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☆ Stocks making the biggest moves midday: Hasbro, Salesforce, Carnival, Lockheed Martin & more
▼ + stars: | 2022-10-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Hasbro — Shares of the toy company dipped 2.3% after the company reported third-quarter earnings that missed expectations. Salesforce — Salesforce shares gained 5.2% after Starboard Value revealed to CNBC that it has taken a "significant" stake in the software giant. Carnival Corporation — Shares of the cruise company jumped more than 12% after one of Carnival's subsidiaries began an offering of $1.25 billion of senior priority notes due 2028. Goldman Sachs — Goldman Sachs rallied 3% after beating third-quarter analyst expectations for profit and revenue on better-than-expected trading results. Lockheed Martin — Shares of the aerospace company jumped 8.5% after Lockheed reported third-quarter earnings of $6.87 per share excluding items, which was higher than a Refinitiv estimate of $6.66 per share.

☆ Bitcoin is failing to rally with stocks as $940 million in bitcoin is pulled from exchange favored by institutions
▼ + stars: | 2022-10-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

But an uncertain regulatory environment continues to prove a headwind for bitcoin. On Tuesday some 48,000 bitcoins moved off Coinbase Pro, a favored exchange among institutional investors, according to data provider CryptoQuant. The outflow was the biggest among crypto exchanges since crypto's big crash in June of this year and the second-largest of all time. Exchange outflows suggest investors are withdrawing their crypto from exchanges and shifting from selling mode to accumulating mode. He also said the transactions were likely done in over-the-counter trading desks, and therefore might not affect the price of bitcoin.

☆ Morgan Stanley's Mike Wilson sees a bear market rally that can lead to an 11% gain from here
▼ + stars: | 2022-10-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

The stock market's historic turnaround last week following a hotter-than-expected inflation report was the beginning of a tradeable short-term rally, according to Morgan Stanley. The S & P 500 closed lower on Friday at 3,583.07, after notching a 2.6% gain the day before following the CPI report. "[We] would not rule out another attempt to re-take the 200-day moving average. While that seems like an awfully big move, it would be in line with prior bear market rallies this year and prior ones." However, he added: "We also believe the 200-week moving average will eventually give way like it typically does when earnings forecasts fall by 20% [or more].

☆ Bitcoin is higher to start the week but continues holding sideways pattern
▼ + stars: | 2022-10-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

"If the price recovers the $20,000 psychological level with a substantial trading volume in the next few days, bitcoin could test $23,000 next week." Yuya Hasegawa, crypto market analyst at Japanese crypto exchange Bitbank, said the dip wasn't deep enough to induce panic, however. Cryptocurrencies were higher on Monday after recovering from a sharp drop in the previous week. Despite a recent divergence in volatility, activity in bitcoin and ether trading remain closely tied to that of risk assets more broadly. While October is typically a strong month for crypto trading, crypto has never been in such a strongly macro driven bear market and it remains to be seen how prices will fare by the end of the month.

☆ Bitcoin miners are feeling the heat as the network’s mining difficulty reaches an all-time high
▼ + stars: | 2022-10-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

If there's too much competition, that means the blocks are coming in too fast and the difficulty needs to go up, D.A. "An increasing network hashrate is good for the health of the [Bitcoin] network," Brendler told CNBC Pro. The problem for miners Miners have been feeling the heat since bitcoin fell below $20,000 and energy prices have increased. But between the hot Texas summer and the falling price of bitcoin, many miners have been forced to stop. In previous years, there's been a positive correlation between the bitcoin price and the Bitcoin hashrate, but in this new macro-led market, investors shouldn't place too much faith in that, Lau said.

☆ Stocks making the biggest moves midday: Roblox, Continental Resources, Fox Corp and more
▼ + stars: | 2022-10-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Fox Corp , News Corp — Fox shares dropped 8%, while News Corp gained more than 4% after Rupert Murdoch formed a special committee to explore a possible deal that would put his two media companies back together. Wells Fargo reiterated its equal weight rating on the streaming service ahead of the company's earnings this week. Speculative tech stocks — South American e-commerce stock Mercadolibre surged 11%, while Chinese tech stock Pinduoduo jumped more than 6%. Bank stocks — Several bank stocks moved higher Monday on positive earnings for the sector. Bank of NY Mellon gained 4.9% following its earnings beat and Signature Bank , set to report earnings on Tuesday, jumped 6%.

☆ Cryptocurrencies continue higher, with bitcoin looking at a test of $20,000
▼ + stars: | 2022-10-14 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Cryptocurrencies continued to climb on Friday as investors sought to extend the previous day's rally. Bitcoin was higher by more than 1% at $19,652.00, and ether gained more than 3% to trade at $1,328.80. Crypto jumped on Thursday, following the movement of stocks after the consumer price index came out showing higher than expected inflation. "Markets aren't concerned with inflation, they are concerned with the Fed's expected response to inflation, and nothing changed yesterday: 75 basis points was baked in, it was confirmed further by the CPI data." October tends to be an up month for bitcoin, according to Bespoke Investment Group.

☆ Stocks making the biggest moves midday: JPMorgan Chase, Albertsons, Tesla, Beyond Meat, Delta and more
▼ + stars: | 2022-10-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Citigroup — Citigroup rose more than 1% after its third-quarter revenue climbed more than analysts expected, helped by rising interest rates. However, its earnings fell 25% from the year-earlier period as it bulked up its credit loss provisions and investment banking slumped. Wells Fargo — The bank stock was up 3% after Wells Fargo reported quarterly earnings and revenue that topped analysts' expectations. US Bancorp - Shares of US Bancorp rose 3.7% after the bank's third-quarter earnings came in above Wall Street analyst expectations. First Republic Bank — The bank stock dropped more than 14% after First Republic posted its third-quarter results.

☆ Stock futures are flat ahead of Friday's big bank earnings
▼ + stars: | 2022-10-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Stock futures were little changed Thursday night as investors turned their attention to big bank earnings after the major averages staged a historic turnaround rally. S&P 500 futures inched higher by 0.08%, and Nasdaq 100 futures hovered just below the flat line. In regular trading, the Dow ended up 827 points after being down more than 500 points earlier in the day. The S&P 500 rose 2.6% to break a six-day losing streak. A market rally will likely commence when the market believes that a Fed tightening pause is in the offing."

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto reacts to CPI data, and Treasury faces new lawsuit over Tornado sanctions: 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, Messari CEO Ryan Selkis discusses his outlook for crypto regulation in the United States.

☆ What BNY Mellon’s digital asset custody launch means for the crypto market
▼ + stars: | 2022-10-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

The crypto industry this week cleared a massive hurdle for attracting big investors after BNY Mellon said it's officially holding crypto assets in its custody for institutions. If the current market and regulatory environment weren't so bad, a wave of new investors might now be flooding into the crypto market. In the past month, Nasdaq has launched crypto custody for institutions and Franklin Templeton, Betterment, Société Générale and other wealth managers have made forays into crypto. Even though for many others, bitcoin has become a "boring" macro-driven asset with little utility, BNY Mellon clients have been looking beyond crypto's speculative nature. "You've got crypto assets, digital cash, stablecoins and then you have tokenized assets.

☆ Bitcoin falls below $19,000 after latest U.S. inflation report
▼ + stars: | 2022-10-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Cryptocurrency prices dropped Thursday to new October lows after key U.S. inflation data came in hotter than expected. The price of bitcoin fell 4% to $18,388.00, and ether slid 6% to $1,216, according to Coin Metrics. Bitcoin dropped below $19,000 early on Thursday as investors anxiously awaited the latest read on the consumer price index. Cryptocurrencies have been trading mostly sideways since the end of August, with bitcoin hovering within $19,000. Bitcoin continues to trade within a tight range since June," said Michael Rinko, venture associate at AscendEx.

☆ Stocks making the biggest moves midday: Digital World, Domino's, Revlon, Albertsons and more
▼ + stars: | 2022-10-13 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

It was a 52-week low for the stock. Applied Materials – The chip stock turned 4% higher after hitting a 52-week low earlier on disappointing revenue outlook. Otonomy — The biopharmaceutical company shot down 56.1% after the company said a drug for hearing loss showed "no clinically meaningful improvement." Dish Network — The TV and wireless company hit a 52-week low, down 2%. The stock was at a 52-week low during day trading.

☆ Crypto prices are higher ahead of key inflation data, bitcoin holds at $19,000
▼ + stars: | 2022-10-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Ether has hugely outperformed bitcoin since both cryptocurrencies formed a bottom in June 2022. Ether's superior gains have come as investors anticipate a major upgrade to the ethereum blockchain called "the merge." Cryptocurrencies were slightly higher on Wednesday after investors shrugged off a higher-than-expected inflation report in anticipation of another key inflation indicator due to come out on Thursday. The price of bitcoin edged higher by about 0.4% and was trading at $19,072.00, while ether rose 0.6% to $1,290.73. The September producer price index, a gauge of final-demand wholesale prices, came in higher than expected, suggesting to investors that the Federal Reserve is likely to continue aggressively hiking rates until inflation comes down.

☆ Stocks making the biggest moves midday: Moderna, Pepsi, Lyft and more
▼ + stars: | 2022-10-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Pepsi products are displayed for sale in a Target store on March 8, 2022 in Los Angeles, California. Check out the companies making the biggest moves midday Wednesday:Moderna — Shares of Moderna surged 10% after the drug maker announced it will partner with Merck to jointly develop and sell a cancer vaccine. It reported preliminary month-end assets under management of $1.23 trillion as of Sept. 30. Pepsi also raised its guidance for the year as it was able to successfully raise prices on its products. Lyft — Lyft shares gained 5.8% following an upgrade from Gordon Haskett to buy from hold.

☆ Stock futures rise slightly ahead of key inflation data, Fed minutes
▼ + stars: | 2022-10-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Stock futures ticked higher Tuesday night as investors awaited the latest inflation numbers and the minutes from the Federal Reserve's latest meeting. S&P 500 futures and Nasdaq 100 futures were each up about 0.2%. The moves came after the S&P 500 and Nasdaq Composite fell 0.65% and 1.1%, respectively, to post their fifth straight day of declines. Bank earnings will kick off later in the week. Despite lower expectations, S&P 500 earnings are still expected to grow.

☆ Bitcoin holds steady at $19,000 amid growing signs of institutional adoption
▼ + stars: | 2022-10-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin on Tuesday floated at the $19,000 level, where it has remained for about a month with some momentary breaks. The largest cryptocurrency by market cap, whose volatility has been uncharacteristically low in recent weeks, was last lower by 0.7% at $19,074.31, according to Coin Metrics. Crypto prices remain depressed, with bitcoin off its all-time high from nearly a year ago by more than 70%. Though recent bitcoin volatility is low compared with stocks, the correlation between the two is still high. Prices held steady even after two big announcements signaling that institutional acceptance and adoption of crypto continues to build in spite of the bear market.

☆ Crypto investors still haven't priced in the upside from the Ethereum merge, JPMorgan says
▼ + stars: | 2022-10-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Excitement around the merge has already faded, but the long-term benefits Ethereum will reap from the technical upgrade have yet to be realized, according to JPMorgan. The merge refers to a technical transition meant to improve its security in a way that lowered energy consumption by almost 100%. One of the most attractive potential outcomes of the merge for investors, a smaller supply of ether, hasn't quite arrived yet, but JPMorgan says it's still early. While the ether supply has continued to increase since the merge, it has slowed to a di minimis pace, Worthington said. "We believe that the Ethereum Merge could be a big factor in terms of increasing the use cases for blockchain into new areas, including financial services," Worthington said, highlighting decentralized finance and NFTs.

☆ UBS pinpoints the stocks with upside potential and downside risk heading into earnings
▼ + stars: | 2022-10-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

That doesn't mean there aren't opportunities for investors, however, and UBS has identified both stocks with upside potential and those with downside risk. "Company margins are the biggest investor concern as it relates to fundamentals with expectations for margin gains in '23 at odds with fading sales growth. Here are 5 of UBS' upside and downside picks heading into earnings season: Danaher , the medical and global science company, is the biggest name on UBS' earnings surprise list by market cap. UBS expects mattress company Tempur Sealy to show an earnings beat as "industry trends" improved after Labor Day. On the flipside, e-signature company DocuSign and the packaged foods firm Simply Good Foods are on UBS' watchlist for downside risk this earnings season.

☆ Bitcoin falls to start the week as investors look ahead to inflation data
▼ + stars: | 2022-10-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin fell to its lowest level in over a week on Monday as investors continued to digest strong jobs data from Friday that pushed risk assets including cryptocurrencies even deeper into the red. I also expect significant volatility on Thursday, with a move up or down depending on the inflation figure." Investors watch these updates closely for clues about the Federal Reserve's next move in its fight to bring down inflation. "Key data points to watch out for this week will be the CPI data beat/miss on Wednesday and the FOMC minutes, a whiff of dovishness is likely to be supportive for crypto assets." Despite the anxiety hanging over investors, cryptocurrencies' volatility has been uncharacteristically low in recent weeks, though its correlation with stocks remains positive.

☆ Stocks making the biggest moves midday: Ford, Las Vegas Sands, Nvidia, Kraft Heinz and more
▼ + stars: | 2022-10-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Ford Motor , General Motors — Shares of Ford and GM fell 7% and 5% respectively, after UBS downgraded both stocks. The firm lowered Ford to a sell rating from neutral and cut GM to a neutral from a buy. Casino stocks — Shares of hotel and casino companies were the top decliners in the S&P 500, with Wynn Resorts down 11.6% and Las Vegas Sands losing 8.5%. Kraft Heinz — The food maker's shares rose 2% after Goldman Sachs upgraded them to buy from neutral, noting that higher profit margins haven't been fully priced into the stock. Merck — Shares of the pharmaceutical giant rose 2.8% after Guggenheim upgraded Merck to buy from neutral.

☆ Dow drops over 600 points, Nasdaq nearly 4% lower as job gains remain steady, complicating Fed effort to lower prices
▼ + stars: | 2022-10-07 | by ( Tanaya Macheel | Tanaya Macheel Is A Cryptocurrency | Financial Technology Reporter For Cnbc. | ) www.nbcnews.com time to read: +2 min

Stocks fell on Friday as traders evaluated September’s jobs report, which showed the unemployment rate continuing to decline and sparked an increase in interest rates. The Dow Jones Industrial Average fell 682 points, or 2.3%, to 29,264.39. The Nasdaq Composite slid 3.9% to 10,651.75, which is less than 1% above its low of the year. Friday’s jobs numbers showed the U.S. economy added 263,000 jobs in September, slightly below a Dow Jones estimate of 275,000. Friday’s losses trimmed the gains for what started out as a big comeback week for stocks.

☆ Stocks making the biggest moves midday: Apple, Netflix, Biogen, Canopy Growth and more
▼ + stars: | 2022-09-28 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Apple — Apple shares fell 3.4% on Wednesday following a report that the company is ditching plans to boost new iPhone production. Instead of aiming to increase output by 6 million units in the second half of the year as it had planned, it will shoot for 90 million units, unchanged from the prior year, according to Bloomberg. Biogen — Shares of the biopharmaceutical company soared 37% following upbeat results from its experimental Alzheimer's drug study and a slew of upgrades from analysts. Biogen and its Japanese partner Eisai said the drug reduced cognitive decline by 27% and slowed the progression of the disease. Canopy Growth — Shares of the cannabis company were up 2.6% on plans to pull back from its retail operations in Canada.

☆ Goldman finds cheap stocks with strong and growing dividend yields for this market turmoil
▼ + stars: | 2022-09-28 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

In the previous session, the S & P 500 reached a new bear market low of 3,623.29, indicating that stocks could still have further to fall. Investors wanting to counter the market turbulence with income can look to stocks with high dividend yield and growth. Goldman Sachs has a basket of cheap stocks, with a median dividend yield of 3.4%, compared to the S & P 500's 1.8%. That's followed closely by Ford Motor, which has a 3.4% dividend yield, and projected growth of 100%. Among financials, Morgan Stanley has the fastest projected dividend growth at 21%.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCelsius CEO Alex Mashinsky resigns, and FTX buys Voyager's assets for $1.4 billion: 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, Jesse Proudman, vice president of crypto trading at Betterment, discusses a new partnership with Gemini and the state of retail crypto investors.

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