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Final Trade: Euro, IBB, SMH, NEM
  + stars: | 2024-11-20 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trade: Euro, IBB, SMH, NEMThe final trades of the day with CNBC’s Melissa Lee and the Fast Money traders.
Persons: CNBC’s Melissa Lee Organizations: Fast Money
He added, "Votes of union workers in the United States against tentative agreements tend to reflect the white-hot anger of union employees against their employers. Tentative agreements are their only chance for them to express their frustration with their employer and their anger at the way they have been treated." A BNSF spokesperson said it is planning to attend the formal national labor negotiations even as it has announced nine tentative union agreements, five of which have already been ratified. It also has tentative agreements with the International Brotherhood of Electrical Workers (IBEW), SMART-TD, SMART-TD-YDM (Yardmasters Department), the International Brotherhood of Boilermakers, and Iron Ship Builders (IBB). To date, Norfolk Southern has reached tentative agreements with 10 of its 13 unions, covering approximately 67% of its craft workforce.
Persons: Berkshire Hathaway, Jeremy Ferguson, Ferguson, Joe Biden, Richard Edelman, Mooney, Green, Murphy, Welch, Daniel Imbro, Stephen, Brotherhood of Railway Carmen, we've, Mark George, Imbro, it's Organizations: Union Pacific, CSX, BNSF, Canadian Pacific, Canadian Pacific Kansas City —, SMART, Railway Labor, National Carriers ' Conference Committee, Railroads, NSC, National Conference of Firemen, Oilers, Tran, Transportation Communications Union, TCU, Brotherhood of Railway, International Brotherhood of Electrical Workers, Yardmasters Department, International Brotherhood of Boilermakers, Iron Ship Builders, Norfolk, Norfolk Southern, National Carriers ' Locations: Southern, Berkshire, Canadian Pacific Kansas, United States, Norfolk Southern, Norfolk
Why health care could be a winner heading into year-end
  + stars: | 2024-10-09 | by ( Fred Imbert | ) www.cnbc.com   time to read: +2 min
Health care may be the answer, if history is any indication. The Health Care Select Sector SPDR Fund (XLV) has posted a November gain in eight of the last 10 years. Health care trades at a forward price-to-earnings ratio of 22.2, while the S & P 500 has a multiple of 24. The optimism around health care comes as the sector lags the broader market. Some health care names poised to do well, according to Krinsky, are Masimo and Viking Therapeutics .
Persons: What's, Jonathan Krinsky, Krinsky Organizations: iShares Biotechnology, Viking Therapeutics, Viking, Politan, Citi, UPS, Amazon Logistics, Walmart Locations: China
(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for Pro subscribers. Worldwide Exchange airs at 5 a.m. "The fixed income market has enough yield to bail you out if the geopolitical tensions get worse," said Hyman said on Worldwide Exchange. "Investors are not focusing on the likely U.S. response post election to replenishing defense stocks and ramping up capabilities." Worldwide Exchange Pick: Biotech Stocks Scott Ladner of Horizon Investments is seeing opportunities in the biotech sector, specifically the iShares Biotechnology ETF (IBB) and SPDR S & P Biotech (XBI) ETFs.
Persons: Simeon Hyman, Hyman, Terry Haines, Haines, Lockheed Martin, Scott Ladner, Ladner Organizations: Pro, Worldwide, Proshares Advisors, Defense, Lockheed, Raytheon, Biotech, Horizon Investments, iShares Biotechnology, P Biotech, Shipping Stocks Shipping, U.S Locations: Israel, Iran, Ukraine, South China, U.S, East, Gulf Coast
Biotechnology stocks offer an under-the-radar and unappreciated way to profit from the central bank's looming campaign to start cutting the cost of borrowing, according to Goldman Sachs. Investors may have already begun to anticipate the effect of lower rates on some biotech companies. IBB .SPX mountain 2024-06-30 The iShares Biotechnology ETF has risen more than twice as much as the S & P 500 this quarter. The iShares Biotech ETF is up 7.7% this quarter while the Nasdaq Biotech Index has advanced 7.4%, more than double the 3.2% gain in the S & P 500 since June 30. Year-to-date, Regeneron is up 30.6% and Vertex by 18.3%, both outperforming the 18.1% rise in the S & P 500.
Persons: Goldman Sachs, John Flood, Goldman, Flood, Regeneron Organizations: Biotechnology, Federal Reserve, Gilead Sciences, Nasdaq Biotechnology, IQVIA Holdings, Regeneron Pharmaceuticals, Amgen, Vertex Pharmaceuticals, iShares Biotech, Nasdaq Biotech Locations: Gilead
Cagla Gurdogan | ReutersTurkey's annual inflation rose to 68.5% for the month of March, an increase on February's 67.1% inflation read, according to the Turkish Statistical Institute's report released Wednesday. Turkey has launched a concerted effort to tackle soaring inflation with interest rate hikes, most recently raising the country's key rate from 45% to 50% in late March. watch nowMuch of the inflation in recent months stems from a significant increase to the minimum wage that Turkey's government mandated for 2024. Economists expect further rate hikes from the central bank will be necessary. Turkey's central bank implemented eight consecutive interest rate hikes from June 2023 to January 2024, totaling a cumulative 3,650 basis points.
Persons: Cagla Gurdogan, Nicholas Farr, Istanbul Mayor Ekrem Imamoglu, Umit Bektas Organizations: Reuters, Economics, Istanbul Mayor, Republican People's Party Locations: Ankara, Turkey, Europe, London, Istanbul Metropolitan, Istanbul
Wall Street was mostly upbeat about equities heading into 2023, though even the most bullish investment firms thought the S&P 500 would finish this year at 5,100 — a level it has exceeded already. Resisting this rally is a fool's errand, according to David Keller, the chief market strategist at StockCharts.com. The long-time chartmaster warned of a near-term pullback as the S&P 500 approached its previous record high but has since abandoned his cautious call. AdvertisementFast-forward to early March, and many of those mega-cap growth names remain hot, especially Nvidia and Meta. "I like that idea, at this point, of diversifying away from mega-cap growth," Keller said.
Persons: , David Keller, chartmaster, Keller, I'm, they've, StockCharts.com Organizations: Service, Business, Nasdaq, Nvidia, Meta, Microsoft, Apple, Companies, Hilton, Marriott, Restaurant Brands, Burger King ., Biotechnology Locations: Burger
Biotechnology stocks have recently shown renewed strength, and improving momentum may just push these names toward the top of the leaderboard. Second, this level also represented a 38.2% retracement level based on the 2021 high and 2022 low, which is a widely followed support level based on the Fibonacci methodology. This week, IBB has bounced off that support level, making a new 52-week high as it briefly pushed above the 50% retracement level around $140. The weekly chart reinforces that biotechnology stocks may still be in the early stages of this advance, with lots of daylight between current levels and the 2021 highs. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: IBB, David Keller Organizations: Biotechnology, Nasdaq Biotechnology, CMT
Investors don't need to abandon the themes that worked in 2023 just because the calendar is about to change, according to BlackRock. Jacobs said that 2023 could prove to be a "year of training" for AI but that the benefits could broaden out going forward. IRBO YTD mountain This broad iShares ETF focused on AI and automation has outperformed the S & P 500 year to date. Mexico stocks, as measured by the iShares Mexico ETF (EWW) , has been a strong performer this year with a total return of 25%, according to FactSet. A competitor fund, the WisdomTree India Earnings Fund (EPI) , has performed better in 2023 with a total return topping 15%.
Persons: Jay Jacobs, Jacobs, IShares, Eli Lilly Organizations: BlackRock, CNBC, Nvidia, Microsoft, Robotics, Intelligence, Technology, Novo Nordisk, Biotechnology, VanEck Pharmaceutical Locations: BlackRock, U.S, United States, Mexico, India
NEW YORK, Nov 7 (Reuters) - Activist investor Elliott Investment Management has built a stake in BioMarin Pharmaceutical (BMRN.O) and has been in discussions with the biotechnology company for months about its future, according to two people familiar with the matter. Elliott declined to comment, while a representative for BioMarin did not immediately respond to a request for comment. BioMarin shares rose 12% to $85.36 on the news in morning trading in New York on Tuesday. Prior to news of Elliott's engagement, BioMarin shares were down 24% year-to-date, significantly underperforming the iShares Biotechnology ETF (IBB.O), which is down 8.6%. Elliott also successfully pushed for drug makers Alexion Pharma (AZN.L) and Allergan (ABBV.N) to be sold.
Persons: Elliott, BioMarin, hemophilia, Jean, Jacques Bienaime, Alexander Hardy, Jefferies, Bienaime, Harvey, Richard Meier, Svea Herbst, Bayliss, Jamie Freed Organizations: Investment Management, BioMarin Pharmaceutical, Biotechnology, Alexion Pharma, Svea, Thomson Locations: BioMarin, San Rafael , California, West Palm Beach , Florida, New York
Dozens of stocks and ETFs are hitting 52-week lows on the relentless rise in interest rates. Treasury bond ETFs: New lows iShares 1-3 Year Treasury Bond ETF (SHY) iShares 7-10 Year Treasury Bond ETF (IEF) iShares 10-20 Year Treasury Bond ETF (TLH) iShares 20+ Year Treasury Bond ETF (TLT) It's not just Treasury bonds. Broad bond ETFs: New lows Vanguard Total Bond Market ETF (BND) iShares Core US Aggregate Bond Fund (AGG) Higher rates are affecting other areas of the U.S. economy: look at clean energy and biotech It's simple. Clean energy ETFs: New lows iShares Global Clean Energy (ICLN) VanEck Low Carbon Energy ETF (SMOG) Invesco WilderHill Clean Energy ETF (PBW) Invesco Solar ETF (TAN) It's the same story with biotech. The SPDR S & P Biotech ETF (XBI) , which tracks an equal-weighted index of US biotechnology stocks, is at a 52-week low.
Persons: Schwab, It's Organizations: Vanguard Utilities, Treasury Bond ETF, Bond Market, Bond Fund, NextEra Energy Partners, Clean Energy, Carbon Energy, P Biotech, Biotechnology, Biotech, Verizon, SPDR Telecom, AT, Property, Comerica, Huntington Bancshares Locations: U.S, Orsted, Denmark, REITs
A video of people citing Vedic hymns was filmed in Croatia in 2018 but has been falsely captioned online to claim it shows an event in the White House. “At White house,’Shri Rudram Stotram’ was recited at the White House in America,” read posts on Facebook (here) and (here) and messaging platform X, formerly known as Twitter (here). The video matches images of an event organised by Veda Union, a network of European Veda chanting groups, in Zagreb, Croatia in 2018 (here). The White House and Veda Union did not immediately respond to a Reuters request for comment. Video of people chanting Vedic hymns was filmed in Croatia, not the White House.
Persons: , Rudram Stotram ’, , Rudram, Read Organizations: White, Facebook, Veda Union, Veda, Reuters Locations: Croatia, White, America, Zagreb
Video of a waterspout approaching a beach lined with blue tents dates to June 2023 and is not related to Hurricane Idalia that made landfall on Florida’s coast on Aug. 30, 2023. “Hurricane Idalia has started,” read posts linking the waterspout video to Hurricane Idalia on messaging platform X, formerly known as Twitter (here) and Facebook (here) and (here). People visible at 0:21 in the video shared on social media are also visible in the fire department video. Millions of residents evacuated or hunkered down in homes and shelters as Hurricane Idalia made landfall in Florida as an “extremely dangerous” Category 3 storm on Aug. 30, 2023, Reuters reported (here). Video of a waterspout is not related to Hurricane Idalia.
Persons: Idalia, , Dr Mike, Danielle Tarjoman, Read Organizations: Facebook, Storyful, Rescue Department, Reuters Locations: Clearwater Beach, Florida, Clearwater, Orlando
A widely-shared video of a car and a tree being washed away during floods was shot in Maracay, Venezuela in 2022 not – as many are wrongly saying online - in Santiago, Chile in 2023. Two people died and thousands have been evacuated or left homeless after rains caused flooding in central-southern Chile, Reuters reported on Aug. 21, 2023 (here). Examples of posts wrongly describing the 2022 Venezuela video as a scene from Chile can be seen on Facebook (here) and on messaging platform X, formerly known as Twitter (here) (here). A building with the words “Walio Supermercado” (ibb.co/qd4rkgV) can be seen in the background in a longer version of the clip (imgur.com/gallery/yNNfEyf). Video shows floods in Venezuela in October 2022, not Chile in August 2023.
Persons: Read Organizations: Reuters, Facebook Locations: Maracay, Venezuela, Santiago , Chile, Chile, Colombia, Venezuelan, El Castano
The poster was also widely shared on Russia’s VKontakte social network (here), Telegram (t.me/pezdicide/3176), and was published by Russian media (here). The branding for Kyiv’s Forsage club can be seen in the upper left corner (here), though no such poster is on the Forsage club’s social media or website (here). Original posters of Forsage’s events that are shared on social media are strikingly different (here). In a statement on Instagram stories, Forsage said the fire show party poster was fake and was “aimed at inciting hostility” and provocation. Read more about our work to fact-check social media posts (here).
Persons: Forsage, , Read Organizations: Twitter, Facebook, Russian, Reuters, Kyiv’s Locations: Kyiv, Makhachkala, Russian, Dagestan, Kiev
Some posts on social media in the wake of the fires on the Hawaiian island of Maui, however, suggested that the fact some trees had remained standing showed proof that the fires were somehow engineered or steered to intentionally burn homes and vehicles, leaving trees unscathed. Reuters photographs and satellite imagery of the Lahaina Banyan Court area produced by Maxar Technologies shows buildings, vehicles and trees damaged following the fires (shorturl.at/bpsTX), (here). Other trees were more heavily damaged, but remained standing, Reuters pictures show (here), (here). Regardless, the fact that some trees could remain standing or were less damaged than cars or buildings during a fire is not abnormal. Trees sometimes survive severe damage during fires due to factors including their water content and the ways a fire spreads.
Persons: Albert Simeoni, , Erica Fischer, Fischer, Christopher Baird, ” Baird, Katie Kamelamela, James Urban, Niamh Nic Daeid, Nic Daeid, Read Organizations: Reuters, Facebook, Maxar Technologies, Fire Protection Engineering Department, Worcester Polytechnic Institute, Department of Wood Science, Engineering, Oregon State University, , JB, University of Hawaii, West Texas, M University, Conservatory, Akaka Foundation, Tropical Forests, HOW, Fire Protection, Leverhulme Research, Forensic Science, University of Dundee Locations: Maui, Instagram, Lahaina Banyan, Oregon, Colorado, Manoa, Hawaii
A video compilation featuring clips of the 2020 explosion at Lebanon’s Beirut port has been falsely linked online to the Russian missile strikes on the port of Odesa in Ukraine in 2023. The clip at 1:03-1:09 can be seen in a Beirut explosion video hosted by licensing platform Newsflare (here). Reuters was not able to source the clip showing a yellow car (1:33-1:43), but the visuals of the explosion align with the other clips of the Beirut explosion. The white structure visible in the final video at 1:44 video matches the silos at the Beirut port (bit.ly/47n9tZ8). A video compilation shows the Beirut port blast in 2020, not Russian missile attacks on the port in Odesa, Ukraine.
Persons: Getty, Read Organizations: Russian, Reuters, Russian Missiles, British Cargo Ships, Facebook, Al, Google, Guardian, ABC News Locations: Beirut, Odesa, Ukraine, Moscow, The Port, Odessa, Russian, Al Arabiya,
Posts online suggest the sprinkler system had been funded by U.S. funds sent to support Ukraine’s war efforts against Russia. Reuters images from 2019, taken in central Kyiv, show the same water sprinkler system (reut.rs/45xNzRm) and (reut.rs/47yQdIc). Reuters photographer Gleb Garanich confirmed the location of the images as Khreschatyk Street. Photos dating to 2019 on photo hosting website Alamy also show the water sprinkler system on Khreschatyk Street (here), (here). Water sprinklers in central Kyiv predate U.S. assistance to Ukraine during its war with Russia.
Persons: , Mr, Biden, Gleb Garanich, Alamy, Read Organizations: U.S, Facebook, Reuters Locations: Kyiv, Ukraine, Russia, U.S
A video showing an area of destroyed buildings surrounded by pine trees in Paradise, California, has been miscaptioned online to say it shows Maui, Hawaii, following the wildfires in August 2023. The Maui wildfires have become the deadliest in the US in more than a century, killing at least 99 people and forcing thousands to evacuate (here). But the video circulating online shows the impact of the Camp Fire, a devastating wildfire in November 2018 that hit the Northern California town of Paradise (here). An aerial photograph from coverage of the 2018 blaze in California shows the same area (here), (see image 18 in the gallery), (ibb.co/XVHrRw8). This video shows the aftermath of the Camp Fire in Paradise, California, in 2018.
Persons: Greg Crutsinger, Crutsinger, Read Organizations: NBC, KCRA, Reuters Locations: Paradise , California, Maui, Hawaii, “ Hawaii, Northern California, Paradise, California
A viral image showing basketball star LeBron James in a pink outfit was created with AI-based tool Midjourney. While some users were able to discern the image was created with artificial intelligence (AI), others did not. “LeBron James setting a bad example for our Lil boys and money ain't everything,” said one post (bit.ly/3Qi247r). Reuters traced the image of James to Midjourney's Discord, on a channel called “#Newbies-185” (ibb.co/cyDNLb7). Representatives for Midjourney and James did not immediately respond to requests for comment.
Persons: LeBron James, , , Midjourney, James, lebron james, Gucci, James ’, Read Organizations: Facebook, Los Angeles Lakers, Lil, Reuters, Midjourney
Goldman Sachs says there's rarely been a better time to buy options over the last 27 years. In a recent note, analysts at the bank shared 21 ETFs to buy call options on. There's rarely been a better time over the past quarter century to buy stock options, according to Goldman Sachs. We've compiled their 21 ETF call option suggestions below, all of which the analysts believe have substantial upside potential. Goldman's list of ETF call-option suggestions is shown below, in ascending order of implied returns based on the bank's price targets.
Persons: Goldman Sachs, there's, There's, John Marshall, Goldman, We've, Marshall Organizations: NASDAQ Biotechnology
A video circulating online that purports to show an Emergency Alert System broadcast warning of an emergency at a New Mexico research facility is fabricated, a spokesperson for the New Mexico Department of Homeland Security said. A spokesperson for the New Mexico Department of Homeland Security and Emergency Management said in an email that no such broadcast was made. No such statement was released via the New Mexico government official website (www.nm.gov/news/) nor through the New Mexico Department of Public Safety site (here). There is no evidence that a “Black Mesa” research facility exists in New Mexico. No such broadcast was aired, a spokesperson for the New Mexico Department of Homeland Security and Emergency Management said.
Persons: Alp Toker, Read Organizations: New, New Mexico Department of Homeland Security, Emergency Management, Reuters, New Mexico Department of Public, Valve Software Locations: Mexico, New Mexico
A photo of four men in military fatigues, including one who has a British Union Jack patch on his arm, has been falsely claimed online to be proof that NATO mercenaries are fighting in Ukraine. It’s captioned: “A group of NATO mercenaries in British uniforms were captured yesterday in Zaporozhye region, Russia. It’s also not unusual for Ukrainian soldiers to be seen in British military gear. Reuters also reported in 2022 that Ukrainian fighters were purchasing British military surplus here. The photo dates to May 2022 and shows Ukrainian prisoners of war.
Persons: British Union Jack, It’s, fatigues, Jens Stoltenberg, Read Organizations: NATO, Twitter, Facebook, Reuters, RIA, Donetsk People’s, UN Locations: British Union, Ukraine, Zaporozhye region, Russia, , Donetsk, Donetsk People’s Republic
As the market reassesses the value of office properties, investors have been steering clear of many commercial real estate stocks. Greg Kuhl, a portfolio manager at Janus Henderson, said he likes the outlook for Alexandria Real Estate Equities , a pure-play owner of life sciences centers. Malhotra said he sees lab REITs as a "lower-beta way to play the volatile Life Sciences environment." But each of these companies are more broadly diversified and have exposure to other types of commercial real estate. Kilroy, for example, had been focused in properties in the tech hubs, but it now has a growing life sciences portfolio.
Persons: Greg Kuhl, Janus Henderson, Kuhl, hasn't, Vikram Malhotra, Mizuho, Malhotra, Healthpeak's, Kilroy Organizations: Alexandria Real, stoke, Food and Drug Administration, Research, Biotech, Sciences, iShares Biotechnology, Boston Properties, Kilroy Locations: Alexandria, Ventas
Footage showing behind-the-scenes during the filming of the 2018 ‘First Man’ movie starring actor Ryan Gosling has been shared with false claims that it shows a film crew on the surface of the Moon. Further footage shows camera operators and film crew capturing the astronaut walking on what appears to be the lunar surface. Some shared the video on social media with suggestions that it showed proof that the lunar landing was a hoax. Examples of the clip shared online can be seen (here) and (here). The clip shows behind-the-scenes footage of the filming of the ‘First Man’ movie starring Ryan Gosling.
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