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☆ US economy could face higher inflation and slower growth when Trump takes office, 'Dr. Doom' economist Nouriel Roubini says
▼ + stars: | 2024-11-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

AdvertisementNouriel Roubini thinks higher inflation and slower growth are coming on the back of Trump's policies. "Some of the economic policies may lead to higher economic growth," Roubini said, pointing to Trump's push to loosen regulation and slash the corporate tax rate. "But unfortunately, many of the other policies have the implication of higher inflation and lower economic growth." AdvertisementOther forecasters have also warned of the potential for higher inflation in Trump's second term. Trump, though, has repeatedly disputed the idea that his policies are inflationary and said he would lower prices for Americans.

Persons: Roubini, Roubini —, Doom, —, Trump, Taylor Rogers Organizations: Bloomberg, Social Security, Committee, Federal, Deutsche Bank, Trump, White, Republican National Committee Locations: stoke, Mexico, Canada, China

☆ U.S. stocks too expensive? Morningstar's top exec reveals where he's investing instead
▼ + stars: | 2024-11-28 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Attractive returns and a breadth of opportunities are among the reasons the U.S. market historically reigns supreme among investors. However, one market watcher considers U.S. stocks to be expensive and is now seeking opportunities in cheaper markets with what he sees as better risk-adjusted returns. "Many large U.S. stocks appear to be expensive and consequently are offering lower future returns," Morningstar analysts wrote in a 2025 outlook report. 'Attractive pockets' Going forward, Morningstar's top executive is optimistic on markets like Japan and China which present "attractive pockets" of opportunity. 'Pockets of undervaluation' Over in Japan, Kapoor likes that the market offers "pockets of undervaluation."

Persons: Kunal Kapoor, I'm, Kapoor, Morningstar, Warren Buffett Organizations: CNBC Pro, Morningstar, China Holdings, Tokyo Stock Exchange, Nippon ISA Locations: U.S, Japan, China

☆ OPEC+ postpones meeting to decide oil production strategy to Dec. 5, sources say
▼ + stars: | 2024-11-28 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

A view shows the logo of Organization of the Petroleum Exporting Countries (OPEC) during the United Nations climate change conference COP29, in Baku, Azerbaijan November 13, 2024. The OPEC+ oil alliance postponed a meeting to decide the next steps of its crude production strategy to Dec. 5, two delegate sources told CNBC. The coalition, made up of the Organization of the Petroleum Exporting Countries and its allies, was initially scheduled to meet on Dec. 1. The OPEC+ coalition is currently operating three sets of separate oil production cuts, in response to an uncertain demand outlook. Under its formal output strategy, member nations are curtailing their combined production to 39.725 million barrels per day (bpd) into next year.

Organizations: Organization of, Petroleum, CNBC Locations: United Nations, Baku, Azerbaijan, OPEC, Kuwait City, Kuwait

☆ FTC opens broad antitrust investigation into Microsoft
▼ + stars: | 2024-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

The U.S. Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter told Reuters Wednesday. The investigation was approved by FTC Chair Lina Khan ahead of her likely departure in January. The FTC fielded such complaints last year as it examined the cloud computing market. The FTC has demanded a broad range of detailed information from Microsoft, Bloomberg reported earlier on Wednesday. In 2019, the Pentagon awarded it a $10 billion cloud computing contract that Amazon had widely been expected to win.

Persons: Lina Khan, Donald Trump, Satya Nadella, Trump, JD Vance Organizations: U.S . Federal Trade Commission, Microsoft, Reuters, NBC News, Republican, FTC, Amazon, Google, European Commission, Bloomberg, Big Tech, Facebook, Meta, Apple, Amazon.com Inc, U.S, Trump, Pentagon, Web Services

☆ Stocks making the biggest moves premarket: Dell Technologies, MicroStrategy, Urban Outfitters and more
▼ + stars: | 2024-11-27 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Dell Technologies — Shares fell more than 12% after the PC maker said it sees fourth-quarter revenue and earnings below Wall Street expectations . HP said it expects earnings, excluding items, to range between 70 cents per share and 76 cents per share. Autodesk expects earnings per share to be between $2.10 and $2.16, excluding items, and revenue of $1.623 billion to $1.638 billion. Urban Outfitters — Shares popped nearly 12% after the retailer reported an earnings and revenue beat postmarket Tuesday. Ambarella expects revenue of between $76 million and $80 million for the period, above the $69 million that analysts surveyed by LSEG had expected.

Persons: StreetAccount, FactSet, Janesh Moorjani, — Stocks, CrowdStrike, LSEG, George Kurtz, Ambarella, Nutanix, —, Samantha Subin, Jesse Pound, Sarah Min, Pia Singh, Michelle Fox Theobald Organizations: Dell Technologies, HP, Autodesk, Urban, postmarket, LSEG . Revenue

☆ JPMorgan sees S&P 500 rising to 6,500 in 2025 thanks to AI and deregulation
▼ + stars: | 2024-11-27 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 will be propelled to new heights in the new year thanks to momentum in artificial intelligence, a resilient economy and the possibility of easier regulation on industries, according to JPMorgan. The labor market has also held up, with more than 100,000 jobs being added in all but one month this year. The S & P 500 is up 4.1% since the Nov. 5 vote. UBS said this week it sees the S & P 500 rising to 6,400 , while Goldman Sachs and Morgan Stanley expect an expansion to 6,500. His 4,200, the lowest in the CNBC Pro Market Strategist Survey , implies 30% downside from Tuesday's close.

Persons: Dubravko Lakos, Bujas, Donald Trump's, Toll, Goldman Sachs, Morgan Stanley Organizations: Nvidia, Federal Reserve, Microsoft, Exxon Mobil, Tesla, Toll Brothers, Citigroup, UBS, Deutsche Bank, CNBC Pro Market, Survey Locations: Tuesday's, U.S

☆ Treasury yields fall as investors await the Fed’s preferred inflation gauge
▼ + stars: | 2024-11-27 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

ET, the yield on the 10-year Treasury was down by more than three basis points to 4.2673%. The 2-year Treasury yield was also down by more than three basis points at 4.2210%. U.S. Treasury yields were lower on Wednesday as investors awaited a key inflation reading, and weighed statements from the Federal Reserve meeting minutes from November. A flurry of economic data is expected to be published on Wednesday ahead of Thanksgiving on Thursday when markets will be closed. Meanwhile, President-elect Donald Trump's pick of Scott Bessent as Treasury secretary, continues to calm investors nerves.

Persons: Dow Jones, Donald Trump's, Scott Bessent, Bessent Organizations: Treasury, U.S, Federal Reserve, Federal, Traders, CME

☆ U.S. tariffs will change trade flows, says Hydro CFO
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. tariffs will change trade flows, says Hydro CFOTrond Olaf Christophersen, CFO of Hydro, discusses the outlook for the aluminum industry with Trump's proposed tariffs.

Persons: Trond Olaf Christophersen Organizations: Hydro

☆ Goldman Sachs Asset Management is fired up about the economy heading into 2025 — but serious risks are still lurking under the surface
▼ + stars: | 2024-11-27 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

AdvertisementThe global economic expansion will continue into 2025, according to Goldman Sachs Asset Management. "But it's all a give and take here, because we're also going to be seeing a lot of efficiencies come into the labor market, potentially." GSAM strategists aren't sweating about the labor market yet, but they're watching those trends closely. Despite their lofty valuations, GSAM isn't bailing on US equities. That may finally change in 2025 as China's government gets serious about economic stimulus, Wilson-Elizondo said.

Persons: Alexandra Wilson, Elizondo, Goldman, Trump's, Wilson, We're, we're, corporates —, it's, aren't, isn't, GSAM Organizations: Goldman Sachs Asset Management, Management, Trump, Companies, Goldman, Wilson

☆ Stocks making the biggest moves midday: Nordstrom, Dell, SolarEdge Technologies and more
▼ + stars: | 2024-11-27 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +4 min

Nordstrom's third-quarter revenue of $3.46 billion did come in above the $3.35 billion LSEG consensus. HP said it expects earnings, excluding items, to range between 70 cents per share and 76 cents per share, versus a FactSet estimate of 85 cents per share. Dell Technologies — The PC maker saw shares plunge 13% after the firm reported a revenue miss and forecast fourth-quarter revenue and earnings below Wall Street expectations. Autodesk expects earnings per share to be between $2.10 and $2.16, excluding items, and revenue of $1.623 billion to $1.638 billion. Analysts surveyed by LSEG were looking for earnings of $2.12 per share on $1.62 billion in revenue.

Persons: Nordstrom, Erik Nordstrom, Nordstrom's, Stocks, Robinhood, George Kurtz, Ambarella, LSEG, StreetAccount, Janesh Moorjani, SolarEdge, Symbotic, Yun Li, Tanaya Macheel, Michelle Fox, Jesse Pound, Samantha Subin, Sean Conlon Organizations: HP —, HP, Outfitters, LSEG, Revenue, Dell Technologies, Dell, Autodesk, SolarEdge Technologies

☆ Microsoft faces wide-ranging U.S. antitrust probe
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: +3 min

The U.S. Federal Trade Commission has opened a broad antitrust investigation into Microsoft , including of its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday. The probe was approved by FTC Chair Lina Khan ahead of her likely departure in January. The FTC fielded complaints about Microsoft last year as it examined the cloud computing market. Until now, Microsoft has been somewhat of an exception to U.S. antitrust regulators' recent campaign against allegedly anticompetitive practices at Big Tech companies. In 2019, the Pentagon awarded it a $10 billion cloud computing contract that Amazon had widely been expected to win.

Persons: Lina Khan, Donald Trump, Satya Nadella, Trump, JD Vance Organizations: U.S . Federal Trade Commission, Microsoft, Republican, FTC, Amazon, Google, Bloomberg, Big Tech, Facebook, Meta, Apple, Amazon.com Inc, U.S, Trump, Pentagon, Web Services

☆ 10 things the Club is watching in the market Wednesday, including CrowdStrike, HP, Dell
▼ + stars: | 2024-11-27 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

CrowdStrike delivered a very good quarter after Tuesday's closing bell, with management raising its full-year outlook on sales, operating income, and earnings. Mortgage rates dropped last week, pushing home loans for purchases up 12% week over week and 52% year over year. Best Buy shares were steady Wednesday morning after their nearly 5% post-earnings drop in the previous session. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: CrowdStrike, Wells, Donald Trump, Kevin Hassett, Hassett, Stanley Black, Decker, Jim Cramer, We're, — CNBC's Zev Fima, Jim Cramer's, Jim Organizations: Dow, Nasdaq, Street, RBC, Dell, HP, Wall Street, National Economic Council, of Economic Advisers, Apple, Financial Times, Citi, holding's, Disney, Comcast's Universal, Paramount, Comcast, NBC Universal, CNBC, Jim Cramer's Charitable Locations: Wells Fargo, China

☆ 2 things we always learn about a company before we decide whether to buy its stock
▼ + stars: | 2024-11-27 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

— Thanks, Marek We do two things right off the bat after identifying a stock that we might want to buy. Remember, as an investor, you want to know every little aspect of every company whose stock you buy or think about buying. Financial statements In addition to understanding a company from a high level, we can't take a position before analyzing the financial statements and getting a sense of the health of the company in question. All three are incredibly important, however, of the three, the balance sheet is going to be the one to look at first. Knowing what shape the balance sheet is in gives you a better sense of the company's outlook.

Persons: Jim Cramer, Marek, that's, it's, Linde, Myers Squibb, Myers, Karuna, Jim Cramer's, Jim Organizations: Amazon, Linde, Myers, Karuna Therapeutics, Bristol, LIN, CNBC Locations: Bristol

For the past year, comparing short-term CD rates vs. long-term CD rates showed that short-term CDs had better rates overall. Even the best long-term CD rates were starting to dip under the 4% mark, going into the 3.90% APY range. For example, Synchrony Bank's best CD rate is the Synchrony 9 Month CD, which offers 4.05% APY. Long-term CD rates are still lower than short-term CD rates overall. If the risk of incurring early withdrawal penalties in a long-term CD is too much, you can open a CD ladder with a long-term CD in it to mitigate that risk.

Persons: Synchrony, we're, Jerome Powell, Donald Trump, Kit Pulliam, They’ve, Kit Organizations: Federal Reserve, America First Credit, Credit Union, Dow Credit Union, Federal, Pulliam, Business, Tax, MSN, Vanderbilt University Locations: America

☆ VP Bank's Asia CIO explains why he's more optimistic on U.S. mid-caps
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVP Bank's Asia CIO explains why he's more optimistic on U.S. mid-capsThomas Rupf, Asia chief investment officer at VP Bank, discusses the outlook for the U.S. market and why mid-caps are the "sweeter spot."

Persons: Thomas Rupf Organizations: U.S, VP Bank Locations: Asia

Trump puts inflation on the agendaThe inflation risk stalking the markets eased over the summer, but it never really went away. It’s front and center again as investors contend with a Trumponomics crackdown on immigration, a rising trade-war risk and a potential bonanza of tax cuts. An important inflation measure comes out at 10 a.m. Eastern: the Personal Consumption Expenditures index report. Economists fear that it could add bottlenecks and costs to supply chains and reignite inflation, and that it could scramble the Fed’s policy on interest rates. next year would jump by an additional 1.1 percentage points if the Trump tariffs were fully enacted.

Persons: Trump, Donald Trump’s Organizations: United States ’, Deutsche Bank Locations: Canada, China, Mexico, United States

☆ Dell's AI business is booming, but shares plunged after it cut its revenue outlook
▼ + stars: | 2024-11-27 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Revenues jumped 34% in Dell's ISG division, which includes the company's AI operations. But a lower-than-expected fourth quarter outlook drove Dell's shares down 12% in premarket trading. The biggest success story came from Dell's Infrastructure Solutions Group, which includes sales of AI servers, storage, and other network capabilities. Despite Dell's strong positioning in AI-related technologies, the company's shares were down as much as 12% in premarket trading after its final quarter revenue outlook fell below Wall Street expectations. Dell shipped $2.9 billion in AI servers during the quarter, and the company said that customers had booked $3.6 billion of future AI server orders.

Persons: Dell, Dell's, Jeff Clarke, Elon Musk's Organizations: Dell's Infrastructure Solutions Group, Analysts, CSG, Nvidia, Elon Locations: Dell's ISG, Texas

☆ 'Cargojet is expensive': Short seller bets against Canada's largest cargo airline
▼ + stars: | 2024-11-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

A London-based hedge fund is betting against Cargojet , Canada's largest cargo airline, citing concerns about the company's aging fleet, accounting practices, and leadership style. Allen also claimed that the company has failed to update the age of its aircraft fleet. The Toronto-listed shares of the company have struggled this year, posting a 2% gain while the broader Canadian stock market has risen by nearly 25%. At the time of Allen's presentation slide titled "Cargojet is expensive," the stock was trading at 27 times earnings and 3.5 times tangible book value. In comparison, traditional airline Lufthansa trades at 7 times earnings, and United Airlines is valued at 9 times earnings estimate.

Persons: Edgar Allen, Ajay Virmani, Allen, they've, Cargojet, They've, Konark Gupta, Gupta, Allen's Sohn, Walter Spracklin, Fadi Chamoun, Chamoun, Drake, Elon Musk, Virmani Organizations: Cargojet, Investment Management, Sohn, United Parcel Service, Federal Express, CNBC Pro, CNBC, Scotiabank, RBC Capital Markets, BMO Research, Lufthansa, United Airlines, Elon Locations: London, Ontario, CJT, Toronto

☆ The Fed should not cut rates in December, says Bleakley's Peter Boockvar
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed should not cut rates in December, says Bleakley's Peter BoockvarPeter Boockvar, Bleakley Advisory Group CIO, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, state of the economy, rate path outlook, and more.

Persons: Bleakley's Peter Boockvar Peter Boockvar Organizations: Bleakley

☆ Goldman's retail stock picks for Black Friday and the holidays
▼ + stars: | 2024-11-27 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Goldman recently surveyed 1,000 U.S. consumers about their holiday shopping plans, sorted by channel, products and retailers. "We continue to see a healthy holiday shopping backdrop for retailers that offer strong value and innovation across their assortments," Roach said. Amazon remains one of the most popular retail destinations for holiday shopping, attracting slightly more interest compared to the prior year, according to Goldman. Target, another forecasted retail winner this season from Goldman, has lagged its retail peers this year, down 8% in 2024. Wrangler brand owner Kontoor Brands was also among Goldman's buy-rated picks that it thinks can offer strong value and product innovation.

Persons: Goldman Sachs, Goldman, Brooke Roach, Roach, LSEG, Kontoor Brands, Goldman's Organizations: Goldman, Walmart, Target, Kontoor Brands, Black, Kontoor

Many U.S. retailers are hoping to put the fall quarter behind them. But she said the company has begun to see holiday sales momentum now that the vote is over — with particular demand for computers, tablets and sales in its services department. Among those expecting stronger holiday sales Tuesday was Abercrombie & Fitch, which continues to see a sales renaissance. The trendy apparel chain now expects holiday quarter sales growth of 5% to 7%, ahead of the 4.8% growth that analysts had expected, CNBC reported. It also lifted its sales growth guidance for the full year.

Persons: Corie Barry, ” Barry, it's Organizations: U.S, GOP, Republicans, Conference Board, Abercrombie, Fitch, CNBC, New York Stock Exchange, Philadelphia Federal Reserve Locations: Burlington, U.S

☆ A key U.S. inflation report looms over Wall Street. How to trade it
▼ + stars: | 2024-11-26 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +4 min

The October personal consumption expenditures price index report has many investors wondering how it may impact the postelection market rally. "It definitely threatens the dynamic of the market broadening because it jeopardizes the speed at which the Fed drops interest rates," Lee told CNBC. "Right now, the markets are pricing out interest rates one by one. Bill Baruch, president of Blue Line Futures, sees opportunities in the currency and bond markets if core PCE rate reaches 3%. "This PCE report and the expectation for a December cut are going to create quite a bit of volatility in fixed income," Ethridge told CNBC.

Persons: Dow Jones, William Lee, Lee, Jimmy Lee, Victoria Greene, Greene, Bill Baruch, Baruch, Malcolm Ethridge, Ethridge, Goldman Sachs, Russell Organizations: Core PCE, Milken Institute, CNBC, Traders, Wealth Consulting, Nvidia, Meta, Microsoft, Wealth, Blue, Capital Area Planning, U.S . Bancorp Locations: financials

☆ Fed officials see interest rate cuts ahead, but only 'gradually,' meeting minutes show
▼ + stars: | 2024-11-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace, according to minutes from the November meeting released Tuesday. In addition, they expressed uncertainty over where the rate cuts would need to stop before the Fed hit a "neutral" interest rate that neither boosts nor restrains growth. Conflicting signals on inflation and the uncertainty over Trump's policies have caused traders to scale back their outlook for interest rate cuts ahead. Officials indicated that the state of the labor market is generally solid. "Participants generally noted … that there was no sign of rapid deterioration in labor market conditions, with layoffs remaining low," the minutes said.

Persons: FOMC, Donald Trump's Organizations: Federal, Market, stoke, Republican, Fed

☆ Barclays lifts price target on S&P 500 to 6,600, sees index rallying 10% in 2025
▼ + stars: | 2024-11-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Barclays sees more upside in store for the broad market in 2025. Equity strategist Venu Krishna lifted the firm's price target on the S & P 500 to 6,600 from 6,500, citing expectations for U.S. technology "exceptionalism" and a "virtuous cycle between income and consumption." .SPX YTD mountain Shares this year The new target from the firm reflects 10% upside from Monday's close and 10% upside from the firm's revised 6,000 current year-end price target. The S & P 500 has surged 25.5% since the start of the year. The firm also lifted its earnings per share estimates for the index to $271 from $268, suggesting nearly 12% year-over-year growth.

Persons: Venu Krishna, Krishna Organizations: Barclays, Big Tech

☆ Nordstrom tops Wall Street’s earnings expectations, as shoppers buy more clothes and shoes
▼ + stars: | 2024-11-26 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

Nordstrom on Tuesday beat Wall Street's quarterly sales expectations, as revenue grew about 4% year over year from shoppers buying clothing, shoes and activewear at both the company's namesake department store and its off-price chain. Compared with the second quarter, women's apparel, shoes and men's apparel sales in the fiscal third quarter also grew sequentially. Comparable sales increased 4% across Nordstrom's two brands, its namesake and its off-price chain, Nordstrom Rack. That easily topped analysts' expectations for 0.7% gains in comparable sales, according to StreetAccount. Nordstrom's sales growth, while modest, is notable at a time when sales of discretionary merchandise and the luxury category have been under pressure.

Persons: Nordstrom, Erik Nordstorm, we're, we'll, we've, Erik Nordstrom, Peter Nordstrom Organizations: LSEG, Nordstrom, Retailers, Walmart, El Puerto de Liverpool Locations: Chicago , Illinois, Seattle, Mexican, El Puerto

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