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☆ Opening Bell: May 7, 2024
▼ + stars: | 2024-05-07 | 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 EmailOpening Bell: May 7, 2024Watch the opening bell for the New York Stock Exchange and the Nasdaq from May 7, 2024

Organizations: New York Stock Exchange, Nasdaq

☆ Shell and TotalEnergies listings: Europe risks losing its biggest oil companies to America
▼ + stars: | 2024-05-07 | by ( Anna Cooban | Hanna Ziady | ) edition.cnn.com time to read: +5 min

London CNN —Two of Europe’s biggest oil companies, Shell and TotalEnergies, are considering abandoning their stock exchanges for Wall Street in a move that would deal a hammer blow to London and Paris. Shares of TotalEnergies and Shell trade on a price-to-cash flow ratio of 4.7 and 5.2 respectively, compared with a ratio of 8.4 for Exxon Mobil (XOM) and 7.6 for Chevron (CVX). Alastair Syme, managing director of global energy equity research at Citi, says Shell and TotalEnergies have long traded at a discount. Investors would “be much more comfortable” buying European energy companies if they were part of the more valuable S&P 500 benchmark index of US equities, according to Syme. London languishesStill, the slightest hint that Shell may consider leaving London will have rattled the city’s beleaguered main stock exchange.

Persons: Britain’s Shell, France’s, Alastair Syme, Syme, Patrick Pouyanne, “, ”, Wael Sawan, Sawan, London languishes, Chris Beauchamp, Shell, TotalEnergies, New York “ would’ve, ” Lindsey Stewart, Ben van Beurden, ” Syme Organizations: London CNN, Shell, CAC, Exxon Mobil, Chevron, Citi, CNN, Investors, Bloomberg, London Stock Exchange, Nasdaq, BP, Morningstar, Financial, Commodities Locations: London, Paris, New York, Chevron, Europe, United States, Switzerland, “

☆ New York tops the list of the 50 richest cities in the world
▼ + stars: | 2024-05-07 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

New York's millionaire population is now larger than the entire populations of Orlando or Pittsburgh. The Bay Area's millionaire population has surged by 82% over the past decade, to 305,700. The U.S. is home to 11 of top 50 richest cities, according to the report. "Notably, U.S. cities have significantly outperformed other western cities over the past decade when its comes to overall wealth and millionaire growth." Here is the full ranking of the world's richest cities, according to Henley & Partners and New World Wealth:1.

Persons: Andrew Amoils, Amoils, Juerg Steffen, Robert Frank Organizations: Henley & Partners, Area, Federal Reserve, Research, New, London, Sydney Locations: York, California, Orlando, Pittsburgh . New York, Brazil, Italy, Canada, San Francisco, U.S, Tokyo, London, China, Beijing, Singapore, Los Angeles, New York, Area, France, Hong Kong

☆ Oddity Tech says it's bucking the beauty slowdown Ulta warned about
▼ + stars: | 2024-05-07 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

As Ulta Beauty says it expects a slowdown in retail's most resilient category, an upstart says it is bucking the trend. Excluding one-time items, Oddity reported earnings of 61 cents per share. Analysts had expected revenue of $186.5 million and earnings per share of 56 cents, according to LSEG. Oddity believes beauty and wellness products are best sold online, and that consumers will not need to visit beauty shops such as Ulta and Sephora if product selection can be improved. Last month, Ulta Beauty CEO Dave Kimbell warned that demand for beauty products was cooling, sending its stock down 15% that day and hitting shares of e.l.f.

Persons: Dave Kimbell, Estée Lauder, Coty, Kimbell, JPMorgan Chase, Lindsay Drucker Mann, Drucker Mann Organizations: LSEG, Nasdaq, JPMorgan, CNBC

☆ Dow futures are little changed after index notches longest winning streak since December: Live updates
▼ + stars: | 2024-05-07 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Dow Jones Industrial Average futures sat near flat Tuesday night after the blue-chip average clinched its longest winning streak since December. S&P 500 futures and Nasdaq 100 futures also both traded near flat. The Dow ticked higher by nearly 0.1% and posted its fifth positive session, which marks its longest winning run going back to December. The S&P 500 also inched up by about 0.1%, while the Nasdaq Composite slipped 0.1%. Nearly 85% of S&P 500 corporations have already shared quarterly results this earnings season.

Persons: Reddit, Dow, Adam Crisafulli, Uber, Philip Jefferson, Susan Collins, Lisa Cook Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Wynn Resorts, Treasury, Disney, Vital, AMC, Traders, Federal, Boston

☆ Disney's earnings sell-off opens the door to buy back stock we sold higher
▼ + stars: | 2024-05-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. That trust had been shaken by Palo Alto's brutal report in February, which caused a steep sell-off in the stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Morgan Stanley, It's, Jeff Marks, we're, Palo, We've, Jim Cramer's, Nikesh Arora, Jim Organizations: CNBC, Dow, Nasdaq, Costco, Disney, Barclays, Palo Alto Networks Locations: Government, Palo Alto

☆ SEC Chair Gensler dodges Trump Media campaign finance questions
▼ + stars: | 2024-05-07 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Securities and Exchange Commission Chair Gary Gensler on Tuesday refused to comment on speculation of whether Trump Media is a funding organ for Donald Trump's presidential campaign. "What's important is that their disclosures are accurate and that folks aren't in the market front-running or trading on insider information." As the majority shareholder, Trump stands to gain the largest financial boost from DJT upswings. On Friday, Trump's stake added 36 million more shares to his existing 78.8 million, due to a clause in the company's contract that unlocks bonus shares as the stock hits certain checkpoints. Given that bump, Trump's stake had a paper value of over $5 billion at Tuesday's market open.

Persons: Gary Gensler, Donald Trump's, I'm, Gensler, Trump, upswings, Trump's Organizations: Securities, Exchange, Trump Media, Nasdaq, Trump

☆ JPMorgan says the market is about to get tricky, buy utilities and staples stocks starting to outperform
▼ + stars: | 2024-05-07 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Strategist Mislav Matejka said equities are coming up against a seasonally weak period and advised investors buy traditionally defensive stocks such as utilities and staples. "The latest market move to a more Defensive trading should have legs, such as recent outperformance of Utilities and Staples." "We continue to believe that will happen irrespective of bond yields direction from here, alongside a more positive performance of commodity sectors - Energy and Mining," he said. XLU 1M mountain Utilities Select Sector SPDR Fund (XLU) Utilities have outperformed quarter to date, while most other sectors have shown weakness. The Utilities Select Sector SPDR Fund (XLU) advanced 4.7% this quarter, making it top performing sector in the S & P 500.

Persons: Mislav Matejka Organizations: JPMorgan, Stocks, Dow Jones, Nasdaq, Utilities, Staples, Energy, Mining, NRG Energy, NextEra Energy, Communication

☆ Opening Bell: May 6, 2024
▼ + stars: | 2024-05-06 | 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 EmailOpening Bell: May 6, 2024Watch the opening bell for the New York Stock Exchange and the Nasdaq from May 6, 2024

Organizations: New York Stock Exchange, Nasdaq

☆ Relief rally is 'questionable at best' and stocks to finish year lower from here, says Piper Sandler
▼ + stars: | 2024-05-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

"This relief rally in equities is questionable at best," wrote chief market technician Craig Johnson. .SPX YTD mountain S & P 500 this year Year to date, the S & P 500 is up more than 8%, with the low end of the firm's range suggesting the benchmark could fall 10% from Friday's close. When an asset breaks above its 50-day moving average, it is seen as a sign of strong momentum. The S & P 500 on Monday rose, breaking above its 50-day moving average. The Nasdaq is also trading above its 50-day average.

Persons: Piper Sandler, Craig Johnson, Stocks Organizations: Dow, Nasdaq Locations: Friday's, U.S

☆ Stock futures are little changed after Dow posts four-day win streak: Live updates
▼ + stars: | 2024-05-06 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 25, 2024. U.S. stock futures flickered near the flatline Monday evening after the Dow Jones Industrial Average wrapped its fourth positive day in a row. Dow futures inched higher by just 8 points, or 0.02%. S&P 500 futures ticked up 0.01%, while Nasdaq 100 futures slipped 0.03%. Investors carried over their bullish market sentiment from Friday, when the latest nonfarm payrolls data showed that job growth came in below expectations in April and unemployment ticked higher.

Persons: Rob Haworth, Haworth, Johnson Organizations: New York Stock Exchange, Dow Jones, Dow, Nasdaq, Federal Reserve, U.S . Bank, Disney, UBS, Johnson Locations: New York City, U.S, Swiss

☆ What we're looking for when Disney posts quarterly earnings on Tuesday morning
▼ + stars: | 2024-05-06 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Howard Schultz, Howard, Jim, Walt, Jim Cramer's Organizations: CNBC, Dow, Nasdaq, Federal, Starbucks, Management, Walt Disney, Deutsche Bank, Loop Capital, Disney

☆ 5 things to know before the stock market Monday, May 6
▼ + stars: | 2024-05-06 | by ( Michele Luhn | ) www.cnbc.com time to read: +3 min

Feeling optimisticStock futures were higher Monday after ending last week on a positive note in light of a weaker-than-expected jobs report. Last week, the Dow and Nasdaq rose 1.1% and 1.4%, respectively, while the S&P 500 added 0.5%. Buffett's back, all rightWarren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. During the meeting, Buffett also fielded questions from shareholders, opined on the future of artificial intelligence and praised Fed Chair Jerome Powell for his work steering the economy. Final verdictCombination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance.

Persons: Joseph Prezioso, Warren Buffett, Charlie Munger, Buffett, Greg Abel, Jerome Powell, Sam Bankman, Zhao Changpeng, Mike Segar, Benjamin Girette, Changpeng Zhao, Zhao, Justin Sullivan Organizations: Dow, Nasdaq, Traders, Federal Reserve, Disney, Anadolu Agency, Getty, Berkshire, CNBC, Oracle, Berkshire Hathaway's, Paramount, Reuters, Bloomberg Locations: Omaha , Nebraska, Omaha, San Rafael , California

☆ Wall Street Cruel Summer: Stock Market Crash, Inflation Ends Vacation
▼ + stars: | 2024-05-05 | by ( Linette Lopez | ) www.businessinsider.com time to read: +12 min

Inflation canceled that, and now it's almost certain that Wall Street's summer is canceled, too. That means Wall Street's fantasies of decamping to the Hamptons for the summer have shattered. You can see why this tug-of-war will keep Wall Street on its toes and off Georgica Beach. There is a certain set on Wall Street that does not get to "rosé all day" on Hamptons summer water when currencies trade that way. The simplicity that Wall Street hoped for is one of the few options that's no longer on the table.

Persons: —, Justin Simon, decamping, Jerome Powell, opportunistically, Jamie Dimon, Torsten Slok, Slok, Powell, we'd, David Lefkowitz, dory, McDonald's, Silas Myers, Wall, Zuck, Simon, they're, it's Organizations: Federal Reserve, Jasper Capital, Nasdaq, Hamptons, JPMorgan, Fed, Pepsi, Mar Vista Investments, Wall, Nvidia, Tesla, Microsoft, Meta, Apple, EU Locations: Georgica, Japan

☆ Stock futures inch higher Sunday after weaker-than-expected jobs report left investors looking up: Live updates
▼ + stars: | 2024-05-05 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Dow Jones Industrial Average futures rose 66 points, or around 0.2%. Last week, the Dow and Nasdaq gained 1.1% and 1.4% each, while the S&P 500 gained 0.5%. But the April jobs report helps clear a path to that destination," said Comerica Bank chief economist Bill Adams. While the peak of the first-quarter earnings season has passed, investors are still watching key companies set to report this week, including Dow member Disney on Tuesday and Uber on Wednesday. On the economic front, Richmond Fed president Tom Barkin and New York Fed president John Williams are both scheduled to speak on Monday.

Persons: Dow, Bill Adams, Warren Buffett's Berkshire Hathaway, Uber, Emmanuel Cau, Tom Barkin, John Williams Organizations: New York Stock Exchange, U.S ., Federal Reserve, Dow Jones Industrial, Nasdaq, Dow, Traders, Comerica Bank, Apple, Disney, Barclays, Richmond Fed, New York Fed Locations: New York City, U.S, U.S . U.S

☆ Apple just unveiled a $110 billion buyback plan. Here's why that doesn't make the stock a sure winner
▼ + stars: | 2024-05-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Shares of Apple surged 6% on Friday as investors cheered better-than-expected fiscal second-quarter results and the announcement of the biggest stock buyback program in U.S. corporate history. In theory, Apple's $110 billion stock buyback program should provide a boost to its share price. However, recent history shows that spending billions on share repurchases isn't guaranteed to make the stock a runaway winner. So they've been retiring these shares," Nathan said. AAPL YTD mountain Shares of Apple are still down year to date despite Friday's bounce.

Persons: Dan Nathan, they've, Nathan, hasn't, They've, Apple isn't Organizations: Apple, RiskReversal Advisors, CNBC, Big Tech, Nasdaq, Mobile

Stock futures soared higher on Friday morning after new data showed that US job growth slowed considerably last month. The US added just 175,000 new jobs in April, according to Bureau of Labor Statistics data released Friday. That's far below economists expectations for 235,000 jobs and the 315,000 jobs added in March. A still-robust job market means the central bank could continue to keep rates elevated without fear of sending the economy into a recession. If the labor market weakens, the Fed is more likely to consider a rate cut.

Persons: That's Organizations: Dow, Nasdaq, of Labor Statistics, Wall Street, Federal Reserve

☆ Stock market today: US stocks end the week higher after solid earnings and Goldilocks jobs report
▼ + stars: | 2024-05-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Solid earnings results and a weaker-than-expected April jobs report helped push stock prices higher. "The case for rate cuts got a little stronger today. AdvertisementUS stocks surged on Friday after a solid Apple earnings report and a weaker-than-expected April jobs report, which increased the chances of an interest rate cut from the Federal Reserve later this year. The case for rate cuts got a little stronger today. AdvertisementAlso helping boost stocks Friday was Apple, which surged about 7% after it reported a better-than-feared second-quarter earnings report.

Persons: TradeStation's David Russell, —, David Russell Organizations: Nasdaq, Service, Federal Reserve, Business, Apple

☆ Interest rates and the AI-fueled rally remain top of mind for stock investors in the week ahead
▼ + stars: | 2024-05-03 | by ( Alex Harring | ) www.cnbc.com time to read: +9 min

The Fed and economic policy were top of mind this week given the central bank's Wednesday decision to yet again leave interest rates unchanged , as it has since last summer. This week included the conclusion of April's trading month, which marked the first down month of the year for all three major market averages. Indeed, some recent earnings reports have raised doubts about the economy, with brands from McDonald's and Starbucks evidencing signs of strain among consumers. While no new inflation numbers are scheduled for release next week, investors will see reports on March wholesale inventories, March consumer credit and May consumer sentiment from the University of Michigan. AI trade Though interest rates took center stage this week, investors also continued monitoring companies tied to the artificial intelligence boom amid the stocks' recent choppiness.

Persons: they're, Jerome Powell, Larry Tentarelli, David Donabedian, Sam Stovall, There's, Stovall, Tom Hainlin, Tentarelli, CFRA's Stovall, Lyft, Cabot, Aramark, Tempur Sealy, Nikola, Walt Disney, Sally Beauty, Warby Parker, Krispy Kreme, Papa John's Organizations: Federal Reserve, Treasury, Nasdaq, Dow Jones, CIBC Private Wealth, Dow, CFRA, Citigroup, Bank of America, U.S, Bank Wealth Management, University of Michigan, Nvidia, Disney, Spirit Airlines, Tyson Foods, Pharmaceuticals, Lucid, Palantir Technologies, Simon Property, Tech, Lab, Goodyear Tire, Noble Corp, Vornado Realty, Coty, BellRing, Consumer, UBS, BP, Nintendo, Bloomin, Duke Energy, Rockwell Automation, Ferrari, NRG Energy, Electronic Arts, Cirrus, Adaptive Biotech, Arista Networks, Dutch Bros, Holdings, Virgin Galactic, IAC, Rivian Automotive, Brighthouse, Occidental Petroleum, Assurant, Kinross Gold, Labs, Diamond, Reddit, Anheuser, Busch InBev, Embraer, Health, United Parks & Resorts, Emerson Electric, Brookfield , New York Times, Food, Reynolds Consumer Products, Teva Pharma, Uber Technologies, Dine Brands, Liberty Broadband, Fox Corp, Cushman &, Liberty Media, Arm Holdings, Kodiak Gas Services, Solaredge Technologies, AMC Entertainment, Cheesecake, News Corp, Toyota Motors, Fair, US Foods, Hyatt Hotels, Warner Bros, Hilton, Warner Music Group, Unity Software, Insurance, Gen, Honda, AMC Networks Locations: Central, McDonald's, Expeditors, Occidental, Angi, Brookfield , New, Ambev, Cushman & Wakefield, Michigan

☆ Jim Cramer says Alphabet is a buy and the most undervalued large tech stock
▼ + stars: | 2024-05-03 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Jim Cramer suggested some of Apple's AI commentary Thursday night could be a factor in the Google parent's stock move. We continue to believe the market is underappreciating Coterra's ability to pullback production in natural gas in favor of oil. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, That's, Jim, Tom Jorden, Jorden, Nelson Peltz, Peltz, Jim Cramer's Organizations: CNBC, Apple, Conference, Nasdaq, Google, Federal Reserve, Institute for Supply, Coterra Energy, Diamondback Energy, Cinco, Cinco de Mayo, Constellation Brands, Corona, Modelo, Disney, Jim Cramer's Charitable Locations: U.S, Cinco de

☆ Markets jump higher after softer-than-expected jobs report fuels hopes of an earlier rate cut
▼ + stars: | 2024-05-03 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +2 min

The unemployment rate ticked higher as well, to 3.9% from 3.8% the month before. That’s because the Federal Reserve is working to slow the economy by hiking interest rates — the only tool it has to fight inflation. A still-robust job market means the central bank could continue to keep rates elevated without fear of sending the economy into a recession. If the labor market weakens, the Fed is more likely to consider a rate cut. “We’re also prepared to respond to an unexpected weakening in the labor market,” he said.

Persons: Dow, “, ”, Matt Peron, Janus Henderson, They’re, Jerome Powell, “ We’re Organizations: New, New York CNN, Nasdaq, of Labor Statistics, Wall, Federal Reserve, Janus, Janus Henderson Investors, ”, Treasury, Apple Locations: New York

☆ Opening Bell: May 3, 2024
▼ + stars: | 2024-05-03 | 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 EmailOpening Bell: May 3, 2024Watch the opening bell for the New York Stock Exchange and the Nasdaq from May 3, 2024

Organizations: New York Stock Exchange, Nasdaq

☆ Opening Bell: May 2, 2024
▼ + stars: | 2024-05-02 | 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 EmailOpening Bell: May 2, 2024Watch the opening bell for the New York Stock Exchange and the Nasdaq from May 2, 2024

Organizations: New York Stock Exchange, Nasdaq

☆ Stock market today: Indexes edge up after Fed and as trader eye Apple earnings
▼ + stars: | 2024-05-02 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

US stocks rose Thursday after the Fed meeting and as investors eyed Apple earnings. Expectations heading into Apple earnings are mixed, with analysts seeing a tough period for the iPhone maker. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks rose Thursday morning following Wednesday's Federal Reserve meeting and as traders geared up for Apple earnings after the closing bell. Expectations are for the tech firm to report revenue of $90.33 billion and earnings per share $1.50.

Persons: —, Jerome Powell, Powell Organizations: Apple, Service, Reserve, Labor Department, Dow, Nasdaq

☆ Stock futures rise after Apple reports, traders look to April payrolls data: Live updates
▼ + stars: | 2024-05-02 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Futures tied to the Dow Jones Industrial Average gained 212 points, or 0.55%. S&P 500 futures rose nearly 0.3%, while Nasdaq 100 futures advanced about 0.5%. In extended trading, Apple advanced more than 6% after it announced a $110 billion share repurchase and a top -and bottom-line beat. The S&P 500 popped 0.91%, while the Dow gained 0.85%. The S&P 500 is off by 0.7% week to date, while the Nasdaq is down nearly 0.6%.

Persons: Cloudflare, Dow, Jerome Powell, Sonu Varghese, payrolls, Dow Jones Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Apple, Biotech Amgen, Dow, Carson Group Locations: New York City, U.S

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