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Here are the biggest calls on Wall Street on Tuesday: Wells Fargo upgrades Eastman Chemical to overweight from equal weight Wells Fargo says the chemical company is "attractive." HSBC downgrades Goldman Sachs & Morgan Stanley to hold from buy HSBC said the risk/reward is a less attractive. KeyBanc reiterates Nvidia as overweight The firm says it sees "limited competitive risks" for Nvidia shares. Wells Fargo reiterates Starbucks as overweight Wells raised its price target on the stock to $115 per share from $110. Redburn Atlantic Equities reiterates Amazon as buy The firm raised its price target on the stock to $235 per share from $225.
Persons: Wells Fargo, HSBC downgrades Goldman Sachs, Morgan Stanley, Baird, Bernstein, KeyBanc, it's bullish, TD Cowen, Pinterest, Cowen, Wells, Guggenheim, Michael Kors, UAL Organizations: Eastman Chemical, UBS, HSBC, Royal Caribbean, Nvidia, Bank of America, Citi, Chevron, ExxonMobil, SPX, JV, China, Guggenheim, Capri Holdings, Barclays, Apple, and Department of Justice, Google, DoJ, UBS reinstates United, Alaska Airlines, Amazon Web Services, Anheuser, Busch InBev, GAP Locations: Caribbean, China, Delta, DAL
A ransomware attack on one of Starbucks’ software vendors has disrupted how the coffee chain’s baristas view and manage their schedules, the company said on Monday. Starbucks said it’s working closely with the vendor to resolve the issue. The outage affects Starbucks’ employee platform that shows baristas their schedules and allows the company to track how many hours employees have worked. The interruption has not affected customers directly, and Starbucks said it’s continuing to serve people in its cafes. As ransomware attacks have surged, 2024 is on track to be one of the worst years on record.
Organizations: Starbucks, Street Journal, National Intelligence
—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: XRT, Murphy, GCO, Katie Stockton Organizations: P Retail, Levi's, Johnston, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities
CNN —Even before special counsel Jack Smith formally asked that his criminal cases against Donald Trump be dismissed, it was already guaranteed the president-elect would never see a jury. “I would fire him within two seconds.”In the end, though, Trump didn’t need to sack the special counsel to kill the two cases. Attorney General Merrick Garland is expected to publicly release it, as he has with past special counsel reports. What to do next in the case will be a question for the incoming Trump Justice Department. But a new chapter has already opened for several members of the Trump legal team who have already been rewarded with plum positions in his incoming administration.
Persons: Jack Smith, Donald Trump, Smith, Trump, Justice Department’s, pardoning, , , ” Trump, Hugh Hewitt, Jack Smith ”, Smith’s, Donald Trump's Mar, Pam Bondi, ” Bondi, General Merrick Garland, John Roberts, Sonia Sotomayor, , Judge Cannon, Aileen Cannon, Cannon, Walt Nauta, Carlos De Oliveira, ” Smith, Monday’s, Todd Blanche, John Sauer, Emile Bove, Blanche, CNN’s Paula Reid Organizations: CNN, Trump, Justice, Department of Justice, Supreme, Trump’s, Trump Justice Department, DOJ Locations: Lago, DC, Florida, , Smith’s, Washington ,
Here are Monday's biggest calls on Wall Street: Bernstein reiterates MicroStrategy as outperform The firm raised its price target on the stock to $600 per share from $290. " Morgan Stanley upgrades Banco Santander to overweight from equal weight The firm said the bank has a "resilient regional footprint." Morgan Stanley upgrades Robinhood to overweight from equal weight The firm said Robinhood is a Trump election beneficiary. Morgan Stanley upgrades KinderCare to overweight from equal weight Morgan Stanley said shares are compelling at current levels for the daycare company. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's survey checks "reinforce [the] multi-year iPhone upgrade thesis."
Persons: Bernstein, MicroStrategy, Morgan Stanley, Oppenheimer, Robinhood, Trump, HOOD, it's, Telsey, Apple, Goldman Sachs, Berkley, it's bullish, Tesla, TD Cowen, D.A, Davidson, Rosenblatt, Wedbush, Palantir, PLTR, Wolfe, Jones Lang Lasalle Organizations: Banco Santander, Caixabank, ING, Citi, U.S, Bancorp, UBS, Arm Holdings, BMO, Apple Intelligence, CVS, Bank of America, Shoals Technologies, Procter, Gamble, China, China EV, Nvidia, FedEx Locations: Santander, China
The storm will roll through parts of the Midwest and South Wednesday night and spread across the East on Thanksgiving Day. Scenario one: A stronger, faster stormThe first scenario would have a storm develop in the Plains Wednesday and strengthen as it heads east. CNN WeatherBut how close to the coast the storm lingers once it reaches the Atlantic Friday will affect post-holiday travel. Wet weather would be minimal for these areas if the storm tracks farther away from the coast Friday. The push of frigid air later this week will also flip the switch on the Great Lakes’ lake-effect snow machine.
Persons: Nature, Philadelphia hasn’t Organizations: CNN, Midwest, Black, New England Coast, East, Philadelphia, New Locations: United States, Midwest, Carolinas, New England, Maine, Mississippi, Tennessee, Boston, Chicago, North Dakota, Gulf, New York City
CNN —The father of an Australian teenager who died from methanol poisoning while on a backpacking holiday has issued a plea to the Laos government to fully investigate his daughter’s death and ensure such incidents don’t happen again. Bianca Jones, 19, was one of six foreign tourists who died in a suspected mass methanol poisoning in Vang Vieng, a popular backpacker destination in northern Laos. Bianca Jones was enjoying a backpacking trip to Laos with her friend when they became severely ill after a night out in Vang Vieng. Foreign tourists float on tubes in a river in Vang Vieng, Laos, on November 19, 2024. Anupam Nath/APA major part of that much-needed revenue comes from towns like Vang Vieng.
Persons: Bianca Jones, , Mark Jones, Bianca’s, , , , Bianca Jones ’, Holly Bowles, ” Jones, ” “, “ We’ll, Simone White, Anne, Sofie Orkild Coyman, Frela Vennervald Sorensen, James Louis Hutson, Colin Ahearn, ” Ahearn, Anupam Nath Organizations: CNN, Nine, Nine News, Lao News Agency, Vientiane Times, Laos Police Immigration Department, Associated Press, Police, Tourism, UNESCO, Initiative, China Railway Locations: Laos, Vang Vieng, British, American, Thailand, Vientiane, Vang Vieng District, Vientiane Times, Vang Vieng’s, Backpacker, Asia, Bali, , Southeast Asia, Vang, Luang Prabang, South Korea, China, Kunming,
The brothers, currently incarcerated in California, may appear virtually or in person for the status hearing, scheduled to start at 10:30 a.m. local time. “I believe they have served enough time.”Erik Menendez, left, and Lyle Menendez. The Menendez brothers filed a habeas corpus petition shortly after the docuseries was released, citing Rosselló’s allegations as well as a letter from Erik Menendez to his cousin that they say references the abuse. Los Angeles County District Attorney George Gascon speaks during a news conference to announce a decision in the case of brothers Erik and Lyle Menendez. Mike Blake/ReutersWhat comes nextGascón’s failed reelection bid has cast some uncertainty over the Menendez brothers’ fate.
Persons: Lyle, Erik Menendez, Judge Michael Jesic, , Jose Menendez –, Menendez, Erik, George Gascón, , Gascón, Nathan Hochman, ” Erik Menendez, Lyle Menendez, Jose Menendez, Kitty Menendez, , ” Gascón, “ Menendez, Roy Rosselló, ” Erik, Attorney George Gascon, Mike Blake, Gascón’s, Hochman, ” Hochman, Gavin Newson, Newsom, CNN’s Eric Levenson, Cindy Von Quednow, Dalia Faheid, Taylor Romine Organizations: CNN, Los Angeles District, Los Angeles Superior Court, Prosecutors, California Department of Corrections, RCA Records, Netflix, Attorney, LA District Attorney, Gov Locations: California, Beverly, San Diego, Los Angeles County
255 rushing yards in a game is also the ninth-most ever recorded in a single game by one player. The 27-year-old had 73 yards in the first half before exploding for a 70-yard touchdown on the second half’s first play. “My whole mantra this offseason and this season: how consistent I can be day-to-day,” he said after the game. “Whether I rush for 250 yards or I rush for 50 yards, still come in on Monday and do the same thing. Daniels did continue his historic first NFL season as he joined Washington’s quarterback, Marcus Mariota, as the only rookie quarterbacks ever with at least 250 passing yards, 70 rushing yards, two touchdown passes and a rushing touchdown in a game.
Persons: Saquon Barkley, Barkley, Derrick Henry, Los Angeles Chargers –, , Jalen, , Jared Verse, he’d “, ” Barkley, Ronald Martinez, Kyren Williams, Barkley’s, Matthew Stafford, DeMarcus Robinson, Cooper Kupp, Luke Schoonmaker, Zach Ertz, KaVontae Turpin, KaVontae Turpin's, Timothy Nwachukwu, ” Turpin, Austin Seibert, Jayden Daniels, Mary, Daniels, Terry McLaurin, McLaurin, Seibert, Juanyeh Thomas, Mike McCarthy, Marcus Mariota, Patrick Mahomes, Mahomes, Noah Gray, DeAndre Hopkins –, Bryce Young’s, Chuba Hubbard, Spencer Shrader, Harrison Butker –, Grant Halverson, I’ve, you’ve, Russell Wilson, Travis Kelce, Antonio Gates, Tony Gonzalez, Jason Witten Organizations: CNN, Philadelphia Eagles, Sunday, Football, Los Angles Rams, New York Giants, Philadelphia, Eagles, Baltimore Ravens, Los Angeles Chargers, ” Eagles, ” Rams, Rams, NFC, Washington Commanders, Dallas Cowboys, Cowboys, Northwest, Washington, Chicago Bears, Dallas, ” Dallas, Washington’s, Chiefs, Kansas City Chiefs, Carolina Panthers, Panthers, Carolina Panthers Minnesota Vikings, Chicago Bears Tennessee Titans, Houston Texans Detroit Lions, Indianapolis Colts New England Patriots, Miami Dolphins Tampa Bay Buccaneers, New York Giants Dallas Cowboys, Denver Broncos, Las Vegas Raiders San Francisco 49ers, Green Bay Packers Arizona Cardinals, Seattle Seahawks Philadelphia Eagles, Los Angeles Rams Locations: Los Angeles, Landover , Maryland, Dallas, Washington, Carolina, Young
In today's big story, Trump's trade plans could spell trouble for prices, and preparing for it isn't so easy . AdvertisementThe prevailing theory among many economists is Trump's plan will increase prices and inflation as companies pass the cost of the taxes down to their customers. He told BI he views them more as a negotiation tactic with China and American companies with operations there. Still, some experts told BI they foresee obstacles to making it a reality . Sector experts told BI the massive chipmaker will continue to make its most advanced tech in Taiwan .
Persons: Drew Angerer, Tyler Le, Donald Trump's, Emily Stewart, We're, Philip Daniele didn't sugarcoat, John David Rainey, There's, Dominick Reuter, Emily, Trump, Nobel, Simon Johnson, Brian Cornell, Natalie Ammari Baby boomers, Scott Bessent, George Soros, Bluesky, Rose Wang, It's, Chelsea Jia Feng, Taylor Swift, they'll, crosshairs, Elon Musk, Vivek Ramaswamy's, Biden, Alex Jones, Menendez, Dan DeFrancesco, Grace Lett, Lisa Ryan, Ella Hopkins, Amanda Yen, Jack Sommers, Milan Sehmbi Organizations: Business, Getty, Walmart, Electronics, Target, Social Security, Treasury, Trump, Nvidia, White, Los Locations: China, Phoenix, Taiwan, Florida, Washington, Los Angeles, New York, Chicago, London
The stock market rally for payments stock Fiserv is showing no signs of slowing down, and the company is winning over some new investors. "You roll all that together and you could wind up with like an 18%-20% type of earnings per share growth company," Burton said. Burton is the manager of NYLI Winslow Large Cap Growth Fund (MLAAX) , which has a four-star rating from Morningstar. He also manages two ETFs with similar strategies — the NYLI Winslow Focused Large Cap Growth ETF (IWFG) and NYLI Winslow Large Cap Growth ETF (IWLG) . Fiserv went public in 1986 and today has a market cap of $128 billion and 42,000 employees.
Persons: Patrick Burton, Burton, NYLI Winslow, Clover, Fiserv, Frank Bisignano, LSEG, Sanders, Alliance Bernstein, Lewis Sanders —, Dominic Ball, Ball, Michael Bloom Organizations: Winslow Capital Management, Growth, Morningstar, CNBC, Windsor Capital, Sanders Capital, Alliance Locations: Milwaukee, Fiserv, Atlantic
UBS says this AI play is a buy with nearly 20% upside ahead
  + stars: | 2024-11-25 | by ( Sean Conlon | ) www.cnbc.com   time to read: +2 min
In addition to growth in the smartphone market, Arcuri sees the AI megatrend spurring expansion in PCs and data centers for Arm. Arm's data center share should expand even faster, Arcuri said. Specifically, he forecasts that the company's market share in that space will more than triple from less than 5% in 2023 to the mid-teens in 2028. "Arm's three decade track record of R & D productivity shows that the R & D investments it is making today will underlie the next decade's stream of high-margin revenue," Arcuri said. ARM YTD mountain ARM, year-to-date The stock moved about 2% higher in the premarket following the move.
Persons: Timothy Arcuri, Arcuri Organizations: UBS, ARM
CNN —Israeli Prime Minister Benjamin Netanyahu approved the emerging ceasefire deal with Hezbollah “in principle” during a security consultation with Israeli officials Sunday night, a source familiar with the matter said. Israel still has reservations over some details of the agreement, which were expected to be transmitted to the Lebanese government on Monday, the source said. Those and other details are still being negotiated and multiple sources stressed that the agreement will not be final until all issues are resolved. A ceasefire agreement will also need to be approved by the Israeli cabinet, which has not yet occurred. Israel launched a major military offensive in Lebanon in mid-September following months of tit-for-tat border attacks which started on October 8 last year when Hezbollah attacked Israeli controlled territory in solidarity with Hamas and Palestinians in Gaza.
Persons: Benjamin Netanyahu, Amos Hochstein, , Najib Mikati, Nabih Berri, Barak Ravid, Hochstein, Israel, , Mikati, Hassan Nasrallah – Organizations: CNN, Israeli, United, Lebanese, Washington Locations: Israel, United States, Beirut, Lebanon, Gaza
A Santa Claus rally, and a strong seasonal month for stocks, can push stocks to new all-time highs by year-end, according to the Stock Trader's Almanac. That helped the S & P 500 notch a more than 25% yearly advance, with the Nasdaq rising more than 27%. "We expect more new all-time highs before yearend," he wrote. .SPX 1D mountain S & P 500 Seasonally speaking, December is already the third-best month of any year for the major averages, according to the Almanac. Typically, the S & P 500 gains 1.3% on average during this period, in data going back to 1969.
Persons: Santa Claus, Stocks, Donald Trump, Scott Bessent, Dow, Jeffrey A, Hirsch Organizations: Dow Jones Industrial, Key Square, Nasdaq, Stock, Dow Locations: Santa
Brendan McDermid | ReutersThis 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. What you need to know todayWinning week for marketsMajor U.S. indexes rose on Friday to end the week in the green, despite mega-cap stocks Nvidia and Alphabet dropping. The rate affects around 900 billion yuan ($124.26 billion) worth of one-year loans to some financial institutions. [PRO] Interest rates back in focusThis week, the October personal consumption expenditures price index, out Wednesday, will dominate attention.
Persons: HSI AMZN, Brendan McDermid, Donald Trump, Scott Bessent, Bessent, Kevin Warsh, Marc Rowan, Sir Richard Branson, Russell, Sam Stovall, Sundeep Gantori, — CNBC's Pia Singh, Alex Harring, Jesse Pound Organizations: New York Stock Exchange, Reuters, CNBC, U.S, China's CSI, Trump, Treasury, Fed, Bank of China, COP29, Virgin, U.S . Federal Reserve, Federal, Market, Nvidia, U.S . Department of Justice, Big Tech, Dow Jones, Nasdaq, Super Micro Company, CFRA Research, NVIDIA, UBS Locations: Asia, Pacific, China's, Azerbaijan
NYSEThis 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. What you need to know todayWinning week for marketsMajor U.S. indexes rose on Friday to end the week in the green, despite mega-cap stocks Nvidia and Alphabet shares dropping. [PRO] Interest rates back in focusThis week, the October personal consumption expenditures price index, out Wednesday, will dominate attention. The Dow Jones Industrial Average was 2% higher for the week and the S&P 500 and Nasdaq Composite both climbed around 1.7%.
Persons: GOOG, Donald Trump, Scott Bessent, Bessent, Kevin Warsh, Marc Rowan, Sir Richard Branson, Russell, Sam Stovall, Sundeep Gantori, — CNBC's Pia Singh, Alex Harring, Jesse Pound Organizations: New York Stock Exchange, NYSE, CNBC, U.S, Trump, Treasury, Fed, Anthropic Amazon, COP29, Virgin, U.S . Federal Reserve, Federal, Market, Nvidia, U.S . Department of Justice, Big Tech, Dow Jones, Nasdaq, Super Micro Company, CFRA Research, NVIDIA, UBS Locations: New York City, Anthropic, Azerbaijan
‘Wicked’ was initially, and always, intended to be a movieBut there’s another reason that feels just as obvious. Clearly, the Tony-winning Broadway show’s and now movie’s success is a testament to the fact that he had the right instinct. The DNA of ‘Wicked’ comes from arguably the most beloved musical family movie, everJudy Garland in "The Wizard of Oz." Warner Home VideoBut what’s also clear is that the elements that the “Wicked” property is working with are unmistakably cinematic. But it was even more than that, as the whimsical opening of the new “Wicked” film demonstrates – minor spoilers ahead.
Persons: “ It’s, , stupendiferously, Gregory Maguire, I’m, Jon M, Chu, Cynthia, Ariana Grande, Jonathan Bailey –, Marissa Bode, Michelle Yeoh, Jeff Goldblum, Bowen Yang, , Maguire, Melanie Griffith, Antonio Banderas, Chicago’s ”, Oscar, Stephen Schwartz, Grammy.com, Mark Platt, Tony, Broadway show’s, Judy Garland, Oz, what’s, Oz ”, Frank Baum’s, it’s Organizations: CNN, Guardian, Hollywood, ” Universal, Universal, Broadway, Warner Locations: Erivo
The money, known as a Guaranteed Basic Income, is generally awarded for a year or two in monthly payments of $500 to $1,000. To see how the programs are working, we interviewed dozens of participants from a wide range of backgrounds and circumstances. What we found is that a guaranteed income — even a small one — can have a profound impact on people’s lives. To be sure, the guaranteed income isn’t enough to guarantee a better life. “The income makes the pain a little bit more tolerable, but it doesn’t take it completely away.
Persons: Jessica Nairns, , , didn’t, Raven Smith Locations: Austin, Portland
The S & P 500's rise to fresh heights in the new year will not be in a straight line, according to RBC Capital Markets. Strategist Lori Calvasina issued a year-end 2025 target for the broad market index of 6,600. The S & P 500 has rallied 3.2% since Donald Trump secured a second presidential term, raising expectations of lower taxes and deregulation. To be sure, Calvasina thinks there will be 5%-10% correction in the near term before equities resume their march to all-time highs. Last week, Goldman Sachs set a 6,500 target for the S & P 500, while BMO issued a forecast for the benchmark index to surge all the way to 6,700 .
Persons: Lori Calvasina, Donald Trump, Calvasina, Goldman Sachs, Bernstein Organizations: RBC Capital Markets, Health, BMO Locations: Friday's, Bitcoin
Forecasters are increasingly calling for a cold, soggy Thanksgiving week as west-to-east winter-pattern storms continued to roll across the continental landscape. The possibly wet, snowy and cold weather could meet what's anticipated to be the busiest Thanksgiving travel week to-date, the Transportation Security Administration said. A diagonal, low-pressure front accompanied by rain, snow and dipping temperatures was possible for the Mid-Atlantic and Northeast on Thanksgiving, the federal Weather Prediction Center said. The National Weather Service office for Minneapolis said in a forecast discussion that ice-cold air was likely to arrive midweek. Santa Rosa, California, recorded nearly 12.5 inches of rain in three days, which the weather service office in Monterey said was a 1,000-year event.
Persons: what's, We'll, Michael Dwyer Organizations: Transportation Security Administration, NBC, Prediction, National Weather Service, Minneapolis, Boston Logan International Airport, AP, TSA, AAA, Corridor Transportation Association Locations: Mississippi, Pennsylvania, Chicago, Kansas City , Missouri, Cleveland, Pacific, Oregon, Northern California, Portland , Oregon, Washington , Oregon, California, Santa Rosa , California, Monterey, Pittsburgh
Jerusalem CNN —A ceasefire deal between Israel and the Lebanese militant group Hezbollah is “very close,” a regional source told CNN on Sunday, even as an uptick in Israeli attacks saw the death toll in Lebanon since mid-September pass a grim milestone. The regional source suggested that while the deal was closer than ever, it was not fully formed yet. “We are moving in this direction, but there are still some issues to address,” a spokesperson for Israeli Prime Minister Benjamin Netanyahu told CNN. Israel launched a major offensive in Lebanon in mid-September following months of tit-for-tat border attacks which started when Hezbollah attacked Israel in solidarity with Hamas and Palestinians in Gaza. Earlier Sunday, an Israeli official told CNN Netanyahu had held a security consultation regarding the ceasefire proposals.
Persons: , Benjamin Netanyahu, Hassan Nasrallah –, Amos Hochstein, Barak Ravid, Hochstein, Israel, CNN Netanyahu, Adnan Abidi, Lauren Izso, Kayla Tausche, Ruba Alhenawi, Mohammed Tawfeeq, Eyad Kourdi, Tamara Qiblawi Organizations: Jerusalem CNN, CNN, Washington, Hezbollah Locations: Jerusalem, Israel, Lebanese, , Lebanon, Gaza, Beirut
Rising tour costs and social media influence are reshaping concert ticket pricing dynamics. Taylor Swift or bustTaylor Swift's Eras Tour tickets had an average face-value price of $254 in 2023 and a resale market price of $3,801. "It's sort of like the extremes have spread out as well, where we're seeing concert tickets sell for the most we've ever seen them," Leyden said. "But on the flip side, we're certainly seeing plenty of concert tickets that are still selling for a relatively good deal." AdvertisementAfter all, with ticket prices getting driven up, "the experience expectations are being driven up," Finn said.
Persons: Jaylon Jackson, Hozier, Jackson, He's, Sabrina Carpenter, Taylor, Taylor Swift, Kacey, Justin Timberlake, Post Malone, Morgan Wallen, Chris Leyden, there's, Leyden, Jonathan Bricker, Mike Finn, It's, Finn, Sabrina Carpenter's, we've, Joseph Bocanegra, Omar Apollo, he's Organizations: Broadway, Post, BI, Berklee College of Music, Imagine, Berklee, Super, Sports Locations: Texas, Arkansas, U.S, amphitheaters
I lost my church years ago, defrocked by the desire to teach through "Mad Money" and the Investing Club. The Investing Club owns them all except Tesla. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Mark Haines, Disney, Joe Kernen, David Faber, Andrew Ross Sorkin, Becky Quick, Larry Kudlow, Cramer, Haines, Rowan, Transocean, Jim Bob, Kudlow, Lazarus, Tesla, Russell, Jim Cramer's, Jim Cramer, Jim, Rob Kim Organizations: TikTok, Financial News Network, CNBC, Wall, Journal, GMA, Fox Business, Federal, Investing, Microsoft, Nvidia, Investing Club, Jim Cramer's Charitable Locations: TheStreet.com, gander
For two fund managers at Fidelity International, Beijing's latest stimulus announcements were significant enough for them to buy more beaten-down real estate stocks. "We have been moderately increasing our position in China," Zhou said. Zhou and Ben Li are co-managers of Fidelity's Greater China Fund . One of the top 10 holdings of Fidelity's Greater China Fund is Chinese online booking platform Trip.com . Earnings comments in the last two weeks from major Chinese companies have underscored how it will take time to see the impact of stimulus .
Persons: Theresa Zhou, Zhou, Ben Li, Li, Daniel Zipser's, Zipser, Nomura, Donald Trump's Organizations: Fidelity International, CNBC, China Fund, McKinsey, TCL, Fidelity Locations: China, BOE, Shenzhen
This market is starting to summon the lighthearted take on a mullet haircut: business in the front, party in the back. BTC.CM= YTD mountain Bitcoin, YTD Every bullish argument for bitcoin comes down to "More people will soon have more ways to buy more of it." I've tracked the interplay between bitcoin and Nvidia shares for a while. The market's immediate response was simply to allow Nvidia to hold onto the $2.3 trillion in market value it's added this year, but not to pile on more. Meaning the current pace of new money entering these funds is not as heavy relative to total market value as it was nearly four years ago.
Persons: Trump, bitcoin, I've, John Roque, Warren Pies Organizations: Nasdaq, Nvidia, Nvidia ramped, Vanda Research, Trump, 22V Research, Bloomberg, Federal Reserve, 3Fourteen Research Locations: lockstep, bitcoin
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