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☆ The year is half over. Here are three considerations to make sure your portfolio is on track
▼ + stars: | 2023-06-13 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Rebalance your portfolio Tech's remarkable bounce in 2023 could result in a significant portfolio tilt toward that sector — and an overconcentration that could hurt in the event there's a downturn. That means it's time to trim down a few of those oversized positions and make sure your asset allocation is properly reflecting your goals. Check in with cash Cash is another asset that requires your attention, especially in an era when investors have a host of options of where keep those funds. Cash you don't need for many years can go right back into your stock portfolio so you can keep ahead of inflation, Pearce said. "Make sure you have an appropriate amount of cash, and make sure you're not sitting on an enormous pile of cash that's doing nothing," he added.

Persons: Jorrell Bland, Josh Brown, Tony Roth, haven't, Wilmington Trust's Roth, Roth, Cash, Jerrod Pearce, Goldman Sachs, Marcus, Pearce, — CNBC's Michael Bloom Organizations: Nasdaq, Federal Reserve, Mitlin, Ritholtz Wealth Management, Wilmington Trust Investment Advisors, JPMorgan Equity, Wilmington, Creative Planning, Bread, Bread Financial, Citizens Financial, Treasury Locations: Wilmington, Treasurys

☆ Goldman Sachs raises year-end S&P 500 target to 4,500, anticipating 5% upside
▼ + stars: | 2023-06-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

Goldman Sachs is boosting its year-end target on the S & P 500 to 4,500, citing a broadening rally that goes beyond the largest tech names. The new target represents about 5% upside from current levels on the broad-market index and is an increase from Goldman's previous target of 4,000. The S & P 500 is up nearly 12% this year. Though a handful of Big Tech stocks — namely Apple , Microsoft , Alphabet , Amazon , Nvidia , Meta and Tesla — are some of the highest fliers in the S & P 500 this year, other sectors are perking up . Check out CNBC's Market Strategist Survey here to see Wall Street's latest year-end targets.

Persons: Goldman Sachs, David Kostin, Kostin, Tesla, — CNBC's Michael Bloom Organizations: Big Tech, Apple, Microsoft, Nvidia, Meta

☆ Stock futures are little changed on Wednesday night as rally hesitates: Live updates
▼ + stars: | 2023-06-07 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

Stock futures were flat on Wednesday evening, as investors await the next market catalyst. Futures linked to the S&P 500 ticked lower by 0.04%, while Nasdaq 100 futures inched down by 0.09%. Futures tied to the Dow Jones Industrial Average dropped 17 points or 0.05%. During the regular session Wednesday, the S&P 500 and the Nasdaq Composite appeared to take a breather from their recent rally. "It's widely expected they will pause, but it's really going to be important what their guidance is and what the [consumer price index] number on Tuesday will be and the [producer price index]."

Persons: Matthew Furlong, Ryan Cohen, Dow, Barbara Doran, it's, Jeff Cox Organizations: Nasdaq, Dow Jones, GameStop, Fed, BD8 Capital Partners, Federal

☆ Stocks making the biggest moves midday: Affirm, Warner Bros. Discovery, Stitch Fix, Campbell Soup and more
▼ + stars: | 2023-06-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Affirm — Shares of the payments company surged 6% after Affirm and Amazon announced a new compatibility feature. Stitch Fix — The stock soared about 32% after the online personalized styling service company reported a narrower-than-expected loss for the fiscal third quarter. Stitch Fix posted a loss of 19 cents per share, compared with the 30-cent loss per share anticipated by analysts, according to Refinitiv. The company reported first-quarter earnings of $1.45 per share, while analysts polled by Refinitiv called for $1.24 per share. Revenue fell short of expectations, however, coming in at $597 million, versus the $602 million estimated by Wall Street.

Persons: Chris Licht, Buster's, Dave, Refinitiv, Morgan Stanley, Rosenblatt, Campbell, Canaccord Genuity, Coinbase, Wood, —, Jesse Pound, Brian Evans, Darla Mercado Organizations: Amazon, Revenue, Warner Bros, Dave, Wall Street, GameStop, FactSet, Petrobras —, StreetAccount, U.S . Securities, Exchange Commission Locations: Refinitiv

☆ Federal judge blocks Florida's ban on gender-affirming care for 3 trans youths
▼ + stars: | 2023-06-06 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

A federal judge in Florida issued a preliminary injunction that will permit three transgender children to receive puberty blockers, even as the state has banned gender-affirming care for minors. Judge Robert Hinkle on Tuesday said the three youths, who are children of the plaintiffs in the case, may receive GnRH agonists, known as puberty blockers. This suit challenges legislation in Florida that bans gender-affirming care for minors, which Gov. The organization estimates that more than 30% of transgendered youth ages 13 to 17 reside in states where they can't access care. Thus far, 20 states have passed laws or policy that ban gender-affirming care for individuals up to age 18, the HRC found.

Persons: Robert Hinkle, Ron DeSantis, Hinkle, DeSantis Organizations: U.S . House, U.S, Capitol, Human, HRC Locations: Florida

☆ D.A. Davidson downgrades Apple to neutral, says Vision Pro is already priced into the stock
▼ + stars: | 2023-06-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Davidson is downgrading Apple to neutral from buy, saying that any good news from the new Vision Pro mixed-reality headset launch is already reflected in the company's share price. He noted, "Vision Pro already in the stock." Apple announced the $3,499 Vision Pro earlier Monday at its Worldwide Developers Conference . The availability of content is another hurdle for the tech giant, even though Disney+ will be available on the Vision Pro , the firm said. "In our view Meta Platforms stands to benefit from Apple driving consumer adoption and because it offers hardware at much lower prices," Forte wrote.

Persons: D.A, Davidson, Tom Forte, Forte, Michael Bloom Organizations: Apple, Worldwide Developers, Disney, Vision, Facebook

☆ Student loan payments will resume soon, and that’s bad news for these retailers, UBS says
▼ + stars: | 2023-06-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Consumers will tighten their purse strings as federal student loan payments resume, and a slew of retail stocks could take a hit, UBS found. That lagging performance is expected to continue, especially since the debt ceiling legislation includes a provision that will end a pause on federal student loan payments by September, according to UBS analyst Jay Sole in a Sunday report. "Our new analysis of U.S. consumers with student loans suggests they are likely to disproportionately reduce spending on softgoods vs. other categories as they shift funds to paying down student debt," said Sole. For instance, nearly 37% of student loan consumers bought Nike products, compared with about 29% of all U.S. adults. About 62% of the consumers polled agreed with the statement, "My philosophy of spending is 'Live for today because tomorrow is so uncertain,'" the bank found.

Persons: Jay Sole, — CNBC's Michael Bloom Organizations: UBS, Eagle Outfitters, Nordstrom, Nike Locations: Crocs, Canada, U.S

☆ The U.S. reached a deal on the debt ceiling. Here’s what might be next for investors in Treasurys
▼ + stars: | 2023-06-04 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

The worst of the debt ceiling crisis is over now that lawmakers have passed a bill and sent it to President Joe Biden for signing, but investors are about to see an influx of Treasury securities enter the market. A large issuance of new Treasurys could push down prices of holdings in investors' portfolios. While large investors scoop up the new T-bills, the extent to which individual investors capture the benefit will also depend on the Federal Reserve's policy stance. "As you get past the debt ceiling, getting paid on your cash is still a concern, and doing it with T-bills where you still get a 5% yield is attractive," Tannuzzo said. "Interest rates have been so low, and to see 4%, 5% on T-bills – you can make money on money, and that's wonderful," Shagawat said.

Persons: Joe Biden, Morgan Stanley, Gene Tannuzzo, Tannuzzo, James Shagawat, Greg McBride, Shagawat, Treasurys, he's, Michael Bloom Organizations: Treasury, Columbia, Federal, Federal Reserve, AdvicePeriod

☆ Stocks making the biggest moves after hours: Lululemon, MongoDB, Five Below and more
▼ + stars: | 2023-06-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Lululemon — Lululemon's stock popped 12% after the athletics apparel retailer posted better-than-expected fiscal first-quarter earnings and lifted its full-year guidance. However, Five Below posted revenue of $726 million, compared with Wall Street's forecast of $728 million. PagerDuty reported adjusted earnings per share that beat Wall Street's estimates, but issued weaker-than-expected revenue guidance. The electric vehicle charging stock beat Wall Street's earnings expectations but shared light guidance for the current quarter that was below consensus estimates. SentinelOne — SentinelOne shares cratered 34% after the bell as the cybersecurity company cut its revenue guidance and fell short of Wall Street's revenue expectations in the most recent period.

Persons: MongoDB, Asana, Darla Mercado Organizations: Broadcom, Revenue Locations: San Diego , California, FactSet

☆ Stocks making the biggest moves after hours: C3.ai, Nordstrom, Salesforce, CrowdStrike and more
▼ + stars: | 2023-05-31 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Nordstrom — Shares of the high-end department store jumped 9% in extended trading after its fiscal first-quarter sales beat Wall Street's expectations. CrowdStrike — The cybersecurity firm's stock tumbled nearly 12% in after-hours trading after the company reported slowing revenue growth. CrowdStrike reported quarterly revenue of $692.6 million, marking a 42% year-over-year increase, which is slower than the 61% growth it reported in the year-ago quarter. C3.ai expects to see fiscal first-quarter revenue of between $70 million and $72.5 million, which is less rosy than Wall Street had expected. Analysts called for earnings of 4 cents per share on $559 million in revenue, according to Refinitiv.

Persons: Nordstrom, Salesforce, CrowdStrike, Okta, Chewy, —, Darla Mercado Organizations: StreetAccount, Revenue, Wall Locations: Refinitiv

☆ Stocked up on short-term T-bills? Here’s why it might be time to buy longer-term bonds
▼ + stars: | 2023-05-26 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Short-term Treasury bills have garnered investors' attention as yields pop amid the Federal Reserve's rate hiking campaign and debt ceiling tensions in Washington. This doesn't necessarily mean it's time to cut bait on your short-term bond holdings, however. Issues with longer duration are likely to see greater price fluctuation in response to changes in interest rates. The inverted yield curve also resulted in higher yields for short-term issues, but sharp price declines. Some investors built ladders — that is, a portfolio of bonds with different maturities — to take advantage of those higher yields.

Persons: Paul Olmsted, Bonds, Olmsted, we've, Brenna McLoughlin, Kevin Brady, Callie Cox, Cox Organizations: Morningstar, Treasury, Wealthstream Advisors, Wealthspire Advisors Locations: Washington

☆ Stocks making the biggest moves after hours: Gap, Marvell Technology, RH, Ulta and more
▼ + stars: | 2023-05-25 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Gap — Shares surged 15% in the postmarket following the retailer's earnings report, which showed a major improvement in margins. Revenue was a hair below expectations, coming in at $3.28 billion, while analysts polled by Refinitiv anticipated $3.29 billion. Marvell Technology — Shares jumped 14% in post-bell trading after the semiconductor producer beat analysts' expectations for its first quarter. RH — Luxury retailer RH slipped 3% after hours as weak guidance for the current quarter pulled attention from strong first-quarter earnings. Still, RH beat expectations on revenue in the first quarter, posting $739 million compared with analysts' forecast of $727 million.

Persons: Refinitiv, Ulta, Zane Rowe, Marvell, Darla Mercado Organizations: Revenue, Costco, Refinitiv, VMware, Marvell Technology —, —

☆ MLB roundup: Surging Cardinals down Dodgers for fourth straight series win
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +12 min

Cardinals starter Jack Flaherty allowed three runs on four hits and four walks with five strikeouts in 4 2/3 innings. Yankees 4, Reds 1Harrison Bader belted a two-run homer and Luis Severino pitched effectively into the fifth inning in his season debut, lifting New York past host Cincinnati. The 2-0 cushion proved enough to send the Phillies to a second straight win after losing five straight. In his fourth appearance, the left-hander went six innings and allowed one run on one hit, one walk and a career-high seven strikeouts. Mariners starter George Kirby (5-3) pitched seven innings and allowed three runs on six hits, one walk and six strikeouts.

☆ Get paid for doing nothing: What you should know about cash sweep accounts
▼ + stars: | 2023-05-19 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Doing nothing pays these days — at least that's the case if you're talking about cash that's sitting in your brokerage account. Consider Fidelity Investments is offering a 2.6% APY on its cash management account, but LPL Financial pays 0.45% on its insured cash account for clients with $300,000 to $500,000 in household value. First, examine your goals for the money before you shop around for cash sweep rates. Finally, if you do pile cash into your sweep account, think about the tax implications of doing so. Some firms offer different options for investing your cash sweep account, including a municipal money market fund for investors who reside in high-tax states.

☆ Student loan payments are set to resume. Here's a potential winning play for investors, BofA says
▼ + stars: | 2023-05-17 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Federal student loan debt repayments are expected to resume later this year – and one winning stock could emerge from the fallout, according to Bank of America. Payments on federal student loans have been on hold since 2020 as part of pandemic relief measures. The Supreme Court is weighing President Joe Biden's student loan forgiveness plan, and repayments on federal student loans are expected to resume 60 days after the court makes its decision. But SoFi Technologies could benefit from the resumption of loan payments as borrowers try to refinance their federal student loans, Bhatia said. Refinancing may make sense if the original federal loans have a higher rate than what's available through a private lender.

☆ Your brokerage is paying more for your idle cash. These firms are boosting rates, BofA says
▼ + stars: | 2023-05-12 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Select brokerage firms are boosting the rates they pay on idle cash just sitting in retail investors' accounts. Vanguard recently boosted its cash sweep rate to 3.5% from 3.25%, Bank of America found, while Fidelity Investments is now offering a 2.6% rate on cash . LPL raised its cash sweep rate as much as 60 basis points for its wealthiest clients, BofA found. Subscribers to Robinhood Gold , a service that gives clients access to market research, offers a 4.65% interest rate on cash. Clients who don't participate in Robinhood Gold are eligible for a 1.5% rate on their idle cash.

☆ Washington is at an impasse on the debt ceiling. Here’s what that might mean for your portfolio
▼ + stars: | 2023-05-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Income-focused investors seeking yield and safety in Treasury bills are likely nervous as debt ceiling rhetoric heats up in Washington, but they should take a breather before they dump these assets. In the short-term Treasury market, investors are already showing some signs of anxiety. In that case, holders of short-term T-bills could see declines in their portfolio values as yields spike, he added. Review your holdings Now could be a good time to review your bond holdings, particularly the short-term T-bills that are seeing a big jump in yields. But the longer-term advice is to snap up longer-dated bonds to prepare for the day the Federal Reserve starts to dial back its tight monetary policy.

Persons: Joe Biden, Biden, Kevin McCarthy, Hakeem Jeffries, Janet Yellen, Yellen, Kathy Jones, Gustavo Schwenkler, Jones, Thomas McLoughlin, McLoughlin, Christine Benz, Jamie Hopkins, — CNBC's Michael Bloom Organizations: Treasury, Schwab Center, Financial Research, Santa Clara University Leavey School of Business, Federal Reserve, UBS, Morningstar, Carson Group Locations: Washington, D, U.S

☆ Apple and fintechs like Robinhood chase yield-hungry depositors as Fed rate hikes continue
▼ + stars: | 2023-05-05 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +9 min

Last month, the iPhone maker launched its Apple Card savings account with a generous 4.15% APY in partnership with Wall Street giant Goldman Sachs . "It's really a trade-off for consumers, between safety or the appearance of safety, and yield," Laplanche told CNBC. Still, the emerging group of high-yield savings products are much more mainstream than what the crypto platforms were promoting. SoFi launched its high-yield savings account in February of last year. In its annual SEC filing, the company said that offering checking and high-yield savings accounts provided "more daily interactions with our members."

☆ Unemployment rate sinks in April for Black and Hispanic workers, but holds steady for Asians
▼ + stars: | 2023-05-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

The unemployment rate slipped for Black and Hispanic workers in April, but it remained stable for Asian workers. The U.S. unemployment rate inched down to 3.4% last month, according to the U.S. Bureau of Labor Statistics. Unemployment dipped sharply for Black workers, declining to 4.7% in April from 5% in the previous month. For Asians, the unemployment rate held steady at 2.8%, the same as it was in March. With the overall unemployment rate under 4%, the difference in rates between racial demographic groups is also narrowing, she added.

☆ Stock futures fall after the Federal Reserve hikes rates and bank contagion fears return: Live updates
▼ + stars: | 2023-05-03 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Stock futures fell after the Federal Reserve hiked rates by another 25 basis points and investors' fears of contagion in the regional bank space returned. S&P 500 futures shed 0.46%. Regional bank shares sold off hard, with Western Alliance tumbling nearly 30% and Zions Bancorporation dropping nearly 12%. Since the closure of Silicon Valley Bank in March, First Republic has joined the ranks of failed institutions and was recently taken over by JPMorgan Chase. "I believe with a very high degree of probability there's going to be further regional bank failures."

☆ Online banks sweeten CD rates as institutions compete for deposits
▼ + stars: | 2023-05-03 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Online banks are boosting rates on savings accounts and certificates of deposits as fear of deposit flight plagues regional institutions. Bread offers an annual percentage yield (APY) of 5.2% on a one-year CD and 4.65% APY on savings accounts. Capital One has an APY of 3.75% on its savings account, and it pays 4.15% APY for a one-year online CD. Other online institutions paying attractive rates on one-year CDs include Synchrony Financial, which pays 4.75% APY, and Ally Bank, which offers a 4.5% APY. Analysts expect higher rates from online banks to spur other institutions to raise their deposit betas – that is, the amount by which rates paid to customers increases following a boost in the fed funds rate.

☆ Watch Fed Chief Jerome Powell speak after central bank raises interest rates for a 10th time
▼ + stars: | 2023-05-03 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: 1 min

If Federal Reserve members are correct, it may take some time for rate cuts to seem plausible, said Chair Jerome Powell. "We on the committee have a view that inflation is going to come down not so quickly," he said. "It will take some time, and in that world, if that forecast is broadly right, it would not be appropriate to cut rates and we won't cut rates." He added that demand and labor market conditions will likely need to weaken some more to see progress within non-housing services and deem rate cuts "appropriate." — Samantha Subin

☆ Stocks making the biggest moves after hours: Arista Networks, Chegg, MGM Resorts, Stryker and more
▼ + stars: | 2023-05-01 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Arista Networks — The cloud networking company slid 7% despite beating analysts' expectations for the first quarter. Arista saw $1.43 in adjusted earnings per share in the quarter on $1.35 billion in revenue, while analysts polled by Refinitiv expected $1.34 per share on $1.31 billion. Separately, the company beat analysts' expectations for adjusted earnings per share and revenue in the first quarter, according to Refinitiv. Diamondback reported $4.10 in earnings per share, less than the $4.33 consensus estimate of analysts polled by FactSet. The company posted 44 cents in adjusted earnings per share, smashing the consensus estimate of 10 cents per share, according to Refinitiv.

The ruling Colorado Party has dominated Paraguayan politics for the last three-quarters of a century, in power for all but five years. "We never talked about politics before, because a win for the Colorado Party was a done deal," 40-year-old bank worker Gustavo Vera told Reuters in the capital. "There's more corruption in Paraguay than work... All I know is we have to work much harder to make ends meet." The U.S. Treasury earlier this year imposed sanctions on party chief Horacio Cartes and Vice President Hugo Velazquez, citing "rampant corruption." Alegre, on his third presidential campaign, has pulled together a broad alliance of independent parties to challenge the powerful Colorado political machine.

☆ Elon Musk's potential plan for turning Twitter into a super app is an uphill battle. These are the 3 biggest things holding the strategy back, according to experts.
▼ + stars: | 2023-04-27 | by ( Paige Hagy | ) www.businessinsider.com time to read: +8 min

And while he's never publically detailed specific plans for a super app, recent changes at Twitter offer some clues. He first teased his intentions to transform Twitter into a super app called "X" prior to acquiring it in October 2022. It 'makes no sense' to build on TwitterFor starters, Twitter is a peculiar place to build a super app, some experts said. A super app in the US is difficultPerhaps a bigger issue not specific to Musk's plans for Twitter is whether a super app in the US is even possible. So if anyone can build a super app in the US, it would be him.

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