now approaching the bearish death cross chart pattern only five months later.
Persons: Goldman Sachs, Bonnie Herzog, Clorox, TD Cowen, Joshua Jennings, Baxter, Jennings, Abbott's Organizations: Nasdaq, CNBC, Baxter International Stock, Baxter, Abbott Laboratories ., Tool, Abbott Laboratories, U.S . Food, Drug Administration Locations: Hillrom, Illinois, U.S
However, investors can boost their performance when accounting for reinvesting dividends. The stock has a dividend yield of 4.2%, which is just a snapshot of how much it pays currently. The stock has a dividend yield of 3.1%. If you're a long-term investor, you're dollar-cost averaging," she said. Names on her radar these days include Amgen , which is yielding about 3%, and Southern Copper , which has a dividend yield of 3.2%.
Persons: Goldman Sachs, Dow, it's, Kim Abmeyer, Abmeyer, — CNBC's Chris Hayes Organizations: Dow Jones, UnitedHealth, Microsoft, Abmeyer Wealth Management, Dow, CNBC Pro, Chevron, Pfizer Locations: Wednesday's, Dallas, Chevron
There will be no French fries for the 15,000 athletes at the Olympic Games that open in France in July. Yes, you read that right. In what is being called the biggest restaurant in the world — a 700-foot-long former electrical power plant at the heart of the Olympic Village — there will be no foie gras, either, but vegetarian hot dogs and quinoa muesli will abound. This is a far cry from the classic French cuisine of elaborate sauces and “enough melted butter to thrombose a regiment,” as A.J. Liebling once described a dish.
Persons: Stéphane Chicheri, Charles Guilloy, Liebling Organizations: Olympic Games, Olympics Locations: France
The most common symptom of colon cancer in younger adults is rectal bleeding, a study found. Rates of colon cancer in people under 55 have risen significantly since the mid-1990s. AdvertisementRectal bleeding, abdominal pain, and changes in bowel habits were identified as the most common symptoms of colon cancer in younger adults in a new study. The disease is affecting more and more younger adults, as rates of colon cancer in people under 55 have risen significantly since the mid-1990s. The rate of colon cancer for people in that age group increased by about 70% from 1999 to 2020, according to Centers for Disease Control data.
Persons: Organizations: Service, American Cancer Society, for Disease, Business
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