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The Stock Trader's Almanac issued a seasonal buy signal for equities, saying investors who sold in May can start to come back to the market now as the calendar nears what are historically the best six months of the year. The same is true of the S & P 500 . In the best six months, the S & P 500 gained 3,019 points, while rising 1,133 points in the worst six. "And beginning on the first trading day of April we prepare to exit these seasonal positions as soon as the market falters." The 30-stock Dow Jones Industrial Average rose above the 43,000 milestone on Monday, while the S & P 500 recently crossed the 5,800 level for the first time.
Organizations: Dow Jones, Dow Jones Industrial Locations: Cambodia
Earnings will be the main event this week, as Wall Street looks to add to recent record-setting gains. Nearly 40 S & P 500 companies are scheduled to post third-quarter results this week. Check out our latest Earnings Playbook for more on the names reporting this week. The 30 S & P 500 names that reported last week beat earnings expectations by an average of 5%, according to Bank of America. The S & P 500 closed above 5,800 for the first time on Friday.
Persons: Goldman Sachs, Morgan Stanley —, Ohsung Kwon, Banks, JP Morgan, corporates, Kwon, Fastenal, Lori Calvasina, It's, Dow Organizations: Netflix, Bank of America, RBC Capital Markets, Big, Dow Jones Industrial, Federal Reserve
US stocks hit record highs on Monday as investors get ready for a wave of earnings reports. Over 80 S&P 500 companies, including Netflix and Goldman Sachs, report earnings this week. Monday's close marked the S&P 500's 46th record close of the year, as investors continue to power the two-year-old bull market higher. More than 80 S&P 500 companies are scheduled to report third-quarter earnings results this week, with major names like Netflix, Goldman Sachs, and Morgan Stanley on deck. According to data from Fundstrat, 6% of S&P 500 companies have already reported their results.
Persons: Goldman Sachs, Fed Governor Waller, , Monday's, Morgan Stanley, Adriana Kugler, Christopher Waller, Waller Organizations: Netflix, Fed, Service, Dow Jones, Dow, Federal, Stanford University's Hoover Institution Locations: Fundstrat, Here's
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
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Persons: Jim Cramer, Morgan Stanley, Wells, Stocks, Lisa Su, Su didn't, Goldman Sachs, Johnson, Jim Cramer's, Jim Organizations: CNBC, Dow, Nasdaq, Monday, Tech, Energy, Wells, Nvidia, AMD, Citigroup, Bank of America, United Health, Walgreens, Abbott Laboratories, Jim Cramer's Charitable Locations: Friday's, China
Dow Jones Industrial Average futures are near flat Monday night after the blue-chip index closed at a record. S&P 500 futures and Nasdaq 100 futures also both traded near their flatlines. Those moves come after a winning day on Wall Street that propelled the S&P 500 and Dow to new intraday highs and record closes. Information technology stocks led the S&P 500 higher in the session, with the sector finishing nearly 1.4% higher. Beyond banks, United Airlines , Walgreens Boots Alliance and Johnson & Johnson are also on the docket.
Persons: Scott Chronert, Goldman Sachs, Johnson, Mary Daly, Raphael Bostic, Adriana Kugler Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow, Nvidia, Citigroup, Bank of America, United Airlines, Walgreens Boots Alliance, Johnson, San Francisco Federal, Atlanta Fed Locations: New York City, Citi's, United
Getting ready for the "two problematic stories," Wells Fargo and JPMorgan , which came later in the morning, took some real digging. ET – Wells Fargo shares turned and started inching up. With what you saw in Wells Fargo and JP Morgan on Friday. Think like this: When the psychology of the market changes, people don't want to bang out of Wells Fargo, they want to get in. But there is no doubt that Wells Fargo at 11 times forward earnings now seems a little silly given that the background is so positive.
Persons: Larry Fink, Wells, Wells Fargo, Charlie Scharf, Jamie Dimon, Jeff Marks, JP Morgan, Scharf, It's, Warren Buffett, Morgan Stanley, Eli Lilly, haven't, Jim Cramer's, Jim Cramer, Jim, Squawk, Virginia Sherwood Organizations: BlackRock, JPMorgan, Wall, Club, Wells Fargo, Elon, SpaceX, Federal, New York Stock Exchange, Fed, Bank of America, Boston, Walmart, Costco, Semiconductors, Enterprise, JFrog, Microsoft, , Dow, Jim Cramer's Charitable, CNBC Locations: Wells Fargo, NII, U.S
In Friday's look at wholesale inflation, the producer price index was unchanged month over month . We'll hear from Club holdings Morgan Stanley and Abbott Laboratories on Wednesday morning. Morgan Stanley: The ongoing recovery in investment banking will be front and center. That was a key theme in the second quarter , and the hope is that the July-to-September period showed a continuation of the trend for Morgan Stanley. Morgan Stanley has been strong lately, though.
Persons: Jim Cramer, Jim, Gamble, — Wells, industrials, Goldman Sachs, ASML, Morgan Stanley, Morgan Stanley's, Louis, Abbott, Charles Schwab, Johnson, JB Hunt, Kinder Morgan, Huntington, Jim Cramer's, Charly Triballeau Organizations: Club, Dow Jones, Nasdaq, Procter, Federal, JPMorgan, , Tech, . Utilities, UnitedHealth, Taiwan Semiconductor Manufacturing, Abbott Laboratories, Abbott Labs, NEC, Abbott, Food and Drug Administration, Walgreens Boots Alliance, Citigroup, Bank of America, United Airlines, Interactive, US Bancorp, Citizens, Alcoa, PPG Industries, CSX, Truist, Netflix, Crown Holdings, American Express, Gamble, CNBC, New York Stock Exchange, Financial, Afp, Getty Locations: Wells, U.S, Wells Fargo, St, Taiwan, New York City
Stock futures were little changed in overnight trading Sunday as investors waited to assess whether the next batch of key corporate earnings could power the market to more records. S&P 500 index futures were flat, while Nasdaq-100 futures dipped 0.1%. The S&P 500 closed above 5,800 for the first time, while the blue-chip Dow also reached an all-time high. The S&P 500 has gained nearly 22% this year, excluding reinvested dividends. Treasury yields have risen lately too, with the benchmark 10-year note yield, used to calculate everything from mortgages to auto loans, topping 4.1% last week.
Persons: Wells Fargo, Dow, Goldman Sachs, Johnson, Morgan Stanley, Adam Crisafulli Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Columbus, JPMorgan Chase, Bank of America, Johnson, United Airlines, Walgreens Boots Alliance, Netflix, Procter, Gamble, Federal, Vital, Treasury Locations: New York City
With the bull market in stocks now two years old, investors are wondering how long the rally can last. AdvertisementThe stock market bottomed on October 12, 2022, marking two years since the start of the ongoing bull rally. A resilient job market, lower inflation, and continued corporate earnings growth helped push the stock market higher over the past two years. A common Wall Street expression is "rotation is the lifeblood of a bull market," and that appears to be playing out. Advertisement"Although many might think this bull market has gone too far and is getting old, that isn't the case at all.
Persons: , Jay Woods, Woods, Ryan Detrick, Detrick, Baird, Ross Mayfield Baird, Ross Mayfield, Mayfield, Rob Haworth, Haworth Organizations: Service, Nasdaq, Dow Jones, Freedom Capital, Jay, Freedom Capital Markets, Carson, Carson Group, Business, Asset Management, Rob, Bank Asset Management, Federal Reserve
The S&P 500 and Dow Jones Industrial Average powered to new highs on Friday and capped off a winning week as banking behemoths ushered in a promising start to the third-quarter earnings season. The broad index gained 0.6% to end at 5,815.03, while the Dow rallied 409.74 points, or nearly 1%, to finish at 42,863.86. The S&P and Nasdaq jumped 1.1% each, while the Dow toted a 1.2% gain. A strong start to the third-quarter earnings season provided a lift to stocks. That included a cooler-than-expected September producer price index reading after the consumer price index increased slightly more than expected.
Persons: , , Craig Sterling, JPMorgan Chase, Wells, Kim Forrest, Forrest, Stocks, Goldman Sachs, David Russell, Organizations: Dow Jones Industrial, Dow, Nasdaq, JPMorgan, Bokeh Capital Partners, , Federal, Federal Reserve
And, with earnings season set to ramp up, that could mean further gains. Already, on Friday, JPMorgan Chase and Wells Fargo were rallying in midday trading after reporting their latest results this week, an auspicious start to the earnings season. A strong earnings season Earnings results next week will be dominated by reports from the banking sector, giving investors further insight into the health of the capital markets as well as the consumer. Several regional banks are also set to announce how they did in the most recent quarter as well, such as PNC Financial Services Group and Citizens Financial Group. Even so, investors are optimistic about the outlook for corporate profits this earnings season, especially with expectations having come down.
Persons: what's, Oppenheimer, Wells Fargo, Charlie Ashley, Ashley, Goldman Sachs, Morgan Stanley, Ross Mayfield, Catalyst's Ashley, Baird's Mayfield, Mayfield, Charles Schwab, Huntington Bancshares Organizations: Dow Jones, Tech, Nvidia, JPMorgan Chase, Traders, Federal Reserve, Catalyst Funds, Nasdaq, Ashley . Bank of America, PNC Financial Services Group, Citizens Financial Group, Private Wealth Management, Treasury, Columbus, Columbus Day, Index, United Airlines, Hunt Transport Services, Citigroup, State, Goldman Sachs Group, Walgreens Boots Alliance, Johnson, Bank of America, PNC Financial Services, UnitedHealth, Price, PPG Industries, Steel Dynamics, Discover Financial Services, CSX, Abbott Laboratories, U.S . Bancorp, Financial Group, Philadelphia Fed, Retail, Manufacturing, Netflix, T Bank Corp, Elevance, Truist, Blackstone, Housing, Schlumberger, Procter, Gamble, Fifth Third Bancorp, Regions Financial, American Express Locations: Ashley, bullish, Prologis, NAHB
A handful of stocks stood out as the biggest winners on Wall Street this week, and analysts think they have more room to run. Consensus price targets from analysts polled by LSEG imply 16% upside for shares moving forward. Super Micro Computer also made the list, with shares of the information technology stock up nearly 16% on the week. Analysts polled by LSEG forecast upside of nearly 62%, per their consensus price targets. Consensus forecasts from analysts polled by LSEG forecast about 19% upside moving forward.
Persons: Wells Fargo, Dow Jones, Stocks, LSEG, Andrew Didora Organizations: JPMorgan Chase, CNBC Pro, Bank of America, Computer, Nvidia, LSEG
JPMorgan and Wells Fargo reported strong earnings that eased fears of a consumer slowdown. September's producer price index was flat, calming inflation concerns amid rising yields. JPMorgan CEO Jamie Dimon praised his bank's performance in the earnings release but warned that geopolitical conditions are "treacherous and getting worse." AdvertisementApart from earnings results, retail sales data, set to be released on October 17, is the next big data release for investors to watch. Here's where US indexes stood at the 4:00 p.m. closing bell on Friday:AdvertisementHere's what else is going on:In commodities, bonds, and crypto:
Persons: Dow Jones, Wells, , Wells Fargo, Jamie Dimon, Dimon, David Russell Organizations: JPMorgan, Service, Dow Jones, PPI, Business, Bank of America
Dow and S&P 500 end week on another record close
  + stars: | 2024-10-11 | 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 EmailDow and S&P 500 end week on another record closeVictoria Greene, G Squared Private Wealth founding partner, and Ryan Detrick, Carson Group Chief Market Strategist, joins 'Closing Bell Overtime' to talk the day's record market action.
Persons: Victoria Greene, Ryan Detrick Organizations: Dow, Private Wealth, Carson Group
Wholesale prices were flat in September, below expectations
  + stars: | 2024-10-11 | by ( Jeff Cox | ) www.cnbc.com   time to read: +2 min
A measure of wholesale prices showed no change in September, pointing to a continued easing in inflation, the Labor Department reported Friday. The producer price index, which measures what producers get for their goods and services, was flat for the month and up 1.8% from a year ago. Within the PPI, a 0.2% decline in final demand goods prices offset a 0.2% increase in services. A 3% jump in deposit services costs pushed the services index higher, while professional and commercial equipment wholesaling prices tumbled 6.3%. Similarly, the index for gasoline fell 5.6%, holding back gains on the goods index.
Persons: Dow Jones Organizations: Labor Department, PPI, Fed
The yield on the 10-year Treasury fell around 2 basis points to 4.075%. The yield on the 2-year Treasury was down by more than 2 basis points to 3.974%. The U.S. 10-year Treasury yield edged lower on Friday as market participants awaited the release of the Producer Price Index (PPI) report. The yield on the 10-year Treasury briefly topped 4.1% in the previous session following commentary from Atlanta Federal Reserve President Raphael Bostic that suggested his openness to a cutting pause. Sticking on the data front, investors will turn their attention to the release of the latest PPI reading, which is expected at 8:30 a.m.
Persons: Raphael Bostic, Bostic, Dow, — CNBC's Brian Evans Organizations: Treasury, Atlanta Federal Reserve, Wall Street Journal, Fed, U.S, Consumer, Index, PPI Locations: U.S
After the latest blast of consumer inflation data, traders are facing a conundrum around how they should interpret the monthly numbers. September's consumer price index report topped the Street's expectations, rising 0.1% from the month prior and increasing at a pace of 2.4% over the past 12 months. Still, the annual inflation rate was the lowest since February 2021. Relative to expectations, September's CPI number does not imply a reacceleration of inflation. Rather, the rate of consumer inflation continues to slow, albeit at a more modest pace than some had hoped for.
Persons: Dow Jones, Nonfarm payrolls, Austan Goolsbee, Ron Insana Organizations: of Labor Statistics, Bureau of Labor Statistics, BLS, Social Security, Dow Jones, Federal Reserve Bank of Chicago, CNBC Locations: U.S
Hurricane Milton leaves a trail of destruction in Florida. Milton sweeps through Florida after a destructive landfallFlorida communities are waking up to destruction left by Hurricane Milton as the storm tore through the state — the second major hurricane to hit in two weeks. More Hurricane Milton coverage:Milton intensified at one of the fastest rates in recorded history. ➡️ An NBC News poll found Harris and Trump voters see their candidates representing “change” but in very different ways. The iconic Tropicana casino was imploded to make way for a proposed $1.5 billion stadium to house the Oakland Athletics ahead of the team’s planned move to Sin City in 2028.
Persons: Milton, Hurricane Milton, Sheriff Keith Pearson, ” Pearson, , Tom, Helene, Dan ”, Hurricane Helene, Dow Jones, pare, Nasir Ahman Tawhedi, Tawhedi, Biden, Harris, Donald Trump riled, Kamala Harris, Trump, Marxist ”, ” Trump, “ Somebody, , , ➡️ Trump, ➡️ Harris, Glock, Josh Shapiro, Elon Musk, Kari Lake, Ruben Gallego, Maya Huter, — Rich Bellis, you’re, Elizabeth Robinson Organizations: CIA, Las, Hurricane, Field, Tampa Bay Rays, West Palm Beach, Florida National Guard, Hurricane Milton, NBC, Federal, Wall Street, FBI, U.S ., ISIS, Republican, Trump, Harris Former, Marxist, Democratic Party’s, ➡️, Democratic Rep, Arizona Senate, Tropicana, Oakland Athletics, Sin City, Walmart Locations: Florida, An Afghan, Milton, Siesta, St . Petersburg, West Palm, Lucie County, U.S, Tampa, Hurricane, Afghanistan, Scranton , Pennsylvania, Harris, Scranton, Colorado , California , Illinois, New York, Pennsylvania, Arizona, Sin
Ahead of the latest monthly inflation reading, consumers are still coming to terms with the sticker shock of everyday goods and services prices — and lingering uncertainty about the economy. The pace of consumer price growth was expected to have remained largely unchanged in September, according to Dow Jones estimates. Harris has narrowed the gap in some surveys about which presidential candidate would be better on economic issues, but Trump still leads on that metric. Analysts generally agree that’s a sign the economy remains on solid footing, at least according to the data. Today’s inflation numbers could cause Wall Street to pare back expectations of an interest-rate cut at the Federal Reserve’s next meeting in November.
Persons: Dow Jones, Donald Trump, Kamala Harris, Biden, Trump, Harris, , , Bill Dunkelberg Organizations: Democratic, University of Michigan Consumer Survey, Biden, AAA, Federal, National Federation of Independent Locations: November’s, pare
Here are 12 smaller stocks to buy with up to 94% upside, according to Oppenheimer. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Although Oppenheimer still prefers large stocks over SMID-caps, the firm sees ample opportunities in that less-loved part of the market. AdvertisementThere are 25 stocks on Oppenheimer's latest SMID-cap list, including 12 new entries that weren't on the second- or third-quarter editions. Those new stocks are below — sorted in alphabetical order by growth theme — along with each one's ticker, market capitalization, sector, growth theme, price target, upside, and commentary.
Persons: Oppenheimer, , Russell Organizations: Service, Dow Jones Locations: uptrends
Valerie Plesch | Picture Alliance | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Sentiment in markets, it seems, was buoyed by encouraging comments from the Fed. The Fed, in other words, is keeping a close eye on the economy and wants to make sure it maintains its smooth landing. It's as if Stephen Sondheim's musical "Into the woods to get the money," markets are merrily singing.
Persons: Valerie Plesch, Gregory Daco, Goldman Sachs, Stephen Suttmeier, Philip Jefferson reemphasized, we're, Mike Bailey, Stephen Sondheim's, Jeff Cox, Samantha Subin, Sarah Min Organizations: Federal Reserve, Getty, CNBC, Brent, Bank of America, Dow Jones Industrial, Nasdaq, Apple, Micro Computer, Fed, FBB Capital Partners Locations: USA, Washington, Florida, U.S, Israel
Indexes slipped Thursday as investors priced in a higher-than-expected inflation reading. The data raises the possibility of a "no landing" scenario for the US economy. AdvertisementStocks fell on Thursday from records reached in the previous session, as traders took in a sticky inflation reading for September. September consumer price index data released on Thursday showed inflation rose 2.4% year-over-year, slightly above consensus forecasts of a 2.3% rise. AdvertisementThe core CPI reading, which excludes more volatile food and energy costs, was up 3.3% year-over-year and just above forecasts of 3.2%.
Persons: , Stocks, Hurricane Milton, Jamie Dimon, Buffett Organizations: Traders, Service, Dow Jones, Nasdaq, Dow, CPI, Federal Reserve, Bank of America, Investors, Labor Department, Here's, Insurance Locations: Hurricane
Both readings were 0.1 percentage point above the Dow Jones consensus. The annual inflation rate was 0.1 percentage point lower than August. Excluding food and energy, core prices increased 0.3% on the month, putting the annual rate at 3.3%. Both core readings also were 0.1 percentage point above forecast. After a half percentage point reduction in September, the central bank is expected to continue cutting, though the pace and degree remain in question.
Persons: Justin Sullivan, Dow Jones Organizations: Labor Department, Dow, of Labor Statistics, Federal Reserve Locations: Greenbrae , California, U.S
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 11, 2024 in New York City. Stock futures were little changed on Thursday evening, as investors looked ahead to a wholesale inflation reading and quarterly results from major banks. Futures tied to the S&P 500 inched higher by 0.08%, while Nasdaq 100 futures hovered just below the flatline. September's consumer price index rose 0.2% on a monthly basis and 2.4% from a year earlier. The S&P 500 is up 0.5% week to date, while the Dow is toting a 0.2% gain.
Persons: Dow Jones, Preston Caldwell, Wells Organizations: New York Stock Exchange, Stock, Futures, Nasdaq, Dow Jones, Dow, Federal Reserve, Morningstar, JPMorgan Chase Locations: New York City
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