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☆ The Trump trade is still intact, says Fundstrat's Tom Lee
▼ + stars: | 2024-11-18 | 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 EmailThe Trump trade is still intact, says Fundstrat's Tom LeeTom Lee, Fundstrat Global Advisors head of research, joins 'Squawk Box' to discuss last week's market stumbles, why markets are still in a good place despite slowing rate cuts, and much more.

Persons: Trump, Tom Lee Tom Lee Organizations: Fundstrat Global Advisors

☆ What to watch for in retail earnings this week
▼ + stars: | 2024-11-18 | 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 EmailWhat to watch for in retail earnings this weekGerald Storch, Storch Advisors CEO, joins CNBC's 'Money Movers' to discuss the state of the consumer, what he's looking for in retail earnings this week, and more.

Persons: Gerald Storch Organizations: Storch Advisors

☆ Nasdaq rebounds after rough week
▼ + stars: | 2024-11-18 | 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 EmailNasdaq rebounds after rough weekRichard Bernstein, Richard Bernstein Advisors CEO, and Sameer Samana, Wells Fargo Investment Institute senior global market strategist, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Richard Bernstein, Sameer Samana Organizations: Wells Fargo Investment Institute Locations: Wells Fargo

☆ There's trouble brewing in the chip sector outside of Nvidia, according to the charts
▼ + stars: | 2024-11-18 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

—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. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: LRCX, Katie Stockton Organizations: Nvidia, ASML Holdings, Lam Research, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: U.S

☆ Stock futures open little changed ahead of major earnings reports: Live updates
▼ + stars: | 2024-11-18 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during the morning trading on November 07, 2024 in New York City. Stock futures are little changed Monday night as investors await key earnings from retailers and chipmaker Nvidia this week. S&P futures shed about 0.05%, while Nasdaq 100 futures traded marginally lower. About 93% of S&P 500 companies have reported quarterly results so far, with three-quarters exceeding expectations and more than 60% beating revenue estimates, according to FactSet. The tech-heavy Nasdaq Composite gained 0.6%, snapping a four-day losing streak, while the S&P 500 added about 0.4%.

Persons: Stocks, Andrew Slimmon, Morgan Stanley Organizations: New York Stock Exchange, Stock, Nvidia, Dow Jones Industrial, Nasdaq, Trump Media & Technology Group, Walmart, Blackwell, Dow Jones, Morgan Stanley Investment Locations: New York City

☆ Americans moving to Canada should be aware of these 4 tax and investment implications
▼ + stars: | 2024-11-16 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

AdvertisementInterest in moving to Canada has spiked among Americans after the election. Advertisement"I think sometimes it can be a knee-jerk reaction," Woodfield said of moving to Canada. AdvertisementTo prevent ex-pats from getting taxed twice on their income, the US and Canada have a tax treaty that provides a foreign income tax credit for any income tax paid to the other country, Woodfield explained. You also don't have the option to file joint income tax returns with your spouse in Canada, Woodfield warned. AdvertisementThe earlier you start preparing for your cross-border move, the better — ideally, one to two tax years before moving, Woodfield said.

Persons: Tiffany Woodfield, Donald Trump, Roe, Trump, Raymond James ., Woodfield, Uncle Sam, RRSPs, …, It's, you've, they've, I've Organizations: White, Wade, SWAN Wealth Management, pats, Income Corporations, IRS Locations: Canada, Spain, they're

☆ How to protect your portfolio against risks tied to President-elect Trump's tariff agenda
▼ + stars: | 2024-11-16 | by ( Krysta Escobar | ) www.cnbc.com time to read: +1 min

Money manager John Davi is positioning for challenges tied to President-elect Donald Trump's tariff agenda. Davi said he worries the new administration's policies could be "very inflationary," so he thinks it is important to choose investments carefully. "Small-cap industrials make more sense than large-cap industrials," the Astoria Portfolio Advisors CEO told CNBC's "ETF Edge" this week. Davi, whose firm has $1.9 billion in assets under management, also likes staying domestic despite the tariff risks. But Davi plans to stay away from fixed income due to challenges tied to the growing budget deficit.

Persons: John Davi, Donald Trump's, Davi, CNBC's, Russell, Trump Organizations: Astoria

☆ Gen Z is ushering in the all-inclusive era
▼ + stars: | 2024-11-16 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +7 min

A survey included in the report found 42% of Gen Z respondents said an all-inclusive was their preferred hotel type, more than any other generation. AdvertisementWhy Gen Z loves all-inclusivesOnce guests book their stays at an all-inclusive, very little additional planning is required. Its $2.7 billion acquisition of Apple Leisure Group in 2021 made it the largest operator of luxury all-inclusive resorts worldwide. AdvertisementAnd Hilton said earlier this year their all-inclusive segment was a "catalyst for growth," noting its Hilton Cancun Mar Caribe All-Inclusive Resort that opened in 2023. For Gen Z in particular there may be an intangible benefit of all-inclusives that will continue to drive demand.

Persons: Haley Mahabadi, She's, Gen Z, it's, Gen, Melanie Fish, It's, Z, Samantha Cintron, Cintron, Hyatt Gen Z, Gen Zers, Malley Goodwin, A'Rielle Thomas, Amy Weinberg, Hyatt Ziva, Hyatt, Weinberg, Hilton, Z isn't, Fish Organizations: Michelin, Expedia, Hyatt Travelers, Hyatt, Marriott, Playa, Hyatt Gen, Fora, Hyatt Demand, Hyatt Zilara, Apple Leisure Group, Secrets, Dreams, Hilton Cancun Mar Caribe Locations: Asia, Mexico, Fora, Playa del Carmen, Orlando, Cancun, Hyatt, Marriott Cancun, Romana, Dominican Republic

☆ What Trump's proposed China tariffs could mean for Apple's profits
▼ + stars: | 2024-11-16 | by ( Sean Conlon | ) www.cnbc.com time to read: +6 min

Under a 25% tariff on goods from China, the Wall Street investment bank sees an EPS loss for Apple of 9.2%. Those estimates make Apple the fifth most vulnerable tech company to potential tariffs on goods from China in Morgan Stanley's research coverage. Bank of America analyst Wamsi Mohan agrees, seeing any tariff impact as "manageable." He sees a 60% tariff on Chinese goods possibly resulting in about a 4% hit to Apple's EPS. By contrast, Dell – which he noted looks positioned to be "most vulnerable" to tariffs – could see an EPS impact of up to about 90%, according to his model.

Persons: Donald Trump's, Tim Cook's Apple, Morgan Stanley, Erik Woodring, Trump, Tesla, –, Morgan, it's, Angelo Zino, Zino, Wamsi Mohan, Apple, Bernstein, Toni Sacconaghi, Sacconaghi, It's, BofA's Mohan, Mohan, Jason Snipe Organizations: Apple, Wall, CNBC, of, Bank of America, Dell, Odyssey Capital, Apple Intelligence Locations: China, U.S, India, Vietnam, Malaysia

☆ This new Goldman Sachs partner is leading the bank's strategy with young heirs and founders
▼ + stars: | 2024-11-15 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

Goldman Sachs named 95 partners last week, including private wealth exec Brittany Boals Moeller. AdvertisementBrittany Boals Moeller, one of Goldman Sachs' newly minted partners, didn't picture a career in finance when she joined the bank 17 years ago. The 39-year-old is based in Atlanta and runs the Southeast region of Goldman Sach's private wealth division. While wealth management clients skew older, the division has a pipeline of rich millennial founders who work with the investment banking arm. Goldman Sachs' family office offering, Apex, launched a few years later.

Persons: Goldman Sachs, Brittany Boals Moeller, —, I've, Goldman, Boals Moeller, John Mallory, Tucker York, Ciara, Marc, Kwesi Farrell, John Paul DeJoria, Michelle Hynik, It's Organizations: Service, New York University, Goldman, Catering, Utah Royals, Advisors Locations: Jonesboro , Arkansas, Atlanta, Apex, Deer Valley, Copenhagen, Deer

☆ Trump picks top campaign spokesman Steven Cheung to be his White House communications director
▼ + stars: | 2024-11-15 | by ( Kit Maher | Michael Williams | ) edition.cnn.com time to read: +2 min

West Palm Beach, Florida CNN —President-elect Donald Trump has named Steven Cheung as his White House communications director, promoting the campaign spokesman to one of the top communications roles in the White House. During Trump’s first term, Cheung served as director of strategic response. “I am thrilled to have them join my White House as we, Make America Great Again!”The position of White House communications director is separate from the role as White House press secretary, though people have served both roles simultaneously in the past. Both he and another White House communications director, Stephanie Grisham, have since broken from their former boss. Prior to working on Trump’s first campaign, Cheung was a spokesman for the Ultimate Fighting Championship.

Persons: Donald Trump, Steven Cheung, Cheung, Trump, Sergio Gor, Gor, “ Steven Cheung, ” Trump, “, Anthony Scaramucci, Trump’s, Stephanie Grisham, Dana White Organizations: Palm Beach , Florida CNN —, White House, CNN, America, White, UFC, Republican National Convention, Arlington National Cemetery, Army Locations: Palm Beach , Florida, Arlington

☆ Three-Stock Lunch: Eli Lilly, Transdigm, & Nvidia
▼ + stars: | 2024-11-15 | 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: Eli Lilly, Transdigm, & NvidiaLee Munson, president and CIO at Portfolio Wealth Advisors, joins CNBC’s ‘Power Lunch’ to discuss outlooks on three stocks: Eli Lilly, Transdigm, and Nvidia.

Persons: Eli Lilly, Transdigm, Nvidia Lee Munson Organizations: Nvidia, Wealth

☆ The market pullback this week was 'quite natural,' says Obermeyer's Ali Flynn Phillips
▼ + stars: | 2024-11-15 | 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 EmailThe market pullback this week was 'quite natural,' says Obermeyer's Ali Flynn PhillipsAli Flynn Phillips, Obermeyer Wood president and partner, and Stephanie Link, Hightower Advisors chief investment strategist and CNBC contributor, join 'Closing Bell' to discuss where the markets will go after the post-election rally, how the Fed should handle rate cuts going forward, and more.

Persons: Obermeyer's Ali Flynn Phillips Ali Flynn Phillips, Obermeyer, Stephanie Link, Hightower Organizations: Hightower Advisors, CNBC

☆ The fight over Jerome Powell puts Elon Musk at odds with Wall Street
▼ + stars: | 2024-11-15 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +8 min

There's little appetite on Wall Street for undermining the central bank or ousting Jerome Powell. On Friday, billionaire Elon Musk endorsed a suggestion to let the president control the Federal Reserve, which is run by Chair Jerome Powell. Advertisement"He seems to be someone who has the ear of the president," Mark Spindel, an investment manager who co-wrote a history of Fed independence, told Business Insider of Musk's influence. Many Wall Streeters are concerned that undermining Fed independence would undercut investors' faith in the stock and bond markets. Trump is, Siegel said, extremely attuned to the stock market and uses it as a barometer of his success.

Persons: Elon Musk, Jerome Powell, —, Powell, Mark Spindel, Trump, Jeremy Siegel, he'd, Stocks, reappoint Powell, Scott Bessent, Peter Orszag, Obama, Lazard, Wharton's Siegel, Gallup, Siegel, Spindel, Musk's, Volodymyr Zelenskyy Organizations: Federal Reserve, Service, Wall Street Journal, Wharton School, University of Pennsylvania, Fed, Trump, Bloomberg, Federal, Treasury, Congress Locations: Powell, Europe, Japan, U.S, Trump

☆ Investing in tech makes 'the most sense', says Potomac Wealth's Mark Avallone
▼ + stars: | 2024-11-15 | 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 EmailInvesting in tech makes 'the most sense', says Potomac Wealth's Mark AvalloneMark Avallone, Potomac Wealth Advisors president, joins 'The Exchange' to discuss where Avallone sees investing opportunities following Trump's election, which tech stocks are the most attractive, and much more.

Persons: Mark Avallone Mark Avallone, Avallone Organizations: Potomac, Potomac Wealth

The Onion, the satirical news company that repeatedly spoofed conspiracy theorist Alex Jones, has won the bankruptcy auction for control over his media empire — most notably Infowars, the far-right, conspiracy-minded website that served as Jones’ primary online platform. The Onion plans to shutter Jones’ Infowars and rebuild the website featuring well-known internet humor writers and content creators, according to a person with knowledge of the sale. About an hour and a half after the announcement of the sale, Infowars' website was shut down. Details of Wednesday’s auction, including how much was offered for Free Speech Systems, the parent company of Infowars, and related assets, were not immediately known. “All you leftists celebrating the end of Alex Jones and Infowars, you’re fools,” he said.

Persons: Alex Jones, Jones, “, ” Jones, Infowars, Sandy, Sandy Hook, Chris Mattei, divesting Jones, John Feinblatt, Ben Collins, Collins, Christopher Murray, ”, Jeff Lawson, InfoWars Organizations: U.S, First United American Companies, Free Speech Systems, Sandy Hook Elementary, Gun Safety, NBC News, Onion News, ThreeSixty, Bankruptcy, Southern, Southern District of, Global, Onion staff, O Media, Speech Systems Locations: Connecticut, Texas, Winnebago, Austin , Texas, Southern District, Southern District of Texas, Sandy Hook, Newtown , Connecticut, “

☆ Want to get in on crypto's postelection run? Be selective, experts advise
▼ + stars: | 2024-11-14 | by ( Anna Gleason | ) www.cnbc.com time to read: +1 min

Investors looking to get in on crypto's monster run may want to be tactical in their approaches. Prices dipped below the $88,000 level just before Thursday's stock market close, as the postelection rally showed signs of fading. State Street Global Advisors' Matt Bartolini advises investors to consider how the political environment may influence prices moving forward. "You need to understand how the cryptocurrency market is progressing, particularly around new administration policies," the firm's head of SPDR Americas research told CNBC's "ETF Edge" on Monday. Bartolini expects pro-crypto policies under the Trump administration to give an additional boost to the asset class.

Persons: Matt Bartolini, Bartolini, Trump Organizations: Metrics, Street Global Advisors, SPDR Locations: SPDR Americas

☆ ETF flows on track to hit record above $1 trillion by year-end, VettaFi data shows
▼ + stars: | 2024-11-14 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +4 min

Inflows are on track to hit the $1 trillion milestone by year-end, as the election acts as a new catalyst, the firm found. ETFs have seen inflows of more than $58 billion since Election Day, according to State Street Global Advisors. State Street's popular SPDR S & P 500 ETF Trust (SPY) has seen more than $12 billion of new money, since the Nov. 5 election. ETF flavors garnering notable flows The ETFs that track indexes have seen the biggest dollar inflows. State Street said its SPDR Galaxy Digital Asset Ecosystem ETF (DECO) has seen inflows increase by 26% since Election Day.

Persons: Todd Rosenbluth, Donald Trump's, Ryan McCormack, McCormack, Anna Paglia, Rosenbluth Organizations: Street Global Advisors, Trust, Trump, Mining

☆ Wall Street bonuses are expected to boom for the first time since 2021
▼ + stars: | 2024-11-14 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +4 min

See who stands to take home the biggest checks, according to the comp consultant Johnson Associates. It predicted that some financial-services professionals could see year-end bonus increases of as much as 35% over last year. Here's a look inside three slides from the Johnson Associates report that illustrate key findings. Johnson Associates' 2024 year-end incentives reportDebt underwriters stand to see the biggest bonus bumps this year — up to 35% over 2023, Johnson Associates' founder, Alan Johnson, told Business Insider. Johnson Associates' 2024 year-end incentives reportOverall, the numbers are good compared with the past couple of years, and OK in the grander scheme of things, he said.

Persons: Johnson, —, Goldman Sachs, Alan Johnson, it's Organizations: Service, Johnson Associates, Goldman, Blackstone, underwriters, Equity, Investment, Federal

☆ Why U.S. companies will benefit the most from Trump's economic policies
▼ + stars: | 2024-11-14 | 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 EmailWhy U.S. companies will benefit the most from Trump's economic policiesDavid Spika, chief market strategist at Turtle Creek Wealth Advisors, joins CNBC's 'Power Lunch' to discuss where the markets will go after a post-election rally, his picks based on president-elect Trump's proposed economic policy, and more.

Persons: David Spika, Trump's Organizations: Wealth Advisors

☆ Trump Media CFO, two other insiders sell millions of dollars worth of DJT stock
▼ + stars: | 2024-11-13 | by ( Dan Mangan | Dan Mangan Is A Reporter Covering Politics For Cnbc.Com. | ) www.nbcnews.com time to read: +3 min

The chief financial officer of Trump Media and two other corporate insiders sold more than $16 million worth of company stock in the week following the presidential election, according to new disclosures. The sale disposed of all of Swider’s Trump Media shares, the filing indicated. Swider controls a company, Renatus Advisors, that still owns 18,043 shares of Trump Media. Glabe, who is also the company’s secretary, still owns 336,576 restricted stock units in Trump Media after that sale. A Trump Media spokeswoman did not immediately respond to CNBC’s request for comment on the stock sales.

Persons: Phillip Juhan, Eric Swider, Scott Glabe, Donald Trump, Bluesky, Trump, Juhan, Swider, Swider’s, Glabe, Scott, Devin Nunes, Nunes ’ RSUs Organizations: Trump Media, Trump Media’s, U.S . Securities, Exchange, Swider’s Trump Media, Renatus Advisors, Glabe, Juhan Locations: DJT

Bidders interested in acquiring the media company founded by conspiracy theorist Alex Jones will battle it out at a bankruptcy auction Wednesday, potentially silencing his Infowars broadcasting platform for good. "All you leftists celebrating the end of Alex Jones and Infowars, you're fools," he said. Jay Westbrook, a University of Texas bankruptcy law professor, said the ultimate goal would be to earn a "maximum return for the victims." Jones, 50, founded Infowars, which operates under Free Speech Systems, in 1999. "Despite the judgment, Alex Jones still has a First Amendment right to speak his mind and continue to speak about anything he wants," he said.

Persons: Alex Jones, Jones, Sandy, Infowars, Roger Stone, Donald Trump, Elon Musk, Christopher Murray, Sandy Hook, Jay Westbrook, Callie Kalny, Roy Gutterman Organizations: Free Speech Systems, Elementary, ThreeSixty, Associated Press, University of Texas, Center of Media Psychology, Northwestern University, Musk, U.S, Bankruptcy, Southern, Southern District of, Sandy Hook Elementary, Speech Systems, Syracuse University, Center, Free Locations: Winnebago, Austin , Texas, Infowars, Southern District, Southern District of Texas, Newtown , Connecticut, Connecticut, Texas

☆ The winners of Wall Street bonus season this year: the underwriters
▼ + stars: | 2024-11-12 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +4 min

It predicted that some financial services professionals could see year-end bonus increases of as much as 35% over last year. AdvertisementThe financial professionals poised to rake in the most, meanwhile, are not the usual "rainmakers" of Wall Street, but rather a more behind-the-scenes group: the underwriters. Here's a look inside three slides that illustrate key findings from the Johnson Associates report. Debt underwriters stand to see the biggest bonus bumps this year — up to 35% over 2023, Johnson Associates founder Alan Johnson told BI. AdvertisementJohnson sees bonuses for asset management professionals increasing anywhere from 7% to 12% and bumps of 5% to 15% for hedge fund employees.

Persons: Johnson, —, Goldman Sachs, Alan Johnson, it's Organizations: Service, Johnson Associates, Goldman, Blackstone, underwriters, Debt, Equity, Investment, Federal

☆ The stock market is loving Trump’s return. The bond market has some concerns though
▼ + stars: | 2024-11-12 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

CNN —Donald Trump is returning to the White House, and the stock market is loving it. ‘The regime change’For now, stock market investors don’t seem bothered by the jump in bond yields or these inflationary or debt concerns. “The stock market jumped for joy that the election results were definitive, thus averting a contested election. Of course, market veterans say they wouldn’t be surprised to see the stock market eventually display concern about tariffs and inflation under Trump. That could pose a number of problems for the economy and the stock market.

Persons: Donald Trump, Trump, shockwaves, ”, David Kotok, Stephanie Roth, Roth, ” Roth, Sau Loeb, Kamala Harris, Harris, Jeff Buchbinder, “, Kotok, it’s, ” Kotok, They’re, Freddie Mac, ‘, Ed Yardeni, Yardeni, It’s, ’, BTIG’s Isaac Boltansky Organizations: CNN, White, Dow Jones, stoke, Trump, Advisors, Wolfe Research, Treasury, US Treasury Department, Getty, Wall Street, LPL, Fed, Stock Locations: Big, Washington , DC, Washington

☆ Infowars attracts ‘seven-figure’ auction bids that will decide fate of Alex Jones’ empire
▼ + stars: | 2024-11-12 | by ( Hadas Gold | ) edition.cnn.com time to read: +5 min

New York CNN —On Wednesday morning, conspiracy theorist Alex Jones’ notorious Infowars media empire will go up for auction in a court-mandated sale, and at least one bid is in the “seven-figure” range, a person familiar with the matter told CNN. Jones was found guilty of defamation by juries in Texas and Connecticut for using his Infowars megaphone to falsely claim the massacre was a hoax. But if “bad guys” buy Infowars, as Jones put it Monday, he’ll “keep broadcasting until they show up” after the Wednesday auction and shut down the fringe outlet. The Onion CEO Ben Collins was previously a journalist at NBC where he extensively covered disinformation and conspiracy theorists, including Jones and Infowars. The Barbed Wire, a progressive Texas-based outlet, said it had planned to bid in the Infowars auction but ultimately decided against it.

Persons: Alex Jones ’, ”, Jones, Sandy, “, ” Jones, Infowars, Roger Stone, Donald Trump, Stone, he’ll, AJNLive, they’re, imploring, Sandy Hook, Ben Collins, Collins, Christopher Mattei Organizations: New, New York CNN, CNN, Elementary, AP, NBC, Elon, ” Representatives, Media Locations: New York, Texas, Connecticut, Infowars

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