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Elon Musk and other MAGA figures are onto a new fight: Who will be the next Senate Majority Leader. John Thune and John Cornyn. AdvertisementWith President-elect Donald Trump now on his way to the White House, his allies are settling on a new target: Getting a loyalist installed as Senate Majority Leader. Ahead of Mitch McConnell's long-awaited retirement from leadership, Republicans are set to choose a new leader on Wednesday of this week. John Thune of South Dakota, John Cornyn of Texas, and Rick Scott of Florida.
Persons: Elon Musk, MAGA, Sen, Rick Scott, Sens, John Thune, John Cornyn, Trump, , Donald Trump, Mitch McConnell's, John Thune of, John Cornyn of, Rick Scott of, Scott, Tucker Carlson, Robert F, Kennedy, Jr, Scott isn't, Kevin McCarthy, there's Elon Musk, Musk, Elon, Trump's, Cornyn, they'll, McConnell, that's, That's Organizations: Service, White, Republicans, Trump, GOP, Business, Senate Trump, Capitol, Republican, Punchbowl News Locations: Sens, John Thune of South Dakota, John Cornyn of Texas, Rick Scott of Florida, Florida, Texas, Ukraine
Wedbush's Dan Ives raised his price target on Tesla to $400 a share from $300, implying 24.5% upside from Friday's close. More love for longtime Club stock Nvidia : Morgan Stanley upped its price target on the AI chip king to $160 a share from $150 at Morgan Stanley. Club name Palo Alto Networks had its PT raised to $425 a share from $410 at Barclays. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Wedbush's Dan Ives, Donald Trump's, Trump, Wednesday's, Cigna, Morgan Stanley, Piper Sandler, Dell, Wells, Jim Cramer's, Jim Cramer, Jim Organizations: Trump, Nasdaq, Dow, Home, Disney, JPMorgan, Cisco Systems, Cisco, Humana, Medicare, Club, BlackRock, Deutsche Bank . BlackRock, House, Wolfe Research, Warner Bros, longtime Club, Nvidia, Melius, Dell Technologies, Bank of America, PT, Federal, Palo Alto Networks, Barclays, Analysts, Jim Cramer's Charitable, CNBC Locations: Ives, Wells, Alto, Palo
Piper Sandler names Nvidia a top pick The firm said Nvidia is a new top pick. Morgan Stanley reiterates Dell as overweight Morgan Stanley raised its price target on Dell to $154 per share from $136. Morgan Stanley reiterates Nvidia as overweight The firm raised its price target on Nvidia to $160 per share from $150. Wedbush reiterates Tesla as outperform The firm said Tesla remains well positioned. "We are raising our price target on Tesla to $400 from $300 as we believe the Trump White House win will be a gamechanger for the autonomous and AI story for Tesla and Musk over the coming years."
Persons: Wedbush, Piper Sandler, Bernstein, BURL, Morgan Stanley, Dell, DELL, Wolfe, underperform Wolfe, We've, WBD, Blackwell, Cabot, Tesla, Raymond James downgrades Bloomin, Raymond James Organizations: UBS, Vale, Nvidia, Blackwell, Citi, Apple, JPMorgan, Dell, Warner Bros, NBA, Deutsche Bank, Cisco, Orion, Trump White House, Bank of America Locations: China, Burlington, Brazil
The 10-year Treasury yield fell by less than one basis point to 4.3062%. The October CPI is expected to rise 0.2% on a monthly basis and to have risen 2.5% on a yearly basis, according to economists polled by FactSet. Core inflation is expected to remain steady at 0.3% and 3.3% on a monthly and yearly basis, respectively. Meanwhile, the October PPI is expected to have risen by 0.3% last month and 2.3% on a yearly basis. Last week, Fed officials lowered interest rates by 25 basis points to a target range of 4.50%-4.75%.
Persons: Donald Trump's, Thomas Barkin, Jerome Powell Organizations: Treasury, U.S, FactSet, Federal Reserve, Richmond Federal, Traders, Fed Locations: U.S
CNN —The United States has carried out a second consecutive night of strikes against Houthi targets in Yemen, a US defense official said Sunday. Details of the types of weapons, targets or locations of the strikes were not immediately available, though there were reports of explosions in the Amran and Saada governorates, north of the capital of Sanaa, where the US has carried out strikes in the past. They say they won’t stop striking Israel and its allies until a ceasefire is reached in the Palestinian enclave. The US has struck Houthis targets in Yemen multiple times over the last 11 months but the attacks have continued. In mid-October, Defense Secretary Lloyd Austin announced that the US struck the militant group using stealth B-2 bombers for the first time.
Persons: Lloyd Austin, Joe Biden, Austin, Organizations: CNN, US, Hamas, United Nations, Refugee, ” CNN Locations: United States, Yemen, Saada, Sanaa, Iran, Aden, The, Suez, Syria, Gaza, Iraq, Israel, Saudi, Lebanon
We recommend letting bitcoin digest its strong gains of late in a short-term consolidation phase before adding exposure. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.
Persons: bitcoin, Katie Stockton Organizations: Trump, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: bitcoin
Nvidia is a 'most-own' stock, according to Piper Sandler. The investment firm named the semiconductor giant its top large-cap pick, citing the launch of Nvidia's upcoming Blackwell chip and lead within artificial intelligence computing. Analyst Harsh Kumar stood by his overweight rating on the stock and raised his price target to $175 from $140. Additionally, Nvidia's Blackwell chip should become available in the first quarter of next year and could bring in between $5 billion to $8 billion in revenue, Kumar said. "As supply improves, we see more customers coming on for Blackwell beyond initial hyperscaler adoption in the following April quarter," Kumar wrote.
Persons: Piper Sandler, Harsh Kumar, Kumar, Nvidia's Blackwell, Grace Blackwell Organizations: Nvidia, Blackwell, Microsoft, Meta
Stimulus for Chinese consumer key to spur growth, says economist
  + stars: | 2024-11-11 | 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 EmailStimulus for Chinese consumer key to spur growth, says economistPaul Cavey from East Asia Econ says China needs to target "new growth", instead of focusing stimulus on the real estate, as economic growth shifts further from the traditional property market.
Persons: Paul Cavey Organizations: East Asia Econ Locations: East Asia, China
Instead of listing the website for Universal's "Wicked" movie, boxes featured a link to a pornographic website for a group called Wicked Pictures. "Mattel was made aware of a misprint on the packaging of the Mattel Wicked collection dolls, primarily sold in the U.S., which intended to direct consumers to the official WickedMovie.com landing page," Mattel said in a statement. Consumers who already have the product are advised to discard the product packaging or obscure the link and may contact Mattel Customer Service for further information." Target , Walmart and Amazon had removed the line of "Wicked" dolls from their online storefronts as of midday Monday, as had Best Buy , Barnes & Noble and Macy's . The mishap comes as Universal floods retail shelves with "Wicked"-related product ahead of the film's Nov. 22 release.
Persons: Mattel, Noble, James Zahn, , Jaime Katz, Zahn, NBCUniversal Organizations: Wicked Pictures, Mattel, Consumers, Service, Walmart, Amazon, Barnes, Universal, Morningstar, eBay, Facebook, Comcast, CNBC Locations: U.S, Target, NBCUniversal
CNN —From his seaside Florida resort, Donald Trump is holding a casting call to fill the toughest job in Washington: attorney general. Current and former Justice officials anticipate eventual departures in some parts of the department and employees being sidelined and forced out. The Justice Department is also charged with defending administration actions in court, covering issues from health care to the environment to gun control. “Attorney General Jeff Sessions has taken a VERY weak position on Hillary Clinton crimes,” he wrote in a Twitter post in July 2017. Trump told Fox Business in 2020 that Barr should indict Obama, Biden and others because of the Russia investigation.
Persons: Donald Trump, Trump, Mark Paoletta, they’ll, Trump’s, ” Paoletta, ” JD Vance, Jack Smith, Christopher Wray, James Comey, Wray, Wray “, , podcaster Joe Rogan, , I’ll, Barack Obama, Hillary Clinton, Joe Biden, Sally Yates, Yates, Jeff Sessions, Matthew Whitaker, Sessions ’, John Huber, Rod Rosenstein, Sessions, William Barr, Barr, Obama, Biden, Bill Barr indicts, we’ll, ” Trump, ” Barr Organizations: CNN, Justice Department, Trump ., Justice, White, ABC, Trump, Employees, FBI, ISIS, Capitol, Biden, , Sessions, Fox Business, Hoover Institution Locations: Florida, Washington, Manhattan, American, Lago, United States, Alabama, Russia
Walmart is testing tech that lets employees use an app to unlock anti-shoplifting displays. The tech, currently in several hundred stores, could lead to shoppers having access too. 1 in 5 shoppers surveyed said they would buy from another retailer when faced with locked-up merch. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The assumption behind the Freedom Case is that customers who share their personal information in order to access merchandise are unlikely to steal.
Persons: , Carol Spieckerman, Chris Walton, Spieckerman Organizations: Walmart, Service, Bloomberg, Omni, Kroger, Safeway
Oppenheimer sees more upside ahead for the S & P 500 now that the presidential election is over. The firm lifted its price target on the broad index to 6,200 from 5,900, reflecting 3.5% upside from Friday's close. .SPX YTD mountain S & P 500's year-to-date performance According to Stoltzfus, the election helped rid the market of lingering uncertainties and ushered in a "sigh of relief rally." The S & P 500 surged more than 4% last week, marking its biggest weekly advance in over a year. Oppenheimer retained its earnings estimates for the year, noting that the S & P 500 companies reporting so far have signaled "robust" quarters.
Persons: Oppenheimer, John Stoltzfus, Stoltzfus, Donald Trump's Organizations: CNBC Pro's, Fed Monetary
In addition, analysts had to predict further gains ahead — the stocks have at least 1% upside to the average price target, according to FactSet. Bank of America is among those on Wall Street that think the banks' move since Election Day has not been excessive. Citizens gained 30% from Election Day 2016 through the end of that year and jumped 14% on Wednesday. It added nearly 4% the day after the election and gained 18% from Election Day 2016 through the end of that year. Halliburton, which yields 2.3%, has the largest potential upside ahead — nearly 32% to the average price target.
Persons: Donald Trump, Jeremy Siegel, Ebrahim Poonawala, Trump, Piper Sandler, Mark Fitzgibbon, Keith Horowitz, Halliburton, Jeff Miller Organizations: Dow Jones, Wharton School, CNBC, Bank of America, UST, Trump, Regional Banking, Citizens Financial, Fifth Third Bancorp, Citizens, Fifth, Citigroup, Citi, Marathon Petroleum, Halliburton Locations: Gulf of Mexico
The S & P 500 surged 4.7% last week, its biggest weekly gain since November 2023. Now, some on Wall Street are worried the rally may soon cool off, at least in the near term. He noted that 27% of S & P 500 companies hit 52-week highs on Wednesday when stocks made an explosive move the day after the election. The S & P 500 closed Friday's session at 5,995.54 after briefly trading above 6,000 for the first time. Elsewhere on Wall Street this morning, Piper Sandler named Nvidia a top pick, calling for a gain of nearly 20%.
Persons: Donald Trump, Jonathan Krinsky, Krinsky, Scott Chronert, Piper Sandler Organizations: Dow Jones Industrial, Nasdaq, Citigroup, Nvidia
The package could include 60 F-35 fighter jets and 400 Patriot missiles, the FT reported. According to the Financial Times, the package could include 60 F-35 fighter jets, four Advanced Hawkeyes, 10 retired warships, and 400 Patriot missiles. "Taiwan is thinking about a package to show that they are serious," one former Trump administration official told the Financial Times. Blandin added that it's highly unlikely the US would send troops to defend Taiwan in the event of a Chinese attack. AdvertisementIn 2022, Biden vowed to defend Taiwan in case of a Chinese attack.
Persons: Donald Trump, , Trump, Benjamin Blandin, Blandin, Sari Arho Havrén, Biden, Karoline Leavitt Organizations: Patriot, Service, Financial Times, Hawkeyes, Lockheed, Aegis, Business, Reuters, Institute for Economics, Peace, Bloomberg, Yokosuka Council, Pacific Studies, Trump, Taiwan, Royal United Services Institute, Air Missile Systems, White, British Locations: Taiwan, China, United States, Yokosuka, Asia, Singapore, Philippines, London, Taipei
Investment bank Nomura has screened for Japanese stocks with "high bitcoin price sensitivity," following a surge in the cryptocurrency's price. It comes as analysts say bitcoin prices could hit $100,000 by the end of the year following President-elect Donald Trump's victory . The bank said it conducted multiple regression analyses of stocks to identify which have a high bitcoin price sensitivity. Those covering Micronics give it an average price target of 7,033.33 Japanese yen ($46.05) — indicating almost 83% upside potential. Analysts give Towa Corp an average target price of 3,466.67 Japanese yen, or 67.5% upside potential, according to FactSet.
Persons: Donald Trump's, bitcoin, Bitcoin Trump, — CNBC's Michael Bloom Organizations: Nomura, BTC, Towa Corporation, Towa, SoftBank Locations: Japan, FactSet
Shares of Vestas Wind Systems tanked on the news that Donald Trump had won the 2024 presidential election. However, analysts at a number of investment banks have suggested that investors overreacted to fears of a downturn for the sector. And he's not alone — the consensus price target of all analysts covering the stock points to an upside of more than 50%. Vestas shares are also traded in the U.S. with the ticker VWDRY . In addition to the political headwinds, Vestas Wind Systems has also had to contend with the rising cost of materials and labor over the past few quarters.
Persons: Donald Trump, Trump, Donald Trump's, Jacob Pedersen, Pedersen, Joe Biden's, Vestas, Henrik Andersen, John Kim, Gael, Bray, That's Organizations: Vestas, Nasdaq, Deutsche, Gael de, Systems, Deutsche Bank Locations: USA, Danish, U.S, Nasdaq Copenhagen, United States
Tesla shares pop 8% as post-election rally continues
  + stars: | 2024-11-11 | by ( Cj Haddad | ) www.cnbc.com   time to read: +2 min
Elon Musk embraces Republican presidential nominee and former President Donald Trump during a campaign rally at the Butler Farm Show fairgrounds in Butler, Pennsylvania, on Oct. 5, 2024. Tesla shares popped 8% on Monday, continuing to ride a postelection rally as President-elect Trump, closely allied with CEO Elon Musk, begins to set up his presidential cabinet. Analysts at Wedbush reiterated their "outperform" rating on the stock, joining earlier sunny outlooks reacting to Tuesday's results. Tesla recently reclaimed its $1 trillion market cap after surging nearly 30% last week. Trump has said previously he may cut the federal $7,500 electric vehicle tax credit, and those credits have historically helped to drive sales of Tesla vehicles.
Persons: Elon Musk, Donald Trump, Trump, Tesla, Musk, Elon Musk's, Volodymyr Zelenskyy, — CNBC's Michael Bloom, Annie Palmer, Lora Kolodny Organizations: Wedbush, Trump White House, Trump White, SpaceX, Bank of America Locations: Butler , Pennsylvania
With the S & P 500 trading around record highs and hanging around 6,000, one Wall Street firm revised its year-end S & P 500 price target, expecting more gains before the end of the year. We use the S & P 500 Short Range Oscillator as our guide to when the market is overbought or oversold. 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, Dow, Donald Trump administration's, Morgan Stanley, Wells Fargo, Eaton, Trump's, Oppenheimer, Wells, Tyson, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Apple, Nvidia, Microsoft, Honeywell, BlackRock, Tyson Foods, AstraZeneca, Club, Disney, Jim Cramer's Charitable Locations: Dover, Wells Fargo
Cboe Global Markets could benefit from the postelection volatility spike, according to Deutsche Bank. Analyst Brian Bedell upgraded the exchange stock to buy from hold and raised his price target to $222 from $211. Bedell said Cboe should maintain healthy revenue growth into at least 2025. Further product innovation and greater adoption of options usage, such as at Robinhood, should also contribute to greater organic revenue growth, Bedell added. Stronger revenue growth should eventually enable positive operating leverage, allowing the company to outperform existing expectations of operating margin stability.
Persons: Brian Bedell, Bedell, Cboe Organizations: Cboe, Deutsche Bank Locations: Robinhood
For some who’ve run afoul of Trump, the election results have sparked fresh worries that he may enter office looking for retribution. During the campaign, Trump has made different statements about whether he might target people who’ve upset him. Rep. Jim Jordan, a staunch Trump ally in Congress, said he doesn’t expect any of the prosecutors to face reprisals over Trump investigations. One former Trump White House official who has publicly spoken against Trump described feeling “scared” and declined to let their name be used. Now Fanone says he is hunkering down in his Virginia mountain-area home for fear that Trump could weaponize the police.
Persons: WASHINGTON, Olivia Troye, Trump, “ I’m, I’ll, ” Troye, , He’s, he’s, he’ll, Joe Biden, Biden, , haven’t, Nancy Pelosi, Adam Schiff, Jack Smith, Smith, Jim Jordan, ” Jordan, Richard Nixon, ” Nixon, Mark Zaid, ” Zaid, Michael Cohen, Cohen, Alvin Hellerstein, who’ve, yank, JD Vance, Joe Biden’s, Hunter, Vance, podcaster Joe Rogan, ” Larry Pfeiffer, won’t, aren’t, ” Trump, Schiff, Pelosi, Dan Goldman, Trump’s, ” It’s, it’s, Michael Fanone, Fanone, “ I’ll, Hunter Biden, what’s, “ We’re, they’re, John Bolton, Bolton, Ronald Reagan’s, I’m, Susie Wiles, Pat Summerall, Jared Moskowitz, Aquilino, ” Gonell, Kamala Harris, Gonell Organizations: Trump, Democratic, White, Fox News, Sunday, CNN, Washington, CIA, Los Angeles Times, New York Democrat, Joe Biden weaponized, Department of Justice, Justice, Trump White House, D.C, Washington Post, Justice Department, NFL, , U.S . Capitol, Capitol Locations: United States, America, California, Manhattan, U.S, Virginia
A soldier for Yemen’s exiled government opened fire on Saudi troops as they exercised in eastern Yemen, killing two of them and wounding another in a rare insider attack during the kingdom’s nearly decadelong war there, officials said Saturday. The assault in eastern Hadramawt province comes as a yearslong cease-fire between Saudi Arabia and Yemen’s Houthi rebels largely has held despite the militants’ ongoing attacks against shipping in the Red Sea corridor. The attack on the Saudi troops took place Friday night in Seiyun, a city some 310 miles east of Sanaa. As troops worked out at a Saudi-led base there, the soldier opened fire, killing an officer and a noncommissioned officer, the state-run Saudi Press Agency said, citing a military statement. A Saudi-led coalition entered the war on behalf of Yemen’s exiled government in 2015.
Persons: Yemen’s, Wolf, Saudi solider, Aidarous, Hamid Rizq, ” Rizq, Mohammad Bagheri, Fayyad bin Hamid Al, Ruwaili Organizations: Saudi, Saudi Press Agency, Joint Forces Command, Yemeni Ministry of Defense, Yemen’s successionist Southern Transitional Council, First, Seiyun . Police, Authorities, United, Associated Press, Saudi Arabian Locations: Saudi, Yemen, Hadramawt, Saudi Arabia, U.S, Seiyun, Sanaa, Yemen’s successionist Southern, United Nations, Iran, Israel, Gaza, Lebanon, Amran, Houthi, Tehran
A woman amid the destruction of an Israeli strike in Jabaliya in northern Gaza Sunday. OMAR AL-QATTAA / AFP - Getty ImagesThe Israeli military said it targeted a site where militants were operating in Jabaliya, without providing evidence. As in other areas of Gaza, Israel has sent forces back in after repeated operations, saying Hamas has regrouped. EYAD BABA / AFP - Getty ImagesOn Sunday, the Israeli military released what it said was video footage of Hamas abusing detainees. A car damaged by an Israeli strike on the village of Aalmat in northern Lebanon, Sunday.
Persons: Jabaliya, Fadel Naim, Al, OMAR AL, Wael al, Beit Hanoun, Biden, EYAD BABA, Israel, Hassan Nasrallah, Hassan Ammar, Organizations: Hezbollah, Health Ministry, Ahly, Getty, Civil Defense, Hamas, Palestinian Authority, West Bank, U.S Locations: Lebanon, Gaza, Israeli, Aalmat, Beirut, Gaza City, Jabaliya, AFP, Beit Lahiya, Israel, Palestinian, Iran, Sunday, United States, Qatar, Egypt
CNN —Russia and Ukraine have exchanged record numbers of drone strikes, with Moscow launching a total of 145 drones on Saturday night – the most ever in a single night-time attack of the war. “Last night, Russia launched a record 145 Shaheds and other strike drones against Ukraine,” Ukrainian President Volodymyr Zelensky said on Sunday. Shahed drones are cheap, one-way attack drones. The UAVs were shot down over the Moscow regions of Ramenskoye, Kolomna and Domodedovo, Andrey Vorobyov, governor of Moscow region, said. The previous largest drone attack on Moscow was in September, when Russia said it destroyed at least 20 Ukrainian attack drones.
Persons: , Volodymyr Zelensky, Russia “, , Andrey Vorobyov, Tatyana Makeyeva, ” Vorobyov, Zhukovsky Organizations: CNN, Ukrainian Air Force Command, Air Force, Russian Ministry of Defense, Russian MOD, Getty, TASS, Ukrainian Locations: Russia, Ukraine, Moscow, Russian, Moldova, Belarus, ” Ukraine, Ramenskoye, Stanovoye, AFP, Domodedovo
To select the right dividend stocks, investors can consider the recommendations of top Wall Street analysts, who have a strong track record and provide useful insights based on a thorough analysis of a company's fundamentals. Here are three dividend-paying stocks, highlighted by Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. Scotto highlighted EPD's robust backlog of organic growth projects, with notable projects expected to come online next year and fuel the company's growth. International Business MachinesWe move to the next dividend stock, IBM (IBM). In Q3, IBM generated free cash flow of $2.1 billion and returned $1.5 billion to shareholders through dividends.
Persons: Donald Trump, Wall, EPD, Elvira Scotto, Scotto, TipRanks, Amit Daryanani, Daryanani, Arvind Krishna, ARCC, Kenneth Lee, ARCC's, Lee Organizations: Wall Street, Enterprise Products, Enterprise Products Partners, RBC Capital, Machines, IBM, Consulting, Software, IBM's Software, Hat, Ares, Ares Capital Locations: TipRanks
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