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☆ Raymond James CEO Paul Reilly on Q4 earnings
▼ + stars: | 2023-10-26 | 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 EmailRaymond James CEO Paul Reilly on Q4 earningsRaymond James CEO Paul Reilly joins 'The Exchange' to discuss their latest earnings, the impact of rising interest rates, and more.

Persons: Raymond James, Paul Reilly

The U.S. economy is on a roll, expanding at a 4.9% annual clip in the third quarter, the Bureau of Economic Analysis reported on Thursday. Analysts are looking for the overall index to show prices increased at a 3.4% annual rate and the core index at 3.7%, down from 3.5% and 3.9%, respectively. On Wednesday, Adobe Analytics issued its monthly measure of online prices showing they continue to fall, hitting a 41-month low in September. “Online prices fell for the majority of Adobe’s tracked categories (12 of 18) on an annual basis. On a month-over-month basis, online prices were down 0.6%.”

Persons: ” Joseph Brusuelas, ”, Steve Rick, Raymond James, Eugenio Aleman, “ Organizations: Economic, RSM US, Federal Reserve, TruStage, Labor Department, Adobe Analytics, “ Locations: U.S

☆ Data center firm Equinix trims annual revenue forecast on weak corporate spending
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

The logo of Equinix is pictured at the entrance of a data center in Pantin, outside Paris, France, December 7, 2016. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOct 25 (Reuters) - Data center company Equinix (EQIX.O) trimmed its annual revenue forecast on Wednesday on worries that a tough macroeconomic environment would prompt companies to scale back their plans for cloud-based infrastructure. The Redwood City, California-based company expects annual revenue between $8.17 billion and $8.21 billion, compared with its prior outlook of $8.17 billion to $8.25 billion. Analysts on average expect annual revenue of $8.20 billion, according to LSEG data. For the third quarter, the company posted revenue of $2.06 billion, which was in line with analysts' estimates, according to LSEG data.

Persons: Benoit Tessier, MoffettNathanson, Raymond James, Jaspreet Singh Organizations: REUTERS, Thomson Locations: Pantin, Paris, France, Redwood City , California, Bengaluru

"Short term, if you're visiting a smaller biotech customer, what you're seeing is concerns about when the funding environment is going to improve. On the call, finance chief Stephen Williamson said core revenue growth and adjusted profit in 2024 will be similar to that in 2023. It also forecast 2023 adjusted profit of $21.50 per share, below analysts' estimates of $22.28. The medical equipment maker forecast adjusted earnings of $21.75 per share in 2024, short of analysts' estimates by $2.23. Third-quarter revenue of $10.57 billion missed analysts' expectations of $10.60 billion while adjusted profit of $5.69 per share topped estimates of $5.61, according to LSEG data.

Persons: Brian Snyder, Marc Casper, Stephen Williamson, Raymond James, Andrew Cooper, Bhanvi, Shinjini Ganguli, Shounak Dasgupta, Sriraj Organizations: REUTERS, Agilent Technologies, Reuters, Thomson Locations: Waltham , Massachusetts, U.S, China, Bengaluru

☆ Don't be fooled by strong economic growth. A recession could still be right around the corner.
▼ + stars: | 2023-10-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The investment firm said it wouldn't be a surprise if the economy showed strong growth right before a recession started. "In the last 12 recessions, the quarter before the economy went into a recession, growth was positive and robust." AdvertisementAdvertisementInvestors shouldn't be fooled by strong GDP growth in the next quarter or two, as an economic recession could still be right around the corner. That's based on the fact that prior recessions saw solid economic growth in the quarter right before the recession started, according to data from Raymond James. "In the last 12 recessions, the quarter before the economy went into a recession, growth was positive and robust—registering an average growth rate of 2.6%.

Persons: Raymond James, —, Larry Adam, Raymond James Strong, Adam, he's, Bill Gross, Gross, Wharton, Jeremy Siegel, Siegel Organizations: Service, Atlanta Federal

☆ Stocks making the biggest moves midday: Chevron, Okta, Walgreens, Spirit AeroSystems and more
▼ + stars: | 2023-10-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Chevron — Chevron shares fell 3% after the energy giant agreed to buy Hess in a $53 billion all-stock deal , or $171 per share. Walgreens Boots Alliance — Shares popped 5.4% on Monday after JPMorgan upgraded shares to overweight from neutral and raised its price target. Beauty — Shares added 5% after Raymond James upgraded shares to strong buy from outperform in a Monday note. Spirit AeroSystems — The aerospace company's shares gained 4.8% after Bernstein raised its rating on shares to outperform from market perform. FMC Corp — The insecticide company's shares tumbled 12% after FMC issued third-quarter guidance that's lower than what it originally called for.

Persons: Hess, Okta, Pinterest, Raymond James, Olivia Tong, Tong, Bernstein, Pat Shanahan, EngageSmart, Stonepeak, CNBC's Pia Singh, Samantha Subin, Alex Harring, Sarah Min Organizations: Chevron — Chevron, Chevron, Exxon Mobil, Natural Resources, Citi, Evercore, Stifel, Walgreens, JPMorgan, Vista Equity Partners, Textainer, Clean Holdings, FMC Corp, FMC Locations: Guyana, U.S, America

☆ A recession is about to hit the US economy. Here are 3 warning signs that defy consensus view, according to Raymond James
▼ + stars: | 2023-10-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

A recession is poised to hit the US economy within the next nine months, according to Raymond James. These are the three big warning signs Raymond James is monitoring ahead of a potential recession. These are the three warning signs he is monitoring ahead of a potential recession. Tailwinds that drove strong consumer spending since the pandemic are ending and excess savings have been nearly depleted. All of these risks should ultimately weigh on consumer spending habits as the crucial holiday season approaches.

Persons: Raymond James, Larry Adam, Adam, Brian Moynihan Organizations: Bank of America, Consumers

"When the 10-year yield goes up, it will have a knock-on effect for almost everything," according to Brett House, economics professor at Columbia Business School. There are many factors driving the recent spike in Treasury yields, economists said. Most of the recent jump in Treasury yields is due to a so-called term premium, said Andrew Hunter, deputy chief U.S. economist at Capital Economics. Student loans could get pricierThere is also a correlation between Treasury yields and student loans. The government sets the annual rates on those loans once a year, based on the 10-year Treasury.

Persons: Jerome Powell, Mark Hamrick, Brett House, Andrew Hunter, Hunter, Tony Dwyer, Canaccord Genuity, Freddie Mac, Eugenio Aleman, Raymond James Organizations: Federal, Stock, Fed, Columbia Business School, Treasury, Capital Economics Locations: U.S

☆ Wall Street braces for big tech earnings and key economic data in the week ahead as Treasury yields rise
▼ + stars: | 2023-10-20 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Major earnings reports and economic data will be in focus next week as investors seek clarity on how the Federal Reserve will proceed from here. But next week will bring the lion's share of results including reports from mega-cap darlings Alphabet, Amazon , Meta Platforms and Microsoft . While the S & P 500 is higher by 10% in 2023, the equal-weighted index is down slightly. Of note, Tesla shares sank more than 9% on Thursday following a pessimistic economic outlook from CEO Elon Musk during the company's earnings call. Its the S & P 500's first weekly loss in three weeks.

Persons: bode, Elon Musk, We're, Sam Stovall, it's, Raphael Bostic, Ed Clissold, Ned Davis, Clissold, Katie Stockton, Rob Ginsberg, I'm, CFRA's Stovall, Stovall, Sherwin, Williams, Kimberly, Hess, Raymond James Financial, Keurig Dr Pepper, Northrop, Willis Towers Watson, Stanley Black, Rowe Price Organizations: Federal Reserve, Microsoft, Investors, CFRA, Dow Jones, Treasury, Fed, Atlanta Federal Reserve, Ned, Ned Davis Research, Wolfe Research, Chicago, P, PMI, P Global PMI Manufacturing, P Global PMI Services, Richmond Fed, Visa, Texas Instruments, General Electric, NextEra Energy, Raytheon Technologies, Dow, Inc, General Motors, Halliburton, Coca, Corning, Hilton Worldwide, General Dynamics, Dominion Freight, Mobile US, Boeing, Raymond, Technology, Whirlpool, International Business Machines, O'Reilly, Honeywell, Northrop Grumman, Mastercard, Amazon, Royal Caribbean Group, Tractor Supply, United Parcel Service, Hasbro, Southwest Airlines, Comcast, Hershey, Intel, L3Harris Technologies, Ford Motor, Energy, Chevron, Decker, Exxon Mobil, Colgate, Palmolive Locations: U.S, Atlanta, AbbVie

☆ Why the housing market is going from tough to terrible
▼ + stars: | 2023-10-20 | by ( Anna Bahney | ) edition.cnn.com time to read: +4 min

The current housing market offers a crushing affordability picture for would-be-homebuyers and is keeping many out of the market. The monthly payment on an average-priced home now requires 40% of the median household income, making housing the least affordable it’s been since 1984, according to ICE. “Longer term Treasury yields — which mortgage rates tend to follow — depend on expected economic growth and inflation expectations,” said Orphe Divounguy, senior economist at Zillow. The median household income was $74,580 in 2022, according to the US Census Bureau. “Good news in the economy causes rates to stay higher for longer — but the longer rates are higher, the more likely something in the market goes ‘boom.’”

Persons: Freddie Mac, ”, Andy Walden, ” Walden, Orphe Divounguy, Nicole Bachaud, Bachaud, John Toohig, Raymond James, ” Toohig, “ Organizations: DC CNN —, ICE Mortgage Technology, Black, ICE, “, Zillow, Census Bureau Locations: Washington

"When the 10-year yield goes up, it will have a knock-on effect for almost everything," according to Columbia Business School economics professor Brett House. Why Treasury yields have jumpedA bond's yield is the total annual return investors get from bond payments. There are many factors driving the recent spike in Treasury yields, economists said. Student loans could get pricierThere is also a correlation between Treasury yields and student loans. The government sets the annual rates on those loans once a year, based on the 10-year Treasury.

Persons: Jerome Powell, Mark Hamrick, Brett House, Andrew Hunter, Hunter, Freddie Mac, Eugenio Aleman, Raymond James Organizations: Treasury, Columbia Business School, Fed, Capital Economics Locations: U.S

☆ Here are Friday's biggest analyst calls: Nvida, Amazon, SolarEdge, Sunrun, IBM, Crocs, Meta, Disney & more
▼ + stars: | 2023-10-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Meta as buy Bank of America said it's bullish heading into earnings next week. UBS upgrades Merck to buy from neutral UBS said Merck has an "undemanding" valuation and robust pipeline. UBS reiterates Ralph Lauren as buy UBS said the stock is best positioned for AI. UBS reiterates McDonald's as buy UBS said the stock remains attractively valued. Bank of America reiterates IBM as buy Bank of America said it's standing by its buy rating heading into earnings next week.

Persons: JPMorgan, Jefferies, Goldman Sachs, Goldman, it's, Merck, Stephens, Ralph Lauren, McDonald's, Cognizant, TSMC, Deutsch, Redburn, Raymond James Organizations: JPMorgan, Nvidia, Disney, Bank of America, Meta, UBS, Merck, Deutsche Bank, Union Pacific, Deutsche, IBM, Citi, Taiwan Semiconductor, Management, Deutsche Bank downgrades, Microsoft, Brands, Mattel, Disney Princess, of America Locations: China

☆ What new U.S. export controls on China mean for Nvidia and other key parts of AI ecosystem
▼ + stars: | 2023-10-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Washington's tightened grip on artificial intelligence chip sales to China could have long-term implications for Nvidia , 2023's famed AI darling. Through Wednesday's close, Nvidia, the dominant AI player, had lost 7% this week, while Advanced Micro Devices and Marvell Technology slumped more than 2%. What it means for Nvidia Nvidia said in an SEC filing this week that the latest government curbs could hinder its new product development timeline, and a handful of chip models. The major aim of the latest U.S. restrictions is to prevent China from harnessing advanced semiconductor chips to strengthen its military. To be sure, Nvidia isn't the only company slated to feel the pressure from the latest export curbs.

Persons: Greg Bassuk, Atif Malik, Morgan Stanley's Joseph Moore, Malik, America's Vivek Arya, Harlan Sur, Goldman Sachs, Toshiya Hari, Paul Meeks, Meeks, Charles Shi, JPMorgan's, Raymond James, Srini Pajjuri, Michael Bloom Organizations: Nvidia, U.S . Commerce Department, Devices, Marvell Technology, Commerce Department, Micron Technology, AXS Investments, Nvidia Nvidia, SEC, United, United Arab Emirates, Citi, Intel, Investments, Bank, America's, JPMorgan Chase, Lam Locations: China, Boise , Idaho, Vietnam, Saudi Arabia, United Arab, Freemont , California

☆ Here are Wednesday's biggest analyst calls: Nvidia, Microsoft, Apple, Amazon, Arm, Meta, Ulta & more
▼ + stars: | 2023-10-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

KeyBanc initiates Arm Holdings as overweight Key said it sees "meaningful market share gains" for Arm. " Bank of America reiterates Microsoft as buy Bank of America said Microsoft remains a top pick heading into earnings next week. Deutsche Bank reiterates Ulta as buy Deutsche said despite softening beauty sales, Ulta remains "compelling." "After tripling its market share in China in the last decade, NetEase is emerging as a global video games content powerhouse by forming synergistic partnerships with gaming industry veterans globally that will likely drive a similar runway for its global market share." "As we had anticipated (although we thought it would come in January), ASML reset expectations for CY24 to flat revenue growth vs prior guide of 'growth.'"

Persons: Wedbush, Key, IoT, Raymond James, Brinker, FWRG, Jefferies, Ulta, Morgan Stanley, NetEase, Redburn, Guggenheim, Doug McMillon, Bank of America downgrades Sherwin, Williams, Sherwin, Ecolab, McDonald's Organizations: UBS, Apple, Citi, Nvidia, NVIDIA, Holdings, ARM, JPMorgan, Bank of America, Microsoft, Jefferies, Deutsche Bank, Deutsche, Avis Deutsche, Walmart, of America Locations: China, Europe, Japan, Dutch, ESTC, Brazil, underperform

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Dollar Tree, Amazon, Alphabet, Toll Brothers and more
▼ + stars: | 2023-10-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Wells Fargo upgrades Air Products to overweight from equal weight Wells Fargo said it sees robust earnings growth. JPMorgan reiterates Alphabet as overweight JPMorgan said it's standing by its overweight rating heading into earnings next week. " JPMorgan upgrades Viasat to overweight from neutral JPMorgan said it sees an attractive entry point for the satellite company. " JPMorgan upgrades CyberArk to overweight from neutral JPMorgan said it sees "accelerating demand" for the cyber company. JPMorgan initiates Teck Resources as overweight JPMorgan said the metals and mining company is its preferred play. "

Persons: Wells Fargo, GOOGL, Wells, Horton, Stifel, Raymond James, Lam, Tesla, MBLY, Goldman Sachs, Bernstein, Morgan Stanley, Hannon, JPMorgan Organizations: Air Products, JPMorgan, Homebuilding, MAS, FERG, UW, Lam Research, Materials, Microsoft, Viasat, Citi, Exxon Mobil, Hannon Armstrong Sustainable Infrastructure Capital, Bank of America, Apple, of America, Pro, Teck Resources Locations: Wells, LEN, China, HASI

☆ How to Prepare Every Part of Your Life for a Recession
▼ + stars: | 2023-10-16 | by ( Tanza Loudenback | ) www.wsj.com time to read: +13 min

But a recession brings other threats too, like the potential for major stock market swings that can derail financial goals. As soon as the line begins to tick upward again, the economy exits a recession and enters an expansion. Are we in a recession or is a recession coming? How to preparePreparing your finances for a recession isn’t all that different from practicing good money habits in your daily life. You’ll likely have to make some real-time adjustments to meet short-term goals while enduring a recession, McCoy says.

Persons: Loudenback, it’s, ”, Ross Hamilton, Raymond James, you’ve, Hamilton, aren’t, “ You’ve, Eric Roberge, ” Roberge, Megan McCoy, “, ’ ”, McCoy, You’ll, ” Hamilton, you’re, “ There’s, there’s, ” McCoy, Roberge, ‘ I’ve Organizations: Wall Street, National Bureau of Economic Research, Kansas State University Locations: U.S, Bethesda, Md, Boston, Hamilton

☆ Stocks making the biggest moves midday: Lululemon, Pfizer, News Corp, Charles Schwab and more
▼ + stars: | 2023-10-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Pfizer — Shares rallied 3.61% following an upgrade by Jeffries to buy from hold. The firm sees an attractive buying opportunity after Pfizer cut its full-year guidance last week on slumping vaccine sales. Alignment Healthcare — Shares soared 17.22% after being upgraded to strong buy from outperform by Raymond James. Tal Education — The education technology stock popped 6.73% after UBS upgraded shares to a buy rating, citing an attractive valuation and tailwinds from Tal Education's nonacademic tutoring business. Greenbrier — Shares of the transportation services company gained 3.81% Monday morning after Susquehanna upgraded the stock to a positive rating.

Persons: Dow, Lululemon, Jeffries, Novavax, Raymond James, Morgan Stanley, Jim Ratcliffe, Sheikh Jassim bin Hamad al Thani, Glazer, Tal Education's, Charles Schwab —, Schwab, Albemarle —, Albemarle, Bascome, Henry Schein —, Yun Li, Fred Imbert, Hakyung Kim, Samantha Subin, Alex Harring, Pia Singh, Lisa Han Organizations: Dow Jones Indices, Activision, Microsoft, Pfizer —, Pfizer, Moderna, News Corp, Reuters, Street, Street Journal, Systems, Manchester United, Tal Education, UBS, Liontown, Greenbrier —, Susquehanna Locations: BioNTech, Greenbrier

☆ A Fed rate hike in November will hurt in the real world, advisor says
▼ + stars: | 2023-10-13 | 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 EmailA Fed rate hike in November will hurt in the real world, advisor saysSunaina Sinha Haldea, global head of private capital advisory at Raymond James, discusses the priced-in Fed rate hike for November and how markets are set to move in the coming months.

Persons: Sunaina Sinha Haldea, Raymond James

☆ Exxon-Pioneer deal is 'one for the record books,' says wealth management firm
▼ + stars: | 2023-10-12 | 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 EmailExxon-Pioneer deal is 'one for the record books,' says wealth management firmPavel Molchanov, managing director at wealth management firm Raymond James, says the $60 billion Exxon-Pioneer deal is the largest oil and gas merger since a decade ago.

Persons: Pavel Molchanov, Raymond James Organizations: Exxon, Pioneer

LONDON/FRANKFURT, Oct 12(Reuters) - Brooks Macdonald (BRK.L) is working with a defence adviser on its strategy amid takeover interest, three people familiar with the matter told Reuters. Raymond James has had a longer-term mandate for financial advice which recently developed into defence strategy, one of the people said. Brooks Macdonald and Raymond James declined to comment. Shares in Brooks Macdonald have dipped since peaking in late 2021 as market conditions soured. Britain's fragmented wealth management industry has seen increased consolidation in recent years driven by both private equity and strategic players.

Persons: Brooks Macdonald, Raymond James, Charles Stanley, Brewin, Andrew Shepherd, Pablo Mayo Cerqueiro, Victoria Farr, Amy, Jo Crowley, Anousha Sakoui, Kirsten Donovan Organizations: Reuters, Thomson Locations: FRANKFURT, British, London, Emma

☆ Stocks making the biggest moves midday: Novo Nordisk, DaVita, Exxon Mobil, Amgen and more
▼ + stars: | 2023-10-11 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Novo Nordisk — The Danish drugmaker stock added 5.5% after saying late Tuesday it was halting Ozempic's kidney disease treatment trial after a committee said an analysis showed signs of success. DaVita , Fresenius Medical Care , Baxter International — Shares of dialysis services providers DaVita and Fresenius Medical Care sank 18.4% and 19.6%, respectively, on Novo Nordisk's news. Exxon Mobil , Pioneer Natural Resources — Exxon Mobil shares fell more than 4% after the largest U.S. oil and gas producer agreed to buy shale rival Pioneer Natural Resources for $59.5 billion in an all-stock deal, or $253 per share. Amgen — The biopharma stock added 3.5% following an upgrade from Leerink to outperform. On Wednesday, B. Riley upgraded shares to buy from neutral, saying Coherent's silicon carbide business could be worth more than the Street's current estimate.

Persons: Eli Lilly, Bruce Broussard, Jim Rechtin, Amgen, David Risinger, Goldman Sachs, Jeffrey Brown, Tim Wentworth, Riley, Raymond James, — CNBC's Michael Bloom, Hakyung Kim, Yun Li, Lisa Han Organizations: Novo Nordisk, Novo Nordisk —, Baxter, Fresenius, Novo Nordisk's, Baxter International, Exxon Mobil, Natural Resources, Exxon, Exxon's, Mobil, Healthcare, Goldman, Walgreens, Alliance Locations: Danish, Novo

☆ Here are Wednesday's biggest analyst calls: Nvidia, Boeing, SoFi, Netflix, Apple, Cava, Walmart and more
▼ + stars: | 2023-10-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Wednesday's biggest calls on Wall Street on Wednesday: Goldman Sachs upgrades Shoals to buy from neutral Goldman Sachs said the solar company is very attractive. Morgan Stanley upgrades Cava to overweight from neutral Morgan Stanley said it's gaining confidence in the restaurant chain. JPMorgan upgrades CSX to overweight from neutral JPMorgan said rail concerns have already played out. JPMorgan upgrades Iris Energy to overweight from neutral JPMorgan said the bitcoin mining company is "best-in-class." JPMorgan initiates CleanSpark as overweight JPMorgan said the bitcoin miner offers "relative value."

Persons: Goldman Sachs, Wells, Wells Fargo, TD Cowen, Cowen, Stephens, Raymond James, it's bullish, Morgan Stanley, Cava, it's, UBS downgrades Morgan Stanley, Oppenheimer, Needham, Robinhood, MAUs, Truist, Piper Sandler, JPMorgan, Mizuho, SoFi, SOFI, Leerink, Apple Organizations: Netflix, JPMorgan, CSX, Nvidia, Iris Energy, Energy, UBS, Boeing, Oppenheimer downgrades Texas, Texas, Qs, Logistics, Amazon, Arista Networks, Barclays, Ball Corporation, Apple, Walmart, Deutsche Bank, Cboe Locations: CAVA, OW, U.S, China, ANET, SoFi

☆ A recession may still be in the forecast, experts say. Here's how to make sure you're prepared
▼ + stars: | 2023-10-11 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

Jamie Kelter Davis | Bloomberg | Getty ImagesA recession has been in the forecast for much of 2023. "A recession is obviously going to happen at some point," said Jack Manley, global market strategist at JPMorgan Asset Management. Those factors may prompt the Federal Reserve to keep interest rates higher for longer, Aleman said. Experts say the key is to automate your savings so you do not even see the money in your paycheck. Another advantage to saving now: Rising interest rates mean the potential returns on that money are the highest they have been in 15 years.

Persons: Jamie Kelter Davis, Jack Manley, —, Eugenio Aleman, Raymond James, Aleman, Manley, Barry Glassman, CNBC.com, Glassman, Mark Hamrick, Matt Schulz, Schulz Organizations: Bloomberg, Getty, Asset Management, National Association for Business Economics, Finance, Federal Reserve, Wealth Services, CNBC's, Bankrate Locations: Chicago

☆ Government shutdown odds diminish if Scalise becomes speaker, says Raymond James' Ed Mills
▼ + stars: | 2023-10-11 | 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 EmailGovernment shutdown odds diminish if Scalise becomes speaker, says Raymond James' Ed MillsEd Mills, Raymond James Washington policy analyst, joins 'The Exchange' to discuss the latest Republican nomination for House Speaker, voter division among House Republicans, and the likelihood of a third candidate coming forward.

Persons: Raymond James, Ed Mills Ed Mills, Raymond James Washington Organizations: House Republicans

☆ Stocks making the biggest moves premarket: Plug Power, Exxon Mobil, Pioneer, Novo Nordisk and more
▼ + stars: | 2023-10-11 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Plug Power — The battery stock added nearly 6% after the company projected a sharp rise in revenue by 2027 to roughly $6 billion, according to a regulatory filing. DaVita , Novo Nordisk — Shares of the dialysis services provider sank 15% on the news of Ozempic's effectiveness in Novo Nordisk's kidney disease treatment study. Exxon Mobil, Pioneer Natural Resources – Shares of Exxon Mobil were lower by more than 1% premarket after the company agreed to buy Pioneer for nearly $60 billion, or $253 per share, in an all-stock merger. Meanwhile, Pioneer shares rose 2.5%. CSX — Shares added nearly 2% after an upgrade to overweight from JPMorgan.

Persons: Michael Feniger, Raymond James, Humana, Bruce Broussard, Sherwin, Williams, Heidi G, Petz, David Risinger, Macheel, Pia Singh, Michelle Fox Organizations: Mobil, Bank of America, Novo Nordisk —, Novo Nordisk, Exxon Mobil, Natural, Exxon, CSX, JPMorgan, Leerink Partners Locations: Los Angeles , California, Novo

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