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☆ Watch CNBC’s full interview with NewEdge Wealth's Cameron Dawson, Capital Area Planning’s Malcolm Ethridge and Requisite’s Bryn Talkington
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with NewEdge Wealth's Cameron Dawson, Capital Area Planning’s Malcolm Ethridge and Requisite’s Bryn TalkingtonNewEdge Wealth's Cameron Dawson, Capital Area Planning’s Malcolm Ethridge and Requisite’s Bryn Talkington, join 'Closing Bell' to discuss the markets, mega cap earnings and the month-end sell-off.

Persons: NewEdge Wealth's Cameron Dawson, Malcolm Ethridge, Bryn, Bryn Talkington Organizations: Capital

☆ Betting on the election is the hottest new trend. But can prediction markets keep the momentum going?
▼ + stars: | 2024-10-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The big storyPresidential betsChris duMond; Chip Somodevilla/Getty Images; Jenny Chang-Rodriguez/BIWe're less than a week from election day, but one group can already claim victory: betting markets. Kalshi's legal victory in October over the CFTC to offer election betting paved the way for the trend. iStock; Rebecca Zisser/BIThe betting market's biggest tests might come after the election. Betting markets have Trump as a heavy favorite, whereas traditional polls indicate a tight race. AdvertisementShould Trump win in a landslide, it could strengthen the case for using betting markets as a key tool for election analysis.

Persons: —, Chris duMond, Chip Somodevilla, Jenny Chang, Rodriguez, Matthew Fox, Donald Trump, Polymarket, iStock, Rebecca Zisser, Nate Silver, Tesla, Zuckerberg, Citadel's, Justin Lubell, Lubell, Steve Schwarzman, Ken Griffin, Trump, Tyler Le, Harris, Sundar Pichai, Elon Musk, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, Apple, CFTC, Trump, TikTok, Meta Connect, Meta, Bank of America, Blackstone, Republican, Amazon, AWS, Five Apple Intelligence, Google, The Washington Post, Street, Microsoft, Starbucks Locations: French, New York, London

☆ Wednesday, October 30, 2024: Cramer says this mega-cap tech stock is still a buy after earnings beat
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: 1 min

Wednesday, October 30, 2024: Cramer says this mega-cap tech stock is still a buy after earnings beatJim and Jeff discuss the earnings report from this semiconductor stock. They also talk about the move up for this mega cap tech stock. Finally, they break down the moves in this pharmaceutical stock.

Persons: Cramer, Jim, Jeff

☆ The economy seems to be firing on all cylinders — but a veteran JPMorgan strategy chief says one underappreciated risk could cause a serious global slowdown
▼ + stars: | 2024-10-29 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Corporate earnings growth, productivity growth, and business fixed investment all seem to be headed in the right direction as well. Related storiesThese signals have given David Kelly, JPMAM's chief global market strategist, great confidence. Such tariffs would cause "seismic shocks to the US economy," Tom Orlik, the chief economist at Bloomberg Economics, said earlier this month. Charles Schwab global investment strategy chief Jeffrey Kleintop cited tariffs as a top risk back in June. "But oddly enough, the global economy bounced back anyway.

Persons: David Kelly, —, JPMAM, Kelly, Donald Trump who's, Tom Orlik, Charles Schwab, Jeffrey Kleintop, I'd Organizations: JPMorgan Asset Management, Service, Asset Management, Federal Reserve, Bloomberg Economics, Peterson

☆ European markets set for lackluster open as traders continue to focus on earnings
▼ + stars: | 2024-10-29 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are expected to open in flat to lower territory Tuesday as traders in the region await more earnings reports. Earnings are set to come from Adidas, Lufthansa, Novartis, Santander and BP, among others. Data releases of note include Germany's GfK consumer confidence figures. Europe's largest lender HSBC on Tuesday announced it will repurchase up to $3 billion in shares as it issued better-than-expected third-quarter earnings. Asia-Pacific markets traded mixed in spite of gains on Wall Street as investors looked toward a slate of mega-cap technology earnings this week, including Meta Platforms and Microsoft on Wednesday and Apple on Thursday..

Persons: Germany's DAX Organizations: France's CAC, IG, Adidas, Lufthansa, Novartis, Santander, BP, HSBC, Tuesday, Meta, Microsoft, Apple Locations: Asia, Pacific

☆ As Investors Broaden Their Portfolio Horizons, Are the Mag 7 Still the Names to Own?
▼ + stars: | 2024-10-29 | 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 EmailAs Investors Broaden Their Portfolio Horizons, Are the Mag 7 Still the Names to Own? Nancy Tengler of Laffer Tengler Investments says the mega-cap tech stocks still deserve a place in every investor's portfolio.

Persons: Nancy Tengler Organizations: Investments

☆ Goldman Institute calls for ‘data center diplomacy’ as U.S. competes in global AI race
▼ + stars: | 2024-10-29 | by ( Kate Rooney | ) www.cnbc.com time to read: +3 min

"Data may be the new oil, and it's ultimately nations, not nature, that's going to determine the future of AI infrastructure built." AI relies on massive amounts of data for training and gigantic data centers. Despite a slowing economy, Beijing has been investing in AI data centers, and launched a $6.1 billion national initiative called "Eastern Data, Western Computing." The U.S. has its own slate of initiatives, including a task force on AI infrastructure. "The Arab Gulf countries of the Middle East present many promising opportunities for AI data centers," Cohen wrote.

Persons: Goldman Sachs, Jared Cohen, Goldman, Cohen, it's, They've, Anthropic Organizations: Goldman Sachs Global Institute, CNBC, Google, Microsoft, Meta, Computing, United, United Arab Locations: China, Beijing, U.S, Canada, Australia, France, Gulf, OpenAI, United Arab Emirates, Qatar, Saudi Arabia

☆ A bearish bet on a stock whose chart is raising some red flags
▼ + stars: | 2024-10-29 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Two weeks ago, I had covered a trade on Alibaba using a very popular indicator called the MACD (Moving Average Convergence Divergence). Note that a bearish crossover is happening again for ACN indicating a loss in upward momentum. With a bearish outlook on ACN, I’m utilizing a strategy known as a "bear put spread" to potentially profit from a pullback. The trade This involves purchasing a put option with a higher strike price and simultaneously selling a put option with a slightly lower strike, creating a net debit position. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: it's, Nishant Pant Organizations: Accenture, CNBC, NBC UNIVERSAL

☆ Monday, October 28, 2024: Cramer says to hold this 'own it, don't trade it' tech stock
▼ + stars: | 2024-10-28 | by ( ) www.cnbc.com time to read: 1 min

Monday, October 28, 2024: Cramer says to hold this 'own it, don't trade it' tech stockJim and Jeff discuss the their disappointment in this mega-cap tech stock. They also dive into this Big Tech sector. Finally, they discuss why they sold this financial stock.

Persons: Cramer, Jeff Organizations: Big Tech

☆ European markets head for mixed open as investors review geopolitical tensions
▼ + stars: | 2024-10-28 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are expected to start the week on a lackluster note Monday as investors review the geopolitical situation in the Middle East. The U.K.'s FTSE 100 index is expected to open 8 points lower at 8,243, Germany's DAX up 30 points at 19,747, France's CAC up 12 points at 7,508 and Italy's FTSE MIB up 108 points at 34,648, according to data from IG. Market participants will be digesting a cooling geopolitical situation in the Middle East Monday after weekend airstrikes by Israel against Iran did not target oil or nuclear facilities as feared. Oil prices slid more than 4% Monday, although Citi analysts discounted the chance of an escalation that disrupts oil supplies. U.S. equity futures jumped as investors looked ahead to a batch of mega-cap technology earnings to keep driving the Nasdaq Composite to new heights this week.

Persons: Germany's DAX Organizations: France's CAC, IG, Citi, Nikkei, Nasdaq Locations: Israel, Iran, Asia, Pacific

☆ Michael Bloomberg recently gave $50 million to support Kamala Harris — but only after a pressure campaign: report
▼ + stars: | 2024-10-28 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +3 min

Michael Bloomberg donated $50 million to a nonprofit supporting Harris' campaign, per the NYT. AdvertisementMichael Bloomberg, the former New York City mayor and presidential candidate, recently donated around $50 million to a nonprofit organization supporting Vice President Kamala Harris' campaign, according to the New York Times. Though Bloomberg typically makes public campaign donations, he intended for this contribution to remain secret, the Times reported. Harris herself hopped on a call with the billionaire, and he donated the money soon after, according to the Times. Trump has amassed his own army of billionaire donors, including Elon Musk and Timothy Mellon.

Persons: Michael Bloomberg, Harris, —, Kamala Harris, Worth, Bloomberg, Reid Hoffman, Bill Gates, George Soros, Trump, Elon Musk, Timothy Mellon, Bloomberg didn't Organizations: Bloomberg, Service, New, New York City, New York Times, Times, Forbes, titans, Wall Street, Silicon, LinkedIn, Microsoft, Elon Locations: New York

☆ Why this ‘Magnificent 7’ stock is still a buy even though it’s behind on AI
▼ + stars: | 2024-10-28 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

What's more, the enormous Amazon Web Services cloud services business effectively allows Amazon the leeway to figure out the best path forward in terms of applying AI to the rest of its businesses. At the same time, Amazon's Prime Video platform presents a formidable opponent against Netflix . Wang also said Amazon's Prime membership rolls could benefit from the upcoming holiday shopping season. So Amazon has a little bit of time to get their AI story right," he said. Wang added that investors can expect more insight into Amazon's investments during its December re:Invent conference.

Persons: Ray Wang's, Wang, Amazon's Organizations: Constellation Research, Amazon, Netflix, Microsoft, Google

☆ A mega-earthquake could strike the Pacific Northwest any day — and we're not prepared
▼ + stars: | 2024-10-26 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +10 min

People along the coast now have 10 to 30 minutes to reach high ground before a giant wave engulfs the Pacific Northwest. The scene above is a worst-case scenario of a megaquake striking the Pacific Northwest. "It's ominously quiet," Harold Tobin, Washington's state seismologist and the director of the Pacific Northwest Seismic Network, told BI. The Pacific Northwest, by contrast, only found out about the danger posed by the Cascadia subduction zone in the 1980s. The Cascadia subduction zone pushed those mountains up about 10 million years ago, carving the mountain range that makes the Pacific Northwest so stunning.

Persons: Seattle isn't, Robert Ezelle, Rick Bowmer, Ted S, Warren, Juan, Harold Tobin, Tobin, Ezelle, Andrew Selsky, Itsuo Inouye, They've, Wally Santana, Barbara Ortutay Organizations: Washington state's Military, ., Puget Sound, Washington Army National Guard 792nd Chemical Company, Washington state's Military Department, Business, Northwest Seismic Network, AP, Columbia University, Big One, Federal Emergency Management Agency, US Navy, FEMA, Northwest Seismic Locations: Seattle, Pacific, Long Beach , Washington, Northern California, Vancouver, Grandview , Washington, Pacific Northwest, Washington, Washington's, Cascadia, Sitka spruces, Oregon, Japan, Japan's Miyagi Prefecture, Tohoku, Natori

☆ Wall Street braces for a big week ahead of the election, with megacap tech earnings, key data on tap
▼ + stars: | 2024-10-25 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Investors will contend with earnings results from five of the Magnificent Seven companies next week. .SPX 1M mountain S & P 500 "I sort of refer to this period that we're in right now as like a strange brew," said Mark Malek, investment chief at Siebert. On Friday, the Nasdaq Composite hit an all-time high , but the S & P 500 snapped a six-week win streak. In fact, the high concentration of the mega-cap leaders in the S & P 500 spurred Goldman Sachs' David Kostin this month to release a dim long-term forecast for the overall market. HSBC head of equity strategy Nicole Inui upped her S & P 500 year-end target to 5,900.

Persons: Mark Malek, Siebert, Goldman Sachs, David Kostin, Siebert's Malek, they've, Nicole Inui, Inui, D.R Horton, Price, Eli Lilly, Lauder Organizations: Microsoft, Meta, Apple, Nasdaq, U.S, Treasury, Big Tech, HSBC, FactSet, Richmond Fed, Dallas Fed, Ford, Semiconductor, Caesars Entertainment, Devices, Pfizer, Royal Caribbean Group, PayPal, ADP, Kraft Heinz, Caterpillar, GE Healthcare Technologies, Holdings, ECI Civilian Workers, PCE, PCE Deflator, Chicago PMI, Cruise Line Holdings, Uber Technologies, Lauder Companies, Mastercard, Generac, Jobs, PMI, Manufacturing, Exxon Mobil Locations: U.S, Chicago

☆ Critical Role's 8 co-founders say this is how they turned their 'Dungeons & Dragons' home game into an Amazon hit
▼ + stars: | 2024-10-25 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +6 min

'The Legend of Vox Machina' season 3's final batch of episodes dropped on Thursday. "The Legend of Vox Machina" has had three seasons of 12 episodes apiece so far. But it was based on a 115-episode-long "D&D" campaign, where each livestreamed episode clocked runtimes of three to four hours. "The Legend of Vox Machina" Prime Video animated series was based on Critical Role's first "D&D" campaign. Riegel told BI ahead of the third season's launch that the crew still has more stories to tell.

Persons: Vox, Sam Riegel, —, Matthew Mercer, Liam O'Brien, Marisha Ray, Travis Willingham —, Mercer, Vax'ildan, O'Brien, Ray, Percival de Rolo, Taliesin Jaffe, Jaffe, Riegel, Anna Webber, CR's, Ronin Willingham, Travis Willingham's, Willingham, Jon Kopaloff, Amazon Studios Riegel, Percival, " O'Brien, CR, hasn't, we're Organizations: Service, Business, CR, Getty, Amazon Studios, Prime Locations: Whitestone —

☆ Friday, October 25, 2024: Cramer recommends buying this industrial stock on a pullback
▼ + stars: | 2024-10-25 | by ( ) www.cnbc.com time to read: 1 min

Friday, October 25, 2024: Cramer recommends buying this industrial stock on a pullbackJim and Jeff weigh in on the analyst's call to downgrade this mega-cap tech stock. They also explain why they're watching these conglomerate stocks closely.

Persons: Cramer, Jeff

☆ 13 cheap stocks with strong earnings as mega-cap growth fades in a major market shift
▼ + stars: | 2024-10-25 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Here are 13 top stocks that are cheap and have above-average earnings growth. Mega-cap growth stocks dusted their smaller peers for 18 months, beginning in early 2023. These firms have above-average earnings growth and cheaper-than-average valuations, and they have an impressive record of outperformance over the last few decades. Without potent earnings, GARP stocks could risk falling into the "value trap" category. Cheaper GARP stocks should become more appealing in that backdrop, according to BMO, and historical performance backs that up.

Persons: —, Brian Belski, he's, Belski Organizations: BMO Capital Markets, Service, BMO Capital, BMO, Markets

☆ Millennials Big Money Mistake: Holding Cash Instead of Buying Stocks
▼ + stars: | 2024-10-24 | by ( Callie Cox | ) www.businessinsider.com time to read: +10 min

This, despite the fact that younger investors were more optimistic about the economy, their incomes, their living situations, and their investments. Millennial investors have been deeply scarred by two life-changing crises in their young lives. But if you look at hard numbers from the Federal Reserve about what millennial investors actually own, you can see that this stereotype is misguided. When you compare millennials' cash levels with Gen X's cash levels at the same age, though, the risk aversion becomes clear. But when it comes to younger investors, I think the scars run deeper than worries about a coming downturn.

Persons: Cash, it's, millennials, Gen Xers, boomers, There's, would've, you'd Organizations: Bank of, Federal Reserve, University of Michigan, Occupy, Dow, Netflix Locations: eToro, United States, YOLO

☆ What to do with Honeywell stock after its sharp post-earnings pullback
▼ + stars: | 2024-10-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

Dow stock Honeywell was one of the biggest drags on the 30-stock average Thursday after Club industrial giant reported mixed third-quarter results compounded by a mixed outlook. HON YTD mountain Honeywell YTD Honeywell shares sinking 4.5% after the release was understandable but represents an opportunity. Honeywell Why we own it: Honeywell is a provider of industrial technology solutions to companies in various industries. Sales were revised lower because the short cycle recovery in the company's industrial automation segment is not materializing as quickly as management was expecting. Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.

Persons: we're, Vimal Kapur, Kapur, Kupar, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Dow, Honeywell, Emerson, CAES Systems, Air Products, Aerospace Technologies, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: New York

☆ How things went from bad to worse for Jeep-owner Stellantis
▼ + stars: | 2024-10-24 | by ( Nora Naughton | ) www.businessinsider.com time to read: +6 min

After months of that mounting pressure — plus an investor lawsuit — Stellantis confirmed that Tavares would retire after his contract expires in early 2026. A Stellantis spokesperson said the investor lawsuit is without merit, and the company plans to "vigorously defend itself." "If a customer has an older Stellantis product, the odds of buying a new one are very, very diminished, especially compared to the rest of the industry," Drury said. Stellantis, in return, has filed a lawsuit accusing the union of violating the contract with its strike authorization votes. AdvertisementAfter a historic strike at all three Detroit car companies last fall, the UAW won the right to strike over product commitments.

Persons: Carlos Tavares, Tavares, —, Stellantis, — Stellantis, Kevin Farrish, Dave Kelleher, Kelleher, Jeep, Dodge, Ivan Drury, Edmunds, Drury, Carlos, Shawn Fain Organizations: Investors, Service, Fiat Chrysler Automobiles, France's PSA Groupe, United Auto Workers, UAW, Chrysler, Dodge, Stellantis, Renegade, Cherokees, Hyundai, Cox Automotive, Detroit, Cherokee Locations: North America, Portuguese, Pennsylvania, Illinois

☆ Industrial AI play Dover falls on a noisy quarter. Here's why we'd buy the dip
▼ + stars: | 2024-10-24 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

Dover on Thursday reported weaker-than-expected third-quarter results, pressuring shares of the industrial conglomerate with ties to AI data centers. Dover Why we own it : We own Dover as an industrial turnaround story with exposure to mega-themes, most notably the data center buildout to support artificial intelligence computing. That created headlines that implied Dover cut its full-year guidance, but in reality executives warned in advance that sales growth and earnings projections would be altered. To be sure, we are restricted from trading Dover's stock for the next 72 hours because Jim Cramer on Thursday mentioned the company on CNBC TV. Dover considers those areas its "growth platforms," and their increasing share of the portfolio carries positive implications for Dover's margins.

Persons: We're, Ingersoll Rand, Dover, Richard Tobin, Tobin, Jim Cramer, DOV, Dover's, —, Danaher, Jim Cramer's, Jim, Jason Marz Organizations: IDEX Corp, Management, CNBC, Dover, Mizuho Securities, Club Locations: Dover, Veralto, Europe

There's a common belief that lower borrowing costs benefit so-called growth stocks, as they're often capital-intensive. "History also suggests value should outperform growth, at least over the six months following the first rate cut," he said. If the economic situation becomes a "hard-landing," however, he said that growth stocks could outperform. If it normalizes (i.e., becomes more upward sloping), value should outperform growth," he said, referring to a situation where short-term rates are lower than long-term rates. "Lower multiple value stocks have greater upside and less risk than the pricier 'glamor growth' group for the foreseeable future," Ball said.

Persons: Adam Turnquist, Savita Subramanian, CNBC's, we've, Janjigian, Vanguard Russell, Venu Krishna, George Ball, Sanders Morris, Ball Organizations: U.S, Tech, CNBC Pro, LPL, BofA Securities, Greenwich Wealth Management, Vanguard, Index, Barclays, Krishna, Presidential Locations: U.S . Federal

☆ Looking for hints in the stock charts ahead of earnings results from Meta and Alphabet
▼ + stars: | 2024-10-23 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

In fact, the period just before and just after a stock reports is a perfect time to review the relevant patterns and levels. We're going to do just that today for Netflix (NFLX) , Meta (META) and Alphabet (GOOGL) , the biggest components of the S & P 500's communication services sector. Alphabet bullish pattern Alphabet reports earnings next week on Tuesday. Meta's key area Lastly, but certainly not least, Meta reports next Wednesday. Like NFLX and GOOGL, it's done a good job extending from upside gaps and filling downside gaps in 2024 in between earnings reports.

Persons: NFLX, that's, Meta, it's, Frank Cappelleri Organizations: Netflix, Meta, CNBC, NBC UNIVERSAL Locations: NFLX

☆ Goldfish is changing its name to ‘Chilean Sea Bass.’ Here’s why
▼ + stars: | 2024-10-23 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Goldfish crackers are synonymous with hungry kids, but the company is betting that a sophisticated name change could expand that audience. The Pepperidge Farm snack brand is tweaking its name for a limited time to “Chilean Sea Bass,” a more grown-up title, the Campbell’s Company announced Wednesday. So, as a playful reminder, we went ahead and gave our iconic cheddar cracker a new, fun, grown-up name,” Danielle Brown, vice president of Goldfish, told CNN. But the Chilean Sea Bass snacks won’t appear on shelves: Bags featuring the branding are only being sold online beginning Wednesday and just for one week. Pepperidge Farm launched Goldfish in the United States in 1962 initially aimed at adults as a bar snack.

Persons: Gen Z, ”, they’re, ” Danielle Brown, Nate Rosen, Campbell, snacking, ” Rosen Organizations: New, New York CNN, Campbell’s Company, CNN, Express Locations: New York, snacking, Chilean, United States, upstarts, Utah

☆ How investors should navigate the S&P 500 likely trailing bonds and inflation for the next decade, according to Goldman Sachs
▼ + stars: | 2024-10-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Goldman Sachs forecasts muted S&P 500 gains, with a 3% annual return over 10 years. Diversification and equal-weighted S&P 500 exposure may offer better long-term returns. The bank's most bearish scenario would see the S&P 500 decline by an annual 1%, while its more positive calls for a gain of 7%. Goldman SachsAdding an exchange-traded fund that tracks the equal-weighted S&P 500 could be one way to go about it. AdvertisementFurthermore, investors should consider a more mixed asset portfolio of stocks and bonds without tilting toward one more than the other.

Persons: Goldman Sachs, —, David Kostin, Goldman, There's, Christian Mueller Organizations: Service, Nvidia, Treasury

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