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☆ Software giant Oracle and five consumer names are among Wall Street’s most overbought stocks
▼ + stars: | 2023-04-08 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

A stock is considered overbought if its 14-day RSI goes above 70, meaning investors should consider easing their exposure. Meanwhile, a stock with a 14-day RSI under 30 is considered oversold, meaning it may want more to that name. CNBC Pro screened for S & P 500 stocks in overbought territory, based on their relative strength index. Oracle topped the list with a 14-day RSI of 95.6. FRC 1M mountain FRC this past month Other stocks approaching oversold territory are Charles Schwab , Digital Realty , Applied Materials , AMD , C.H.

☆ Democrats are betting Republicans' defense of Donald Trump's criminal charges will age like milk on the 2024 campaign trail
▼ + stars: | 2023-04-07 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +6 min

Republicans facing tough 2024 races are defending Donald Trump against criminal charges. Democrats are betting their defense of Trump will hurt them in competitive 2024 races. Lauren Boebert (@RepBoebert) April 4, 2023Boebert is on House Democrats' list of 31 vulnerable Republicans and two competitive open seats that they are targeting to take back control of the House in 2024. Biden hasn't commented on Trump's charges, and Democrats in Congress are treading carefully. Democrats shouldn't get ahead of the judicial process, said Rodell Mollineau, a cofounder and partner at Rokk Solutions in Washington, DC.

☆ Washington, D.C., Penthouse Fetches $12.762 Million, Becoming Priciest Condo in Nation’s Capital
▼ + stars: | 2023-04-06 | by ( Sarah Paynter | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. A Washington, D.C., penthouse has sold for $12.762 million, becoming the most expensive condo sale in the nation’s capital city, according to real-estate agent Matt McCormick of TTR Sotheby’s International Realty, who represented the buyer in the transaction.

☆ How Nikki Haley Went From Friend to Foe of Government Aid for Boeing
▼ + stars: | 2023-04-03 | by ( John Mccormick | Andrew Tangel | ) www.wsj.com time to read: +1 min

NORTH CHARLESTON, S.C.— Nikki Haley frequently questions the use of public money to help corporations as she campaigns for the Republican presidential nomination, but her tone was significantly different when it came to interests in South Carolina. As a state legislator and candidate for governor, Ms. Haley supported a 2009 economic development package for Boeing Co. valued at as much as $900 million that helped land the company’s 787 Dreamliner production facility in this city. A few years later, as governor, she signed into law an additional $120 million for the aerospace company as part of an expansion. It isn’t unusual for conservative politicians, whether governors trying to lure companies to their states or members of Congress looking to secure funding for special projects back home, to confront tensions between their support for limited government and parochial interests. Still, as voters examine the emerging GOP field, Ms. Haley’s record on Boeing has led some to portray the former governor and United Nations ambassador as someone prone to reversals and tied to the corporate establishment.

☆ Death toll from US storms rises to 29
▼ + stars: | 2023-04-02 | by ( ) www.reuters.com time to read: +2 min

April 2 (Reuters) - The death toll from a violent storm that whipped up tornadoes in the Southern and Midwestern regions of the United States rose to at least 29 over the weekend, according to officials and media reports. In Memphis, Tennessee, two children and an adult were found dead on Saturday after the storm's heavy winds knocked trees onto several houses, according to the Memphis Police Department. In Tennessee's McNairy County, officials reported that an additional two people had died, having reported seven deaths earlier on Saturday, according to local media. U.S. President Joe Biden declared a "major disaster" in Arkansas on Sunday, ordering federal aid to help with the recovery. loadingSimilarly severe weather, including thunderstorms, was forecast for Tuesday in much of the Midwest between Chicago and Little Rock, Arkansas, the center said.

The indictment of Donald Trump by a Manhattan grand jury is likely to energize the former president’s most ardent supporters, further eroding their trust in the legal system and exacerbating national divisions as the case plays out. And new flashpoints may be on the horizon: Mr. Trump, the leading GOP White House candidate, faces additional investigations on potentially more serious charges, including his attempts to overturn the 2020 election results.

San Francisco, like some of the country’s other big cities, saw its population decline slow down from mid-2021 to mid-2022. Big cities lost fewer residents last year as more immigrants moved in, fewer people died and more babies were born there, according to new census data that shows the urban exodus that gained steam early in the pandemic is cooling. The suburbs of big cities and small and medium-size metropolitan areas continued to claim most of the country’s growth, according to a Wall Street Journal analysis of population estimates released Thursday for the year that ended June 30. Rural areas and small towns collectively remained nearly flat.

☆ Morning Bid: Swinging between bank fears and rate risks
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +5 min

A look at the day ahead in U.S. and global markets from Mike DolanMarkets seem caught between the devil and the deep blue sea. Easing concerns about bank stability this week have merely re-introduced interest rate risk, reining in any suggestion of a runaway relief rally as the first quarter closes on Friday. While nerves persist over March bank failures and contagion fears, central banks are still faced with punchy growth and inflation and will likely switch attention back to cooling that down once they're assured banks can take the strain. But interest rate markets are already correcting as signs of stability in the banking arena emerge. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Stocks making the biggest moves midday: Micron, Paramount, McCormick and more
▼ + stars: | 2023-03-28 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading Tuesday. Micron Technology — The semiconductor stock was down 2.8% ahead of its scheduled second-quarter earnings report after the bell on Tuesday. Paramount — Shares of the media giant gained 3.6% during midday trading on a rating upgrade from Bank of America from neutral to buy. McCormick & Company — The spice maker's stock price jumped about 10% during midday trading after reporting better-than-expected earnings for the first quarter. Walgreens posted revenue of $34.86 billion for the most recent quarter, compared to analysts' estimates of $33.53 billion, according to Refinitiv.

☆ Rallies from Walgreens, PVH and McCormick could be a good sign for earnings season, Cramer says
▼ + stars: | 2023-03-28 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Stocks that rallied Tuesday in response to "less than stellar" quarterly reports could bode well for earnings season, CNBC's Jim Cramer said. Cramer pointed to three companies that reported within the last 24 hours as examples: Spice company McCormick , Calvin Klein and Tommy Hilfiger parent company PVH and Walgreens . The company reported earnings growth of 10%, above the 8.9% consensus number. Walgreens' rally was also "totally baffling," Cramer said, because it reported an adjusted operating income of $1.2 billion that missed consensus estimates. Cramer said he thinks these companies are representative of the broader market.

☆ McCormick CEO on fiscal Q1 earnings
▼ + stars: | 2023-03-28 | 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 EmailMcCormick CEO on fiscal Q1 earningsMcCormick CEO Lawrence Kurzius joins 'Squawk on the Street' to discuss his thoughts on food inflation and the company's earnings beat.

☆ The CFTC's suit against Binance marks a deepening crackdown on the crypto industry
▼ + stars: | 2023-03-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

All this comes just days after the SEC charged a spate of high-profile individuals for fraud and crypto market manipulation. That comes months after the total crypto market value saw about $2 trillion erased in a brutal plunge in token prices. The SEC also warned that the platforms investors use to get involved in crypto aren't quite airtight, in the regulator's view. In other news:FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua Reuters2. The World Bank just warned that this could be the start of a "lost decade" for global economic growth.

☆ Three-Stock Lunch: Lululemon, Walgreens Boots and McCormick
▼ + stars: | 2023-03-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: Lululemon, Walgreens Boots and McCormickLee Munson, CIO of Portfolio Wealth Advisors, joins 'Power Lunch' with a breakdown on how to trade Lululemon, Walgreens Boots, and McCormick & Co.

☆ Stock futures are flat on Monday evening: Live updates
▼ + stars: | 2023-03-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures inched higher in overnight trading after the S&P 500 posted its third positive session in a row and banking sector concerns continued to ease. Meanwhile, S&P 500 and Nasdaq 100 futures added 0.11% each. Investors fought to extend last week's gains, but tech shares came under pressure. The Dow Jones Industrial Average added 194.55 points, or 0.6%, while the S&P 500 gained 0.16%. Beaten-up regional banking stocks, including First Republic , climbed along with the SPDR S&P Regional Banking ETF (KRE ).

☆ The banking crisis is doing Fed's work and creating a window for stocks to rally
▼ + stars: | 2023-03-26 | by ( Jim Cramer | ) www.cnbc.com time to read: +19 min

Work from home has in part jacked up food prices, and the increase is about 14% above just last year. The only bank that looks like Silicon Valley Bank is First Republic Bank (FRC) because it, too, has suffered huge deposit withdrawals. Nike (NKE)said China orders were good, so did Club stock Starbucks (SBUX). As counterintuitive as it is, the banking row will give the 4.8% fed funds rate a chance to cool consumer spending. This gives stocks a window to advance until we begin earnings season with what will no doubt be a cautious banking sector.

☆ Republicans are seeking wealthy, self-funding candidates to help the party win a Senate majority in 2024, report says
▼ + stars: | 2023-03-25 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

GOP leaders are seeking out wealthy Senate candidates to counter Democratic fundraising successes. In recent cycles, some GOP candidates have used outside spending to mitigate spending disparities. Last year, Democratic Senate nominees in the six most competitive races outraised their GOP counterparts by $288 million, per Politico. The well-known doctor poured $26.8 million of his own funds into his unsuccessful Senate campaign, according to OpenSecrets. Dolan, who put more than $10.5 million into his 2022 Senate bid, could face Democratic Sen. Sherrod Brown.

☆ The Street awaits key inflation report next week as banking worries persist
▼ + stars: | 2023-03-25 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

The personal spending and income report, out this coming Friday, has the Federal Reserve's preferred measure of inflation: the core personal consumption expenditure (PCE) price index. In comparison, the consumer price index (CPI), released this past week, only tracks price changes over time. It was a positive week for the major averages, despite some midweek volatility driven by comments from Treasury officials. The PCE price index and other inflation reports face heightened scrutiny in the coming months as the market is becoming more at odds with the Fed's base case. ET: Gross Domestic Product; Price Index Friday, March 31 Before the bell: 8:30 a.m.

☆ Bank fears will likely lead to even more market volatility in the week ahead
▼ + stars: | 2023-03-24 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

Market turbulence could reign supreme once again in the week ahead, as investors worry about the potential for more trouble rippling through the banking system. The broader market was initially under pressure Friday as investors became jittery about Deutsche Bank . "The market is saying: 'You, the Fed, do not appreciate the slowdown that is going to hit us,'" Chandler said. "The market is going to do a lot better and it held onto its gains despite all the things that rocked the market. He added that market concern about banks has risen, and there is concern credit tightening will hurt the economy.

☆ Spring training roundup: A's yield inside-the-park HR, rally past Angels
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +5 min

Taylor Ward scored an inside-the-park home run for the Angels in the first inning. Ward's liner to center got past a diving Esteury Ruiz, and the A's were slow to chase it down. Jake Cave hit his third homer of spring training for Philadelphia, while Pirates veteran Andrew McCutchen hit his first of the spring, a two-run shot. Washington got a two-run homer from Victor Robles and outhit St. Louis 15-6. The Giants had 16 hits, hanging six hits and six runs on Dodgers starter Noah Syndergaard (1-2) over 4 1/3 innings.

☆ DeSantis Criticizes Trump and Manhattan Prosecutor Over Possible Indictment
▼ + stars: | 2023-03-20 | by ( John Mccormick | ) www.wsj.com time to read: +1 min

Ron DeSantis said that the probe into the former president was an example of the pursuit of a political agenda. Florida Gov. Ron DeSantis took a jab at Donald Trump, while also criticizing the Manhattan district attorney’s office, as he weighed in Monday on the possibly imminent indictment of the former president over payoffs to a porn star. “I don’t know what goes into paying hush money to a porn star to secure silence over some type of alleged affair,” Mr. DeSantis, a likely GOP presidential nomination rival to Mr. Trump, told reporters in Panama City, Fla.“What I can speak to is that you have a prosecutor who is ignoring crimes happening every single day in his jurisdiction, and he chooses to go back many, many years ago, to try to use something about porn star hush money payments,” he said. “That’s an example of pursuing a political agenda and weaponizing the office.”Some other top Republicans derided the possible indictment of Mr. Trump over the weekend, while Democrats warned that the former president’s social-media exhortations for protests were irresponsible and risked violence akin to the Capitol riot on Jan. 6, 2021.

☆ GOP 2024 Rivals Pounce on Ron DeSantis Over Ukraine Aid
▼ + stars: | 2023-03-18 | by ( John Mccormick | Alex Leary | ) www.wsj.com time to read: 1 min

A sharp divide inside the Republican Party over U.S. involvement in Ukraine has made Florida Gov. Ron DeSantis the target of widespread GOP criticism for suggesting America should focus on problems closer to home. Mr. DeSantis, a likely 2024 presidential candidate, earlier this week called the Russian invasion a “territorial dispute,” triggering backlash on Capitol Hill and from some donors and voters. The isolationist approach aligns him with former President Donald Trump, who is warning the conflict could cause “World War III.”

☆ Pence and Other Potential GOP 2024 Rivals Pounce on DeSantis Over Ukraine Aid
▼ + stars: | 2023-03-18 | by ( John Mccormick | Alex Leary | ) www.wsj.com time to read: 1 min

Florida Gov. Ron DeSantis speaking to Iowa voters last week. Former Vice President Mike Pence, without mentioning Ron DeSantis by name, rebuked the Florida governor Saturday for his isolationist approach to the war in Ukraine. Mr. DeSantis, a likely 2024 Republican presidential candidate, earlier this week called the Russian invasion a “territorial dispute,” triggering backlash on Capitol Hill and from some donors and voters.

☆ U.S. Postal Service Trucking Contractors Must Now Disclose Serious Traffic Accidents
▼ + stars: | 2023-03-15 | by ( Christopher Weaver | ) www.wsj.com time to read: 1 min

A truck operated by Tracie McCormick, a U.S. Postal Service contractor, was in a crash in Florida in 2020. Postal Service ordered its trucking contractors to immediately notify the agency of serious accidents, a reversal from past practices that will give officials there a new window into the safety records of those carrying its mail, an email reviewed by The Wall Street Journal shows. The email, which was sent Sunday, instructed trucking contractors to report details of accidents on their mail-hauling routes to the agency’s leadership, a change that follows a Journal article examining deficiencies in its safety practices.

☆ Watch CNBC's full interview with former Bridgewater CEO Dave McCormick
▼ + stars: | 2023-03-14 | 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 EmailWatch CNBC's full interview with former Bridgewater CEO Dave McCormickDave McCormick, former CEO of Bridgewater Associates, joins 'Squawk Box' to discuss his thoughts on the SVB collapse, the government response to the collapse, and how to roll back the precedence created in this incident.

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