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☆ Stocks making the biggest moves midday: Sunrun, U.S. Bancorp, Alphabet, AT&T and more
▼ + stars: | 2023-01-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Sunrun — The solar company dropped 8.6% after being downgraded to equal weight from overweight by Barclays, which cited a potential slowdown in solar demand. Alphabet — Shares shed 3.3% in midday trading, a day after the Justice Department filed a second antitrust lawsuit against Google. Enphase Energy — The solar stock fell 5.3% after Piper Sandler downgraded it to neutral from buy. U.S. Bancorp — The stock gained 5.7% after U.S. Bancorp reported fourth quarter earnings of $1.20, excluding items, versus the $1.12 expected by StreetAccount. NextEra Energy — The stock dropped 6.1% after the alternative energy company reported revenue for the fourth quarter that missed expectations.

☆ Stocks making the biggest moves premarket: Boeing, News Corp, AT&T, Microsoft and more
▼ + stars: | 2023-01-25 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Boeing – Boeing's stock dropped about 1.7% premarket after the aircraft maker posted earnings and revenue that missed expectations, despite a demand recovery. Microsoft — Microsoft shares declined by nearly 3% after the software giant shared a dismal revenue forecast for the current quarter. The tech bellwether topped earnings expectations but said new business growth slowed in December, including within its Azure segment. Sunrun , SunPower — The solar companies both fell more than 3% after being downgraded by Barclays due to a potential slowdown in solar demand. Intuitive Surgical – The maker of robotic surgical systems suffered a 9% drop after the company reported fourth-quarter earning and revenue that fell just short of expectations.

☆ Coinbase shares to get cut nearly in half as retail traders shun crypto, Mizuho predicts
▼ + stars: | 2023-01-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Bitcoin is up almost 40% since the beginning of the month and new year, but retail traders are still sitting on the sidelines, according to Mizuho. Mizuho polled more than 170 Coinbase retail customers and asked about their trading behavior in December and January. "Retail trading is COIN's bread and butter, as it accounted for 83% of total revenue in 2021," Mizuho analyst Dan Dolev said in the note. Mizuho reiterated its underperform rating on Coinbase and said it sees potential downside of about 45% for the shares. We found that COIN's share of combined volumes during the rally (e.g.

☆ D.C. appeals court expedites oral arguments in Grayscale lawsuit against SEC
▼ + stars: | 2023-01-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The SEC on Wednesday rejected Grayscale's application for a spot bitcoin ETF, citing a failure by the investment manager to answer questions about concerns around market manipulation. The District of Columbia Court of Appeals has scheduled a date to hear oral arguments in Grayscale's lawsuit contesting the Securities and Exchange Commission's decision to deny the conversion of its Grayscale Bitcoin Trust to an exchange-traded fund. Grayscale initiated its lawsuit against the SEC in June 2022 after the agency rejected its application to turn its bitcoin trust, better known by its ticker GBTC, into an ETF. The company decided to pursue the ETF, which would be backed by bitcoin rather than bitcoin derivatives, after the SEC approved ProShares' futures-based bitcoin ETF in October 2021. Still, crypto investors are longing to see the SEC approve a U.S. spot bitcoin ETF – and no longer just as a way to open the crypto market to more institutional investment.

☆ Stocks making the biggest moves premarket: Bed Bath & Beyond, Verizon, Lululemon and more
▼ + stars: | 2023-01-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

While earnings met analyst predictions, forward earnings fell short of a Refinitiv consensus estimate. . Bed Bath & Beyond — The meme stock gained 5.78%, building on its dramatic start to the year, even as the retailer warns of a potential bankruptcy. Johnson & Johnson — Shares of the drug maker ticked higher by less than 1% premarket after the company reported mixed quarterly financial results. Johnson & Johnson beat profit estimates by 10 cents per share, excluding items, according to Refinitiv. AMD — The chip stock fell more than 2% in premarket after Bernstein downgraded the chipmaker to market perform from outperform.

☆ Crypto comeback is just a 'mean-reversion' rally, Bernstein says
▼ + stars: | 2023-01-23 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

That's one observation about the current crypto bounce Bernstein analysts made in a note to investors Monday. They called it a mean-reversion rally, meaning that they see bitcoin prices reverting to their long-term mean or average level. "We reckon, the mean reversion of crypto still has some headroom," analyst Gautam Chhugani said in the note. BTC.CM= 6M mountain Bitcoin Nevertheless, Chhugani attributed the recent bounce to capital already within the crypto industry, namely "sidelined stablecoins" being deployed. As the crypto asset class becomes "more regulated," Chhugani expects to see institutions take crypto positions this year, he said.

☆ Stocks making the biggest moves midday: Wayfair, Meta, Apple, Spotify, Qualcomm and more
▼ + stars: | 2023-01-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Wayfair — Shares of the furniture retailer jumped 24.1% on Monday after Wayfair received upgrades from multiple Wall Street firms, include a double upgrade to overweight from underweight at JPMorgan. Spotify — Spotify gained 3.1% after the company sent an internal memo to staff on Monday announcing plans to lay off 6% of its global workforce, or about 600 employees. Western Digital — Shares jumped 7% after Bloomberg reported that merger talks between Western Digital and Kioxia are advancing. Western Digital would spin off its flash business and merge it with Kioxia in a separately traded company, the report said. Evoqua shares jumped more than 14% following the announcement.

☆ Stock futures are flat as investors weigh the Fed's next policy move and await a busy earnings week
▼ + stars: | 2023-01-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Stock futures were little changed Sunday evening as investors weighed a potential slowdown or pause in Federal Reserve interest rate hikes and looked ahead to a busy week of earnings. Futures tied to the Dow Jones Industrial Average were lower by 27 points, or 0.08. S&P 500 futures barely budged and Nasdaq 100 futures also sat near the flat line. On Friday, the major averages rallied to finish the week after briefly losing the momentum of the January rally. Markets have priced in a 99.7% chance of a 25-basis point hike, according to CME Group data, which would bring the interest rate to a targeted range of 4.5%-4.75%.

☆ Bitcoin has climbed more than 10% this week, outperforming stocks
▼ + stars: | 2023-01-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Cryptocurrencies rose this week even as U.S. equities briefly retreated from their new year rally and a major crypto lender submitted a long awaited bankruptcy filing. Bitcoin was last higher by about 12% for the week, according to Coin Metrics, while ether has risen 14%. The S&P 500 and Doe Jones Industrial Average were last down 0.9% and 2.9%, respectively, for the week. Bitcoin and ether rose 2.73% and 2.15%, respectively, in the same four-day period. "Bitcoin seems to be trading along with the Nasdaq and risk assets again, after the past months of decoupling," said Sylvia Jablonski, CEO and chief investment officer at Defiance ETFs.

☆ Stocks making the biggest moves midday: Netflix, Coinbase, Alphabet, SVB Financial & more
▼ + stars: | 2023-01-20 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

SVB Financial — Shares surged 16%, a day after Wells Fargo said SVB Financial seems like the "deal of the century" and said the bank "remains the trusted partner of the innovation economy." SVB Financial also reported an earnings miss Thursday, but its fourth-quarter net interest of $1.05 billion beat StreetAccount's estimate of $1.01 billion. PPG Industries — Shares of PPG Industries climbed 5.2% after the company reported earnings that were in line with analyst estimates. PagerDuty — The software stock jumped more than 5% after being upgraded to overweight from equal weight by Morgan Stanley. Ally Financial — The financial stock rallied a whopping 19% after the company reported better-than-expected quarterly results.

☆ Stocks making the biggest moves premarket: Netflix, Alphabet, Nordstrom, PagerDuty and more
▼ + stars: | 2023-01-20 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Separately, Barclays upgraded shares of PVH , which owns Tommy Hilfiger and Calvin Klein brands, to overweight. Regeneron Pharmaceuticals — The pharmaceutical giant gained 1% in the premarket after being upgraded to overweight from neutral by JPMorgan. Nordstrom — Shares of the retailer fell 7% in premarket trading after Nordstrom announced that its holiday sales fell 3.5% year over year. Macy's — Retail stocks such as Macy's declined following disappointing holiday sales from Nordstrom. Correction: Nordstrom reported disappointing holiday sales numbers, not its latest quarterly figures.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin swings positive, and crypto VCs double down despite FTX collapse: 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, we explore the aftershocks of the FTX collapse and Rob Frasca, the founder and managing partner of COSIMO Ventures, explains whether the crypto exchange's implosion caused him to change his investment strategy.

☆ Stocks making the biggest moves before the bell: Roblox, Discover, Chegg and more
▼ + stars: | 2023-01-19 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Roblox — Roblox shares fell 6.7% after Morgan Stanley downgraded the gaming company to underweight from equal weight and said the upside is limited following the stock's recent outperformance. Philip Morris — Shares of the tobacco company rose more than 1% after Jefferies upgraded the stock to buy from hold and raised its price target. Apple — Shares slid 1.2% after JPMorgan cut its price target on Apple and said the technology company had a tough setup going into earnings from supply headwinds. Boot Barn — UBS raised its price target on the stock ahead of the company's quarterly earnings report. The stock slid 0.6% despite the target increase, however.

☆ Bitcoin’s popularity with developers shrunk last year while Ethereum’s flourished. Here’s what that means for investors
▼ + stars: | 2023-01-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Crypto prices suffered badly in 2022, but developer activity for the year paints a more optimistic picture for investors. That puts developer growth at 9% for the year, the report showed, even as the price of ether dropped 67%, according to Coin Metrics. Its price collapsed 50% last year, but the strength of its developer community gave investors hope it would pull through. Meanwhile, bitcoin's developer population shrunk 4%, though it's still the fifth largest in the market at 300 full-time builders. Why it matters for investors Developer activity is an indicator of a network's utility and potential for end users.

☆ Stocks making the biggest moves premarket: United Airlines, Moderna, IBM and more
▼ + stars: | 2023-01-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

United Airlines – Shares of United Airlines rose 3.5% after the company reported quarterly earnings that topped Wall Street's estimates for the fourth quarter, signaling strong demand amid higher prices. United posted adjusted earnings per share of $2.46 on $12.4 billion in revenue. Analysts expected adjusted earnings per share of $2.10 and $12.2 billion in revenue, per Refinitiv. Analysts surveyed by StreetAccount had anticipated adjusted earnings of $2.44 per share on revenues of $3.81 billion. PNC reported $3.49 in adjusted earnings per share on $3.68 billion of revenue.

☆ Stocks making the biggest moves midday: Goldman Sachs, Morgan Stanley, Roblox, Alibaba and more
▼ + stars: | 2023-01-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Goldman Sachs — Shares of the Wall Street investment bank shed more than 7% after it reported its worst earnings miss in a decade. Morgan Stanley — The bank stock jumped 6% after the firm reported fourth-quarter earnings that exceeded Wall Street expectations. CEO James Gorman said he's more confident on the markets than the rest of Wall Street, seeing a return of deal-making as soon as the Federal Reserve stops hiking interest rates. Global Payments – Shares rose 3.2% after Morgan Stanley upgraded the company to buy, saying that the upcoming environment will favor incumbents and help shares gain. Citizens Financial Group — The bank stock slipped 2.3% despite posting solid quarterly that met Wall Street's expectations.

☆ Earnings stars: Stocks expected to post the biggest profit growth of 2023
▼ + stars: | 2023-01-14 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Nevertheless, several stocks are poised to see rapid earnings growth this year. CNBC Pro gathered the names of 20 companies that are poised to grow earnings at least 20% in 2023, with some set to post to more than 90% earnings growth, using data from FactSet. Nevertheless, it had the biggest earnings growth potential in the group we screened: 92% in 2023. Delta Air Lines and Alaska Air also turned up, with earnings growth expectations of almost 70% and 26%, respectively. Elsewhere in the travel group, Expedia is looking at 31% earnings growth.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin jumps above $18,000, and SBF claims he didn't steal funds in post-arrest blog: 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, Sheila Warren, the CEO of the Crypto Council for Innovation, discusses regulation and the metaverse.

☆ Stocks making the biggest moves midday: Cognizant, American Airlines, Logitech and more
▼ + stars: | 2023-01-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Cognizant — Shares of Cognizant rose 8% after the IT company raised its fourth-quarter revenue guidance. American Airlines — Shares rose more than 7% after the airline boosted its revenue and profit estimates for the fourth quarter. Caterpillar — Shares rose 2.4%, notching a 52-week high, after JPMorgan added the manufacturer to its focus list, saying its margin upside potential is currently underappreciated. Bed Bath & Beyond — Bed Bath & Beyond rallied 18%, building on gains after a handful of meme stocks surged Wednesday. The stock surged almost 69% in Wednesday's session.

☆ Stocks making the biggest moves premarket: Disney, American Airlines, Bed Bath & Beyond, Logitech and more
▼ + stars: | 2023-01-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Bed Bath & Beyond — The retailer advanced 16% premarket, continuing to rally after a handful of meme stocks surged Wednesday. American Airlines — The airline gained 5% after lifting its fourth quarter guidance, citing strong demand and high fares. Logitech — The maker of mice and keyboards plummeted 16% after it missed earnings expectations for the recent quarter and slashed its sales outlook. KB Home — Shares dipped 3.4% after the homebuilder missed estimates for the recent quarter on the top and bottom lines. Cinemark – Shares gained 1.9% following an upgrade by analysts at JPMorgan to an overweight rating.

☆ Stocks making the biggest moves premarket: CarMax, Salesforce, Coinbase and more
▼ + stars: | 2023-01-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

CarMax fell 53% in 2022 but has risen 18% since its disappointing quarterly results in December. Coinbase shares dropped 86% in 2022 as macro conditions and scandal dragged down the crypto market. Tesla — Tesla shares rose 2% after the EV maker registered with the state of Texas to expand its electric vehicle factory in Austin this year. Levi Strauss & Co — Shares of the clothing company slipped 2.2% after Citi downgraded the stock to neutral from buy. Shares were higher by less than 1% premarket.

☆ Stocks making the biggest moves midday: Bed Bath & Beyond, Tesla, Expedia and more
▼ + stars: | 2023-01-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Meme stocks — A group of so-called meme stocks skyrocketed Wednesday as retail investors jumped into speculative trades again. Bed Bath & Beyond rallied 38% to trigger the trend in morning trading Wednesday. Expedia — The travel company's stock gained more than 4% after Oppenheimer upgraded it to outperform from perform. The Wall Street firm said it believes Expedia shares are discounting macro headwinds. Toll Brothers — The homebuilding stock gained 3% following an upgrade to a buy from a hold rating by analysts at Bank of America.

☆ From the Shanghai upgrade to U.S. regulation: Watch these 5 events to see where crypto markets are heading in 2023
▼ + stars: | 2023-01-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +7 min

Unlike in previous crypto winters, however, macro forces outside the crypto industry are the biggest drivers of the market. The Shanghai upgrade Ethereum developers are gearing up for the network's next big upgrade, the "Shanghai" upgrade, which has a target release of March 2023. "The problem right now is if you stake ether into the network, your ether will be locked until the Shanghai upgrade," Lau said. "There will be more liquidity of ether after the Shanghai upgrade," he added. Gox but the expected distribution of the bitcoin recovered from the exchange's 2014 implosion could be a near-term headwind for bitcoin investors.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase to cut jobs by 20%, and Cameron Winklevoss pens new letter to DCG board: 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, David Siemer of Wave Financial discusses the state of Digital Currency Group.

☆ Internet investors expect this stock to prove 2023's best performer, JPMorgan survey shows
▼ + stars: | 2023-01-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Tech stocks were the hardest hit in 2022 but, in 2023, they could slightly outperform the S & P 500, according to investors surveyed by JPMorgan. The bank conducted a buyside survey of about 74 long-term investors and hedge funds to gauge their sentiment on internet stocks in 2023. About 43% of the investors that participated indicated they expect internet stocks to rise more than 5% this year, while 30% expect "flattish" performance. More investors, 41%, identified Meta Platforms as the mega-cap tech stock most likely to succeed than any other. On the flip side, Netflix is the most likely to show the worst performance this year, according to 43% of survey respondents.

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