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While Wall Street is confident that there will be a continued boom under Trump, UBS GWM is less sure. "AI infrastructure spending remains robust, and we expect key semiconductor components needed for AI to remain supply constrained in 2025, supporting pricing," UBS GWM strategists wrote. "We believe investment-grade bonds offer attractive yields and expect mid-single-digit returns in US dollar terms," UBS GWM strategists wrote. "In 2025, we believe gold will remain an effective hedge against key political concerns, including government debt levels, inflation, or geopolitical tensions," UBS GWM strategists wrote. Residential and commercial properties both make sense, though UBS GWM specifically cited property types like logistics, data centers, and multifamily housing.
Persons: Donald Trump, Mark Haefele, UBS GWM, Haefele Organizations: UBS Global Wealth Management, UBS GWM, Trump, UBS, Technology, Utilities Locations: Japan
AdvertisementComcast is looking to separate from most of its cable networks. Comcast wasn't bluffing about unloading its steadily declining cable TV networks. Related Video Why MassMutual is all in on the Boston Red Sox, according to CMO Jennifer HalloranNotably, Comcast's NBCUniversal isn't biding all of its cable networks adieu, however. However, Moffett said that the spun-off networks likely make more sense with Comcast than on their own. AdvertisementWhatever the fate of the spinoff, Comcast clearly sees the value of Bravo's scripted content, compared to the more challenged TV news business.
Persons: Jennifer Halloran, Comcast's, Bravo, Peacock, Brandon Katz, Katz, Nielsen, Michael Hodel, Craig Moffett, MoffettNathanson, Moffett, Rich Greenfield, Brian Wieser, Wieser Organizations: Comcast, Bravo, Boston Red Sox, NBC, Syfy, USA Network, Morningstar, NBA, Lightshed Partners, Madison, Investors Locations: Wall
Here's what may be behind the move as Bob Iger looks to solidify his legacy. Disney's head-turning decision to share three years' worth of earnings guidance is a fascinating strategic move — and may be part of a bigger play from legacy-minded CEO Bob Iger. The Mouse House pleased analysts this week with its quarterly earnings report, as operating income rose 23% while revenue advanced by 6%. AdvertisementBob-ing and weavingDisney's earnings report and presentation were littered with comparisons to two years ago, which seems deliberate — if subtle. Advertisement"I would guess Bob Iger is feeling the pressure to demonstrate that he has set the company back on the right track," Nollen said.
Persons: Bob Iger, Tim Nollen, Robert Fishman, Iger, Bob, Bob Chapek, , Chapek, what's, Nollen, it's Organizations: Disney, ESPN, Macquarie, Business, MoffettNathanson
AdvertisementHowever, BlackRock's Gargi Chaudhuri doesn't think President-elect Trump deserves all the credit for this astounding market rally. "Obviously, there have been some pretty sharp movements over the course of the last week," Chaudhuri told Business Insider. Corporate earnings growth is arguably the most compelling reason to stick with US stocks following what's been another outstanding performance this year. "One of the things that the equity market has done over and over again is continue to surprise us in terms of earnings growth," Chaudhuri said. AdvertisementWhere to invest in a rosy 2025Two sectors with abnormally strong earnings prospects are financials and industrials, Chaudhuri said.
Persons: BlackRock's Gargi Chaudhuri, , Donald Trump's, there's, BlackRock's Gargi Chaudhuri doesn't, Trump, Chaudhuri, They've, they're, " Chaudhuri Organizations: Service, BlackRock, Federal Reserve Locations: Americas
Here are 14 companies that will benefit from the upswing, according to Morgan Stanley. Advertisement"This holiday season is likely to see stronger spending than last," Morgan Stanley strategists led by Michelle Weaver wrote in a November 13 note, citing sentiment from her firm's economists. Morgan StanleyHowever, that's not to say that all companies will equally enjoy that surge in holiday spending. AdvertisementIn the note, Weaver and her team outlined 16 companies with significant exposure to holiday spending, though only 14 of those stocks have bullish ratings from Morgan Stanley analysts. Each is accompanied by its ticker, market capitalization, price-to-earnings (P/E) ratio, industry, and commentary about that industry from Morgan Stanley.
Persons: Morgan Stanley, Michelle Weaver, Morgan Stanley Holiday, Rich, Weaver, they'd, Morgan, haven't, that's Organizations: National Retail Federation, Black
Katherine Schwarzenegger Pratt and Chris Pratt welcomed their third child together, a baby boy named Ford Fitzgerald Schwarzenegger Pratt, on Friday“We are overjoyed to announce the birth of our son, Ford Fitzgerald Schwarzenegger Pratt. When Schwarzenegger Pratt and Pratt married in 2019, the couple had already begun building a family with Pratt’s son, Jack, from his previous marriage to Anna Faris. One year after they were married, Pratt proudly announced the birth of his and Schwarzenegger Pratt’s first child together. “Lyla Maria Schwarzenegger Pratt,” the post reads. “Eloise Christina Schwarzenegger Pratt,” Schwarzenegger Pratt wrote in her announcement.
Persons: Katherine Schwarzenegger Pratt, Chris Pratt, Ford Fitzgerald Schwarzenegger Pratt, ” Love, Katherine, Chris, Instagram, Schwarzenegger Pratt, Pratt, Pratt’s, Jack, Anna Faris, Schwarzenegger Pratt’s, , “ Lyla Maria Schwarzenegger Pratt, Love Katherine, Eloise Christina Schwarzenegger Pratt, ” Schwarzenegger Pratt, Organizations: “ Guardians, Galaxy
AdvertisementUS stocks have been on a tear since Trump's win. "Let me tell you something: If Trump enacted 50% of what he's saying, you'll have a stock market crash, the likes that you haven't seen since the 1920s," Scaramucci said. You'll crush the economy; you'll crush our tax revenues; you'll flip upside down the job market," Scaramucci said. "They will not be ready for that, and so the stock market will have gotten wrong the current movement." "My guess is that the stock market aficionados, the stock market experts, are probably right," Scaramucci said.
Persons: SkyBridge Capital's Anthony Scaramucci, Trump, there's, Scaramucci, , Anthony Scaramucci, it's, Bitcoin, Donald Trump's, didn't, David Bahnsen, he's, — Elon Musk, Elon, Tom Orlik, David Kelly, ​ ​, Susie Wiles Organizations: Service, House, SkyBridge, Business, Nasdaq, Russell, Trump, Bloomberg Economics, JPMorgan Asset Management, Republican
CNN —Chris Pratt and Katherine Schwarzenegger are the proud parents to a new baby boy. On Monday, the couple announced that they’re “overjoyed” to share that they’ve welcomed a son named Ford Fitzgerald Schwarzenegger Pratt to their growing brood. “Mama and baby are doing well and Ford’s siblings are thrilled by his arrival,” Pratt and Schwarzenegger announced in a joint Instagram post. Schwarzenegger, who is the eldest daughter of journalist Maria Shriver and Arnold Schwarzenegger, wed Pratt in 2019. Shortly after she gave birth to their first daughter Lyla, Schwarzenegger opened up about the joys of motherhood in a blog post published to Shriver’s website.
Persons: Chris Pratt, Katherine Schwarzenegger, they’re, , they’ve, Ford Fitzgerald Schwarzenegger Pratt, ” Pratt, Schwarzenegger, Eloise, Pratt, Jack, Anna Faris, Maria Shriver, Arnold Schwarzenegger, Lyla, Organizations: CNN
Here are eight top places to invest, based on insights from seven market strategists. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A robust, multi-year bull market rally for US stocks reached another gear after the businessman-turned-politician won the presidential election. Traders are convinced that the bulk of Trump's economic policies, which include tax cuts and fewer government regulations, will create a business-friendly backdrop that drives stocks higher. AdvertisementThe world is awash with cash, making scarce assets like gold and bitcoin more valuable, and Thorne also noted that global economic growth is slowing.
Persons: Donald Trump's, , Donald Trump, David Bahnsen, Kamala Harris, Jeff Schulze, John Maynard Keynes, Anthony Saglimbene, Keynes, Schulze, Saglimbene, Jim Baird, Plante, Sébastien, Rowe Price, Page, Sean Gallagher, Gallagher, Ameriprise, Bahnsen, Jim Thorne, who's, Thorne, Trump Organizations: Investors, Service, Business, Street Global Advisors, ClearBridge Investments, Trump, Financial, Tech, Federal Trade Commission Locations: Trump's, ClearBridge, Canada, Wellington, Altus
He won the popular vote, he won the Electoral College vote, and so he's going to be president of the country." However, Scaramucci still believes Harris made some mistakes on messaging. 4 reasons why Trump won back the White HouseCandid as ever, Scaramucci settled on a quartet of reasons as to why Trump defeated Harris. Now that Trump appears to have won the popular vote, as well as the Electoral College, Scaramucci believes there are no more excuses for Democrats. He believes Trump critics, including himself, must take a hard look in the mirror before the next election.
Persons: Donald Trump, Kamala Harris, Harris, Scaramucci, , Anthony Scaramucci didn't, Trump, he's, Elon Musk, I'm, Joe Biden, Barack Obama's, Stephen Colbert, she's Organizations: Service, House, Electoral, Trump, Biden's, FCC, MSNBC, CNN, Electoral College Locations: Pennsylvania, American, America
US stocks had one of their best days in years and hit new records after Trump's resounding win over Kamala Harris in Tuesday's election. Both of those moves make sense, said David Kelly, the global strategy chief at JPMorgan Asset Management, in an interview on Wednesday. AdvertisementThe strategy chief has been adamant that higher tariffs — one of Trump's key proposals — would cripple the US economy and endanger the global economic expansion. Related storiesMost economists condemn tariffs, which are taxes on imports, because they tend to lead to higher prices and lower economic growth. Sean Gallagher, the global head of Lazard's small-cap equity platform, made a similar point in a recent interview with Business Insider when asked about Trump's tariffs and Kelly's stance.
Persons: Stocks, Donald Trump, David Kelly, Wall, he's, , Donald Trump's, Trump's, Kamala Harris, Kelly, Trump, Mahatma Gandhi, I'm, I've, Tom Orlik, who's, Chris Murphy, Susquehanna's, Orlik, Sean Gallagher, Gallagher, maven, He's, inflation's Organizations: House . Market, Service, Nasdaq, US, JPMorgan Asset Management, Republican, JPMAM, Bloomberg Economics, Business, Trump Locations: Tuesday's
The S&P 500 has an outstanding track record after major rallies in the first 10 months. Here's why history and other key catalysts are on the market's side, according to Truist. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMore than seven decades' worth of data suggest that US stocks will end 2024 on a high note. Drawdowns are inevitable, as Lerner noted that the S&P 500 typically pulls back by 5% or more three times per year.
Persons: Stocks, , that's, Keith Lerner, Truist, Lerner Organizations: Service, Bank of America, Federal, Fed
Here are 39 quality economically sensitive stocks to buy, according to Morgan Stanley. Economically sensitive stocks, including financials and industrials, took off in anticipation of that result and caught fire after it became official. Several parts of the stock market seem to be preparing for another Trump presidency, according to Morgan Stanley. "Markets generally welcomed a reflationary playbook in 2016," Wilson wrote. AdvertisementRegardless of who's in office, Morgan Stanley outlined a list of 39 economically sensitive stocks that should do well.
Persons: Donald Trump, Morgan Stanley, , Trump, Kamala Harris, It's, Harris, Mike Wilson, Wilson, that's, it's Organizations: Service, Trump, Consumer, Federal Reserve Bank of St, Louis Locations: Financials
Home transaction activity is up since mortgage rates are down from their peak. The US housing market perked up after mortgage rates plunged from their mid-summer peak through mid-September, even though they've experienced a remarkable resurgence since then. Pending home sales rose 7.4% in September, which was the largest leap since the spring, a late-October report from the National Association of Realtors found. "Further gains are expected if the economy continues to add jobs, inventory levels grow, and mortgage rates hold steady." 7 affordable cities with home inventoryEven though homeowners have been reluctant to give buyers a discount, there are still places where aspiring proprietors can find fair deals.
Persons: , they've, Lawrence Yun, Realtor.com, Ralph McLaughlin Organizations: Service, National Association of Realtors Locations: Realtor.com
Comcast's Mike Cavanagh said the company will explore ditching its cable networks. AdvertisementComcast said this week it might separate from its cable networks and marry off its streaming service. Mike Cavanagh, Comcast's president, floated the idea Thursday of spinning out cable networks like CNBC and MSNBC into a new firm while holding on to NBC. Several industry analysts said that Comcast could increase its valuation by divorcing itself from its declining cable networks, as it would help emphasize its burgeoning streaming business. "The cable networks likely have little value on their own.
Persons: Comcast's Mike Cavanagh, Peacock, , Mike Cavanagh, Cavanagh, Jessica Reif Ehrlich, isn't, John Hodulik, Craig Moffett, Moffett, Insider's Peter Kafka, Michael Hodel, Tim Nollen, Rich Greenfield, Greenfield, it's, David Zaslav, WBD, NBCU, Brandon Katz, Max, Katz Organizations: Wall Street, Service, Comcast, CNBC, MSNBC, NBC, Disney, ABC, Bank of America, Warner Bros, UBS, Morningstar, Lightshed Partners, Starz, WBD's, NBA, Paramount, Max Locations: MoffettNathanson, USA
Here are 16 real-estate markets where renters can save big. That's virtually unchanged from September's rate of $1,533, though it's 1.9% higher than the median price from a year ago. Two-bedroom setups went for around $1,910 in the nation's 100 largest real-estate markets, only a few dollars lower than last month and 2.6% higher than in October 2023. 16 cities where rent is reasonableEven though rent is stubbornly high on the national level, there are several cities among the 100 biggest rental markets where apartments are increasingly affordable. Along with each city are its year-over-year and month-over-month rent changes and its median rent, the savings compared to the national median, and its rank among the 100 top US real-estate markets.
Persons: , Zumper, that's, hasn't, Anthemos Georgiades Organizations: Service
It will be the sixth installment of the "Scary Movie" franchise. Advertisement"Scary Movie" is back, and fans want to know which films it will parody and if the original cast will return. Marlon and Shawn Wayans created the "Scary Movie" franchise in the late 1990s, and their brother, Keenen Wayans, directed it. The two stars appeared in every "Scary Movie" aside from 2013's "Scary Movie 5." If their doing a scary movie reboot.. what big horror movie/movies came out in the last decade that they could parody??
Persons: Wayans, , Marlon, Shawn Wayans, It's, Shawn, Keenen Wayans, Jonathan Glickman, Anna Farris, aris, layed, amie K ennedy), cary, ecade, ince, oing Organizations: Service, Miramax, Paramount, Hollywood, Regina Hall, aris, ust
Corporate earnings growth, productivity growth, and business fixed investment all seem to be headed in the right direction as well. Related storiesThese signals have given David Kelly, JPMAM's chief global market strategist, great confidence. Such tariffs would cause "seismic shocks to the US economy," Tom Orlik, the chief economist at Bloomberg Economics, said earlier this month. Charles Schwab global investment strategy chief Jeffrey Kleintop cited tariffs as a top risk back in June. "But oddly enough, the global economy bounced back anyway.
Persons: David Kelly, , JPMAM, Kelly, Donald Trump who's, Tom Orlik, Charles Schwab, Jeffrey Kleintop, I'd Organizations: JPMorgan Asset Management, Service, Asset Management, Federal Reserve, Bloomberg Economics, Peterson
The glass-half-full view is that price increases for single-family rental units are rather low, at least compared to the surges early in the pandemic. There's a similar dynamic going on in the single-family rental market, according to Rentometer. Fewer single-family units to choose from means that tenants have less bargaining power and may be forced to accept rent increases. 19 cities where rent is quickly slidingAlthough rent broadly is on the upswing, there are many cities where single-family rental units are getting cheaper, even if they're admittedly few and far between. Below are those places, along with their average rent and rent growth in the third quarter, plus their region.
Persons: homebuyers, , Rentometer Organizations: Service, Savings, Business Locations: Midwest, Northeast, Southeast
Here are 13 top stocks that are cheap and have above-average earnings growth. Mega-cap growth stocks dusted their smaller peers for 18 months, beginning in early 2023. These firms have above-average earnings growth and cheaper-than-average valuations, and they have an impressive record of outperformance over the last few decades. Without potent earnings, GARP stocks could risk falling into the "value trap" category. Cheaper GARP stocks should become more appealing in that backdrop, according to BMO, and historical performance backs that up.
Persons: , Brian Belski, he's, Belski Organizations: BMO Capital Markets, Service, BMO Capital, BMO, Markets
The trajectory of mortgage rates may help determine what happens to down payments. Borrowing costs, savings rates sway down paymentsAny analysis of down payments that doesn't mention mortgage rates would be incomplete. The 30-year fixed mortgage rate hit a two-decade high of 7.8% last October and has steadily fallen for most of the last 12 months. AdvertisementBut there's a less rosy explanation for lower down payments: buyers can't afford to pay more. The personal savings rate in the US was 4.8% in August, according to Realtor.com, which was up from the inflation-stretched low of 2% in June 2022.
Persons: , Hannah Jones, Buyers, Jones Organizations: Service, homebuyers, Federal Locations: Texas, Florida, Montana, Washington
However, real estate — specifically the commercial side — may be poised to take off. "This is absolutely the largest generational opportunity to invest in real estate in a long time," Issar said at the conference. "This is a time for investors to step in, move into attractive pricing, move into asset classes like non-core real estate." Investors can bet on a commercial real estate rebound by working with JPMAM's team, or on their own through publicly traded real estate investment trusts (REITs). "That is the modernization of the new direct real estate that is going to be really attractive for investors in the future."
Persons: Goldman Sachs, , Goldman Sachs Goldman Sachs, they're, That's, David Kelly, what's, JPMAM, Kelly, David Lebovitz, Monica Issar, Issar Organizations: JPMorgan Asset Management, Service, Asset Management, Management, JPMorgan Private
US stocks usually fall in autumn. "The amount of warning you often get between the peak happening and a pretty significant downturn is pretty limited, right? "What usually happens in an election year is, November and December are pretty bullish for stocks," Keller said. The veteran strategist also talked about what he's half-jokingly calling "Dave's election-proof portfolio" of investments. AdvertisementBelow are Keller's best ideas for either a Trump or Harris win, plus five investments that should be fine either way.
Persons: Stocks, David Keller, , hasn't, Keller, shouldn't, Harris, Whoever's, he's, Donald Trump, Kamala Harris Organizations: Service, Sierra Alpha Research, Trump
What to watch this weekend
  + stars: | 2024-10-18 | by ( Lisa Respers France | ) edition.cnn.com   time to read: +5 min
As the temperatures drop, you may want to stay closer to home or at the very least indoors. In addition to directing the film, Kendrick stars as Cheryl Bradshaw, who appeared as a bachelorette in an episode of “The Dating Game” in 1978, where she crossed paths with the murderer. “Smile 2”Naomi Scott stars in "Smile 2." “Goodrich”Michael Keaton and Mila Kunis in “Goodrich” Stay Gold FeaturesMichael Keaton is in for a good weekend. Jennifer Rose Clasen/HBOIf you don’t know about the phenomena of “Florida Man,” get thee to a search engine.
Persons: Tony Hale, Ed, Anna Kendrick, Sheryl, Matt Visser, Jedidiah, Daniel Zovatto, Rodney, Leah Gallo, Rodney Alcala, Kendrick, Cheryl Bradshaw, Naomi Scott, Ray Nicholson, That’s, Jack Nicholson, , Skye Riley, Skye, Anora, Mikey Madison, Palme, Mark Eydelshteyn, , Greta Gerwig, Ernst, Lubitsch, Howard, “ Goodrich ” Michael Keaton, Mila Kunis, “ Goodrich, Michael Keaton, “ Goodrich ”, Keaton, Andy Goodrich, Melissa Peterman, Gabby, Reba McEntire, Bobbie, Casey Durkin, Reba ”, McEntire, she’s, Jennifer Rose Clasen, Anna Faris, Simon Rex, Sam Richardson, Max Organizations: CNN, Netflix, Paramount, Cannes Film, Howard Hawks, NBC, The, HBO Locations: “ Anora, Russian, Cannes, , Knoxville , Tennessee, It’s Florida, “ It's Florida, Florida, “ It’s Florida
Here are 24 real-estate markets where rent is at least 10% below the national median. Median rent in the 50 largest US metropolitan areas dipped to $1,743 last month, according to an October 16 report from Realtor.com. Asking prices were lower year-over-year for the 14th straight month, though they were only a few dollars cheaper than in September 2023. Business Insider reviewed Realtor.com's list of the 50 biggest US cities and narrowed it down to the two dozen cities where rent was at least 10% less than the national median of $1,743 last month. Below are those 24 major US cities, along with each location's median rent in September, the year-over-year and month-over-month changes, and the savings versus the national median rate.
Persons: , Jiayi Xu, Danielle Hale, Xu, Hale Organizations: Service, Nashville's, Dallas Locations: Southern, Denver, Austin, Birmingham, Midwest, Chicago, Detroit
Total: 25