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Finding the right names takes some additional legwork, and investors will want to consider the names highlighted by Wall Street analysts. Energy TransferThe first dividend stock pick this week is Energy Transfer (ET), a midstream energy company with over 130,000 miles of pipeline and related infrastructure across 44 states. The revised estimates also reflect the favorable impact of Sunoco's acquisition of NuStar Energy, as Energy Transfer owns about 21% of the outstanding common units of Sunoco. Diamondback EnergyWe move to independent oil and natural gas company Diamondback Energy (FANG). See Diamondback Energy Stock Charts on TipRanks.
Persons: Charlie Perez, Wall, Elvira Scotto, Scotto, TipRanks, FANG, Arun Jayaram, Jayaram, Diamondback Organizations: Cisco, Mobile, Nurphoto, Getty, Wall Street, Energy, RBC Capital, U.S, WTG, Holdings, NuStar Energy, Diamondback, Diamondback Energy, Endeavor Energy, JPMorgan, Endeavor Locations: Barcelona, Spain, Midland
Monday Ford Motor is set to report earnings after the bell, followed by a conference call at 5 p.m. What history shows: Bespoke Investment Group data shows Ford beats earnings expectations 68% of the time. What to watch: Meta is in a good spot heading into this week's report, according to Bernstein's Mark Shmulik. Microsoft is set to report earnings after the close, with a conference call on deck for 5:30 p.m. Amazon is set to report earnings after the market close, with a conference call at 5 p.m.
Persons: Edison Yu, Yu, BioNTech, Goldman Sachs, Toshiya Hari, Hari, LSEG, Bernstein's Mark Shmulik, Morgan Stanley's Keith Weiss, AAPL, KeyBanc, Justin Post Organizations: Apple, Ford Motor . Pharmaceutical, Pfizer, Corporate America, Monday Ford, LSEG, Ford, AMD, Cloud Service, Google, Microsoft, Windows, CNBC, Management, Amazon Web Services, Bank of America, Amazon Locations: Temu, .
U.S. equity futures jumped as investors looked for a batch of megacap technology earnings to keep driving the Nasdaq Composite to new heights this week. Weekend airstrikes by Israel against Iran did not target oil or nuclear facilities as was feared and oil futures were lower in early trading. S&P 500 futures gained 0.4% and Nasdaq 100 futures increased by 0.5%. Both the Dow and S&P snapped a six-week winning streak, but the Nasdaq eked out its seventh positive week in a row. "One thing we expect to see play out is these megacap tech names continuing to reinforce commitment to AI in tech spending broadly," Yung-Yu Ma chief investment officer at BMO Wealth Management, told CNBC.
Persons: Yung, Yu Ma Organizations: Nasdaq, Dow Jones, Dow, Presidential, Microsoft, Meta, Apple, BMO Wealth Management, CNBC Locations: Israel, Iran
For all we know, the yield curve may simply be going through the birthing of an un-inverted yield curve. GOOGL YTD mountain Alphabet YTD Search used to be so simple. META YTD mountain Meta Platforms YTD Meta Platforms has run big ahead of the quarter. AMZN YTD mountain Amazon YTD Let's get to the two toughest of the week, Amazon and Apple. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: let's, Eli Lilly, nonfarm payrolls, Carl Quintanilla, batty, Jeff Marks, Waymo, Elon Musk, Donald Trump, Kamala Harris, Department's, Mark Zuckerberg, Jensen Huang, Marc Benioff, Trump, Warren Buffett, Jim Cramer's, Jim Cramer, Jim Organizations: CNBC, Microsoft, Apple, Treasury, Federal Reserve, charlatans, Honeywell, Twitter, Club, Gemini, YouTube, Google, Donner Party of cannibalization, AMD, Nvidia, Intel, Merck, Pfizer, Tech Titans, Meta, Amazon Web Services Locations: Wall, cyclicals, California, Philly
BI fitness reporter Rachel Hosie uses her "4/5" rule to eat enough protein without tracking food. Some days my protein intake will be higher, some days lower, but it evens out. Related storiesAs someone who's always been interested in nutrition and has tracked my protein intake in the past, I know what foods are a good source of protein. AdvertisementFlexibility means sustainabilityLudlam-Raine said that eating protein throughout the day helps with satiety, muscle maintenance, and overall health. It's important to be adaptable and not to stress about protein intake fluctuating, Ludlam-Raine said.
Persons: Rachel Hosie, , Ludlam, Raine, I've, It's, who's, Mike Molloy Organizations: Service, Research, Elite
CNN —Former President Donald Trump and Vice President Kamala Harris have laid out a broad array of ideas aimed at making life more affordable and strengthening the economy, which rank at the top of voters’ concerns. Both Trump and Harris have rolled out pricey provisions without specifying how they would cover the cost. Though his campaign hasn’t released details on the proposal, Trump has indicated that he would eliminate both federal income taxes and payroll taxes, which fund Social Security and Medicare. Around half of beneficiaries – mainly those with higher incomes – pay federal income tax on their Social Security payments. Harris’ plan would also accelerate the speed of Medicare’s drug price negotiations so that the costs of more medications come down faster.
Persons: Donald Trump, Kamala Harris, hasn’t, Harris, Harris ’, Trump, Joe Biden’s, Biden, Sen, JD Vance, Trump’s, ” Harris, USMCA, ” Trump, He’s, Elon Musk, John Deere, ” Vance Organizations: CNN, Trump, Yale University, Security, Social Security, Center, Social, Rescue, Medicare, GOP, Biden, Republican Party, ” Invest, America, Federal Reserve, American Locations: Nevada, Las Vegas, Mexico, Canada, Texas, Florida, Harris, Midwest
The Israeli government has claimed that some of the UN Relief and Works Agency’s (UNRWA) staff are affiliated with Hamas. UNRWA has strongly denied the allegations, but several governments suspended funding for the agency earlier this year while the allegations were investigated. The MP, Yulia Malinovsky, told CNN that US Ambassador Jacob Lew has contacted several opposition leaders, including Avigdor Lieberman, Yair Lapid and Benny Gantz, in an effort to get the legislation stopped. The US State Department told CNN that as a matter of policy, it would not comment on private diplomatic conversations. Malinovsky told CNN that she is determined UNRWA should no longer receive “five-star treatment” in Israel.
Persons: Yulia Malinovsky, Jacob Lew, Avigdor Lieberman, Yair Lapid, Benny Gantz, Daniel Hagari, Nukhba, Israel Katz, Antonio Guterres, , , Antony Blinken, Lloyd Austin, Biden, Malinovsky, ” Malinovsky, UNRWA “, Organizations: CNN, UN, West Bank, UN Relief and Works Agency, UN Relief, Hamas, UNRWA, US State Department, West, Israel Defense Forces, US, Canada Locations: Gaza, Israel, West Bank, Lebanon, Jordan, , Australia, France, Germany, Japan, South Korea
A millennial couple moved from Hawaii to Colorado in 2017 in search of a lower cost of living. AdvertisementEntrepreneurship could help them afford a homeSibok and his girlfriend moved to Colorado in 2017. Related storiesOne of the biggest reasons they left Hawaii was the state's high cost of living. Jon Sibok and his girlfriend are struggling to find a home in their budget in Colorado. AdvertisementWhen the couple first moved to Colorado, home prices and mortgage rates were significantly lower than they are today.
Persons: they've, , Jon Sibok, Sibok, Redfin, he'd, it's, Doxo, Sibok hadn't, homeownership, he's Organizations: Service, Commerce City , Colorado —, Business, Commerce, Colorado Locations: Hawaii, Colorado, Commerce City , Colorado, Denver, Commerce City
Mortgage rates for October 26, 2024, are hovering in the mid-6% range, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. High mortgage rates pushed many hopeful buyers out of the market, slowing homebuying demand and putting downward pressure on home prices. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.
Persons: they'll, you'll, they've, Freddie Mac, it's, Fannie Mae Organizations: Federal, Fed, Traders, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Mortgage, Association Locations: Chevron
For Gen Z, retirement is 40 or 50 years away, but now is the perfect time to start saving. Four financial experts shared their top strategies to kick-start retirement savings. Or, it may seem difficult and anxiety-inducing, especially as Gen Z juggles student loan debt, high costs of living, and a tough job market. AdvertisementBusiness Insider asked four wealth advisors for their best tips and tricks on how Gen Z can maximize their retirement savings, starting now. Basic budgeting strategies, such as keeping housing costs at 30% or lower of your total paycheck, can also create a strong foundation for retirement savings, Crowell said.
Persons: , Zers, Z, Gen Z, there's, Andrew Crowell, Davidson, Crowell, Zer, Gen Zers, Ayako Yoshioka, Yoshioka, Roth, haven't, Ashley Weeks, Weeks, Alanna Morey, Morey Organizations: Service, Social Security, Bank of America, D.A, Roth IRA, Equity, Bank
Analyst Ike Boruchow and the bank's consumer team found the tariffs proposed by the Republican nominee are likely a significant challenge for retailers. High tariffs would be the latest hit after what has already been a tough year, with shares of the value-focused retailer diving 59% in 2024. Target is an even larger retailer that Wells Fargo is concerned will suffer from high tariffs enacted in a second Trump term. After this monster run, the average analyst only foresees further upside of about 2.5% for Walmart over the next year, the LSEG survey says. Still, the majority of analysts are unwilling to abandon the nation's largest retailer and hold buy ratings on Arkansas-based Walmart.
Persons: Donald Trump, Ike Boruchow, Trump, Boruchow, Wells, SPX Organizations: White, Republican, Wall, Trump, Walmart Locations: Wells, China, Minneapolis, Arkansas
A Nikki Haley voter in the April GOP primary who will be a Kamala Harris voter a week from Tuesday. “If Trump loses, then I think Republicans will start coming back to what they were,” Pesce said. But London is voting for Harris – the first time she will vote Democrat for president. As she ponders hers, she shares this: “I think Trump is going to win.” That, she said, is based on betting lines, not the polls. “They think at the 11th hour people will have such reservations about Trump that it will cause them to vote for Harris.
Persons: Pennsylvania CNN — Michael Pesce, Pesce, ” Pesce, , Nikki Haley, Kamala Harris, Donald Trump, Harris, Trump, I’m, Michael Pesce, Haley, Joe Biden, , Joan London, Harris –, John King, Biden, Pat Toomey, , Hillary Clinton, Harris Cynthia Sabatini, Sabatini, “ Trump, ” Sabatini, ” Cynthia Sabatini meditates, CNN Sabatini, Harris aren’t, meditates Organizations: Pennsylvania CNN, Coast Guard, Reagan Republican, White, CNN, Republicans, South, Democratic, Trump, Republican, GOP, Biden, Media, Pennsylvania Locations: Tripoli, Pennsylvania, New Tripoli , Pennsylvania, Philadelphia, South Carolina, New Tripoli, Lehigh County, Bucks County, Berks, battlegrounds . Berks, London, Philly, Montgomery County, Wyomissing, Wyomissing , Pennsylvania, Ukraine, , , Berks County, Delaware County, Media , Pennsylvania, , Trump
And how should investors be thinking about future equity returns as the bull market enters its third year riding stellar multi-year performance and facing demanding valuations? So, expansionary policies that would quicken the economy's metabolism and produce more inflation was exactly what the market craved then – but now? Right now, the S & P 500 is up 42% from 18 months ago and fetches 22-times expected earnings. No reliable augurs of a coming bear market are in evidence: S & P up 10 of 11 months, making a new high in September, credit spreads resolutely narrow, all point to an upside bias over a span of months, at least. .SPX YTD mountain S & P 500, YTD Which leaves the question of just how much upside, if any, a bull should reasonably expect from here.
Persons: Warren Pies, Pat Tschosik, Ned Davis, Donald Trump, payrolls, Harris, Goldman Sachs, Goldman Organizations: Federal Reserve, Treasury, Fed, 3Fourteen Research, Trump, Ned, Ned Davis Research, Dow, Leuthold, quicken, Wall Locations: U.S, China, Wells
CNN —A man in Northern Ireland has been sentenced to life for several crimes, including manslaughter, after using social media sites to blackmail and sexually abuse at least 70 minors in several countries. Catfishing – often used on social media - is when a person uses false information and images to create a fake identity online with the intention of tricking, harassing, or scamming another person. According to authorities, McCartney pretended to be a young girl, befriended victims on social media and manipulated them into sending him nude images of themselves. “All McCartney’s victims were young, innocent children” as young as 10 years old and “struggling with identity and body image issues and had reached out for help on social media,” Kierans said. CNN affiliate Virgin Media News reported that McCartney mainly used the popular social media app Snapchat to target his victims.
Persons: Alexander McCartney, , Catfishing, McCartney, McCartney –, New Zealand –, Catherine Kierans, , ” Kierans, Snapchat Organizations: CNN, Belfast Crown, Northern Ireland’s Public Prosecution Service, New Zealand, Virgin Media News Locations: Northern Ireland, United States, Northern, Ireland, Great Britain, New
Royal Caribbean is set to release its quarterly results on Tuesday, followed by Norwegian Cruise Line Holdings ' report on Wednesday. That means the cruise lines may have more room to grow, she said. "The wider that gap, the better the opportunity for the cruise lines to have upside," Farley said in an interview with CNBC. However, Scholes said his research shows that out of the three major cruise lines, the Carnival brand is facing the most pricing competition from private cruise operator, MSC. Stock Chart Icon Stock chart icon Norwegian Cruise Lines stock year to date
Persons: Marco Bello, Patrick Scholes, Hilton, Christopher Nassetta, industry's, Brandt Montour, Montour, Josh Weinstein, CNBC's, Robin Farley, Farley, Truist's Scholes, Scholes, It's, Caribbean's Organizations: Port, Afp, Getty, CNBC, Wednesday, Barclays, Royal, Cruise Line Holdings, UBS, Orlando, Vegas, Royal Caribbean, Bloomberg, Royal Caribbean's, Citi, Cruise Lines Locations: Port of Miami, Miami , Florida, Caribbean, Royal Caribbean, 200bps, PortMiami, Norwegian
In North Carolina, the signs read in Spanish, “WARNING: if you are not a citizen of the United States of America, you cannot vote in elections. Earlier this week, Forward Justice addressed a letter to the North Carolina State Board of Elections, calling for the signs to be removed because they constitute "unlawful voter intimidation." The letter was co-signed by nearly two dozen organizations, including the North Carolina chapter of the American Civil Liberties Union. It’s already illegal for noncitizens to vote in elections in North Carolina and at the federal level — and illegal voting rarely happens. Early voting in North Carolina ends on Nov. 2.
Persons: it's, , , Cleta Mitchell, Mitchell, Donald Trump’s, Kathleen Roblez, hotlines, Jaclyn Maffetore, Maffetore, Spanish Jim Womack, Womack Organizations: North, Democratic Oklahoma, Forward Justice, North Carolina State Board, American Civil Liberties Union, ACLU, noncitizens, Brennan, Cato Institute, Heritage Foundation, GOP, Homeland Locations: North Carolina, United States of America, Durham County, U.S, Spanish, Lee County
A banned Kurdish militant group on Friday claimed responsibility for an attack on the headquarters of a key defense company in Ankara that killed at least five people. A man and a woman stormed TUSAS’ premises on the outskirts of Ankara, setting off explosives and opening fire. The assailants were also killed in a subsequent battle with security teams and more than 20 people were injured in the attack. Its defense systems have been credited as key to Turkey gaining an upper hand in its fight against Kurdish militants. Meanwhile, police in Istanbul detained at least 35 people suspected of links to the PKK, the state-run Anadolu Agency reported.
Persons: TUSAS, Turkey’s, Recep Tayyip Erdogan, Abdullah Ocalan Organizations: Kurdistan Workers ’ Party, People’s Defense, Kurdish, Workers ’ Party, Syrian Democratic Forces, Turkish, Anadolu Agency Locations: Ankara, Turkish, Turkey, Iraq, Syria, Istanbul, Kurdistan, Iraq’s Sinjar, Kurdish
WASHINGTON — As Speaker Mike Johnson marks one year on the job Friday, he’s fighting hard to preserve House Republicans’ razor-thin majority — and his speakership. I’m going to be the speaker of the House,” Johnson said in a recent sit-down interview with NBC News at a campaign stop in Hellertown, Pennsylvania. "It's going to be a free-for-all" if Republicans lose the House and Trump loses the White House, a third House GOP lawmaker added. 2 GOP leader, Scalise also has not spoken publicly about what he’d run for in the minority. House Majority Leader Steve Scalise, R-La., is expected to run for minority leader if Republicans lose the House.
Persons: Mike Johnson, Republicans ’, Johnson, Johnson —, , Nancy Pelosi, Johnson’s, Steve Scalise, Jim Jordan, hasn’t, , I’m, ” Johnson, Al Drago, Tom Emmer, Elise Stefanik, eyeing, Donald Trump, Jordan, They’ve, Scalise, John James, Tom Barrett, Joe McGraw of, “ Jordan, Kevin McCarthy’s, Emmer, , Republicans —, Tom Williams, Trump, Republicans eke, “ He’s, Thomas Massie, Paul Gosar, Marjorie Taylor Greene, Scott Perry, Perry wouldn’t, ” Perry, Mike, he’s, David Valadao, ” Valadao, Patrick McHenry, McCarthy, Derrick Van Orden, ” Van Orden Organizations: WASHINGTON, Republicans, Louisiana Republican, GOP, Republican, NBC News, Trump, Bloomberg, Getty, National Republican Congressional, Joe McGraw of Illinois, Inc, Capitol Hill, FISA, Freedom Caucus, Intelligence, Democratic, Washington , D.C, Wisconsin GOP Locations: Louisiana, Ohio, Hellertown , Pennsylvania, Pacific Northwest, Washington, Michigan , Illinois, Minnesota, Michigan, Jordan, Israel, Ukraine, Ky, Trump, Perry’s, Washington ,, R, Wisconsin
The Russian central bank raised its key interest rate to 21% on Friday. Inflation in Russia hit 8.6% year-on-year in September, well above the central bank's 4% target. It has largely been driven by heavy defense spending amid the ongoing war in Ukraine. AdvertisementRussia's central bank raised its key interest rate to a record high on Friday as inflationary pressure continues in the country. The Bank of Russia raised the benchmark rate by 200 basis points to 21%, saying inflation was "running considerably above" its July forecast.
Persons: , Alexandra Prokopenko, Prokopenko Organizations: Service, Bank of Russia, Carnegie Russia Eurasia Center, Financial Times Locations: Russian, Russia, Ukraine, Moscow, Europe
Recent consumer survey data on iPhone sales points to a lack of growth for Apple , according to KeyBanc Capital Markets. AAPL YTD mountain AAPL, year-to-date Nispel thinks the iPhone SE is "not purely additive" to overall iPhone sales, citing data from the firm's consumer iPhone survey for September. Additionally, among those who are likely or extremely likely to upgrade to the iPhone 16, 61% are interested in the iPhone SE. "We think this shows the iPhone SE is not incremental, and could possibly be cannibalistic to iPhone 16 sales," the analyst wrote in a Thursday note. "From our view, if iPhone SE is successful, iPhone Units could rise but [average sales prices] could fall, contrary to consensus."
Persons: Brandon Nispel, Nispel Organizations: Apple, KeyBanc, Markets Locations: U.S
Canada will reduce its target number of new permanent residents in 2025 from 500,000 to 395,000. Justin Trudeau said the new target will pause population growth in Canada over the next few years. He said Canada needed to "pause population growth and let our economy catch up," adding that while immigration was "essential" for Canada's future, it must be controlled and sustainable. Canada's population hit 41 million in April, with immigration accounting for almost 98% of population growth last year. In an interview with Bloomberg, Miller said he was not worried about the slowing population growth from immigration cuts having a negative impact on the economy.
Persons: Justin Trudeau, , didn't, Trudeau, Marc Miller, Miller, we're Organizations: Service, Canada, Foreign Relations, CFR, Canada Mortgage, Housing Corporation, Bloomberg Locations: Canada, Ottawa
UBS says buy this homebuilder with more than 25% upside
  + stars: | 2024-10-25 | by ( Sean Conlon | ) www.cnbc.com   time to read: +1 min
Analyst John Lovallo initiated coverage on the stock with a buy rating, with his price target of $232 implying more than 27% upside from Thursday's close. Lovallo joins 11 other analysts covering the stock on Wall Street who have a strong buy or buy rating, per LSEG. Within that same time, he also sees adjusted earnings growing roughly 16% annually and mid-to-high single-digit organic revenue growth. "We believe BLDR is uniquely positioned to grow with its homebuilder customers and drive above market organic growth through its size/scale advantage and idiosyncratic growth initiatives, including the digital platform rollout," Lovallo also said. BLDR YTD mountain BLDR, year-to-date The stock rose around 1% in premarket trading Friday after his move.
Persons: John Lovallo, Lovallo Organizations: UBS, Wall Locations: FirstSource, U.S
China's Xi Jinping negotiated a truce with India's leader, Narendra Modi. AdvertisementAt the BRICS summit in Russia this week, China's leader Xi Jinping and India's Prime Minister Narendra Modi shook hands for the first time in five years. AdvertisementAfter their meeting at the summit hosted by Russia's President Vladimir Putin, Xi and Modi said they would continue discussions on resolving the issue. AdvertisementIn any case, its a setback in US attempts to include India in a deeper security alliance, he said. "For a long time, the US has tried to develop security and defense ties with India," said Panda.
Persons: China's Xi Jinping, Narendra Modi, that's, , Xi Jinping, Vladimir Putin, Xi, Modi, Jagannath Panda, Putin, Zhiqun Zhu, Zhu, Yawar Nazir, Praveen Donthi, there's, Rahul Bhatia, Donthi, it's Organizations: Service, India's, Russia's, US, Stockholm Center, South, Pacific Affairs, Bucknell University, America, Reuters, Quad Alliance, Getty, Eurasia Group Locations: China, Russia, Washington ,, India, Japan, Australia, United States, Beijing, Asia, Pacific, Indian, Leh, South Asia, Europe, Ukraine, Taiwan
Jim Cramer scoffed at the call — warning Friday that investors who follow these sell recommendations will likely "miss the next giant move" in Apple stock. That's why Jim has found success sticking to his "own it, don't trade it" Apple mantra. Starting with Atlantic Equities in January 2020 through KeyBanc's downgrade late Thursday, the long-term trajectory of Apple shares has been higher. Apple shares eventually hit a 52-week low of $164 in mid-April. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer scoffed, Jim, Jim doesn't, It's, Jim Cramer's, Jim Cramer, Steve Jobs, Manuel Orbegozo Organizations: Apple, Barclays, Trust, CNBC, Steve Locations: Cupertino , California
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
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