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☆ With worst-case scenario averted for now, White House and Harris campaign still face a serious liability in Middle East conflict
▼ + stars: | 2024-10-26 | by ( Kevin Liptak | ) edition.cnn.com time to read: +9 min

Still, if in Biden’s mind a worst-case scenario was prevented, the larger knot that is the Middle East conflict remains as firmly gnarled as ever. Biden and Harris joined a call Saturday with their national security team and were briefed on the the latest developments in the region according to the White House. But few believe there will be any resolution before the November 5 US presidential election, leaving Biden and Harris’ inability to bring stability to the region a serious political liability. Eyad Baba/AFP/Getty ImagesFor her part, Harris has offered little evidence she would adopt a different approach if elected. “As far as we’re concerned, that should close out the direct exchange between Israel and Iran,” the official went on.

Persons: Joe Biden’s, Kamala Harris ’, ” Biden, Biden, Harris, ” Harris, ”, “, Yahya Sinwar, Israel isn’t, don’t, Benjamin Netanyahu, Netanyahu, Donald Trump —, Trump, Donald J, ” Trump, Eyad Baba, CNN’s Anderson Cooper, —, Abdullah Hammoud, Antony Blinken, He’s, Israel’s, Biden’s, — Netanyahu, Betsy Klein, Samantha Waldenberg Organizations: CNN, White House, Trump, Republican, Aqsa Martyrs Hospital, Getty, United, Arab, Democratic, Iran’s Locations: Delaware, Iran, Israel, Tehran, United States, Lebanon, Gaza, Qatar, Michigan, Al, Aqsa, Deir al, AFP, CNN’s, Pennsylvania, Dearborn , Michigan

☆ Boeing's new CEO is taking on the ultimate management test
▼ + stars: | 2024-10-26 | by ( Tim Paradis | Taylor Rains | ) www.businessinsider.com time to read: +8 min

Boeing's still-new CEO, Kelly Ortberg, faces urgent challenges, including a worker strike. Ortberg is focusing on communication, trust, and future innovation at Boeing to get the company on the right path. Ortberg, in a letter released to employees along with the company's third-quarter results, said Boeing's customers want — and need — the company to succeed. "With the right focus and culture, we can be an iconic company and aerospace leader once again," he wrote. "When you feel that the CEO is with you, and the CEO is feeling your pain, it makes it more tolerable and provides hope for the future," Franklin said.

Persons: Boeing's, Kelly Ortberg, Ortberg, —, we've, Bill George, George, he's, Rosalind Franklin, Boyden, Franklin, Jeffrey Sonnenfeld, who's, Mary Barra, Alan Mulally, Sonnenfeld, haven't, Richard Aboulafia, they're, Aboulafia Organizations: Boeing, Service, Harvard Business School, Yale School of Management, Yale's, Leadership, General Motors, Ford, GM Locations: Seattle

Israel is also heavily backed by the United States, which has supplied more than 29,000 guided bombs, artillery rockets and assorted missiles since 2009. A spiraling conflict between Iran and Israel, one of the United States’ closest allies, could pull U.S. forces positioned throughout the region into the fray. Israel has told the United States that it will not attack Iran’s nuclear or oil facilities in its expected attack. Though highly unlikely, an Israeli strike on Iran’s oil facilities could prompt Iran or its proxies to target refineries in Saudi Arabia or the U.A.E. This April, Iran’s attack involving more than 300 drones and missiles, in retaliation for Israel’s killing of seven Iranian officials in Syria, shattered that supposition.

Persons: Arash Khamooshi, Abbas Araghchi, Biden, emboldening Israel, Chang W, Lee, Yahya Sinwar, Israel Organizations: Iranian Revolutionary Guard, The New York Times, International Institute for Strategic Studies, United, Senior Pentagon, The Defense Department, Area Defense, Defense, New York Times, United Arab, United Nations Locations: Israel, Gaza, Yemen, Lebanon, Iran, United States, Tehran, U.S, Gulf States, Guam, Qatar, United Arab Emirates, Bahrain, Kuwait, Saudi Arabia, Hormuz, Persian, Palestine Square, Gaza . Credit, Syria

☆ KeyBanc downgrades Apple to underweight, citing iPhone sale concerns
▼ + stars: | 2024-10-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

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

☆ Big earnings disappointments spoiled the stock market party this week
▼ + stars: | 2024-10-25 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

A torrent of big-name earnings hit the stock market this week — and the majority did not live up to analysts' muted expectations. Of the S & P 500 companies that have reported so far, about 74% of companies have beaten earnings expectations . But their blended earnings growth rate, which includes the reports already out and estimates for those on the docket, is 3.4%, falling short of the 4.2% estimate. The growth rate of just the companies that have posted so far is 3.1%, according to FactSet. Tech stocks buoyed the market on Friday ahead of their looming earnings reports, lifting the Nasdaq Composite to a record high.

Persons: Philip Morris, ServiceNow, Phillip Colmar, Colmar Organizations: CNBC, MRB Partners, Tech, Nasdaq, Dow Jones Locations: Colmar

☆ Short Amazon and Apple as they head into earnings season, say Itau BBA analysts
▼ + stars: | 2024-10-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Analysts at Itau BBA, the largest investment bank in Latin America, said investors should short Apple and Amazon before their quarterly financial results are released on Oct. 31. Investors also often use options contracts to take a short position on a stock to limit losses or amplify returns. However, Itau analysts said Apple's shares have "been performing well in a not-so-strong environment" and pointed to its elevated valuation levels. Apple stock now trades at 31 times price-to-next year's earnings, compared to the stock's five-year average of 26 times, according to FactSet. AAPL 1Y line Amazon Itau analysts said the e-commerce giant's profit margins will likely have peaked, which could lead to a sell-off after Amazon reports its quarterly earnings.

Persons: Shorting, Thiago Alves Kapulskis, Maria Clara Infantozzi, Apple's, AAPL, Infantozzi Organizations: Big Tech, Itau, Apple Intelligence, Apple Locations: Latin America

☆ North Korea is cozying up to Russia. For China, that may be no bad thing.
▼ + stars: | 2024-10-25 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +4 min

North Korea is solidifying ties with Russia, a change from its usual focus on China. AdvertisementRussian President Vladimir Putin on Thursday appeared to confirm reports that North Korea had sent thousands of troops to eastern Russia. "But the Chinese are waiting for an opportunity where North Korea, Russia, and China can come stronger together, and I think North Korea sending the troops to Russia is a testimony to that." AdvertisementFor North Korea, China has long been its most important ally, providing trade, diplomatic support, and military aid to Kim Jong Un. Jim Hoare, a former UK diplomat who was posted to North Korea, told BI that even if China was frustrated by North Korea's increasing closeness to Russia, it should bide its time.

Persons: —, Vladimir Putin, Victor Cha, Jagannath Panda, Sari Arho Havrén, Kim Jong, Havrén, Ali Wyne, Jim Hoare, Hoare Organizations: Analysts, Service, Center for Strategic, International Studies, New York Times, Experts, Stockholm Center, South, Pacific Affairs, Royal United Services Institute, NATO Locations: Korea, Russia, China, North Korea, Ukraine, Washington, Beijing, South Korea, Japan, Eurasia, Pyongyang

☆ Stocks making the biggest moves midday: Tapestry, Capri, L3Harris Technologies and more
▼ + stars: | 2024-10-25 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

The sharp moves come after a judge ruled in favor of the Federal Trade Commission's case to block Tapestry's acquisition of Capri . L3Harris Technologies — Shares rose 3.5% after the defense company reported a top- and bottom-line beat in the third quarter. Western Digital posted adjusted earnings of $1.78 per share, versus consensus forecasts for $1.72 per share, according to LSEG. Adjusted earnings before interest, taxes, depreciation, and amortization of $3.27 billion was just slightly short of consensus calls for $3.28 billion. In the fiscal second quarter, Booz Allen Hamilton reported adjusted earnings of $1.81 per share on $3.15 billion in revenue.

Persons: L3Harris, FactSet, ResMed, Booz Allen Hamilton, —, Alex Harring, Lisa Kailai Han, Sean Conlon Organizations: Tapestry, Federal Trade, Capri, FactSet, Colgate, Palmolive, Western Digital, Digital Realty Trust, Management, HCA, HCA Healthcare, Booz

☆ The last time markets were this good was 20 years ago. Can we keep it up?
▼ + stars: | 2024-10-25 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

Until this week’s pullback, the market’s recent performance told a remarkable story. The S&P 500 rose for 37 of the last 51 weeks, matching a record reached in both 1989 and 2004. Political uncertaintyWith polls showing a tight race for the White House, investors have been increasingly on edge about the prospect of former President Donald Trump winning the election. While polls remain effectively dead even, political betting markets have swung in Trump’s favor since the start of this month. Deutsche Bank analysts warn that the recent rally may be difficult to sustain given these historically high valuations.

Persons: Donald Trump, Trump, ” Steven Ricchiuto, Henry Allen, it’s Organizations: New, New York CNN, Dow, Nasdaq, White House, Mizuho Securities, –, Deutsche Bank, Apple, Microsoft, Presidential, Federal Locations: New York, Israel

☆ If South Korea decides to get involved in Ukraine, it has powerful options
▼ + stars: | 2024-10-25 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

But South Korea remains wary of getting involved in the Ukraine war. GAVRIIL GRIGOROV via Getty ImagesSouth Korea hesitatesSignificant obstacles stand in the way of South Korea arming Ukraine, though. Chan said South Korea's President Yoon Suk-yeol was domestically unpopular and would encounter difficulties repealing the law via South Korea's center-left-dominated National Assembly. AdvertisementBut the escalating alliance between Russia and North Korea may soon reach a point where South Korea feels it needs to act. Because of Russia's increasing reliance on North Korea, Kim finds himself in a powerful position to negotiate sophisticated technology in return.

Persons: —, Yonhap, Jeremy Chan, Chan, Ellen Kim, Kim, Lloyd Austin, Kim Jong, Russia's Vladimir Putin, GAVRIIL GRIGOROV, Yoon Suk, yeol, Kim Jong Un, Joon Cho, Yoon, Sean McFate Organizations: Russia, Service, Security Council, South, Eurasia Group, Center for Strategic, International Studies, North, US, Getty Images, National, National Assembly, Kremlin, Georgetown University Locations: Korea, Ukraine, South Korea, North Korea, Russia, Seoul, Korean, China, Asia, Poland, Washington ,, Kyiv, Pyongyang, South Korea's, South, Moscow

☆ 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

☆ CNBC Daily Open: In this time of uncertainty, markets seem to rely on logic
▼ + stars: | 2024-10-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Amazon and Apple report earnings on Thursday, Oct. 31. Tariffs of China's steel exports China's steel exports will hit 109 million tons this year , the highest level since 2016, estimate strategists at Macquarie Capital. However, countries around the world are implementing tariffs on Chinese steel, which analysts predict will lower the country's steel exports starting 2025.

Persons: John Maynard Keynes, Tesla, Dow, Andy Sieg, –, —, Sarah Min, Pia Singh, Lisa Kailai Han Organizations: New York Stock Exchange, CNBC, Apple, Itau, Macquarie Capital, Wall, Nasdaq, Dow, Boeing, IBM, U.S Locations: New York City, U.S, Latin America, China

A deadly E. coli outbreak linked to McDonald 's Quarter Pounders has led to 75 cases in 13 states, the Centers for Disease Control and Prevention said Friday, as it investigates the source of the spread. All of the 42 people who were interviewed by the CDC reported eating at McDonald's, while 39 people reported eating a beef hamburger, the agency said. Quarter Pounder hamburgers are a core menu item for McDonald's, raking in billions of dollars annually. As the CDC and other federal agencies trace cases and work to contain the outbreak, McDonald's has pulled Quarter Pounders from restaurants in the affected areas. Experts told CNBC that barring a more serious crisis, the damage to its brand may be minimal, as with an E. coli outbreak linked to Wendy's two years ago.

Persons: McDonald, McDonald's, Burger, Taco Bell, McDonald's spokespeople, Price Organizations: Centers for Disease Control, Prevention, CDC, Health, KFC, Taco, McDonald's, Wall Street, CNBC Locations: Colorado, McDonald's, Colorado , Kansas , Utah , Wyoming, Idaho , Iowa , Missouri, Montana , Nebraska , Nevada , New Mexico, Oklahoma, California, McDonald's U.S

☆ JPMorgan is boosting its junior-banker ranks
▼ + stars: | 2024-10-25 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +5 min

JPMorgan is ramping up its hiring of investment-banking analysts and associates, BI has learned. The fourth quarter is usually a slow period of hiring for investment banks. JPMorgan Chase is in the midst of an off-cycle hiring spree for junior investment bankers, according to people familiar with the bank's recruitment efforts and its online jobs board. AdvertisementAs Business Insider previously reported, JPMorgan recently said it would cap junior bankers' weekly work hours to 80 per week, with key exceptions. It also created a new HR role specifically to oversee the "well-being" of junior bankers.

Persons: —, JPMorgan Chase, headhunter, Wall, Banks, there's, Jamie Dimon, wasn't Organizations: JPMorgan, Service, IPOs, Bank of America, WSJ

☆ Stocks making the biggest moves premarket: Deckers Outdoor, Capital One, Capri, Skechers and more
▼ + stars: | 2024-10-25 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Deckers posted earnings of $1.59 per share, topping the $1.24 a share expected from analysts polled by LSEG. Digital Realty also raised the top-end of its full-year revenue forecast to $5.6 billion, while analysts polled by FactSet expected $5.57 billion. The provision for credit losses came in at $2.48 billion, versus the $2.83 billion estimate from analysts polled by StreetAccount. Western Digital earned $1.78 per share, excluding items, while analysts polled by LSEG called for a profit of $1.72 per share. The company raised its full-year revenue outlook to $159 billion to $161 billion.

Persons: Hoka, FactSet, LSEG, ResMed, Wall, Skechers, Olin —, —, CNBC's Hakyung Kim, Sarah Min, Michelle Fox Organizations: LSEG, Revenue, Digital Realty Trust, Digital Realty, Capital, StreetAccount, Wall, FactSet, Western Digital, Joby Aviation, Olin, Olin — Stock, Colgate, Palmolive Locations: Capri

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

☆ 13 cheap stocks with strong earnings as mega-cap growth fades in a major market shift
▼ + stars: | 2024-10-25 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Here are 13 top stocks that are cheap and have above-average earnings growth. Mega-cap growth stocks dusted their smaller peers for 18 months, beginning in early 2023. These firms have above-average earnings growth and cheaper-than-average valuations, and they have an impressive record of outperformance over the last few decades. Without potent earnings, GARP stocks could risk falling into the "value trap" category. Cheaper GARP stocks should become more appealing in that backdrop, according to BMO, and historical performance backs that up.

Persons: —, Brian Belski, he's, Belski Organizations: BMO Capital Markets, Service, BMO Capital, BMO, Markets

☆ Russia's central bank raises key rate to 21% to rein in higher-than-forecast inflation
▼ + stars: | 2024-10-25 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

Photo: Ulf Mauder/dpa (Photo by Ulf Mauder/picture alliance via Getty Images)Russia's central bank on Friday raised its key interest rate by 200 basis points to 21%, citing consumer price increases considerably above its forecast and warning of ongoing high inflation risks in the medium term. The key rate was previously taken up by 100 basis points to 19% in September. On Friday, the central bank noted annual seasonally adjusted inflation hit an average of 9.8% in September, up from 7.5% in August. "Over the medium-term horizon, the balance of inflation risks is still significantly tilted to the upside," the bank said in a statement. "The key risks are associated with persistently high inflation expectations and the upward deviation of the Russian economy from a balanced growth path, as well as with a deterioration in foreign trade conditions."

Persons: Ulf Mauder Organizations: Foreign Ministry, Getty, Reuters Locations: Russia, Ukraine

☆ Xi undercut the West by negotiating a truce in China's long feud with India
▼ + stars: | 2024-10-25 | by ( Tom Porter | Hannah Abraham | ) www.businessinsider.com time to read: +6 min

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

☆ Innovations in glass technology are driving progress in energy, sustainability, and consumer products. Here's what that looks like.
▼ + stars: | 2024-10-25 | by ( ) www.businessinsider.com time to read: +7 min

Since Otto Schott invented specialty glass in 1884, the simple material has become a cornerstone of modern technology, and driving innovation. From semiconductors to clean energy, home tech, and electric vehicles, glass is the silent enabler of progress. Specially engineered laser glass helped researchers achieve what was once thought impossible: creating more energy from a reaction than was put into it. The light, amplified by active laser glass and focused through precisely crafted optical glass, delivered significant energy to a tiny fuel pellet, triggering a fusion reaction that produced a net energy gain. The fusion reaction generated 3.15 megajoules of energy, exceeding the 2.05 megajoules of laser energy delivered to the target.

Persons: Bill James, Otto Schott, SCHOTT Organizations: SCHOTT North, Industry, photonics, Lawrence Livermore National Laboratory, SCHOTT, Insider Studios Locations: SCHOTT North America

☆ The power sector is 'transforming,' Morgan Stanley says, naming global stocks set to rise 40%
▼ + stars: | 2024-10-25 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

The electricity industry is transforming, according to Morgan Stanley, and multiple power producers, grid operators and utilities are set to benefit. "Global power markets have surprised on multiple fronts, and investors are navigating a new normal in the power value chain," they added. Morgan Stanley's analysts named three overweight-rated global stocks in the electricity sector which they give more than 40% potential upside. RWE RWE : Morgan Stanley notes that the German power giant, which generates and trades electricity, is exposed to "tight electricity markets rewarding flexibility + value creation in renewables in Europe & US." AES Corp. AES Corp.: Morgan Stanley highlighted the company's "expanding renewable portfolio" as a theme to watch.

Persons: Morgan Stanley, Morgan, RWE, — CNBC's Michael Bloom Organizations: Frankfurt Stock Exchange, American Depository, AES Corp, U.S, Global X FTSE, Asia, Malaysian Locations: Asia, Europe, U.S, Nasional Tenaga Nasional, Malaysian, Bursa Malaysia, Malaysia

A day after its sharpest rally since 2013, Tesla's stock on Friday headed for its highest close in more than a year as investors and analysts continued to applaud the electric vehicle company's third-quarter results. Tesla shares rose 2.8% on Friday morning to $267.79, putting the stock on pace for its highest finish since September 2023. The firm, which already had a buy rating on the stock, said it was increasing its 12-month price stock prediction to $315 from $310 "to reflect higher deliveries and higher margins." Still, Tesla's stock remains about 35% below its all-time high reached in 2021. WATCH: Tesla's price war is over

Persons: Elon Musk, Mark Read, Piper Sandler, Tesla, FactSet, Musk, Larry Ellison, Li Auto, Bernstein Organizations: Cannes Lions, JPMorgan, Forbes, Tesla, Ford, General Motors Locations: Cannes, France, FSD, California, Texas, China, U.S

☆ Georgia's election forces voters to choose between a future with Russia or Europe
▼ + stars: | 2024-10-25 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Supporters of the ruling Georgian Dream party at the party's final campaign rally in Tbilisi on Oct. 23, 2024, ahead of the Oct. 26 parliamentary elections. Despite its increasingly anti-Western rhetoric, Georgian Dream insists it still wants Georgia to join the EU and its election posters feature the party's logo along with the symbol of the EU. People walk past campaign posters of the ruling Georgian Dream party in Tbilisi on Oct. 22, 2024, ahead of the Oct. 26 parliamentary elections. Georgian oligarch Bidzina Ivanishvili attends the final campaign rally of the ruling Georgian Dream party in Tbilisi on Oct. 23, 2024, ahead of Oct. 26 parliamentary elections. Georgia's President Salome Zourabichvili, staunchly critical of the ruling party, addressed crowds of supporters last weekend, telling them that the vote would "demonstrate people's will for freedom, independence, and a European future."

Persons: Giorgi Arjevanidze, There's, Bidzina Ivanishvili, —, oligarch Bidzina, Salome Zurabishvili's, Vano Shlamov, Ivanishvili, Salome Zourabichvili, Zourabichvili, Salome Zurabishvili Organizations: Afp, Getty, Center for, NATO, European Union, EU, Western, Russia, Party, Institute for, Kremlin Locations: Georgian, Tbilisi, Georgia, Russia, Soviet, Russian, Moscow, Washington, Europe, Western Ukraine, Ukraine, Eastern Europe, South Caucasus, Central Asia, European

☆ United Airlines, Morgan Stanley among the most overbought stocks on Wall Street. Here are the others
▼ + stars: | 2024-10-25 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stocks including United Airlines and Morgan Stanley have seen immense buying on Wall Street this week and could be in store for a pullback. United Airlines stock has surged more than 82% in 2024, and has a 14-day RSI of 85.9, which is the second-highest reading on the list. UAL YTD mountain United Airlines stock. Morgan Stanley stock is also overbought this week, with a 14-day of RSI of 79.5. MS YTD mountain Morgan Stanley stock.

Persons: Morgan Stanley, General Mills Organizations: United Airlines, Nasdaq, Microsoft, Nvidia, CNBC Pro, FactSet, Morgan, Moderna, Enphase Energy

☆ China schedules meeting expected to reveal fiscal stimulus details
▼ + stars: | 2024-10-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — China's parliament will hold a highly anticipated meeting Nov. 4 to 8, state media said Friday, according to a CNBC translation. Investors have been awaiting news of the gathering of the standing committee of the National People's Congress, which is expected to announce details on any fiscal stimulus. Last year, the committee's meeting in late October oversaw a rare increase in China's fiscal deficit to 3.8%, from 3%, which was subsequently reported by state media. He pointed out that the last month of Chinese stimulus measures have all underscored the need for more fiscal support. Analysts have tempered expectations that large-scale fiscal stimulus would directly pillar consumption, instead noting how struggling local governments would likely get support first.

Persons: Bruce Pang, Finance Lan Fo'an, Xi Jinping, Pang Organizations: BEIJING —, CNBC, National People's Congress, China's, Finance, People's Bank of Locations: Beijing, BEIJING, China, JLL, People's Bank of China

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