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☆ Corporate insiders are selling shares at a record pace in the fourth quarter
▼ + stars: | 2024-11-20 | by ( Nick Wells | ) www.cnbc.com time to read: +4 min

Corporate insiders are taking advantage of the stock market's postelection boom to all-time highs, unloading shares at record levels. The data includes trades made under preplanned 10b5-1 trading plans. Plus, many 10b5-1 trading plans are price-triggered meaning that executives select levels at which to sell shares. Executives at private education firm Grand Canyon Education have sold an aggregate $2.3 million worth of shares in the fourth quarter, per Verity. Nucor CEO Leon Topalian sold $1.9 million in shares the day following the election at an average price of $169.11.

Persons: preplanned, Ben Silverman, Silverman, Verity, Brian Mueller, Reid Hoffman's, Donald Trump's, Tump, Alexander Karp, Daniel D'Aniello, Carlyle, Tesla, Kathleen Wilson, Thompson, Robyn Denholm, Phillip Juhan, Eric Swider, Leon Topalian, Holden Lewis, Daniel Florness, —, Jesse Pound Organizations: Education, Canyon Education, Partners, Aurora, Big, Carlyle Group, Trump Media, Securities, Exchange

As bitcoin shoots to new heights, some stocks that trade closely with the digital currency could also see their fortunes rise. Against that backdrop, CNBC Pro screened for stocks that have the highest positive correlation with bitcoin over the past 60 days, meaning they could rise in tandem. Fellow crypto miner Riot Platforms was also on the list with an 81% correlation to bitcoin. Lesser-known names that could see a boost on further bitcoin appreciation include crypto miners Bitdeer Technologies and Hut 8 . Bitdeer has a 67% correlation to the digital currency, while Hut 8's correlation coefficient is nearly 0.7.

Persons: Bitcoin, Donald Trump, Trump, bitcoin, Mark McLaughlin, Cryptocurrency, Mara Holdings, Cantor Fitzgerald, Mara, Brett Knoblauch, MARA, Bitdeer Organizations: cryptocurrencies, CNBC Pro, New York Stock Exchange, Nasdaq, Bank of America, Bitdeer Technologies

☆ Fed meeting live updates: Fed expected to cut interest rates by a quarter point
▼ + stars: | 2024-11-07 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

The Federal Reserve is widely expected to trim rates by a quarter point on Thursday, taking another step toward unwinding its tight policy. The rate on a $30,000 home equity line of credit sits at 8.7% as of the week of Nov. 1, according to Bankrate. The rate on a 30-year fixed mortgage was 7.09% as of the week of Nov. 1, sharply higher than the 4.29% in March 2022. That's because mortgage rates loosely follow the 10-year Treasury yield , which has recently taken a leg higher. Indeed, the benchmark yield stood at 4.363% during the week of Nov. 1, sharply higher than the 3.649% it traded at in mid-September.

Persons: –, it's, – Darla Mercado, Nick Wells Organizations: Federal Reserve, Fed, Treasury

☆ Quantifying how much Nvidia will influence the Dow after it joins the storied average
▼ + stars: | 2024-11-04 | by ( Nick Wells | ) www.cnbc.com time to read: +2 min

What kind of influence will Nvidia have on the 30-stock index when it joins before the bell this Friday? Instead, share price determines how much a single stock can move the Dow on a daily basis. A $1 move in any Dow stock translates to roughly 6.6 points on the index. By considering both share price and historical volatility, we can estimate each stock's potential influence on the index. According to a CNBC analysis of FactSet data, Nvidia would rank as the eighth-largest influence on the Dow based on its share price and recent volatility.

Persons: Jensen Huang, Annabelle Chih, Dow, Goldman Sachs, it's Organizations: Nvidia, Bloomberg, Getty, Dow, Microsoft, Apple, Intel, CNBC Locations: Taipei, Taiwan, UnitedHealth

"He can do anything he wants," Trump said. The CDC has routinely said that the worst side effects from Covid vaccines are not worse than the potential effects of the Covid virus. And, Covid vaccines do not increase the risk of death, while the Covid virus does. In August, he suspended his own independent presidential campaign and endorsed Trump. “The only thing President Trump and his campaign team are focused on is winning on November 5th," Trump campaign senior adviser Jason Miller said in a statement Friday.

Persons: Donald Trump, Robert F, Kennedy Jr, —, Tucker Carlson, Kennedy, Trump, “, Carlson, Joe Rogan, Vance, he'd, I’ve, I’m, he's, Tulsi Gabbard, Howard Lutnick, Lutnick, Bobby Kennedy Jr, Karoline Leavitt, Jason Miller, Bobby Kennedy, ” Organizations: Fox News, Trump, Covid, Centers for Disease Control, CDC, NBC News, Food, Democratic, Department of Health, Human Services, Department of Agriculture, CNN, National Institutes of Health, NBC, RFK Locations: Arizona

Earnings season is in full swing, and some names reporting this week are positioned for major moves. So far, 37% of those in the broad market index have reported this quarter, resulting in what has been a mixed reporting period. According to LSEG, earnings have come in 6.1% above expectations, while revenue is 1.5% higher, as of Monday. Last week, the stock advanced more than 1% on Wednesday due to JMP Securities upgrading it to market outperform from market perform. The financial services provider has jumped around 52% over the past three months and more than 41% over the past month.

Persons: Andrew Boone, Greenlight Capital's David Einhorn, Einhorn, Kamala Harris, Donald Trump Organizations: Dow Jones, Apple, CNBC Pro, Securities, Robin Hood Investors Conference, U.S, Technologies

A collection of stocks including AT & T and Tesla could see strong moves this week on the heels of quarterly results. Looking ahead, CNBC Pro screened for stocks that could see large moves in either direction in response to quarterly results this week, specifically by examining forecast moves based on action in the options market. The battered electric vehicle company stock has pulled back more than 11% in 2024 and is the worst performing stock in what had been the Magnificent Seven . The stock could see as much as a 6.3% move when reporting quarterly results on Oct. 23. Other stocks on the list that could see strong moves in tandem with their latest financials results included Enphase Energy and Harley-Davidson .

Persons: Tesla, JPMorgan Chase, Goldman Sachs, Elon, Musk, Davidson Organizations: CNBC Pro, AT, JPMorgan, EV, Bloomberg, Enphase Energy, Harley Locations: California, Texas

☆ How Florence Welch Turned Rage Into Power
▼ + stars: | 2024-10-17 | by ( Lauren Groff | The New York Times | ) www.nytimes.com time to read: +37 min

The musician Florence Welch, photographed in London on July 5, 2024. When I rang the Camberwell, South London, doorbell of Florence Welch, I held a tribute: “The Penguin Book of Spiritual Verse” (2022), edited by Kaveh Akbar. Exacerbating the mixed craving for and fear of having a baby and what it would mean for her art, Welch feels the intense pressure of aging as a female performer. In the latter part of the song, Welch raises her voice in a long howl of rage. Art begins in the body; art is limited by the limitations of the body; at some point, art exceeds the body and can live beyond the scope of flesh.

Persons: Florence Welch, Valentino, Luis Alberto Rodriguez, Vanessa Reid FLORENCE, Florence Welch’s, Inanna, Enheduanna, Jane Hirshfield PROPHETESS, “, Kaveh Akbar, I’ve, Welch, they’re, enormity, Madame Blavatsky, ”, Fleetwood, Taylor Swift, William Morris, Evelyn Welch’s, Vanessa Reid, Welch wouldn’t, who’ve, Nick Cave, Patti Smith, Stevie Nicks, Tom Waits, Jeff Buckley, Sam Cooke, Otis Redding, ” Welch, Ganavya Doraiswamy, who’s, Welch’s —, Doraiswamy, Uyir, Federico García Lorca’s, it’s, Shakespeare, Mozart, Toni Morrison, Lorca, It’s, Jack Antonoff, she’s, Chanel, Nick Welch, Sebastians, she’d, dryly, Bugsy Malone ”, Grace, squats . Welch, Isabella Summers, hasn’t, didn’t, Fiona Apple, Kate Bush, Regina Spektor, Annie Lennox, Joanna Newsom, Sinead O’Connor, thrall, ’ She’s, Gustav Klimt, who’d, Jimi Hendrix, Janis Joplin, Jim Morrison, Kurt Cobain, She’d, Dave Grohl, Scott Fitzgerald’s, Thomas Bartlett, Nico Muhly, Yoko Ono, Sufjan Stevens, Nick Carraway’s, Jay Gatsby, —, hadn’t, spiraled, Louis Vuitton, John, John Singer Sargent, Sargent, Miss Elsie Palmer ”, I’d, “ I’ve, Britney Spears, Dolly Parton, ” I’d, de Wilde, ” de Wilde, Julia Margaret Cameron, Leonora Carrington, Remedios Varo, Loie Fuller, Ellen Terry, Lady MacBeth ”, ’ ” Welch, they’d, King ”, King, Elvis Presley, revel, Ovid, Apollo, preternaturally, Anthony Turner, Thom Walker, Afra Zamara, Jack Symes, Sam Hearn, Daiki Tajima, Federico Covarelli, Emily Rose Lansley, John Allan, Samanta Falcone, Ollie Kariel, Pip Long, Karen Avenell, Andreea Georgiana Rădoi, Sam Wright Organizations: Machine, YouTube, Enheduanna, University of Bristol, Smiths, Big, Camberwell College of Arts, Foo Fighters, American, Theater, Antonoff, Tate, John Singer, Jolly, Art, Digital Locations: London, FLORENCE, Camberwell, South London, Florence, Florida, ”, Camberwell —, British, Tamil, Spanish, Strasbourg, dyscalculia, Toronto, squats ., Cambridge, New York City, Tate Britain, American, “

☆ The Greats: Florence Welch, Lorna Simpson, Jonathan Anderson and Theaster Gates
▼ + stars: | 2024-10-17 | by ( The New York Times | Lauren Groff | ) www.nytimes.com time to read: +37 min

The musician Florence Welch, photographed in London on July 5, 2024. For nearly two decades, Florence Welch’s songs have offered a mythic view not only of pop music but of the glories and rages of being a female artist today. When I rang the Camberwell, South London, doorbell of Florence Welch, I held a tribute: “The Penguin Book of Spiritual Verse” (2022), edited by Kaveh Akbar. Exacerbating the mixed craving for and fear of having a baby and what it would mean for her art, Welch feels the intense pressure of aging as a female performer. Art begins in the body; art is limited by the limitations of the body; at some point, art exceeds the body and can live beyond the scope of flesh.

The musician Florence Welch, photographed in London on July 5, 2024. For nearly two decades, Florence Welch’s songs have offered a mythic view not only of pop music but of the glories and rages of being a female artist today. When I rang the Camberwell, South London, doorbell of Florence Welch, I held a tribute: “The Penguin Book of Spiritual Verse” (2022), edited by Kaveh Akbar. An aversion to definition is a great gift to an artist like Welch. Art begins in the body; art is limited by the limitations of the body; at some point, art exceeds the body and can live beyond the scope of flesh.

The musician Florence Welch, photographed in London on July 5, 2024. When I rang the Camberwell, South London, doorbell of Florence Welch, I held a tribute: “The Penguin Book of Spiritual Verse” (2022), edited by Kaveh Akbar. Chanel coat, price on request, (800) 550-0005; Valentino tights (worn underneath), $1,000; and Welch’s own dress, headband and jewelry. Exacerbating the mixed craving for and fear of having a baby and what it would mean for her art, Welch feels the intense pressure of aging as a female performer. Art begins in the body; art is limited by the limitations of the body; at some point, art exceeds the body and can live beyond the scope of flesh.

The musician Florence Welch, photographed in London on July 5, 2024. When I rang the Camberwell, South London, doorbell of Florence Welch, I held a tribute: “The Penguin Book of Spiritual Verse” (2022), edited by Kaveh Akbar. Chanel coat, price on request, (800) 550-0005; Valentino tights (worn underneath), $1,000; and Welch’s own dress, headband and jewelry. An aversion to definition is a great gift to an artist like Welch. Art begins in the body; art is limited by the limitations of the body; at some point, art exceeds the body and can live beyond the scope of flesh.

Some well-known stocks could see big moves on the back of earnings reports this week. CNBC Pro screened to find the stocks that could see the biggest swings in either direction following their earnings releases this week. While the typical analyst polled by LSEG has a hold, they expect a rebound ahead with a price target suggesting shares can bounce more than 13%. Analysts surveyed by LSEG have a buy rating and price target suggesting shares can climb 7%. The average analyst surveyed by LSEG has a buy rating, with a price target suggesting shares should hover around flat for the next year.

Persons: Goldman Sachs, LSEG, Lawson Winder, Oppenheimer's Jason Helfstein Organizations: Columbus Day, United Airlines, CNBC Pro, CNBC, Walgreens, WBA, Walgreens Boots Alliance, Amazon, Dow Jones, Alcoa, Bank of America, Netflix

Tax-loss harvesting is a common year-end method used by investors and money managers to minimize taxes. The practice involves selling off losing positions to offset taxes on realized capital gains incurred on winning investments. To find the names worth selling, CNBC Pro used its stock-screening tool to hunt for names with a market cap exceeding $1 billion. The cloud platform company's stock has lost roughly 57% this year, with the average price target implying that shares could fall about 18%. Back in August, he slashed his price target to $5.50 from $8.50, noting that Fastly took "a meat cleaver to CY24 outlook."

Persons: Davidson, Rudy Kessinger, Fastly, cleaver, Carter's, Kennedy, Wilson, Platt Organizations: CNBC Pro, Arbor Realty Trust, Leggett Locations: Fastly

☆ Chip company insiders sold a record $1.3 billion in stock during the third quarter
▼ + stars: | 2024-10-02 | by ( Nick Wells | ) www.cnbc.com time to read: +3 min

Chip insiders have stepped up their sales of company stock this year as AI-driven demand for processing power has propelled the sector's outperformance. Huang remains Nvidia's largest individual shareholder with around 3.5% of company shares outstanding, according to data from FactSet. In all, NVDA insiders disclosed around $960 million in stock sales during the third quarter, according to data collected by VerityData. Overall, 177 chip company insiders sold stock in the third quarter, down from a recent high of 245 in Q2 of 2024, according to the Washington Service. They sold a collective 12.7 million shares in Q3, a slight increase from Q2 but just below the 13.6 million shares sold in Q1.

Persons: Jensen Huang, Huang, Tench Coxe, Coxe, Hock Tan, Tan, Verity, Richard Wallace, Bren Higgins Organizations: Washington Service, Nvidia, VanEck Semiconductor, VerityData, Broadcom, YTD, KLA Corp, Texas Instruments, SEC Locations: FactSet

☆ Investors hope October paves way for records as cryptocurrency enters historically strong month
▼ + stars: | 2024-10-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

A September surprise has given bitcoin a head start on a potential run to record highs in the fourth quarter. The cryptocurrency posted a 7.7% gain for September — historically its weakest month of the year — and its best month since May. The month has become known to native crypto investors as "Uptober." … As crypto becomes increasingly correlated with traditional markets, it's expected to be another strong month." Investors expect bitcoin's price will be driven by rate cuts, more inflows into bitcoin ETFs by institutions and clarity following the election.

Persons: Ether, Bitcoin, Jerome Powell, James Davies, " Davies, David Duong, Duong, we've, bitcoin, it's, — CNBC's Michael Bloom, Nick Wells Organizations: U.S, International Longshoremen's Association, Gulf Coasts, bitcoin Locations: U.S, China

☆ Wall Street braces for a turbulent October with jobs report on deck next week
▼ + stars: | 2024-09-27 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Both the Dow Jones Industrial Average and S & P 500 have broken out to new highs this month. BTIG chief market technician Jonathan Krinsky asked this week, referring to the S & P 500. The S & P 500 had risen more than 5%, while the tech-heavy Nasdaq Composite was higher by more than 1%. For the S & P 500, those levels represent declines of about 6% to 9%, as of Thursday's close. Initial Claims (09/28) 9:45 a.m. PMI Composite final (September) 9:45 a.m. S & P PMI Services SA final (September) 10 a.m.

Persons: Jonathan Krinsky, Dow, Adam Turnquist, LPL Financial's Turnquist, Jeff Hirsch, he's bullish, Hirsch wouldn't, Lamb Weston, Nonfarm Payrolls, —, Nick Wells Organizations: Federal, Dow Jones Industrial, Dow, CNBC, Nasdaq, LPL, Chicago PMI, Dallas Fed, PMI, Manufacturing, Nike, McCormick, ADP, PMI Services SA, Services PMI, Constellation Locations: Europe, U.S, Chicago

☆ Analysts warn Coinbase could slump after crypto exchange scored a 6-day rally
▼ + stars: | 2024-09-25 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Analysts are warning that Coinbase could be entering a down trend after the stock scored a six-day-long advance. In early trading Wednesday, Coinbase rose as much as 1.3%, paving the way for what may be its seventh straight gain. "Coinbase looks very toppy to me as the recent bounce out of the oversold condition looks to be stalling out," Wolfe Research macro strategist Rob Ginsberg told CNBC. Lau also cited muted trading volume on crypto exchanges and pressure on subscription and services revenue due to the declining interest rate outlook. But cryptocurrency "trading volume could jump" when interest rates move even lower and if bitcoin again challenges its all-time high, Lau noted.

Persons: Coinbase, Wolfe, Rob Ginsberg, Tamplin, Owen Lau, Oppenheimer, Lau, bitcoin, Bitcoin, Nick Wells Organizations: Wolfe Research, CNBC Locations: bitcoin

Take a look below at the stocks we found that have formed golden cross patterns, according to FactSet data. McDonald's McDonald's made the screen. Goldman Sachs on Monday reiterated its neutral rating but lifted its price target on McDonald's shares by $41 to $325, which implies 8.7% potential upside. Cisco Systems Cisco Systems shares are up about 3.8% this year and made the cut. Analysts polled by FactSet have an average price target of $83.79, which forecasts less than 1% upside for shares according to Monday's close.

Persons: Dow, McDonald's McDonald's, McDonald's, Goldman Sachs, Christine Cho, Pierre Ferragu, Monday's, Wells, Wells Fargo Organizations: McDonald's, Cisco Systems, Nasdaq, Cisco Systems Cisco Systems, CF Industries, FactSet Locations: Monday's, Wells Fargo

☆ Stocks making the biggest moves after hours: Snowflake, GameStop, Deere and more
▼ + stars: | 2024-09-23 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

Snowflake — Shares of the data cloud company fell 3% after Snowflake announced a proposed private placement of $2 billion of convertible senior notes . In the first fiscal quarter, AAR reported adjusted earnings of 85 cents per share, up 9% from the year-ago period. Revenue came in at $661.7 million , up 20% from the prior year. GameStop — Shares advanced nearly 1% after the company completed its " at-the-market" equity offering program of 20 million shares for aggregate gross proceeds of around $400 million. GameStop had previously disclosed the ATM program earlier this month.

Persons: Snowflake, Donald Trump, —, Nick Wells Organizations: AAR, Revenue, GameStop, Deere Locations: Mexico

☆ Fed meeting live updates: Fed set to cut rates — but market reaction may depend on size of move
▼ + stars: | 2024-09-18 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

The Federal Reserve is expected to make its first cut to interest rates on Wednesday after more than two years of tight monetary policy. That is up from 4.29% during the week of March 11, 2022, just prior to the Fed kicking off its first hike. Home equity loans have also become more expensive, with rates rising to 8.49% as of last week, compared to 5.96% back in March 2022, according to Bankrate. The Fed's tight policy has provided a silver lining to savers, however. The annual percentage yield on a five-year certificate of deposit has jumped to 2.87%, up from 0.5% in March 2022, according to Haver.

Persons: Bankrate, Haver, — Darla Mercado, Nick Wells Organizations: Federal, Mortgage News, Fed

A golden cross is a chart pattern in which a stock's 50-day moving average moves above its 200-day average. Given the more volatile backdrop, CNBC Pro screened FactSet for stocks that are forming or approaching a golden cross pattern. The health-care stock has a 50-day moving average of $103.31 and is approaching its 200-day moving average of $104.14. MarketAxess Holdings Meanwhile, the 50-day moving average of $230.11 for MarketAxess Holdings has already surpassed its 200-day moving average of $228.36, indicating possible future gains. Its 50-day moving average of $218.04 has also already passed its 200-day moving average of $215.18.

Persons: paring, Cardinal Health's Organizations: Dow Jones, Nasdaq, CNBC Pro, Health, Holdings, MarketAxess Holdings, SBA Communications SBA Communications, SBA Locations: Wednesday's

☆ Stocks making the biggest moves after hours: Adobe, RH, Oracle and more
▼ + stars: | 2024-09-12 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

Adobe issued a fiscal fourth-quarter revenue forecast in a range between $5.50 billion and $5.55 billion. Guidance for adjusted earnings per share came in at $4.63 to $4.68 per share, while analysts had expected $4.67 in earnings per share. Oracle — The cloud software company advanced nearly 6% after raising its revenue guidance. RH — The home furnishings company surged nearly 19% after posting a top- and bottom-line beat for the fiscal second quarter. RH reported adjusted earnings of $1.69 per share on $830 million in revenue.

Persons: Adobe, LSEG, —, RH, Kevin Clark, Nick Wells Organizations: Oracle, Neurocrine Biosciences, Aptiv, —, U.S . Securities, Exchange Commission

☆ Beware of a bitcoin backslide to $50,000 as it enters historically worst month of the year
▼ + stars: | 2024-09-02 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Bitcoin slid 10.25% for its worst month since April, while ether dropped 23.66% in its third monthly drawdown and worst month since June 2022. "It's not a pretty picture across the crypto landscape at the moment," said Rob Ginsberg, chart analyst at Wolfe Research. "Bitcoin is still stuck in a descending trading range as price gradually deteriorates off the March high. Historically, September is the worst month for bitcoin — and other markets too, like U.S. stocks. Bitcoin has been stuck in a range between $50,000 and $70,000 since April and is likely to stay there for another a month at least.

Persons: Bitcoin, bitcoin, Rob Ginsberg, Ginsberg, bitcoin —, they've, Alex Thorn, Thorn, Trump, Harris, John Todaro, — CNBC's Michael Bloom, Nick Wells Organizations: Wolfe Research, bitcoin, Galaxy, U.S, Needham, Federal Locations: U.S, Germany, Gox

☆ We almost had a secret Deadpool Christmas movie — and it was going to be marketed as a deliberately bad buddy cop movie to avoid leaks
▼ + stars: | 2024-07-31 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +4 min

Reynolds revealed on an episode of "Hot Ones" that he had once planned to promote an intentionally bad-sounding movie called "Alpha Cop" as a ruse. As Reynolds pointed out on "Hot Ones," marketing a fake movie would help with leaks of what was being cooked up for the next Deadpool movie. "Ryan's idea was, the $100-plus million that studios spend on marketing a big Marvel movie, fuck that, let's do 'Alpha Cop,'" Wernick said. There was even an 'Alpha Cop' poster made. "Deadpool & Wolverine" is in theaters now.

Persons: —, Ryan Reynolds, Hugh Jackman, Reynolds, Rhett Reese, Paul Wernick, Ryan, Reese, Wernick, Fox, Marvel, Cable Organizations: Service, Marvel, Business, Force, Alpha, Fox, Disney Locations: Wade

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