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☆ Nvidia Q1 earnings: Here's what to expect
▼ + stars: | 2024-05-21 | 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 EmailNvidia Q1 earnings: Here's what to expectThe desk debates how high the bar is set for Nvidia, and how it will affect the Nasdaq's march to new highs.

Organizations: Nvidia

☆ New York tops the list of the 50 richest cities in the world
▼ + stars: | 2024-05-07 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

New York's millionaire population is now larger than the entire populations of Orlando or Pittsburgh. The Bay Area's millionaire population has surged by 82% over the past decade, to 305,700. The U.S. is home to 11 of top 50 richest cities, according to the report. "Notably, U.S. cities have significantly outperformed other western cities over the past decade when its comes to overall wealth and millionaire growth." Here is the full ranking of the world's richest cities, according to Henley & Partners and New World Wealth:1.

Persons: Andrew Amoils, Amoils, Juerg Steffen, Robert Frank Organizations: Henley & Partners, Area, Federal Reserve, Research, New, London, Sydney Locations: York, California, Orlando, Pittsburgh . New York, Brazil, Italy, Canada, San Francisco, U.S, Tokyo, London, China, Beijing, Singapore, Los Angeles, New York, Area, France, Hong Kong

☆ What will it take to get tech stocks rising again? An unemployment rate above 4%
▼ + stars: | 2024-04-22 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Analysts slashed the "Big Six" tech stocks' ratings to neutral from overweight, arguing that profit growth momentum could "collapse" over the next few quarters. 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, Jim, what's, it's, We're, Jim Cramer's Organizations: CNBC, Nasdaq, Treasury, Federal Reserve, Apple, Microsoft, Nvidia, UBS Global Research

☆ Trump Media CEO says he’ll do ‘whatever it takes’ to defend DJT investors from short sellers
▼ + stars: | 2024-04-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Trump Media CEO Devin Nunes on Friday said he would "do whatever it takes" to defend the company's retail investors from possible illegal short selling of its shares. Delivering remarks in Scranton, Pennsylvania, on Tuesday, Biden took a dig at Donald Trump, his November Republican election opponent, as shares of Trump Media tanked from its more than $70 debut price. Trump Media's stock, trading under the ticker DJT , rallied toward the end of this week, but has plummeted starkly from its peak. It involves a trader selling shares that have not been borrowed or arranged to be borrowed. Nunes said that Trump Media has appeared on the Nasdaq's "Reg SHO threshold list," which could indicate illegal trading behavior.

Persons: Devin Nunes, Nunes, Joe Biden, Biden, Donald Trump, Trump, DJT, SHO, Ken Griffin Organizations: Truth, Conservative Political, Trump Media, Trump, Republican, Trump Media tanked, Nasdaq, Securities and Exchange, CNBC, SEC, Citadel Securities, GOP Locations: National Harbor , Maryland, Scranton , Pennsylvania, California

☆ Cisco debuts new AI-focused security system after $28 billion deal to buy Splunk
▼ + stars: | 2024-04-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Charlie Perez | Nurphoto | Getty ImagesHow it worksHyperShield serves as a "shield for security," Patel said, explaining that it takes security directly to the things that need to be secured. It allows Cisco's AI to divide a computer network into smaller parts to improve performance and security. Designed with AI in mindPatel said Cisco's HyperShield technology was designed with a new world of digital AI assistants – like ChatGPT, Google Gemini, and other advanced tools – in mind. "We're moving from a world of scarcity to a world of abundance, with digital AI assistants for everything," Patel told CNBC. Stock Chart Icon Stock chart icon Cisco share price performance year-over-year, compared with the performance of the Nasdaq Composite over the same period.

Persons: Charlie Perez, HyperShield, Patel, –, it's Organizations: Cisco, Mobile, Nurphoto, Google, CNBC, Nasdaq Locations: Barcelona, Spain

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

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

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

☆ Buy these five stocks with upside potential as April kicks off, Goldman Sachs says
▼ + stars: | 2024-03-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Goldman Sachs analysts have named a slew of stocks that could see upside as April rolls in. CNBC Pro combed through Goldman Sachs' research to find the firm's favorite stocks as of late. They include United Parcel Service, Nasdaq, Arcos Dorados , Global Payments and Arista Networks. "Management discussed various initiatives on market penetration and productivity with their impact on revenue and margin growth into 2026," he said. … Management discussed various initiatives on market penetration and productivity with their impact on revenue and margin growth into 2026.

Persons: Goldman Sachs, Arcos Dorados, Thiago Bortoluci, it's, Bortoluci, Alexander Blostein, Blostein, Goldman, Jordan Alliger, Alliger, ANET, …, Arcos, Cameron Bready, Josh Whipple … Organizations: CNBC, United Parcel Service, Nasdaq, Arcos, Global Payments, Arista Networks, Management, UPS, … Management Locations: America, Brazil, Arcos, Atlanta

☆ These were our 4 best — and 4 worst — portfolio stocks in the first quarter
▼ + stars: | 2024-03-29 | by ( Morgan Chittum | ) www.cnbc.com time to read: +9 min

The winners NVDA YTD mountain Nvidia (NVDA) year-to-date performance Nvidia came in No. META YTD mountain Meta Platforms (META) year-to-date performance Meta Platforms climbed 37.2% in the first quarter, coming in at second place within the portfolio. The laggards AAPL YTD mountain Apple (AAPL) year-to-date performance Apple suffered the most first-quarter losses in the portfolio, slumping 10.9% during the period. FL YTD mountain Foot Locker (FL) year-to-date performance Shares of Foot Locker declined 8.5% in the first quarter, making the sneaker retailer the second-worst-performing stock in the portfolio. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance Palo Alto Networks stock fell 3.7% during the first quarter, rounding out No.

Persons: Dow, chipmaker, It's, Instagram, Meta's, Jim Cramer, Walt Disney, Nelson Peltz, Jim, Peltz's Trian, Eli Lilly, LLY, Eli Lilly's, Apple, Locker's, Locker, Jim Cramer's, Jensen Huang, Ann Wang Organizations: Dow Jones Industrial, Nasdaq, Nvidia, Facebook, Wall, DIS, Walt Disney, Peltz, Peltz's Trian Partners, Disney, U.S, Department of, Apple, Evercore ISI, Citigroup, Nike, Starbucks, Palo Alto Networks, Palo, Jim Cramer's Charitable, CNBC Locations: China, Seattle, U.S, Palo, Taipei, Taiwan

☆ March in a presidential election year may kick off a weak period. Here's why that could be a buying opportunity
▼ + stars: | 2024-03-01 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Seasonally speaking, stocks could be in for a pullback as the calendar turns to March in a presidential election year. In every March since 1950, the S & P 500 historically rises 1.1%, but the same month in presidential election years scores a smaller 0.4% advance on average. Currently, the S & P 500 is trading around the 5,100 level. But Hirsch advised investors to watch S & P 500 support levels closer to 4,800, the prior all-time high, or 4,600, the high from the summer of 2023. That's because Hirsch anticipates the S & P 500 will rise to 5,500 by year end, so any dips may prove a buying opportunity for investors.

Persons: Jeffrey Hirsch, Russell, Hirsch, it's, you've, —, Hirsch isn't, Katie Stockton, Sam Stovall, Stovall Organizations: Dow Jones Industrial, Nasdaq, CFRA Research

☆ UBS says the AI-driven tech rally 'still has room to run' as the sector is set to see explosive growth — and shares 2 trades to benefit from the upside potential
▼ + stars: | 2024-02-23 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

But can the momentum continue for AI stocks continue? But our estimates could prove to be conservative in light of recent developments like Open AI's text-to-video model Sora and management commentary from Nvidia," Marcelli said. Both Microsoft and Alphabet reported increased cloud revenue growth thanks to AI, and revenue from their AI models and applications should see significant growth in the next five years, she said. "Given the strong AI-related tailwinds, we see 18% year-over-year earnings growth in 2024 for the global tech sector, including information technology and internet," Marcelli said. 2 trades to ride the AI waveTo take advantage of further AI upside, Marcelli said UBS prefers two market subsectors: semiconductors and software.

Persons: Solita Marcelli, Marcelli Organizations: Nvidia, Business, UBS, UBS Americas, Microsoft, VanEck Semiconductor, Invesco Semiconductors, Software Sector, P Software & Services, Big Tech

☆ Appeals court will rehear challenge to Nasdaq board diversity rule, putting mandate at risk
▼ + stars: | 2024-02-20 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

A federal appeals court agreed to rehear a challenge by two conservative groups to Nasdaq's board diversity rule related to the disclosure of women and minority membership on boards of companies listed on the stock exchange. The 5th Circuit U.S. Court of Appeals, in its order Monday night setting a rehearing, also vacated a decision in October upholding the Nasdaq rule by a three-judge panel from the appeals court, which encompasses Texas, Louisiana, and Mississippi. The Nasdaq rule requires companies to disclose details about the diversity of their boards of directors, and to either have a minimum number of women and minorities on their boards or explain why they do not. "NASDAQ's rule promotes racial discrimination and polarizing personal disclosures and it is to be hoped that this rule is struck down," Blum said. The SEC and Nasdaq did not immediately respond to requests for comment on the rehearing order.

Persons: Edward Blum, " Blum, Margaret Little Organizations: Times, NASDAQ, 5th Circuit U.S, of Appeals, Nasdaq, Securities, Exchange, Alliance for Fair, National Center for Public Policy Research, Fifth Circuit, SEC Locations: New York City, Texas, Louisiana, Mississippi

☆ This popular ETF trend is helping investors manage risk exposure
▼ + stars: | 2024-02-18 | by ( Anna Gleason | ) www.cnbc.com time to read: +1 min

While some investors are concerned that exchange-traded funds with options overlays could limit returns, experts see a key benefit at play. I think most notably within the active ETF space are portfolios that have options-embedded strategies within the portfolios," she said in the same interview. "Thinking about those 75% of ETFs that were launched last year, 70% were either active equity or equity derivative strategies." Morgan Stanley's Rochte sees more investors moving money out of popular fixed-income products and into risk assets as a result. "We're seeing some managers that will license the Nasdaq-100 index providing that tech exposure with options strategies on top."

Persons: Morgan Stanley's, Tony Rochte, —, CNBC's, Alison Doyle, Morgan Stanley's Rochte, Nasdaq's Doyle Organizations: Nasdaq, Big Locations: Big Tech

☆ Playing the sell-off: A bearish trade on an over-extended Nasdaq stock
▼ + stars: | 2024-02-13 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Here is a bearish contrarian trade using options on an over-extended tech stock. MDB is clearly in a bull run, so although I am considering a bearish trade here, I also need to be aware of the price levels which may act as support for the stock. If the stock does go into a pullback, I have shown 3 important levels where the stock is most likely to bounce back. So my long strike would be above the current price and the short strike would be below the current price. If MDB trades at or below my short strike by the expiration date, this trade can yield a 100% ROI on the amount risked.

Persons: MDB, Nishant Pant Locations: MDB

☆ Top ETF trends to watch in 2024: Active ETFs, options overlays and more
▼ + stars: | 2024-02-12 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTop ETF trends to watch in 2024: Active ETFs, options overlays and moreTony Rochte, Morgan Stanley Investment Management global head of ETFs, Alison Doyle, Nasdaq's ETP Listings head, and Rob Harvey, Dimensional Funds co-head of product specialists, join CNBC's Bob Pisani on 'ETF Edge' live from the ETF Exchange conference in Miami to discuss the ETF trends on their radar this year.

Persons: Tony Rochte, Morgan, Alison Doyle, Nasdaq's, Rob Harvey, Bob Pisani Organizations: Morgan Stanley Investment Management, Funds, Exchange Locations: Miami

☆ Risks to consider with the heavy concentration of the Magnificent 7
▼ + stars: | 2024-02-12 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRisks to consider with the heavy concentration of the Magnificent 7Tony Rochte, Morgan Stanley Investment Management global head of ETFs, Alison Doyle, Nasdaq's ETP Listings head, and Rob Harvey, Dimensional Funds co-head of product specialists, join CNBC's Bob Pisani on 'ETF Edge' live from the ETF Exchange conference in Miami to discuss the risks from the growing concentration of the Magnificent 7 stocks.

Persons: Tony Rochte, Morgan, Alison Doyle, Nasdaq's, Rob Harvey, Bob Pisani Organizations: Morgan Stanley Investment Management, Funds, Exchange Locations: Miami

☆ Tracking the flows into active investing
▼ + stars: | 2024-02-12 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTracking the flows into active investingTony Rochte, Morgan Stanley Investment Management global head of ETFs, Alison Doyle, Nasdaq's ETP Listings head, and Rob Harvey, Dimensional Funds co-head of product specialists, join CNBC's Bob Pisani on 'ETF Edge' live from the ETF Exchange conference in Miami to discuss the growth in active investing.

Persons: Tony Rochte, Morgan, Alison Doyle, Nasdaq's, Rob Harvey, Bob Pisani Organizations: Morgan Stanley Investment Management, Funds, Exchange Locations: Miami

☆ ETF Edge, February 12, 2024
▼ + stars: | 2024-02-12 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailETF Edge, February 12, 2024Tony Rochte, Morgan Stanley Investment Management global head of ETFs, Alison Doyle, Nasdaq's ETP Listings head, Rob Harvey, Dimensional Funds co-head of product specialists, Jason Pereira, senior partner & financial planner at Woodgate Financial, and Brian Portnoy, Shaping Wealth founder, join CNBC's Bob Pisani on 'ETF Edge' live from the ETF Exchange conference in Miami to discuss ETF trends on their radar this year, how financial advisors are using AI and more.

Persons: Tony Rochte, Morgan, Alison Doyle, Nasdaq's, Rob Harvey, Jason Pereira, Brian Portnoy, Bob Pisani Organizations: Morgan Stanley Investment Management, Funds, Woodgate Financial, Wealth, Exchange Locations: Miami

☆ A low-cost hedge if Big Tech earnings disappoint and the Nasdaq rally fizzles
▼ + stars: | 2024-01-30 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

If these tech giants disappoint in their earnings outlook, that would be enough reason for this rally to fizzle out, and Nasdaq could finally see a pullback. Here's a 6-month daily chart of the Invesco QQQ Trust (QQQ) ,which closely follows Nasdaq's price movement and can be used as a proxy to trade tech stocks. You may find trading platforms using other names like "put debit spread" or "long put spread," but they all mean the same. I did this because this trade is designed as a hedge against disappointing tech earnings, which are all happening this week, so I don't need a longer expiration date. QQQ 6M mountain QQQ, 6 months Since this trade is taken as a hedge, the expectation should be that if the markets don't tank after tech earnings, I will lose my initial investment.

Persons: Nishant Pant Organizations: Big Tech, Microsoft, Apple, Meta, Nasdaq

☆ Here are Friday's biggest analyst calls: Tesla, Boeing, Amazon, Delta, Spotify, Alibaba, Johnson & Johnson and more
▼ + stars: | 2023-12-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are the biggest calls on Wall Street on Friday: Stifel initiates Boeing at buy Stifel said it sees a "favorable" setup for Boeing shares. Citi downgrades Spotify to neutral from buy Citi said in its downgrade of Spotify that the risk/reward is less compelling. Jefferies initiates Arcos Dorados as a buy Jefferies said the Latin American McDonald's franchisee is a "consistent compounder." Jefferies initiates CSG Systems as buy Jefferies said in its initiation of the software-as-a-service company that it sees burgeoning growth. Jefferies initiates Amdocs as buy Jefferies said it sees opportunity for the Israel-based software and systems integration supplier. "

Persons: Stifel, TD Cowen, Morgan Stanley downgrades Alibaba, Morgan Stanley, it's, Alibaba, Tesla, Cantor Fitzgerald, Cantor, Jefferies, Piper Sandler, TXRH, Wells, Wells Fargo, Emerson, Oppenheimer, Goldman Sachs, Bonnie Herzog's, MarketWise, Redburn, Johnson Organizations: Boeing, Delta, Air Lines, Citi, Spotify, RBC, Western Alliance, Novo Nordisk, Arcos, American, Crescent Energy, Fortrea Holdings, ISI, Aspen Technology, Emerson, JPMorgan, Constellation Brands, Constellation, UBS, Bank of America, Norfolk Southern, of America, Norfolk, CSG Systems, Communication Service, Financial Services, Technology, Healthcare, Westinghouse, Johnson, Innovative Medicine, Pharmaceutical Locations: Europe, China, Arcos, 4Q24, reaccelerate, Aspen, Norfolk, Israel

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. The company was set to erase more than $40 billion in market capitalization if losses hold, based on its current share price of $482.20. Nvidia, which has been at the forefront of artificial intelligence developments with its tailor-made graphics processing units, said its China business will take a hit from tighter export controls. Still, it forecast current-quarter revenue of $20 billion, plus or minus 2%, beating analysts' average estimate by more than $2 billion, according to LSEG data. "This disconnect between stellar earnings and an uncertain future in China is causing investor concern," said Scott Acheychek, CEO of REX Shares, which offers a fund linked to Nvidia shares.

Persons: Scott Acheychek, Nvidia's, Kyle Rodda, NVDA, Stifel, Arsheeya Bajwa, Chavi Mehta, Arun Koyyur Organizations: NVIDIA, Handout, REUTERS Acquire, Nvidia, REX, Thomson Locations: Santa Clara , California, China, Bengaluru

The group usually has one active case against financial regulators, but currently has two against the Securities and Exchange Commission (SEC) and one against the Consumer Financial Protection Bureau (CFPB), he said. To be sure, the financial regulators have been sued many times during previous administrations, including by pro-reform advocacy groups. "There are some financial regulators that are walking right into it," he added. In September, for example, bank groups accused regulators including the Federal Reserve of violating the APA with a new capital rule. According to research by Wharton School professor David Zaring, neither industry groups nor individual lenders have filed more than one suit over the past decade challenging Fed policymaking.

Persons: Jim Bourg, Gibson, Dunn, Crutcher, Joe Biden's, Donald Trump's, Tom Quaadman, Jack Inglis, CFPB, Dennis Kelleher, Trump, Eugene Scalia, Gibson Dunn, Scalia, Antonin Scalia, Rebeca Romero Rainey, David Zaring, Kelleher, Douglas Gillison, Chris Prentice, Pete Schroeder, Nate Raymond, Jody Godoy, Megan Davies, Nick Zieminski Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, WASHINGTON, Democratic, Republican, Reuters, APA, U.S . Chamber of Commerce, Securities and Exchange Commission, Consumer Financial Protection Bureau, Funds, Alternative Investment Management Association, Fifth Circuit, Appeals, Better Markets, Biden, American Bankers Association, Labor, Supreme, Independent Community Bankers of, Federal, Wharton School, Thomson Locations: Washington, Independent Community Bankers of America

☆ Stocks in Asia hit 2-month high, dollar defensive on Fed view
▼ + stars: | 2023-11-21 | by ( Ankur Banerjee | ) www.reuters.com time to read: +5 min

A passerby walks past an electric monitor displaying various countries' stock price index outside a bank in Tokyo, Japan, March 22, 2023. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.97% higher at 510.11 having touched 511.05, the highest since Sept. 18. In rest of Asia, Japan's Nikkei (.N225) edged higher and remained close to the 33-year high it toucehd on Monday. The Japanese yen strengthened 0.22% to 148.03 per dollar, lifting away from the one-year low of 151.92 it touched last week. The Australian dollar , often seen as a barometer of risk appetite, touched a three-month high of $0.65775 earlier in the session.

Persons: Issei Kato, DAX, Wall, Sam Altman, Ben Bennett, Nicholas Chia, murmurs, Hong, HSI, Brent, Ankur Banerjee, Jacqueline Wong, Lincoln Organizations: REUTERS, Rights, . Federal, Nvidia, Microsoft, Stock, Traders, Legal, General Investment Management, Standard Chartered, Japan's Nikkei, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, Asia, Pacific, Europe, Thursday's U.S

☆ Asian stocks hit 2-month high on Wall St rally, Fed view
▼ + stars: | 2023-11-21 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.91% higher at 509.82 having touched 510.42, the highest since Sept. 18. The index is up 7% for the month and on course for its biggest monthly gain since January. The index is up roughly 28% this year, making it the best performing stock market in Asia. Lower yields kept the dollar on the back foot, with the dollar index , which measures the U.S. currency against a basket of six major currencies, down 0.058% at 103.37. The Australian dollar , often seen as a barometer of risk appetite, touched a three-month high of $0.65775 earlier in the session.

Persons: Kim Kyung, Hong, HSI, Wall, Sam Altman, Ben Bennett, Rob Carnell, Brent, Ankur Banerjee, Jacqueline Wong Organizations: Nikkei, REUTERS, Rights, . Federal, Japan's Nikkei, Microsoft, Nvidia, Stock, Traders, Legal, General Investment Management, Treasury, OPEC, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, Asia, Pacific, Thursday's U.S, Russia, U.S, China

The Nasdaq boasted its highest closing level since July 31 while the S&P 500 registered its highest close since Aug. 1. Its biggest boost came from Microsoft (MSFT.O) shares which touched a record high and ended up 2%. The benchmark S&P 500 (.SPX) ended less than 1% below its 2023 closing peak reached in late July. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. The S&P 500 posted 29 new 52-week highs and one new low; the Nasdaq Composite recorded 78 new highs and 90 new lows.

Persons: Bristol Myers, Satya Nadella, Sam Altman, Greg Brockman, Bruce Zaro, Dow, Brendan McDermid, Germany's Bayer, decliners, Sinéad Carew, Amruta, Maju Samuel, Pooja Desai, Richard Chang Organizations: Microsoft, Bristol, Dow, Nasdaq, Nasdaq's, Nvidia, Apple, Granite Wealth Management, Dow Jones, Federal, New York Stock Exchange, REUTERS, Graphics, Traders, Bristol Myers Squibb, Sunday, Boeing, Deutsche Bank, NYSE, Thomson Locations: Providence , Rhode Island, New York City, U.S, Thursday's U.S, New York

☆ Jim Cramer believes Broadcom will get more investor attention when shares cross the $1,000 mark
▼ + stars: | 2023-11-20 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Jim thinks AVGO shares will cross $1,000 which will get more people's attention. 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, Jim, AVGO, Goldman Sachs, Jim Cramer's Organizations: CNBC, Broadcom, VMware, U.S, Adobe, Jim Cramer's Charitable Locations: China

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