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☆ Institutions are charging forward in crypto, even in the industry's darkest days
▼ + stars: | 2022-12-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

After years of pooh-poohing cryptocurrency, institutions finally entered the crypto market last year and fell straight into crypto winter. "Right now [investors] are going back to basics, doing their homework, finding out what this means," said Lyn Alden, founder of Lyn Alden Investment Strategy. Near-term risk Institutions often look at big crashes like this one as opportunities , Alden said. "FTX destroyed trust in the industry and may delay traditional finance institutions that haven't already committed to digital assets to invest," Belshe said. However, for "institutions and brands that are already building products in crypto and Web3, we have not seen a slowdown of interest to build, grow and invest."

☆ Stocks making the biggest moves midday: Netflix, Lululemon, DocuSign and more
▼ + stars: | 2022-12-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves midday:Lululemon — Shares of Lululemon fell 12% after the athletic apparel company gave a weaker-than-expected fourth-quarter outlook. Broadcom — Broadcom gained 3.1% after giving an upbeat revenue forecast and reporting better-than-expected quarterly results after the bell Thursday. Netflix — Netflix gained 5% after being named a "best idea" for 2023 by Cowen and being upgraded by Wells Fargo to overweight from equal weight. DocuSign — Shares of DocuSign jumped 16% after the electronic signature company posted upbeat quarterly results. Bath & Body Works — Shares of Bath & Body Works gained rose 2.1% after activist investor Dan Loeb boosted his stake in the retailer.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin hovers near $17,000, and lawmakers threaten to subpoena SBF: 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, Calanthia Mei, the co-founder of Masa Finance, discusses crypto markets following the collapse of FTX and what investors can expect in 2023.

☆ UBS says high quality outperforms in recessions — 10 such stocks on sale
▼ + stars: | 2022-12-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Look to cheap high-quality stocks to manage recession risk in the new year, according to UBS. UBS highlighted several stocks in the S & P 1500 with market caps of more than $6 billion. Here are 10 of the stocks: One of the highest-quality stocks on the list is cosmetics retailer Ulta Beauty , in the 99.1 percentile. Like Ulta, Walmart also raised its guidance when it reported earnings last month . Construction supplier Fastenal is another high ranker for quality, in the 95th percentile.

☆ Stocks making the biggest moves midday: GameStop, Dexcom, Cano Health and more
▼ + stars: | 2022-12-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Traders work on the trading floor at the New York Stock Exchange (NYSE) below GameStop signage in New York, August 8, 2022. Check out the companies making headlines in midday trading Thursday. GameStop — Shares of the video game retailer and meme stock jumped more than 8% even after the company reported a wider-than-expected loss for the third quarter. The enterprise artificial intelligence software company reported a loss of 11 cents per share on revenue of $62.4 million. Analysts polled by Refinitiv were forecasting a loss of 16 cents per share on revenue of $60.9 million.

☆ Crypto winners and losers from the FTX fallout, according to Bernstein
▼ + stars: | 2022-12-07 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bernstein has sifted through the various sectors of the crypto industry and identified winners and losers for 2022. Crypto suffered the added handicap of the financial contagion from the collapse of Terra in the first half of the year and FTX currently. Binance, which operates in a regulatory gray zone, will eventually become the "global consolidator" of smaller off-shore exchanges, Bernstein said. While FTX taught investors about the risks of storing crypto holdings with centralized entities, revelations in the stablecoin sector went the other way around. Solana, on the other hand, took a hit, stained by the fallout of FTX, a big and early backer of Solana.

☆ Stocks making the biggest moves midday: Carvana, MongoDB, TripAdvisor, Toll Brothers and more
▼ + stars: | 2022-12-07 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

MongoDB — The database platform surged almost 22% following the company's quarterly results. State Street — Shares of the asset manager jumped more than 8% after the company announced a new buyback plan. Toll Brothers — Shares of the luxury homebuilder rose 7% after the company reported quarterly results. Chinese tech stocks — Shares of U.S. listed China stocks declined even as Beijing announced it will lift some Covid restrictions. Airlines — Airline stocks fell as a group during midday trading.

☆ Stock futures are flat on Tuesday night
▼ + stars: | 2022-12-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Stock futures were little changed Tuesday night. Futures tied to the Dow Jones Industrial Average were up 36 points, or 0.1% while S&P 500 futures and Nasdaq 100 futures were each up 0.1%. The S&P 500 and Nasdaq Composite lost 1.4% and 2%, respectively. The moves came as investors lost hope that the Federal Reserve will be able to engineer a soft landing. On Wednesday, the Mortgage Bankers Association will release its weekly report of mortgage loan applications.

☆ Stocks making the biggest moves after hours: MongoDB, Toll Brothers, Dave & Buster's and more
▼ + stars: | 2022-12-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

MongoDB — The database platform surged about 26% in extended trading following the company's quarterly results. Mongo posted better-than-expected revenue for the most recent quarter and issued upbeat fourth-quarter revenue guidance, according to Refinitiv. Dave & Buster's — Shares of the restaurant and video arcade operator dropped 5% even after it posted better-than-expected revenue and posted earnings that were in line with estimates, according to Refinitiv. Toll Brothers — Shares of the luxury homebuilder rose 1% after hours following the company's quarterly results. Toll Brothers posted home sales revenue that was better than Wall Street expectations, according to Refinitiv.

☆ Silvergate shares fall despite CEO letter seeking to diffuse concerns over FTX fallout
▼ + stars: | 2022-12-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Bitcoin and ether ended Thursday in the red, but ether has surged more than 100% since mid-June. Silvergate Capital fell Tuesday, even after the company's CEO released a public letter attempting to "set the record straight" about its role and current state in the crypto ecosystem. Shares were last lower by 6% after falling as much as 13% in premarket trading. Speculation has been swirling around the crypto friendly bank in the wake of the FTX blowup, as investors try to decipher Silvergate's relationship with FTX and potential impact from it. Silvergate recently disclosed that FTX deposits at the bank represent less than 10% of its total deposits from crypto customers.

☆ Three things crypto investors need to know in a post-FTX world, according to financial advisors
▼ + stars: | 2022-12-02 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +7 min

While the dramatic story of the firm's failure isn't over yet, it's a post-FTX era in crypto world, and the biggest takeaways for investors are already clear, according to financial advisors. "Investors need to differentiate between blockchain technology and exchanges," said Daren Blonski, managing principal at Sonoma Wealth Advisors. Here's what advisors say about it: Whatever you do, don't leave your crypto on exchanges There's a cutesy mantra in crypto: "Not your keys, not your coins." But as crypto becomes more popular and centralized companies provide easy onramps, advisors agree: it's time investors learn to control their funds. "It's on advisors to understand what happened before rendering some sort of judgment about it," said Adam Blumberg, cofounder at Interaxis, a crypto education and training company for financial advisors.

☆ Stocks making the biggest moves midday: Zscaler, Marvell Technology, DoorDash and more
▼ + stars: | 2022-12-02 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Zscaler – The cloud security company's shares dipped 11% following its quarterly earnings report, despite Zscaler posting strong results. Marvell Technology – The semiconductor stock fell 4% after the company reported weaker-than-anticipated earnings and revenue for the most recent quarter. DoorDash – Shares of the food delivery service operator fell more than 2% following a downgrade from RBC Capital Markets. Enphase Energy – Shares of energy name Enphase surged 6% Friday and hit a 52-week high after the company announced it launched a group of microinverters in Europe. Chinese stocks – Shares of Chinese retail stocks Baidu gained 5% while JD.com and Pinduoduo rose 6.4% and 4.6% respectively as signals of easing Covid restrictions in China calmed investors.

☆ Stocks making the biggest moves after hours: Asana, Zscaler, Marvell and more
▼ + stars: | 2022-12-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Pedestrians wearing protective masks pass in front of a banner displaying Asana Inc. signage during the company's initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, September 30, 2020. Asana – Shares of the work management platform operator plunged about 12% in extended trading after the company reported a loss for the most recent quarter on a non-GAAP basis, though it was narrower than expected. Zscaler – The cloud security company saw its shares dip 9% following its quarterly earnings report, despite posting strong results. The company also forecast better-than-expected earnings and revenue for its fiscal second quarter and full year. Marvell Technology – The semiconductor stock fell 6.9% after the company reported weaker-than-anticipated earnings and revenue for the most recent quarter.

☆ S&P 500 futures fall slightly as investors await Friday's U.S. jobs data
▼ + stars: | 2022-12-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

S&P 500 futures were slightly lower Thursday night as investors looked ahead to the November jobs report. Dow Jones Industrial Average futures were lower by 0.15% and Nasdaq 100 futures fell 0.25%. In regular trading, the Dow closed lower by nearly 195 points, while the S&P 500 inched down 0.09%. Investors are focused on the Labor Department's report on non-farm payrolls, the unemployment rate and hourly wages, due at 8:30 a.m. Economists expect the economy to have added 200,000 jobs in November, according to Dow Jones.

☆ Bitcoin chart is breaking down, has another 30% downside from here, Canaccord Genuity predicts
▼ + stars: | 2022-12-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

"The recent breakdown by bitcoin and [ether] below important support near $18,431 and $1,256, respectively, confirms they are in new intermediate-term downtrends," analyst Javed Mirza said in a note Thursday. "This is a strong technical negative and opens the door for a test of major support near $11,918 and $560, respectively, or another 30% and 57% downside from current levels." On Wednesday, bitcoin crossed over the $17,000 level for the first time in two weeks, according to Coin Metrics. That could take bitcoin and ether higher by 27% and 15%, respectively. "The crypto industry is rhyming with the 1990s internet craze," Mirza said.

☆ Stocks making the biggest moves midday: Salesforce, Five Below, Okta, Costco and more
▼ + stars: | 2022-12-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Salesforce did report earnings and revenue that beat analyst expectations for the most recent quarter, however. Costco – Shares of retailer Costco shed nearly 6% after the company reported softer-than-expected sales figures for November that could signal a weak consumer heading into the holiday shopping season. The cloud data platform provider reported earnings that beat expectations but provided light revenue guidance, which sent the stock lower after-hours Wednesday. The company reported 29 cents of earnings per share on $645 million of revenue. The lingerie company reported earnings of 29 cents per share on revenue of $1.32 billion.

☆ These are the best-performing stocks over the last 10 Decembers, and analysts love them
▼ + stars: | 2022-11-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

December is typically a strong month for stocks, and there are several good opportunities in the index for investors looking to get ahead. That makes it the third-best month on average for the broader market index over that time period. Here are the 15 stocks: Casino stock Caesars Entertainment stands out as the stock with the highest median gain at 8.7%. Payments technology provider Global Payments, a financial stock, is also on the list with a 1% median gain from the last 10 Decembers. The stock has buy ratings from 80% of analysts covering them.

☆ Stocks making the biggest moves midday: CrowdStrike, Horizon Therapeutics, Petco and more
▼ + stars: | 2022-11-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Otherwise, CrowdStrike beat estimates on the top and bottom lines in its most recent quarterly results. Petco — Shares of Petco jumped 12% after reporting third-quarter revenue that was slightly above Wall Street estimates. Workday — Shares of Workday jumped 12% after the company posted earnings results Tuesday that beat Wall Street expectations. Though earnings beat Wall Street estimates, revenue came up short. Biogen — Shares rose more than 3% after a new study on Biogen and Eisai's experimental Alzheimer's drug showed promising results.

☆ Energy stocks could double next year even in a flat market, according to Fundstrat's Tom Lee
▼ + stars: | 2022-11-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

"But it turns out that because of the continued and current dependence on fossil fuels, energy security is a big deal. That's actually helpful for energy stocks." But what we saw in 2022 was a lot of creativity" in how Europe sourced energy, Lee said. Energy stocks, however, have "sustained upside" because their valuations are so low, he added. "If energy is as important to the economy as we understand it to be – you can't really run an economy without supply of energy – then energy stocks should have a market cap that matches the net income share," he said.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin recoups losses, and JPMorgan breaks down the post-FTX crypto landscape: 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, Mike Belshe, the CEO of BitGo, discusses the company's custody of FTX assets.

☆ Deutsche Bank maps out specifically how stock market will trade for the next 12 months as recession hits
▼ + stars: | 2022-11-28 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The current bear market rally could continue into the new year before "following the typical recession playbook," according to Deutsche Bank. In the third quarter, Chadha said he sees the the S & P 500 dropping to 3,250. Putting these together points to a -33% decline" from the S & P 500's record high, he said. Deutsche sees the rebound being led by financial stocks, tech and consumer cyclicals. "With the S & P 500 having rallied recently by around 12% from its mid-October lows, our measure of aggregate equity positioning has risen only modestly and remains very low (12th percentile)," he said.

☆ Stocks making the biggest moves midday: Apple, DraftKings, Biogen, Williams-Sonoma and more
▼ + stars: | 2022-11-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves midday:Apple — Apple shares fell 2% following a report that iPhone production could take a big hit due to unrest at a Foxconn factory in China, amid protests in China against the nation's zero-Covid policy. Wynn Resorts, Melco Resorts — Shares of casino operators Wynn Resorts and Melco Resorts gained 4.1% and 9.5% respectively, after the Chinese government granted them provisional licenses to continue operating in Macau. DraftKings — Shares dropped more than 5% after JPMorgan downgraded DraftKings to underweight from neutral, saying in a note that the company's competitors are more likely to achieve online sports betting profitability. Biogen — Biogen's stock fell nearly 4% after a Science.org report that a woman participating in an experimental Alzheimer's treatment trial, sponsored by Biogen and a Japanese pharma company, recently died from a brain hemorrhage. Williams-Sonoma — Shares tumbled 4.7% after Morgan Stanley downgraded the home furnishings stock to underweight, saying shares could fall further as demand weakens in a difficult macro environment.

☆ Analysts love these retail stocks as the holiday season ramps up
▼ + stars: | 2022-11-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

However, investors have gotten a mixed picture of the retail landscape from company earnings, U.S. retail sales figures , consumer sentiment data and the still-high inflation that continues to plague shoppers. Using data from FactSet, CNBC Pro screened for retail stocks that may offer some certainty for investors. Auto retailer Lithia Motors is also on the list, with potential upside to the average price target of 36.3%. He reiterated the firm's outperform rating and raised his price target on the shares. The stock price has risen this year, by 17%.

☆ These 3 stocks offer investors value in a retail environment filled with ‘crosscurrents,’ Cowen says
▼ + stars: | 2022-11-25 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Retail sales data and corporate earnings have offered investors a mixed picture, but the landscape has some bright spots for investors, according to Cowen. "There are many crosscurrents with the consumer," Oliver Chen, senior equity research analyst at Cowen covering retail and luxury goods, said on CNBC's " Squawk on the Street " Friday. "All three offer very strong value to the consumer," Chen said. Ulta's a beauty retailer – all things beauty all in one place, that's a very good category. Chen said his team also likes recommending retail stocks that have inflation resistance, like luxury brands, as well as stocks like Costco, "which offer exceptional value."

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin briefly hits 2-year low, and senators urge regulators to monitor SoFi: CNBC's 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, Pat LaVecchia of Oasis Pro Markets discusses the impact of FTX's collapse on the industry and where regulation goes from here.

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