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☆ Bitcoin rockets to an all-time high above $69,000, surpassing 2021 record
▼ + stars: | 2024-03-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

"Bitcoin reclaiming its all-time high yet again shows it is never going away," said Alex Thorn, head of research at Galaxy Digital. Catalysts driving the surge in the cryptocurrency include the U.S. spot bitcoin ETFs that started trading earlier this year, along with the tightening bitcoin supply ahead of the late April "halving." "The odds have always been against bitcoin," Thorn said, citing naysayers who have referred to it as "a bubble" and compared it to the "tulip mania" in Holland during the 1600s. "Retail interest is oftentimes momentum driven, and all-time high levels are a pivotal momentum driver for even more investment," he told CNBC. Nevertheless, U.S. spot bitcoin ETFs have brought legitimacy to it and been hugely popular, with BlackRock's iShares Bitcoin Trust (IBIT) passing $10 billion in assets under management last week.

Persons: Jaap Arriens, FTX, crypto's Lehman, Alex Thorn, bitcoin, Clara Medalie, Thorn, naysayers, Needham, John Todaro, Crypto, BlackRock's Organizations: NurPhoto, Getty, Metrics, Galaxy, CNBC, Securities and Exchange Commission Locations: U.S, Holland

☆ This Goldman portfolio of lean and mean stocks has trounced the market the last 2 decades
▼ + stars: | 2024-03-04 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Semiconductor giant Nvidia has an asset intensity ratio of just 0.5, according to Goldman. NVDA 1Y mountain Nvidia shares over the last year Another chipmaker in the basket is Broadcom . Match Group has a 0.3 asset intensity ratio. The company has an asset intensity ratio of 0.4. All but two of the 19 analysts who cover Live Nation rate it a strong buy or buy, per LSEG.

Persons: Goldman Sachs, Goldman, Jenny Ma, Ma, LSEG, — CNBC's Michael Bloom Organizations: Semiconductor, Nvidia, Broadcom, chipmakers Micron Technology, Intel, Telecommunication, Verizon, Mobile

☆ Small caps will get a tailwind from market broadening, says UBS' Jason Draho
▼ + stars: | 2024-03-04 | 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 EmailSmall caps will get a tailwind from market broadening, says UBS' Jason DrahoMarc Pinto, Janus Henderson Investors head of Americas equities, and Jason Draho, UBS Global Wealth Management head of asset allocation Americas, join 'Closing Bell Overtime' to talk the day's market action.

Persons: Jason Draho Marc Pinto, Janus Henderson, Jason Draho Organizations: UBS, Janus Henderson Investors, UBS Global Wealth Management

☆ The 3 states where 'Big Short' investor Kyle Bass is buying real estate to capitalize on migration trends
▼ + stars: | 2024-03-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Kyle Bass is investing in Texas, Florida, and Tennessee, he said in a recent interview with the Investor's Podcast Network. These states should benefit from migration to lower-cost states, a trend that's already happening. Bass has been buying rural land to capitalize on demand for environmental credits. By then, the price-per-acre of rural land had appreciated 123% over the decade, the outlet cited. "When I think about gold versus rural land again, I have the population demographic in my tailwind," he said in 2022.

Persons: Kyle Bass, Bass, he's, isn't Bass Organizations: Service, Bloomberg, Hayman Capital, Equity Management Locations: Texas , Florida, Tennessee, Florida , Tennessee, Texas, West Coast, California, New York, China

☆ Why Warren Buffett thinks the power of compound interest is the key to his success
▼ + stars: | 2024-03-03 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett believes successful investing is like rolling a little snowball down a very long hill — the longer the hill, the bigger the snowball. The key is the power of compound interest , something Buffett often credits as the driving force behind his unmatched investment legacy. Compound interest describes the ability to earn not only interest on the principle but also reinvested interest on the interest. "The trick is to have a very long hill, which means either starting very young or living ... to be very old." For example, $10,000 with compound interest of 10% annually is worth almost $175,000 in 30 years, more than $450,000 in 40 years and $1.17 million in 50 years.

Persons: Warren Buffett, Buffett, Berkshire Hathaway Organizations: Oracle, Cities Service, Berkshire, BNSF Railway, Burlington Northern, Apple Locations: Omaha, Burlington Northern Santa Fe

☆ 10 reasons the Fed won't cut rates in 2024, according to a chief economist
▼ + stars: | 2024-03-01 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

Apollo chief economist Torsten Slok laid out 10 reasons the Fed won't cut rates in 2024. AdvertisementAdd Apollo chief economist Torsten Slok to the growing chorus of people skeptical the US will see a rate cut this year. "As a result, the Fed will not cut rates this year, and rates are going to stay higher for longer." Underlying inflation trends are moving higher, not coolingBLS, Cleveland Fed, Atlanta Fed, Haver Analytics, Apollo Chief Economist3. RB of Atlanta, NFIB, Haver Analytics, Apollo Chief Economist.

Persons: Torsten Slok, Slok, —, Jerome Powell Organizations: Service, Bloomberg, Apollo, Cleveland Fed, Atlanta Fed, BEA, Haver, RB Locations: Atlanta, NFIB

☆ Apollo Global says the Fed won't cut rates this year because inflation is moving higher again
▼ + stars: | 2024-03-01 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Some measures of inflation are trending higher, Apollo's Torsten Slok said in a note to clients. The upshot is, "the Fed will not cut rates this year and rates are going to stay higher for longer." Slok cited a host of data showing underlying measures of trend inflation moving higher or set to do so, mentioning the Fed-preferred "supercore" basket of goods and services. He also noted evidence of higher prices paid in both manufacturing and the service data as further evidence of storm clouds gathering. In this environment, Slok said the Fed will need most of the year to continue batting down inflation.

Persons: Apollo's Torsten Slok, Slok Organizations: Federal Reserve, Apollo Global Management, Deutsche Bank Locations: U.S

☆ There's been a rebound in volatile shipping stocks. The market opportunity isn't over, report says
▼ + stars: | 2024-03-01 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

During 2022-2023, ocean carriers used some of those reserves for their own buying sprees to expand their footprints. While adding to the ocean carrier bunker fuel costs, they are being compensated.. "The Red Sea diversions are a good thing for ocean carriers. The big question mark is the duration of the diversions and the surcharges the ocean carriers can charge. Those two regions have steadily taken market share away from the West Coast ports, with shippers also benefitting from investments in ports infrastructure. "The West Coast ports have strengthened infrastructure," Iampieri said.

Persons: Marc Iampieri, Cash, Iampieri, Jeff Bezos, It's, Paul Brashier, Brashier, AlixPartners Organizations: Bloomberg, Getty, Dow Jones Transportation, Fortune, Convoy, Amazon, Technology, Ocean, Maersk, CNBC, ITS Logistics Locations: Panama, Red, East Coast, AlixPartners, Flexport, Europe, North America, Asia, West Coast, East, Gulf, Mexico, West, Los Angeles, Long

☆ Here are Thursday's biggest analyst calls: Tesla, Apple, Microsoft, Delta, Disney, Snowflake, Okta, Salesforce & more
▼ + stars: | 2024-02-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Goldman Sachs reiterates Salesforce as buy Goldman said it's standing by its buy rating following the company's robust earnings report on Wednesday. "Multiple high-profile catalysts should double revs by FY28 & support an Outperform rating with a $54 PT." "We initiate coverage of Gates Industrial (GTES) with a Buy rating and $21 price target. The more aggressive stance follows a near week long sell-off in COLD shares following 4Q results and initial 2024 guidance." Goldman Sachs reiterates Microsoft as buy Goldman said it's standing by its buy rating after a meeting with Microsoft investor relations.

Persons: Jefferies, Roth, Roth MKM, Morgan Stanley downgrades Snowflake, Morgan Stanley, Goldman Sachs, Salesforce, Goldman, it's, TD Cowen downgrades Macy's, Telsey, TD Cowen, Wells, Needham, " Jefferies, Tesla, Coupang, Baird, Cantor Fitzgerald, Cantor, Gates, Piper Sandler, Piper, Raymond James, William Blair, Gordon Haskett downgrades, Haskett, Frank Slootman's Organizations: Jefferies, Barrick Gold, NEM, UBS, Apple, Mar, Bitdeer Technologies, BTC, Citi, United Airlines, Delta, Delta Air Lines Inc, DAL, Deere & Company, American Airlines Citi, Catalyst Watch, Reliance, Star India, JV, UBS downgrades Republic Services, Downside, RBC, Xenia Hotels, Resorts, Deutsche Bank, Deutsche, Products, Gates, NTR, LXU, UW, Bank of America, underperform Bank of America, Realty Trust, Fidelity, Korn, Microsoft, Macquarie Locations: U.S, China, American's, DIS's, Xenia, Federal, Korea

☆ Cramer gives the portfolio's core holdings a makeover — 4 are booted, 6 are added including a trio of tech giants
▼ + stars: | 2024-02-28 | by ( Morgan Chittum | ) www.cnbc.com time to read: +12 min

COST 5Y mountain Costco's stock performance over the past five years. DHR 5Y mountain Danaher's stock performance over the past five years. ETN 5Y mountain Eaton Corp.'s stock performance over the past five years. "The megatrends are real serious, and [Eaton] is a real serious company," Jim said. TJX 5Y mountain TJX Companies' stock performance over the past five years.

Persons: Jim Cramer, Jeff Marks, Morgan Stanley, Wall, Beijing's, Jim, Eaton, Linde, Lilly's, Eli Lilly, We've, Zepbound, Mark Zuckerberg's, Mark Zuckerberg, OpenAI, Copilot, management's, Nvidia, TJ Maxx, TikTok, Gen Zers, TJX, Jim Cramer's, Satya Narayana Nadella, Lucas Jackson Organizations: GE Healthcare, Meta, Microsoft, Johnson, Natural Resources, Starbucks, Apple, Apple Music, Services, Amazon, Amazon Web Services, Prime, Costco, Danaher, Eaton Corp, Investors, GE, LIN, Novo Nordisk's Wegovy, Novo Nordisk, Management, Nvidia, TJX Companies, Marshalls, CNBC Locations: Eaton, China, Manhattan, New York City

☆ More transparency in pharmaceuticals will be a tailwind for the space, says BMO's Evan Seigerman
▼ + stars: | 2024-02-27 | 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 EmailMore transparency in pharmaceuticals will be a tailwind for the space, says BMO's Evan SeigermanEvan Seigerman, BMO biotech analyst, joins 'Power Lunch' to discuss the health care ecosystems in pharmaceuticals.

Persons: BMO's Evan Seigerman Evan Seigerman Organizations: BMO

☆ These 5 fundamentally sound AI stocks are best-positioned for the next 5-10 years with the industry still in its early stages, according to a portfolio manager at a $20 billion firm
▼ + stars: | 2024-02-27 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

But don't confuse Osmani's overall optimism on the AI space for blanket bullishness on AI-adjacent stocks. Many AI stocks, in fact, are detached from fundamentals and are risky, he told Business Insider on Monday. As evidence of this, he cited the performance of a basket of 50 AI stocks his firm monitors. "We like companies that can monetize AI already, which, in effect, these companies are recipients of the sizable spend going on in AI — spend from the hyperscalers, spend from the corporates," he said. Below are five AI stocks that Osmani is betting on for the years to come.

Persons: Zehrid, Martin Currie, Osmani, —, he's bullish Organizations: Business, Microsoft, Google, OpenAI, Design Systems Locations: Scotland

☆ 3 pieces of investment advice from Warren Buffett's annual letter to Berkshire Hathaway shareholders
▼ + stars: | 2024-02-26 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWarren Buffett on Saturday released his annual letter to Berkshire Hathaway shareholders, offering subtle investment advice to readers who may be looking to grow their wealth the way the centibillionaire has. When you find a truly wonderful business, stick with it," Buffett writes. "Patience pays, and one wonderful business can offset the many mediocre decisions that are inevitable." Advertisement"One investment rule at Berkshire has not and will not change: Never risk permanent loss of capital.

Persons: —, Warren Buffett, Buffett, lauding, Bertie, Berkshire Hathaway, Coke, Patience Organizations: Service, Berkshire Hathaway, Business, Street Journal, Express, Berkshire, American Express Locations: Berkshire

☆ A passenger plane exceeded 800 mph due to strong winds — 200 mph faster than usual. Experts say passengers had nothing to worry about.
▼ + stars: | 2024-02-23 | by ( Monica Humphries | ) www.businessinsider.com time to read: +3 min

The speeds — Virgin's plane reached 802 mph and United at 838 mph — are some of the fastest speeds recorded in recent years. According to the National Weather Service in the DC area, winds reached speeds of 265 mph. AdvertisementThe challenges come when the plane needs to leave the jet stream, Bangs said. On turbulent flights, passengers might notice the plane's wings bending and flexing, and that's on purpose, Bangs told BI. Ultimately, Bangs said, "if that 260 mph jet stream is acting as a tailwind on your flight, it's a lot of fun."

Persons: —, Kathleen Bangs, Domenic, Bangs, LaFauci Organizations: Service, Boeing, Virgin Airlines, United Airlines, National Weather Service, NPR, Business, Getty, Southern New Hampshire University, Airline

☆ This industrial stock keeps hitting record highs — what's behind the rally and what's next
▼ + stars: | 2024-02-23 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

It's been a great month for Eaton stock. The power management company notched a series of record highs during a lengthy post-earnings rally that saw shares surge 17% in February. They include infrastructure spending, further artificial intelligence adoption necessitating the construction of more data centers, the acceleration of the transition to clean energy, and the rise of nearshoring and onshoring. The semiconductor giant's results highlighted strength and demand for data centers — a big part of Eaton's overall business and sales. AI data centers require lots more electrical components, which will likely show up on Eaton's order book down the line.

Persons: It's, what's, Eaton, Joe Biden's, Jim Cramer's, Jim Cramer, Jim, Brendan McDermid Organizations: Eaton, Infrastructure Investment, Jobs, Nvidia, CNBC, Traders, New York Stock Exchange Locations: Eaton

☆ Here's how to play Japan stocks, finally hitting a new high after 34 long years
▼ + stars: | 2024-02-22 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

Japan's Nikkei 225 index , a price-weighted index of 225 Japanese stocks, has also hit an historic high. A few months before that, on December 29, 1989, Japan's Nikkei 225 Index hit an historic high that stood until this week. That's about the amount the U.S. stock market dropped at the start of the Great Depression, from 1929 to 1932. .N225 5Y mountain Nikkei 225 Index in past five years. The Japanese stock market took 20 years.

Persons: it's, Japan's, Minoru Isutani, Arnold Palmer, Richard Ferris, Peter Ueberroth, Clint Eastwood, Nori, Bart Wakabayashi Organizations: Nikkei, CNBC, Japan's Nikkei, Mitsubishi, Rockefeller Center, Lone Cypress Company, Sumitomo Bank, Taiheiyo, Lone Cypress, Toyota, Honda, Sony, Hitachi, Nintendo, Sumitomo Mitsui, Japan Hedged Equity, Dow Jones, Tokyo Stock Exchange, Retailing, Softbank, Vision Fund, Foreign, Bank of Japan, White Oak Capital, Reuters Locations: Tokyo, New York, Japanese, California, Japan, U.S, Singapore

☆ Stock futures are little changed after S&P 500, Nasdaq notch best day in more than a year: Live updates
▼ + stars: | 2024-02-22 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Stock futures were little changed on Thursday evening, after the S&P 500 and the Nasdaq Composite posted their best day since early 2023. S&P 500 futures inched up by 0.02%, while Nasdaq 100 futures slipped 0.04%. The S&P 500 added 2.11% for its best day since January 2023, while the Nasdaq Composite popped 2.96% for its best session since February 2023. Indeed, 10 of the 11 S&P sectors were positive Thursday, with utilities being the sole loser. All three major averages are also now on track for winning weeks: The S&P 500 is pacing for a 1.6% advance, while the Nasdaq has gained 1.7%.

Persons: Block, Carvana, Larry Tentarelli, Dow, Chris Hayes Organizations: Nasdaq, Dow Jones, Wall, Nvidia, Dow, Blockbuster, Blue, Warner Bros Discovery

☆ Amazon is getting added to the Dow. What it means for the market benchmark
▼ + stars: | 2024-02-21 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The Dow is adding Amazon, while removing Walgreens Boots Alliance. With the change, S & P Dow Jones Indices senior index analyst Howard Silverblatt said the Dow could rally all the way to 42,865. The effect on incoming and outgoing members of the Dow is less clear. According to past data from Ned Davis Research, stocks that leave the Dow have historically outperformed incoming members. Since 1972, outgoing members have averaged a 12-month gain of nearly 17.5%, while new members have averaged a 10% gain in their first year.

Persons: Dow, Howard Silverblatt, Silverblatt, Ned Davis Organizations: Dow Jones, Walgreens, Alliance, Walmart, Walgreens Boots Alliance, Dow, Ned Davis Research

☆ JPMorgan says buy this immunology stock primed to rally nearly 40%
▼ + stars: | 2024-02-20 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Immunovant could emerge as a key player in the autoimmune space, according to JPMorgan. The bank initiated coverage of the biotech stock at an overweight rating, also setting a price target of $51. That implies that shares of Immunovant could rally more than 37% from their Friday closing price of $37.13. Immunovant stock has slid 9% so far this quarter. IMVT YTD mountain IMVT YTD chart As a key catalyst, the analyst underscored Immunovant's stats as one of the key players using anti-neonatal Fc receptor technology, or anti-FcRn technology, to treat autoimmune diseases.

Persons: Brian Cheng, Graves, Cheng, — CNBC's Michael Bloom Organizations: JPMorgan, IMVT, Telavant, Merck, Prometheus Locations: Immunovant, IMVT, Roche

☆ Big Tech’s next key market is India. Here’s how four Club portfolio names are playing it
▼ + stars: | 2024-02-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

Just days after delivering a stellar quarter, Microsoft CEO Satya Nadella was on a whirlwind speaking tour throughout India. The Indian market also represents a largely untapped market that will diversify revenue streams. Over the summer, India became Amazon's first market in Asia to launch its dedicated virtual cargo airline , dubbed Amazon Air. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Satya Nadella, Morgan Stanley, Chetan Ahya, Ahya, Bernstein, Nadella, Zev Fima, Fima, Tim Cook, Amazon, Sundar Pichai, Jim Cramer's, Jim Cramer, Jim Organizations: Microsoft, Apple, country's Ministry, Skill Development, Entrepreneurship, Club, Foxconn Technology, Media, Amazon, Walmart, Web Services, Google, CNBC Locations: India, Mumbai, Bengaluru, New Delhi, China, Asia, United States, Chennai, Puna, Hyderabad, Tamil Nadu, India's, Gujarat

☆ Expect secular tailwind in the gig economy stocks, says MoffettNathanson's Michael Morton
▼ + stars: | 2024-02-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect secular tailwind in the gig economy stocks, says MoffettNathanson's Michael MortonMichael Morton, MoffettNathanson senior analyst, joins 'Squawk Box' to discuss the gig economy industry, why companies are focusing more on profitability over growth, what it means for their stocks, and more.

Persons: MoffettNathanson's Michael Morton Michael Morton, MoffettNathanson

☆ How Apple could utilize AI
▼ + stars: | 2024-02-15 | 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 EmailHow Apple could utilize AIAmit Daryanani, Evercore ISI senior managing director, joins 'Power Lunch' to discuss why he expects a new tailwind for Apple in its AI play.

Persons: Amit Daryanani Organizations: Apple

☆ DraftKings and FanDuel are set to be the big Super Bowl winners amid record betting activity fueled by Taylor Swift
▼ + stars: | 2024-02-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Read previewSports betting companies are set to score big at this weekend's Super Bowl, with DraftKings and FanDuel leading the rush, Bank of America said in a Friday note. Sunday's game will see the Kansas City Chiefs play against the San Francisco 49ers, paving the way for blowout betting activity. DraftKings and FanDuel stand to benefit the most from this weekend of big betting, BofA equity strategists led by Shaun Kelley wrote. AdvertisementSports betting industry players are also positioned to benefit from the expected attendance of Taylor Swift, whose presence may kick betting activity into a higher gear, BofA wrote. Some examples of these proposition bets — wagers not tied to the game's outcome — include DraftKings' "how you get the girl," where Kelce scores a touchdown in each half.

Persons: —, FanDuel, Shaun Kelley, Kelley, Taylor Swift, BofA, Travis Kelce's, Swift, FanDuel isn't, Goldman Sachs, it's, Research Ben Andrews, Jim Chanos Organizations: Service, Bank of America, Kansas City Chiefs, San Francisco 49ers, Business, 49ers, Chiefs, NYSE, Leisure, Research

☆ We see tailwind in the second half of the year supported by the macro: Mediobanca CEO
▼ + stars: | 2024-02-09 | 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 EmailWe see tailwind in the second half of the year supported by the macro: Mediobanca CEOMediobanca CEO Alberto Nagel says he sees tailwinds for the company in the second half of this year, supported by the macro environment.

Persons: Alberto Nagel, tailwinds

☆ Jobs and geopolitical threats will keep climate tech in spotlight even if Biden is voted out, insiders say
▼ + stars: | 2024-02-08 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +6 min

Read previewPresident Biden has won quite a few fans in the climate tech sector during this time in office. Legislation, including the IRA, the Bipartisan Infrastructure Law, and the CHIPS and Science Act, has unlocked enormous amounts of capital that bolsters climate tech innovation and adoption. The Swiss company would have expanded Stateside eventually, but such policies helped it pick up pace, said Andrew Fishbein, Climeworks' senior policy manager in the US. For example, Regeneration VC doesn't factor subsidies into its investment decisions or portfolio companies' financial projections. Advertisement"Who knows, maybe 2024 is going to be a banner year for climate tech," he said.

Persons: —, Biden, Sierra Peterson, Anna, Alexia Basile, Katie Hoffman, Hoffman, Climeworks, Andrew Fishbein, We're, Kevin Stevens, Trump, VC's Hoffman, Energize Capital's Stevens, Ben Wolkon Organizations: Service, Business, Voyager Ventures, Infrastructure Law, Regeneration, Battery, Trump, Future, Department of Energy, Energize Capital, MUUS Climate Partners Locations: Paris, Nevada , Arizona, Louisiana, North Dakota, California, Swiss, Washington

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