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☆ Investor focus shifts to rate cut outlook on Thanksgiving week, with Fed minutes and inflation data ahead
▼ + stars: | 2024-11-22 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

The interest rate outlook will come back into focus next week with key inflation data and Federal Reserve meeting minutes coming out ahead of Thanksgiving, as investors wrap up a major month for markets following President-elect Donald Trump's election victory. The October personal consumption expenditure (PCE) price index set to release Wednesday could dent already-dimming hopes for a December rate cut if it comes in hotter than expected. The inflation rate is expected to have increased 0.2% month over month and 2.3% year on year. Rosy expectations Even with the interest rate cut expectations coming in, investors are optimistic on the direction for stocks to close out the year and into 2025. Goldman Sachs' David Kostin this week said he expects the S & P 500 can end next year at 6,500.

Persons: Donald Trump's, —, Luke O'Neill, Stocks, O'Neill, Goldman Sachs, David Kostin, Morgan Stanley's Mike Wilson, Brian Belski, Tom Hainlin, Jeff Cox Organizations: Federal Reserve, Alpha Fund, Nasdaq, Dow Jones, BMO, UBS, Bank Asset Management, Dell Technologies, Chicago, New, Richmond Fed, Devices, Autodesk, PCE Deflator, Chicago PMI Locations: U.S, Chicago

☆ Morgan Stanley cautions against owning overcrowded stocks for risk of high valuation, volatility
▼ + stars: | 2024-11-22 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Owning overcrowded stocks could increase volatility and lead to muted portfolio gains, according to Morgan Stanley. "Crowded trades come with the risk of overvaluation and increased volatility as it may be more difficult to attract the marginal investor, while avoiding overcrowded stocks can provide investors with an opportunity to capture unrecognized value when paired with strong fundamentals," Morgan Stanley strategists said in a note to clients. Car rental agency Avis Budget Group was the most crowded stock among hedge funds, with more than half its float owned by professional traders. Aerospace and defense company Loar Holdings and real estate development and management firm Howard Hughes were also on the list of crowded trades. Janus Henderson , The New York Times , Planet Fitness and Wayfair were popular names among hedge funds last quarter.

Persons: Morgan Stanley, Russell, Howard Hughes, Janus Henderson Organizations: Avis Budget Group, Aerospace, Loar Holdings, The New York Times Locations: The

☆ Morgan Stanley CEO is bullish on stocks, says the U.S. economy is 'outperforming'
▼ + stars: | 2024-11-21 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Morgan Stanley CEO Ted Pick on Thursday expressed optimism about the stock market, saying that the U.S. economy will continue to outperform in 2025. "The world is still led by the U.S. consumer," Pick told CNBC's "Squawk Box Asia" from the Morgan Stanley summit in Singapore. He does acknowledge there will be some caution, due to factors including policy uncertainty, but "on the whole, people are are understandably continuing to be constructive." Pick said Morgan Stanley predicts that the broad-based S&P 500 will increase, pointing out that sectors like financials and industrials could perform with continued economic growth and some deregulation. The S&P 500 has gained just over 24% year to date, while the Dow Jones Industrial Average has seen a 15.13% climb.

Persons: Morgan Stanley, Ted Pick, Pick, CNBC's, industrials Organizations: Dow Jones Locations: U.S, Singapore

☆ Here are Thursday's biggest analyst calls: Nvidia, Tesla, Salesforce, Chevron, Dell, Snowflake, Netflix & more
▼ + stars: | 2024-11-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Goldman Sachs downgrades XPeng to neutral from buy Goldman downgraded the China EV company mainly on valuation. Goldman Sachs reiterates Chevron as buy Goldman raised its price target on the stock to $170 per share from $167. Goldman Sachs initiates Merus Therapeutics as buy Goldman said the biotech company has "best-in-class" potential. Goldman Sachs reiterates Snowflake as buy The firm said it likes the company's "strong execution" following earnings on Wednesday. Goldman Sachs reiterates Salesforce as buy Goldman said it's sticking with shares of Salesforce.

Persons: Goldman Sachs, Morgan Stanley, Rosenblatt, William Blair downgrades Ulta, William Blair, XPeng, Goldman, Wells, Jake Paul, Mike Tyson, Dell, Snowflake, Tesla, TJX, Salesforce Organizations: Nvidia, UMB, Palo Alto Networks, Palo, China EV, GE, Bank of America, Netflix, Citi, Energy, Chevron, Barclays, Royal Bank of Canada, Merus Therapeutics, " Bank of America, JPMorgan, Networks, Palo Alto, TJX Companies Locations: Ulta, XPeng, Canada, Shanghai, Salesforce

☆ Morgan Stanley CEO Ted Pick: US and China have a path to 'mutually' pro-growth solutions
▼ + stars: | 2024-11-21 | 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 EmailMorgan Stanley CEO Ted Pick: US and China have a path to 'mutually' pro-growth solutionsTed Pick, CEO of Morgan Stanley, discusses the greatest risk to the markets, and the "unified motivation" the U.S. and China will have to handle potential tariffs in a mutually beneficially manner.

Persons: Morgan Stanley, Ted Pick Locations: China

☆ The DOJ vs. Google: Breaking down the latest in the antitrust case and what it means for Chrome's future
▼ + stars: | 2024-11-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

AdvertisementThe DOJ has asked the judge in its antitrust case against Google to force the tech giant to sell Chrome, its massively popular browser. In August, a judge ruled Google violated antitrust laws and acted as a monopoly when it came to its search engine. Google will have a chance to respond next month with its own plan before the judge makes a ruling next year. That makes it a powerful distribution arm for Google since Chrome's default search engine is … Google. And Apple was making at least $20 billion a year by defaulting to Google Search .

Persons: Billy Bob Thornton, Trump, Elon Musk, Vivek Ramaswamy, Chelsea Jia Feng, Hugh Langley, Lara O'Reilly, Lara, Apple, Donald Trump, Matt Gaetz, Marc Rowan, Arturo Holmes, Apollo, Scott Kleinman, Jim Zelter, Morgan Stanley's, Jeff McMillan's, he's, You've, that's, Michael M, Tyler Le, Google's DeepMind, John Deere, Biden, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Justice Department, Google, Tech, Nvidia, Elon, DOJ, Microsoft, YouTube, Bloomberg, Big Tech, Trump, Getty, —, Comcast, Boston Celtics, White Locations: Los Angeles, New York, Chicago, London

☆ Delhi's 15 times higher than safe toxic smog levels is disrupting lives, says consulting CEO
▼ + stars: | 2024-11-21 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +3 min

AdvertisementNew Delhi reported severe levels of air pollution this week. Titus Koshy, CEO of United Consultancy Services Group, told BI his employees struggle to commute. Air pollution in India's capital, New Delhi, has become so severe that some people are struggling to commute to work. Titus Koshy, CEO of United Consultancy Services Group which has more than 150 employees, told Business Insider that the toxic smog engulfing the city had made it difficult for his staff to come into the office. AdvertisementA 2019 study by the World Bank estimated the global cost of health damages associated with exposure to air pollution to be $8.1 trillion.

Persons: Smog, Titus Koshy, Koshy, JP Morgan, Shubham Gupta Organizations: United Consultancy Services, BBC, World Health Organization, WHO, United, United States Environmental Protection Agency, Delhi's, KPMG, Cisco, Mondelēz, World Bank Locations: Delhi, New Delhi, United States, KPMG India, NCR

☆ 5 in-demand jobs that can pay over $100,000 and don't require a bachelor's degree
▼ + stars: | 2024-11-21 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

If you're looking for a career that pays well, doesn't require a bachelor's degree and offers strong job security, you might want to consider a job in the skilled trades. Close to a third (35%) of the fastest-growing jobs in the U.S. are in the skilled trades, with more than 1.5 million new jobs expected between now and 2032, according to the latest numbers from the Bureau of Labor Statistics. "As people continue to search for higher-paying jobs with low barriers to entry, blue-collar jobs have had a resurgence in interest — especially among Gen Z," he added. Though many blue-collar jobs don't require a four-year degree, most roles require certifications, licensing and, in some cases, extensive on-the-job training. Here are five in-demand jobs in the skilled trades that pay over $100,000 and don't require a bachelor's degree, according to data from Resume Genius and the Bureau of Labor Statistics:

Persons: Nathan Soto, Gen Organizations: McKinsey & Co, Labor, Bureau of Labor Statistics, CNBC Locations: U.S

☆ Watch CNBC's full interview with Morgan Stanley's Michael Kushma and American Century's Mike Rode
▼ + stars: | 2024-11-21 | 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 Morgan Stanley's Michael Kushma and American Century's Mike RodeMike Rode, senior investment director at American Century Investments, and Michael Kushma, senior fixed income portfolio manager at Morgan Stanley Investment Management, join CNBC's 'The Exchange' to discuss where to find opportunity in the market, how to position for the incoming administration, and more.

Persons: Morgan Stanley's Michael Kushma, Mike Rode Mike Rode, Michael Kushma, CNBC's Organizations: Century Investments, Morgan Stanley Investment Management

☆ No reason not to stay invested in India and Japan: Morgan Stanley's Gokul Laroia
▼ + stars: | 2024-11-21 | 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 EmailNo reason not to stay invested in India and Japan: Morgan Stanley's Gokul LaroiaGokul Laroia of Morgan Stanley says India and Japan are structurally attractive investment destinations and cases such the U.S. pressing charges against Gautam Adani for alleged bribery cannot be extrapolated to the rest of the market.

Persons: Morgan Stanley's, Morgan Stanley, Gautam Adani Locations: India, Japan

☆ Morgan Stanley CEO: It doesn't matter if the Fed cuts or pauses in December
▼ + stars: | 2024-11-21 | 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 EmailMorgan Stanley CEO: It doesn't matter if the Fed cuts or pauses in DecemberTed Pick, CEO of Morgan Stanley, says the Fed is going to act prudently over the next year and a half, and adds that the current candidates for the U.S. Treasury Secretary all have the expertise to balance growth and deficit spending.

Persons: Morgan Stanley, Ted Pick Organizations: U.S . Treasury

☆ Bond market sending clear message Fed may be moving 'too aggressively': Morgan Stanley's Dan Skelly
▼ + stars: | 2024-11-21 | 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 EmailBond market sending clear message Fed may be moving 'too aggressively': Morgan Stanley's Dan SkellyDan Skelly, Morgan Stanley Wealth Management executive director, and Dan Eye, Fort Pitt Capital Group partner & CIO, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Morgan Stanley's Dan Skelly Dan Skelly, Morgan, Dan Eye Organizations: Morgan Stanley Wealth Management, Fort Pitt Capital Group

☆ Morgan Stanley's Joseph Moore: All indications point to a strong ramp for Nvidia's Blackwell chips
▼ + stars: | 2024-11-21 | 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 EmailMorgan Stanley's Joseph Moore: All indications point to a strong ramp for Nvidia's Blackwell chipsJoseph Moore, Morgan Stanley Nvidia analyst, joins CNBC's 'Money Movers' to discuss outlooks on Nvidia following the company's quarterly report.

Persons: Morgan Stanley's Joseph Moore, Blackwell, Joseph Moore, Morgan Stanley Organizations: Nvidia

☆ 2024 was a 'year of outperfomance': Morgan Stanley CEO
▼ + stars: | 2024-11-21 | 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 Email2024 was a 'year of outperfomance': Morgan Stanley CEOTed Pick, CEO of Morgan Stanley is also bullish going into next year, saying that investors are "constructive" on the markets "against a backdrop where the U.S. economy continues to outperform."

Persons: outperfomance, Morgan Stanley, Ted Pick

☆ Wall Street overlooks modest Nvidia guidance, lift price targets ahead of strong Blackwell ramp
▼ + stars: | 2024-11-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Investors shouldn't let a smaller-than-expected guidance beat overshadow tailwinds from Nvidia's looming Blackwell graphics processing unit rollout come January. Citi's Atif Malik lifted the firm's price target to $175 and opened a positive catalyst ahead of the consumer electronics show in January. Wells Fargo's Aaron Rakers moved to a $185 price target, reflecting 27% upside from Wednesday's close. Meanwhile, JPMorgan's Harlan Sur lifted his price target to $170 a share, saying that margins should improve toward the mid-70s range in the second half of 2025 as Nvidia streamlines costs. What's next for the stock Despite strong Blackwell expectations, some analysts warn of potential near-term volatility.

Persons: Wall, Blackwell, NVDA, Jefferies, Blayne Curtis, Citi's Atif Malik, Wells, Aaron Rakers, Bernstein's Stacy Rasgon, JPMorgan's Harlan Sur, What's, America's Vivek Arya, Tom O'Malley, Baruah, Cantor, C.J, Muse, Morgan Stanley, Joseph Moore Organizations: tailwinds, Blackwell, Nvidia, America's, Barclays Locations: Nvidia's

☆ From debt point of view, we are seeing attractive spread levels globally: J.P. Morgan's Reschke
▼ + stars: | 2024-11-21 | 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 EmailFrom debt point of view, we are seeing attractive spread levels globally: J.P. Morgan's ReschkeMatthias Reschke, J.P Morgan's head of European investment grade finance, discusses the debt and credit landscape ahead of J.P. Morgan's inaugural European Financials Conference.

Persons: Morgan's Reschke Matthias Reschke, J.P Organizations: Morgan's, Financials Conference Locations: J.P

☆ CEO makes largest-ever donation to ‘undervalued’ U.S. Soccer women and girls programs
▼ + stars: | 2024-11-20 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +2 min

Businesswoman and philanthropist Michele Kang just made a historic donation to women’s soccer. Kang, owner of the professional soccer team Washington Spirit, has pledged $30 million to the girls and women’s programs of U.S. Soccer, the organization announced on Tuesday. It’s the largest donation ever made to the soccer body by a woman, as well as to girls and women’s soccer. “Michele Kang’s gift will transform soccer for women and girls in the United States,” said Cindy Parlow Cone, president of the U.S. Soccer. She also owns Olympique Lyonnais, a women soccer team that plays in France, and London City Lionesses, in England.

Persons: Michele Kang, Kang, ” Kang, “ Michele Kang’s, ”, Cindy Parlow Cone, “, Alex Morgan, ’ Organizations: Washington, U.S, Soccer, U.S . Soccer, U.S . National Women’s Soccer League, Olympique Lyonnais, London City Lionesses, CNBC Locations: United States, France, England, U.S

☆ China expectedly keeps benchmark lending rates steady as Beijing assesses stimulus measures
▼ + stars: | 2024-11-20 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +3 min

China's central bank on Wednesday kept major benchmark lending rates unchanged, as Beijing assesses the effects of its recent stimulus measures. The People's Bank of China said it would keep the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%. The 1-year LPR affects corporate and most household loans in China, while the 5-year LPR acts as a benchmark for mortgage rates. Only retail sales beat expectations, with a 4.8% year-on-year increase, indicating that recent stimulus had started seeping into certain sectors of the economy. Goldman, however, maintained "overweight" stance on China equities, forecasting a 13% upside to the benchmark CSI 300 index next year.

Persons: Bruce Pang, Pang, Pan Gongsheng, Morgan Stanley, Goldman Sachs, Goldman, Donald Trump's Organizations: People's Bank of China, People's Bank of, Reuters, Ministry of Finance Locations: Beijing, China's, People's Bank of China, China, JLL

☆ U.S. 'industrial renaissance' is fueling a rebound in fundraising, Apollo CEO Marc Rowan says
▼ + stars: | 2024-11-20 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Jonathan Gray, president and chief operating officer of Blackstone Inc., from left, Ron O'Hanley, chief executive officer of State Street Corp., Ted Pick, chief executive officer of Morgan Stanley, Marc Rowan, chief executive officer of Apollo Global Management LLC, and David Solomon, chief executive officer of Goldman Sachs Group Inc., during the Global Financial Leaders' Investment Summit in Hong Kong, China, on Tuesday, Nov. 19, 2024. An "industrial renaissance" in the U.S. is fueling demand for capital, Marc Rowan, CEO of Apollo Global Management said at the Global Financial Leaders' Investment Summit in Hong Kong. "There is so much demand for capital, [including through debt and equity] ... What's going on is nothing short of extraordinary," Rowan said on Tuesday during a panel discussion. "What we're watching is this incredible demand for capital happening against a backdrop of a U.S. government that is running significant deficits. Rowan and other panelists also identified energy and data centers — needed for artificial intelligence and digitization — as growth sectors requiring more capital.

Persons: Jonathan Gray, Ron O'Hanley, Ted Pick, Morgan Stanley, Marc Rowan, David Solomon, What's, Rowan, Donald Trump Organizations: Blackstone Inc, State Street Corp, Apollo Global Management LLC, Goldman Sachs, Inc, Global Financial, Investment, Apollo Global Management, Blackstone Locations: Hong Kong, China, U.S

☆ Jim Cramer says he's feeling even more confident in Apple's future. Here's why
▼ + stars: | 2024-11-20 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Jim Cramer said Wednesday he's feeling even better about Apple after a new piece of Wall Street research. "This piece makes me feel more confident [about Apple]," Jim said Wednesday. "They are transitioning in a very deft way from making China by far their biggest market to India," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. An Apple logo is displayed on a smartphone with stock market values in the background.

Persons: Jim Cramer, Bernstein, Toni Sacconaghi, —, Jim, Donald Trump's, Jim Cramer's Organizations: Apple, JPMorgan, Apple's, F1Q25, UBS, Apple Intelligence, CNBC, Getty Locations: China, India, Philippines, Indonesia

☆ CMA Awards 2024: See who won
▼ + stars: | 2024-11-20 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +3 min

CNN —The 58th Annual CMA Awards are underway, taking place live from Nashville’s Bridgestone Arena. Morgan Wallen earned the most nominations with seven, followed by Cody Johnson and Chris Stapleton with five. The CMA Awards aired live on ABC and will be available to stream on Hulu on Thursday. Morgan Wallen)• “Watermelon Moonshine” – Lainey Wilson• “White Horse” – Chris Stapleton *WINNERALBUM OF THE YEAR• “Deeper Well” – Kacey Musgraves• “Fathers & Sons” – Luke Combs• “Higher” – Chris Stapleton• “Leather” – Cody Johnson *WINNER• “Whitsitt Chapel” – Jelly RollCody Johnson performs during the CMA Awards on Wednesday, in Nashville, Tennessee. Kacey Musgraves)• “Man Made A Bar” – Morgan Wallen (Feat.

Persons: Luke Bryan, Peyton Manning, Lainey Wilson –, Morgan Wallen, Cody Johnson, Chris Stapleton, Post Malone, Wilson, Malone, George Strait, Megan Moroney, Kacey Musgraves, Luke Combs, Kelsea Ballerini, Noah Kahan, Chris Stapleton • Morgan Wallen, • Lainey Wilson, – Cody Johnson •, Lainey Wilson •, ” – Luke Combs, Chris Stapleton •, – Cody Johnson, • “, Jelly Roll Cody Johnson, George Walker IV, – Hillary Lindsey, Parker McCollum, Lori McKenna, Liz Rose •, Josh Phillips • “, Louis Bell, Ashley Gorley, Charlie Handsome, Hoskins, Ernest Keith Smith, Chandler Paul Walters •, – Benjy Davis, Kat Higgins, Ryan Larkins •, Dan Wilson, Ballerini • Ashley McBryde, Megan Moroney •, Lainey Wilson, Roll • Cody Johnson, • Morgan, •, Clay, Zac Brown, Brooks, Dunn, • Brothers Osborne, Dan, Shay, Maddie, Tae, Ronnie Dunn, Kix Brooks, Tibrina Hobson, FilmMagic, Zach Bryan, Kacey, – Morgan Wallen, Eric Church, ”, Ella Langley, Riley Green, Tom Bukovac, • Paul Franklin, Rob McNelley, Charlie Worsham, ” – Cody Johnson, – Lainey Wilson, • Shaboozey, Nate Smith • Mitchell Tenpenny, Zach Top • Bailey Zimmerman Organizations: CNN, Nashville’s Bridgestone, NFL, Post, CMA, ABC, Austin Post, Big, Brooks, Cowboys, • Paul Franklin – Locations: Hulu, Nashville , Tennessee, Austin

Keep reading to learn how to watch the CMA Awards, including live streaming options for those without cable. While it's her first time hosting the show, she's no stranger to the CMA Awards. How to watch the CMA Awards in the USThe CMA Awards will air on ABC on Wednesday, November 20, at 8 p.m. Those without cable can still live stream the awards show using a month-to-month live TV streaming service like Sling TV, DirecTV Stream, or Fubo. Check price at FuboHow to watch the CMA Awards from anywhereTraveling outside the US and still hoping to tune in to the CMA Awards?

Persons: Luke Bryan, Peyton Manning, Lainey Wilson, it's, Wilson, Morgan Wallen, Jelly Roll, Luke Combs, Kacey, Chris Stapleton, Post Malone, Ballerini, Noah Kahan, Simone Biles, Freddie Freeman, Billy Bob Thornton, George, Jamey Johnson, Miranda Lambert, Parker McCollum, Stapleton, we've, ExpressVPN Organizations: Business, Country Music, CMA, Big Town, Post, ABC, DirecTV, DirecTV Stream Locations: Nashville, George Strait

☆ Widespread high valuations are concerning, says Morgan Stanley's Mike Wilson
▼ + stars: | 2024-11-20 | 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 EmailWidespread high valuations are concerning, says Morgan Stanley's Mike WilsonMike Wilson of Morgan Stanley discusses the 3 main risks to the markets he is watching out for and says that while they are less optimistic about the market impact of Trump's potential tariffs in the near-term, things could get better by the end of 2025.

Persons: Morgan Stanley's Mike Wilson Mike Wilson, Morgan Stanley

☆ Wells Fargo sees another big stock market gain in 2025 on strong economy, deregulation under Trump
▼ + stars: | 2024-11-20 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Stocks are primed for another big stock market gain in 2025 given U.S. economic strength and likely deregulation under President-elect Donald Trump, according to Wells Fargo. The Wall Street bank expects the S & P 500 will advance to 6,600 by the end of 2025. .SPX YTD mountain S & P 500 Wells Fargo is the latest big firm to release its 2025 S & P 500 year-end target, with virtually all shops thus far anticipating a roughly 10% gain or more for the broad market index. Goldman Sachs' David Kostin this week said he expects the S & P 500 to end next year at 6,500. The S & P 500 surged 24% in 2023, and is up more than 23% this year.

Persons: Donald Trump, Darrell Cronk, Goldman Sachs, David Kostin, Morgan Stanley's Mike Wilson, Brian Belski, Cronk Organizations: Wells, Investment Institute, BMO, UBS, CNBC, & $ Locations: Wells Fargo, Tuesday's

☆ Stocks making the biggest moves midday: Target, Nvidia, AppLovin, Williams-Sonoma and more
▼ + stars: | 2024-11-20 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Williams-Sonoma earned $1.96 per share on $1.80 billion in revenue, while analysts surveyed by LSEG had anticipated just $1.78 in earnings per share and $1.79 billion in revenue. Target — Shares plunged more than 21% after the big-box retailer disappointed on third-quarter earnings and revenue estimates and cut its full-year guidance, just three months after raising that forecast. Target reported only a slight uptick in customer traffic as CEO Brian Cornell noted "lingering softness in discretionary categories." That is better than the $1.57 in earnings per share that analysts were expecting, per FactSet. Dolby earned 61 cents per share in its fiscal fourth quarter, higher than analysts' forecast of 45 cents per share, according to FactSet.

Persons: LSEG, Ford, Piper Sandler, Brian Cornell, Robinhood, Needham, Morgan Stanley, Keysight, Dolby, —, Alex Harring, Brian Evans, Sean Conlon, Yun Li, Michelle Fox Organizations: Sonoma, Ford, U.S, Nvidia, LSEG, —, Air Lines, Delta, Super Micro, BDO, Nasdaq, Dolby, Wall, Qualcomm Locations: Robinhood

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