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☆ Trading around sectors will be tricky, says Charles Schwab's Liz Ann Sonders
▼ + 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 EmailTrading around sectors will be tricky, says Charles Schwab's Liz Ann SondersLiz Ann Sonders, Charles Schwab chief investment strategist, joins 'Closing Bell' to discuss potential roadblocks and catalysts to the market rally.

Persons: Charles Schwab's Liz Ann, Liz Ann Sonders, Charles Schwab

☆ The Wrap-Up for Wednesday November 20
▼ + stars: | 2024-11-20 | 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 EmailThe Wrap-Up for Wednesday November 20The top headlines that could drive today's trading.

☆ Treasury yields rise as investors weigh geopolitical tensions, economic data
▼ + stars: | 2024-11-20 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was up by over four basis points to 4.4178%. The 2-year Treasury yield was last trading at 4.2932% after rising by more than two basis points. U.S. Treasury yields were higher on Wednesday as investors considered the geopolitical situation and assessed the latest economic data. Elsewhere, investors weighed the latest economic data, with new housing starts falling short of expectations in October, and building permits slipping month over month, according to data published Tuesday. Later in the week, investors will be watching out for October's flash purchasing managers' index reports from S&P Global for the services and manufacturing sector.

Persons: Vladimir Putin, Donald Trump's Organizations: Treasury, U.S, Investors, Global, Federal Reserve Locations: Russia, Ukraine, U.S, Ukraine's, Kyiv

☆ Stocks making the biggest moves after hours: Nvidia, Snowflake and more
▼ + stars: | 2024-11-20 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Nvidia posted 81 cents in adjusted earnings per share and $35.08 billion in revenue. Analysts surveyed by LSEG were expecting 75 cents in earnings per share and $33.16 billion in revenue. Snowflake — The cloud stock soared 18% after beating earnings expectations for the third quarter and issuing strong guidance. Snowflake posted adjusted earnings of 20 cents per share on $942 million in revenue, while analysts surveyed by LSEG predicted 15 cents in earnings per share and $897 million in revenue. That was roughly in line with the Street's forecast of $1.55 per share in earnings and $2.23 billion in revenue, per FactSet.

Persons: LSEG, Snowflake, Palo, Jack Organizations: Nvidia, Palo Alto Networks, Palo Alto, FactSet

☆ A bearish options trade on Apple as stock struggles to keep up with broader market
▼ + stars: | 2024-11-20 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

Back in late September, I laid out a bearish thesis on Apple and the trade expired last Friday and resulted in a 100% gain. Apple (AAPL) continues to face significant headwinds, with disappointing iPhone 16 sales, growing competition in augmented reality, and underwhelming progress in artificial intelligence (AI). China's slowing economy has weighed heavily on Apple, exacerbating challenges in one of its largest markets. While Apple boasts industry-leading net margins of 24%, its expected EPS growth of 11.6% and revenue growth of 6.9% provide limited justification for this valuation premium. With iPhone sales growth faltering and the lack of a clear catalyst from AI or AR/VR initiatives, AAPL's premium valuation remains increasingly difficult to sustain.

Persons: AAPL Organizations: Apple, Apple Intelligence, Meta, Microsoft, CNBC, NBC UNIVERSAL Locations: OptionsPlay

☆ Stanley Black & Decker updates targets, plus Nvidia and Palo Alto earnings on deck
▼ + stars: | 2024-11-20 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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: Jim Cramer, Stanley Black, Decker, Don Allen, Jim Cramer's, Jim, David Paul Morris Organizations: CNBC, ., Bloomberg, Nvidia, Palo Alto, Deere, BJ's Wholesale, Baidu, GE Healthcare, Jim Cramer's Charitable, Getty Locations: radiopharmaceuticals, Colma , California

☆ 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

☆ Billionaire Gautam Adani indicted in New York on bribery charges
▼ + stars: | 2024-11-20 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —Indian billionaire Gautam Adani and other executives were indicted in New York for roles in a multi-billion-dollar fraud scheme, the US Department of Justice said Wednesday. Authorities said Adani and seven other senior business executives, including his nephew Sagar Adani, promised more than $250 million in bribes to Indian government officials to secure solar energy contracts. Worth more than $85 billion, Adani is Asia’s second-richest person behind countryman Mukesh Ambani, according to Bloomberg’s Billionaires Index. The solar energy supply contracts were projected to raise more than $2 billion in profits after tax over an approximately 20-year period. The defendants frequently met and discussed the bribery scheme, including evidence on several phones.

Persons: Gautam Adani, Adani, Sagar Adani, ”, Lisa Miller, Worth, Mukesh Ambani, Cyril Cabanes, Adani Green, Jeff Bezos –, Hindenburg, Narendra Modi, CNN’s Diksha Madhok Organizations: New, New York CNN, US Department of Justice, Authorities, Adani Group, Indian, DOJ, Securities and Exchange Commission, Adani Green Energy Ltd, Power, SEC, Hindenburg, Bloomberg, Adani Enterprises, CNN Locations: New York

☆ Bitcoin rises to a fresh record above $94,000 as investors watch Trump transition, ETF options
▼ + stars: | 2024-11-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Bitcoin advanced past $94,000 on Wednesday for the first time as traders continued to monitor President-elect Donald Trump's transition back to the White House and weighed early options trading on bitcoin ETFs. The price of the cryptocurrency was last higher by more than 1% at $94,804.40, according to Coin Metrics. Earlier, it traded as high as $94,942.00. Meanwhile, MicroStrategy jumped 8%, bringing its week-to-date gains to 36%. Bitcoin has been regularly hitting fresh records since the election, though in smaller increments since the postelection rally faded last week, on hopes that Trump will usher in a crypto-friendly era for the industry that includes a more supportive regulation and a potential national strategic bitcoin reserve or stockpile.

Persons: Bitcoin, Donald Trump's, MicroStrategy, Trump Organizations: White, Metrics

☆ Italy recovers Etruscan artifacts dug up by ‘amateurish’ tomb raiders
▼ + stars: | 2024-11-20 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

artifacts from an Etruscan necropolis looted by a couple of bungling tomb raiders in Umbria who stumbled across the haul on their land. They were found in Citta della Pieve, about 150 kilometers (90 miles) north of Rome. The ornate artifacts were seized by Italian police after 'clumsy' tomb raiders tried to find buyers online. They “had nothing to do with the world of (practiced) tomb raiders” and were “clumsy” and “amateurish” in the way they tried to access the black market for looted art, the prosecutor said. Another Etruscan tomb, belonging to the same “Pulfna” family, was found in Città della Pieve in 2015.

Persons: Remo Casilli, Raffaele Cantone, ”, Cantone, Annamaria Greco, Città, dei Organizations: CNN, Citta della Pieve, Police, Carabinieri, Facebook Locations: Umbria, Italy, Rome, Perugia, Città della Pieve

☆ Target sounds the alarm bell on holiday shopping
▼ + stars: | 2024-11-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Target is expecting a surprisingly weak holiday shopping season, a warning sign for the retail industry. The holiday shopping season is pivotal for retailers. While Target can survive a weak holiday season, many smaller companies depend on strong sales during the holidays. But Target has also slumped because of its merchandise mix and higher prices compared to rivals like Walmart. Walmart raised its financial outlook, a signal it expects a strong holiday shopping season.

Organizations: New, New York CNN, Target, Walmart, Costco Locations: New York

☆ Q3 is one of Snowflake's 'best quarters we've seen in a long time', says Jefferies Brent Thill
▼ + stars: | 2024-11-20 | 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 EmailQ3 is one of Snowflake's 'best quarters we've seen in a long time', says Jefferies Brent ThillBrent Thill, Jefferies Analyst, joins 'Closing Bell Overtime' to talk Snowflake earnings as shares spike over 13% in extended trading.

Persons: Snowflake's, we've, Jefferies Brent Thill Brent Thill Organizations: Jefferies

☆ The 10-year Treasury yield is looming as a potential anchor on stocks
▼ + stars: | 2024-11-20 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The runup in the 10-year Treasury yield is proving to be more than a short-term fluctuation, and that is starting to draw nervous looks on Wall Street. US10Y 3M mountain The 10-year Treasury yield started to climb ahead of the election and has moved higher still after Donald Trump's victory. With the 10-year yield close to a key psychological level of 4.5%, there is concern that another move higher could lead to a downturn in the stock market. If the 10-year yield does break through the 4.5% level, technical patterns suggest it could make a significant climb. Strong economic growth and optimism around artificial intelligence are two reasons why stocks may be able to tolerate higher rates, said Solita Marcelli, UBS global wealth management chief investment officer for the Americas.

Persons: Bond, Donald Trump's, Wolfe, Chris Senyek, Trump, Senyek, Paul Ciana, Stocks, Solita Marcelli, Marcelli Organizations: Treasury, Wolfe Research, Bank of America, UBS Locations: 1Q25

☆ Stock futures are little changed, Nvidia shares slip after earnings report: Live updates
▼ + stars: | 2024-11-20 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures are near flat Wednesday night as investors parsed the all-important earnings release from artificial intelligence darling Nvidia . Investors kept a close eye on after-the-bell earnings from Nvidia, the chipmaker that has dazzled Wall Street for more than a year as a key AI beneficiary. While the company beat expectations for the third quarter and issued strong guidance, shares shed more than 1%. On the other hand, Snowflake jumped more than 19% after the data analytics software company beat expectations for the third quarter. That action follows a mixed day on Wall Street, with the S&P 500 ending near flat.

Persons: University's, Snowflake, Dow, Beth Hammack, Austan Goolsbee, Jeff Schmid Organizations: New York Stock Exchange, Stock, Nvidia, Dow Jones Industrial, Nasdaq, Investors, Dow, University's Stern School of Business, Traders, Cleveland Federal, Chicago Fed, Kansas City, Intuit Locations: New York City, New

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin hits new record near $95,000 as investors monitor Trump transition: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Andrew O'Neill of S&P Global Ratings discusses how crypto policy changes under Trump could affect crypto prices.

Persons: explainers, Andrew O'Neill of S Organizations: Trump, CNBC Crypto, CNBC

☆ Corporate insiders are selling shares at a record pace in the fourth quarter
▼ + stars: | 2024-11-20 | by ( Nick Wells | ) www.cnbc.com time to read: +4 min

Corporate insiders are taking advantage of the stock market's postelection boom to all-time highs, unloading shares at record levels. The data includes trades made under preplanned 10b5-1 trading plans. Plus, many 10b5-1 trading plans are price-triggered meaning that executives select levels at which to sell shares. Executives at private education firm Grand Canyon Education have sold an aggregate $2.3 million worth of shares in the fourth quarter, per Verity. Nucor CEO Leon Topalian sold $1.9 million in shares the day following the election at an average price of $169.11.

Persons: preplanned, Ben Silverman, Silverman, Verity, Brian Mueller, Reid Hoffman's, Donald Trump's, Tump, Alexander Karp, Daniel D'Aniello, Carlyle, Tesla, Kathleen Wilson, Thompson, Robyn Denholm, Phillip Juhan, Eric Swider, Leon Topalian, Holden Lewis, Daniel Florness, —, Jesse Pound Organizations: Education, Canyon Education, Partners, Aurora, Big, Carlyle Group, Trump Media, Securities, Exchange

☆ Dollar sags to one-week low after safety bid, 'Trump trade' momentum wanes
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: +3 min

Bitcoin pushed to a fresh all-time peak above $94,000, carried by expectations for a friendlier regulator environment for cryptocurrencies under Trump. "The 'Trump Trade' that boosted the greenback is facing challenges from Trump's controversial cabinet nominations and the escalation in the Russian-Ukraine war," DBS strategists wrote in a client note. Traders continue to pare back expectations for an interest-rate cut at the Fed's next meeting in December. The dollar added 0.9% to 154.84 yen after falling sharply to 153.28 on Tuesday following the Russia news. The euro held steady at $1.0598 , having recovered from a drop to $1.0524 in the previous session.

Persons: Donald Trump's, Bitcoin, Trump, Howard Lutnick, Trump's, pare, CME's, Jerome Powell Organizations: U.S, Moscow, Trump, Treasury, Wall Street, Commerce Department, Trump Trade, DBS, Traders, Financial Times Locations: Russian, Ukraine, Russia

☆ Carson Block is shorting cosmetics company E.L.F. Beauty, saying it's a 'revenue and investor mystery'
▼ + stars: | 2024-11-20 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

AdvertisementSpeaking at the Sohn conference in London, Muddy Waters founder Carson Block said he was short E.L.F Beauty. Notorious short-seller Carson Block has a new target: discount cosmetics company E.L.F. AdvertisementUsing import data and referencing conversations the Muddy Waters founder and his team had with E.L.F. "Its reported inventory also appears materially inflated as a result — i.e., to account for cash that has not really come in." AdvertisementBlock and his firm, Muddy Waters, have been a thorn in the side of plenty of companies, big and small.

Persons: Muddy, Carson Block, E.L.F, Block, Muddy Waters, Block's, Blackstone Organizations: Sohn, Muddy Waters, Sohn Conference Locations: London, California, Muddy, China

☆ 3-Stock Lunch: Target, Williams-Sonoma and Palo Alto
▼ + stars: | 2024-11-20 | 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 Email3-Stock Lunch: Target, Williams-Sonoma and Palo AltoBill Strazzulo, Bell Curve Trading chief market strategist, joins 'Power Lunch' to discuss stock plays for three stocks.

Persons: Strazzulo Organizations: Williams, Palo Alto, Bell Curve Trading Locations: Sonoma

☆ Target shares plummet 18% in premarket trade as it posts disappointing earnings and cuts guidance
▼ + stars: | 2024-11-20 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

The retailer cut its full-year financial guidance and reported sales growth of just 0.3%. Target shares plunged as much as 18% in premarket trading after the retailer posted disappointing third-quarter earnings and lowered its financial guidance for the year. On Wednesday, Target reported adjusted earnings per share of $1.85, down just under 12% year-over-year. AdvertisementIn the release, Target also cut its full-year financial guidance, saying it expects earnings per share of between $8.30 and $8.90. At its second-quarter earnings in August, the retailer said it expected full-year EPS of between $9 and $9.70.

Persons: Brian Cornell Organizations: Analysts, Revenue, Target Corporation, Target, Walmart, Costco

☆ Netanyahu offers $5 million and safe passage out of Gaza to anyone returning a hostage
▼ + stars: | 2024-11-20 | by ( Tamar Michaelis | ) edition.cnn.com time to read: +2 min

CNN —Israeli Prime Minister Benjamin Netanyahu on Tuesday offered $5 million and safe passage out of Gaza to anyone returning a hostage. We will also give $5 million for every hostage,” Netanyahu said. “The prime minister is trading the hostages’ lives,” said Einav Zangauker. When Hamas attacked Israel on October 7 of last year, it killed more than 1,200 people and took over 250 others hostage. Of those abducted, 97 remain in Gaza, including the bodies of at least 34 confirmed dead by the Israeli military.

Persons: Benjamin Netanyahu, “, ” Netanyahu, Israel Katz, Netanyahu, Matan, ’, ”, Einav, he’ll, ” Zangauker Organizations: CNN, Israeli, Defense Locations: Gaza, Qatar, Israel

☆ Three global stocks stocks to own in 2025, according to Barclays
▼ + stars: | 2024-11-20 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

The outlook for equity markets looks "decent" going into 2025, according to Barclays, as central banks cut interest rates and the global economy remains resilient. The bank named "overweight-rated stocks in which our analysts have high conviction in 2025 and see value in owning on an individual basis." Here are three of Barclays' top picks, which it gives over 35% upside potential: Shell Barclays is bullish on Shell and has a target price of £36 ($45.60) on the stock, giving it around 40% upside potential. They are currently trading around a three-times discount to their five-year average, Barclays' analysts said. Barclays has a target price of 160 euros ($169.50) on the Amsterdam-listed stock, giving it 44% potential upside.

Persons: BeSi, — CNBC's Michael Bloom Organizations: Barclays, Shell Barclays, Shell, London Stock Exchange, AstraZeneca, London, Stockholm Stock Exchanges, BE Semiconductor, BE Semiconductor Industries, Euronext Locations: U.S, —, Euronext Amsterdam, Amsterdam

☆ 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

☆ Jim Cramer wants to buy this falling tech stock — and touts another reason to like Disney
▼ + stars: | 2024-11-20 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer reiterated his belief that the big-picture rollout of Blackwell is fine. Jim Cramer said he sees "a great opportunity" to buy Crowdstrike as shares fall nearly 2% Wednesday. 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 .

Persons: Jim Cramer, Stocks, Jim, we're, Jim Cramer's Organizations: CNBC, Nasdaq, Nvidia, Blackwell, Target, Costco, Walmart, Club, Palo Alto Networks, Disney, Williams, JPMorgan, Delta Air Lines Locations: Sonoma

☆ Palo Alto Networks beat and raise fails to wow Wall Street. But that plays into our hand
▼ + stars: | 2024-11-20 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

Don't sweat the drop in Palo Alto Networks stock, which came despite a solid beat and raise after Wednesday's closing bell. Bottom line Palo Alto Networks is off to a strong start to its fiscal year 2025. Palo Alto Networks passed through the fiscal first-quarter earnings beat into its full-year fiscal 2025 outlook. NGS ARR includes revenue for Palo Alto Network's Prisma, Cortex, QRadar, and certain cloud-delivered security services. Nikesh Arora, Chairman and CEO of Palo Alto Networks, speaking at the TEC Summit on October 29, 2019 in New York City.

Persons: Platformization, We're, Palo, Nikesh Arora, Arora, Jim Cramer, SASE, billings, Jim Cramer's, Jim, Astrid Stawiarz Organizations: Palo Alto Networks, Palo, LSEG, Palo Alto, Alto Networks, Cisco Systems, cybersecurity, Street, Management, CNBC, TEC Summit Locations: Palo, platformization, Palo Alto, New York City

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