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☆ Jeffrey Gundlach is buying Treasuries after calling bond market most attractive in 10 years
▼ + stars: | 2022-09-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Jeffrey Gundlach says he has been buying bonds "recently" with yields suddenly looking toppy after climbing this week to their highest levels in more than a decade. Yields and prices move in opposite directions with prices going higher overnight as rates fell. "The U.S. Treasury Bond market is rallying tonight," said the so-called bond king and DoubleLine Capital CEO in a tweet late Monday night. He also revealed then that DoubleLine had bought long-term Treasuries earlier in the month with rates at such attractive levels and the market so beaten up. That would send yields lower and bond prices higher.

☆ Year-end rally hopes are starting to get dashed. What history tells us about what comes next
▼ + stars: | 2022-09-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Investors are holding their breath as the Dow Jones Industrial Average and the S & P 500 head toward a retest of their 2022 lows this week, the final week of trading for September. By contrast, November and December are typically strong months but — with the market off so much already year to date — the chances of a year-end rally now look less likely, according to Ned Davis Research. "How quickly the economy and earnings decelerate will probably determine whether a year-end rally is possible," said Ed Clissold, Ned Davis' chief U.S. strategist. "Historically speaking, the fact that the market is down year to date makes a year-end rally less likely but not highly improbable." However, "when the S & P 500 has been down through September, it has risen only 54.8% of the time by a median of 2.3%."

☆ Stocks making the biggest moves midday: Wynn Resorts, Planet Fitness, AMC, Lyft and more
▼ + stars: | 2022-09-26 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

An exterior view shows Encore Las Vegas (L) and Wynn Las Vegas as the coronavirus continues to spread across the United States on March 15, 2020 in Las Vegas, Nevada. Las Vegas Sands, Wynn Resorts — Shares of the casino operators both soared about 11% after Macao announced its plan to allow Chinese tour groups back in the casinos as soon as November. Chegg — Shares of the educational tech company jumped more than 6% after Needham upgraded the company to a buy rating from hold. Planet Fitness - The gym stock jumped 2% after Raymond James upgraded Planet Fitness to strong buy from market perform. Lyft – Shares of the ride hailing company fell about 3% after UBS downgraded the stock to neutral from a buy.

☆ Stock futures are little changed as investors prepare for the S&P 500 to test its June low
▼ + stars: | 2022-09-25 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during morning trading on September 06, 2022 in New York City. U.S. equity futures were little changed Sunday evening after surging interest rates and foreign currency turmoil pushed the major averages to near their lows of the year. S&P 500 futures and Nasdaq 100 futures were each lower by 0.1%. The broad-market S&P 500 temporarily broke below its June closing low and ended down 1.7%. On Friday, Goldman Sachs slashed its year-end target for the S&P 500 to 3,600 from 4,300.

☆ Ether is down almost 20% since the merge. Here’s what’s going on
▼ + stars: | 2022-09-23 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Twice during the week, as bitcoin dipped below the $19,000 level, ether hovered at $1,300 (about 70% below its all-time high). Many expected the merge to be a buy-the-rumor/sell-the-news event, and there are growing concerns in the crypto community about the post-merge Ethereum. Ahead of the merge, many investors were buying spot ether and shorting ether perpetual futures , in order to get tokens of the "forked" version of Ethereum for free, without the ether price exposure. Growing concerns Ahead of the merge, there were two main concerns the crypto community had begun exploring. "It looks like Ethereum Classic has been the main beneficiary post merge," JPMorgan's Nikolaos Panigirtzoglou said in a note this week.

☆ Buy these 'free cash flow favorites' as the S&P 500 prepares to test the June lows
▼ + stars: | 2022-09-23 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Evercore ISI analysts recommend "patient accumulation" of its collection of free cash flow favorites. The stocks on its list are geared toward value, have strong free cash flow and shareholder return profiles and lower volatility. Here are 10 of the names: Synchrony Financial has generated a free cash flow (FCF) yield of 47.5% over the past 12 months and a shareholder return of 28.8% over same period. GoDaddy and Dell Technologies are among the smaller names by market cap on the Evercore ISI list. GoDaddy's free cash flow yield is about 7.5% while Dell's is 9.6%.

☆ Stocks making the biggest moves midday: FedEx, Boeing, Ally, Domino's and more
▼ + stars: | 2022-09-23 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

FedEx — Shares were down about 4% and hit a new 52-week low after the delivery company announced plans to increase rates between 6.9% and 7.9%. CalAmp — The software company plummeted 17% despite an earlier rally. CalAmp reported smaller losses than anticipated in its second-quarter earnings, while also noting record-setting revenue within subscription and software categories. Ally Financial — Shares of the financial services company dropped 4% after Wells Fargo downgraded the stock to equal weight from overweight. Domino's Pizza — Domino's Pizza advanced 2.1% after BMO upgraded the stock to outperform, forecasting a rebound in the fast-food chain on the back of strong demand.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin rises as Fed raises rates, and Twitch bans crypto gambling after backlash: 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, Anthony Georgiades, co-founder of Pastel Network, discusses the economic pressures facing the crypto industry.

☆ Goldman says this is the way to play the energy stock trade from here after a 40% gain this year
▼ + stars: | 2022-09-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

While the S & P 500 is down almost 19% for the year, the energy sector has thrived by comparison, having posted a roughly 40% gain in 2022. The firm said it expects Chesapeake to generate 15% free cash flow yield in 2023 and 10% the following year. Further, Weatherford has introduced initiatives to close its margin gap with peers and improve its free cash flow conversion, Goldman says. For oil and global exploration and production, Goldman looked at stocks trading at a discount to their net asset value. That includes Magnolia Oil & Gas , which the firm says is well positioned to generate double-digit free cash flow yield and dividend growth.

☆ Stocks making the biggest moves midday: Freyr Battery, Stitch Fix, General Mills, Trupanion and more
▼ + stars: | 2022-09-21 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Stitch Fix — Stitch Fix was up about 12%, even after the company posted downbeat quarterly numbers. General Mills — Shares of the food producer jumped 7% after the company posted a better-than-expected quarterly profit. The company now sees adjusted EBITDA between $1.4 billion and $1.45 billion, below prior guidance of $1.475 billion and $1.575 billion. Sotera Health — Sotera Health shares dropped more than 7% after JPMorgan downgraded the company to underweight from overweight, citing risks from more than 700 outstanding trials. Coty — The stock rose 5.6% after the beauty company said it has a strategy to double skincare product sales by fiscal year 2025.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin swings lower in volatile trading day, and Nasdaq preps new crypto service: 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, Bruno Ramos de Sousa, head of Global Expansion at Hashdex, discusses macro pressures facing the crypto industry.

☆ Leon Cooperman says he's finding a lot cheap stocks today. What he's buying
▼ + stars: | 2022-09-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Billionaire investor Leon Cooperman said Tuesday that he's having a "decent" year relative to the major stock indexes, despite the latest market turmoil. "The market really isn't cheap," he told CNBC's " Squawk Box ." "It's a very strange market, the indices themselves have no destination for me but I find a lot of individual stocks that are attractively priced…but I'm not expecting much in the market." About 22% of his portfolio is in energy stocks, he said. Shortly after stocks began selling off at the start of the year, Cooperman told CNBC they still represent "the best game in town" and are "the best asset in a bad neighborhood."

☆ Crypto’s bear market is unlike others before it. This time the Fed's steering the ship
▼ + stars: | 2022-09-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +17 min

In any other year, the bitcoin price would have skyrocketed after the BlackRock announcement, but it didn't. Bitcoin hit its all-time high on Nov. 8, less than a week after the Fed first introduced the tapering . "Bitcoin OGs want to believe that it's a risk-off asset – that's a long-term trajectory," said Burak Tamac, senior researcher at CryptoQuant. It's bitcoin that's received so much hostility about being environmentally unfriendly, but myths about the cryptocurrency's environmental impact are slowly being debunked . Beyond bitcoin, crypto remains just a little too out of reach for many.

☆ Stocks making the biggest moves midday: Change Healthcare, Ford, PayPal, Humana and more
▼ + stars: | 2022-09-20 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Change Healthcare – Shares of Change Healthcare jumped 6.4% after a federal judge said that UnitedHealth cannot take over the company. Humana – Shares of health company Humana gained 1% and touched an all-time high a day after the company raised its earnings guidance for the fiscal year. Cognex — Shares of machine vision systems maker Cognex jumped nearly 7% after the company raised its revenue outlook for the current quarter. Olin — The manufacturing company fell 4.6% after issuing its third-quarter EBITDA guidance. MicroStrategy – Shares of software company MicroStrategy fell 4.6% after the company announced that it made its smallest purchase of Bitcoin in two years.

☆ Stocks making the biggest moves midday: Lennar, Coinbase, Array Technologies and more
▼ + stars: | 2022-09-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves midday Monday:D.R. Horton, Lennar, PulteGroup — Homebuilder stocks moved higher on Monday after KeyBanc double upgraded the sector to overweight from underweight. Array Technologies — The solar stock jumped over 3% after Piper Sandler upgraded Array Technologies to overweight from neutral, saying the company has more upside ahead on an improved forward outlook. AutoZone — AutoZone shares fell more than 2% as traders pored over a mixed quarterly earnings report. Wix — Shares of Wix soared 11% after activist investor Starboard Value revealed a 9% stake in the web development platform company.

☆ Dow futures drop more than 200 points as Wall Street braces for big Federal Reserve meeting this week
▼ + stars: | 2022-09-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Traders work on the floor of the New York Stock Exchange during afternoon trading on September 13, 2022 in New York City. Stock futures fell Monday after the major averages posted their worst week since June and ahead of the Federal Reserve's two-day meeting this week. Futures tied to Dow Jones Industrial Average fell 275 points, or 0.9%. Investors are coming into the new week focused on the Fed's latest policy meeting, which will begin Tuesday. Stocks slid last week as investors reacted to a hotter-than-expected inflation report and a dismal warning from FedEx about a "significantly worsened" global economy.

☆ Stocks making the biggest moves midday: FedEx, Adobe, Boeing and more
▼ + stars: | 2022-09-16 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

FedEx received its first five of an order of 500 electric Light Commercial Vehicles (eLCVs) from BrightDrop. Snowflake - Shares of the cloud computing company dropped more than 6% as growth stocks led Friday's sell-off. The decline came even as Needham initiated coverage of Snowflake with a buy rating, as the Wall Street firm sees potential new uses for its platform. Adobe – Adobe's stock built on Thursday's declines, sinking just over 3% after a slew of downgrades from Wall Street analysts. Bank of America downgraded the technology stock to neutral as it awaits further clarity on Adobe's Figma acquisition.

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