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It's not all sunshine and rainbows when looking under the hood of this latest leg of the stock market rally. Krinsky also noted that the advance-decline line at the New York Stock Exchange, a breadth measure that calculates the difference between advancing and declining stocks, fell all five trading days last week. The former saw a few more days of rally before a -10% drawdown, while the latter saw a quick -5% drawdown before a marginal new high that ended that cyclical bull market," wrote the firm's chief market technician. .SPX YTD mountain SPX year to date To be sure, a sample size of two instances hardly makes a historical trend. The bank also hiked its price target on the stock to $200 from $70, implying upside of nearly 23%.
Persons: It's, BTIG's Jonathan Krinsky, Krinsky, Morgan Stanley, Brian Nowak Organizations: New York Stock Exchange
Advanced Micro Devices — The chipmaker dropped more than 1% after a Bank of America downgrade to neutral from buy. Interpublic Group of Companies , Omnicom Group — The stocks moved in opposite directions after the companies announced that Omnicom will acquire Interpublic in a stock-for-stock transaction . Following the announcement, shares of Interpublic jumped nearly 15%, while Omnicom shares fell about 3%. SoFi Technologies — The fintech stock slipped 2% after a downgrade to underperform from neutral at Bank of America. PayPal — Shares of the fintech company rose 2% after Bank of America upgraded the stock to buy from neutral.
Persons: Vivek Arya, Omnicom, Interpublic, Reddit, Morgan Stanley, Brian Nowak, SoFi, , Fred Imbert, Jesse Pound, Lisa Kailai Han, Sean Conlon, Samantha Subin, Michelle Fox, Hakyung Kim Organizations: Nvidia, Administration, Bank of America, Big Tech, U.S . Special, Command, Interpublic, of Companies, Omnicom, Dow, Macquarie Asset Management, U.S, Technologies, PayPal Locations: China, Gulf
BEIJING, CHINA - NOVEMBER 8: Chinese President Xi Jinping arrives for a signing ceremony with Italian President Sergio Mattarella (not pictured) at The Great Hall Of The People on November 8, 2024 in Beijing, China. Usually, the annual conference is preceded by the high-profile gathering of the Politburo, the top decision making body led by president Xi. While the specific numbers will not be announced until March, it is widely expected that Beijing will keep its next year's GDP growth target at "around 5" — same as the current year — if not slightly lower. China's President Xi Jinping and then U.S. President Donald Trump at a working session on the first day of the G20 summit in Hamburg, northern Germany, on July 7, 2017. "A policy bazooka could arrive if the Trump tariffs hit China's exports hard," Macquarie's Hu said, adding that Beijing will have to stimulate domestic demand to achieve its growth target.
Persons: Xi Jinping, Sergio Mattarella, Florence Lo, Xi, Goldman Sachs, Larry Hu, Lynn Song, Donald Trump, Morgan Stanley, Patrick Stollarz, Trump, Macquarie's Hu, Hu Organizations: Getty, Getty Images, Bloomberg, Goldman, Macquarie, ING, of Finance, Barclays, AFP Locations: BEIJING, CHINA, Beijing, China, Florence, Hamburg, Germany, China's
Loonie, Aussie in focus while U.S. dollar idles
  + stars: | 2024-12-09 | by ( ) www.cnbc.com   time to read: +3 min
The Canadian dollar and Australian dollar were in focus on Monday ahead of their central bank meetings this week, while the euro and other major currencies held steady as traders reviewed the U.S. dollar's prospects. On the former, a quarter point cut by the ECB is baked in. The Canadian dollar is trading near a 4-1/2-year low as markets anticipate another outsized interest rate cut. Markets give a higher probability for a larger 50 basis point cut, and are even priming for negative interest rates by next year. While the case for the rate cut seems sealed, investors have one eye on U.S. consumer price inflation (CPI) data due this week.
Persons: Donald Trump, Morgan Stanley, China's, Chris Weston Organizations: Canadian, Federal Reserve, European Central Bank, Economic Work, ECB, The Bank of Canada, BoC, Reserve Bank of Australia, Swiss National Bank, Australian, Swiss, Fed, CPI, U.S Locations: Asia, China
Increased advertising spend gives Reddit a leg up over its peers, according to Morgan Stanley. RDDT YTD mountain RDDT YTD chart Morgan Stanley has stayed on the sidelines with Reddit during the year, which analyst Brian Nowak acknowledged as a mistake. This leads to ~35% '24-'27 US Ad revenue growth ... which is 2X-6X faster than peers." Nowak also expects ad spending to increase with Reddit's technological adoption, which includes machine learning modeling and end-to-end automation. He added that Reddit's U.S. ad unit pricing remains around 50% lower than that of its peers.
Persons: Morgan Stanley, Brian Nowak, Nowak Organizations: Reddit
Here are Monday's biggest calls on Wall Street: Bank of America downgrades Advanced Micro Devices to neutral from buy Bank of America said it's concerned about market share gain potential slowing. Deutsche Bank initiates First Citizens as buy Deutsche Bank said it has a favorable long term view of the commercial banking company. Bank of America upgrades PayPal to buy from neutral The firm said the stock is a turnaround story. Bank of America downgrades Capital One to neutral from buy Bank of America said the Trump trade has played out for Capital One. Bank of America upgrades TaskUs to buy from neutral Bank of America said the outsourcing company is "best in class."
Persons: it's, Morgan Stanley, Goldman Sachs, Goldman, it's bullish, Robinson, Wells, Bernstein, JD …, Jefferies, McCormick, Biogen, Morgan, director's, JEF, OW, TD Cowen, Blackstone, Charles Schwab, Robinhood, Schwab, HOOD, Trump, SOFI, Truist, Tesla, Deutsche, Roth Organizations: Bank of America, Devices, AMD, Holdings, UBS, ELAN, Deutsche Bank, Citizens, First Citizens, JPMorgan, Broadcom, VMWare, Citi, Morgan Stanley downgrades Bank of America, Morgan Stanley, Bank, New York Mellon, Cap Bank, Blackstone, Barclays, " Bank of America, PayPal, Capital, COF, of America, Newell Brands, Nokia, Telecom Locations: China, C.H, Real, robotaxi
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. 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, Jim, it's, Jeff Marks, Donald Trump, Biden, Jan, TikTok, Trump, Stocks, Morgan Stanley, Jim Cramer's Organizations: CNBC, China, Communist Party, Nvidia, U.S, Washington , D.C, TikTok, Bank of America, Jim Cramer's Charitable Locations: China, Washington ,, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market has gotten 'too frothy' in one group of stocks, says Morgan Stanley's Andrew SlimmonAndrew Slimmon, Morgan Stanley Investment Management senior portfolio manager, joins 'Squawk Box' to discuss the latest market trends ahead of the opening bell on Monday.
Persons: Morgan Stanley's Andrew Slimmon Andrew Slimmon, Morgan Organizations: Morgan Stanley Investment Management
Technology stocks stood tall in the first week of December trading, helping the S & P 500 and Nasdaq Composite finish Friday's session at record closing highs. The S & P 500 closed nearly 1% higher. .IXIC .SPX 1M mountain The Nasdaq Composite versus the S & P 500 over the past month. Salesforce and Broadcom contributed to the S & P 500's technology sector being one of three to finish the week in positive territory, adding 3.4%. The remaining eight sectors in the S & P 500 ended the week lower, led to the downside by energy, utilities, and materials.
Persons: Brian Thompson, Dow Jones, , Salesforce, Apple, we'll, they'll, Jerome Powell's, LSEG, we're, We're, Morgan Stanley, OLLI, Buster's, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Nasdaq, Dow Jones, UnitedHealth, Dow, Federal, Commerce, Broadcom, Bloomberg, Apple, Tech, Tesla, Amazon, Netflix, Club, PPI, Costco, VMWare, Toll, Casey's, Academy Sports, Brands, GameStop, CNBC, Getty Locations: New York City, U.S, Wells, New York
Or, maybe the whole market has a new expectation of stocks — and, stocks are delivering on those expectations and then some. Maybe that's why it is up more than 900% for the year. Maybe that's why it is now a roughly $140 billion company. With so many other opportunities to raise money — such as private equity and venture capital firms trying to get in — the stock market almost doesn't matter. But only new supply can bring this market down because valuation has ceased to mean much for most of the market.
Persons: Victoria Valenzuela, Valenzuela, Mary Georgiadis, Georgiadis, Dawson Alyssa Harvey, Andrew Karam, That's, Friday's, It's, it's, Gary Gensler's, Donald, Joe Biden's, toolmaker Stanley Black, Decker, Stanley Black, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: APP, Securities and Exchange Commission, SEC, Constellation Brands, Club, CNBC Locations: China, Mexico
My Gen Alpha sister sent me her Christmas list, and some of the items surprised me. Her wish list is a snapshot of what teens at her Texas high school are coveting this holiday season. Nike, Apple, and Lululemon remain popular among teens, according to her list and a recent survey. AdvertisementEvery holiday season, my family expects to receive an extensive Christmas list from my 14-year-old sister — in true youngest-sibling fashion. Here's what else my sister said she and her Gen Alpha friends are coveting this holiday season.
Persons: Alpha, Z, , Stanley, Lululemon —, Piper Sandler, Lululemon, It's, Stanley tumbler, That's, Siri, Max, she's, Nike Dunks, Jim Duffy, Dunks Organizations: Nike, Apple, Dior, Apple Intelligence, Nike Jordan, Stifel Locations: Texas
“The litany of things that will start to topple is profound,” said James Hodge, a public health law expert at Arizona State University’s Sandra Day O’Connor College of Law. “One in 3,000 kids who gets measles is going to die. The U.S. has seen 16 measles outbreaks this year — 89% of cases are in unvaccinated people — and a whooping cough epidemic is the worst since 2012. “If you overturn the administrative state, the impact on public health will be long-term and serious,” said Dorit Reiss, a professor at the University of California’s Hastings College of Law. It would take years before enough children died before people said, ‘I guess measles is a bad thing,’” she said.
Persons: Donald Trump’s, Robert F, Kennedy Jr, , James Hodge, Sandra, “ We’re, Lawrence Gostin, Northe Saunders, Kennedy, Dave Weldon, — Kennedy, Weldon, , Kennedy’s, Karoline Leavitt, Gregory Poland, Scott Gottlieb, Paul Offit, ” Offit, , Hodge, he’ll, Peter Hotez, virologist, Stanley Plotkin, hasn’t, Karen Ernst, ’ “, ” Ernst, who’ll, ” That’s, Ernst, I’m, Walter Orenstein, Orenstein, Saunders, can’t, Rekha Lakshmanan, “ It’s, Trump, Dorit Reiss, Billionaire Elon Musk, Dr, Sanjay Gupta, Jesse Goodman, Organizations: Health, Arizona State, O’Connor College of Law, Georgetown University, State, SAFE Communities Coalition, Republican, Department of Health, Human Services, Centers for Disease Control, Trump, NPR, Academy of Science & Medicine, FDA, CNBC, Vaccine Education, Children’s Hospital of Philadelphia, Justice, Children’s Health Defense, Vaccine, , Children, Health Defense, Baylor College of Medicine, HHS, Vaccines, ’ “ RFK, Texas, Research, University of California’s Hastings College of Law, Billionaire, CNN, CNN Health, Center, KFF Locations: U.S, Samoa, United States, , ” Poland, Georgia, Idaho, India, Texas, In Louisiana
AdvertisementI've stayed at all-inclusive resorts around the world and seen first-timers make the same mistakes. Related Video How America's largest buffet survived the death of all-you-can-eatsAs a travel writer, I've been to dozens of all-inclusive resorts in the Caribbean, Mexico, the Maldives, and more. Not researching before bookingSome all-inclusive resorts offer different amenities, so do your research. Not tippingSpeaking of tipping, I'm aware that some all-inclusive resorts invite guests to "leave their wallets at home." Ordering drinks wrongYou may have access to many drinks at all-inclusive resorts, but not all of them are good.
Persons: I've, Kelly Magyarics, you've, Stanley, you'll Organizations: tote Locations: Caribbean, Mexico, Maldives
AdvertisementExecs for Walmart, Target, and more retailers have used similar descriptions of US consumer health. BI combed through earnings call transcripts to round up the words they're using to talk about shoppers. If those words describe how you're feeling amid holiday spending, you're far from alone. AdvertisementLike McMillon, Target CEO Brian Cornell called out the toll high prices are taking on American households during his quarterly earnings call in November. Of course, retailers have been using words like pressured, stretched, and cautious to talk about their customers for several years now.
Persons: Doug McMillon, Morgan Stanley, Brian Cornell, They're, Cornell, Michael Creedon, Corie Barry Organizations: Walmart, Target, Morgan, Morgan Stanley Global Consumer & Retail Conference
AdvertisementA handful of macro traders have left Balyasny. Global macro strategies have struggled overall in 2024, but November was strong. A handful of macro traders have left the hedge-fund giant Balyasny Asset Management, according to four people familiar with the matter, who asked to remain anonymous because the information isn't public. Before November, however, global macro strategies had been among the worst performers in an otherwise strong year for hedge funds. Potts joined Balyasny in 2020 from BlackRock, where he was head of macro strategies, according to his LinkedIn bio.
Persons: Gugesh Guganeswaran, Kurt Lichtman, Matthew Potts, Balyasny, Donald Trump, Brevan Howard, PivotalPath, Potts, George Arzeno, Stanley Sheriff, Brian Sack, Shaw, George Tyrrell, Goldman Sachs Organizations: Discovery, Bloomberg, Citadel, Barclays, Lichtman, Moore Capital Locations: Balyasny, BlackRock, San Francisco, United Kingdom, Miami, Millennium, D.E
In the ever-volatile stock market, keeping things simple works surprisingly well, according to Bespoke Investment Group. The research firm sought to create a straightforward formula to create a portfolio that stands the test of time and yields outperformance. "Keep it simple, stupid" — sometimes abbreviated as KISS — is a design principle first noted by the U.S. Navy in 1960. "We wanted to come up with a very simple set of criteria," said Paul Hickey, Bespoke Investment Group co-founder. The firm selects stocks with upward price momentum over the prior six months, one year and three years.
Persons: Russell, Paul Hickey, Stanley Druckenmiller, Donald Trump Organizations: Investment, U.S . Navy, Investment Group, Nvidia, Meta, Visa, Altria
Hewlett Packard Enterprise poses an "attractive near-term value proposition" with its upcoming acquisition, according to Morgan Stanley. Ahead of HP's earnings report Thursday after the bell, analyst Meta Marshall upgraded shares to overweight from equal weight. Marshall also raised her price target to $28 from $23, indicating 28.6% upside potential from Wednesday's close. HPE YTD mountain HPE year to date Shares are up 28.2% in 2024. Eight of 18 analysts covering HPE rate it as a buy or strong buy, according to LSEG.
Persons: Morgan Stanley, Meta Marshall, Marshall Organizations: Hewlett, Enterprise, HP, Juniper Networks, Juniper
Jefferies upgrades Diageo to buy from hold Jefferies says it sees "renewed focus on growth" for the beverage company. Goldman Sachs initiates Cheesecake Factory and Brinker as buy Goldman said in its initiation of Cheesecake that it has "unit growth potential." Morgan Stanley upgrades Hewlett Packard Enterprise to overweight from equal weight Morgan Stanley says it's bullish on the company's acquistion of Juniper. Morgan Stanley downgrades Applied Materials to underweight from equal weight Morgan Stanley says it sees a "weaker operating environment" for the semis company. Morgan Stanley initiates Brown & Brown as overweight Morgan Stanley says the insurance risk management company has a competitive advantage.
Persons: Piper Sandler, Piper, Jefferies, Goldman Sachs, Brinker, Goldman, it's bullish, Bernstein, Oppenheimer, it's, Wolfe downgrades Ford, Wolfe, Morgan Stanley, Brown, Tesla, gigafactory, Robin Hood, Vlad Tenev, Eli Lilly, Orforglipron Organizations: Nvidia, AMD, Intel, Jefferies, Diageo, Disney, Broadcom, Detroit, Ford, Citi, Netflix, Hewlett Packard Enterprise, JPMorgan, ConocoPhillips, Barclays, Gates, Bank of America, Walmart, Costco, Optimus, Deutsche Bank, Deutsche Locations: F4Q, Juniper, OW, Austin , TX
Constellation Brands buy levels: $230, $210 The Mexican beer powerhouse on Nov. 26 successfully tested $230 per share, a key technical support level for the past two years. Home Depot buy levels: $418, $406, $375, $370 We see several interesting technical levels, including $418 per share, which until a recent breakout, was the all-time high in the stock. From there, we get to $406, which is where we find the 50-day moving average. Remember, when a stock is trading above a moving average, it's viewed as support and when a stock is trading below a moving average, it's viewed as resistance. Since the stock is trading above the 200-day moving average, that level is viewed as technical support.
Persons: Jim Cramer, Myers Squibb, Donald Trump, that's, Trump, Jim, Morgan, Garth Hankinson, it's, Jim Cramer's, Stephanie Keith Organizations: Microsoft, Myers, Constellation Brands, Morning, Club, Constellation, Home Depot, CNBC, New York Stock Exchange, Getty Locations: Bristol, U.S, New York City
Hewlett Packard Enterprise poses an "attractive near-term value proposition" with its upcoming acquisition, according to Morgan Stanley. Ahead of HP's earnings report Thursday after the bell, analyst Meta Marshall upgraded shares to overweight from equal weight. Marshall also raised her price target to $28 from $23, indicating 28.6% upside potential from Wednesday's close. HPE YTD mountain HPE year to date Shares are up 28.2% in 2024. Eight of 18 analysts covering HPE rate it as a buy or strong buy, according to LSEG.
Persons: Morgan Stanley, Meta Marshall, Marshall Organizations: Hewlett, Enterprise, HP, Juniper Networks, Juniper
American Eagle Outfitters — Shares of the apparel retailer sank nearly 14% on disappointing holiday guidance . For the period, American Eagle Outfitters expects comparable sales to rise 1% and total sales to decline 4%. Analysts polled by LSEG had expected earnings of 17 cents on revenues of $799 million. To be sure, the company also cut its full-year earnings guidance. Sprinklr posted adjusted earnings of 10 cents per share, more than the 8 cents per share expected by analysts, according to FactSet.
Persons: LSEG, Stocks, cryptocurrencies, MicroStrategy, Morgan Stanley, SentinelOne, Kroger, Sprinklr, Chargepoint, Synopsys, , Sarah Min, Michelle Fox, Jesse Pound, Pia Singh, Sean Conlon Organizations: Eagle Outfitters, American Eagle Outfitters, StreetAccount, Robinhood, Holdings, Hewlett Packard Enterprise, LSEG, Signet Locations: FactSet
Robinhood stock could have a bright future thanks to bitcoin's meteoric rise and the success of the company's inaugural investor day, according to analysts. Morgan Stanley, overweight rating with a $55 per share price target Cyprus' price target implies nearly 38% upside from Wednesday's $40 per share close. Mizuho Securities, outperform rating, $60 per share price target Mizuho managing director managing director Dan Dolev said that Robinhood has successfully "captured the zeitgeist of a generation." KeyBanc Capital Markets raises price target, maintains overweight rating The firm raised its price target to $47 per share from $30 on Wednesday, implying about 18% upside ahead. His $54 per share price target calls for 35% upside from current levels.
Persons: Morgan Stanley, Michael Cyprys, HOOD, Bitcoin, Donald Trump, Cyprys, Dan Dolev, Robinhood, Dolev, Alex Markgraff, Piper Sandler, Patrick Moley, Moley Organizations: Mizuho Securities, Mizuho, Management, HOOD Locations: Robinhood, Cyprus
Bitcoin does the thing, gets to $100,000
  + stars: | 2024-12-05 | by ( Fred Imbert | ) www.cnbc.com   time to read: +2 min
Bitcoin , the flagship digital currency, crossed above $100,000 for the first time late Wednesday. The move brought its year-to-date gains to more than 140% — wildly outperforming the S & P 500's 27.6% gain. Standard Chartered analyst Geoff Kendrick said in a Thursday note he sees bitcoin surging to $200,000 by the end of 2025. MicroStrategy is running ahead of its USD 42bn three-year plan, so its purchases in 2025 should match or exceed its 2024 purchases." Several stocks tied to bitcoin rose alongside it, with proxy name MicroStrategy and Robinhood Markets gaining 9.1% and 7.2%, respectively.
Persons: Donald Trump, Biden, Geoff Kendrick, Kendrick, Bernstein, bitcoin, Scott Bessent, Pat Tschosik, Ned Davis, Morgan Stanley Organizations: BTC, Robinhood, Treasury, Ned Davis Research, Hewlett Packard Enterprises, Juniper Networks, Juniper
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. 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. 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.
Persons: Jim Cramer, Stanley Black, Decker, Patrick Hallinan, Donald Trump, Hallinan, Trump's, Goldman Sachs, Peter Navarro —, we'll, Synopsys, Calvin Klein, PVH, Zales, Jim Cramer's, Jim Organizations: CNBC, ., Semiconductor, Marvell Technology, Broadcom, Nvidia, Devices, Micron, Materials Conference, Trump, here's, Eagle Outfitters, AeroVironment, Signet Jewelers, Kroger, Jim Cramer's Charitable Locations: Salesforce, China
A visitor looks at screens at the Korea Exchange (KRX) headquarters in Seoul, South Korea, on Wednesday, Dec. 4, 2024. The political whiplash thrust South Korea, a key U.S. ally and critical link in international supply chains, into the global spotlight and rattled financial markets. U.S.-listed Korean equities fell sharply on Yoon's initial martial law order, while South Korea's won notched a fresh two-year low against the U.S. dollar on the news. "Martial law hasn't been introduced since 1979 and is seen as deeply negative. Investor sentiment could turn for the betterNot everyone was as downbeat on the market implications of South Korea's unfolding political drama.
Persons: Yoon Suk Yeol, Kim Byung, Yoon, Jonathan Garner, Morgan Stanley, CNBC's, Garner, Rory Green, South Korea's, Trinh Nguyen, hasn't, Nguyen, Thomas Mathews, Yoon Suk, Anthony Wallace Organizations: Korea Exchange, Bloomberg, Getty, South, National Assembly, South Korea's, U.S, Yonhap News Agency, Deutsche Bank, Tech, Samsung, Korea's, LG Energy, Hyundai Motor, TS Lombard, greenback, Bank of, Asia Pacific, Capital Economics, Afp Locations: Seoul, South Korea, North, Korea, U.S, Asia, China, Bank of Korea
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