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Stocks are primed for another big stock market gain in 2025 given U.S. economic strength and likely deregulation under President-elect Donald Trump, according to Wells Fargo. The Wall Street bank expects the S & P 500 will advance to 6,600 by the end of 2025. .SPX YTD mountain S & P 500 Wells Fargo is the latest big firm to release its 2025 S & P 500 year-end target, with virtually all shops thus far anticipating a roughly 10% gain or more for the broad market index. Goldman Sachs' David Kostin this week said he expects the S & P 500 to end next year at 6,500. The S & P 500 surged 24% in 2023, and is up more than 23% this year.
Persons: Donald Trump, Darrell Cronk, Goldman Sachs, David Kostin, Morgan Stanley's Mike Wilson, Brian Belski, Cronk Organizations: Wells, Investment Institute, BMO, UBS, CNBC, & $ Locations: Wells Fargo, Tuesday's
Nick Begich III, the Republican son of a prominent liberal political family in Alaska, has defeated Representative Mary Peltola to win the state’s sole House seat, according to The Associated Press, ousting one of the nation’s most vulnerable Democrats and adding to Republicans’ slim House majority. This time, Mr. Begich benefited from a G.O.P. Ms. Peltola, the first Alaska Native elected to Congress, staked her campaign on her working-class appeal and presented herself as a solutions-focused pragmatist fighting for the state’s future. Before Ms. Peltola, the last Democrat to represent Alaska in the House was Nick Begich Sr., Mr. Begich’s grandfather. Former Young aides called Mr. Begich deceitful and disloyal to their boss and chose to back Ms. Peltola instead.
Persons: Nick Begich III, Mary Peltola, Begich, Peltola, Sarah Palin, Don Young, Nick Begich, Begich’s, Young, Young’s Organizations: Associated Press, , Caucus, Republicans, Alaska, Republican, Congress, Mr Locations: Republican, Alaska, Anchorage
ET, the yield on the 10-year Treasury was up by over four basis points to 4.4178%. The 2-year Treasury yield was last trading at 4.2932% after rising by more than two basis points. U.S. Treasury yields were higher on Wednesday as investors considered the geopolitical situation and assessed the latest economic data. Elsewhere, investors weighed the latest economic data, with new housing starts falling short of expectations in October, and building permits slipping month over month, according to data published Tuesday. Later in the week, investors will be watching out for October's flash purchasing managers' index reports from S&P Global for the services and manufacturing sector.
Persons: Vladimir Putin, Donald Trump's Organizations: Treasury, U.S, Investors, Global, Federal Reserve Locations: Russia, Ukraine, U.S, Ukraine's, Kyiv
Small-caps, small-cap value, non-US value stocks are expected to outperform with low valuations. Research Affiliates Founder Rob Arnott sees a bear market ahead for large-cap growth stocks. That spells trouble for the S&P 500, which is heavily made up of giant growth stocks like Apple, Microsoft, and Nvidia. Small-cap stocks, small-cap value stocks, and non-US value stocks are all poised to deliver at least 10% returns annually over the next 10 years, he said. Small-cap value stocks (Russell 2000 Value index) are also cheap, with a 14 CAPE ratio.
Persons: Rob Arnott, Arnott, Russell, Vanguard Russell Organizations: Research, Apple, Microsoft, Nvidia, Russell, Equity, Vanguard Locations: Japan, Europe, U.S
The outlook for equity markets looks "decent" going into 2025, according to Barclays, as central banks cut interest rates and the global economy remains resilient. The bank named "overweight-rated stocks in which our analysts have high conviction in 2025 and see value in owning on an individual basis." Here are three of Barclays' top picks, which it gives over 35% upside potential: Shell Barclays is bullish on Shell and has a target price of £36 ($45.60) on the stock, giving it around 40% upside potential. They are currently trading around a three-times discount to their five-year average, Barclays' analysts said. Barclays has a target price of 160 euros ($169.50) on the Amsterdam-listed stock, giving it 44% potential upside.
Persons: BeSi, — CNBC's Michael Bloom Organizations: Barclays, Shell Barclays, Shell, London Stock Exchange, AstraZeneca, London, Stockholm Stock Exchanges, BE Semiconductor, BE Semiconductor Industries, Euronext Locations: U.S, , Euronext Amsterdam, Amsterdam
Oppenheimer's top stock picks heading into year-end
  + stars: | 2024-11-20 | by ( Sean Conlon | ) www.cnbc.com   time to read: +3 min
Meanwhile, the Dow Jones Industrial Average and the S & P 500 are each up more than 3% month to date. As November nears its close, Oppenheimer has updated its top stock ideas list. Its $145 price target reflects almost 22% upside from Tuesday's close. Oppenheimer believes medical technology company Transmedics is also due for a rally, as its $125 target reflects nearly 51% upside from Tuesday's close. TMDX YTD mountain TMDX, year-to-date For newly added Citigroup, Oppenheimer's $107 target implies more than 56% upside from Tuesday's close.
Persons: Stocks, Donald Trump's, Oppenheimer, Rob Lynch, Brian Bittner, Suraj Kalia Organizations: Oppenheimer, Nasdaq, Dow Jones Industrial, Citigroup, Oppenheimer's Locations: Instacart
The New York Stock Exchange welcomes Snowflake to usher in the first day of winter on Dec. 21, 2021. Snowflake shares on Wednesday spiked 19% in extended trading after the data analytics software maker reported fiscal third-quarter earnings that beat estimates. Product revenue, at $900.3 million, represented around 96% of total revenue. Snowflake called for $3.43 billion in fiscal 2025 product revenue, implying 29% growth. Snowflake had 10,618 customers at the end of October, having added 369 in the fiscal third quarter.
Persons: Snowflake, StreetAccount, Snowflake's, we've, Jefferies Brent Thill Organizations: New York Stock Exchange, Anthropic
Nvidia is set to report fiscal third-quarter results after the stock market closes Wednesday. If the options market is any guide, the results could spark a big move higher, according to Goldman Sachs. Analyst John Marshall said options are implying an 8.3% move in either direction for Nvidia. Marshall said the Wall Street bank expects Nvidia to beat third-quarter expectations driven by strong double-digit data center revenue growth. Elsewhere this morning on Wall Street , Pivotal Research hiked its price target on Netflix to $1,100 — the highest on Wall Street.
Persons: Goldman Sachs, John Marshall, Goldman, Marshall, Tyson, Paul, Jeffrey Wlodarczak Organizations: Nvidia, LSEG, Blackwell, Netflix
Now, they're waiting "until the last moment of need, focusing on deals, and then stocking up," CEO Brian Cornell said. Chief Commercial Officer Rick Gomez provided additional detail about how this new consumer pattern has played out for the company. Advertisement"Our Target Circle week this quarter was one of our biggest yet," he said. Unseasonably warm temperatures also meant that shoppers delayed their purchases of cold-weather apparel until they actually needed it, Gomez said. "Would you be willing to trade some of the upside in those areas for even more consistency from quarter to quarter?"
Persons: Brian Cornell, Rick Gomez, Gomez, Neil Saunders, , Fitch, David Silverman, Michael Lasser, Cornell Organizations: Target, Walmart, Data, UBS Locations: New York
AdvertisementPristina Mok has worked at some of Singapore's top Michelin-star restaurants like Odette and Zen. After a few years at Odette, she worked at Zen, a three-Michelin-star restaurant serving Nordic dishes with Asian influences. Fine dining, apartment-styleMok's cozy fine dining restaurant seats eight guests three times a week. Aditi BharadeUpon entering Fragment, guests are often greeted by Pebble, Mok's poodle. AdvertisementScaling down has its drawbacksWhile her husband helps her plate and serve the dishes, Mok handles most of the workload.
Persons: Pristina Mok, Odette, Aditi Bharade, Mok, Lionel Lim, Aditi Bharade Mok, , hadn't Organizations: Michelin, National Gallery of Singapore, Zen, Raffles Locations: Pristina, Mok's, Hokkaido
Corporate insiders are taking advantage of the stock market's postelection boom to all-time highs, unloading shares at record levels. The data includes trades made under preplanned 10b5-1 trading plans. Plus, many 10b5-1 trading plans are price-triggered meaning that executives select levels at which to sell shares. Executives at private education firm Grand Canyon Education have sold an aggregate $2.3 million worth of shares in the fourth quarter, per Verity. Nucor CEO Leon Topalian sold $1.9 million in shares the day following the election at an average price of $169.11.
Persons: preplanned, Ben Silverman, Silverman, Verity, Brian Mueller, Reid Hoffman's, Donald Trump's, Tump, Alexander Karp, Daniel D'Aniello, Carlyle, Tesla, Kathleen Wilson, Thompson, Robyn Denholm, Phillip Juhan, Eric Swider, Leon Topalian, Holden Lewis, Daniel Florness, , Jesse Pound Organizations: Education, Canyon Education, Partners, Aurora, Big, Carlyle Group, Trump Media, Securities, Exchange
Einhorn said he's not bearish, but there will likely be better entry points into the market. Add David Einhorn to the list of top Wall Streeters pointing out how expensive the stock market is. Advertisement"This is a really, really, really pricey environment, but it doesn't necessarily make me bearish. Einhorn called this "the most expensive market of all time, as far as I can see, at least since I've been managing." AdvertisementBank of AmericaEinhorn is one of many to highlight stock valuations as a factor likely to impact forward returns.
Persons: David Einhorn, Einhorn, he's, CNH Industrials, it's, I've, Bank of America Einhorn, Goldman Sachs, David Kostin, Rob Arnott, Nelson Peltz, CNH, that's, That's Organizations: Alpha, Delivering Alpha, Capital, Bank of America, Research, Trian Partners, AG
Stock futures are near flat Wednesday night as investors parsed the all-important earnings release from artificial intelligence darling Nvidia . Investors kept a close eye on after-the-bell earnings from Nvidia, the chipmaker that has dazzled Wall Street for more than a year as a key AI beneficiary. While the company beat expectations for the third quarter and issued strong guidance, shares shed more than 1%. On the other hand, Snowflake jumped more than 19% after the data analytics software company beat expectations for the third quarter. That action follows a mixed day on Wall Street, with the S&P 500 ending near flat.
Persons: University's, Snowflake, Dow, Beth Hammack, Austan Goolsbee, Jeff Schmid Organizations: New York Stock Exchange, Stock, Nvidia, Dow Jones Industrial, Nasdaq, Investors, Dow, University's Stern School of Business, Traders, Cleveland Federal, Chicago Fed, Kansas City, Intuit Locations: New York City, New
CNN —Lady Gaga is returning to the desert to mark her second appearance as the headliner for Southern California’s signature Coachella Valley Music and Arts Festival. The Oscar-winner was announced as one of the three top headliners on Wednesday, according to the festival’s website, with Green Day and Post Malone rounding out the trio. Gaga will be the Friday headliner at the two-weekend fest, with Green Day headlining on Saturday and Malone serving as the Sunday headlining act. Rapper Travis Scott will also be appearing at the festival to perform a career retrospective set, according to Goldenvoice, the festival’s organizer. Gaga notoriously headlined the music festival in 2017 after Beyoncé – then pregnant with her twins Sir and Rumi – dropped out as that year’s original headliner, per doctor’s orders.
Persons: Gaga, Malone, Travis Scott, Goldenvoice, Charli XCX, Missy Elliot, Megan Thee Stallion, Benson Boone, Lisa, Shaboozey, Beyoncé –, Rumi –, Beyoncé, , , Presale Organizations: CNN, Southern, Music, Arts Festival, Green, Polo Club – Locations: Indio’s
AdvertisementPristina Mok has worked at some of Singapore's top Michelin-star restaurants, like Odette and Zen. After a few years at Odette, she worked at Zen, a three-Michelin-star restaurant serving Nordic dishes with Asian influences. Fine dining, apartment-styleMok's cozy fine dining restaurant seats eight guests three times a week. Aditi BharadeUpon entering Fragment, guests are often greeted by Pebble, Mok's poodle. AdvertisementScaling down has its drawbacksWhile her husband helps her plate and serve the dishes, Mok handles most of the workload.
Persons: Pristina Mok, Odette, Mok, Aditi Bharade, Lionel Lim, Aditi Bharade Mok, , hadn't Organizations: Michelin, National Gallery of Singapore, Zen, Raffles Locations: Pristina, Mok's, Singapore, Hokkaido
Brewing worker resentment could fuel a 2025 quitting spree
  + stars: | 2024-11-20 | by ( Jennifer Liu | ) www.cnbc.com   time to read: +2 min
The job market could be poised for a fresh wave of people quitting, according to a new Glassdoor report. Employees' satisfaction in their career opportunities has been on the decline since 2022 after people settled into new roles following the post-pandemic hiring boom known as the Great Resignation. "People don't feel like the job market is working for them right now, even if you hear economists and policymakers talk about how strong and resilient the job market is," Glassdoor senior economist Daniel Zhao tells CNBC Make It. "The desire [to quit] is there, but the opportunities aren't," Zhao says. For example, some sectors, like housing, real estate and tech, could be buoyed by the Federal Reserve's interest rate cuts, Zhao says.
Persons: Daniel Zhao, Zhao, Terry Petzold, Donald Trump Organizations: CNBC, Fox Search, White
Keep reading to learn how to watch the CMA Awards, including live streaming options for those without cable. While it's her first time hosting the show, she's no stranger to the CMA Awards. How to watch the CMA Awards in the USThe CMA Awards will air on ABC on Wednesday, November 20, at 8 p.m. Those without cable can still live stream the awards show using a month-to-month live TV streaming service like Sling TV, DirecTV Stream, or Fubo. Check price at FuboHow to watch the CMA Awards from anywhereTraveling outside the US and still hoping to tune in to the CMA Awards?
Persons: Luke Bryan, Peyton Manning, Lainey Wilson, it's, Wilson, Morgan Wallen, Jelly Roll, Luke Combs, Kacey, Chris Stapleton, Post Malone, Ballerini, Noah Kahan, Simone Biles, Freddie Freeman, Billy Bob Thornton, George, Jamey Johnson, Miranda Lambert, Parker McCollum, Stapleton, we've, ExpressVPN Organizations: Business, Country Music, CMA, Big Town, Post, ABC, DirecTV, DirecTV Stream Locations: Nashville, George Strait
European markets are expected to open higher Wednesday as markets keep an eye on a spike in tensions in the Ukraine-Russia war. The U.K.'s FTSE 100 index is expected to open 4 points higher at 8,106, Germany's DAX up 46 points at 19,108, France's CAC up 23 points at 7,252 and Italy's FTSE MIB up 118 points at 33,567, according to data from IG. Asia-Pacific markets were mostly lower overnight after a mixed day on Wall Street amid the mounting geopolitical tensions. U.S. stock futures ticked higher on Tuesday evening, as investors looked toward a key earnings report from tech giant Nvidia . Traders are looking for more details on demand for Nvidia's Blackwell AI chips, which CEO Jensen Huang last month characterized as "insane."
Persons: Germany's DAX, Nvidia's, Jensen Huang Organizations: France's CAC, IG, Global, West ., Nvidia, Traders, Nvidia's Blackwell, Nasdaq Locations: Ukraine, Russia, U.S, West, West . Asia, Pacific, Severn Trent, British
The request would follow a landmark ruling in August by Judge Amit P. Mehta of the U.S. District Court for the District of Columbia that found Google had illegally maintained a monopoly in online search. Judge Mehta asked the Justice Department and the states that brought the antitrust case to submit solutions by the end of Wednesday to correct the search monopoly. Beyond the sale of Chrome, the government is set to ask Judge Mehta to bar Google from entering into paid agreements with Apple and others to be the automatic search engine on smartphones and in browsers, the people said. The proposals would likely be the most significant remedies to be requested in a tech antitrust case since the Justice Department asked to break up Microsoft in 2000. If Judge Mehta adopts the proposals, they will set the tone for a string of other antitrust cases that challenge the dominance of tech behemoths including Apple, Amazon and Meta.
Persons: Judge Amit P, Mehta, Judge Mehta Organizations: Justice Department, Google, U.S, District of, Chrome, Apple, Microsoft, Meta Locations: District of Columbia
The People's Bank of China (PBOC) building in Beijing, China, on Friday, Nov. 8, 2024. Asia-Pacific markets were set to open mostly lower Wednesday, following a mixed day on Wall Street amid mounting geopolitical tensions between Ukraine and Russia. Japan's Nikkei 225 futures pointed to a mixed open for the market, with the futures contract in Chicago at 38,300 and its counterpart in Osaka at 38,420 compared to the previous close of 38,414.43. According to a Reuters poll, China is expected to leave its benchmark lending rates unchanged on Wednesday after they were cut in October. Hong Kong Hang Seng index futures were at 19,619, slightly lower than the HSI's last close of 19,663.67.
Persons: Australia's Organizations: People's Bank of China, Investors, Reuters, Nikkei Locations: Beijing, China, Asia, Pacific, Ukraine, Russia, Japan, Chicago, Osaka, Hong Kong
Here are Wednesday's biggest calls on Wall Street: Loop reiterates Nvidia as buy The firm said it's standing by the stock heading into earnings on Wednesday. "We see more upside potential and are moving up our target price to $51 from $30. Pivotal reiterates Netflix as buy Pivotal raised its price target on Netflix to a Street high $1,100 from $925. Goldman Sachs reiterates Microsoft as buy Goldman said it's standing by the stock following the company's Ignite Conference in Chicago on Tuesday. Citi downgrades Target to neutral from buy The firm downgraded the stock following earnings on Wednesday morning and says it's losing share.
Persons: NVDA, hasn't, Bernstein, Robinhood, HOOD, Tyson, Paul, Apple, Goldman Sachs, Goldman, Piper Sandler, Piper, Morgan Stanley, it's, DELL, qtr, Guggenheim, Oppenheimer, JPMorgan Chase, Cava Organizations: Nvidia, Deutsche Bank, Gaming, Leisure Properties, Deutsche, Netflix, Bank of America, Walmart, Microsoft, Adobe, JPMorgan, Dell, of America, Underperform, Trump, Barclays, Newell Brands, Citi, Target, TGT, HSBC Locations: Chicago
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin hits new record near $95,000 as investors monitor Trump transition: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Andrew O'Neill of S&P Global Ratings discusses how crypto policy changes under Trump could affect crypto prices.
Persons: explainers, Andrew O'Neill of S Organizations: Trump, CNBC Crypto, CNBC
It more than doubled the criteria needed to be designated a bomb cyclone from Monday night to Tuesday night. A storm off the Northwest coast strengthens rapidly Tuesday, earning the bomb cyclone designation. Gusts up to 60 mph slammed western Oregon and Northern California endured gusts up to 80 mph. Another bomb cyclone? Another bomb cyclone could develop and rapidly strengthen just off the West Coast on Friday.
Persons: ” “, Rob Corcoran’s, ” Corcoran, , Rob Corcoran's, Rob Corcoran, KIRO, , Isaac Yee, Sara Smart, Mike Madrigal Organizations: CNN, BC Hydro, Puget Sound Energy, County Fire Department, Puget Sound, Washington, Amtrak, KIRO, National Weather Service, Pacific Northwest, Weather Locations: Pacific Northwest, British Columbia, West, Washington, Seattle, Bellevue, County, Maple Valley, Lake Tapps , Washington, Stanwood, Medford , Oregon, Oregon, Northern California, Pacific, Eureka , California, California, San Francisco Bay, Coast
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Russia warns of nuclear responseUkraine "struck a facility in [the] Bryansk region" of Russia using six U.S.-made missiles, said Russia's Ministry of Defense. On Tuesday, Russian President Vladimir Putin updated the country's nuclear doctrine, expanding the circumstances that would warrant a response using nuclear weapons. Markets recovered from jittersU.S. markets mostly closed higher on Tuesday after dipping in response to news of heightened geopolitical tensions.
Persons: Vladimir Putin, Cristiano Amon's, Atomico, Goldman Sachs, David Kostin Organizations: CNBC, Ministry of Defense, Micro Computer, Eurostat, Qualcomm Qualcomm, Qualcomm, Venture Locations: Russia, Ukraine, Bryansk, jitters U.S, New, Europe, Tuesday's, U.S
But for his latest role starring in the Paramount+ drama "Landman," Thornton was tasked with a new, unique challenge: playing a version of himself. On ad-libbing his famous 'Friday Night Lights' speechThornton in "Friday Night Lights." Universal Pictures2004's "Friday Night Lights" is a beloved sports movie, and a big reason for that is the locker room speech your character, Coach Gary Caines, delivers. AdvertisementIn the pilot episode of "Landman," you film a scene at the high school football stadium in Odessa, Texas, where you filmed "Friday Night Lights." I ran into extras who were the children of extras on "Friday Night Lights."
Persons: Billy Bob Thornton, Thornton, Taylor Sheridan, it's, Tommy Norris, Norris, Tommy, Angela, Ali Larter, Monty, Jon Hamm, Billy Bob, Billy McBride, there's, Billy Wilder, Kurt Russell Bill Paxton, Stanley Donen's, Dan Aykroyd, Donna, Dan, Dudley Moore, Debbie Reynolds, Sammy Cahn, Sinatra, Stanley Donen, Bill Paxton, Bill, Rick Rossovich, Jeff Fahey, Kurt Russell, Kurt, Harvey Weinstein, Matt Damon, Penélope Cruz, Oscar, It's, Weinstein, Harvey, Matt, Damon, Cruz, Henry, Thomas, Lucas Black, Jayne Mansfield's, Gary Caines, Jerry Jones, Pete Berg, Boobie Miles Organizations: Paramount, Sporting, Bel Air, Columbia, Getty, Miramax Films, Sony, Miramax, Universal, Cowboys Locations: Fargo, West Texas, Mexican, Bel, Hollywood, Austrian, Fort Worth, Hot Springs, Odessa , Texas
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