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☆ Stocks making the biggest moves midday: Nvidia, Peloton, Foot Locker, Dick's Sporting Goods and more
▼ + stars: | 2023-08-23 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Nvidia has been one of the biggest winners on the back of the AI boom with shares rising nearly 220% this year. Peloton reported a loss of 68 cents per share, versus the 38-cent loss per share expected by analysts polled by Refinitiv. Foot Locker — The athletic retailer plunged 33% after cutting its outlook again for the year and suspending its quarterly dividend. Advanced Auto Parts — Advance Auto Parts rose 1% after beating analysts' revenue expectations for its second quarter. The auto retail company reported revenue of $2.69 billion, greater than the consensus estimate of $2.66 billion, according to Refinitiv.

Persons: Locker, Fitch, Abercrombie, Charles Schwab —, Schwab, Oppenheimer, Brown, Forman —, Morgan Stanley, Avery Dennison, Davidson, Safehold, Goldman Sachs, Goldman, it's, Shane O'Kelly, — CNBC's Hakyung Kim, Samantha Subin, Yun Li, Sarah Min, Jesse Pound Organizations: Nvidia, Refinitiv . Revenue, Dick's, Goods, Abercrombie, Pharmaceuticals, Nike —, Urban Outfitters, Refinitiv, Revenue, Netflix, Bank of America, UBS, DA, Marvell Technology, Susquehanna Locations: Louisiana, Pacific

☆ South Korea to hold first nationwide defence drills in 6 years amid North threats
▼ + stars: | 2023-08-23 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

South Korean soldiers with 20mm vulcan cannon take part in an anti-drone drill in Yangju, South Korea, in this handout picture provided by the South Korean Defence Ministry on December 29, 2022. The South Korean Defence Ministry/Handout via REUTERS/File Photo Acquire Licensing RightsSEOUL, Aug 23 (Reuters) - South Korea is set to hold its first nationwide air defence drills in six years on Wednesday amid North Korea's growing nuclear and missile threats, with pedestrians required to take shelter and drivers asked to pull over in some areas. The drills are a key element of the annual Ulchi civil defence exercises, held alongside the Ulchi Freedom Shield drills, which South Korean and U.S. troops began on Monday, to improve responses to a North Korean attack or other contingencies. The Ulchi civil defence exercises were launched in 1969 in the wake of a raid by North Korean commandos into the presidential compound in Seoul. But the air defence training has not taken place since 2017.

Persons: Hyonhee Shin, Gerry Doyle Organizations: South Korean Defence Ministry, REUTERS, Rights, South Korean, North Korean, Thomson Locations: Yangju, South Korea, Rights SEOUL, U.S, Korean, Seoul, North Korea

☆ Stocks making the biggest moves premarket: Nvidia, Foot Locker, Safehold, Kohl's and more
▼ + stars: | 2023-08-23 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in premarket trading. Nvidia -- Shares of the chipmaker ticked up 0.7% in heavy premarket trading. The company reported adjusted earnings of 52 cents per share, while analysts polled by Refinitiv expected 22 cents. Foot Locker -- The stock plunged more than 32% before the bell after the sneaker retailer slashed its outlook for the second time this year. Dicks Sporting Goods -- Shares were trading 2% lower a day after the company reported lower-than-expected earnings and cut its forward guidance.

Persons: Refinitiv, Apellis, Locker, Goldman Sachs, —, Samantha Subin, Jesse Pound, Sarah Min Organizations: Nvidia, Revenue, Apellis Pharmaceuticals, Dicks Sporting Goods Locations: Santa Clara , California

☆ Stocks making the biggest moves midday: Dick's Sporting Goods, Macy's, Charles Schwab and more
▼ + stars: | 2023-08-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Macy's said it expects adjusted earnings per share between $2.70 and $3.20, adding it sees comparable store sales falling between 6% and 7.5%. The company reported earnings of $4.56 per share, versus the $4.49 expected by analysts surveyed by Refinitiv. AppLovin – The marketing stock rose 1.5% to a 52-week high following a Jefferies upgrade to buy from hold. Zoom Video – Shares of the video communications platform lost about 2% even after the company posted better-than-expected second-quarter results. Aramark — The food service stock rose about 2%.

Persons: Dick's, Macy's, Lowe's, Charles Schwab —, Charles Schwab, AppLovin, Jefferies, Stephen Tusa, Emerson, AspenTech, Fabrinet, Seamus Grady, Aramark, —, Alex Harring, Yun Li, Hakyung Kim, Brian Evans, Michelle Fox, Sarah Min Organizations: Dick's, Goods, Revenue, Refinitiv . Revenue, Bloomberg, American Airlines –, American Airlines, Baidu, Microsoft, Activision, Activision PC, Jefferies, Emerson, JPMorgan, Garden, Bank of America, UBS Locations: Madison

☆ The 10-year Treasury yield hit its highest level since 2007. What it means for stocks
▼ + stars: | 2023-08-22 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The U.S. 10-year Treasury yield climbed to its highest level since 2007 this week. Meanwhile, the 30-year Treasury yield reached its highest point since 2011. What's more, higher yields are typically a negative for tech and growth stocks — this year's best-performing group — as they lessen the value of their promised future earnings. Ned Davis Research's Joseph Kalish said Monday he expects the 10-year Treasury yield could rise to 5.25%, citing risks to the bond market on inflation expectations. US10Y YTD mountain U.S. 10-year Treasury yield YTD "The market has been consistently underpricing the risk of additional rate hikes and overpricing the speed of rate cuts," Kalish wrote.

Persons: Ned Davis Research's Joseph Kalish, Kalish, Strategas, Chris Verrone, 133bps, Verrone, Wolfe, Chris Senyek, Morgan Stanley's Matthew Hornbach, it's, Tom Essaye, — CNBC's Michael Bloom, Chris Hayes Organizations: Treasury, Federal Locations: U.S

☆ Stocks making the biggest moves premarket: Dick's Sporting Goods, Fabrinet, Macy's, AppLovin and more
▼ + stars: | 2023-08-22 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The advanced manufacturing services company posted non-GAAP earnings of $1.86 per share, greater than the $1.80 earnings per share expected by analysts polled by FactSet. The company reported per-share earnings of 26 cents, greater than the 14 cents earnings per share consensus estimate from FactSet. It guided for revenue from $4.75 billion to 4.85 billion, lower than the $4.86 billion expected by analysts. The home improvement company reported $4.56 earnings per share, greater than the $4.47 expected by analysts polled by FactSet. Zoom's earnings guidance for the third quarter and the full year also topped expectations.

Persons: Fabrinet, Jefferies, Nordson, Macy's, Lowe's, Marvin Ellison, — CNBC's Michelle Fox, Alex Harring, Jesse Pound Organizations: FactSet . Revenue, Dick's, Refinitiv, FactSet, Revenue, Emerson, JPMorgan Locations: Revenue, FactSet

[1/2] A general view shows the brine pools of Albemarle Chile lithium plant placed on the Atacama salt flat, Chile, May 4, 2023. "It seems like the cheapest way to get lithium units is via the drill bit," said analyst Kaan Peker of RBC in Sydney. "Even though battery chemistry is evolving and impacting certain metals, lithium is a mainstay and the demand story remains robust. The battery metals landscape, and lithium in particular, looks poised for further M&A activity,” said Gavi Friedland, head of metals and mining at Goldman Sachs in Australia & New Zealand. Mineral Resources is deciding whether to build an Australian lithium battery chemical plant, while Albemarle is expanding production at its Kemerton hydroxide plant and SQM is also building a lithium hydroxide plant.

Persons: Ivan Alvarado, acquirers, Kaan, ”, Gavi Friedland, Goldman Sachs, Guy Alexander, Buyers, Japan's Idemitsu, Delta, Tony Chong, Squire Patton Boggs, Jakob Stausholm, Stausholm, Dale Henderson, Melanie Burton, Veronica Brown Organizations: REUTERS, Chile, Albemarle Corp, RBC, Develop, Mineral Resources, Metals, Minerals, Liontown Resources, Climate Capital, Consultancy, EV, Goldman, New Zealand, Resources, Tinto, Patriot Metals, Canada, Reuters, Thomson Locations: Albemarle Chile, Chile, MELBOURNE, Australia, Sydney, Andover, Albemarle, Perth, China, U.S, Canada, Quebec

China is dominant in magnets and the rare earth metals they are made from. Magnet makers are also drawn to Vietnam by low labour costs and market access afforded by multiple free-trade deals. It said it sources most of its rare earths from China but is seeking alternative sources in Vietnam and Australia and plans to develop a processing facility in Vietnam. A similar request from clients prompted another Chinese magnet maker, Magsound, to decide to open a factory in Vietnam in the first half of next year, the two people said. In April, Australia's Strategic Materials (ASM.AX) signed a deal with a Vietnamese refiner that committed to supplying rare earths for export to South Korea.

Persons: David Merriman, China's Luxshare, Taiwan's Foxconn, Magsound, Japan's Shin, Obayashi, Francesco Guarascio, Khanh Vu, Mai Nguyen, Christopher Cushing Organizations: Apple, Sino, Korea's Star, Industrial, SGI, U.S . Department of Energy, South, Reuters, VinFast, Hyundai, China's, Luxshare, Thomson Locations: China, HANOI, SEOUL, Vietnam, U.S, South Korea, Washington, Beijing, Australia, Hanoi

☆ The August sell-off has the market testing some key levels. Here's a breakdown
▼ + stars: | 2023-08-21 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

The August sell-off has stocks testing some key technical levels, spurring investors to watch where equities will go next. Now, investors are watching to see where the S & P 500 goes next. .SPX 1Y mountain S & P 500 1-year The strategist said this threshold is a key support as it's a convergence of several trends in the market. The S & P 500 fell to roughly 3,800 in March before resuming its march upward. A combination of technical factors imply that the S & P may test the 4,200 level but might not break significantly below that."

Persons: Sam Stovall, Stovall, BTIG's Jonathan Krinsky, Krinsky, Oppenheimer's Ari Wald, Wald, Michael Bloom Organizations: Dow Jones Industrial, Nasdaq Locations: China

☆ South Korea will cooperate more with US, Japan if North's threats continue
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +1 min

[1/2] U.S. President Joe Biden holds a joint press conference with Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol during the trilateral summit at Camp David near Thurmont, Maryland, U.S., August 18, 2023. REUTERS/Jim Bourg/File Photo Acquire Licensing RightsSEOUL, Aug 21 (Reuters) - South Korean President Yoon Suk Yeol said on Monday trilateral cooperation with the United States and Japan will grow stronger if North Korea's threats increase. The summit at the Camp David presidential retreat was the first standalone meeting between the U.S. and Japan and South Korea, as they seek to project unity in the face of China's growing power and nuclear threats from North Korea. Yoon said the trilateral cooperation did not exclude other countries, and that it would contribute to freedom, peace and prosperity in the region and the world. Reporting by Soo-hyang Choi, Ju-min Park and Jihoon Lee; Editing by Christian Schmollinger and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Fumio Kishida, Yoon Suk, Camp David, Jim Bourg, Yoon Suk Yeol, Yoon, Soo, hyang Choi, Jihoon Lee, Christian Schmollinger, Stephen Coates Organizations: Japanese, South, REUTERS, Rights, U.S, Camp, Thomson Locations: Camp, Thurmont , Maryland, U.S, Rights SEOUL, United States, Japan, South Korea, Britain, Australia, India, North Korea

☆ CNBC Daily Open: Unwelcome déjà vu in U.S. markets
▼ + stars: | 2023-08-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Japan's Nikkei 225 added 0.75%, but Hong Kong's Hang Seng Index dropped 1.38%. Beleaguered Chinese real estate company Country Garden will be removed from Hong Kong's index on Sept. 4 and replaced by Sinopharm. It wasn't just U.S. markets that fell — Hong Kong's Hang Seng Index closed in bear market territory Friday.

Persons: Jay Hatfield, Jackson, Sarah Min, Jerome Powell's Organizations: CNBC, Nikkei, Global, Elon, SpaceX, Capital Management Locations: Asia, Pacific, U.S

☆ CNBC Daily Open: A ‘perfect storm’ battered U.S. stocks
▼ + stars: | 2023-08-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange on August 16, 2023 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. A 'perfect storm' battering marketsSurging global bond yields, a slumping Chinese economy amid a worsening property sector crisis, the possibility of higher interest rates in the U.S. — those factors combined to create "the perfect storm" that battered stock markets last week, analysts say. [PRO] 'Three' things to look out forThe week ahead will "revolve around three things," said Infrastructure Capital Management CEO Jay Hatfield.

Persons: Elon Musk, Musk, Jay Hatfield, Jackson, Sarah Min, Jerome Powell's Organizations: New York Stock Exchange, CNBC, Elon, SpaceX, Twitter, DMs, Capital Management Locations: New York City, U.S

☆ Stocks making the biggest moves midday: Palo Alto Networks, Nvidia, Tesla, Marvell and more
▼ + stars: | 2023-08-21 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Palo Alto Networks — The security software provider jumped 15.2% after Palo Alto beat expectations for earnings when reporting after the bell Friday. Goldman Sachs reiterated the stock as a buy following its report. Permian shares were flat. Xpeng — The Chinese electric vehicle maker jumped 9.8% following an upgrade to buy from neutral by Bank of America. Farfetch — The e-commerce fashion company's shares jumped more than 5% Monday.

Persons: Goldman Sachs, Earthstone, Baird, Napco, Xpeng, Tesla, Farfetch, Acushnet, Jefferies, —, Sarah Min, Hakyung Kim, Samantha Subin Organizations: Nvidia, Palo Alto Networks, Palo Alto, Earthstone, Nvidia —, HSBC, Napco Security Technologies, Bank of America, Volkswagen, VMWare, Broadcom, United Kingdom's, Markets Authority, Acushnet Holdings Locations: Santa Clara , California, China

☆ S&P 500 futures are little changed Sunday after another losing week: Live updates
▼ + stars: | 2023-08-20 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange on August 16, 2023 in New York City. U.S. S&P 500 futures were little changed on Sunday night after another losing week for the major averages. Meanwhile, the S&P 500 edged down 0.01%, while the Nasdaq Composite fell 0.2%. The Nasdaq Composite closed the week lower about 2.6%, down for a third straight week for the first time since December. And the S&P 500 dropped 2.1% and posted its third consecutive losing week, which hadn't happened since February.

Persons: Quincy Krosby, They're, Jerome Powell Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Palo Alto Networks, Investors, Dow Jones, Dow, LPL, Nvidia, Federal Locations: New York City ., China, , Wyoming

☆ North Korean hackers target U.S.-South Korea military drills, police say
▼ + stars: | 2023-08-20 | by ( Ju-Min Park | ) www.reuters.com time to read: +1 min

SEOUL, Aug 20 (Reuters) - Suspected North Korean hackers have targeted a joint U.S.-South Korea military exercise being held this week though classified information has not been compromised, South Korean police said on Sunday. South Korean and U.S. forces will on Monday begin 11-day Ulchi Freedom Guardian summer exercises to improve their ability to respond to North Korea's evolving nuclear and missile threats. North Korea objects to such exercises saying they are preparations by the U.S. and its South Korean ally for an invasion of it. North Korea has previously denied any role in cyberattacks. At that time, South Korea accused North Korea of being behind that cyberattack.

Persons: Josh Smith, Robert Birsel Organizations: Guardian, U.S, South, Gyeonggi Nambu Provincial Police Agency, South Korean, Thomson Locations: SEOUL, U.S, Korea, North Korea, Korean, South Korea, Gyeonggi, cyberattacks

☆ North Korea slams UN human rights meeting as a US 'scheme'
▼ + stars: | 2023-08-19 | by ( ) www.reuters.com time to read: +2 min

The U.N. Security Council discussed human rights abuses in North Korea on Thursday, with the U.S. ambassador criticising leader Kim Jong Un for using "repression and cruelty" to develop nuclear weapons and missiles. U.S. President Joe Biden and the leaders of South Korea and Japan agreed at Camp David on Friday to deepen military and economic cooperation, facing China's growing power and nuclear threats from North Korea. China, North Korea's major ally, opposed the meeting of the 15-member council on abuses in North Korea but it did not attempt to block it. "We will never tolerate the U.S. and its followers' anti-(North Korea) 'human rights' slander scheme, and will defend the sovereignty of the state, the socialist system and security interests," North Korea's KCNA quoted as an unnamed spokesperson from the country's human rights think tank as saying. North Korea said on Wednesday an American soldier, Travis King who crossed into North Korea last month, had fled racism and abuse in America.

Persons: Kim Hong, Kim Jong, Joe Biden, David, KCNA, Travis King, William Mallard Organizations: REUTERS, Rights, . Security, U.S, Korean, Thomson Locations: Gijungdong, North Korea, Panmunjom, South Korea, Rights SEOUL, Nations, United States, Pyongyang, Japan, China, North, America

☆ Nvidia, key Powell speech to take center stage next week in midst of Wall Street's August woes
▼ + stars: | 2023-08-18 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The week ahead will "revolve around three things," Infrastructure Capital Management CEO Jay Hatfield remarked on the week ahead. "Nvidia's earnings, Nvidia's earnings and, to a lesser degree, Jackson Hole." Nvidia earnings Many investors expect Nvidia will beat expectations for the second quarter when it reports results next Wednesday . More commentary from Jackson Hole If Nvidia is the key microeconomic event next week, Jackson Hole will dominate macroeconomic discussion. Powell delivers his address at the annual central bank forum hosted by the Kansas City Fed next Friday morning.

Persons: Jerome Powell, Jay Hatfield, Jackson, Management's Yung, Yu Ma, Hans Mosesmann, Hatfield, Powell, Ross Mayfield, Ray Farris, Fed Governor Bowman, Michael Bloom Organizations: Federal, Infrastructure Capital Management, Dow, Nasdaq, Treasury, Fitch, Federal Reserve, BMO, Nvidia, Rosenblatt Securities, Infrastructure Capital Management's, Kansas City Fed, Fed, Infrastructure Capital, Credit Suisse, Richmond Fed, Federal Reserve Bank of Chicago, PMI, New, Body, Devices, Autodesk, Chicago, . Kansas City Fed Manufacturing, Intuit, Ulta Locations: , Wyoming, China, Infrastructure Capital Management's Hatfield, Powell, . Kansas, Michigan

☆ U.N. humanitarian chief appeals to Myanmar generals for greater aid access
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +2 min

Martin Griffiths, the Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, attends an interview with Reuters in Kabul, Afghanistan, January 25, 2023. REUTERS/Ali Khara/File Photo Acquire Licensing RightsAug 18 (Reuters) - The chief of the United Nations humanitarian relief agency has urged Myanmar's ruling military to allow greater access to 18 million people in need of aid, describing the situation as critical as a post-coup conflict intensifies. "Successive crises in Myanmar have left one third of the population in need of humanitarian aid," Griffiths said in a statement. Griffiths said humanitarian relief organisations were struggling with insufficient resources and urged international donors to do more, with just 22% of the annual funding requirements received by mid-year. The U.N. Human Rights report in June said the lack of aid access may amount to war crimes, while a team of U.N. investigators last week said war crimes were "increasingly frequent and brazen".

Persons: Martin Griffiths, Ali Khara, Myanmar's, Min Aung Hlaing, Griffiths, Martin Petty Organizations: Humanitarian Affairs, Emergency, Reuters, REUTERS, United Nations, Reuters Staff, Thomson Locations: Kabul, Afghanistan, Myanmar

KCNA via Acquire Licensing Rights Read moreSEOUL, Aug 17 (Reuters) - North Korea may launch an intercontinental ballistic missile or take other military action to protest a summit between the United States, South Korea and Japan, a South Korean lawmaker said on Thursday, citing the country's intelligence agency. North Korea has criticised deepening military cooperation among the three nations as part of a dangerous prelude to the creation of an "Asian version of NATO". Yoo said there was a chance the North would launch the satellite to celebrate its founding anniversary on Sept. 9. North Korean leader Kim Jong Un has made it a priority to conduct a launch during the second half of this year, Yoo noted. The United States has accused North Korea of providing weapons to Russia for its war in Ukraine, which it calls a "special operation", including artillery shells, shoulder-fired rockets and missiles.

Persons: Kim Jong Un, Kim Ju, Joe Biden, Camp David, Yoon Suk Yeol, Fumio Kishida, Yoo Sang, Yoo, Kim Jong, Kim, hyang Choi, Edmund Klamann, Gerry Doyle Organizations: North, Korean Central News Agency, KCNA, South, Camp, South Korean, NATO, National Intelligence Service, United, Thomson Locations: Pyongyang, North Korea, SEOUL, United States, South Korea, Japan, South Korean, Seoul, Tokyo, Russia, Ukraine, Moscow

☆ Stocks making the biggest moves after hours: Applied Materials, Ross Stores and more
▼ + stars: | 2023-08-17 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Applied Materials — Applied Materials rose nearly 2% in extended trading after beating analysts' expectations on the top and bottom lines in its fiscal third-quarter results. The semiconductor equipment maker posted adjusted earnings of $1.90 per share, greater than the $1.74 per share expected by analysts polled by Refinitiv. Ross Stores — The retail stock popped 5.7% in extended trading after Ross Stores topped forecasts for its second quarter. Analysts polled by Refinitiv had expected 41 cents in earnings per share on revenue of $282 million. The online luxury retailer posted revenue of $572 million, lower than the consensus estimate of $649 million from Refinitiv.

Persons: Bill Holdings, Bill, Refinitiv, Keysight, FactSet, Farfetch Organizations: Applied, Refinitiv . Revenue, Ross Stores, Holdings Locations: Santa Clara , California, Refinitiv

☆ S&P 500 futures are little changed after major indexes post third straight losing day: Live updates
▼ + stars: | 2023-08-17 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

S&P 500 futures were little changed Thursday night after the major averages dropped for a third straight day. Dow Jones Industrial Average futures rose by 11 points, or 0.03%. S&P 500 futures and Nasdaq 100 futures dipped 0.02% and 0.12%, respectively. Meanwhile, the S&P 500 declined 0.77%, and the Nasdaq Composite slid 1.17%. Meanwhile, the S&P 500 is headed for a third straight week of losses, a streak that hasn't happened since February.

Persons: Group's Guy Adami, CNBC's, Dow Organizations: NYSE, Dow Jones Industrial, Nasdaq, Materials, Ross Stores, Dow, Treasury, Federal Reserve, Dow Transports, Russell, Palo Alto Networks

☆ Soccer-Bayern still a work in progress with Bundesliga season set to start
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +3 min

The Bavarians have won the last 11 consecutive league crowns but they needed a Borussia Dortmund slip-up on the final matchday last season to retain it. A 3-0 loss to RB Leipzig in the German Super Cup at home on Saturday left Tuchel, who took over from Julian Nagelsmann late last season, fuming. Kane's German debut, with a low-key substitute appearance in the second half of their Super Cup loss, did little to dampen Bayern fans' enthusiasm and expectations. Their Super Cup win over Bayern gave them an early shot of confidence but they will have to repeat it again on Saturday when they face ambitious Leverkusen in their season opener. "We can improve many things but this obviously did give us a push," said Leipzig coach Marco Rose of the win against Bayern.

Persons: Thomas Tuchel, Harry Kane, Kai Pfaffenbach, Robert Lewandowski, Tuchel, Julian Nagelsmann, Manuel Neuer, Kim Min, jae, Felix Nmecha, Marcel Sabitzer, Rami Bensebaini, Granit Xhaka, Victor Boniface, Jonas Hofmann, Christopher Nkunku, Konrad Laimer, Dominik Szoboszlai, Josko Gvardiol, Andre Silva, Marco Rose, Robin Gosens, Karolos, Robert Birsel Organizations: Soccer Football, DFL, Bayern Munich, RB Leipzig, Allianz Arena, REUTERS, Rights, Bundesliga, Werder Bremen, Borussia Dortmund, Bayern, Tottenham Hotspur, Borussia, Bayer Leverkusen, Germany, Leverkusen, Champions League, Thomson Locations: Munich, Germany, Barcelona, Napoli, Leipzig, Union Berlin

☆ CNBC Pro Talks: What the best minds on Wall Street are buying
▼ + stars: | 2023-08-16 | by ( Sarah Min | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: Top investors Tom Lee and Stephanie Link spot buying opportunitiesWith summer winding down and Wall Street getting back to business, investors are set to see if 2023's surging market will run or stumble for the rest of the year. CNBC Pro assembled two of the best experts in the business to break down the homebuilder trade, energy sector and more. Fundstrat's Tom Lee and Stephanie Link of Hightower Advisors sat down with CNBC's Dominic Chu and shared their best stock picks and outlook.

Persons: Tom Lee, Stephanie Link, Hightower, CNBC's Dominic Chu Organizations: Wall Street, CNBC Pro, Hightower Advisors

☆ A biotech hedge fund that counts Yale’s endowment among its clients bought a new stake in this genetic testing company
▼ + stars: | 2023-08-16 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Founded by brothers Julian and Felix Baker in 2000, the health care hedge fund focuses on biotech and life sciences investing. The biotech stock with a focus on neuroscience has surged more than 84% this year. Baker Bros. doubled down on its bet in Kymera Therapeutics , which it raised by more than 51%. The hedge fund also took new stakes in ImmunoGen , which has more than tripled this year, soaring 216%, and Day One Biopharmaceuticals , which is down by 34%. The hedge fund lowered its exposure to the biotech company, which develops treatments for cancer, by 5%.

Persons: Baker, Tisch, Julian, Felix Baker, Seagen, Yun Li Organizations: Baker Bros, Advisors, Yale, Acadia Pharmaceuticals, Kymera Therapeutics Locations: InVitae, Invitae, Acadia, ImmunoGen

☆ Stocks making the biggest moves midday: Target, Cava, TJX Companies, Intel and more
▼ + stars: | 2023-08-16 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Target — Target shares added 2.9% even after the retailer cut its full-year earnings forecast and second-quarter sales fell short of expectations. Wall Street analysts surveyed by Refinitiv had expected earnings of $1.39 per share on $25.16 billion in revenue. TJX reported adjusted earnings of 85 cents per share on $12.76 billion in revenue, while analysts surveyed by Refinitiv expected 77 cents earned and $12.45 billion in revenue. The manufacturer of lasers and optics forecast earnings of 5 cents to 20 cents per share and revenue of $1 billion to $1.1 billion. Analysts polled by FactSet called for 47 cents per share in earnings and revenue of $1.16 billion.

Persons: Refinitiv, Coinbase, TJX, FactSet, JD.com, Dr Pepper, Agilent, Jack Henry, Mercury, Cava — Cava, Jack, Wells, Morgan Stanley, Imperial, Shawn Fain, —, Sarah Min, Samantha Subin, Michelle Fox, Jesse Pound Organizations: —, Wall Street, National Futures Association, Commodity Futures Trading Commission, TJX, Nasdaq, UBS, Block, Wall, Associates, Mercury Systems, GE, GE HealthCare, News, Getty, Imperial Capital, Intel, Tower Semiconductor, Semiconductor, General Motors —, United Auto Workers, Big, General Motors, Ford Motor Locations: JD.com —, Cava

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