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☆ European markets head for higher open ahead of UK inflation data
▼ + stars: | 2024-05-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European stocks are heading for a higher open Wednesday as regional markets continue to see-saw over the inflation outlook and trajectory of interest rates. Investors in the U.K. will be keeping a close eye on the latest U.K. inflation figures out Wednesday. Economists are forecasting a sharp fall in the April print, driven by lower household energy costs, that could take the headline rate close to, or even below, the Bank of England's 2% target.

Organizations: Bank of England's

☆ Troubling market internals warrant buying some portfolio protection — Here's how
▼ + stars: | 2024-05-22 | by ( Tony Zhang | ) www.cnbc.com time to read: +2 min

As equity markets print new all-time highs and the CBOE Volatility Index prints 52-week lows, this should be considered as a bullish outlook by all accounts. However, if we look under the hood, the internals during this rally concern me and in my opinion, warrants buying some protection on these all-time highs. If we look at the Sector Rotation RRG Chart, we see that over the past five weeks, the rally in the S & P 500 has been led by utilities, energy and staples. With materials and industrials also rolling over, we simply lack the confidence to call a strong bull market on the recent all-time highs. I'm going out to July and buying the $530 puts on the SPDR S & P 500 ETF Trust (SPY) for $7.35, which is only 1.3% of the SPY's value to buy over 2 months of protection.

Organizations: Trust

☆ UK inflation comes in hotter than expected, slashing June rate cut bets
▼ + stars: | 2024-05-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

U.K. inflation came in hotter than expected with a drop to 2.3% in April, the Office for National Statistics said Wednesday, prompting traders to pull back from bets on a June interest rate cut from the British central bank. Core inflation, excluding energy, food, alcohol and tobacco, dipped to 3.9% in April from 4.2% in March. A dramatic drop in the headline rate was widely expected because of the year-on-year decline in energy prices. Investors were instead set to focus on core and services inflation, after BOE policymakers indicated they would be willing to cut interest rates some time in the summer, but stressed that the timing would depend on fresh data. Following the print, money markets slashed the probability of a June rate cut to just 15%, down from 50% earlier in the day.

Persons: BOE Organizations: National Statistics, Bank of England's, Reuters Locations: Russia, Ukraine, British, U.K

☆ AI darling Nvidia reports after the bell. What Wall Street is watching
▼ + stars: | 2024-05-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Wall Street will be keeping close watch on what Nvidia says about demand for its artificial intelligence chips when the market-moving chipmaker reports quarterly results after the bell Wednesday. Nvidia is expected to surpass expectations again, with analysts polled by LSEG calling for earnings of $5.59 per share on $24.65 billion in revenue. "As long as it tops analyst expectations, NVIDIA is likely to remain a key tailwind for the overall U.S. stock market." NVDA 1Y mountain Shares over the last year For multiple quarters, Nvidia has shocked Wall Street with the robust demand for its tools. "We continue to expect a strong beat-and-raise quarter from NVIDIA as Hopper demand remains robust before the Blackwell transition," wrote Morgan Stanley's Joseph Moore.

Persons: they've, Wolfe, Chris Senyek, Hopper, Blackwell, Morgan Stanley's Joseph Moore, Piper Sandler's Harsh Kumar, Rosenblatt's Hans Mosesmann, Baird's Tristan Gerra, Tom O'Malley, Baird's Gerra, Nvidia's Blackwell, America's Vivek Arya, Arya, Timothy Arcuri, Rosenblatt's Mosesmann, O'Malley, Morgan Stanley's Moore Organizations: Nvidia, NVIDIA, Blackwell, Barclays, Bank, America's, UBS Locations: Nvidia's

☆ 'AI demand train running at full speed': Here's what Wall Street expects from Nvidia's 1st-quarter earnings
▼ + stars: | 2024-05-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Wall Street expects a continued increase in Nvidia's AI chip sales ahead of its next-gen Blackwell chip release. Here's what Wall Street expects from Nvidia's upcoming earnings report. Deutsche Bank: "AI leadership to continue"Deutsche Bank said it fully expects Nvidia to deliver "healthy multi-billion dollar beats/raises on still healthy demand for AI compute." However, the bank sees much of that strength already priced into the stock, leading the firm to believe that Nvidia stock is "fully valued." Bloomberg Intelligence: "Nvidia has more levers to attack the market"Bloomberg Intelligence analyst Oscar Hernandez Tejada said in a recent note he fully expects Nvidia to report "a solid beat and raise" on Wednesday, arguing that "Nvidia's AI demand train running at full speed."

Persons: —, Wells, Aaron Rakers, Rakers, Taiwan Semiconductor bode, Vivek Arya, Blackwell, Arya, NVDAs, Oscar Hernandez Tejada, Tejada Organizations: Nvidia, Service, ChatGPT, Nvidia's, Blackwell, GPU, Data, Super Micro Computer, Taiwan Semiconductor, Bank of America, Deutsche Bank, Bloomberg Intelligence, Bloomberg Locations: Wells Fargo, Wells, China

☆ The only way we would get rate cuts is if something broke, says Ironsides Macroeconomics' Knapp
▼ + stars: | 2024-05-21 | 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 EmailThe only way we would get rate cuts is if something broke, says Ironsides Macroeconomics' KnappBarry Knapp, Ironsides Macroeconomics managing partner and director of research, joins 'Squawk Box' to discuss Knapp's overall investing thesis, what the latest CPI print says about the economy, and more.

Persons: Knapp Barry Knapp Organizations: Ironsides

☆ Britain's inflation rate could be about to drop below the Bank of England's 2% target
▼ + stars: | 2024-05-21 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Bloomberg | Bloomberg | Getty ImagesLONDON — U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in the April print will take the headline rate below the Bank of England's 2% target. That would represent a plunge from the current level of 3.2% and could "make or break" a June interest rate cut, economists say. Ashley Webb, U.K. economist at Capital Economics, said that if the headline rate does fall below 2% in April, as he expects, it would be "momentous." "This will be crucial in determining whether the first interest rate cut from 5.25% will happen in June (as we expect) or in August. We think inflation will fall further, perhaps even to 1.0% later this year," Webb said in a Friday note.

Persons: Ashley Webb, What's, Webb, —, BOE Governor Andrew Bailey, BOE, Ben Broadbent, James Smith, ING's Organizations: Bloomberg, Getty, Bank of England's, Capital Economics, Bank of England, European Central Bank, ING Locations: Kingston, London, U.K

☆ An artist reckons with the dangerous power of advertising and iconography
▼ + stars: | 2024-05-20 | by ( Abigail Glasgow | ) edition.cnn.com time to read: +8 min

The artist Hank Willis Thomas is pointing to one of the images: of two well-dressed, neatly coiffed men standing atop a cliff. "She's Somewhat of a Drag," a 1959 advertisement Thomas repurposed in his series "Unbranded: A Century of White Women." Across his work, Thomas reframes iconic and mundane imagery to connect viewers to historical moments of resistance and reshape our understanding of who counts in society. Here, a pro-football player appears to face off with an enslaved cotton picker, in Thomas' work "From Cain't See in the Mornin' Til Cain't See at Night." His body of work work reflects the observation — and, perhaps, a warning — that we have moved toward “existing in a society of branded consciousness."

Persons: Hank Willis Thomas, Thomas, Aaron Wessling, Jordan, “, Thomas ’, Drummond, —, ” Thomas, mascara, Jordan Schnitzer, ” Schnitzer, ” Thomas ’, Thomas reframes, Barack Obama, ”, “ I’ve, doesn’t Organizations: CNN, Art, White, White Women, Family, Cotton, Corporate America, Civil Rights, American Express Locations: ”, Oregon, United States, Gorée

A chipmaker was among Monday's biggest analyst calls along with a hospital stock. Morgan Stanley upgraded Micron Technology and raised its price target on the stock — though it sees only limited gains ahead. U.S. Steel shares have dropped more than 26% year to date. The bank upgraded the computer memory stock to equal weight from underweight and increased its price target to $130 per share from $98. He also raised hi 12-month price target to $226 from $189, implying upside of 27% from Friday's close.

Persons: Morgan Stanley, Dell, Samik Chatterjee, Bernstein, Toni Sacconaghi, DELL, — Brian Evans, Jefferies, Christopher LaFemina, LaFemina, Stifel, Ruben Roy, Baird, Tristan Gerra, Tom O'Malley, Brian Evans, Micron Technology Morgan Stanley, Morgan Stanley's, Joseph Moore, Moore, AJ Rice, Rice, Fred Imbert Organizations: CNBC, Micron Technology, UBS, Universal Health Services, JPMorgan, Dell, Jefferies, U.S, Steel, U.S . Steel, Nippon Steel's, Wall, TAM, Nvidia, Barclays Locations: U.S, Friday's

☆ Stocks making the biggest moves premarket: Apple, Nvidia, Li Auto and more
▼ + stars: | 2024-05-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Apple — Apple shares slipped less than 1% after Reuters reported the technology giant is implementing aggressive discounts on its iPhones in China. Micron Technology — Shares moved 2.3% higher after Morgan Stanley upgraded the semiconductor company to equal weight from underweight. Johnson Controls — Shares rose 5% after Bloomberg News reported Elliott Management has built a more than $1 billion stake in the security and safety company. Teradyne – The semiconductor testing equipment stock rose nearly 3%. Goldman Sachs upgraded Teradyne to a buy rating, citing its recent strong quarter and expectations for a "cyclical recovery" within its system-on-chip design test business.

Persons: Morgan Stanley, Li, Johnson, Elliott, Goldman Sachs, —, Alex Harring, Michelle Fox Organizations: Apple, Reuters, Micron Technology —, Micron, Nvidia, Barclays, Stifel, Li Auto, GameStop, AMC Entertainment, Bloomberg News, Elliott Management Locations: China

☆ I'm an American mom living in France. I've never seen a screen out during meal time and French kids are always well-dressed.
▼ + stars: | 2024-05-20 | by ( Erica Jackson Curran | ) www.businessinsider.com time to read: +7 min

And yet, when I'm in Mom Mode with my 7-year-old son, Oliver, I just can't hide the fact that I'm American. This kind of helicopter behavior is fairly common among American parents — but less so in France. French kids are always impeccably dressedIt may sound like French kids are running wild, but that's not the case — and their wardrobes are evidence of that. I've rarely seen French kids with screens (or sodas) at a restaurant. AdvertisementWe've learned that French kids usually snack only once per day, during "gouter" which is around 4:30 p.m., when they get out of school.

Persons: Oliver, I've, —, that's, He's, he's, I'm, they're, iPads I've, Coke, We've Organizations: Service, Adidas Locations: Bordeaux, France, American, French

☆ Top Wall Street analysts like these 3 dividend stocks for high yields
▼ + stars: | 2024-05-19 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Bearing that in mind, here are three attractive dividend stocks, according to Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. On May 1, the company announced its first-quarter results and declared a quarterly dividend of 48 cents per share, payable on June 28. Following the results, RBC Capital analyst Kenneth Lee reaffirmed a buy rating on ARCC stock with a price target of $22. The company recently announced its first-quarter results and declared a quarterly distribution of $0.405 per unit. Overall, based on the annualized dividend amount of $3.08 per share, the stock's dividend yield stands at 5.6%.

Persons: Wall, Capital, Kenneth Lee, Lee, TipRanks, Devin Dodge, Dodge, Income's, Brad Heffern, Heffern Organizations: New York Stock Exchange, Federal Reserve, Ares, RBC Capital, Ares Credit, Brookfield Infrastructure Partners, Brookfield Infrastructure, BMO Capital, Triton, Dodge, Brookfield Locations: New York City, Asia, Pacific, North America, Europe, U.S, TipRanks

☆ Five things you probably didn’t know about the biggest art heist in history
▼ + stars: | 2024-05-19 | by ( Caitlin Chatterton | ) edition.cnn.com time to read: +8 min

On March 18 1990 the museum fell prey to history’s biggest art heist. Here are five things that make the Isabella Stewart Gardner Museum, and its famous theft, so interesting. Sean Dungan/Courtesy Isabella Stewart Gardner Museum, BostonWhy commit history’s greatest art heist and leave without the priciest piece in the museum? John Wilcox/Boston Herald/Getty ImagesWhy would “Corsican mobsters,” as CNN correspondent Randi Kaye described them in the programme, be interested in robbing a Boston art museum? “That’s how these things get stolen.”How It Really Happened’s “Gardner Art Heist: Stealing Beauty” premieres on CNN Sunday 19 May, at 9pm ET/PT.

Persons: ”, Andy Warhol’s, Frida Kahlo’s, Isabella Stewart Gardner, Vermeer, Rick Abath, Gardner, ” Stephan Kurkjian, ” Gardner, Julia Ward Howe, Ethel Smyth, Emmeline Pankhurst, Smyth, John Singer Sargent, Gardener, Mona Lisa, Titian, theives, Sean Dungan, Napoleon, Rembrandt, Bob Wittman, John Wilcox, Randi Kaye, ” Kaye, ” Kelly Horan, Myles Connor, —, theif Myles Connor, George Rizer, Connor, Al Dotoli, Frank Sinatra, Liza Minelli, Dotoli, Dionne Warwick —, ” Horan, “, Ryan McBride, ” Wittman, “ Gardner Organizations: CNN, The Museum, Modern Art, Salvador, Isabella Stewart Gardner Museum, 9P, Boston, Boston Symphony Orchestra, Red Sox, Boston Globe, Storm, FBI, Museum of Modern, Art, Boston Herald, Boston’s Museum of Fine Arts, Getty Locations: New York, Boston, America, Red, Europa, London, Galilee, Corsica, Nice, Corsican, Maine

☆ Sports Illustrated celebrates 60th anniversary of its ‘Swimsuit Edition’ with look back at iconic cover models
▼ + stars: | 2024-05-18 | by ( Zoe Sottile | ) edition.cnn.com time to read: +3 min

These are just three of the models who have graced the cover of Sports Illustrated’s famous — and at times controversial — “Swimsuit Edition.” Now, to celebrate the special issue’s 60th year in print, the magazine has unveiled seven new covers featuring 27 women and reuniting past cover models for a “Legends” photo shoot. Kate Upton, Chrissy Teigen, plus-size model Hunter McGrady, and CBS News host Gayle King all posed for their own solo covers. (This marks the fourth time Upton has appeared on the magazine’s cover, and the second time for Teigen.) This year’s issue does just that.”Model and TV personality Chrissy Teigen appears on one of the anniversary edition's seven covers. Yu Tsai/Sports IllustratedSports Illustrated debuted its first-ever “Swimsuit Edition” started in 1963, with a young German model named Babette March on the cover, pictured frolicking on a beach in Mexico in a white bikini.

Persons: Martha Stewart, Christie Brinkley, Tyra Banks, Kate Upton, Chrissy Teigen, Hunter McGrady, Gayle King, Upton, Chanel Iman, Maye Musk, Megan Rapinoe, Winnie Harlow, Brenna Huckaby, Halima, MJ, “, ”, “ We’ve, Yu Tsai, Babette, Bloom, Valentina Sampaio, Kim Petras, Ashley Graham, McGrady, Kim Kardashian, Naomi Osaka, Megan Thee, it’s Organizations: CNN, Sports, CBS News, Teigen Locations: Halima Aden, German, Mexico

☆ The UK’s royal family as you’ve never seen them before
▼ + stars: | 2024-05-17 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +6 min

Alongside them are the Queen’s sister, Princess Margaret, plus Princess Alexandra and the Duchess of Kent, all holding their newborn babies. The Royal Family at Royal Lodge, 1943, conveying a reassuring sense of domesticity and calm during the war. Royal Collection TrustBeaton was the official photographer for Elizabeth’s coronation in 1953. Snowdon/Royal Collection TrustAnother highlight is the earliest surviving color print of a member of the royal family. Paolo Roversi/Royal Collection TrustGET OUR FREE ROYAL NEWSLETTER • Sign up to CNN’s Royal News, a weekly dispatch bringing you the inside track on the royal family, what they are up to in public and what’s happening behind palace walls.

Persons: Elizabeth II, Prince Edward, Princess Margaret, Princess Alexandra, Duchess, Kent, Princess Margaret’s, Antony Armstrong, Jones, Lord Snowdon, Princess Elizabeth, Cecil Beaton, “, ”, King George VI, Queen Elizabeth, Elizabeth, Margaret, Windsor . King George VI, comfortingly, Queen Elizabeth II, Prince Philip, Collection Trust Beaton, Martin Charteris, Beaton, Charles, Princess Anne, Anne, Pippin, Norman Parkinson, Snowdon, Madame Yevonde, Princess Alice , Duchess of Gloucester, Edward VIII, Andy Warhol’s, Andy Warhol, Todd, Ben Fitzpatrick, Paolo Roversi’s, Princess, Catherine, Alexandra , Princess of Wales, Franz Xaver Winterhalter, Wales, Cambridge, Paolo Roversi, Alessandro Nasini, Dorothy Wilding, Annie Leibovitz, David Bailey, Rankin Organizations: CNN, Royal, Royal Archives, Collection Trust, CNN’s Royal Locations: Royal, Windsor ., Buckingham, Wales

☆ DuPont stock hits new high after an analyst's upgrade — why we're not buyers here
▼ + stars: | 2024-05-17 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. It's a "muted market," said Jim Cramer, where "there's not much happening in any single place." DuPont de Nemours stock jumped over 2% after Jefferies analysts upgraded the materials name to a buy from hold rating. 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 .

Persons: Jim Cramer, Jim, Jim Cramer's Organizations: CNBC, Dow, Nasdaq, DuPont de Nemours, Jefferies, DuPont, Palo Alto Networks, Street Locations: It's, Thursday's, Palo, Palo Alto

☆ 12 swaps everyone should make in their living room, according to an interior designer
▼ + stars: | 2024-05-17 | by ( Cheyenne Lentz | ) www.businessinsider.com time to read: 1 min

Swap out matching throw pillows for fresh patterns and designs. Give your living room a fun feel with new throw pillows. Andy Dean Photography/ShuttershockAccording to Joyner, an easy way to change up your living-room design is to swap out matching pillows that may have come with your sofa for coordinating ones. "Mix velvet and linens, add in silk, and bring in an animal print to keep the couch fresh," Joyner told Business Insider. Joyner also recommended collecting throw pillows from your favorite shops to create your own bespoke or custom-made look.

Persons: Andy Dean, Joyner

☆ The Trump hush-money trial is thrusting reporters into an uncomfortable spotlight
▼ + stars: | 2024-05-17 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

New York CNN —The Donald Trump hush money trial is dragging reporters into uncomfortable territory and laying bare the complicated relationships journalists often have with sources. Michael Cohen, who continued to testify Thursday, invoked from the stand the names of several high-profile media figures, putting their relationships with the former Trump fixer in the spotlight. Cohen named The New York Times’ Maggie Haberman and MSNBC’s Katy Tur as reporters which he had established relationships with. And he spoke about having recorded dozens of phone calls with media figures, including former CNN boss Jeff Zucker. That reporters are playing a starring role in the trial is also a function of the Trump years.

Persons: Donald Trump, Michael Cohen, Cohen, Maggie Haberman, Katy Tur, John Santucci, Stormy Daniels, Jeff Zucker, Haberman, Trump, —, It’s, Todd Blanche Organizations: New York CNN, Trump fixer, The New York Times, ABC, CNN, Trump, Queens Locations: New York

☆ U.S. inflation data fuels bets of Fed rate cuts as early as September — but analysts aren’t convinced
▼ + stars: | 2024-05-16 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Traders appear increasingly confident that the U.S. Federal Reserve could start cutting interest rates as early as September, after inflation data cooled more than expected in April. Traders are currently pricing in a roughly 70% chance of a U.S. rate cut in September, according to the CME FedWatch Tool. Jerome Schneider, head of short-term portfolio management at PIMCO, said on Thursday that the latest U.S. inflation data confirmed to investors that the potential for a near-term rate hike was now "off the table." "I think more contextually, we have to really understand that we have celebrated a lower inflation rate, the market has. But, in context, at PIMCO we're specifically thinking about the longer-term trajectory of how the Fed is going to react to this data," Schneider told CNBC's "Squawk Box Europe."

Persons: Dow Jones, Jerome Schneider, we're, Schneider, CNBC's Organizations: New York Stock Exchange, Traders, U.S . Federal, Labor Department's Bureau of Labor Statistics, Federal Reserve Locations: U.S, PIMCO

☆ Details in U.S. inflation print didn't show what's needed for September rate cut, CIO says
▼ + stars: | 2024-05-16 | 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 EmailDetails in U.S. inflation print didn't show what's needed for September rate cut, CIO saysJacob Mitchell, CIO and founder at Antipodes Partners, discusses the components of the latest U.S. consumer price index and what they mean for the Federal Reserve.

Persons: Jacob Mitchell Organizations: Antipodes Partners, Federal Reserve

A fast food stock and Nvidia were among the stocks being talked about by analysts on Wall Street. RBC assumed coverage of Jack in the Box with an outperform rating and a price target that implies more than 40% upside. Ransom's $10 price target implies about 37.6% potential upside for the stock, which has gained 8.5% this year. Mailk said he likes the buy-rated stock on "secular AI growth opportunities" and maintained his $1,030 price target. New Street Research maintained its buy rating and $1,100 price target ahead of the quarterly print.

Persons: Jack, Piper Sandler, GoodRx, Raymond James Raymond James, John Ransom, — Pia Singh, Tesla, Dell, Amit Daryanani, Daryanani, Wolfe, Chris Caso, Caso, INTC, Coupang, Jennifer Han, Han, that's, Nvidia's, Piper Sandler's Harsh Kumar, Kumar, Blackwell, Atif Malik, Mailk, Pierre Ferragu, Logan Reich, JACK YTD, Fred Imbert Organizations: CNBC, Nvidia, Wall, RBC, Citi, New, Research, Kroger, pharma, Dell, DELL, Wolfe Research, Intel, UBS, Blackwell, RBC Capital Markets Locations: Korea

☆ Gold prices flat as U.S. inflation data takes centre-stage
▼ + stars: | 2024-05-15 | by ( ) www.cnbc.com time to read: +2 min

Gold prices traded flat on Wednesday as investors looked forward to a critical U.S. inflation print that could offer clues on the Federal Reserve's interest rate-cut trajectory. Spot gold held its ground at $2,359.99 per ounce, as of 0704 GMT, trading in a narrow $6 range, after gaining 1% on Tuesday. According to a Reuters poll, the data is expected to show that core inflation in April rose 0.3% month-over-month, down from 0.4% the prior month. Bullion is known as an inflation hedge, but higher rates increase the opportunity cost of holding non-yielding gold. However, data on Tuesday showed that U.S. producer prices increased more than expected in April.

Persons: Kyle Rodda, Bullion, Jerome Powell Organizations: Fort, BHP Group Locations: Fort Knox Alaska, Kinross, Tetlin , Alaska, ., U.S, American

☆ Palo Alto nears a key test that could break it out of Wall Street's penalty box
▼ + stars: | 2024-05-15 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

Shares of Palo Alto plunged 28% on Feb. 21, a session after the company delivered a more cautious outlook for the rest of 2024. The shift in business strategy requires Palo Alto to give customers its new services and products for free to demonstrate their many benefits. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance 2. The Club is focused on how much industry spend is going to Palo Alto versus competitors, but we're not concerned about demand for the company's offerings. In this photo illustration the Palo Alto Networks logo seen displayed on a smartphone and on the background.

Persons: Morgan Stanley, Sellers, Nikesh Arora, Palo, We'd, it's, PANW, Arora, Jim Cramer, We've, nudging, Stephen Vintz, we're, Jim, Jim Cramer's, Rafael Henrique Organizations: Palo Alto Networks, Wall Street, Palo, Tech, Barclays, Palo Alto, billings, Wall, Alto Networks, UnitedHealth Group, Change, Healthcare, Club, Microsoft, Vans, Corp, Caesars Entertainment, Securities, Exchange, US Fed, CNBC, Networks, Getty Locations: Palo Alto, U.S, Palo, billings, Palo Alto's, Alto

☆ European markets set for higher open ahead of key U.S. inflation data
▼ + stars: | 2024-05-15 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a higher open Wednesday as global investors look ahead to the latest U.S. inflation print. Traders are hoping that a return to Federal Reserve rate hikes is largely off the table despite a recent slew of hotter-than-expected inflation prints. On Tuesday, April's producer price index came in higher than economists' expectations, dampening expectations that the Fed would begin cutting rates later this year. Fed Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected, likely keeping interest rates elevated for an extended period. Asia-Pacific markets were mostly higher overnight, tracking Wall Street gains on Tuesday that saw the Nasdaq Composite index hit a fresh record closing high despite the strong inflation data.

Persons: Jerome Powell Organizations: Traders, Federal, Fed, Nasdaq Locations: Asia, Pacific

☆ 4 reasons why the S&P 500 has another 5% upside this year, UBS says
▼ + stars: | 2024-05-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The ongoing S&P 500 rally could extend to 5,500 this year, UBS said. Tech earnings have remained strong, with ex-Mag 7 tech firm profits revised 7% higher since March. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementWith last month's equity jitters already quashed, the ongoing rebound is the start of an extensive summer rally, UBS said. According to a note published Tuesday, the S&P 500 could reach the firm's upside scenario of 5,500 by this year's end.

Persons: Disinflation, —, Marcelli, That's Organizations: UBS, Tech, Service, Global Wealth Management, Microsoft, Nvidia, Apple

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