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Top Morningstar strategist David Sekera says there's one sector that "deserves a place in everybody's portfolio" right now — the energy sector. Stocks Sekara is betting on within the energy theme include Exxon Mobil and Devon Energy . Morningstar has a four-star rating on Devon Energy and says it is trading at a 22% discount to fair value. The investment research company gives stocks a rating of between one and five stars, with a top rating indicating that the shares are undervalued. Sekera says that U.S. stocks are now trading around 6% higher than their fair value.
Persons: David Sekera, George Bull, Sander Morris, Aaron Dunn, Donald Trump's, Morningstar, Trump, Sekera, Sekara Organizations: Morgan, Value, Exxon Mobil, Devon Energy, Exxon Mobile, U.S, Trump, U.S . Federal Reserve Locations: U.S, Morgan Stanley's
.SPX 1M mountain S & P 500, 1 month The S & P is still about 3-4% above levels where chart readers would start to get more concerned about the underlying trajectory. Even in Friday's 1.3% slide in the S & P 500, only two-thirds of all stocks were down on the day and the equal-weight S & P was off a modest three-quarters of a percent. It makes sense that the market wasn't able to summon a sustained thrust of exuberance after the election anxiety evaporated, given the somewhat demanding starting point. A more mature economic and risk cycle and vulnerability to higher rates among smaller, lower-quality stocks mean they aren't likely to lead from here, Pies says. Is the market presciently foretelling an unleashing of transactional fervor that will return Wall Steet's middlemen to their former glory?
Persons: Goldman Sachs, Russell, Jay Powell, Warren Pies, Goldman Organizations: Nasdaq, KBW, ICE, Trump, Federal Reserve, Investors, Bank, 3Fourteen Research, Wall Street Locations: Friday's
Select cheap names could be poised to jump in a postelection market, according to Jefferies. Indeed, after the 2016 and 2020 election, names with the cheapest valuations eventually performed well, while momentum plays lagged, Jefferies equity strategist Steven DeSanctis noted. "The cheapest names have lagged in November, since June 30th, and really since the start of the year. Here are a few of the names Jefferies turned up. Jefferies' $26 price target on the stock suggests nearly 7% potential upside for Carnival shares from its latest close.
Persons: Jefferies, Donald Trump's, Steven DeSanctis, DeSanctis, William Oplinger, Josh Weinstein Organizations: Nasdaq, Dow Jones, Jefferies, Alcoa, CNBC, . United Airlines, United Airlines
Mortgage rates continued to climb last week as investors considered the future of the economy under a Trump presidency. The mortgage market basically took a breather. “Mortgage rates continued to increase last week, driven by higher Treasury yields as financial markets digested the likely impacts of a Trump presidency,” said Joel Kan, the Mortgage Bankers Association’s deputy chief economist. Last year at that time, mortgage rates were 75 basis points higher. “FHA mortgage rates bucked the overall trend and were lower over the week, which likely helped some borrowers,” Kan said.
Persons: Trump, , Joel Kan, Kan, ” Kan, Matthew Graham Organizations: Mortgage, , Trump, Federal Housing Administration, U.S . Department of Veterans Affairs, Veterans, Mortgage News
Traders work on the New York Stock Exchange floor on November 12, 2024 in New York City. U.S. stock futures traded near the flatline Tuesday night as Wall Street awaited the latest consumer price index data for insights on the pace of inflation. S&P 500 futures and Nasdaq 100 futures also inched down around 0.1% each. Other notable economic data releases later this week include the producer price index data and retail sales numbers, which will be announced on Thursday and Friday, respectively. "This is a busy week with consumer prices, producer prices, and retail sales.
Persons: Dow, Tom Hainlin, Dow Jones, Scott Helfstein Organizations: New York Stock, Dow Jones, Nasdaq, U.S, Bank Wealth Management, Investors, Federal, Global, Fed Locations: New York City . U.S
Financial and energy stocks have jumped since last week's election, but there's another area of opportunity that investors could be missing out on, according to Janus Henderson. The market has rallied since President-elect Donald Trump' s victory, although it took a breather on Tuesday. However, financial stocks may have "gotten in a bit ahead of themselves," said Jeremiah Buckley, a portfolio manager at Janus Henderson. In addition, there is great research and development happening in health care right now, especially in health-care services, Buckley added. Among the funds Buckley oversees at Janus Henderson is the U.S. Dividend Income Fund .
Persons: Janus Henderson, Donald Trump, Jeremiah Buckley, Trump, Buckley, Eli Lilly, Amgen Organizations: Trump, P Health Care Services, UnitedHealth, Gilead Sciences
Live Nation Entertainment — Shares jumped 5% after the live music and entertainment company posted an earnings beat for the third quarter. Twilio — Shares moved 1.7% higher following an upgrade at Wells Fargo to overweight from equal weight. IAC — Shares rose 3% on news that IAC its weighing a spinoff of home improvement marketplace Angi. Shares rose more than 4% last week on the heels of the president-elect's victory. SentinelOne — Shares rose 1.6% after Deutsche Bank upgraded shares to buy from hold, saying the July outage related to CrowdStrike can help add to SentinelOne's momentum.
Persons: Elliott, Twilio, bitcoin, Robinhood, Microstrategy, Okta, — CNBC's Hakyung Kim, Michelle Fox, Lisa Han, Sarah Min, Jesse Pound Organizations: Honeywell —, Elliott Management, Honeywell, Aerospace, Automation, IAC, Trump Media & Technology, Deutsche Bank Locations: Wells
CNBC's Jim Cramer examined Tuesday's market action, saying the rally fueled by the victory of President-elect Donald Trump took a breather as Wall Street weighs what broad tax cuts could mean for the bond market. Cramer called the day's moves a "sobering reaction to the potential unfunded tax cuts from the bond market," as both the 10-year and 2-year Treasury yields surged more than 4%. The bond market and the stock market usually have a negative correlation, with investors coming in and out of each depending on yields. Trump campaigned on the promise of tax cuts across a wide swath of sectors. Many on Wall Street expect these cuts will come in aggregate, but remain unsure of the specifics, Cramer noted.
Persons: CNBC's Jim Cramer, Donald Trump, Cramer, Trump, Elon Musk Organizations: Dow Jones, Nasdaq Locations: U.S
ET, bitcoin was trading 3.6% higher at $82,216, according to Coin Metrics. Stock Chart Icon Stock chart icon Bitcoin touches $80,000 on Sunday for the first time ever. "His pledge to go all in on crypto has sent Bitcoin to fresh heady heights," she said in a research note Monday. "He's made an about turn on supporting the industry and is now vowing to turn the U.S. into the crypto capital of the world. On the campaign trail, Trump made a slew of promises to the crypto industry, including making the U.S. the "crypto capital of the planet" and insisting that all bitcoin should be mined in the country.
Persons: Chukrut, cryptocurrencies, Donald Trump's, XRP, Memecoins, Shiba, Susannah Streeter, Hargreaves Lansdown, He's, clement, Trump, Gary Gensler — Organizations: Getty, Metrics, U.S, U.S . Securities, Exchange Locations: U.S
Dollar winds down after volatile week, China NPC in focus
  + stars: | 2024-11-08 | by ( ) www.cnbc.com   time to read: +4 min
The dollar further unwound some of its sharp gains from earlier in the week as traders closed out profitable bets on a Trump presidency after his election victory. That helped lift sterling back toward the $1.30 mark, while the yen similarly got some respite and hovered closer to the 153 per dollar level. Sterling last traded $1.2983, recovering from its fall to a roughly three-month low earlier in the week. Against a basket of currencies, the dollar ticked up 0.03% to 104.44, on track to gain just above 0.1% for the week. "All eyes are on what may emerge from China's policy toolkit after the conclusion of the NPC standing committee meeting."
Persons: Donald Trump's, Chancellor Olaf Scholz, Kerry Craig, Trump, Wells, Jay Bryson, Sterling, David Chao Organizations: White, National People's Congress, Trump, Federal Reserve, Morgan Asset Management, Traders, Bank of England, NPC, New Zealand, Asia Pacific, European Union Locations: U.S, Beijing, Germany, Wells Fargo, Japan, Invesco
Editor’s Note: CNN’s 5 Things newsletter is your one-stop shop for the latest headlines and fascinating stories to start and end your busy day. The day after a high-stakes presidential election usually brings elation on one side and dejection for the other. Now’s the time to take a breather and practice a little self-care. Today, the suburban New York dad has dedicated his life — and developed a video game — to help save other young people from overdoses. 3️⃣ Poignant postcard: In 1912, a first-class passenger on the Titanic scrawled a message in pencil to someone back home in England.
Persons: ake, ike, rance, riends, tim, Tod, Coll, egon, Georg, Richard Locations: ife, nsw, Ohio
How to cope with post-Election Day stress
  + stars: | 2024-11-06 | by ( Sandee Lamotte | ) edition.cnn.com   time to read: +7 min
Just as in 2020, now is a good time to pause and analyze your physical and emotional stress. “How we view our stress actually matters to our health,” said Dr. Cynthia Ackrill, a stress management expert and former editor for Contentment magazine, produced by the American Institute of Stress. Deep, slow belly breathing activates the parasympathetic nervous system to counteract stress signs such as an elevated heart rate and a burst of adrenaline. “Everyone needs regular practices to notice when stress is taking hold and a (tool belt) of ways to deal with it. “Because the election hype has been so divisive, it can strain our relationships, especially with those who don’t share our viewpoints,” she said.
Persons: Donald Trump, , Cynthia Ackrill, ” Ackrill, Cortland Dahl, Ackrill, , Don’t, Tania Israel, ” Israel, Israel, Caroline Hopper, ” Hopper Organizations: CNN, House, American Institute of, University of California, “ Media, Citizenship &, The Aspen Institute, Aspen Institute Locations: , Santa Barbara
I decided to take a job across the country in Alaska because I thought it would help my career. It was a huge mistake, and I lost most of my friends, but I learned not to put my career first. Near graduation, an exciting opportunity arose to pursue an internship in my dream field halfway across the country in Alaska. I said yes, moved to Alaska, and lost many of my friends in the process. While I regret the friends I've lost because of my past choices, I'm grateful that I've learned what matters now instead of years later.
Persons: , I've Organizations: Service Locations: Alaska
Jeanne Pastrano quit her $200,000-a-year job in New York after feeling burned out. Pastrano quit her job in April after feeling burned out. Business Insider has reviewed compensation documentation for her previous job and her current job as a strategic account manager at Sardine. It was months and months of planning and preparing financially. AdvertisementI was very transparent about my career break on LinkedIn and in interviews.
Persons: Jeanne Pastrano, , Pastrano, I'd, you've Organizations: Service Locations: New York, New Jersey
In the weeks following their move, Chris found out that his father was planning to sell the family business, the Wheels Motel in Greybull, Wyoming. Still, knowing that his dad couldn't run the motel forever, Chris had previously run the possibility of buying it by Roxanna. The Wheels Motel is located in Greybull, Wyoming, about 100 miles from the east gate of Yellowstone National Park. Chris and Roxanna Harwood purchased the Wheels Motel from Chris' father in 2017. "This will be one of maybe two or three years that we've shown profitability with the motel," Chris says.
Persons: Chris, Roxanna, They'd, he'd, couldn't, Levi Stallings, she'd, Roxanna —, , they've, Ronan, Roxanna Harwood, Harris, it's, they're Organizations: Roxanna, CNBC, Navy, University of Wyoming, Colorado State, Microsoft, Gas, BMW Locations: Loveland , Colorado, Greybull , Wyoming, Yellowstone, Bighorn, it's, Billings , Montana, Greybull, Wyoming, Laramie, Hulu, Billings
The analyst raised its price target on Palo Alto Networks to $446 (a new Street high) from $421, Check Point Software to $183 from $170, and Fortinet to $105 from $69 while naming it a top pick. There was no action on recent portfolio addition CrowdStrike because the note's focus was on network security. The Morgan Stanley note reinforces our decision to own both Palo Alto Networks and CrowdStrike. With Palo Alto Networks, it's a couple of quarters away from the beginning of a product refresh cycle. Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.
Persons: Jim Cramer, Bonds, Morgan, CrowdStrike, Morgan Stanley's, Morgan Stanley, Lockheed Martin, Jim Cramer's, Jim, Arora Nikesh, Adam Galica Organizations: CNBC, Federal Reserve, Palo Alto Networks, Alto, Security, Logitech, Zions Bancorp, GE Aerospace, Verizon, GM, Jim Cramer's Charitable Locations: Treasuries, Palo, Davos, Switzerland
US stocks dipped as investors await third-quarter earnings from major S&P 500 companies. The slight decline on Monday follows a six-week win streak and record highs for S&P 500 and Dow Jones. AdvertisementUS stocks took a breather on Monday, with all three major indexes moving slightly lower as investors prepare for another wave of third-quarter earnings. More than 20% of S&P 500 companies are set to report results this week, including Coca-Cola, Tesla, and UPS. So far, investors should be feeling good about third-quarter earnings results.
Persons: Dow Jones, , Tom Lee, Fedspeak Organizations: Service, Dow Jones, UPS, Federal Reserve
Semiconductor stocks are rebounding in reaction to a beat-and-raise earnings report from Taiwan Semiconductor . NEXTracke r: Shares of solar stock Nextracker are having another rough day, dropping roughly 3%. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023.
Persons: Jim Cramer, Donald Trump, Joe Biden, Trump, there's, we've, Jim Cramer's, Jim, Amber Wang Organizations: CNBC, Semiconductor, Taiwan Semiconductor, Nvidia, Apple, Taiwan Semi, ASML Holdings, Treasury, Atlanta, JPMorgan, Nextracker, Microsoft, Republican, Netflix, Procter, Gamble, American Express, Jim Cramer's Charitable, Taiwan Semiconductor Manufacturing Company, Center, Afp, Getty Locations: Taiwan, Hsinchu, AFP
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Breather from rally U.S. markets fell Monday, weighed down by a drop in semiconductor stocks and a 8.1% slide in UnitedHealth . Tech stocks fell 6.36%, while telecoms stocks rose 1.97%. Indeed, San Francisco Fed President Mary Daly, who's a member of the Federal Open Market Committee this year, noted that the central bank is "a long way from where [rates are] likely to settle."
Persons: ASML, there's, They're, Michael Hartnett, Mary Daly, who's, Dow, Piper, Craig Johnson, , Jeff Cox, Samantha Subin, Yun Li, Lisa Kailai Han, Alex Harring Organizations: New York Stock Exchange, CNBC, UBS, Tech, ASML's, Bloomberg, Nvidia, AMD, Semiconductor, Nasdaq, Dow Jones, Dow, Survey, U.S . Federal Reserve, San Francisco Fed, Federal Locations: New York City, U.S, Tuesday's, Netherlands, ., Beijing
And, with earnings season set to ramp up, that could mean further gains. Already, on Friday, JPMorgan Chase and Wells Fargo were rallying in midday trading after reporting their latest results this week, an auspicious start to the earnings season. A strong earnings season Earnings results next week will be dominated by reports from the banking sector, giving investors further insight into the health of the capital markets as well as the consumer. Several regional banks are also set to announce how they did in the most recent quarter as well, such as PNC Financial Services Group and Citizens Financial Group. Even so, investors are optimistic about the outlook for corporate profits this earnings season, especially with expectations having come down.
Persons: what's, Oppenheimer, Wells Fargo, Charlie Ashley, Ashley, Goldman Sachs, Morgan Stanley, Ross Mayfield, Catalyst's Ashley, Baird's Mayfield, Mayfield, Charles Schwab, Huntington Bancshares Organizations: Dow Jones, Tech, Nvidia, JPMorgan Chase, Traders, Federal Reserve, Catalyst Funds, Nasdaq, Ashley . Bank of America, PNC Financial Services Group, Citizens Financial Group, Private Wealth Management, Treasury, Columbus, Columbus Day, Index, United Airlines, Hunt Transport Services, Citigroup, State, Goldman Sachs Group, Walgreens Boots Alliance, Johnson, Bank of America, PNC Financial Services, UnitedHealth, Price, PPG Industries, Steel Dynamics, Discover Financial Services, CSX, Abbott Laboratories, U.S . Bancorp, Financial Group, Philadelphia Fed, Retail, Manufacturing, Netflix, T Bank Corp, Elevance, Truist, Blackstone, Housing, Schlumberger, Procter, Gamble, Fifth Third Bancorp, Regions Financial, American Express Locations: Ashley, bullish, Prologis, NAHB
The New Zealand dollar slumped to its lowest since Aug. 19 at $0.6096, after the Reserve Bank of New Zealand cut interest rates by 50 basis points. A majority of economists in a Reuters poll last week had predicted a big half a percentage point cut. The central bank kicked off an easing cycle in August seeking to trim rates from 15-year highs. The U.S. data calendar this week is relatively light, offering a breather after a strong jobs report on Friday sent the dollar jumping and markets repricing the expected scale of upcoming interest rate reductions. On Wednesday, investors will get minutes of the Fed's September meeting, which will show discussions about what at the time had appeared to be a deteriorating labor market that ended with all but one policymaker agreeing to a 50-basis point cut.
Organizations: New Zealand, Reserve Bank of New Locations: United States, Reserve Bank of New Zealand, U.S
View at Amazon What we like Check mark icon A check mark. Comes with additional fill if you prefer a firmer pillowCheck mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark.
Organizations: Business, Casper, Pillow, Beckham
US stocks fell Monday as investors assessed interest rate moves after Friday's strong jobs report. The 10-year Treasury yield rose above 4% for the first time since late July. Investors will focus on earnings season and the upcoming September CPI report this week. AdvertisementUS stocks dipped to start the week as investors assessed the outlook for interest rates following the strong September jobs report. The September CPI report is also on the economic calendar this week, set to be released on Thursday.
Persons: Organizations: Treasury, Service, Dow Jones, Federal Reserve, Investors, PepsiCo, Here's
Arizona similarly responded to a blowout loss to Kansas State with a road win at Cam Rising-less Utah. UCF (3-1) at Florida (2-2), 7:45 p.m., SEC NetworkFlorida head coach Billy Napier survived a road win at Mississippi State and subsequent bye week, now the hot-seat watch resumes in Gainesville. Rutgers, however, has an easy schedule by Big Ten standards, avoiding Ohio State, Oregon, Penn State, Michigan and Indiana. It’s also a potential trap game for Ohio State, with a road trip to Oregon next week and games against Nebraska and at Penn State on the horizon. Line: Ohio State -19.52.
Persons: Pitt, James Madison, Caullin Lacy, Brooks, Billy Napier, Cam Ward, Cal, Jaydn Ott, Ole Miss, Ole, Lane Kiffin’s, Miss can’t, Kyle Monangai, hasn’t, It’s, There’s, it’s, Luther Burden, Rick Ulreich Organizations: Georgia –, UNLV, Navy, Air Force, Oklahoma State, Clemson, Florida State, USC, Minnesota, SMU, ESPN, Notre Dame, BYU, TCU, ACC ., Texas Tech, Fox, . Texas Tech, Kansas State, Cam, UCF, SEC Network Florida, Mississippi State, Knights, Gators, NBC, Michigan, Washington, Rutgers, Miami, Cal, ESPN ACC, GameDay, Virginia Tech, Golden Bears, Rebels, LSU, Ole Miss, SEC, FBS, Purdue, Cornhuskers, Nebraska, Indiana , Ohio State, Big Ten, Big, Ohio State, CBS, Buckeyes, Hawkeyes, Penn State, Iowa State, ABC Tennessee, Oklahoma, Vols, Georgia, Arkansas, Hogs, ESPN’s, ABC, Boston College, Vanderbilt, Texas, Getty Locations: Georgia, Georgia – Alabama, North Carolina, West Virginia, ULM, Louisville, Arizona, Utah, Florida, Gainesville, The, Michigan, Washington, Texas, Berkeley, Miami, South Carolina, Kentucky, Oklahoma, Columbia, Nebraska, Illinois, Indiana ,, Ohio State , Oregon, Penn State , Michigan, Indiana, : Nebraska, Iowa, Ohio, Columbus, Oregon, Tennessee, Arkansas, Alabama, Missouri, Mizzou
“The idea was that all you need to defend against antisemitism is a table and a couple of Jewish students willing to have a conversation,” he explained. “It was a very difficult time and a lot of Jewish students started to become scared. “Jewish students had a terrible year last year,” Emma Hallali, president of the European Union of Jewish Students (EUJS), an umbrella organization representing 160,000 young people in 36 different countries, told CNN. “The community of Jewish students in Oxford has never been stronger and it’s a really vibrant place to be,” he said. The Union of Jewish Students President Sami Berkoff (left) with Solicitor General Sarah Sackman at a meeting to discuss the concerns of Jewish students.
Persons: Andrew Milligan, , “ We’ve, Jewish Students Gil, , Gil, judenrats, weren’t, David, we’re, Dave Rich, Rich, Joe Giddens, aren’t, there’s, Rabbi Michael Rosenfeld, “ I’d, ” Emma Hallali, Emma Hallali, Hallali, Emilia Kartovaara, Emilia, Kartovaara, ” Markus Laitinen, Laitinen, Rosenfeld, Sami Berkoff, Berkoff, UJS, Sarah Sackman, Sackman, isn’t Organizations: CNN, Community Security Trust, Jewish, Old College, University of Edinburgh, University of Leeds ’ Hillel House, Hillel House, Jewish Students, University of Leeds, ” Universities, Cambridge University, Oxford University, Oxford, European Union of Jewish Students, University of Helsinki, UK Union of Jewish Students, Union of Jewish Students Locations: United Kingdom, Israel, Gaza, Leeds, England, The, United States, Western, France, Germany, Netherlands, Europe, Finland, Helsinki, Oxford
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