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☆ This fund has outperformed the S&P 500 over the past 5 years. Here's how
▼ + stars: | 2024-11-13 | by ( Pia Singh | In | ) www.cnbc.com time to read: +7 min

Select Quality Equity Fund (GQEPX) is up 33% in 2024, outpacing the S & P 500's 27% year-to-date total return. It has also outperformed 99% of funds in its category over the past five years, per Morningstar. This matches the rest of the firm's fund strategies, GQG portfolio manager Brian Kersmanc told CNBC. "We focus on this concept of forward quality," Kersmanc explained. So they're considered that sort of a blue chip, almost widow-and-orphan stock within the portfolio," Kersmanc said.

Persons: Morningstar, GQEPX, Brian Kersmanc, Eli Lilly, Kersmanc, Rajiv Jain, it's, Philip Morris, —, It's, they're Organizations: GQG Partners, Equity Fund, CNBC, Nvidia, Exxon Mobil, Kersmanc, Exxon Locations: Florida, GQEPX

☆ Insana: The market is on a hot streak, and these factors – not the election – are driving it
▼ + stars: | 2024-10-22 | by ( Ron Insana | ) www.cnbc.com time to read: +4 min

Both have opined that the rally on Wall Street underscores a growing belief that former President Donald Trump will win on Nov. 5. However, I don't yet believe that Wall Street and Pennsylvania Avenue have intersected just yet. Indeed, if the stock market is anticipating a Trump victory, what might the bond market and gold market be telling us, assuming they expect the same outcome? Are those markets telling us a Trump victory would lead to higher inflation and bigger fiscal deficits? Those betting on a Trump win would be loath to say so if they follow the messages of multiple markets.

Persons: Stanley Druckenmiller, Dan Loeb, Donald Trump, Loeb, it's, Dow Jones, Kamala Harris, Trump, Ron Insana Organizations: Senate, Dow Jones, Nasdaq, Federal Reserve, Atlanta, Dow, Taiwan Semiconductor Manufacturing, Nvidia, European Central Bank, Trump, stoke, Democratic, Pennsylvania, CNBC Locations: U.S

☆ Bank stocks are trouncing the market in October on Trump optimism
▼ + stars: | 2024-10-21 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Bank stocks have outperformed in recent weeks as investors see an improved regulatory environment if former President Donald Trump returns to the White House, according to Bank of America. The Invesco KBW Bank ETF (KBWB) , which tracks the KBW Bank Index, has climbed more than 6% since the start of October. By comparison, the S & P 500 has added less than 2% during the same period. "A Republican win would likely be viewed most positive for bank stocks in terms of returning to balance the regulatory environment." Either a Trump win with a split government or a Republican sweep would be seen as bullish for this group of stocks, Poonawala said.

Persons: Donald Trump, Ebrahim Poonawala, Trump, Poonawala, Kamala Harris, Harris, October's Organizations: White, Bank of America, KBW Bank, Republican, Department of Justice, Consumer Financial Protection Bureau, Citigroup, TD Bank, New York Community, Trump . Bank, Trump, Justice Department Locations: Wells Fargo

☆ Bank of America thinks this senior housing stock trouncing the market has another 50% run to go
▼ + stars: | 2024-10-14 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Unappreciated aspects of Welltower , a real estate investment trust, or REIT, that invests in health-care infrastructure, are likely to translate into long-term growth ahead, according to Bank of America. Analyst Joshua Dennerlein reiterated his buy rating on the S & P 500 company, which owns senior housing as well as post-acute care and outpatient medical facilities. He also increased his price target by $61 to $190, the highest on the Street, according to FactSet, which implies nearly 52% upside from Friday's close. This year, the stock has been on a monster run, soaring about 41%, excluding reinvested dividends, versus 22.5% for the S & P 500. The Bank of America recommendation joins several other analysts on Wall Street who are bullish on Welltower.

Persons: Joshua Dennerlein, Welltower, Dennerlein, — Organizations: Bank of America, of, Wall Locations: Toledo , Ohio

☆ Top NFL Week 3 storylines: Will Vikings or Texans go 3-0? Can Andy Dalton help Panthers?
▼ + stars: | 2024-09-22 | by ( Mike Jones | ) www.nytimes.com time to read: +10 min

The esteemed group: The Bills, Buccaneers, Chargers, Chiefs, Saints, Seahawks, Steelers, Texans and Vikings. Can Darnold continue his resurgence against a Texans defense that ranks third-stingiest in yards allowed and second in sacks through two games? Saints’ legitimacyIt seemed premature to get excited about the Saints’ 47-10 trouncing of the Panthers in Week 1, given Carolina’s issue. And is a Saints defense that has held opponents to just 14.5 points per game equally as legit? Can Dalton help stop the bleeding, or is this team as bad as it seems regardless of who starts at quarterback?

Persons: C.J ., DeMeco Ryans, Kevin O’Connell’s, Kirk Cousins, Sam Darnold, J.J, McCarthy, Darnold, Jim Harbaugh, Dobbins, Justin Herbert, Mike Tomlin’s, Justin Fields, Russell Wilson, Lamar Jackson, Reggie Hildred, It’s, Dallas —, Mike Macdonald, Anthony Weaver, Dennard Wilson, Patrick Queen, Jadeveon, Chase, Tee Higgins, Joe Burrow, it’s, Klint Kubiak, Derek Carr, Jalen, Brown, Saquon Barkley, DeVonta Smith, Dallas Goedert, Bryce Young, Dave Canales, Andy Dalton, Young, Frank Reich, Carolina QB Young, he’s, Canales, Dalton, Will Levis ’, Brian Callahan’s, Will Levis, Levis, Callahan, m. Organizations: NFL, Jets, Patriots, Sunday, Football, Jacksonville, Buffalo, Washington, Cincinnati, Bills, Buccaneers, Chargers, Chiefs, Saints, Seahawks, Steelers, Texans, Vikings, Colts, Falcons, Panthers, Darnold, NFC, Mike Tomlin’s Steelers, Ravens, AFC, —, Bengals, Broncos, Giants, Jaguars, Rams, Titans, Kansas City, Raiders, Dallas, Cowboys, New Orleans, Kubiak's Saints, Eagles, Philadelphia, Atlanta, Carolina QB, Bears Locations: C.J . Stroud, San Francisco, Minnesota, Stroud, New, J.K, Pittsburgh, Dallas, Kubiak's

Harris called for ending taxes on tips while rolling out a series of populist economic proposals last week, echoing a policy Trump already supported. The vice president pointed to Trump’s opposition to a bipartisan border security and immigration bill, which turned Republicans against the measure. Vice President Kamala Harris gestures as she steps from Air Force Two upon arriving at Joint Base Andrews, Maryland, on August 23, 2024. As the sitting vice president, Harris’s response to an economic calamity or foreign crisis would be closely scrutinized. The spokesperson also said there have been more than 1,000 sign-ups for Students for Harris chapters across the country since the launch of Harris’ campaign.

Persons: Kamala Harris, Donald Trump, Joe Biden, Harris, eyeing, Trump, Robert F, Kennedy Jr, who’s, ” Kennedy, Biden, showdowns, I’m, Hawaii Democratic Sen, Brian Schatz, “, ” Harris, ”, she’s, ‘ We’re, ’ She’s, Ohio Sen, JD Vance, Kamala, mispronounced Harris ’, Harris ’, fumed, he’s, ” Trump, La Capra, Julia Nikhinson, let’s, familiarizing, —, Kevin Lamarque, Tulsi Gabbard, Gabbard, Jen O’Malley Dillon, Austin Steele, Quentin Fulks, Tim Walz, Joshua Martin, Rebecca Wright, Pinar Yildirim, Deja Foxx, “ Young, Brian Kemp, Kemp, Vance, Trump’s, ” Vance, Sean Hannity, “ We’re, ” Kemp, “ Kamala Harris, Wisconsin . Ohio Sen, Marco Bello, Walz, ” CNN’s Ted Barrett, Kate Sullivan, Kristen Holmes, Ali Main, Aaron Pellish, Alejandra Jaramillo, Priscilla Alvarez Organizations: CNN, Democratic National Convention, Trump, Democratic, ABC, Hawaii Democratic, Republican, Biden, Social Security, Air Force, Joint Base Andrews, Reuters, Union, Hawaii Rep, United Center, MSNBC, United, Minnesota Gov, Convention, University of Pennsylvania, Facebook, Harris, Georgia Gov, Georgia Republican, Party, GOP, Fox News Locations: Arizona, Trump, Glendale, Hawaii, Chicago, Ohio, Georgia, Nevada, Las Vegas, Mexican, North Carolina , Nevada , Arizona, Wisconsin , Michigan, Pennsylvania, Joint Base Andrews , Maryland, California, Chicago , Illinois, Washington, Asheboro, United States, Wisconsin . Ohio, Kenosha, Kenosha , Wisconsin

☆ Small cap Russell 2000 posts 10% gain in July, trouncing other indexes
▼ + stars: | 2024-08-01 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Wall Street ended July with a bang that turned a volatile month into a winner. The Russell 2000 soared 10.1% in July, its biggest one-month gain since December. .RUT YTD mountain Russell 2000, year-to-date Bank of America thinks this "pain trade" will continue as a new month of trading kicks off. Among the big analyst calls on Wall Street this morning, Morgan Stanley upgraded GE Vernova to overweight from equal weight. "We believe we are at the early stages of a multi-decade energy transition investment cycle that will require significant capital investment in gas power, renewables, and grid expansion/enhancement.

Persons: Russell, Savita Subramanian, Morgan Stanley, Andrew Percoco Organizations: Nasdaq, Nvidia, Bank of America, GE

☆ Biden should release the tapes of his Robert Hur interview if he wants to prove he's not too old
▼ + stars: | 2024-07-05 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Biden is 81 years old and, if he completes another term, would be 86 by the end of his presidency. There is a move he can take to help turn the tides: Release the Hur tapes. In later testimony before Congress, Hur said Biden "himself put his memory squarely at issue." His White House lawyers also wrote letters objecting to the language, writing Hur characterized Biden's memory "in sweeping, quasi-medical terms." The audio of Biden's interview could be manipulated by deepfakes in a politically volatile moment, they say.

Persons: —, Joe Biden, Donald Trump, Biden, Robert Hur, Hur, Beau Biden, Karine Jean, Pierre, General Merrick Garland, Garland, Joe Biden's, Win McNamee, deepfakes, Bob Bauer, Charles Tobin, Ballard Spahr, Tobin Organizations: Service, Business, ABC, Justice, White, White House Press, Justice Department, Republicans, Judicial Locations: Washington ,

☆ Bank of America's global 'Best of Breed' portfolio is trouncing the market. Here's what's in it
▼ + stars: | 2024-07-05 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Investors looking for outperformance in the third quarter may want to check Bank of America's global "Best of Breed" portfolio. Its third-quarter Best of Breed list is heavily exposed to tech, with the sector netting a 64% portfolio weighting. Here are some of the stocks in the portfolio: Nvidia made the list after a monstrous run this year, surging about 159%. The firm reiterated its overweight rating and raised its price target to $144 from $116 in a Monday note. The firm sees revenue growth accelerating in the second half of this year and operating income growth inflecting in 2025.

Persons: Morgan Stanley, Shopify, BofA, Tyler Radke, NetEase Organizations: America's, Nvidia, Apple, Microsoft, Citi, U.S, Palantir Technologies Locations: U.S, China

☆ Elon Musk and Tesla are on the rise after a brutal start to the year
▼ + stars: | 2024-07-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, a tough sales report for Tesla can't slow the EV maker's turnaround . After a dreadful start to the year, the EV maker has been running on all cylinders on a full charge. Tesla's polarizing CEO also notched a massive victory when investors approved Elon Musk's $55 billion pay plan . But what is new at Tesla, and what sparked the company's recent market rally, are big promises from its CEO. As automakers reconsider their EV strategy , Tesla has figured out how to build cars cheaper than anyone else .

Persons: —, I'm, Tesla, Jordan Strauss, Chelsea Jia Feng, Insider's Nora Naughton, BI's Filip De Mott, hasn't, Karol Serewis, Musk's, Nora, it's, he's, Musk, Apu Gomes, Steve Cohen's Point72, Ken Griffin's, Mark O'Hare, Larry Fink, execs, Marc Benioff, trouncing, It's, Jenny Chang, Rodriguez, they've, Morgan Stanley, Beryl, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Amanda Yen Organizations: Service, Business, Chelsea, Wall, Elon Musk's, Getty Images, Getty, Ken Griffin's Citadel, BlackRock, EU, Google, YouTube Locations: Wick, Jamaica, New York, London

☆ Trump got the perfect birthday present: complete capitulation by the GOP
▼ + stars: | 2024-06-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

CNN —Donald Trump got his 78th birthday present a day early — a handshake from his longtime bitter critic, Senate Minority Leader Mitch McConnell, encapsulating the Republican Party’s complete submission to its presumptive presidential nominee. They were provoked by the president.” He said Trump was morally and practically responsible for the assault on his beloved Capitol. “There’s tremendous unity in the Republican Party,” the ex-president said. Vance, was asked how some senior Republicans who had condemned Trump after January 6 could meet and applaud him now. “I think it’s a good thing and the Republican Party is in a good place.”Vance is not wrong.

Persons: Donald Trump, Mitch McConnell, encapsulating, Republican Party’s, Mike Pence, Keen, Florida GOP Sen, Marco Rubio, Trump, Texas Sen, Ted Cruz, McConnell, Doug Mills, Elaine Chao, ”, clasped McConnell’s, Nikki Haley, “, Evelyn Hockstein, Ohio Sen J.D, Vance, ” Vance, Utah Sen, Mitt Romney, Liz Cheney, Paul Ryan, Trump’s deportment, Biden, Joe Biden —, —, Donald Trump’s, It’s, Vladimir Putin, we’re, ” Biden, Volodymyr Zelensky, Putin, Joe Biden, Antonio Masiello, John Bolton, ” Bolton, Bianna Golodryga, Ronald Reagan, doesn’t Organizations: CNN, Republican, Capitol, Republicans, trouncing Democrats, Florida GOP, The New York Times, Kentucky, Trump, South Carolina Gov, Republican Party, National Republican Senatorial, Reuters, Former Wyoming, Fox News, Lawmakers, GOP, Domenico, Borgo, Former Trump, Zelensky, CNN International Locations: Florida, Texas, adulation, America, Washington, Utah, Italy, Ukraine, Fasano

☆ Exxon trouncing Salesforce since software stock replaced oil giant in the Dow four years ago
▼ + stars: | 2024-05-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

An Exxon gas station sign is seen in the Brooklyn borough of New York City, on Oct. 6, 2023. Four years ago, Exxon Mobil's reign as the longest-serving component in the Dow Jones Industrial Average abruptly ended when the oil major was replaced by Salesforce in August 2020 in the biggest shake-up in years. That reshuffling of the Dow was seen as a sign of the times, with the energy sector struggling from a total collapse in oil prices into negative territory during the Covid-19 pandemic. Meanwhile, technology stocks booked strong gains during the work-from-home era. The oil major's stock has gained nearly 170% since the August 24, 2020, announcement of its exit from the Dow, while Salesforce has gained just 4% over the same period.

Persons: Exxon Mobil's, Salesforce, Dow Organizations: Exxon, Dow Jones, Dow Locations: Brooklyn, New York City

☆ Buffett's Berkshire Hathaway trouncing the market this year and near a record heading into shareholder meeting
▼ + stars: | 2024-05-03 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Berkshire Hathaway shares are near all-time highs ahead of the conglomerate's annual shareholder meeting, but a few worries are weighing on analysts' minds. BRK.B ALL mountain Berkshire Hathaway Class B shares But that doesn't mean the stock is without its problems. Berkshire Hathaway Energy Berkshire Hathaway has been contending with several high-profile lawsuits in recent months, including the settlement this year of a billion-dollar lawsuit with the Haslam family over how Berkshire valued Pilot Travel Centers, a truck-stop giant. Her 12-month price target of $472 implies Berkshire shares can climb roughly 18% from Thursday's closing price of $400.60 per share. "I think that the future is very bright for Berkshire Hathaway," Shanahan said.

Persons: Berkshire Hathaway, Cathy Seifert, Berkshire Hathaway Energy Berkshire Hathaway, Haslam, PacifiCorp, Warren Buffett's Berkshire Hathaway, Buffett, Edward Jones, James Shanahan, CFRA's Seifert, Seifert, Shanahan, Bull Organizations: Berkshire, Berkshire Hathaway, CFRA Research, Berkshire Hathaway Energy Berkshire, Travel Centers, Berkshire Hathaway Energy, Federal Reserve, CNBC Locations: Berkshire, Oregon, Northern California, Warren, Woodstock, Omaha , Nebraska

☆ Most doses of Eli Lilly's Zepbound, Mounjaro in short supply through June, FDA says
▼ + stars: | 2024-04-17 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +1 min

An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City, U.S., December 11, 2023. Most doses of Eli Lilly 's highly popular weight loss drug Zepbound and diabetes counterpart Mounjaro will be in short supply through the second quarter of this year as demand jumps, according to an update on the Food and Drug Administration's drug shortage database on Wednesday. All doses of Zepbound and Mounjaro besides the 2.5-milligram versions of both treatments are in a shortage. "We recognize this situation may cause a disruption in peoples' treatment regimens and areworking with purpose and urgency to help meet the surge in demand," an Eli Lilly spokesperson said in a statement to CNBC. The company expects its investments in manufacturing and supply capacity "to progressively increase production of our medicines throughout 2024 and beyond," they added.

Persons: Eli Lilly’s, Eli Lilly Organizations: Food, Novo Nordisk, CNBC Locations: New York City, U.S

☆ Trump, Trailing Biden in Cash, Relies on Big Donors to Try to Catch Up
▼ + stars: | 2024-04-15 | by ( Rebecca Davis O Brien | ) www.nytimes.com time to read: +1 min

Former President Donald J. Trump leaned heavily on major Republican donors in March as his campaign and the Republican Party sought to close the financial gap separating him from President Biden, new federal filings showed on Monday. For much of the race, Mr. Trump has relied on small donors — in particular, those giving less than $200 online — to sustain his campaign. But in recent weeks, as Mr. Trump finished trouncing his primary opponents and Mr. Biden and the Democrats gathered fund-raising steam, these donors have opened their checkbooks to the former president. In the last two weeks of March alone, one committee backing Mr. Trump raised nearly $18 million, nearly all from six-figure contributions. Mr. Trump and the Republican Party finished the month with $93 million on hand between all their committees, his campaign has said, having raised more than $65 million in March.

Persons: Donald J, Trump, Biden Organizations: Republican Party

☆ Goldman crushes revenue and earnings forecasts as investment-banking fees soar
▼ + stars: | 2024-04-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Goldman Sachs reported first-quarter earnings on Monday that trounced Wall Street's forecasts. The investment bank generated over $14 billion in net revenue and $11.58 in earnings per share. Goldman reported strong growth in investment-banking fees and asset and wealth management. Goldman's asset and wealth management arm posted an 18% rise in net revenue to $3.8 billion, helped by record quarterly management and other fees. AdvertisementIn the earnings release, Goldman CEO David Solomon said: "Our first quarter results reflect the strength of our world-class and interconnected franchises and the earnings power of Goldman Sachs.

Persons: Goldman Sachs, Goldman, —, David Solomon Organizations: Wall, Service

☆ Cramer says get ready to buy if there's a market sell-off: 'I have my shopping list'
▼ + stars: | 2024-03-04 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday disputed talk of sector bubbles, saying investors should be prepared to buy if there's a sell-off and undervalued stocks pull back. "I will be ready to buy if this market sells off," he said. He opined about the burgeoning artificial intelligence sector, saying that despite its current popularity, investors may not yet conceive of how influential this new technology will be. Cramer also pointed to Nvidia — which recently closed above the $2 trillion market cap — and said the company hasn't been overvalued. "I'm not fretting, I'm just expecting, and I have my shopping list of what to buy on weakness for the charitable trust."

Persons: CNBC's Jim Cramer, Cramer, hasn't, Wall, Nvidia's, —, Eli Lilly, I'm Organizations: Nvidia, Novo Nordisk

☆ Weight loss drugs are still hard to find — but Novo Nordisk and Eli Lilly are trying to change that
▼ + stars: | 2024-02-10 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +8 min

Victoria Klesty | ReutersThe insatiable demand for weight loss drugs is trouncing supply, leaving many patients struggling to find the injectable treatments. The dominant weight loss drugmakers, Novo Nordisk and Eli Lilly , have said supply woes likely won't go away anytime soon, as the popularity of those medicines continues to soar. Some Wall Street analysts project that the weight loss drug market could be worth $100 billion by the end of the decade. But both Novo Nordisk and Eli Lilly gave updates on positive supply developments to investors over the last week. Other forms of weight loss drugs could helpAlternative forms of weight loss drugs could also help alleviate supply constraints in the future.

Persons: Victoria Klesty, Eli Lilly, Cantor Fitzgerald, Louise Chen, Nordisk's Wegovy, Eli Lilly's Zepbound, Goldman Sachs, Jeff Friedman, Novo, Mike Segar, Eli, Catalent, Yves Herman Yves Herman, TD Cowen, Michael Nedelcovych, Anat Ashkenazi, Cantor Fitzgerald's Chen, Morgan Stanley, Eli Lilly's, George Frey Organizations: Novo Nordisk, CNBC, Nordisk's, University of Florida, Pfizer, AstraZeneca, Roche, Food, Nordisk, Company, FDA, Novo Holdings, Wegovy, REUTERS, Reuters, U.S Locations: Oslo, Norway, Novo, U.S, Branchburg , New Jersey, Brussels, Belgium, Catalent, Concord , North Carolina, North, Germany, Indiana, Denmark, France

☆ Election 2024 Trump rolls in Nevada, Biden is roiled by a special counsel — and the race remains largely unchanged.
▼ + stars: | 2024-02-09 | by ( Chris Cameron | Michael Gold | ) www.nytimes.com time to read: +6 min

Even in a campaign in which Mr. Trump’s dominance has sapped the race of much of its drama, his win in Nevada felt particularly preordained. Embarrassingly for Ms. Haley, she was heavily outvoted in that election by a “None of These Candidates” option on the ballot. She was essentially unopposed, but even without Mr. Trump on the ballot, Republican voters rejected her. Ms. Haley still won the contest, but its results were effectively immaterial. Mr. McDonald also repeatedly pushed false claims of voter fraud that remain at the heart of Mr. Trump’s lie that the 2020 election was stolen from him.

Persons: Donald J, Trump, Nikki Haley, Embarrassingly, Haley, Trump’s, trouncing Ms, Haley’s, Biden, Max Whittaker, William E, ”, Susan Sevilleja, “, Michael J, McDonald, Biden’s, McDonald’s, Ron DeSantis, Kellen Browning Organizations: Nevada’s Republican, Associated Press, Nevada Republican Party, Republican Party, Republican, U.S . Virgin, Republicans, Democratic, Mar, The New York Times, Nevada Republicans, William, Orr Middle, White House, Mr, Trump, Gov Locations: Nevada’s, Nevada, Colorado, Florida, Las Vegas

☆ Meta is trouncing Snap in Digital ads — here's why
▼ + stars: | 2024-02-06 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on May 20, 2021 in Los Angeles. The online ad market is bouncing back. Snap reported an increase of just 5% year-over-year, its sixth straight quarter of single-digit growth or a decline in sales. For the first quarter, Snap projected revenue of $1.095 billion to $1.135 billion, which would equal growth of between about 11% and 15%. Broadly, the digital ad market is recovering from a brutal 2022, when soaring inflation and rising interest rates led brands to reel in spending.

Persons: Evan Spiegel, Meta, Jasmine Enberg Organizations: Snap Inc, Facebook, Google, Microsoft, Insider Intelligence Locations: Los Angeles, Paris

President Barack Obama won Florida in 2008 and 2012, but Trump carried the state in 2016 and 2020. AP VoteCast found that Biden won just 54% of the state’s Latino voters in 2020, down substantially from his national average of 63%. For example, Biden won Miami-Dade and Palm Beach counties in 2020, but by lower margins than Hillary Clinton did in 2016. "The assumption that Florida will necessarily be an easy victory for Republicans is questionable.”Both Florida parties have been hit by infighting. The Republicans recently ousted their state party chair, Christian Ziegler, after he got caught up in a sex scandal.

Persons: Joe Biden, Donald Trump, Biden, Barack Obama, Trump, AP VoteCast, Hillary Clinton, Kevin Wagner, Wagner, Ron DeSantis, Christian Ziegler, “, Evan Power, Nikki Fried, Fried, ” Fried, ___ Spencer, Josh Boak Organizations: WASHINGTON, Republican, Trump, Democratic National Committee, Florida, Republicans, Democrats, Senate, AP, Democratic, Miami, Dade, Fort, Bureau of Labor Statistics, Florida Atlantic University, Republican Gov, GOP, Democratic Party, Associated Press Locations: Florida, Trump's, Lago, Miami, U.S, Midwest, Northeast, Palm Beach, Fort Lauderdale, West Palm Beach, Beach, Fort Lauderdale , Florida

☆ This energy drink stock trouncing the market appears ready for its next bull run, according to the charts
▼ + stars: | 2024-01-17 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

However, America's quest for a healthier lifestyle in a post-pandemic era led Pepsi to invest in Celsius (CELH) in August, 2022. International opportunity The Pepsi distribution deal helped Celsius spread across America quickly and it is now sitting at the No. DISCLOSURES: (Gordon owns CELH in personal (stock and options) and stock in wealth management business.) THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: it's, Ozempic, CELH, Jarrod Langhan, Gordon Organizations: Pepsi, Cola, Tactical Alpha, Monster Beverage, Beverage Locations: America, Canada, United Kingdom, Australia, Germany

☆ Indian economy to exceed growth estimates after strong Q2 beat : economists
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +3 min

The country's economy expanded 7.6% in the July-September quarter, trouncing estimates of a 6.8% rise, data released on Thursday showed. He had an earlier forecast growth at 6.7%. The government stuck to its 6.5% growth forecast for the year, but chief economic advisor V. Anantha Nageswaran said he was "more comfortable with an upside to this projection than before". Reuters GraphicsCitigroup revised its growth forecast for the financial year upwards by 50 basis points to 6.7% citing a pick-up in investment activity. "This reaffirms our view of sustained investment recovery," the Wall Street bank's chief India economist Samiran Chakraborty said in a note.

Persons: Ranita Roy, Saumya Kanti Ghosh, V, Anantha Nageswaran, Gross, Samiran Chakraborty, Chakraborty, Radhika Rao, Gaura Sen Gupta, Ira Dugal, Nivedita Organizations: REUTERS, Rights, State Bank of India, Reuters Graphics Citigroup, Street bank's, DBS, IDFC, Bank Economics Research, Thomson Locations: Kolkata, India

☆ US Thanksgiving weekend sales hit record $38 bln on big discounts - report
▼ + stars: | 2023-11-28 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Shoppers crowd a Walmart store ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. Online consumer spending jumped 7.8% during Cyber Week, or the five days from Thanksgiving through Cyber Monday, according to data from Adobe Analytics, outstripping initial expectations for a 5.4% rise. But blockbuster deals rolled out from Thanksgiving Day through Cyber Monday helped spread the holiday cheer for bargain-hunters. Sales on Cyber Monday jumped a better-than-expected 9.6% to a record $12.4 billion, as shoppers clicked "buy" on Hot Wheels toys, PlayStation 5, smart watches and kitchen appliances. Reuters GraphicsAdobe said discounts peaked at 31% for electronics and at 27% for toys on Cyber Monday, which is typically the biggest online shopping day in the U.S.

Persons: Kamil Krzaczynski, Vivek Pandya, trouncing, Klarna, Deborah Sophia, Juby Babu, Pooja Desai Organizations: Walmart, REUTERS, Adobe Analytics, Deloitte, Adobe Digital, Graphics Adobe, Thomson Locations: Chicago , Illinois, U.S, Bengaluru

☆ US Thanksgiving weekend sales hit record on big discounts, online boost
▼ + stars: | 2023-11-28 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +3 min

More than 200 million shoppers tapped into promotions both in-store and online during the Thanksgiving weekend, the National Retail Federation (NRF) said on Tuesday. That was a jump from the 196 million shoppers seen last year and trumped the trade association's estimates of 182 million. Online shoppers rose 3.1% to 134.2 million, making up for a slight dip in the number of customers who visited brick-and-mortar stores. The weekend saw about 121.4 million in-store shoppers, down from 122.7 million in 2022, according to the retail body. Adobe said discounts peaked at 31% for electronics and at 27% for toys on Cyber Monday, which is typically the biggest online shopping day in the U.S.

Persons: Kamil Krzaczynski, Matthew Shay, Vivek Pandya, trouncing, Klarna, Deborah Sophia, Juby Babu, Pooja Desai Organizations: Walmart, REUTERS, Adobe Analytics, Deloitte, National Retail Federation, Shoppers, Adobe Digital, Adobe, Thomson Locations: Chicago , Illinois, U.S, Bengaluru

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