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Tesla — The electric vehicle stock gained more than 3% after a Roth MKM upgrade to buy from neutral. The firm cited President-elect Donald Trump's close ties with CEO Elon Musk as a positive catalyst for Tesla's brand. Gap — Shares of the clothing retailer moved nearly 7% higher after receiving an upgrade to overweight at JPMorgan. Analyst Mike Harris said both cyclical and structural factors, including Trump's views on trade, could aid earnings growth for the broader industry. Dana — The auto parts manufacturer surged 14% on the heels of Barclays' upgrade to overweight from equal weight.
Persons: Pat Gelsinger, David Zinsner, Michelle Johnston Holthaus, Tesla, Roth, Donald Trump's, Elon Musk, Stellantis, Carlos Tavares, Tavares, Goldman Sachs, Mike Harris, Goldman, Okta, Morgan, Morgan Stanley, Dana —, Yun Li, Sarah Min, Sean Conlon, Alex Harring Organizations: Intel, JPMorgan, Commercial Metals Company —, Metals, Barclays Locations: Cleveland, Commercial Metals Company — Cleveland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKleintop: December could be strong, but be cautious with "Trump trades." Jeffrey Kleintop, Chief Global Investment Strategist at Charles Schwab, discusses the outlook for December and 2025. He notes December can be strong but advises caution with "Trump trades." For 2025, global growth is expected to mirror 2024, with the U.S. and China slowing while other regions improve.
Persons: Jeffrey Kleintop, Charles Schwab Organizations: Trump, Global Investment, U.S Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's nothing significant that could derail the market rally, says Citi's Kristen BitterlyKristen Bitterly, Citi Global wealth at work, joins 'Closing Bell' to discuss setting up the 2025 portfolio and her market outlook.
Persons: Citi's Kristen, Kristen Organizations: Citi Global
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Rockefeller's Cheryl Young, Hightower’s Stephanie Link and Invesco’s Kristina HooperRockefeller's Cheryl Young, Hightower’s Stephanie Link and Invesco’s Kristina Hooper, join 'Closing Bell' to discuss where to find opportunities, the market rotation and their market outlook.
Persons: Rockefeller's Cheryl Young, Hightower’s Stephanie Link, Invesco’s Kristina Hooper Rockefeller's Cheryl Young, Invesco’s Kristina Hooper
There are signs of a recovery in real estate stocks — and the new cycle should continue for several years, according to Janus Henderson. CBRE is the world's largest property brokerage and a bellwether for the corporate real estate sector, they noted. That uptick in transactions is typically an excellent sign of an inflection point in the cycle, Kuhl said. JRE YTD mountain Janus Henderson U.S. Real Estate ETF "What you're seeing is the market being forward looking and saying, 'Look, we are starting a real estate cycle,'" Kuhl said. The other factor to keep in mind is that real estate cycles last about seven to 10 years, he noted.
Persons: Janus Henderson, Janus, Greg Kuhl, Danny Greenberger, CBRE, Kuhl, REITs, Janus Henderson U.S, you've, It's Organizations: REITs repriced, CNBC, FTSE, Equity, Janus, U.S, Real Locations: U.S, New York
Dollar faces crunch week for U.S. rates, yen holds gains
  + stars: | 2024-12-02 | by ( ) www.cnbc.com   time to read: +3 min
The risk of an early hike was enough to keep the dollar pinned at 149.60 yen , having shed 3.3% last week in its worst run since July. The euro held at $1.0555, after bouncing 1.5% last week and away from a one-year trough of $1.0425. That left the dollar index flat at 105.790, having closed out November with a gain of 1.8% even after last week's setback. "But the bar for a further shift in expected interest rates in favor of the U.S. in the near term is quite high," he added. Political uncertainty is another drag for the single currency as investors wait to see if France's government can survive the week intact.
Persons: Kazuo Ueda, Christian Keller, Jonas Goltermann, Jerome Powell, Michel Barnier Organizations: Bank of Japan, Barclays, Capital Economics, Federal Reserve, European Central Bank, National Locations: Tokyo, U.S, Greece
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is a market I'd be a stock picker not indexer, says Rockefeller's Cheryl YoungCheryl Young, Rockefeller Global Family Office private wealth advisor, joins 'Closing Bell' to discuss where to find opportunities, the market rotation and her market outlook.
Persons: Rockefeller's Cheryl Young Cheryl Young Organizations: Rockefeller, Family
Gap — The clothing retail stock jumped 4.7% after JPMorgan upgraded shares to overweight. Stellantis – Shares sank 9% after CEO Carlos Tavares stepped down from his role at the automaker, effective immediately. The company cited "different views" between Tavares and the board of directors as the reason for the departure. Goldman also initiated Commercial Metals Company as a buy, though shares of that company were flat premarket. Hasbro -- The toy and game company's stock ticked up 1.7% as investors monitored the sales results around Black Friday.
Persons: Carlos Tavares, Tavares, Tesla, Pat Gelsinger, David Zinsner, Michelle Johnston Holthaus, Goldman Sachs, Mike Harris, Donald Trump's, Goldman, Stifel, , Samantha Subin, Jesse Pound, Hakyung Kim nnd Sarah Min Organizations: JPMorgan, Intel, . Steel, , Commercial Metals Company, Hasbro, Black Locations: Cleveland
I don't see a market catalyst right now, says AB's Jim Tierney
  + stars: | 2024-12-02 | 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 EmailI don't see a market catalyst right now, says AB's Jim TierneyJim Tierney, AB CIO of U.S. concentrated growth, joins 'Power Lunch' to discuss if the market rally is really sustainable and his market outlook.
Persons: Jim Tierney Jim Tierney Organizations: U.S
Cantor Fitzgerald reiterates Marvell & Nvidia as top picks Cantor says both stocks remain top picks ahead of Marvell earnings on Tuesday. Goldman Sachs initiates Venom Energy as buy Goldman says it sees "strong shareholder returns" for the energy company. Goldman Sachs downgrades Toast to neutral from buy Goldman says the thesis has played out for the restaurant tech company. Goldman Sachs initiates Ero Copper as buy Goldman says the copper company has a "unique growth profile." Roth MKM upgrades Tesla to buy from neutral Roth said in its upgrade of Tesla that the "world has changed."
Persons: Cantor Fitzgerald, Cantor, it's bullish, Morgan Stanley, Goldman Sachs, Goldman, Stifel, Tesla, Bernstein, Block, Dana, AAPL, Stryker, We'd, Wells, Roth, Dell Organizations: Netflix, Marvell, Nvidia, MU, UBS, Caci International, DHS, AutoDesk, Autodesk, Architective, NET, Energy, Viper Energy, JPMorgan, Air Lease, Burlington, Barclays, NextEra Energy Partners, KT, Deutsche Bank, DELL Locations: France, Germany, AVGO, Cleveland, TOST, Burlington
Gold prices snapped a four-session rally to fall on Monday, pressured by a firmer U.S. dollar and profit-taking, while investors awaited key U.S. economic data for cues on the Federal Reserve's monetary policy outlook. Gold prices snapped a four-session rally to fall on Monday, pressured by a firmer U.S. dollar and profit-taking, while investors awaited key U.S. economic data for cues on the Federal Reserve's monetary policy outlook. Major U.S. data due this week includes U.S. job openings, the ADP employment report and the payrolls report. "If the Fed was to set the stage more clearly for a potential rate hold into 2025, we may likely see gold prices weigh further," Rong said. Gold prices slipped over 3% in November to register its worst monthly performance since September 2023 as the prospect of higher tariffs under the incoming Donald Trump administration to keep interest rates higher for longer loomed.
Persons: Yeap Jun Rong, Jerome Powell, Rong, Donald Trump, Trump Organizations: Federal, U.S ., U.S, Saturday
S&P 500 to end 2025 at 4,100, says strategist
  + stars: | 2024-12-02 | 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 EmailS&P 500 to end 2025 at 4,100, says strategistPeter Berezin of BCA Research explains his bearish outlook on the S&P 500 next year, pointing to his expectations for a recession and a decline in earnings estimates.
Persons: Peter Berezin Organizations: BCA Research
AdvertisementThe US housing market will keep shifting in 2025, according to Zillow. Homebuying activity should pick up after a long slump, despite choppiness in mortgage rates, the firm said. Between stubbornly high mortgage rates and elevated prices, home buyers had a tough time navigating the housing market in 2024, but more changes could be coming next year, Zillow says. In a recent outlook, the real estate listings site forecast a handful of developments for next year's housing market, which they noted is still in the process of normalizing since the pandemic. Mortgage rates will be choppyZillow predicted that mortgage rates will bounce up and down throughout next year.
Persons: Zillow, Freddie Mac, Skylar Olsen, Olsen, there's Organizations: National Association of Realtors
Top Wall Street analysts look to pick stocks of companies that are backed by strong financials, reliable business models and that boast attractive product offerings. With that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. ServiceNowThis week's first pick is artificial intelligence-enabled workflow automation software company ServiceNow (NOW). Following a virtual fireside chat with ServiceNow's CFO Gina Mastantuono, Mizuho analyst Gregg Moskowitz reiterated a buy rating on NOW stock. The analyst also raised the price target to $1,070 from $980 to account for the rise in comparative valuation multiples.
Persons: Rafael Enrique, Lightrocket, Donald Trump, Gina Mastantuono, Gregg Moskowitz, Moskowitz, TipRanks, TD Cowen, Derrick Wood, Wood, Twilio Organizations: Wall, Mizuho, ServiceNow's Locations: Snowflake's, Snowflake
Fed Chair Jerome Powell said in a recent speech in Dallas that it is still too early to consider how Trump’s tariff plans would affect the US economy. Trump’s tariffs would almost certainly push up prices for imported goods like avocados, cars and tequila. Retaliatory tariffs and consumer perceptionsFed officials will eventually develop economic models of how the US economy could perform under different tariff scenarios. Two potential developments they’ll consider will be whether retaliatory tariffs emerge from Trump’s plans, if enacted, and if Americans believe inflation will pick up. Despite the better outlook on price increases, “consumers overwhelmingly selected higher prices as their top concern and lower prices as their top wish for the new year,” the Conference Board added.
Persons: Donald Trump’s, Jerome Powell, Trump, Claudia Sheinbaum, , Stephanie Aliaga, ” Powell, ” Quincy Krosby Organizations: Washington CNN —, Federal Reserve, International Monetary Fund, Trump, Fed, Conference, Board, Asset Management, Treasury, LPL Locations: Dallas, Mexico, Canada, North America
President-elect Donald Trump announced Saturday he would pick Kash Patel, the former chief of staff to to the acting secretary of defense during the first Trump administration, to serve as director of the Federal Bureau of Investigation. "Kash is a brilliant lawyer, investigator, and “America First” fighter who has spent his career exposing corruption, defending Justice, and protecting the American People," Trump wrote in a post to Truth Social, arguing Patel would "bring back Fidelity, Bravery, and Integrity to the FBI." Patel has earned a reputation as the ultimate Trump loyalist who has called for a purge of perceived enemies in the Justice Department and intelligence agencies. During the closing months of Trump’s tenure, the former president proposed Patel to serve as the deputy CIA director or to take over the FBI. He accused Patel of being a Washington bureaucrat who would interfere in a case where he was not needed.
Persons: Donald Trump, Kash Patel, Trump, Kash, Patel, Trump’s, , ” Patel, Chris Miller, Gina Haspel, William Barr, “ Patel, ” Barr, Joe Biden, Marc Short, Mike Pence, Steve Bannon, Bannon, , it’s, we’re, “ King Donald, Shawn Ryan, Lynn Hughes, Organizations: Federal Bureau of Investigation, American People, Fidelity, Bravery, FBI, Trump, Justice Department, , Democratic, National Security Council, Kash Foundation, Navy, ISIS Locations: Trump, Russia, Trump’s, Miami, Libyan, U.S, Benghazi, , Houston, Central Asia, Washington, Tajikistan
Kaitlin Sonday, 25, Lincoln, Nebraska Works mainly in the beauty section at Target, making $16.50 an hour. Even so, Sonday, 25, of Lincoln, Nebraska, prefers retail to a job that would put her animal science degree to use. And if retail works for you, that’s OK, too. Kaitlin Sonday, Lincoln, Neb. “And if retail works for you, that’s OK, too.
Persons: Kaitlin Sonday, she’s, “ It’s, , Sonday isn’t, Sonday, , ” Sonday, Brian Harper, Tibaldo, Italy —, don’t Organizations: Target, MIT, Brands, Hyundai, University of Nebraska Locations: Lincoln , Nebraska, Lincoln’s Lancaster County, NeighborWorks, Lancaster County, Lincoln, Neb, ZipRecruiter, Italy, Lincoln County
Sebastian Kahnert | Picture Alliance | Getty ImagesAnnual euro zone inflation rose to 2.3% in November, statistics agency Eurostat said Friday, climbing back above the European Central Bank's 2% target. Economists polled by Reuters had expected the 2.3% annual rate for the month, up from 2% in October. Core inflation, excluding volatile energy, food, alcohol and tobacco prices, held at 2.7% for a third straight month in November. Inflation came in slightly higher than forecast in October, while ECB policymakers, including executive board member Isabel Schnabel, have stressed the need for caution in monetary easing. The ECB's decision will largely be informed by the latest staff macroeconomic projections it will receive just ahead of its upcoming Dec. 12 meeting.
Persons: Sebastian Kahnert, Price, Isabel Schnabel, Donald Trump Organizations: Getty, Eurostat, Central, Reuters, ECB Locations: Dresden, Union
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrowdStrike is well-positioned for recovery next year after July outage caused some customer churnAndrew Nowinski of Wells Fargo discusses CrowdStrike business outlook after reporting earnings for "the most challenging" quarter ever.
Persons: Andrew Nowinski Locations: Wells
Ether , the digital silver to bitcoin's gold, has outperformed the rest of crypto since the U.S. election and brought ether ETFs to life at last. Plus, the absence of regulatory clarity has meant an inability for investors to " stake " their ether for yield. It's still up 59% for 2024, but it's trailing bitcoin at 126% and the rest of the crypto market, as measured by the CoinDesk 20 index, at 94%. "[The] Trump impact on bitcoin and crypto including ETH is not priced in yet," he said. To be sure, there's an awareness gap among average investors of bitcoin versus ether.
Persons: Solana, It's, Zach Pandl, Mark Connors, Donald Trump, Trump, Joe Biden, Pandl, Ethereum, Matt Hougan, , JPMorgan's, Hougan, I'm, Harris, — it's Organizations: Investors, Solana, ETH, Bitwise, DeFi Locations: United States, U.S, tokenization, bitcoin, ETH —, ETH
Bank of England warns of risks from rise in global trade barriers
  + stars: | 2024-11-29 | by ( ) www.cnbc.com   time to read: +2 min
Andrew Bailey, governor of the Bank of England (BOE), during the Monetary Policy Report news conference at the bank's headquarters in the City of London, UK, on Thursday, Aug. 1, 2024. The Bank of England warned on Friday that higher trade barriers could hit global growth and feed uncertainty about inflation, potentially causing volatility in financial markets and pushing up borrowing costs for businesses and consumers. While U.K. households, businesses and banks appeared to be in good shape, the BoE report said, Britain's financial sector faced risks that were "particularly relevant" given the openness of the U.K. economy. "Uncertainty around, and risks to, the outlook have increased," the report said. Bailey also stressed the importance of minimum international financial standards in the wake of the Nov. 5 U.S. election.
Persons: Andrew Bailey, BOE, Donald Trump, BoE, Bailey, Trump, Rachel Reeves Organizations: Bank of England, City of, The Bank of England, U.S, Trump Locations: City, City of London
Is the vibecession about to end?
  + stars: | 2024-11-29 | by ( William Edwards | ) www.businessinsider.com   time to read: +5 min
Optimism surged post-2016 election, with small businesses planning to hire more employees. Yes, that's a portmanteau of vibes and expansion, and it's the upbeat version of its better-known cousin, the vibecession. Advertisement"Small business owners lean Republican," said Oliver Allen, a senior US economist at Pantheon Macroeconomics, in a November 12 note. Goldman Sachs"After Donald Trump was elected the 45th President in November 2016, the National Federation of Independent Businesses (NFIB) small business optimism index skyrocketed. "We expect an improving small business operating environment will boost the sentiment and spending of SMBs in 2025 and lift the earnings and valuation of stocks with revenues tied to that spending."
Persons: Kyla Scanlon, National Bureau of Economic Research hasn't, there's, Donald Trump's, Oliver Allen, Goldman Sachs, Donald Trump, David Kostin, they're, Daniel Zhao, Louis, Zhao Organizations: National Bureau of Economic Research, Pantheon, National Federation of Independent Businesses, Chief US, Economics, Workers, Glassdoor, Louis Fed Locations: St
In a world where sentiment drives purchasing decisions, these differences in opinion could shape how much people end up spending this holiday season. "It's very hard being a millennial and having to worry about buying a house, affording groceries, rent, all that stuff. Meanwhile, Trump voter Armando Duarte, a 62-year-old retired utility worker from Fort Lee, New Jersey, told CNBC he's feeling a lot better about the holiday shopping season since Trump won. In GOP-won states, shipping volumes increased by 50.4% after the election, while Democrat-won states saw volumes decrease by an average of 11.2%. Only two blue states — Illinois and Minnesota — saw shipping volumes increase after the election, while all others saw rates fall.
Persons: Donald Trump, Kamala Harris, Harris, Amanda Davila, I'm, Davila, Trump, Armando Duarte, Duarte, Jobs, Meir Statman, University's Organizations: CNBC, Trump, Santa, University's Leavey School of Business, Shipping, GOP, Democrat Locations: Texas , Michigan , New Jersey , New York , Connecticut, North Carolina, Virginia, New York City, Fort Lee , New Jersey, — Illinois, Minnesota
To counter that, Jim Cramer has said investors should not lose sight of what can go right for their stocks. Smooth chip updates: AMD needs to successfully carry out its annual release cycle for AI chips. That needs to be sustained to justify Meta's heavy spending on AI chips. Nevertheless, correcting this dynamic should translate into faster revenue growth rates. Palo Alto Networks Bigger deals: Cybersecurity is a secular growth market: As the number of bad actors grows, companies can't afford to not invest in defense.
Persons: Jim Cramer, Abbott, Donald Trump, Trump, Joe Biden, Eaton, Eli Lilly, Eli Lilly's GLP, Lilly, Hurricanes Helene, Milton, Elliott Management's, Elliott, Jim, Linde, Morgan Stanley Lower, Morgan, Biden, , Jensen Huang, Palo, Stanley Black, Brian Niccol's, Wells, Jim Cramer's, Timothy A, Clary Organizations: Abbott, Devices, Microsoft, AMD, Nvidia, Justice Department, Services, Trump, Apple, Apple Intelligence, Federal, Bristol Myers Squibb, Bristol Myers, Broadcom, Constellation Brands, Modelo, Costco, U.S, Netflix, Coterra Energy, LNG, DuPont, GE Healthcare, GE, Hurricanes, Honeywell Business, Honeywell, Linde, Meta, Facebook, Federal Reserve, GOP, Nvidia's, Industry, Palo Alto, Decker, Starbucks, Walt Disney Parks, TJX, Jim Cramer's Charitable Trust, CNBC, Traders, New York Stock Exchange, Getty Locations: U.S, BlackRock, Corona, China, Dover, , New York City
Now Kimberly is having to navigate her way through life without her beloved husband, while residing in the destination that they chose to start afresh in. Putting down rootsIn 2021, the couple visited Portugal and decided to settle there. “It’s hard to learn Portuguese, because Portuguese people want to practice their English,” she says. “I really don’t want to start over,” she says, adding that she’s not ready to move Mark’s stuff anywhere. But while Portugal may not be filled with decades of memories of Mark, her grief remains inescapable regardless.
Persons: Kimberly Walker, Mark, , ” Kimberly, There’s, Kimberly, they’d, , we’d, Mark jetted, ’ ” Kimberly, she’s, It’s, it’s, I’ve, She’d, she’d, Honey, I’m, she’ll, hadn’t, “ There’s Organizations: CNN, Golden State, CNN Travel, San, downer Locations: San Diego , California, Poland, Montenegro, Australia, Portugal, United States, Europe, Southern California, San Diego, Amsterdam, Denmark, Brussels, Germany, France, Spain, Italy, United Kingdom, New Zealand, , Vilamoura, Algarve, America, Ireland, Kimberly, Norway, California, Oxfordshire, London, Portuguese
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