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☆ Stock futures are little changed as Wall Street awaits bank earnings: Live updates
▼ + stars: | 2024-04-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on April 10, 2024 in New York City. U.S. stock futures flickered near the flatline on Thursday night as traders looked ahead to the release of corporate earnings from major U.S. banks. S&P 500 futures and Nasdaq 100 futures were little changed. The muted action follows a sharp rebound for the S&P 500 and the Nasdaq Composite as tech shares led a comeback from Wednesday's inflation-fueled sell-off. On Thursday, Nasdaq gained 1.68% to close at a record, while the S&P 500 gained 0.74%.

Persons: Dow, Apple, Thomas Martin Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow, Bloomberg News, Apple, Nvidia, Globalt Investments, CNBC, JPMorgan Chase, Citigroup Locations: New York City, U.S, Wells Fargo, BlackRock

☆ These are Goldman's top tactical stock picks going into earnings season
▼ + stars: | 2024-04-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Analysts expect the S & P 500 to have a year-over-year earnings growth rate of 3.2%, FactSet data shows. If that's the case, it would mark the third consecutive quarter of earnings growth. The reporting period could also be a good time for tactical opportunities in the stock market. The bank also expects these names to see sharp moves after posting earnings, based on what the options market shows. The options market implies a 4.1% move for Nasdaq on after the April 25 report is released.

Persons: Goldman Sachs, John Marshall, Goldman, Lizzie Dove, Per Goldman, Toshiya Hari Organizations: JPMorgan Chase, Citigroup, Royal Caribbean Cruises, Nasdaq, Semiconductor, Broadcom Locations: Wells, China, Asia

☆ Stocks making the biggest moves midday: Cava, Nvidia, Deckers, Block, Taiwan Semiconductor and more
▼ + stars: | 2024-04-10 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Cava — Shares jumped 4.4% after Argus upgraded the Mediterranean food chain to buy from hold, saying investors should buy the dip. Cava has a "long runway to growth," the firm said. Nvidia — Shares rose 1.7% as the "Magnificent Seven" leader tried to claw its way out of correction territory . Earnings came in at 45 cents per share, 9 cents ahead of the 36 cents expected by analysts polled by LSEG. Alibaba — Shares rose 1.2% on news that Jack Ma, co-founder of the China-based e-commerce company, touted Alibaba's management and talked about the potential for AI in an internal memo to employees.

Persons: Truist, Cava —, William Blair, Vital, Jefferies, Wednesday's, Albemarle, Jack Ma, Samantha Subin, Michelle Fox Theobald, Lisa Kailai Han Organizations: Hoka, Argus, Nvidia, Vital, Mizuho, Zillow, National Association of Realtors, GoodRx Holdings, Delta Air Lines, LSEG, Bank of America, Taiwan Semiconductor Manufacturing Locations: Cava, China

Morgan Stanley raised its price target on Nvidia, calling for more than 15% upside going forward. — Lisa Kailai Han 5:53 a.m.: Jefferies lowers Tesla price target, cites 'self-inflicted' wounds Tesla's troubles may not be over yet, according to Jefferies. The investment firm kept its hold rating on the electric vehicle maker and lowered its price target to $165 from $185. Jefferies analyst Philippe Houchois also said Tesla is plagued by shifting product priorities. — Lisa Kailai Han 5:53 a.m.: Morgan Stanley raises Nvidia price target Nvidia has already rallied more than 72% in 2024.

Persons: Morgan Stanley, Jefferies, Patrick Cunningham, Erik Fyrwald's, Cunningham, — Lisa Kailai Han, Zillow, John Colantuoni, Colantuoni, Scott Schoenhaus, Schoenhaus, Lisa Kailai Han, Hess, Betty Jiang, CVX, Jiang, Tesla, Philippe Houchois, Joseph Moore, Moore, — Fred Imbert Organizations: CNBC, Nvidia, Citi, Management, & Biosciences, Jefferies, National Association of Realtors, Markets, GDRX, Barclays, Chevron, NVIDIA, AMD Locations: Tuesday's, China

☆ Comeback candidates: Goldman loves these underperforming stocks with strong fundamentals
▼ + stars: | 2024-04-10 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Stocks that have missed out on this year's market rally could be solid contenders for a rebound, according to Goldman Sachs. Heading into the second quarter, Goldman searched for buy-rated names in its coverage universe that could win big going forward. Goldman screened for "compounders," which offer investors high financial returns, free cash flow generation, margin expansion and sales growth. Most analysts covering the stock currently have a buy rating assigned to the name, with about 39% upside to the consensus price target, per LSEG. Pfizer stock has slipped 9% this year.

Persons: Goldman Sachs, Goldman, Dan Levy, Levy, Guggenheim, Vamil Divan, Lamb Weston, Jefferies, Rob Dickerson Organizations: Barclays, Pfizer Locations: U.S

☆ Take some profits and buy cyclical names if March CPI only matches expectations, investors say
▼ + stars: | 2024-04-09 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Conversely, Kilburg is adding to positions that have lagged the market, such as industrial and health-care stocks. "Those are three names that I believe are blue chip, essential names to the U.S. economy," he said. UnitedHealth and other health-care stocks are also trading at a discount, Kilburg said, citing Johnson & Johnson as a potential winner. Buy cyclical names Bailey, formerly a health-care analyst at Legg Mason and Stifel Financial before joining FBB in 2015, expects a hotter-than-forecast inflation report on Wednesday would take stocks lower. The Johns Hopkins MBA also sees the larger, diversified banks as attractive in a climate of higher inflation and interest rates.

Persons: Jeff Kilburg, Kilburg, Mike Bailey, Bailey, payrolls, Lockheed Martin, Johnson, Legg Mason, Berkshire Hathaway, Johns Hopkins, UnitedHealth Organizations: KKM, FBB Capital Partners, Meta, Nvidia, Lockheed, Stifel, FBB, Treasury, Berkshire, Union Pacific, Old Dominion Freight Locations: U.S, McLennan, Progressive, Chevron

☆ Stocks making the biggest moves midday: GE Vernova, SoFi Technologies, Tesla and more
▼ + stars: | 2024-04-08 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

GE Vernova — Shares of energy company GE Vernova, which spun off from General Electric last week, gained 5.9% following an upgrade to overweight from neutral from JPMorgan. The firm said investors should buy the dip in GE Vernova, and said shares have pulled back since the spinoff largely due to technical and flowback selling and are now trading at a discount. Tesla — The beaten-down electric vehicle maker added 5.4% after CEO Elon Musk said late Friday that Tesla will unveil its long-awaited robotaxi design on Aug. 8. UiPath — The software stock gained more than 2.3% during midday trading. SoFi Technologies — Shares gained 4.1% after Citi resumed coverage of the online personal finance company with a buy rating.

Persons: Elon Musk, Tesla, Eaton, Wolfe, Piper Sandler, Jefferies, Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han Organizations: GE, GE Vernova, General Electric, JPMorgan, Taiwan Semiconductor Manufacturing, Biden Administration, Citi, Sociedad, Jefferies Locations: Arizona, U.S, Minera —, American

Morgan Stanley raised its price target on Ford after the company reassessed its electric vehicle strategy. That "paints path to ~$230-$290 stock price as we argue AMZN could warrant an even higher multiple in this scenario," he added. — Michelle Fox 7:38 a.m.: Evercore hikes Disney price target, points out near-term catalysts Walt Disney has a bright near-term outlook, according to Evercore ISI. In addition to cutting his price target, Harned also pulled down his outlook for free cash flow and deliveries. — Alex Harring 5:48 a.m.: KeyBanc raises Nvidia price target There's no slowing down Nvidia , according to KeyBanc.

Persons: Morgan Stanley, KeyBanc, Brian Nowak, Jon Tower, — Michelle Fox, Walt Disney, Vijay Jayant's, Jayant, Bob Iger, — Lisa Kailai Han, David Palmer, Palmer, Uber, — Alex Harring, Bernstein, Douglas Harned, Harned, Dave Calhoun, Alex Harring, Anthony Chukumba, Chukumba, selloff, Ross Seymore, Seymore, TD Cowen, Doug Anmuth, Anmuth, there's, John Blackledge, Blackledge, Jason Bazinet, Bazinet, There's, Goldman, Goldman Sachs, Kate McShane, McShane, BJ, Mark Strouse, Strouse, Adam Jonas, Jonas, Ford, John Vinh, Vinh, Fred Imbert Organizations: CNBC, Monday's, Ford, Nvidia, Amazon, Citi Citi, Grill, ISI, Disney, India's Reliance Industries, Reliance Industries, Netflix, Hulu, Boeing, Dow Jones, Capital, Loop Capital, Deutsche Bank, Broadcom, VMWare, JPMorgan, Citi, BJ's Wholesale, GE, GE Vernova Locations: Michigan, Alaska, F1Q, California, The Massachusetts, Friday's, China

☆ Buy these stocks with overly conservative expectations ahead of earnings, Jefferies says
▼ + stars: | 2024-04-08 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

First-quarter reporting season is kicking off later this week, and investors should also be attuned to companies boosting their forecasts as they report, Jefferies found. "As a result, we believe there could be outsized opportunity with respect to stocks poised for shifts to full-year outlooks and subsequent estimate upgrades & downgrades." Jefferies shared 23 companies that have a history of larger-than-typical bumps or higher-than-normal conviction that should see upward estimate revisions once they report their results. Jefferies also listed GE Aerospace as a company with upward revision potential. "High incremental margins from a largely fixed cost base should result in even more impressive long-term EBITDA upside."

Persons: Jefferies, bode, CYBR, Joseph Gallo, Sheila Kahyaoglu, John Colantuoni Organizations: GE Aerospace, GE, YTD GE, CFM Locations: Zillow

☆ These are the best stocks to play the 'explosive' up move in copper, according to Strategas
▼ + stars: | 2024-04-07 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Copper prices are in the midst of a sharp rally, and there are a few stocks investors could check out to play the trend, according to Strategas. In a Thursday report, he called out the "explosive move from copper" and identified stocks with exposure to the metal that are breaking out of their multi-year ranges. The average price target suggests downside of about 3% from current levels. The average price target suggests 29% downside from current levels. He also raised his price target to $130 from $91, implying that shares could rally about 17% from their Friday close.

Persons: Chris Verrone, Bernstein, Bob Brackett, Brackett, Jefferies, Alejandro Anibal Demichelis, Demichelis Organizations: Copper, Southern Locations: U.S, Freeport, McMoRan, McRoRan, Indonesia, Mexico

☆ Stocks making the biggest moves premarket: Krispy Kreme, Cinemark, Western Digital and more
▼ + stars: | 2024-04-05 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Shockwave Medical — The medical device stock rose 1.6% after Johnson & Johnson announced it would buy the company for $12.5 billion. Krispy Kreme — Shares of the doughnut chain surged 5% in premarket trading after Piper Sandler upgraded the stock to overweight from neutral. Fox Corporation Class A — The stock rose 1% following an upgrade to buy from neutral at Seaport Research. Western Digital — The semiconductor stock rose nearly 3.5% after an upgrade to buy from neutral by Rosenblatt Securities. Agilent Technologies — The life sciences applications company rose more than 1% after receiving an upgrade to buy from hold at Stifel.

Persons: Johnson, Piper Sandler, Krispy Kreme, McDonald's, Omar Mejias, Wells, Steven Cahall, Ollie's, Gro —, Rosenblatt, Daniel Arias, — CNBC's Michelle Fox, Hakyung Kim, Yun Li, Sarah Min, Jesse Pound Organizations: Johnson, USA, Scotts Miracle, Gro, Fox Corporation, Seaport Research, Rosenblatt Securities, Western, Technologies, Stifel Locations: Wells Fargo

☆ Unemployment rate among Black Americans jumped in March, contrasting overall trends
▼ + stars: | 2024-04-05 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Lindsey Nicholson | Universal Images Group | Getty ImagesThe unemployment rate among Black Americans jumped in March, according to data released Friday by the Department of Labor. That's higher than the overall unemployment rate, which edged lower to 3.8% last month, as well as the 3.4% jobless rate for white Americans, which held steady from February. When accounting for gender, the unemployment rate for Black women aged 20 or older spiked to 5.6%, a big increase from the 4.4% rate in February. Gould pointed out that the unemployment rate for Black Americans has been steadily increasing since December. For Black women, the rate ticked lower to 63% from 63.4%, while it inched down to 69.6% from 69.8% among Black men.

Persons: Lindsey Nicholson, Black, Elise Gould, Gould Organizations: Universal, Getty, Black, Department of Labor, Economic, Institute Locations: Queens , New York

☆ Stocks making the biggest moves midday: Lamb Weston, Levi Strauss, Wayfair and more
▼ + stars: | 2024-04-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Zeta Global — The software stock added 13% after Morgan Stanley upgraded the software firm to an overweight rating from equal weight. Conagra Brands — The consumer packaged goods food company climbed 5% after exceeding analysts' estimates for its fiscal third-quarter earnings and revenue. Lamb Weston — Shares plunged 19% after the fries producer missed its third-quarter earnings and revenue. Lamb Weston posted third-quarter adjusted earnings of $1.20 per share, less than the $1.45 analysts polled by FactSet had expected. Solar stocks — Solar stocks rose higher during Thursday's session as the yield on the benchmark 10-year Treasury moved lower.

Persons: Goldman Sachs, Morgan Stanley, Wayfair, foresees, Levi Strauss, Conagra, FactSet . Lamb Weston —, Lamb Weston, FactSet, Grindr, Raymond James, Solventum, —, Alex Harring, Hakyung Kim Organizations: Hertz, Goldman, Investors, Zeta, Conagra, Alaska Air Group —, Boeing, Reuters, 3M, Treasury, Energy, SolarEdge Technologies Locations: Alaska

☆ Stocks making the biggest moves premarket: Levi Strauss, Intuitive Machines, Wayfair and more
▼ + stars: | 2024-04-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Hertz Global — The car rental stock slid nearly 5% following a downgrade to sell from neutral at Goldman Sachs. Wayfair — The home-focused e-commerce retailer rose nearly 5% following an Evercore ISI upgrade to outperform from in line. For the period, the retailer posted adjusted earnings of 26 cents per share on $1.56 billion in revenue. Conagra reported earnings of 69 cents per share on revenue of $3.03 billion, exceeding FactSet's estimates of 65 cents per share on revenue of $3.01 billion. Intuitive Machines — The space stock soared nearly 11% after Intuitive won a NASA contract for $30 million to build a lunar terrain vehicle.

Persons: Goldman Sachs, Lizzie Dove, Morgan Stanley, Wayfair, Levi Strauss —, Conagra, Lamb Weston, FactSet, — CNBC's Alex Haring, Sarah Min, Samantha Subin Organizations: Hertz, Goldman, Zeta Global, Zeta's, LSEG, NASA

☆ Top performing investor doubts Nvidia is really worth this much, buying 2 unusual stock plays instead
▼ + stars: | 2024-04-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

"If you look at AI stocks or Nvidia in particular … Nvidia's a phenomenal company, massive revenue growth, massive earnings growth, but there's a question — how wonderful are they? Miller said Nvidia is inherently different from companies such as Microsoft and Apple, which he thinks are worth their $2 billion valuations. Nvidia shares more than tripled in 2023 as investors flocked into the AI darling. Metallurgical coal companies are trading very cheaply alongside their thermal coal peers since investors are "throwing the baby out with the bathwater," Miller said. "There's going to be more metallurgical coal used over the next three to five years, but there's no new supply coming online."

Persons: David Miller, Miller, haven't, there's, Morningstar Organizations: Nvidia, Catalyst Funds, CNBC, Microsoft, Apple, Alpha Metallurgical Resources, Metallurgical Locations: U.S

☆ These are Piper Sandler's favorite stocks for the second quarter
▼ + stars: | 2024-04-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

As a cloak of unease shrouds the market, it might be time for investors to consider turning to quality stocks, according to Piper Sandler. Piper Sandler also identified United Airlines as a quality stock to buy. The airline carrier stock moved to a ranking of 2 in the current quarter, from its previous ranking of 4. Microsoft is another quality name that could win big, Piper Sandler said. Microsoft stock rose on Monday after a report from The Information said that the company was planning a $100 billion data center project with OpenAI .

Persons: Piper Sandler, Piper Sandler's, CNBC's Michael Bloom Organizations: Piper, Communications, Verizon, Airlines, Boeing, United Airlines, Reuters, U.S . Federal Aviation Administration, Microsoft, Jefferies

☆ Tuesday's market sell-off is what happens when stocks are 'priced for perfection,' says investor James Abate
▼ + stars: | 2024-04-02 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Some of the key drivers that drove stocks to record highs in the first three months of the year are being undermined, leading to Tuesday's sell-off, according to investor James Abate. "Stocks are priced for perfection and for them to move higher or avoid a correction you needed rates to either go down and/or profits to move higher. Outside of macro and micro data, the stock market's woes have been exacerbated by rising geopolitical tensions, Abate added. The underperformance in the Russell 2000 small-cap index means that this market selloff isn't solely contained to high-flying tech stocks. Abate manages the Centre American Select Equity Fund, which has returned 8.9% year to date compared to its category average of 9.7%, according to Morningstar .

Persons: James Abate, Abate, Tesla, Russell, Wall Street's, Morningstar Organizations: Dow Jones, Nasdaq, Centre Asset Management, CNBC, Federal Reserve, Dow, American, Equity Fund, Apple, Microsoft, Nvidia Locations: Syria

☆ Stocks making the biggest moves midday: Micron Technology, Cameco, MicroStrategy, Universal Health Services and more
▼ + stars: | 2024-04-01 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Cameco — Shares rose more than 5% after Goldman Sachs initiated coverage of the uranium producer with a buy rating, saying there is more than 25% upside. Microsoft — Microsoft shares rose 0.7% following a report from The Information, citing unnamed sources, saying Microsoft and OpenAI are planning a $100 billion data center project. Super Micro Computer shares rose 2.5%. Universal Health Services — Shares fell after Universal Health Services said in a regulatory filing its subsidiary Pavilion Behavioral Health was ordered to pay $60 million in compensatory damages and $475 million in punitive damages. MicroStrategy — Shares slipped more than 3% after Michael Saylor, executive chairman of MicroStrategy, sold nearly 4,000 shares of MicroStrategy stock last week, according to a regulatory filing .

Persons: Cameco, Goldman Sachs, Semtech, Robinson, Brandon Oglenski, Bill Holdings, Wells, Bill, Tesla, Tommy Bahama, Michael Saylor, InterDigital's, — CNBC's Brian Evans, Lisa Kailai Han, Alex Harring, Tanaya Macheel, Jesse Pound Organizations: Micron Technology —, Bank of America, Microsoft, Western Digital, Micro Computer, Hunt Transport, C.H, Barclays, . Oxford Industries, Citi, Universal Health Services, Behavioral Health Locations: North America

☆ Stocks making the biggest moves premarket: Micron Technology, 3M, AT&T, Delta Airlines and more
▼ + stars: | 2024-04-01 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Micron Technology — Shares ticked up roughly 1.1% after Bank of America increased its price target on the chipmaker, with the analyst forecasting high-bandwidth memory technology demand will grow to more than $20 billion by 2027. 3M — Shares of the manufacturer rose nearly 3% Monday. Barrick Gold, Royal Gold — The gold miner and gold royalty company, respectively, rose 2% and 1.7%. Delta Airlines — Shares climbed about 2% after Morgan Stanley named the Atlanta-based airline stock a top pick for 2024. UPS — Shares ticked up nearly 2% following news that the shipping company would become the primary air cargo provider for the United States Postal Service.

Persons: Robinson, Brandon Oglenski, Barrick, Wells, Morgan Stanley, Michael Saylor, —, Lisa Kailai Han, Jesse Pound, Alex Harring Organizations: Micron Technology, Bank of America, Hunt Transport, C.H, Barclays, Federal, Devon Energy, Delta Airlines, UPS, United States Postal Service Locations: Wells, Atlanta

☆ S&P 500 futures are little changed Monday evening: Live updates
▼ + stars: | 2024-04-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange on April 1, 2024. Futures tied to the S&P 500 were little changed Monday night after the broad market index and the Dow Jones Industrial Average slipped to begin April. S&P 500 futures and Nasdaq 100 futures each dipped lower by less than 0.1%. Futures tied to the 30-stock Dow slipped 118 points, or 0.3%, as shares of UnitedHealth fell. To conclude Monday's session, the Dow fell nearly 241 points, or 0.6%, while the S&P 500 slid 0.2%.

Persons: Dow, UnitedHealth, David Miller, — Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Medicare, Services, Humana, CVS Health, Federal Reserve, Catalyst Capital Advisors, CNBC, Labor, Survey Locations: UnitedHealth

☆ Here are JPMorgan's top stock picks heading into April
▼ + stars: | 2024-04-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

JPMorgan added two new names to its list of top stocks as April begins — Bank of America and CarMax . However, his price target of $35 implies that shares could fall 8% from their Thursday close. On the other hand, analyst Rajat Gupta views CarMax as a short idea, with his $60 price target suggesting approximately 31% downside from where the stock closed on Thursday. Here are some of the top picks that made JPMorgan's list: Growth stock Danaher is one returning name to the list. Analyst Tami Zakaria's $385 price target corresponds to a further 5% rally from the stock's Thursday close.

Persons: Vivek Juneja, Juneja, Rajat Gupta, CarMax, Rachel Vatnsdal's, Tami Zakaria's, — CNBC's Michael Bloom Organizations: JPMorgan, — Bank of America, Bank of America, of America, " Bank of America, Caterpillar

☆ 'Too few college-educated men': A look at why many women undergo egg freezing, and the costs associated with it
▼ + stars: | 2024-03-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +6 min

Women who choose to undergo reproductive technology procedures such as egg freezing face a long road riddled with obstacles. Here's a look into the driving forces behind egg freezing and the financial, social and emotional costs that come with it — based on personal experiences from women across the country. She wanted to remove some of the stigma around egg freezing and give her followers an inside look at the arduous process. The benefits are high, but so are the costsWhile the benefits of egg freezing are certainly enormous, so too are the associated costs. Many women need multiple egg freezing cycles, especially as they grow older and egg number and quality begin to deteriorate.

Persons: Lynn Curry, cryopreservation dewar, Roselle Chen, That's, Marcia Inhorn, Inhorn, Nicole Noyes, Aimee Eyvazzadeh, Noyes, Eyvazzadeh, Serena Kerrigan, Kerrigan, Jenny Hayes Edwards, Hayes Edwards Organizations: Huntsville Reproductive, Reuters, Life Sciences, Women, Yale University, CNBC, Nutrition Locations: Huntsville, Madison , Alabama, U.S, Alabama, United States, America, New York, California, Colorado

The 2-year Treasury yield was last up by 6 basis points at 4.63%. The yield on the 10-year Treasury had risen 1 basis point to 4.21%. The 2-year Treasury yield ticked higher Thursday as investors considered the path ahead for interest rates following comments from a Federal Reserve official and prepared for key inflation data. Investors weighed the outlook for monetary policy and looked ahead to key economic data as uncertainty around when and how often interest rates will be cut this year persists. Federal Reserve Governor Christopher Waller on Wednesday said there was "no rush" to cut interest rates, adding that recent economic data indicated that rates may need to stay elevated for longer.

Persons: Christopher Waller, Waller, Dow Jones Organizations: Treasury, Federal Reserve, Investors, Federal, PCE

The yield on the 2-year Treasury yield was flat at 4.593%. The 10-year U.S. Treasury yield fell slightly on Tuesday as investors weighed the previous day's data points and looked ahead to key inflation figures later in the week. Last week, the central bank indicated that rates will fall this year, although Chairman Jerome Powell stressed that the economic outlook remains uncertain. The Dallas Fed manufacturing index for March also fell to -14.4, below expectations, although the Chicago Fed national activity index improved. There are also several auctions on the slate, including of 17-week, 4-week and 8-week Treasury bills.

Persons: Jerome Powell, Raphael Bostic, Jim Reid, Reid Organizations: Treasury, Federal Reserve, Atlanta Fed, Deutsche, Dallas Fed, Chicago Fed, Richmond Locations: U.S

☆ These are JPMorgan's top AI stock picks outside of the chip space
▼ + stars: | 2024-03-24 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Overall, Chatterjee said that the AI cohort is trading at a 55% premium relative to the non-AI basket. While that may be the case, the top AI picks still remain attractive — including a few names outside of the chip space, he wrote. In the same note, Chatterjee released a list of his top AI stock picks. One of Chatterjee's top AI picks is PC and server manufacturer Dell . The stock "trades at one of the most inexpensive multiples relative to the AI Group despite the robust premium relative to its own historical average," he wrote.

Persons: Stocks, Samik Chatterjee, Chatterjee, Dell, Goldman Sachs, Michael Ng Organizations: JPMorgan, Nvidia, Apple, Big Tech, Dell, Arista Networks, Arista

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