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☆ Wall St Week Ahead Tax-loss selling, 'Santa rally' could sway U.S. stocks after November melt-up
▼ + stars: | 2023-12-02 | by ( David Randall | ) www.reuters.com time to read: +5 min

The key catalyst for stocks will likely continue to be the expected trajectory of the Federal Reserve's monetary policy. In September, historically the weakest month for stocks, the S&P 500 fell nearly 5%. The S&P 500 gained nearly 9% gain in November, historically a strong month for the index. Overall, December has been the second-best month for the S&P 500, with the index up an average of 1.54% for the month since 1945, according to CFRA. Many other names have languished: The equal-weighted S&P 500, whose performance is not skewed by big tech and growth stocks, is up around 6% in 2023.

Persons: Mike Segar, Santa Claus, Stocks, We've, Sam Stovall, Claus, Kraft Heinz, BofA, Sameer Samana, Dow, Michael Hartnett, David Randall, Ira Iosebashvili, Richard Chang Organizations: New York Stock Exchange, REUTERS, Federal, Research, Investors, LPL, BofA Global Research, PayPal Holdings, CVS Health, Kraft, Wells, Investment Institute, Nvidia, Dow Jones, Coinbase Global, Innovation, Thomson Locations: Manhattan, New York City , New York, U.S, Santa, New York

☆ How some of 2023's biggest AI winners have fared a year after ChatGPT's launch
▼ + stars: | 2023-12-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Within two months of ChatGPT's launch, the groundbreaking chatbot amassed 100 million users, wowing investors, consumers and Wall Street with its ability to compose human-like text and hold a conversation. A year later, Wall Street hasn't stopped obsessing over it. Megacap technology stocks also prospered amid the newfound investor focus on AI. MSFT 1Y mountain Microsoft shares over the last year Rounding out the megacap list, both Meta Platforms and Amazon have rallied more than 177% and 51%, respectively. Salesforce shares surged more than 9% during Thursday's session on the back of a stronger-than-expected quarterly print .

Persons: –, hasn't, Alphabet, Mark Zuckerberg, Andy Jassy, Salesforce, Brent Thill, CNBC's, Snowflake's, ChatGPT, Brad Gerstner Organizations: Federal, Nvidia, Devices, Marvell Technology, Microsoft, OpenAI, Meta, Amazon, CNBC, Semiconductor, Oracle, Jefferies, Technologies Locations: Salesforce

☆ Friday, Dec. 1, 2023: Cramer says this beer holding may be an opportunity
▼ + stars: | 2023-12-01 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Friday, Dec. 1, 2023: Cramer says this beer holding may be an opportunityJim and Jeff explain why this Mexican beer position in the Charitable Trust may be an opportunity to buy after Goldman Sachs upgraded the stock to 'Conviction Buy.' Jim also says this megacap tech stock could be a future opportunity amid its price decline. Finally, Jim discusses why he is holding off on making a decision on this retail holding despite it having a good month.

Persons: Cramer, Jim, Jeff, Goldman Sachs

☆ One ETF that focuses on employee happiness is outperforming the market this year
▼ + stars: | 2023-12-01 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Executives don't need to worry about Irrational misrepresenting their company, and participation can open them up to potential inclusion in products such as an ETF, van Adelsberg said. In total, the ETF recently held nearly 150 equities and is benchmarked to the CIBC Human Capital Index. Still, the team noted some challenges in building broader awareness of what human capital is or why it matters. "In this market, what we're seeing is that those companies who have strong human capital ratings are outperforming," van Adelsberg said. "The role that human capital plays in driving future equity performance isn't going down.

Persons: doesn't, Kristof Gleich, –, it's, Gleich, …, Morningstar, HAPI, David van Adelsberg, van Adelsberg, Eli Lilly, Johnson, Berkshire Hathaway, JPMorgan Chase, they've, It's Organizations: Capital Factor, Capital Advisors, Irrational, ETF, Microsoft, Apple, Nvidia, Meta, Morningstar, Mastercard, Berkshire, CIBC Human, JPMorgan, Securities, Exchange

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Market participants now await policy comments from Powell at two separate discussions scheduled for 11 a.m. After recent conflicting remarks from other policymakers, investors are concerned that Powell could push back against the rate cut narrative. Other officials, including Fed Governors Lisa Cook and Chicago Fed President Austan Goolsbee are also scheduled to speak during the day. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Powell, Jerome Powell's, Dow Jones, underscoring, Sophie Lund, Yates, Hargreaves Lansdown, Lisa Cook, Austan Goolsbee, Alibaba, Morgan Stanley, danuglipron, Paula Oyibo, Shristi Achar, Shinjini Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal, Chicago Fed, P Global, ISM, Dow e, Pfizer, Marvell Technology, Automation, Thomson Locations: New York City, U.S, Bengaluru

☆ Dow gains 520 points as US stocks notch their best month this year
▼ + stars: | 2023-11-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

New York CNN —The Dow reached a new high for the year Thursday as easing inflation data and strong third quarter earnings from Salesforce shot the benchmark index 520 points, or 1.5% higher. The S&P 500 rose more than 8% this month and the Nasdaq was up about 10%, marking their best month since July 2022. The Dow, meanwhile, managed to shake off a three-month losing streak, also rising by about 8.8% and notching its best month since October 2022. October’s Personal Consumption Expenditures Index, the Fed’s favored inflation gauge, fell to its lowest level since the spring of 2021. Analysts expect that the stock market’s strong performance will continue through December in a so-called Santa Claus rally.

Persons: Dow, John Williams, it’s, Santa Claus, “, ”, Cory Mitchell Organizations: New, New York CNN, Nasdaq, Nvidia, Meta, of Labor, Federal Reserve, New York Fed, Saudi Press Agency, Analysts Locations: New York, United States, Saudi Arabia, Santa

While the Dow rose to 35,725.11 points, crossing its intraday high of 35,679.13 points hit in August, all three main indexes were on course for their strongest November since 2020. The S&P 500 (.SPX) and the tech-heavy Nasdaq (.IXIC) were also poised for their biggest monthly percentage gain since July 2022, on signs of cooling price pressures. The personal consumption expenditure (PCE) index - the Fed's preferred inflation gauge - showed inflation remained unchanged in October on a monthly basis, against economists' projections of a 0.1% increase. Core inflation, which excludes volatile food and energy prices, rose 0.2% on a monthly basis, in line with estimates. But most megacap stocks edged lower, with Tesla (TSLA.O) down 1.4% and leading declines, keeping the S&P 500 (.SPX) and Nasdaq (.SPX) under pressure.

Persons: Caitlin Ochs, Salesforce, Dow Jones, Dow, Anthony Saglimbene, Mary Daly, John Williams, Jefferies, Shristi Achar, Shinjini Organizations: New York Stock Exchange, REUTERS, Companies, Dow, Nasdaq, Reserve, U.S, Treasury, Fed, San Francisco Fed, Bank of New York, Dow Jones, Inc, NYSE, Thomson Locations: New York City, U.S, Troy , Michigan, Bengaluru

☆ Stocks just had their best month of the year. Why it happened and who led the way
▼ + stars: | 2023-11-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

The S & P 500 entered Thursday up 8.5% in November, on track for its best month since July 2022. .SPX 1M mountain November is shaping up to be the best month of the year for the S & P 500. Through mid-November, when 94% of S & P 500 companies had reported results, third quarter earnings were tracking about 4.3% above the same time last year, according to FactSet. Top stocks Another important change in November is the stocks leading the way. Of the 10 biggest stocks in the S & P 500, five rose at least 10% in November, including the two largest in Apple and Microsoft .

Persons: John Stoltzfus, Oppenheimer, Angelo Kourkafas, Edward Jones, It's, it's, Yung, Yu Ma, That's, Santa Claus, Chris Verrone, — CNBC's Michael Bloom Organizations: Treasury, Federal, PCE, Fed, CNBC, Expedia, Carnival Corp, Generac Holdings, Paramount Global, Insulet Corp, BMO Wealth Management, Apple, Microsoft, Tesla, Energy, OPEC Locations: U.S, Santa

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. Wall Street indexes ended marginally higher on Tuesday after Fed Governor Christopher Waller, deemed a hawk, hinted at lower interest rates in the months ahead if inflation continued to ease. Other similar positive comments sent Treasury yields tumbling, with the yield on the benchmark 10-year note last at an over two-month low of 4.2840%. Fed Governor Michelle Bowman on Tuesday alluded to the possibility of another rate hike. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Christopher Waller, Governor Bowman, Charalampos Pissouros, Michelle Bowman, Thomas Barkin, Shristi Achar, Shinjini Organizations: New York Stock Exchange, REUTERS, General Motors, Dow, Nasdaq, Treasury, Federal Reserve, XM, Nvidia, Richmond Fed, Dow e, CrowdStrike Holdings, Thomson Locations: New York City, U.S, Bengaluru

☆ BMO sees solid US stock gains ahead, S&P 500 ending 2024 at 5,100
▼ + stars: | 2023-11-27 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +2 min

In a market outlook report, BMO Chief Investment Strategist Brian Belski and his team projected the benchmark S&P 500 (.SPX) would end 2024 at 5,100, nearly 12% above Friday's closing level. Investors have various definitions of a bull market, although one common definition requires the S&P 500 to reach a new all-time high to confirm a bull market. Separately on Monday, strategists at Deutsche Bank also forecast the S&P 500 would end 2024 at 5,100. BMO sees S&P 500 earnings rising about 13.6% in 2024, a "significant rebound" from this year. "We also believe that volatility is likely to subside as macro-environment resiliency continues to surprise alongside falling inflation," the BMO strategists said.

Persons: Carlo Allegri, Brian Belski, Lewis Krauskopf, Will Dunham Organizations: REUTERS, BMO Capital Markets, BMO Chief, BMO, Deutsche Bank, Thomson Locations: Manhattan, New York City , New York, U.S

☆ Monday, Nov. 27, 2023: Cramer sells shares of this megacap tech holding
▼ + stars: | 2023-11-27 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Monday, Nov. 27, 2023: Cramer sells shares of this megacap tech holdingJim and Jeff discuss why they're trimming this megacap tech position in the Charitable Trust. Jim also says the selling of this software holding following the company's reporting of its quarterly results is a mistake. Finally, Jim explains why there's nothing wrong with buying one or two shares of this semiconductor company.

Persons: Cramer, Jim, Jeff Organizations: Charitable Trust

☆ Wall St ends mixed in truncated Black Friday trading
▼ + stars: | 2023-11-24 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

The S&P 500 (.SPX) closed nominally higher, while the Dow (.DJI) eked out a modest gain. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. Of the 11 major sectors in the S&P 500, nine ended with gains, led by healthcare (.SPXHC). The S&P 500 posted 23 new 52-week highs and no new lows; the Nasdaq Composite recorded 77 new highs and 51 new lows. Volume on U.S. exchanges was 4.97 billion shares, compared with the 10.49 billion average for the full session over the last 20 trading days.

Persons: Peter Cardillo, Cardillo, Brendan McDermid, decliners, Stephen Culp, Sruthi Shankar, Shristi, Richard Chang Organizations: Nvidia, Vista Outdoor, Colt, Dow, Nasdaq, Spartan Capital Securities, Retailers, U.S, Insider Intelligence, Commerce, New York Stock Exchange, REUTERS, PMI, Dow Jones, Communication, Reuters, Czech, Xpeng, Volkswagen, NYSE, Thomson Locations: China, New York, U.S, New York City, Bengaluru

☆ A lower-cost bet on a year-end rally in Amazon using options
▼ + stars: | 2023-11-24 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +4 min

I'm going to look at a low cost way to bet on a year-end continuation in the comeback in the shares. That $100 million expenditure is on top of the $1 billion per year Amazon (AMZN) is already paying to broadcast 15 or 16 Thursday Night Football games annually until 2033. Amazon revenue for the 12 months ending September 30, 2023 was not too shabby at $554 billion, a 10 percent increase year-over-year. AMZN mountain 2020-12-31 Amazon since 2020 It is also imperative to remember that Amazon has a vast business with multiple categories from e-commerce to cloud computing. DISCLOSURES: (Long the 1x2 vertical spread and AMZN stock) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .

Persons: AMZN Organizations: NFL, Miami Dolphins, New York Jets, Football, New York Yankees, Seattle Storm, League, English Premier League, behemoth, Amazon, Amazon's AWS, Microsoft, Google Locations: Italy, Germany, India

☆ Morning Bid: Markets in a holiday mood
▼ + stars: | 2023-11-22 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +3 min

REUTERS/Brendan McDermid Acquire Licensing RightsNov 23 (Reuters) - A look at the day ahead in Asian markets from Lewis Krauskopf, markets correspondent. Markets were buoyant ahead of Asia trading and the Thanksgiving holiday in the U.S., with stocks resuming their massive rally this month that has been fueled by hopes of a more benign interest rate backdrop. Japanese markets were also set to be closed for a national holiday on Thursday. While speculation that the Bank of Japan could exit from negative interest rates early next year stands to help stabilize the yen, the Japanese currency still faces strong headwinds. Trading volumes were set to be subdued for the rest of the week with markets in the U.S. closed on Thursday.

Persons: Brendan McDermid, Lewis Krauskopf, Josie Kao Organizations: New York Stock Exchange, REUTERS, Nasdaq, Federal, Nvidia, Amazon, Microsoft, Nikkei, Reuters, Bank of Japan, Singapore CPI, Indonesia Central Bank, Thomson Locations: Santa Claus, New York City, U.S, Lewis, Asia, China, Beijing, Singapore

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. However, minutes from the latest Fed meeting on Tuesday showing policymakers' cautious approach towards monetary policy weighed on optimism around the prospects of a rate cut early next year. The three headwinds were higher energy prices, higher Treasury yields and a stronger dollar and for the last three weeks, all of those headwinds now become tailwinds," said Hogan. Advancing issues outnumbered decliners by a 2.31-to-1 ratio on the NYSE and by a 2.24-to-1 ratio on the Nasdaq. The S&P index recorded 34 new 52-week highs and one new low, while the Nasdaq recorded 54 new highs and 40 new lows.

Persons: Brendan McDermid, Art Hogan, Hogan, Sam Altman, Caterpillar, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Deere, Co, Dow, Nasdaq, Federal Reserve, Data, Riley, Traders, Nvidia, Wall, U.S, Investors, OpenAI, Microsoft, Dow Jones, Deere & Co, NYSE, Thomson Locations: New York City, U.S, China

The Nasdaq boasted its highest closing level since July 31 while the S&P 500 registered its highest close since Aug. 1. Its biggest boost came from Microsoft (MSFT.O) shares which touched a record high and ended up 2%. The benchmark S&P 500 (.SPX) ended less than 1% below its 2023 closing peak reached in late July. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. The S&P 500 posted 29 new 52-week highs and one new low; the Nasdaq Composite recorded 78 new highs and 90 new lows.

Persons: Bristol Myers, Satya Nadella, Sam Altman, Greg Brockman, Bruce Zaro, Dow, Brendan McDermid, Germany's Bayer, decliners, Sinéad Carew, Amruta, Maju Samuel, Pooja Desai, Richard Chang Organizations: Microsoft, Bristol, Dow, Nasdaq, Nasdaq's, Nvidia, Apple, Granite Wealth Management, Dow Jones, Federal, New York Stock Exchange, REUTERS, Graphics, Traders, Bristol Myers Squibb, Sunday, Boeing, Deutsche Bank, NYSE, Thomson Locations: Providence , Rhode Island, New York City, U.S, Thursday's U.S, New York

☆ Morning Bid: Catching breath as Nvidia update due
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. The dollar (.DXY) continued to fall, however, with its DXY index down for the fourth day to its lowest since August. Dollar losses were broad based, but China's yuan appeared to lead the way to its strongest level since July 27. In Europe, sterling pushed higher ahead of expected tax cuts at Wednesday's budget speech from UK finance minister Jeremy Hunt. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Sam Altman, OpenAI, hoover, LSEG, Jeremy Hunt, Siena, Christine Lagarde, Isabel Schnabel, Susan Fenton Organizations: New York Stock Exchange, REUTERS, Microsoft, Tech, Nvidia, St, Wall, Treasury, Reserve, Bank of, Monday, Philadelphia Federal, European Central Bank, ECB, Lowes, Autodesk, Devices, Jacobs Solutions Reuters Graphics Reuters, Reuters, Thomson Locations: New York City, U.S, Bank of China, China, St, Europe, Britain, Italy, Chicago, Canada

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. Big Tech stocks, which have powered most of the S&P 500's gains this year, now face an important test, with Nvidia due to report third-quarter results after markets close. Declining issues outnumbered advancers for a 2.33-to-1 ratio on the NYSE and for a 2.04-to-1 ratio on the Nasdaq. The S&P index recorded 19 new 52-week highs and no new low, while the Nasdaq recorded 24 new highs and 36 new lows. Reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Robert Pavlik, Pavlik, Lowe's Cos, advancers, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Big Tech, Nvidia, Dakota Wealth, Traders, Dow Jones, Kohl's, NYSE, Thomson Locations: New York City, U.S, China

☆ Morning Bid: Nvidia takes the stage as equity rally pauses
▼ + stars: | 2023-11-21 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +3 min

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS/File Photo Acquire Licensing RightsNov 22 (Reuters) - A look at the day ahead in Asian markets from Lewis Krauskopf, markets correspondent. A rally in stocks took a breather ahead of Wednesday's session in Asia as U.S. investors mostly shrugged off minutes from the Federal Reserve's latest meeting. Still, major U.S. equity indexes ended lower on the day. Its shares have been one of the Magnificent Seven megacap stocks whose massive gains have propelled equity indexes higher this year, with Nvidia hitting a record high this week ahead of its results.

Persons: Lewis Krauskopf Organizations: NVIDIA, Handout, REUTERS, Federal, U.S, Fed, Nasdaq, Nvidia, Japan's Nikkei, greenback, Thomson, Reuters Locations: Santa Clara , California, Lewis, Asia, U.S, Shanghai, Singapore, Taiwan

☆ Futures drift lower as Nvidia results, Fed minutes loom
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +3 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. Big Tech stocks, which have powered most of the S&P 500's gains this year, now face an important test with Nvidia due to report third-quarter results after markets close. Before the quarterly report, minutes of the Fed's November meeting are likely to offer more cues on the monetary policy path after evidence of slowing inflation boosted expectations that U.S. interest rates had peaked. ET, Dow e-minis were down 51 points, or 0.14%, S&P 500 e-minis were down 4.75 points, or 0.1%, and Nasdaq 100 e-minis were down 4 points, or 0.02%. Among other stocks, U.S.-listed shares of Baidu gained 2% as China's biggest internet search engine provider's third-quarter revenue beat estimates.

Persons: Brendan McDermid, Stuart Cole, Cole, Amruta Khandekar, Ankika Biswas, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Big Tech, Nvidia, Equiti, Traders, Dow e, Baidu, Thomson Locations: New York City, U.S, China

☆ Tuesday, Nov. 21, 2023: Cramer says it's 'too soon' to add shares to this megacap tech position
▼ + stars: | 2023-11-21 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Tuesday, Nov. 21, 2023: Cramer says it's 'too soon' to add shares to this megacap tech positionJim explains why he believes it's not yet the time to buy more shares of this megacap tech position in the Charitable Trust. Jim also discusses why the stock price of this life sciences holding can go higher with the company's acquisition of biotechnology firm Abcam. Finally, Jim says that this department store stock is the one to be interested in for playing the retail trade.

Persons: Cramer, it's, Jim Organizations: Charitable Trust

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. The S&P 500 information technology sub-index (.SPLRCT), up 1.6%, was the top gainer among the S&P 500's 11 major sectors, getting its biggest boost from Microsoft's shares (MSFT.O) which touched a record high and were last up 2%. Microsoft will also take on Greg Brockman, another OpenAI cofounder, as well as other researchers. The benchmark S&P 500 (.SPX) was also closing back in on its year-to-date high reached in July, just a little over 1% below the milestone. The S&P 500 posted 25 new 52-week highs and one new low; the Nasdaq Composite recorded 70 new highs and 78 new lows.

Persons: Brendan McDermid, Bristol Myers, Satya Nadella, Sam Altman, Greg Brockman, Bruce Zaro, Germany's Bayer, decliners, Sinéad Carew, Amruta, Maju Samuel, Pooja Desai, Richard Chang Organizations: New York Stock Exchange, REUTERS, Microsoft, Bristol, Dow, Nasdaq, Apple, Nvidia, Investors, Granite Wealth Management, Dow Jones, Federal, Traders, Graphics, Bristol Myers Squibb, Sunday, Boeing, Deutsche Bank, NYSE, Thomson Locations: New York City, U.S, Providence , Rhode Island, Thursday's U.S, New York

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Microsoft's shares (MSFT.O) advanced 2% before the bell after CEO Satya Nadella said Altman is set to join the company to lead a new advanced AI research team. Other megacap stocks were mixed, with Nvidia (NVDA.O) edging 0.6% higher, while Alphabet (GOOGL.O) slipped 0.8%. The benchmark S&P 500 (.SPX) is now only 2% away from its highest level this year reached in July. ET, Dow e-minis were up 18 points, or 0.05%, S&P 500 e-minis were up 3.5 points, or 0.08%, and Nasdaq 100 e-minis were up 28.25 points, or 0.18%.

Persons: Brendan McDermid, Bristol Myers, Sam Altman, Satya Nadella, Altman, Susannah Streeter, Hargreaves Lansdown, Nvidia, Germany's Bayer, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Microsoft, Bristol, Dow, Nasdaq, Federal Reserve, Nvidia, Fed, Traders, Dow e, Bristol Myers Squibb, Sunday, Thomson Locations: New York City, U.S

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Microsoft's shares (MSFT.O) advanced 1.4%, notching a record high after CEO Satya Nadella said Altman is set to join the company to lead a new advanced AI research team. The Fed is expected to issue minutes of its November meeting on Tuesday, which will be parsed for clues on the direction of U.S. interest rates. Advancing issues outnumbered decliners by a 1.03-to-1 ratio on the NYSE and by a 1.39-to-1 ratio on the Nasdaq. The S&P index recorded eight new 52-week highs and one new low, while the Nasdaq recorded 32 new highs and 24 new lows.

Persons: Brendan McDermid, Bristol Myers, Sam Altman, Satya Nadella, Altman, Ken Polcari, Nvidia, Germany's Bayer, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Microsoft, Bristol, Dow, Nasdaq, Federal Reserve, Kace Capital Advisors, Traders, Dow Jones, Bristol Myers Squibb, Sunday, United Rentals, Ashtead, Boeing, Deutsche Bank, NYSE, Thomson Locations: New York City, U.S

☆ Monday, Nov. 20, 2023: Cramer says this megacap tech holding can continue to rally
▼ + stars: | 2023-11-20 | by ( ) www.cnbc.com time to read: 1 min

Monday, Nov. 20, 2023: Cramer says this megacap tech holding can continue to rallyJim and Jeff discuss why they believe this megacap tech stock can continue to rally after the company's CEO announced that former OpenAI CEO Sam Altman will be joining to lead a new advanced AI research team. Jim also says these two Charitable Trust positions are big winners amid headwinds in China. Finally, Jim previews earnings results for this software portfolio holding.

Persons: Cramer, Jim, Jeff, Sam Altman Locations: China

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