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☆ RBC's Lori Calvasina on her S&P 500 target of 6,600 by end of 2025
▼ + stars: | 2024-12-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRBC's Lori Calvasina on her S&P 500 target of 6,600 by end of 2025Lori Calvasina, RBC Capital Markets head of U.S. equity strategy, joins 'Squawk Box' to discuss the latest market trends, market outlook for 2025, where investors can find opportunities right now, and more.

Persons: Lori Calvasina Organizations: RBC Capital Markets

☆ South Korea's inflation climbs in November, but misses expectations
▼ + stars: | 2024-12-03 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

South Korea's inflation rate climbed in November to 1.5% year on year, from a 45-month low in October, as the country grapples with a weakening Korean won and slowing exports. Last Thursday, South Korea's central bank unexpectedly cut rates by 25 basis points to 3%, marking the first time that the Bank of Korea had enacted two back-to-back cuts since 2009. South Korea narrowly avoided a technical recession in the third quarter, with GDP growing 0.1% quarter on quarter, according to the bank's advance estimates, following a contraction of 0.2% in the second quarter. South Korea's currency has weakened against the greenback over October and November, hitting a two-year high of 1,411.31 as tariff fears from the incoming Trump administration take hold. Data from the World Integrated Trade Solution platform — set up by the World Bank — lists the U.S. as South Korea's second largest trade partner.

Persons: BOK Organizations: Reuters, Bank of, Trump, World, World Bank Locations: Seoul, Korean, Bank of Korea, Korea

☆ Shoppers hunt for deals, but Dollar General and Dollar Tree aren't reaping the benefits
▼ + stars: | 2024-12-03 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

But that penny-pinching mentality hasn't been enough to lift sales for Dollar Tree and Dollar General . Dollar Tree is also exploring selling off Family Dollar, its more grocery-focused brand. Dollar General and Dollar Tree stores Getty ImagesPeter Keith, a retail analyst for Piper Sandler, said a challenging mix of factors hurt the retailers. Family Dollar, which Dollar Tree acquired in 2015 for nearly $9 billion, is found in more urban areas and sells more food and household staples. Dollar Tree has more than 16,000 stores, while Dollar General has nearly 20,000 locations across the U.S.

Persons: Jeff Owens, Rick Dreiling, Peter Keith, Piper Sandler, it's, Todd Vasos, Goldman Sachs, Vasos, Piper Sandler's Keith, Keith, John David Rainey, Joe's, Mike Creedon, Creedon Organizations: Walmart, Dollar, Target, Costco, Sam's, Aldi, — Locations: U.S, Bentonville, Arkansas

☆ 'A quality earnings compounder': Buy this Canadian dividend growth stock with a 5% yield, Scotiabank says
▼ + stars: | 2024-12-03 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

One of Canada's large financial holding companies appears to be an attractive dividend investment opportunity, according to Scotiabank analysts. This development could boost Power Corporation's dividend growth rate, as Great-West represents its largest source of dividend income. "We think the value of the dividend growth is not reflected in the stock price and is underappreciated by the Street," the analysts added. Scotiabank's price target of 56 Canadian dollars ($40) is around 20% above the current stock price, with additional upside potential if dividend growth rates increase. The company recently agreed to sell its stake in Peak Achievement Athletics for around 440 million Canadian dollars, providing additional capital for potential shareholder returns.

Persons: Phil Hardie Organizations: Scotiabank, Power Corporation of Canada, Power Corp, IGM, Power Corporation, Desjardins Securities, Power Locations: U.S

☆ Affirm CEO Max Levchin: We feel very good about the resilience of the U.S. consumer
▼ + stars: | 2024-12-03 | 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 EmailAffirm CEO Max Levchin: We feel very good about the resilience of the U.S. consumerMax Levchin, Affirm co-founder and CEO, joins 'Squawk Box' to discuss this holiday shopping season, state of the consumer, company growth outlook, relationship with Elon Musk, and more.

Persons: Max Levchin, Elon Musk

☆ HSBC shipping expert discusses upcoming shocks to the global supply chain
▼ + stars: | 2024-12-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHSBC shipping expert discusses upcoming shocks to the global supply chainParash Jain, global head of shipping and ports at HSBC, discusses market outlook ahead of expected changes in U.S. trade policy.

Organizations: HSBC

☆ Younger generations are spending more of their discretionary income on travel: Hopper's Hayley Berg
▼ + stars: | 2024-12-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYounger generations are spending more of their discretionary income on travel: Hopper's Hayley BergHayley Berg, Hopper lead economist, joins 'Squawk Box' to discuss the origins of 'Travel Tuesday', state of the consumer, travel demand outlook, and more.

Persons: Hayley Berg Hayley Berg, Hopper

☆ Goldman Sachs just refreshed its conviction lists of global stocks, giving 3 over 40% upside
▼ + stars: | 2024-12-03 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Goldman Sachs has refreshed its lists of top global stock picks for December by adding some and removing others. These stocks are featured in the investment bank's "Conviction List - Directors' Cut," a "curated and active" list of its buy-rated stocks. There have also plenty of additions to the Directors' Cut, including the following three stocks which Goldman gives over 40% upside potential over the next 12 months. KHI's share price has underperformed these two peers by 80% to 100% year-to-date, analyst Yuichiro Isayama noted. PetroChina Goldman is also bullish on Chinese oil and gas giant PetroChina .

Persons: Goldman Sachs, Goldman, Novonesis, Georgina Fraser, Yuichiro Isayama, PetroChina Goldman, Nikhil Bhandari, Bhandari, — CNBC's Michael Bloom Organizations: Companies, Lenovo, Air Liquide, Nasdaq, Kawasaki Heavy Industries, Japan's Kawasaki Heavy Industries, Mitsubishi Heavy Industries, IHI Corporation, Tokyo Stock Exchange, Hong Kong, PetroChina, Shanghai Stock Exchanges, Pan, Matthews China Active Locations: New Zealand, Asia, Europe, Danish, Nasdaq Copenhagen, U.S, Hong Kong, Pan Asia

☆ There's nothing significant that could derail the market rally, says Citi's Kristen Bitterly
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's nothing significant that could derail the market rally, says Citi's Kristen BitterlyKristen Bitterly, Citi Global wealth at work, joins 'Closing Bell' to discuss setting up the 2025 portfolio and her market outlook.

Persons: Citi's Kristen, Kristen Organizations: Citi Global

☆ Stocks making the biggest moves midday: Super Micro Computer, Tesla, Intel, Stellantis and more
▼ + stars: | 2024-12-02 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Tesla — The electric vehicle stock gained more than 3% after a Roth MKM upgrade to buy from neutral. The firm cited President-elect Donald Trump's close ties with CEO Elon Musk as a positive catalyst for Tesla's brand. Gap — Shares of the clothing retailer moved nearly 7% higher after receiving an upgrade to overweight at JPMorgan. Analyst Mike Harris said both cyclical and structural factors, including Trump's views on trade, could aid earnings growth for the broader industry. Dana — The auto parts manufacturer surged 14% on the heels of Barclays' upgrade to overweight from equal weight.

Persons: Pat Gelsinger, David Zinsner, Michelle Johnston Holthaus, Tesla, Roth, Donald Trump's, Elon Musk, Stellantis, Carlos Tavares, Tavares, Goldman Sachs, Mike Harris, Goldman, Okta, Morgan, Morgan Stanley, Dana —, Yun Li, Sarah Min, Sean Conlon, Alex Harring Organizations: Intel, JPMorgan, Commercial Metals Company —, Metals, Barclays Locations: Cleveland, Commercial Metals Company — Cleveland

☆ Dollar faces crunch week for U.S. rates, yen holds gains
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: +3 min

The risk of an early hike was enough to keep the dollar pinned at 149.60 yen , having shed 3.3% last week in its worst run since July. The euro held at $1.0555, after bouncing 1.5% last week and away from a one-year trough of $1.0425. That left the dollar index flat at 105.790, having closed out November with a gain of 1.8% even after last week's setback. "But the bar for a further shift in expected interest rates in favor of the U.S. in the near term is quite high," he added. Political uncertainty is another drag for the single currency as investors wait to see if France's government can survive the week intact.

Persons: Kazuo Ueda, Christian Keller, Jonas Goltermann, Jerome Powell, Michel Barnier Organizations: Bank of Japan, Barclays, Capital Economics, Federal Reserve, European Central Bank, National Locations: Tokyo, U.S, Greece

☆ Stocks making the biggest moves premarket: Gap, Tesla, Stellantis and more
▼ + stars: | 2024-12-02 | by ( Pia Singh | In | ) www.cnbc.com time to read: +1 min

Gap — The clothing retail stock jumped 4.7% after JPMorgan upgraded shares to overweight. Stellantis – Shares sank 9% after CEO Carlos Tavares stepped down from his role at the automaker, effective immediately. The company cited "different views" between Tavares and the board of directors as the reason for the departure. Goldman also initiated Commercial Metals Company as a buy, though shares of that company were flat premarket. Hasbro -- The toy and game company's stock ticked up 1.7% as investors monitored the sales results around Black Friday.

Persons: Carlos Tavares, Tavares, Tesla, Pat Gelsinger, David Zinsner, Michelle Johnston Holthaus, Goldman Sachs, Mike Harris, Donald Trump's, Goldman, Stifel, —, Samantha Subin, Jesse Pound, Hakyung Kim nnd Sarah Min Organizations: JPMorgan, Intel, . Steel, —, Commercial Metals Company, Hasbro, Black Locations: Cleveland

☆ Real estate stocks are starting to recover, says Janus Henderson. Here’s where it sees opportunity
▼ + stars: | 2024-12-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

There are signs of a recovery in real estate stocks — and the new cycle should continue for several years, according to Janus Henderson. CBRE is the world's largest property brokerage and a bellwether for the corporate real estate sector, they noted. That uptick in transactions is typically an excellent sign of an inflection point in the cycle, Kuhl said. JRE YTD mountain Janus Henderson U.S. Real Estate ETF "What you're seeing is the market being forward looking and saying, 'Look, we are starting a real estate cycle,'" Kuhl said. The other factor to keep in mind is that real estate cycles last about seven to 10 years, he noted.

Persons: Janus Henderson, Janus, Greg Kuhl, Danny Greenberger, CBRE, Kuhl, REITs, Janus Henderson U.S, you've, It's Organizations: REITs repriced, CNBC, FTSE, Equity, Janus, U.S, Real Locations: U.S, New York

☆ Expect an S&P 500 in the 0-10% range in 2025, says Wharton's Jeremy Siegel
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect an S&P 500 in the 0-10% range in 2025, says Wharton's Jeremy SiegelJeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business and Wisdom Tree chief economist, joins 'Squawk Box' to discuss the latest market trends, President-elect Trump's tariff proposals, market outlook in 2025, and more.

Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: University of Pennsylvania’s Wharton School of Business

☆ Watch CNBC’s full interview with Rockefeller's Cheryl Young, Hightower’s Stephanie Link and Invesco’s Kristina Hooper
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Rockefeller's Cheryl Young, Hightower’s Stephanie Link and Invesco’s Kristina HooperRockefeller's Cheryl Young, Hightower’s Stephanie Link and Invesco’s Kristina Hooper, join 'Closing Bell' to discuss where to find opportunities, the market rotation and their market outlook.

Persons: Rockefeller's Cheryl Young, Hightower’s Stephanie Link, Invesco’s Kristina Hooper Rockefeller's Cheryl Young, Invesco’s Kristina Hooper

☆ I don't see a market catalyst right now, says AB's Jim Tierney
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI don't see a market catalyst right now, says AB's Jim TierneyJim Tierney, AB CIO of U.S. concentrated growth, joins 'Power Lunch' to discuss if the market rally is really sustainable and his market outlook.

Persons: Jim Tierney Jim Tierney Organizations: U.S

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Gap, Block, Marvell, Okta, Netflix, Dell & more
▼ + stars: | 2024-12-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Cantor Fitzgerald reiterates Marvell & Nvidia as top picks Cantor says both stocks remain top picks ahead of Marvell earnings on Tuesday. Goldman Sachs initiates Venom Energy as buy Goldman says it sees "strong shareholder returns" for the energy company. Goldman Sachs downgrades Toast to neutral from buy Goldman says the thesis has played out for the restaurant tech company. Goldman Sachs initiates Ero Copper as buy Goldman says the copper company has a "unique growth profile." Roth MKM upgrades Tesla to buy from neutral Roth said in its upgrade of Tesla that the "world has changed."

Persons: Cantor Fitzgerald, Cantor, it's bullish, Morgan Stanley, Goldman Sachs, Goldman, Stifel, Tesla, Bernstein, Block, Dana, AAPL, Stryker, We'd, Wells, Roth, Dell Organizations: Netflix, Marvell, Nvidia, MU, UBS, Caci International, DHS, AutoDesk, Autodesk, Architective, NET, Energy, Viper Energy, JPMorgan, Air Lease, Burlington, Barclays, NextEra Energy Partners, KT, Deutsche Bank, DELL Locations: France, Germany, AVGO, Cleveland, TOST, Burlington

☆ Kleintop: December could be strong, but be cautious with "Trump trades."
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKleintop: December could be strong, but be cautious with "Trump trades." Jeffrey Kleintop, Chief Global Investment Strategist at Charles Schwab, discusses the outlook for December and 2025. He notes December can be strong but advises caution with "Trump trades." For 2025, global growth is expected to mirror 2024, with the U.S. and China slowing while other regions improve.

Persons: Jeffrey Kleintop, Charles Schwab Organizations: Trump, Global Investment, U.S Locations: China

☆ S&P 500 to end 2025 at 4,100, says strategist
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailS&P 500 to end 2025 at 4,100, says strategistPeter Berezin of BCA Research explains his bearish outlook on the S&P 500 next year, pointing to his expectations for a recession and a decline in earnings estimates.

Persons: Peter Berezin Organizations: BCA Research

☆ This is a market I'd be a stock picker not indexer, says Rockefeller's Cheryl Young
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is a market I'd be a stock picker not indexer, says Rockefeller's Cheryl YoungCheryl Young, Rockefeller Global Family Office private wealth advisor, joins 'Closing Bell' to discuss where to find opportunities, the market rotation and her market outlook.

Persons: Rockefeller's Cheryl Young Cheryl Young Organizations: Rockefeller, Family

☆ Gold falls on firmer U.S. dollar, profit-taking; key U.S. data in focus
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: +2 min

Gold prices snapped a four-session rally to fall on Monday, pressured by a firmer U.S. dollar and profit-taking, while investors awaited key U.S. economic data for cues on the Federal Reserve's monetary policy outlook. Gold prices snapped a four-session rally to fall on Monday, pressured by a firmer U.S. dollar and profit-taking, while investors awaited key U.S. economic data for cues on the Federal Reserve's monetary policy outlook. Major U.S. data due this week includes U.S. job openings, the ADP employment report and the payrolls report. "If the Fed was to set the stage more clearly for a potential rate hold into 2025, we may likely see gold prices weigh further," Rong said. Gold prices slipped over 3% in November to register its worst monthly performance since September 2023 as the prospect of higher tariffs under the incoming Donald Trump administration to keep interest rates higher for longer loomed.

Persons: Yeap Jun Rong, Jerome Powell, Rong, Donald Trump, Trump Organizations: Federal, U.S ., U.S, Saturday

☆ Top Wall Street analysts pick 3 stocks for their attractive prospects
▼ + stars: | 2024-12-01 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

Top Wall Street analysts look to pick stocks of companies that are backed by strong financials, reliable business models and that boast attractive product offerings. With that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. ServiceNowThis week's first pick is artificial intelligence-enabled workflow automation software company ServiceNow (NOW). Following a virtual fireside chat with ServiceNow's CFO Gina Mastantuono, Mizuho analyst Gregg Moskowitz reiterated a buy rating on NOW stock. The analyst also raised the price target to $1,070 from $980 to account for the rise in comparative valuation multiples.

Persons: Rafael Enrique, Lightrocket, Donald Trump, Gina Mastantuono, Gregg Moskowitz, Moskowitz, TipRanks, TD Cowen, Derrick Wood, Wood, Twilio Organizations: Wall, Mizuho, ServiceNow's Locations: Snowflake's, Snowflake

☆ Why Trump’s tariff plans could lead to higher interest rates
▼ + stars: | 2024-12-01 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Fed Chair Jerome Powell said in a recent speech in Dallas that it is still too early to consider how Trump’s tariff plans would affect the US economy. Trump’s tariffs would almost certainly push up prices for imported goods like avocados, cars and tequila. Retaliatory tariffs and consumer perceptionsFed officials will eventually develop economic models of how the US economy could perform under different tariff scenarios. Two potential developments they’ll consider will be whether retaliatory tariffs emerge from Trump’s plans, if enacted, and if Americans believe inflation will pick up. Despite the better outlook on price increases, “consumers overwhelmingly selected higher prices as their top concern and lower prices as their top wish for the new year,” the Conference Board added.

Persons: Donald Trump’s, Jerome Powell, Trump, Claudia Sheinbaum, ”, Stephanie Aliaga, ” Powell, ” Quincy Krosby Organizations: Washington CNN —, Federal Reserve, International Monetary Fund, Trump, Fed, Conference, Board, Asset Management, Treasury, LPL Locations: Dallas, Mexico, Canada, North America

☆ 4 predictions for the US housing market in 2025, according to Zillow
▼ + stars: | 2024-12-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

AdvertisementThe US housing market will keep shifting in 2025, according to Zillow. Homebuying activity should pick up after a long slump, despite choppiness in mortgage rates, the firm said. Between stubbornly high mortgage rates and elevated prices, home buyers had a tough time navigating the housing market in 2024, but more changes could be coming next year, Zillow says. In a recent outlook, the real estate listings site forecast a handful of developments for next year's housing market, which they noted is still in the process of normalizing since the pandemic. Mortgage rates will be choppyZillow predicted that mortgage rates will bounce up and down throughout next year.

Persons: Zillow, Freddie Mac, Skylar Olsen, Olsen, there's Organizations: National Association of Realtors

President-elect Donald Trump announced Saturday he would pick Kash Patel, the former chief of staff to to the acting secretary of defense during the first Trump administration, to serve as director of the Federal Bureau of Investigation. "Kash is a brilliant lawyer, investigator, and “America First” fighter who has spent his career exposing corruption, defending Justice, and protecting the American People," Trump wrote in a post to Truth Social, arguing Patel would "bring back Fidelity, Bravery, and Integrity to the FBI." Patel has earned a reputation as the ultimate Trump loyalist who has called for a purge of perceived enemies in the Justice Department and intelligence agencies. During the closing months of Trump’s tenure, the former president proposed Patel to serve as the deputy CIA director or to take over the FBI. He accused Patel of being a Washington bureaucrat who would interfere in a case where he was not needed.

Persons: Donald Trump, Kash Patel, Trump, Kash, Patel, Trump’s, ”, ” Patel, Chris Miller, Gina Haspel, William Barr, “ Patel, ” Barr, Joe Biden, Marc Short, Mike Pence, Steve Bannon, Bannon, “, it’s, we’re, “ King Donald, Shawn Ryan, Lynn Hughes, ‘ Organizations: Federal Bureau of Investigation, American People, Fidelity, Bravery, FBI, Trump, Justice Department, “, Democratic, National Security Council, Kash Foundation, Navy, ISIS Locations: Trump, Russia, Trump’s, Miami, Libyan, U.S, Benghazi, “, Houston, Central Asia, Washington, Tajikistan

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