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☆ 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

☆ Bolt CEO changes RTO policy to 'stop the insanity of people working remotely from places like Bali.' Read the memo.
▼ + stars: | 2024-10-25 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +8 min

The CEO of European ride-hailing app Bolt is mandating workers return to the office 12 days a month. AdvertisementThe CEO of European mobility app Bolt didn't mince words earlier this month when calling workers back to the office. "We will stop the insanity of people working remotely from places like Bali," he said. "We believe that in-person collaboration drives innovation and performance, and our existing policy advises employees to work from a Bolt office for 2-3 days a week," a Bolt spokesperson said. "Starting from 1 January, this policy will be formalised with employees being asked to work from a Bolt office 12 days per month.

Persons: Markus Villig, Bolt, —, Villig, Elon Musk, flexibly, it'd, Read Organizations: Service, Business, Apple, Amazon, Sequoia Capital, Fidelity Management, Team, – Locations: Bali, Tallinn, Estonia, – Tallinn

☆ Stocks making the biggest moves midday: Tesla, IBM, Whirlpool, Molina Healthcare and more
▼ + stars: | 2024-10-24 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

Molina Healthcare posted adjusted earnings of $6.01 per share, better than the LSEG consensus estimate of $5.81 in earnings per share. Therefore, the company's third-quarter revenue and guidance were not comparable with Wall Street's estimates. ServiceNow posted third-quarter adjusted earnings of $3.72 per share, topping Wall Street's estimate of $3.46 per share, according to LSEG. International Business Machines — Shares tumbled about 7% after the tech giant posted third-quarter revenue that disappointed analysts' expectations. Sales for IBM came out to $14.97 billion in the last quarter, versus the $15.07 billion analysts had expected, per FactSet.

Persons: Tesla, Elon, Newmont, FactSet, Molina, CBRE, Raymond James Financial, Teradyne, Northrop Grumman, ServiceNow, Boeing machinists, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Hakyung Kim, Sarah Min Organizations: —, Molina Healthcare, Whirlpool, LSEG . West Pharmaceutical, West Pharmaceutical Services, injectables, Carrier, Northrop, Mattel, LSEG, Boeing, IBM Locations: —, FactSet

☆ Stocks making the biggest moves premarket: Tesla, UPS, Lam Research, IBM and more
▼ + stars: | 2024-10-24 | by ( Sean Conlon | ) www.cnbc.com time to read: +5 min

For the period, UPS earned $1.76 per share on $22.25 billion in revenue, above the LSEG consensus estimates of $1.63 per share and $22.14 billion. The company posted earnings of 86 cents per share on revenue of $4.16 billion, above the consensus estimate of 80 cents per share and revenue of $4.05 billion, per LSEG. Newmont – The stock fell more than 4% after the company posted weaker-than-expected earnings for the third quarter. Newmont posted earnings of 81 cents per share, excluding items, on revenue of $4.61 billion. Whirlpool posted earnings of $3.43 per share, more than the $3.20 per share expected by analysts polled by FactSet.

Persons: Elon Musk, Transocean, Newmont, FactSet, Boeing machinists, Molina, Robert Isom, —, Alex Harring, Sarah Min, Michelle Fox Theobald Organizations: United Parcel Service, UPS, Lam Research, Bloomberg, Bloomberg News, Mobile, Boeing –, Boeing, Mattel, Wall Street, Honeywell, Northrop Grumman –, LSEG, Southwest Airlines, Revenue, Molina Healthcare, IBM, Whirlpool, FactSet . American Airlines, American Airlines

But based on the information collected, it’s safe to say that NFL teams go through anywhere from 3,600 to 4,300 Uncrustables a week. When you factor in training camps and the teams that did not share their data, NFL teams easily go through at least 80,000 Uncrustables a year. Sometime in the mid-90s, Len said, his wife, Emily, suggested he create a mass-produced peanut butter and jelly sandwich without the crust. That was our gee-whiz moment.”We’re not recreating the atomic bomb here... we’re trying to make a peanut butter and jelly sandwich. Squished, unsquished, you’re gonna crush it.”They are now a staple for many NFL teams.

Persons: Brock Purdy, Andy Reid, Len Kretchman, Len, Emily, Kretchmans, ” Len, “ We’re, Len Kretchman’s, ”, Kretchman, “, ” Kretchman, gee, we’re, Uncrustables Kretchman, David Geske, Smuckers, Dallas Clark, ” Clark, Jon Torine’s, Jeff Saturday, scorin, George Kittle, Mike Danna, Justin Tucker, Travis Kelce, Travis Kelces, ” Torine Organizations: NFL, JAX, BAL, LAR, KC, DAL, North Dakota State, Pro, Indianapolis Colts, Colts, Chicago Bears, San Francisco 49ers, Chiefs, Ravens, XLI, Bears Locations: Fergus Falls, Minn, Miami, Uncrustables Torine

☆ TSMC chips reportedly ended up at Huawei. It raises concerns about 'shadow networks' bypassing US sanctions.
▼ + stars: | 2024-10-24 | by ( Huileng Tan | Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

TSMC halted shipments to a client after its chips were found in Huawei products, per reports. Min-yen Chiang, a researcher, told BI it raises the questions about a "shadow network" of chip supply. TSMC, Huawei, and the Commerce Department did not immediately respond to Business Insider's requests for comments. Related storiesA 'shadow network' of chipsThe report adds to US concerns that Huawei is potentially obtaining advanced chips despite being blacklisted since 2020. "This question is slightly different than whether Huawei got restricted chips from TSMC through illegal channels," she told GZERO Media, a subsidiary of the Eurasia Group.

Persons: Chiang, —, TSMC, John Moolenaar, Moolenaar, Kate Leaman, Leaman, JW Kuo, Xiaomeng Lu, Lu Organizations: Huawei, Service, Taiwan Semiconductor Manufacturing Company, Huawei Technologies, AFP, Bloomberg, Chinese Communist Party, CCP, BIS, Commerce Department, US Commerce Department, Apple, Nvidia, Export, US Commerce, agency's Bureau of Industry, Security, Eurasia Group, GZERO Media Locations: Taipei

☆ Stocks making the biggest moves premarket: Cheesecake Factory, Sherwin-Williams, 3M and more
▼ + stars: | 2024-10-22 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

SAP — U.S.-listed shares of the enterprise software provider gained more than 3% after the company posted a third-quarter earnings and revenue beat. GE Aerospace reported adjusted revenue of $8.94 billion, while analysts had estimated $9.02 billion, according to LSEG. 3M — Shares of the industrial company rallied 5% after 3M posted third-quarter earnings of $1.98 per share on revenue of $6.07 billion. Despite this, the company posted a third-quarter adjusted earnings and revenue beat. Sherwin-Williams reported adjusted earnings of $3.37 per share, lower than a StreetAccount estimate of $3.55 per share.

Persons: LSEG, AppLovin, Rob Sanderson, Nucor, Danaher, Sherwin, Williams, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Fred Imbert, Hakyung Kim, Sarah Min, Jesse Pound Organizations: JCP Investment Management, General Motors, GM, SAP — U.S, SAP, GE Aerospace, Citi, U.S, Loop Locations: Utah

☆ Tudor Jones is long gold and bitcoin as hedge fund titan believes 'all roads lead to inflation'
▼ + stars: | 2024-10-22 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

"I think all roads lead to inflation," Jones told CNBC's "Squawk Box" on Tuesday. "I'm long gold. I'm long bitcoin. I think commodities are so ridiculously underowned, so I'm long commodities. @GC.1 YTD mountain Gold, YTD The CBO expects deficits will hit $2.8 trillion by 2034, up from $1.8 trillion in fiscal 2024.

Persons: Paul Tudor Jones, Jones, CNBC's, That's, Robin Hood, Donald Trump, Bitcoin Organizations: Trump, Nasdaq, Tudor Investment, Robin, Robin Hood Foundation, Congressional, Treasury, Federal, Metrics Locations: U.S

☆ TGL: Tiger Woods and Rory McIlroy’s high-tech indoor golf league to tee off in January
▼ + stars: | 2024-10-22 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

CNN —TGL, the high-tech indoor golf league spearheaded by Tiger Woods and Rory McIlroy, is set to tee off at last on January 7, 2025, after a schedule was released Monday. The January 7 curtain-raiser sees New York Golf Club, headlined by two-time major champion Xander Schauffele, take on The Bay Golf Club. 3 McIlroy will first be in action on matchday four when his Boston Common Golf side competes against Woods’ team. Norway’s Viktor Hovland and American LIV Golf star Bryson DeChambeau are the other two members of the top-10 not present in the league. Spain’s Jon Rahm had been slated to compete but withdrew last November, and the following month joined LIV Golf – none of whom’s players feature in TGL.

Persons: CNN — TGL, Tiger Woods, Rory McIlroy, –, Woods, McIlroy –, McIlroy, Mike Ehrmann, Serena, Venus Williams, Giannis Antetokounmpo, Steph Curry, Xander Schauffele, Rickie Fowler, Cameron Young, Matt Fitzpatrick, Sweden’s Ludvig Åberg, Min Woo Lee, Ireland’s Shane Lowry, Wyndham Clark, Justin Thomas, Patrick Cantlay, Billy Horschel, Lucas Glover, “, ” Woods, Paul Ellis, TMRW, Scottie Scheffler, Norway’s Viktor Hovland, LIV, Bryson DeChambeau, Spain’s Jon Rahm, Hideki Matsuyama, Keegan Bradley, Adam Scott, Max Homa, Tom Kim, Kevin Kisner, Los Angeles Golf Club Collin Morikawa, Sahith Theegala, Justin Rose, Tommy Fleetwood, Ludvig Åberg, Shane Lowry Organizations: CNN, PGA, ESPN, TMRW Sports –, Getty, NBA, Liverpool, Fenway Sports Group, Golf Club, Golf, Schauffele, Atlanta, Boston, Tiger, Los Angeles Golf Club, New York Golf, New York GC, Los Angeles GC, Jupiter, Los Angeles, GC, New York, Boston Common Locations: Florida, Palm Beach, New, Scotland, AFP, TGL, USA, Northern Ireland, Japan, Australia, South Korea, England, Sweden, Ireland

☆ The election could be less of a market catalyst than people think, some investors say
▼ + stars: | 2024-10-21 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The U.S. presidential election is fast approaching, but it may not have as much an impact on markets as people may think, some investors say. History suggests the strong performance bodes well for a post-election pop into year's end. When Trump was elected in the 2016 presidential election, investors expected energy would perform well — but the subsequent two years proved unfavorable for the sector. During the 2000 election, volatility lasted for more than 30 days, through December. "We encourage investors to keep their long-term objectives in mind during periods of uncertainty and position for election related volatility," Guerra wrote.

Persons: Donald Trump, Kamala Harris, Trump, Harris, Sam Stovall, Stovall, Joe Biden's, Dan Chung, John Stoltzfus, Morgan Stanley, Morgan Stanley Wealth Management's Monica Guerra, Guerra, Ross Mayfield, Baird Organizations: U.S, NBC News, Republican, Dow Jones Industrial, CFRA, Oppenheimer Asset Management, Presidency, Senate, Republicans, Trump, Morgan Stanley Wealth

☆ Stock futures inch higher after S&P 500's best weekly win streak of 2024: Live updates
▼ + stars: | 2024-10-20 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

NEW YORK, NEW YORK - OCTOBER 16: Traders and others work on the New York Stock Exchange (NYSE) floor in New York City. U.S. stock futures ticked higher Sunday night after the Dow Jones Industrial Average and S&P 500 notched their best weekly win streaks of 2024. S&P 500 futures and Nasdaq 100 futures climbed 0.13% and 0.16%, respectively. Roughly one-fifth of S&P 500 companies are set to report through Friday. Of the 14% of S&P 500 companies that have already posted third-quarter results, 79% have beaten expectations, according to FactSet's John Butters.

Persons: FactSet's John Butters, Sam Stovall Organizations: NEW, Traders, New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow, U.S, CFRA Research Locations: New York City . U.S

I was ecstatic to see what the fuss was about with the Flexispot E7 Pro Standing Desk. Flexispot E7 Pro Standing Desk Flexispot's most premium and heavy-duty offering, the E7 Pro has a powerful motor, greater adjustability, and a semi-C Leg structure for added stability and comes with a 15-year warranty. AdvertisementWeight capacityThe Flexispot E7 Pro Standing Desk has a weight capacity of 440 lbs. The Uplift V2 also has a slightly quieter motor than the Flexispot E7 Pro Standing Desk. Alex Temblador/Business InsiderI didn't think I'd be as impressed as I was with the Flexispot E7 Pro Standing Desk.

Persons: I've, I'd, Alex Temblador, Jamie Davis Smith, Flexispot, we've Organizations: Business, E7

☆ These are Morgan Stanley's highest conviction plays for earnings season
▼ + stars: | 2024-10-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Here are five of Morgan Stanley's 10 highest conviction plays, which the firm sees near-term catalysts driving "a meaningful move" upward. Morgan Stanley sees a positive set up for Eaton and is forecasting beats on all key performance indicators, including Americas organic growth and margins. "Our detailed organic growth build supports steady ~8% organic growth in 2025-26, roughly ~200 bps above Consensus, which drives [mid-single digit] EPS upside and argues for multiple expansion on sustained strength," he added. Eaton is set to report third-quarter earnings on Oct. 29. His price target of $100 suggests shares could rise 29% from Friday's close.

Persons: Morgan Stanley, Michelle Weaver, Morgan Stanley's, Eaton, Chris Snyder, Ron Kamden, Keith Weiss, —, Sarah Min Organizations: CNBC Disruptor, Microsoft Locations: Eaton, Americas, 4Q24, Friday's

☆ Stocks making the biggest moves midday: Netflix, Apple, CVS Health, Lamb Weston, U.S. Cellular and more
▼ + stars: | 2024-10-18 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Separately, CVS issued third-quarter adjusted earnings guidance between $1.05 and $1.10 per share, far weaker than the FactSet consensus estimate of $1.69 a share. MGP Ingredients — Shares tumbled 26% after MGP Ingredients, a distilled spirits producer, issued preliminary third-quarter earnings and revenue guidance that missed expectations. Earnings of $1.23 per share missed the FactSet consensus estimate of $1.34 in earnings per share. Comerica reported $1.33 in earnings per share, compared to $1.17 per share expected by analysts, according to FactSet. Still, adjusted earnings of 89 cents per share beat the expected earnings per share of 88 cents.

Persons: Lamb Weston —, Jana Partners, Lamb Weston, David Joyner, Karen Lynch, LSEG, LSEG ., Riley, Ally, FactSet, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Hakyung Kim, Jesse Pound Organizations: Netflix, U.S . Cellular, Telephone, Data Systems, U.S, Cellular, Verizon Communications, CVS, MGP, American, Apple —, Bloomberg, Counterpoint Research, Western, Western Alliance, LSEG, LSEG . Fifth Third, Fifth Third Bancorp, Comerica, Holdings Locations: U.S, China

☆ Stocks making the biggest moves premarket: American Express, Procter & Gamble, Netflix, CVS Health and more
▼ + stars: | 2024-10-18 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +4 min

The household goods maker posted $21.74 billion in revenue while analysts polled by LSEG had estimated $21.91 billion. WD-40 — The maintenance product maker's shares fell 4% after a disappointing fiscal fourth-quarter earnings report. Despite posting a top-line beat of $823 million in revenue versus LSEG analysts' estimates for $808 million, net interest income fell 3% in the third-quarter. Revenue of $9.16 billion fell below the $9.25 billion LSEG consensus forecast. Ally Financial – The digital bank stock fell nearly 1% despite earnings beating analysts' estimates in the third quarter.

Persons: Gamble, LSEG, David Joyner, Karen Lynch, B.Riley, SLB, Schlumberger, FactSet, — CNBC's Pia Singh, Sarah Min, Jesse Pound, Michelle Fox Organizations: Procter, Netflix, CVS, FactSet, Western Alliance Bancorp, Apple, Bloomberg, Crown Holdings, Holdings, Comerica Locations: China

☆ Earnings next week will determine whether stocks still have further to run
▼ + stars: | 2024-10-18 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Earnings next week will be key to where stocks head from here. While roughly one-tenth of S & P 500 companies reported over the past week, about 20% of the broader index plans to report next week. He noted that the S & P 500 is trading at a 40% premium to its long-term P/E ratio, while tech stocks are trading at upwards of 60%. For the Dow Jones Industrial Average and S & P 500 , it's the first such streak going back to December 2023. Meanwhile, the equal-weighted S & P 500 slightly outpaced the market-cap weighted benchmark this week, a bullish signal for sectors such as health care.

Persons: Sam Stovall, Stovall, FactSet's John Butters, Butters, it's, Tesla, Lockheed Martin, Russell, Nelson Yu, Harker Organizations: U.S, CFRA Research, Dow Jones Industrial, Nasdaq, Lockheed, GE Aerospace, Business Machines, General Motors, Verizon Communications, United Parcel Services, Southwest Airlines, Nvidia, Philadelphia Reserve, Chicago, PMI, New, . Kansas City Fed Manufacturing Locations: Independence, Philadelphia, . Kansas

☆ 'Not everything in life is a conspiracy': Andy Kim rejects claim that he wore North Korean flag on his tie
▼ + stars: | 2024-10-17 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +3 min

Rep. Andy Kim, D-N.J., slammed a Trump delegate for accusing him of wearing the North Korean flag on his tie during a New Jersey Senate debate this week. “Why is US Senate candidate Andy Kim wearing a North Korea flag on his tie tonight?” the delegate, Mike Crispi, wrote on X about Kim’s matchup Tuesday against Republican opponent Curtis Bashaw. … Why didn’t you wear an American flag tie?” Crispi said in the video, adding that the pattern resembled the North Korean and Costa Rican flags. “If elected, I’ll be first Korean American senator after 120 years of Koreans in America,” Kim wrote on social media. “Dear MAGA @MikeCrispi: That is not the North Korean flag,” Lieu wrote.

Persons: Andy Kim, Mike Crispi, Curtis Bashaw, Kim, ” Kim, Crispi, ”, ” Crispi, Dave Min, I’ll, ” Bashaw, Ted Lieu, “, MAGA, ” Lieu Organizations: Trump, Korean, New, New Jersey Senate, Republican, NBC News, NBC, Democrat, Police Locations: New Jersey, Korea, Asian American, North Korea, Costa Rican, United States of America, United States, Orange County , California, America, East Coast, Korean

☆ Stocks making the biggest moves after hours: Netflix, Intuitive Surgical, WD-40 and more
▼ + stars: | 2024-10-17 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in after-hours trading: Netflix — The streaming stock popped more than 4% after third-quarter earnings topped expectations. Netflix earned $5.40 per share on $9.83 billion in revenue, while analysts forecast $5.12 a share and $9.77 billion in revenue. Intuitive Surgical — Shares jumped about 5% after the maker of the da Vinci surgical robot posted better-than-expected third-quarter results. Intuitive Surgical earned $1.84 per share on $2.04 billion in revenue. The company earned $1.23 per share, and said it expects fiscal 2025 profits of between $5.20 and $5.45 per share.

Persons: LSEG, OceanFirst, David Bratcher, Marten, CNBC's Hakyung Kim, Sarah Min Organizations: Netflix, Revenue, FactSet, Pharmaceuticals, Supernus Pharmaceuticals Locations: FactSet

☆ JPMorgan says financial markets are starting to price in a Trump win and possible Republican sweep
▼ + stars: | 2024-10-17 | by ( Sarah Min | Kavitha Shastry | ) www.cnbc.com time to read: +2 min

Stocks are starting to price in a Trump victory, possibly even a Republican sweep, according to JPMorgan. Take a look at the Dow Jones Industrial Average , which recently cleared the 43,000 milestone for the first time ever, or the S & P 500 , which surpassed 5,800. Meanwhile, U.S. banks, which are expected to face less regulatory scrutiny from Trump than under the Biden administration, have rallied. The SPDR S & P Regional Banking ETF (KRE), has advanced 5.9% this month alone, and financials are the top-performing S & P 500 sector this month. KRE 1M mountain SPDR S & P Regional Banking ETF over the past month.

Persons: Stocks, Donald Trump, Nikolaos Panigirtzoglou, Biden, Trump, Panigirtzoglou, bitcoin Organizations: Republican, JPMorgan, Dow Jones, Trump, Regional Banking, U.S, Treasury, UST, flattish, White Locations: U.S, London, flattish U.S, DXY

☆ Stocks making the biggest moves premarket: Morgan Stanley, Cisco, ASML and more
▼ + stars: | 2024-10-16 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Cisco Systems — The networking technology stock added nearly 2% on the heels of a Citi upgrade to buy from neutral. The firm's earnings came in at $1.88 per share, versus the $1.58 expected by a LSEG analyst poll. Revenue was $15.38 billion versus the $14.41 billion consensus estimate. United also announced a $1.5 billion share buyback, its first since before the pandemic. J.B Hunt Transport Services — Shares jumped more than 7% after the company's third-quarter results topped expectations.

Persons: Novocure, Morgan Stanley —, accidently, J.B, Hunt, LSEG, — CNBC's Sean Conlon, Alex Harring, Sarah Min, Michelle Fox, Hakyung Kim Organizations: Cisco Systems, Citi, U.S . Food, Drug Administration, Revenue, United Airlines, United, Hunt, — Locations: U.S

☆ Small-cap stocks are showing signs of life
▼ + stars: | 2024-10-15 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Small-cap stocks are starting to show signs of life lately. While the IWM has delivered 12% this year, that is far below the S & P 500 gain of almost 23%. IWM YTD mountain IWM Many investors are uncertain how long the latest trend can continue. The Russell 2000 ETF is higher by 1.6% in October against 1.2% for the S & P 500, but over the past three months, the S & P 500 has outperformed, 3.6% to 3.3%. "We think Fed rate cuts have a strong ability to create a favorable backdrop for small-cap stocks," Michael Graham, analyst at Canaccord Genuity, wrote Tuesday.

Persons: Russell, What's, Brian Belski, Michael Graham, Genuity, Graham Organizations: Federal Reserve, BMO Capital Markets

☆ Stocks making the biggest moves midday: ASML, UnitedHealth, Walgreens Boots Alliance and more
▼ + stars: | 2024-10-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines in midday trading: UnitedHealth — Shares plunged 7.2% after the health-care giant lowered its earnings guidance due to ongoing headwinds from a cyberattack earlier in the year. Walgreens Boots Alliance — The stock soared 11.9% following the drugstore chain's fiscal fourth-quarter earnings and revenue beat. Enphase Energy — Shares slid 6.8% on the back of a downgrade to sector perform from outperform by RBC Capital Markets. Johnson & Johnson — The health-care conglomerate gained 1.6% after posting quarterly results that exceeded expectations on the back of strong sales of oncology drugs. Energy stocks — Energy stocks declined as oil prices dropped about 5% , with the sector last down more than 2%.

Persons: UnitedHealth, ASML, Johnson, LSEG, Halliburton, Coty, Charles Schwab —, Yun Li, Alex Harring, Hakyung Kim, Michelle Fox, Pia Singh, Sarah Min Organizations: Walgreens, Alliance, Nvidia, Devices, Broadcom, Apollo, Bank of America, Enphase Energy, RBC Capital Markets, Energy, — Energy, APA, Diamondback Energy, Occidental Petroleum, Valero Energy, U.S, Citigroup —, PNC Financial, Boeing Locations: North Carolina, New York, Pittsburgh

☆ Stocks making the biggest moves premarket: Goldman Sachs, Bank of America, Walgreens and more
▼ + stars: | 2024-10-15 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

Bank of America -- Shares moved 1% higher after third-quarter earnings and revenue topped Wall Street analysts' estimates. Goldman Sachs — Shares of the investment bank jumped more than 2% on better-than-expected quarterly earnings. Goldman Sachs posted earnings per share of $8.40 on $12.70 billion in revenue. Citigroup — Shares of the Jane Fraser-led bank added 1.7% after third-quarter earnings and revenue were better than consensus estimates. Charles Schwab — The brokerage company surged more than 7% after third quarter results beat analysts' estimates.

Persons: Johnson, J, Goldman Sachs, LSEG, UnitedHealth, Walgreens, Jane Fraser, Coty –, Coty, Charles Schwab, —, Yun Li, Michelle Fox, Samantha Subin, Sarah Min, Pia Singh Organizations: Bank of America, Wall, LSEG, Revenue, Johnson, Walgreens, Alliance, Citigroup —, Citigroup, PNC Financial, PNC, Coty, Energy, RBC Capital Markets, EV Locations: Pittsburgh, LSEG .

☆ CNBC Daily Open: The economy and inflation might stay strong
▼ + stars: | 2024-10-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

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. Data on employment, inflation and economic growth have signaled that the "economy may not be slowing as much as desired," Waller said. A soft landing is the scenario in which inflation drops to the Fed's 2% target while economic growth and employment remain healthy. A "no landing," on the other hand, is when the economy continues expanding as inflation remains high.

Persons: Jefferies, Kelly Ortberg, Christopher Waller, Waller, Fed Governor Waller, Henry Allen, Ohsung Kwon, BofA, Kwon, –, Jeff Cox, Sarah Min, Lisa Kailai Han, Yun Li Organizations: Shoppers, Miami Design District, CNBC, Grand View Research, Boeing, P Global, U.S . Federal, Fed, Deutsche Bank, Bank of America Securities Locations: Miami , Florida, U.S

☆ Police arrest man after Korean American candidate's campaign signs appear spray-painted with slurs
▼ + stars: | 2024-10-14 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +3 min

An Orange County, California, man has been arrested in connection with acts of vandalism in which anti-Asian slurs that were spray-painted over campaign signs for Democratic congressional candidate Dave Min, who’s Korean American. It comes after reports of two separate incidents in which signs were spray-painted with an anti-Korean derogatory term. A video documenting the vandalism, that was posted on the Democratic candidate’s social media, shows the hate speech, written in silver paint, across a row of signs. Police said they first responded to a report of vandalism last Tuesday, when they found Min signs defaced with the offensive language. “The Huntington Beach Police Department takes vandalism seriously, particularly when it involves hate speech,” the police said in a news release last week.

Persons: Dave Min, Kevin Walker, Walker, Min, ” Min, Republican Scott Baugh, Nic Gerard, Scott, Baugh, ” Organizations: Democratic, Huntington, Huntington Beach Police Department, NBC, Orange County, Police, Republican, Los Angeles Times, Congressional District, Representatives, NBC News Locations: Orange County , California, Huntington Beach, Fountain Valley, Orange County, America, American, U.S

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