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☆ Deflation: Here's where prices fell in February 2024 — in one chart
▼ + stars: | 2024-03-13 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

The U.S. is still grappling with higher inflation, government data released this week shows. This "does not mean prices have come down, it just means that they are increasing at a slower rate," said Brett House, an economics professor at Columbia Business School. "It is reasonable that people continue to be frustrated by high prices," House said. While inflation is an overall increase in prices, that doesn't mean all prices go up, said Eugenio Aleman, chief economist at Raymond James. "Some prices go up, some prices go down," Aleman said.

Persons: Brett House, —, Eugenio Aleman, Raymond James, Aleman Organizations: Columbia Business School, Bureau of Labor Statistics Locations: U.S

☆ A lower-cost options trade that wins if this cheap drug stock keeps making a comeback
▼ + stars: | 2024-03-13 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

Let's analyze how to trade a drug stock that's made a terrific comeback and could have more upside from here. But there's a catch: The price of call options have become too expensive given the rally, so we need to think of lower-cost trade to bet on upside from here. Now that it's traded off those lows and started to outperform the markets, I have a follow-up trade. The trade Options on BMY currently are very expensive, so buying calls are out of the question. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: that's, BMY, it's Organizations: Myers Squibb, underperformance, pharma, Bristol Myers Locations: Bristol

☆ Here's what Trump's proposed tariffs could mean for your wallet
▼ + stars: | 2024-03-13 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

As President Joe Biden and former President Donald Trump secure enough delegates to clinch their party nominations, policy experts are weighing how proposed tariffs could affect American consumers. While the Trump campaign hasn't released many tax policy specifics, he has renewed his support for tariffs, which are taxes levied on imported goods from another country. "I'm a big believer in tariffs," Trump said Monday on CNBC's "Squawk Box," suggesting that he's likely to reinstitute duties if elected for a second term. The Biden administration has maintained some of those tariffs. "Here's an area where the candidates are actually pretty similar — first what Trump imposed and then what Biden maintained," said Erica York, a senior economist and research manager with the Tax Foundation's Center for Federal Tax Policy.

Persons: Joe Biden, Donald Trump, hasn't, Trump, dysmorphia, Biden, Erica York Organizations: White, Washington , D.C, Trump, Finance, European Union, Tax, Center, Federal Tax Locations: Washington ,, China, Mexico

☆ Bananarama hasn't heard Taylor Swift's 'Cruel Summer,' but they wish she'd covered their song with the same name instead
▼ + stars: | 2024-03-13 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Bananarama members say they haven't heard Taylor Swift's "Cruel Summer." "I would have preferred her recording mine, because then I could have made some of her money," Keren Woodward told Billboard. AdvertisementBananarama — who has a song called "Cruel Summer" — says they haven't heard Taylor Swift's hit of the same name. AdvertisementSwift's "Cruel Summer" hit the top of Billboard's Hot 100 chart in October 2023, four years after it was released. "Deja Vu," a song off Rodrigo's debut album "Sour" was embroiled in a copyright controversy after fans noted the similarities between the song and Swift's "Cruel Summer."

Persons: Taylor, Keren Woodward, —, Bananarama —, haven't, Taylor Swift's, Sara Dallin, Dallin, hasn't, Woodward, I've, Swift, It's, Olivia Rodrigo, Rodrigo, Swift —, Jack Antonoff, Anne Clark, Vincent —, Clark, Nigro Organizations: Billboard, Service, British Locations: Irish

☆ Reading the charts: How to know when this stock market bull run is over
▼ + stars: | 2024-03-13 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

The S & P 500 just achieved its last upside target of 5,180 a few days ago. The S & P 500 has closed above its own intra-day midpoint 80% of the time since October lows. The index's longest streak of "good closes" (closes above the mid-point) since the October lows has been nine. Consistently strong market breadth Market breadth (or internals) can be measured different ways, but simply tracking the percent of stocks advancing every day is both the simplest and most useful. From this perspective, the S & P 500 has had positive internals 70% of the trading days since the October lows.

Persons: It's, That's, they've, we'll

☆ YouTube's mass exodus of stars show the uncertainty of the creator economy
▼ + stars: | 2024-03-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at a potential exodus of stars from YouTube and what it means for the creator economy. What's on deck:This story is available exclusively to Business Insider subscribers. AdvertisementBut some people who helped fuel YouTube's rise are walking away from the platform that gave them their big break. TikTok's challenges represent the ongoing uncertainty content creators face trying to make a living in such an unpredictable and shrinking world.

Persons: —, we've, Rebecca Zisser, It's, Insider's Lindsay Dodgson, MatPat, Lindsay, Andy Kiersz, Critics, it's, Alistair Barr, Dan, Jamie Dimon doesn't, Dimon, Karim Qubadi, Abanti Chowdhury, OpenAI, Musk's, Christopher Nolan's, Tyler Le, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, YouTube, Business, Nielsen, Gaming, ISI, SensorTower, BI, CPI, JPMorgan, Elon, University of Chicago, Quest, realtors, Meta, Google, Companies, Adidas Locations: United States, New York, London

On a positive note, Bank of America raised its price target on Nvidia to $1,100, implying gains of nearly 20%. Analyst Ruplu Bhattacharya upped his price target by $240 to $1,280, now implying upside of 10.1% from Tuesday's close. Analyst Sheila Kahyaoglu upgraded the airline stock to hold from underperform and raised her price target by $8 to $28. Still, her new price target implies shares will slid another 2.6% — even after Tuesday's big drop. Notably, he said Nvidia stock is at a lower forward price-to-earnings multiple today than when ChatGPT was launched.

Persons: Wells, BofA, Ruplu Bhattacharya, Bhattacharya, Alex Harring, Jefferies, Sheila Kahyaoglu, Tuesday's, Kahyaoglu, — Alex Harring, Vivek Arya, Arya, ChatGPT, Colin Langan, Langan, Fred Imbert Organizations: CNBC, Bank of America, Nvidia, Artificial Intelligence, Super Micro, Southwest, Jefferies, Boeing, of America, Tech Conference, EU, China Locations: Tuesday's, underperform, Woodstock, Wells

☆ Is the breakout in gold for real? Here's what the charts say
▼ + stars: | 2024-03-12 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Being that gold is priced in U.S. dollars and is very sensitive to moves in interest rates, gold is trading INVERSE to the U.S. dollar. So those macro relationships summed up; Stocks and gold are trading together Stocks and gold are trading inverse to the direction of interest rates and the U.S. dollar. Breaking down the gold chart Turning to the technicals of the gold market, I have some concerning analysis for stock market bulls, myself included. If the gold market does not break out above the highlighted $2356 level we may be setting up for a failure. If so, watch the reaction in the stock market - does it move lower with the failed breakout in gold?

Persons: it's, Elliott, Gordon, GBTC Organizations: U.S ., UUP, U.S

☆ TikTok's growth rate has collapsed. 'Life' may be getting in the way for its younger users.
▼ + stars: | 2024-03-12 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

This is especially true for young users who are now entering a new busy time of life known as adulthood. AdvertisementAfter demolishing the competition from 2020 through the first half of 2022, TikTok's DAU growth rate has collapsed. One interesting theory is that TikTok users are growing up and taking on new responsibilities that leave less time to watch videos. If some of TikTok's core users can no longer afford to spend an hour a day on the app, that's not good for business. This is not just meThe Wall Street Journal recently interviewed a few TikTok users in their 20s.

Persons: —, TikTok, it's, Brielle, There's, I'd, she'll, Keilah Bruce Organizations: Service, Evercore, YouTube, Facebook, Street Journal, Intelligence, Street Locations: TikTok

☆ Chart of the Day: Oracle
▼ + stars: | 2024-03-12 | 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 EmailChart of the Day: OracleThe Investment Committee debates on how to trade Oracle.

Organizations: Oracle

☆ Here’s the inflation breakdown for February 2024 — in one chart
▼ + stars: | 2024-03-12 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Inflation is down from its hottest point in 2022, but is still warm, considering the Federal Reserve's 2% inflation target. Real wages are on the rise, said Hamrick, which means people are seeing wages adjusted for inflation. When interest rates may subsideOne factor that affects how well Americans are doing — for better or for worse — is interest rates. The Federal Reserve is expected to cut interest rates this year, after having executed a series of rate increases to tamp down inflation. "We don't perceive there to be like an imminent pressure on the Fed to cut rates," such as a recession or sudden rise in unemployment, Doyle said.

Persons: Elijah Nouvelage, Mark Hamrick, David Doyle, Doyle, Hamrick Organizations: Kroger, AFP, Getty, Bureau of Labor Statistics, Federal Reserve, Federal Locations: Atlanta, Macquarie

☆ Beyoncé’s upcoming album is ‘Cowboy Carter’ and Dolly Parton believes she has covered ‘Jolene’ for it
▼ + stars: | 2024-03-12 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

On Tuesday, Beyoncé announced via her site and social media that her forthcoming album is “Act II: Cowboy Carter” and set to arrive March 29. In a recent interview with Knox News, Dolly Parton was asked about speculation Beyoncé has recorded one of Parton’s hits for her new album. I think she’s recorded ‘Jolene’ and I think it’s probably gonna be on her country album, which I’m very excited about that,” Parton said. After Beyoncé’s new single “Texas Hold ‘Em” hit the top of the country chart, Parton posted a statement on social media. “I’m a big fan of Beyoncé and very excited that she’s done a country album,” Parton wrote in her statement.

Persons: Beyoncé, Cowboy Carter ”, Dolly Parton, Jolene ’, ” Parton, Queen Bey, “, ”, ” It’s, Parton Organizations: CNN, Knox News Locations: Texas

☆ ETFs have brought big price swings back to bitcoin but could still help dampen volatility in the long term
▼ + stars: | 2024-03-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

A big selling point of bitcoin exchange-traded funds was their potential to reduce bitcoin's notorious volatility over time. He pointed to funding rates for bitcoin futures contracts, which have soared recently to levels not seen since early 2021. Additionally, open interest, or the number of open positions for a bitcoin futures contract, is at all-time highs. "Realized crypto [volatility] will likely ease as funding rates normalize," Glass said. "Those recurring inflows could dampen volatility of large moves from momentum strategies which basically chase price up and down and amplify swings."

Persons: Bitcoin, —, David Glass, Glass, bitcoin, David Wells, Wells, Michael Bloom Organizations: Citi, Investors

☆ Time to sell Nvidia? How to trade stocks that have 'gone parabolic'
▼ + stars: | 2024-03-11 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

When stocks are in steep uptrends, it can difficult be difficult to determine when a meaningful corrective move is going to take place. Two examples of steep uptrends are Meta (Meta) and Nvidia (NVDA) , both of which are pictured below. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.

Persons: Berkshire Hathaway, Eli Lilly, NVDA, Katie Stockton Organizations: Microsoft, Nvidia, Broadcom, JPMorgan Chase, Fairlead, CNBC Pro, Securities Locations: Meta, Berkshire

☆ Russian Embassy in US in Contact With State Department Ahead of Elections, Ambassador Says
▼ + stars: | 2024-03-10 | by ( March | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - The Russian embassy in Washington is in "close contact" with the U.S. State Department ahead of the presidential election in Russia this week to ensure the security of the diplomatic mission, ambassador Anatoly Antonov said on Monday. President Vladimir Putin, who launched a full-scale invasion of Ukraine two years ago, is set to win a new six-year term in the March 15-17 vote. This would enable him to overtake Josef Stalin and become Russia's longest-serving leader for more than 200 years. "We are in close contact with the secret service of the State Department. We expect that the Americans will fulfil their obligations to ensure the security of the diplomatic mission."

Persons: Anatoly Antonov, Vladimir Putin, Josef Stalin, Antonov, Joe Biden's, Biden, Putin, Lidia Kelly, Gerry Doyle Organizations: Reuters, U.S . State Department, State Department, Union Locations: Russian, Washington, Russia, Ukraine, U.S, Moscow, Melbourne

☆ Nvidia's terrible Friday gives traders a preview of what a momentum unwind would look like
▼ + stars: | 2024-03-09 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The S & P 500 Volatility Index finished the week near 15 and is in a clear three- month uptrend from its mid-December low near 12, even as the S & P 500 has gained 10% since then. In fact, Friday the market minimized the headline damage to a mere two-thirds-percent dip in the S & P 500 through its signature rotational impulse. Some indicators — such as speculators remaining net short S & P 500 futures and brokerage strategists' muted index targets — imply the helpful wall of worry is not quite fully scaled. Since then, the S & P has delivered a 16.7% annualized total return, even after two bear markets and two other severe/prolonged corrections. And the S & P is only up 7% from its high 26 months ago, hardly in thin air.

Persons: what's, Eli Lilly, Martin Marietta, Nick Colas, Scott Chronert Organizations: Federal, Nvidia, Costco, pharma, Martin Marietta Materials, Vulcan, 3Fourteen Research, NYSE, Nasdaq, DataTrek, Citi

☆ Cramer's Lightning Round: GE HealthCare can go higher
▼ + stars: | 2024-03-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon GE HealthCare's year-to-date stock performance. Stock Chart Icon Stock chart icon Ares Capital's year-to-date stock performance. Stock Chart Icon Stock chart icon Coherent's year-to-date stock performance. Stock Chart Icon Stock chart icon Pure Storage's year-to-date stock performance. Stock Chart Icon Stock chart icon Manhattan Associates' year-to-date stock performance.

Persons: It's, Ares, I'm, Jim Cramer's Organizations: GE, GE HealthCare, GE Healthcare, Technologies, BWX Technologies, Qualcomm, Ares, Manhattan Associates

☆ Pimco's Sonali Pier lets her 'cautious contrarianism' speak for itself: The bets she's making now
▼ + stars: | 2024-03-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

In this article Follow your favorite stocks CREATE FREE ACCOUNTSonali Pier is a portfolio manager with PimcoPimco's Sonali Pier strives for outperformance. Pier has risen through the ranks since joining Pimco and is now a portfolio manager within the firm's multi-sector credit business. Her father also raised her to value education and hard work, Pier said. Where Pier is bullishRight now, Pier prefers developed markets over emerging markets and the U.S. over Europe. However we can most efficiently express our view and trade that will lead to the best total return," Pier said.

Persons: Sonali, Pimco Pimco's Sonali, Pier, she's, Morningstar, It's, Mike Mulach, Mulach Organizations: Princeton University, JPMorgan, Pimco, Morningstar, Fund, SEC, Bloomberg Global Credit Locations: New York, California, Russia, Ukraine, U.S, Europe, financials

☆ Cramer's Lightning Round: Transocean is 'too down and out'
▼ + stars: | 2024-03-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Sprout Social's year-to-date stock performance. Stock Chart Icon Stock chart icon MannKind's year-to-date stock performance. Stock Chart Icon Stock chart icon Riot Platforms' year-to-date stock performance. Stock Chart Icon Stock chart icon Transocean's year-to-date stock performance. Stock Chart Icon Stock chart icon SoFi's year-to-date stock performance.

Persons: Sprout, they're, it's, I've Organizations: Dutch Bros, Halliburton

☆ Bitcoin is set to make another run at the record and could rally to $98,000, according to chart analyst
▼ + stars: | 2024-03-06 | by ( Todd Gordon | ) www.cnbc.com time to read: +5 min

Bitcoin charged to new highs on Tuesday, but then retreated about 14%, sending a scare into the market. I've been following the bitcoin story for 10 years now, opened my first Coinbase account back in 2014 and bought bitcoin at $330. Are tech stocks — like semiconductors — acting as a leading indicator for bitcoin, signaling a sustained move through the highs? Higher rates and a higher dollar put downward pressure on U.S. tech stocks and bitcoin due to their positive correlation demonstrated above. As a result, tech stocks and Bitcoin are rallying.

Persons: Bitcoin, I've, Jerome Powell, Powell, bitcoin, It's, Gordon, GBTC Organizations: Nvidia, VanEck Semiconductor, BTC, Nasdaq, U.S ., Financial Services, Treasury, U.S, Elliott Locations: bitcoin

The Browns still have a shot to get more value out of their trade that sent three first-round picks and three lower picks to Houston for Deshaun Watson. Here's a look at some of the worst trades in the NFL over the years:HERSCHEL WALKER TO MINNESOTAPhotos You Should See View All 60 ImagesThe Cowboys launched their dynasty in the 1990s when Jimmy Johnson realized the high value of draft picks and turned Herschel Walker into a huge haul of them. The trades helped Dallas acquire draft picks that led to Emmitt Smith, Darren Woodson, Russell Maryland and Kevin Smith, who contributed to three Super Bowl titles. That led the Falcons to cut ties quickly, trading him after the season to Green Bay for a first-round pick. But the Seahawks were able to turn him into a first-round pick from quarterback-starved Chicago in 1997.

Persons: Russell Wilson, Deshaun Watson, Cleveland, Watson, HERSCHEL WALKER, Jimmy Johnson, Herschel Walker, Johnson, Emmitt Smith, Darren Woodson, Russell Maryland, Kevin Smith, Walker, RUSSELL WILSON, Peyton Manning, Wilson, O.J, Bill Walsh, Simpson, BRETT FAVRE, Brett Favre, Ron Wolf, Mike Holmgren, Favre, Tony Smith, TREY LANCE, Jimmy Garoppolo, Trey Lance, Lance couldn't, Brock Purdy, Sam Darnold, RICKY WILLIAMS, Mike Ditka, Ricky Williams, Williams, LaVar Arrington, CLINTON, CHAMP BAILEY, Champ Bailey, Clinton Portis, Bailey, RICK MIRER, Shawn Springs, Mirer, ___ Organizations: Denver Broncos, Cleveland Browns, Broncos, Seattle, Browns, Houston, NFL, Cowboys, Vikings, Dallas, DENVER The Broncos, Denver, FRANCISCO, 49ers, Buffalo, Niners, Bills, GREEN BAY Atlanta, Falcons, Packers, Super Bowl, North Dakota State, Saints, Washington, Pro Bowl, Fame, Seahawks, Bears Locations: MINNESOTA, Minnesota, Denver, Wilson, Francisco, Green, North Dakota, Washington, Seattle, Chicago

☆ Overvalued stocks like this one are at risk of a pullback following the rally. How to capitalize on it
▼ + stars: | 2024-03-06 | by ( Tony Zhang | ) www.cnbc.com time to read: +2 min

As the equity markets grind to new all-time highs, stocks that have been bid up over the past couple of months significantly beyond their average valuation are at risk of a pullback. In my opinion, the upside from here is limited and an opportunity to fade this incredible strength and momentum. We're just trading up against this trendline and a potential stopping point for this rally. Additionally, momentum indicators have reached severely overbought conditions that statistically point to a potential pullback in the short run. GE is effectively trading at the same price as it was in 2017, when it earned nearly three times more profits.

Persons: it's Organizations: Electric, GE

☆ Hip-hop legend Chuck D on advocating for healthcare price transparency
▼ + stars: | 2024-03-06 | by ( John Lynch | ) www.businessinsider.com time to read: +11 min

On Tuesday, he joined Fat Joe and Foo Fighters in a Washington, DC, event to advocate for healthcare price transparency. AdvertisementOn Tuesday, Chuck D of Public Enemy joined Fat Joe, Valerie June, and the Foo Fighters in a Washington, DC, event to advocate for greater price transparency in the US healthcare system. I was reached out to as they was trying to get the voice of hip hop, the voices of hip hop, to try to be that extra voice to get the importance of this across. I got projects with Def Jam, but you know, that's a fly in a big vat of buttermilk. But 40 years later, that's not gonna be the major way that you make people think, I don't think.

Persons: Chuck D, Joe, —, Valerie June, Fat Joe, Busta, Jelly Roll, Wyclef Jean, there's, I'm, who's, Martin Luther King, Taylor Hill, he's, Paul Morigi, David Grohl, Dave Grohl, I've, There's, Kurtis Blow, MC Lyte, that's Organizations: Power, Foo Fighters, Service, Public, Capitol, Rights, Price, Hip Hop Alliance, SAG, Swift, Foo, Def Locations: Washington, DC, American, United States of America, everybody's

☆ Cramer's Lighting Round: New Fortress Energy is a buy
▼ + stars: | 2024-03-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Palantir's year-to-date stock performance. Stock Chart Icon Stock chart icon UiPath's year-to-date stock performance. Stock Chart Icon Stock chart icon Schlumberger's year-to-date stock performance. Stock Chart Icon Stock chart icon New Fortress Energy's year-to-date stock performance. New Fortress Energy : I want you to buy it [buy, buy, buy!]."

Persons: I'm, Jim Whitehurst Organizations: Schlumberger, HAL, Unity Software, New Fortress Energy

☆ These 3 restaurant stocks are breaking out, according to the charts
▼ + stars: | 2024-03-06 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

This prompted us to investigate the group further, which revealed that various stocks are sporting constructive technical formations. Restaurant stocks charts showing strength McDonalds (MCD) has had a wild ride over the last 10 months and now sits at the same price level that it was trading at last April — eleven months ago. MCD isn't the only restaurant stock that's sporting an attractive technical pattern. On the weekly chart, Restaurant Brands International (QSR) looks very similar to MCD, having formed its own inverse-head-and-shoulders formation over the last year. While this is no indication of what could happen now to MCD, YUM and QSR, it shows how breaking through multi-year resistance can attract momentum.

Persons: that's, —, Frank Cappelleri Organizations: Brands, Texas

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