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☆ Here are Thursday's biggest analyst calls: Apple, Nvidia, Snowflake, Coinbase, Skechers, Tesla, Berkshire Hathaway & more
▼ + stars: | 2024-02-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Thursday's biggest calls on Wall Street: Macquarie downgrades Sony to neutral from buy Macquarie said it sees a more balanced risk/reward for the entertainment company. "With Sony near our target price and market expectations at risk given lacklustre FY3/25 guidance, we are downgrading to Neutral." Deutsche Bank reiterates Rocket Lab as a top pick Deutsche said it's standing by its bullish status on the space company. " Bank of America initiates Super Micro as buy Bank of America said the server and storage solutions company is an AI beneficiary. Bank of America reiterates Uber as buy Bank of America said it's feeling more bullish after the company's investor day.

Persons: Macquarie, Davidson, DA, Piper Sandler, Piper, KeyBanc, Evercore, Skechers, Price, Bernstein, underperform Bernstein, Redburn, Eastman, Morgan Stanley, Wells, Morgan Stanley downgrades, Guggenheim, Generac, Uber, Tesla, KBW, Berkshire Hathaway Organizations: Macquarie, Sony, JPMorgan, Deutsche Bank, Deutsche, Nvidia, Citi, FedEx, Apple, HSBC, GE Healthcare, GE, Crypto, UBS, Downside, Eastman Chemical, Comcast, Cisco, Cliffs, Steel, " Bank of America, Air Products, of America, Linde, Bank of America, Micro, Inc, Guggenheim, Mizuho, Energy, BMO, CNBC, & $ Locations: Nashville, China, Morgan Stanley downgrades Cleveland

NEW YORK (AP) — Several exclusive Xbox games will be soon making their way to rival consoles, the video gaming brand and its parent company, Microsoft, announced Thursday. In a special edition of the Official Xbox Podcast, Microsoft Gaming CEO Phil Spencer confirmed that four Xbox games will no longer be exclusive. Microsoft has already been moving away from this through its “Game Pass” subscription service that works something like a Netflix for video games. The tech giant's recent acquisition of video game maker Activision Blizzard allows that service to grow even further. On Thursday, Xbox President Sarah Bond announced that the first Activision Blizzard game on Xbox Game Pass will be Diablo IV, starting March 28.

Persons: Phil Spencer, Spencer, “, ”, Indiana Jones, Sarah Bond, ” Bond Organizations: Microsoft, Bethesda, Netflix, Activision Blizzard, Activision, Xbox, PlayStation, Nintendo, Windows, Sony Locations: Diablo, Redmond, Washington

☆ Here are 10 undervalued stocks in our portfolio despite some of them around record highs
▼ + stars: | 2024-02-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +16 min

The PEG ratio, another valuation tool, starts with the price-to-earnings ratio and divides the P/E by estimated earnings growth. A good PEG ratio is 1 or lower. There is a major consideration when analyzing five-year valuation average comparisons: interest rates. The company's P/E ratio of 21.5 times is about 20% cheaper than peers and below its historical average of 29.6. Honeywell Price-to-earnings ratio (P/E): 19.4 P/E vs. peers: 10% cheaper P/E-to-growth ratio (PEG): 2.3 We like how Honeywell 's stock is valued post-earnings .

Persons: Bard, it's, Pacifico, Jim Cramer, Disney Price, Nelson Peltz, Jim, Peltz, Bob Iger, Honeywell Price, Nvidia Price, Nvidia's, Salesforce Price, we're, Wells Fargo, Charlie Scharf, Wynn, WYNN, Jim Cramer's, NVDA, New York Stock Exchange Michael Nagle Organizations: Apple, Microsoft, Meta, Nvidia, Google, Gemini, Amazon, Services, Constellation Brands, Modelo, Beer, Constellation, . Management, Disney, Management, Honeywell, Aerospace, Productivity Solutions, Starbucks, Wells, Silicon Valley Bank, Wynn Resorts EV, Wynn Resorts, Boston, WYNN, CNBC, New York Stock Exchange, Bloomberg, Getty Locations: FactSet, Corona, China, Israel, Wells Fargo Price, Wells Fargo, Silicon, Macao, Las Vegas

☆ These 3 stocks could lead the charge for a 19% surge in the S&P 500 to 6,000 this year, according to a market research firm that counts Wall Street's top banks among its clients
▼ + stars: | 2024-02-13 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Read previewThe S&P 500's 22% tear over the last few months may just be getting started, according to Sevens Report Research, a market research firm with clients that include top Wall Street banks like JPMorgan, Morgan Stanley, UBS, and more. On the valuations front, the S&P 500's multiple would only have to rise fairly slightly to lift the index to 6,000. "The S&P 500 is already trading with an elevated forward P/E multiple of over 20X expected 2024 EPS," he said. "If sentiment gets frothy, however, and stocks trade with a multiple pushing 22X, which is far from unheard of as the forward multiple of the S&P 500 hit 21.4 on 1/2/2022, then the S&P 500 could surpass 6,000 in H2'24." Essaye also said small-cap stocks cyclical sectors like big banks, and materials and transportation firms would do well in a soft-landing scenario.

Persons: —, Morgan Stanley, Tyler Richey, Richey, aren't, Louis Fed, Tom Essaye, Essaye, it's Organizations: Service, JPMorgan, UBS, Business, Investor, CNN, Federal Reserve, Nvidia, Amazon Locations: H2'24

The vast majority — nearly $40 million — went to law firms working on his personal legal problems. But significant portions of their donations went to law firms defending Trump in civil cases involving his real-estate empire and its top executives, including Donald Trump Jr., Eric Trump, and Ivanka Trump. Only about $861,000 was spent on law firms working exclusively on political issues. Where there were gaps, we contacted law firms and individual lawyers who received money from the PACs. In 2021 and 2022 combined, Trump spent $16 million on legal fees through the Save America PAC.

Persons: Donald Trump, Trump, —, MAGA, Trump's, Donald Trump Jr, Eric Trump, Ivanka Trump, Stormy Daniels, Jean Carroll, Robert, Clifford S, Michael Cohen, — Troutman Pepper Hamilton Sanders, Kellogg, Hansen, Todd, Figel, Frederick —, Madaio, Alina Habba, Michael Madaio, Hillary Clinton, James Comey, Mary Trump, general's, Carroll, Trump —, Joe Tacopina, Chad Seigel, Christopher Kise, Jesus M, Suarez, Eli Bartov, Bryan Woolston, Silverman Thompson Slutkin, White, Evan Corcoran, Todd Blanche, Cadwalader, Taft, Blanche, Attorney Alvin Bragg's, Daniels, Susan Necheles, John Lauro, who's, Steven H, Drew Findling, Jennifer Little, Jesse R, it's, Jim, John Rowley, Eduardo Munoz Alvarez, Allen Weisselberg, Weisselberg, perjured, ArentFox Schiff, Jeff McConney, Stanley Woodward, Stanley Brand, Carlos de Oliveira, John S, Irving of, Boris Epshteyn, Kenneth Chesebro, Troutman Pepper, Ivanka, Newsmax, Harmeet, Dhillon, Bradley T, Morvillo Abramowitz, David Pecker, Elkan Abramowitz, Greenberg Traurig, Ballard Spahr, Mintz, Levin, Cohn, Ferris, Corey Lewandowski, Robert Mueller's, Jones, Andrew Kelly, It's, Forbes, defaming Carroll, he's Organizations: Service, Trump, Save America PAC, Make, Trump Organization, Politico, Reuters, New, Associates, Democratic National Committee, The New York Times, Times, Continental LLP, Inc, AP, Attorney, Capitol, Law, Taft, Brand Woodward Law, Irving of Earth & Water Law, Ivanka Trump, Republican National Committee, Save, MAGA, Curve Solutions, National Enquirer, Republican, MAGA PAC, Bloomberg Locations: New York, Georgia, Carroll, Manhattan, Florida, York, Washington, DC, Wickersham, Attorney Alvin Bragg's Manhattan, Fulton County , Georgia, codefendants, MAGAworld, Robert Mueller's Russia

☆ Opinion: Tom Suozzi wins New York election in a vote for normalcy
▼ + stars: | 2024-02-13 | by ( Opinion Max Burns | ) edition.cnn.com time to read: +6 min

Suozzi struck a tough tone on immigration, while Pilip seemed to drag her feet in acknowledging she had voted for Republican presidential frontrunner Donald Trump. Suozzi continued that theme into his victory speech on Tuesday night, emphasizing that voters want politicians who will fix problems. Progressive Democrats laid the blame for Santos’ election and Republicans’ strong 2022 performance squarely at the feet of New York state Democratic Party chair Jay Jacobs. As a first-time congressional candidate facing a Democratic funding juggernaut, Pilip was outmatched by Suozzi at the debate and in field operations. After an eventful year and a half of Santos, voters were justifiably afraid of gambling on yet another political newcomer.

Persons: Max Burns, ’, Joe Biden’s, Donald Trump, Max Burns Adrian Letechipia, Republican George Santos, George Santos, Santos, That’s, Tom Suozzi, Mazi Pilip, Pilip, Suozzi, Alejandro Mayorkas, They’ve, ”, Johnson, he’s, Suozzi’s, Biden, Jay Jacobs, Alexandria Ocasio, Cortez, Jacobs, Joe Biden, Pilip couldn’t Organizations: Democratic, Twitter, CNN, Democrats, Republican, Republicans, GOP, Progressive Democrats, Santos ’, Democratic Party, Jay Jacobs . New York Democratic Rep, House, Facebook, Biden Locations: New York, New York’s, Suozzi, waffling, Long Island, Queens, Pilip, Jay Jacobs ., Alexandria, Santos

Maternal syphilis rates increased each year of the study period, ranging from a 15% rise from 2017 to 2018 to a 32% rise from 2021 to 2022. Syphilis rates increased for mothers of all maternal age groups throughout the study period. Maternal syphilis rates increased across all racial and ethnic groups each year from 2016 to 2022. The maternal syphilis rate among white non-Hispanic mothers rose 315% from 2016 to 2022, while Hispanic mothers experienced an increase of 243%. Asian mothers had the lowest maternal syphilis rate of any racial or ethnic group in 2022, at 73.3 per 100,000.

Persons: Alaska –, Joe Biden, Debra Houry Organizations: Centers for Disease Control, Prevention’s National Center for Health Statistics, CDC, D.C, South Dakota ., ” Locations: U.S, Washington, Maine, South Dakota, New Mexico , Colorado , Mississippi, South Dakota , Montana, Alaska, Louisiana , New Jersey , New York , Ohio, Virginia , Idaho, Utah, Maine , Vermont, Wyoming

☆ A New York snowstorm is set to play a deciding factor in whether the GOP's narrow House majority shrinks even more
▼ + stars: | 2024-02-13 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAs voters in New York's 3rd Congressional District cast their votes in Tuesday's special election, heavy snowfall across the region may play a key role in downsizing the Republican Party's already narrow House majority. In the weeks leading up to the special election, polling indicated that Suozzi appeared to possess a 4 percentage point advantage over Pilip. Politico reported on February 10 that Suozzi, at the time, possessed a lead in reported early votes. Nevertheless, there's still hope for Pilip and the Republican Party: the aforementioned research report also noted that "poor weather" tends to benefit the GOP more than Democrats.

Persons: —, George Santos, Tom Suozzi, Republican Mazip Pilip, Suozzi, there's, Mike Johnson Bill Clark, Alejandro Mayorkas Organizations: Service, New, Congressional District, Republican, Rep, Democratic, Business, Politico, Republican Party, GOP, Inc, Getty, New York's, Homeland, Democratic Party Locations: New York's, Queens, Long, Santos, lockstep

CVS, which owns health insurer Aetna, on Wednesday slashed its full-year profit outlook, citing the potential for higher medical costs to bite into its profits. Last month, Humana said it saw an even bigger jump in medical costs in the fourth quarter. Higher medical costs may be a larger problem for Humana than they are for CVS and other insurers. They added that there is no other part of Humana's business that could meaningfully dampen the hit from higher medical costs on the insurance side. Another insurance giant that has been seeing higher medical costs, UnitedHealth Group, also has large health-care services and pharmacy operations that diversify its earnings streams.

Persons: Humana Organizations: CVS, Aetna, Medicare, Elevance, Humana, UBS, UnitedHealth

☆ The charts show the S&P 500 is at a very critical juncture. How to protect your portfolio
▼ + stars: | 2024-02-13 | by ( Todd Gordon | ) www.cnbc.com time to read: +5 min

I'm going to outline our approach to handling a possible pullback from all-time highs following the CPI that calls the 2024 Fed rate cuts into question. I'm using the S & P 500, Nasdaq-100 and an option hedge I may implement personally, and for my research and wealth management clients. Following a horrible bear market from 2021-2022 we spent most of 2023 rallying and here we are at new all-time highs. The S & P 500 weekly chart shows a basic 5-wave Elliott trend that consists of 3 separate market advances labeled as 1,3, and 5. The Nasdaq 100 just broke out to new all-time highs immediately following the 2nd worst correction since in 2000.

Persons: we've, Gordon Organizations: Nasdaq, Netflix, Spotify, Nvidia

☆ The market is in a sweet spot between Fed rate hikes and cuts, and a lot can happen
▼ + stars: | 2024-02-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. I think you need to focus on individual stocks which indicate that things are quite good," Jim Cramer said Monday. 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Cramer, Jim, Stocks, there's, Ford, Lowe's, Stanley Black, Decker, Eli Lilly, Jim Cramer's Organizations: CNBC, Federal Reserve, Arm Holdings, Broadcom, Nvidia, . Energy, Diamondback Energy, Endeavor Energy, Linde, JPMorgan, Home, Palo Alto Networks, Arista Networks, Cadence Design Systems, Waste Management, Jim Cramer's Charitable Locations: We're, Eaton, Palo

Special elections Tuesday could provide a high-stakes assessment of how suburban voters feel about the border, abortion rights, the two leading presidential candidates and whether the House of Representatives should be led by Democrats or Republicans. In another race, to fill a vacant seat in the Pennsylvania General Assembly, Democrat Jim Prokopiak is in a close race against Republican Candace Cabanas. But it’s the New York race that has the attention of election-watchers because of its amplified importance in the closely divided House of Representatives. Should Democrats prevail in the toss-up election, they'll flip the seat held by Santos and give themselves some momentum heading into November. Pilip has cast Suozzi as weak on border security, a powerful issue in a state where migrants have been transported after coming over the southern border.

Persons: George Santos, Democrat Jim Prokopiak, Republican Candace Cabanas, Santos, Don Levy, Tom Suozzi, Mazi, Levy, Pilip, Suozzi, Bill Cunningham, Tom Bonier, Bonier, Cunningham, Joe Biden Organizations: Democrats, Voters, Republican, Assembly, Democrat, York, GOP, Siena College Research Institute, Democratic, Rep, Federal, Commission Locations: , New York, Pennsylvania, York, New York

☆ AI ‘resurrects’ long dead dictator in murky new era of deepfake electioneering
▼ + stars: | 2024-02-12 | by ( Heather Chen | ) edition.cnn.com time to read: +7 min

“As a member of Golkar, I am very proud of Suharto because he successfully developed Indonesia,” Aksa wrote on X. The Golkar-produced Suharto video was just one of dozens featured in official party campaigns, they said. AI photos made by supporters, have also been used by Ganjar’s party in his campaign. Indonesia’s Communications Ministry issued advisories following several viral AI videos, warning tech companies and voters to be cautious of deepfakes. TAPP (Tim Advokasi Peduli Pemilu), a Jakarta-based nonprofit, said that videos like the Suharto deepfake showed AI’s potential for voter manipulation.

Persons: Suharto, ”, Erwin Aksa, Golkar –, Prabowo Subianto, –, ” Aksa, Golda Benjamin, Ganjar, Darryl Ramadhan, Muhammad Zulfan Dalimunthe, ” Budisatrio, Prabowo’s, Ganjar Pranowo, Anies Baswedan, Anies, ” Anies, TAPP, Tim Advokasi Peduli, Suharto deepfake, Gugum Ridho, Rahmat Pribadi, Suharto Suharto’s, Soe Tjen, Anton Pratama, “, ” Anton Organizations: CNN, Facebook, YouTube, Golkar, Asia Pacific, ”, Gerindra Party, Central Java Gov, Ganjar’s Democratic Party of, Jakarta Gov, Indonesia’s Communications Ministry, Getty, SOAS University of London Locations: Indonesia, Indonesian, Asia, Jakarta, Lubuk Pakam, North Sumatra, AFP, Gugum Ridho Putra, East Timor, Aceh, West Papua, Maluku, Yogyakarta

☆ Top Wall Street analysts pick these 3 dividend stocks for the long haul
▼ + stars: | 2024-02-11 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Investors ought to consider the insight of top Wall Street pros as they hunt for dividend stocks with solid fundamentals. Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Overall, he thinks that the company offers a compelling investment opportunity, given its high dividend yield and industry-leading position that enables it to benefit from long-term telecom trends. (See EPD Insider Trading Activity on TipRanks)MPLX LPOur third dividend pick is another midstream energy player, MPLX LP (MPLX). The analyst expects a cash distribution of $3.57 per unit in 2024 and $3.84 per unit in 2025.

Persons: Wall, Ivan Feinseth, TipRanks, Selman Akyol, Akyol, EPD, Elvira Scotto, Scotto Organizations: Verizon Communications, Tigress, Verizon, Enterprise Products, Enterprise Products Partners, Enterprise, MPLX, RBC Capital Locations: unitholders

☆ Palo Alto, Eli Lilly and Eaton are up big. Here are entry prices for new investors
▼ + stars: | 2024-02-11 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Palo Alto Networks , Eli Lilly , and Eaton rallied hard over the past 12 months — up 127%, 117% and 66%, respectively. This $315 level is also close to the 50-day simple moving average (red line). Eli Lilly Two potential entry points: $617 (the 50-day simple moving average) and $541 (the 200-day simple moving average) The 50-day simple moving average is $617, a roughly 16.5% pullback from current levels, while the 200-day simple moving average is $541, a 27% decline. Instead, keep a close eye on that 50-day moving average, looking for that gap between the moving average and the stock price to narrow. As we can see, $242 represents the current 50-day moving average, with $240 representing a level of resistance shares recently surpassed.

Persons: Eli Lilly, Eaton, it's, pullbacks, PANW, Mounjaro, they've, Jim Cramer's, Jim Cramer, Jim, George Frey Organizations: Palo Alto Networks, Big Tech, Palo Alto, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Provo , Utah

ITV has you covered with today's free England vs. Wales live stream. ITV1 is showing the England vs. Wales live stream today and will host two out of three games each weekend. Sign in/create a free login and watch England vs. Wales. How to watch England vs. Wales live stream in the USANBC is the exclusive broadcast partner for the Six Nations in the United States. How to watch England vs. Wales live stream in the UKITV and the BBC share the official broadcasts for the Six Nations 2024 edition in the UK.

Persons: ExpressVPN, Stan Organizations: Business, Nations, ITV, BBC, Wales, ITV1, Six Nations, England, USA NBC, Six, Australia Australian, Sports Locations: Ireland, England, Wales, France, USA, United States

☆ These stocks have upside heading into earnings ahead, Bank of America says
▼ + stars: | 2024-02-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

CNBC Pro combed through Bank of America research to find attractive stocks heading into earnings. Global Payments Analyst Jason Kupferberg is doubling down on shares of the payment processing company heading into earnings on Feb. 14 . "If executed well, we still think integrations between ESPN's media app and ESPN Bet could drive sustainable high-single-digit market share," he said. "We are Buy rated on PENN given stable regional gaming trends and upside opportunity from ESPN Bet," Kelley wrote. … While disappointing at face, turnarounds are never a straight line and we think investor expectations for PENN & ESPN Bet remain low.

Persons: it's, there's, Jason Kupferberg, Kupferberg, GPN, Tal Liani, Liani, Shaun Kelley, that's, Kelley, Penn Organizations: Nvidia, Bank of America, CNBC, Arista Networks, Penn Entertainment, Global, Arista, Microsoft, TAM, Penn, ESPN, ESPN Bet, PENN, SG, Enterprise, SAP, VMWare, Dell, Penn Ent, Interactive, … Locations: Bank, CY25, 2H24

☆ Biden officials confront limits of federal response in exercise preparing for 2024 election threats
▼ + stars: | 2024-02-09 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +11 min

Carolyn Kaster/AP/FileUS national security officials have to weigh whether publicly calling attention to disinformation might inadvertently amplify the very message they’re trying to bat down. In both scenarios, federal officials favored a muted public response, largely choosing to let state and local governments take the lead. State and local officials run elections and are more trusted voices in their communities, but how can federal officials act decisively to support them? “It’s a trick box,” said Adam Hickey, who worked on election security issues for the Justice Department’s National Security Division. “[W]e prioritize tabletop exercises that integrate the range of cyber, physical, and operational threats election officials may encounter,” Conley said in a statement to CNN.

Persons: “, ”, —, Carolyn Kaster, there’s, Biden, Xi Jinping, Kevin Lamarque, Joe Biden, deepfakes, ” Sen, Mark Warner, Kevin Dietsch, Francisco Aguilar, ” Aguilar, Donald Trump’s, Adam Hickey, Hickey, Cait Conley, DHS’s, ” Conley, –, ” CNN’s Evan Perez, Natasha Bertrand, Donie O’Sullivan, Katie Bo Lillis Organizations: Washington CNN, CNN, FBI, CIA, Homeland Security, Biden White, Jeffersonville Masonic, New Hampshire, Foreign Ministry, ”, Senate, Committee, White, Senate Intelligence, Virginia Democrat, Republican, Trump, Capitol, Justice Department’s National Security, “, Justice Department, Department of Homeland, National Security Council, US Army, DHS’s Cybersecurity, Infrastructure Security Agency Locations: China, Jeffersonville, Jeffersonville , Ohio, American, Woodside , California, Nevada, Russia, Iran, Russian, Iranian

And while the economy usually comes out on top as the issue for most voters, there are doubts over whether even a good economy is enough for Joe Biden to win a second term. Certainly, the improving economy – and most importantly an inflation rate that is trending back to the Federal Reserve’s desired 2% annual target – should be an asset for Biden. “Obviously perceptions of Biden and Trump are largely baked in and have been for a long time” says Lee Miringoff, director of the Marist Institute for Public Opinion. “We’re playing at the margins at best.”For Democrats, running on a good economy will present its own challenges. The wing nuts have disproportionate power.”Ramamurti still believes that Biden should emphasize the economy, saying, “I’m of the view that good news is good news.

Persons: Joe Biden, ”, Jose Torres, ” Powell, “, Biden, Al Capone, Alejandro Mayorkas, Bharat Ramamurti, Trump, Lee Miringoff, David Walker, Walker, “ There’s, ” Ramamurti, Ramamurti, Gregory Daco, Pollsters, Mark Zandi Organizations: Federal, Biden, Fed, Interactive, Republicans, Democrats, CBS, Trump, GOP, Homeland, National Economic Council, Marist, ”, Marist Institute, Public, Biden Administration, Republican, Democratic Party, Democrat, Dow Jones, Moody's Locations: Pennsylvania

☆ The S&P 500 will try to maintain its momentum next week after breaching 5,000, with key inflation data, earnings on deck
▼ + stars: | 2024-02-09 | by ( Sarah Min | ) www.cnbc.com time to read: +9 min

The S & P 500 broke past 5,000 for the first time ever this week, but investors will see if the momentum can stick in the week ahead with more inflation data and earnings results on deck. On Friday, both the S & P 500 and the Nasdaq Composite were headed for their fifth straight week of gains, and their 14th winning week in 15. FactSet data shows S & P 500 earnings are tracking to have risen 2.8% in the fourth quarter, which would be a second straight quarter of earnings growth, and some expect that positive momentum will remain intact in the weeks ahead. A cooler-than-expected print has the potential to be greeted with enthusiasm, sending the S & P 500 even higher. The S & P 500 is up by 5% this year, with Nvidia higher by more than 40%.

Persons: Jeremy Siegel, CNBC's, Siegel, Karim El Nokali, we've, Tony Welch, Dow, SignatureFD's Welch, there's, Welch, Russell, Jason Hunter, that's, Hunter, Matt Kishlansky, Biogen, Kraft Heinz, Generac Organizations: Treasury, Wharton Business, Nasdaq, Arista Networks, Marriott International, Occidental Petroleum, Deere, Applied Materials, Dow Jones, Wall, Nvidia, Arm Holdings, JPMorgan, New York Community Bancorp, Federal Reserve, Treasury Budget, Waste, CPI, MGM Resorts International, Akamai Technologies, Howmet Aerospace, Molson Coors Beverage, Hasbro, Price, Index, Philadelphia Fed, Retail, Manufacturing, Housing, PPI Locations: SignatureFD, U.S, Long, GenTrust, Albemarle, NAHB, Michigan

(AP) — When two early road losses threatened to derail No. 2 Purdue's Big Ten championship journey, the Boilermakers charted a different course. “We're just focused on winning games,” All-American center Zach Edey said after Sunday's 75-69 victory at then conference-leading and No. So instead of fretting about the early season missteps at Northwestern and Nebraska, they used the losses as fuel to keep chugging along. The Boilermakers took both titles last season, winning the regular-season crown by three games.

Persons: Matt Painter's, “ We're, Zach Edey, ”, Fairleigh, you've, ” Painter, Gene, Keady, It's, they're, Fletcher Loyer, Braden Smith, Forward Mason Gillis, Caleb Furst, Indiana's, Furst, Trey Kaufman, Renn, Lance Jones, Cameron Heide, ” Jones, “, ” Loyer, Zach Organizations: WEST LAFAYETTE, Big, Boilermakers, Purdue, Rutgers, Penn, Fairleigh Dickinson, NCAA, Michigan State, Saturday, Hoosiers, Big Ten, Indiana, Ohio State, Junior, Basketball, AP Locations: Ind, Wisconsin, Maryland, Northwestern, Nebraska, Southern Illinois

The sun is about to pull another disappearing act across North America, turning day into night during a total solar eclipse. Photos You Should See View All 15 ImagesHere's what to know about April’s extravaganza and how to prepare:WHAT HAPPENS DURING THE TOTAL SOLAR ECLIPSE? By a cosmic stroke of luck, the moon will make the month’s closest approach to Earth the day before the total solar eclipse. WHEN IS THE NEXT TOTAL SOLAR ECLIPSE? The next total solar eclipse, in 2026, will grace the northern fringes of Greenland, Iceland and Spain.

Persons: Kelly Korreck, Neil Armstrong's, won’t, NASA’s Organizations: Michigan —, Indianapolis Motor, Armstrong Air, Space Museum, NASA, Space, Pacific, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: North America, Texas, Oklahoma, New England, Canada, Mazatlán, Mexico, Newfoundland, U.S, — Tennessee, Michigan, Dallas, Rock , Arkansas, Indianapolis, Cleveland , Ohio, Buffalo , New York, Montreal, Seattle, Portland , Oregon, Africa, Tiffin , Ohio, Russellville , Arkansas, Wapakoneta , Ohio, Virginia, Greenland, Iceland, Spain, Alaska, Western Canada, Montana, North Dakota, Northern California, Cape Canaveral , Florida, Carbondale , Illinois

☆ Investing in Space: How bankers read a potential sale of rocket builder ULA
▼ + stars: | 2024-02-08 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +5 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. It's been widely reported over the last year that ULA parent companies Boeing and Lockheed Martin are considering offloading the rocket business. That's despite the successful debut of ULA's Vulcan rocket in early January, which I assumed would galvanize a sale. In the meantime, I've been curious to understand how ULA's sale is likely to play out. Boeing and Lockheed Martin are, and have been, looking to sell the rocket business for some time.

Persons: CNBC's Michael Sheetz, It's, Lockheed Martin, ULA, Tory Bruno, Jeff Bezos, hasn't, I've, it's Organizations: Boeing, Lockheed, Origin, Textron, SpaceX, U.S ., Glenn, Vulcan Locations: ULA

☆ These are the 25 cheapest stocks in a top-heavy market with limited upside and a historically strong chance of suffering from a correction: BMO
▼ + stars: | 2024-02-08 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

The same is true for the argument that the S&P 500 is already on the doorstep of even the most ambitious year-end price targets. BMO Capital Markets"The S&P 500 almost always experiences a technical correction at some point during the second year of bull markets historically," Belski wrote. Even if there's a typical 10% correction exacerbated by weakness in mega caps, Belski wrote that stocks can remain resilient. "Underlying leadership patterns are likely to be very different this year, with significantly more participation coming from non-mega-cap stocks," Belski wrote. BMO Capital MarketsBelow are the 25 cheapest stocks in the S&P 500, according to BMO Capital Markets, sorted by the lowest forward price-to-earnings (P/E) ratio.

Persons: Brian Belski, Belski, he's, they'll Organizations: Business, BMO Capital Markets, BMO Capital Markets BMO, BMO, BMO Capital Locations: Montreal

SCOTTSDALE, Ariz. (AP) — Sahith Theegala returned from a lengthy weather delay to finish off a 6-under 65, taking the early lead in the unfinished first round of the Phoenix Open on Thursday. Five days after weather shortened the AT&T Pebble Beach Pro-Am to 54 holes, storms followed the PGA Tour to the desert. Theegala broke through with his first PGA Tour win last fall at the Fortinet Championship, earning a spot in The Sentry to open the 2024 season. He chipped in on the par-4 second to start a run of three straight birdies before a bogey on No. 4 and had three straight birdies before the round was called because of darkness.

Persons: Sahith Theegala, Theegala, Andrew Novak, Kim eagled, Shane Lowry, Jordan Spieth, Scottie Scheffler, Steve Stricker, Chris Kirk, Kim bogeyed, Kim, Novak Organizations: Phoenix, Scottsdale, John Deere, PGA, Pepperdine Locations: SCOTTSDALE, Ariz, Maui, imbibe

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