DIRS.INFO The most relevant business & tech news

☆ Why health care could be a winner heading into year-end
▼ + stars: | 2024-10-09 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Health care may be the answer, if history is any indication. The Health Care Select Sector SPDR Fund (XLV) has posted a November gain in eight of the last 10 years. Health care trades at a forward price-to-earnings ratio of 22.2, while the S & P 500 has a multiple of 24. The optimism around health care comes as the sector lags the broader market. Some health care names poised to do well, according to Krinsky, are Masimo and Viking Therapeutics .

Persons: What's, Jonathan Krinsky, Krinsky Organizations: iShares Biotechnology, Viking Therapeutics, Viking, Politan, Citi, UPS, Amazon Logistics, Walmart Locations: China

☆ Jim Cramer says Google would be 'a shell of its former self' if DOJ forces a breakup
▼ + stars: | 2024-10-09 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

CNBC's Jim Cramer on Wednesday criticized the Department of Justice's potential remedies in the Google search-monopoly case, arguing that, if they were implemented, the California tech giant would be "a shell of its former self." In early August, Judge Amit Mehta ruled that Google used illegal practices to maintain a monopoly in the internet search market. "This is devastating," Cramer said Wednesday on "Squawk on the Street," reacting to the DOJ filing. The stock has lagged the S & P 500 considerably since the monopoly ruling was handed down Aug. 5. Including Wednesday's intraday move, shares are down more than 3.5% compared with a nearly 8% gain for the S & P 500.

Persons: CNBC's Jim Cramer, Amit Mehta, Cramer, Lee, Anne Mulholland, It's Organizations: of, Google, U.S ., Trust, CNBC, Justice Department, Wall, Greyhound, Club Locations: California, U.S

☆ CNBC Daily Open: Stocks’ choppiness in October can be an opportunity
▼ + stars: | 2024-10-09 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Hasan Akbas | Anadolu | Getty ImagesThis 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. October, then, is truly living up to its reputation as the most volatile month for stocks. But investors should keep in mind the uncomfortable swings in markets aren't always a good signal for the underlying health of stocks. In fact, when stocks dip because of mild repricing or a correction, that's a good opportunity for investors to swoop in, according to Johnson.

Persons: SPX, Hasan Akbas, Robert Sluymer, Piper Sandler, Craig Johnson, Johnson, – CNBC's Hakyung Kim, Samantha Subin, Alex Harring Organizations: Anadolu, Getty, CNBC, Nasdaq, Nvidia, Palo Alto Networks, Meta, Dow Jones, RBC Wealth Management Locations: Alaska, United States, U.S, aren't

☆ CNBC Daily Open: Fear is the stock killer
▼ + stars: | 2024-10-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Michael M. Santiago | Getty ImagesThis 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. The yield curve inverted in early July 2022 and normalized in early September. It's not inconceivable, then, for investors who take stock in what the yield curve signals to panic a little. But there's an undercurrent of fear that can perhaps run contrary to what some of those numbers are saying.

Persons: Michael M, That's, Jeff Cox, It's, David Roche, Bob Parker, – CNBC's, Lisa Kailai Han, Jesse Pound Organizations: New York Stock Exchange, Santiago, CNBC, Quantum, International Capital Markets Locations: New York City, U.S

☆ Goldman says this market-beating bank stock has a lot further to run
▼ + stars: | 2024-10-08 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Goldman Sachs thinks that U.S.-traded shares of Barclays still have a long growth runway ahead, even after already beating the market so far in 2024. The firm initiated coverage of the banking stock with a buy rating and a 290 pence per share price target on Tuesday. Goldman analyst Chris Hallam forecasts that Barclays could grow its earnings per share twice as fast as peer firms through 2027, while a steep discount on the stock gives investors an attractive entry point. ""The Investment Bank [portion of Barclays' business] is at-scale but currently under-earning," Hallam said. Hallam noted Barclays stock currently trades at roughly six times its 12-month forward price-to-earnings ratio, compared to the wider group of banks covered by Goldman that trade at seven times forward P/E.

Persons: Goldman Sachs, Goldman, Chris Hallam, Hallam Organizations: Barclays, U.S, BCS, ADRs, Investment Locations: American, stoke, reallocation

☆ CNBC Daily Open: U.S. economy’s fine, but markets driven by fear
▼ + stars: | 2024-10-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Brendan McDermid | ReutersThis 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. Markets are back to contending with rising oil prices, inflation possibly reaccelerating, fewer-than-expected rate cuts and potentially even a distant recession. The yield curve inverted in early July 2022 and normalized in early September. It's not inconceivable, then, for investors who take stock in what the yield curve signals to panic a little.

Persons: IXIC, Brendan McDermid, That's, Jeff Cox, It's, David Roche, Bob Parker, – CNBC's, Lisa Kailai Han, Jesse Pound Organizations: New York Stock Exchange, Reuters, CNBC, Quantum, International Capital Markets Locations: U.S

☆ CNBC Daily Open: September’s shockingly good jobs report changes everything
▼ + stars: | 2024-10-07 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Angus Mordant | Bloomberg | Getty ImagesThis 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. What you need to know todayThe bottom lineOh, to be a fly on the wall when the U.S. Labor Department arrived at the final tally for September's jobs number. That's perhaps why stocks rose only tentatively on its release. For the week, S&P rose 0.22%, the Dow ticked up 0.09% and the Nasdaq increased 0.1% — a huge jump, considering it was down more than 1% at Thursday's close.

Persons: Angus Mordant, payrolls, David Royal, –, Jeff Cox, Alex Harring, Lisa Kailai Han Organizations: HK UBI, Bloomberg, Getty, CNBC, U.S . Labor Department, Dow Jones, Nasdaq, Dow, Labor Locations: Albany, Latham , New York, —, Thursday's

☆ Wells Fargo downgrades Amazon on slowing growth expectations, Walmart competition
▼ + stars: | 2024-10-07 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The good times for Amazon may be over for now, according to Wells Fargo. "Amazon is likely still a solid margin expansion story over the long term," he added. "But as Amazon management has said multiple times, margin expansion won't be linear. We, and market consensus, likely became a bit exuberant in our extrapolation of margin expansion trends in 2023 and early '24 to '25 and beyond forecasts." "In addition to cheaper fulfillment pricing than Amazon, Walmart can match Prime's shipping speeds.

Persons: Ken Gawrelski, Gawrelski, Amazon's Organizations: North America Retail, Amazon, Services, Walmart Locations: Wells Fargo, Friday's, SPX

☆ CNBC Daily Open: September’s blockbuster jobs report changes the calculus
▼ + stars: | 2024-10-07 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Paul Bersebach | Medianews Group | Getty ImagesThis 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. What you need to know todayThe bottom lineOh, to be a fly on the wall when the U.S. Labor Department arrived at the final tally for September's jobs number. That's perhaps why stocks rose only tentatively on its release. For the week, S&P rose 0.22%, the Dow ticked up 0.09% and the Nasdaq increased 0.1% — a huge jump, considering it was down more than 1% at Thursday's close.

Persons: SPX, Paul Bersebach, payrolls, David Royal, –, Jeff Cox, Alex Harring, Lisa Kailai Han Organizations: Medianews, Getty, CNBC, U.S . Labor Department, Dow Jones, Nasdaq, Dow, Labor Locations: Lake Forest , CA, —, Thursday's

☆ CNBC Daily Open: October’s gravity bringing stocks down
▼ + stars: | 2024-10-04 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Michael M. Santiago | Getty ImagesThis 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. But gravity is catching up with stocks in October, which tends to be a volatile month. If the number of jobs added comes in higher than expected, markets are likely to react well. With the jobs report out in about 12 hours, it's too late for second guessing, in any case.

Persons: Michael M, Dow Jones, David Kelly, Kelly, it's, –, Jeff Cox, Alex Harring, Pia Singh Organizations: New York Stock Exchange, Santiago, CNBC, Dow Jones Industrial, Nasdaq, Nvidia, Dow, U.S . Federal Reserve, Asset Management Locations: New York City

☆ CNBC Daily Open: Buffeted by Middle East, propelled by China
▼ + stars: | 2024-10-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Qilai Shen | Bloomberg | Getty ImagesThis 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. Headwinds blowing from Middle East might have been tempered by optimism in China. Lifted by Beijing's recent announcement of economic stimulus, Chinese stocks have been on a tear. That's caused U.S. exchange-traded funds that track Chinese stocks to rally, helping to keep the U.S. market afloat amid worries over the escalating Middle East conflict.

Persons: Qilai Shen, –, That's, Ryan Grabinski, CNBC's Hakyung Kim, Yun Li, Alex Harring, Samantha Subin Organizations: Bloomberg, Getty, CNBC, European Union, Dow Jones, Nasdaq, Strategas Securities Locations: Nanjing, Shanghai, China, U.S, Taiwan, India

☆ CNBC Daily Open: Headwinds from Middle East, tailwinds from China
▼ + stars: | 2024-10-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Persons: Qilai Shen, –, That's, Ryan Grabinski, CNBC's Hakyung Kim, Yun Li, Alex Harring, Samantha Subin Organizations: Chanel SA, Bloomberg, Getty, CNBC, European Union, Dow Jones, Nasdaq, Strategas Securities Locations: Nanjing, Shanghai, China, U.S, Taiwan, India

☆ Time to bail on the market's hottest sector? Some investors are starting to sell
▼ + stars: | 2024-10-03 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Utilities are having their best rally in decades , propelled by artificial intelligence enthusiasm and the prospect of lower interest rates, but some investors are cooling on the sector. Rate-sensitive utilities are now the best-performing sector in the S & P 500 in 2024, jumping more than 28%. The sector is on pace for its best year since 2000, when it climbed more than 50%. XLU XLK,.SPX YTD mountain Utilities versus tech and the S & P 500 in 2024 Utilities are viewed as an outsized beneficiary of lower borrowing costs due to their high capital requirements. For the time being, investors are still flocking to the names: Vistra and Constellation hit fresh all-time highs on Thursday.

Persons: XLU XLK, Jason Goepfert, Kathryn Rooney Vera Organizations: Vistra Corp, Constellation Energy

☆ The bull market is about to turn two. Here's what's needed for further gains ahead
▼ + stars: | 2024-10-03 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

This latest bull run has been strong, even by historical standards. The broad market index has also reached a record above 5,700 — with some on the Street expecting it to top 6,000 before year-end. The bull market will be two later this month. .SPX mountain 2022-09-30 SPX since Q4 2022 The first: "The disinflation that has defined the cyclical bull needs to remain in place," said Clissold. The second element needed for the bull run to carry on is a successful soft landing.

Persons: Ned Davis, Ed Clissold, Clissold Organizations: Ned Davis Research, Fed, JPMorgan

☆ CNBC Daily Open: Soft landing hit by minor turbulence
▼ + stars: | 2024-10-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Mark Felix | Afp | Getty ImagesThis 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. Port workers along the U.S. East Coast and Gulf Coast started striking Tuesday. It's just the first days of the port strike and flare-up in Middle East tensions, however. The best-case scenario would be that recent events are just minor turbulence on the way to a soft landing.

Persons: Mark Felix, Kathy Hochul, Adam Kamins, Christopher Ball, Piper Sandler, Campbell, It's, Steve Liesman, Jeff Cox, Fred Imbert, Lori Ann LaRocco, Sean Conlon, Alex Harring, Brian Evans Organizations: Afp, Getty, CNBC, U.S ., Gulf Coast, New, Moody's, Quinnipiac University, Nasdaq, Nvidia, Apple Locations: Seabrook , Texas, Port, U.S, U.S . East Coast, New York, New Jersey, Iran, Major U.S, East

☆ Stock market typically cools off in October following a really strong third quarter
▼ + stars: | 2024-10-02 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The stock market typically cools off in October following a really strong third quarter, but any weakness could prove to be a potential buying opportunity for year-end, according to Piper Sandler. On Tuesday, the first day of the month , the Dow Jones Industrial Average and the S & P 500 fell, while the Nasdaq Composite dropped more than 1%. Those losses come after the S & P 500 advanced 5.5% in the three months ended September. Since 1928, following the 34 instances when third-quarter returns were greater than 5%, the S & P 500 then slid 1% on average in October, the technician said. .SPX 1M mountain S & P 500 Many investors agree that the bias into year-end is to the upside, after some near-term seasonal weakness.

Persons: Piper Sandler, Stocks, Hurricane Helene spooked, Craig W, Johnson, Tom Lee, we've, Lee Organizations: Dow Jones Industrial, Nasdaq, Fundstrat Global Advisors Locations: U.S, Hurricane

☆ Chip company insiders sold a record $1.3 billion in stock during the third quarter
▼ + stars: | 2024-10-02 | by ( Nick Wells | ) www.cnbc.com time to read: +3 min

Chip insiders have stepped up their sales of company stock this year as AI-driven demand for processing power has propelled the sector's outperformance. Huang remains Nvidia's largest individual shareholder with around 3.5% of company shares outstanding, according to data from FactSet. In all, NVDA insiders disclosed around $960 million in stock sales during the third quarter, according to data collected by VerityData. Overall, 177 chip company insiders sold stock in the third quarter, down from a recent high of 245 in Q2 of 2024, according to the Washington Service. They sold a collective 12.7 million shares in Q3, a slight increase from Q2 but just below the 13.6 million shares sold in Q1.

Persons: Jensen Huang, Huang, Tench Coxe, Coxe, Hock Tan, Tan, Verity, Richard Wallace, Bren Higgins Organizations: Washington Service, Nvidia, VanEck Semiconductor, VerityData, Broadcom, YTD, KLA Corp, Texas Instruments, SEC Locations: FactSet

☆ CNBC Daily Open: Minor turbulence for the soft landing
▼ + stars: | 2024-10-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Kirk Side | Houston Chronicle | Getty ImagesThis 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. Port workers along the U.S. East Coast and Gulf Coast started striking Tuesday. Higher oil prices pose a risk to inflation resurging, or at least slowing less than everyone is hoping for. The best-case scenario would be that recent events are just minor turbulence on the way to a soft landing.

Persons: Seabrook . Kirk, Kathy Hochul, Adam Kamins, Christopher Ball, Piper Sandler, Campbell, It's, Steve Liesman, Jeff Cox, Fred Imbert, Lori Ann LaRocco, Sean Conlon, Alex Harring, Brian Evans Organizations: Houston Chronicle, CNBC, U.S ., Gulf Coast, New, Moody's, Quinnipiac University, Nasdaq, Nvidia, Apple Locations: Seabrook ., Port, U.S, U.S . East Coast, New York, New Jersey, Iran, Major U.S, East

☆ Wall Street heads into fourth quarter with historic momentum
▼ + stars: | 2024-10-01 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

The final three-month stretch of 2024 is here, and Wall Street is riding high. RBC head of derivatives strategy Amy Wu Silverman noted her clients are bracing for "3 standard-deviation drawdowns" in coming weeks. The VVIX gauges the volatility of the Cboe Volatility Index (VIX) itself — seen by many as Wall Street's preferred measurement of how much investor fear is in the market. That … is a very different narrative from the first six months of this year," Wu Silverman added. Elsewhere on Wall Street this morning, Pivotal Research Group initiated analyst coverage of Alphabet , the parent of Google and YouTube, with a buy rating.

Persons: Ryan Detrick, Dow, Amy Wu Silverman, Wu Silverman, CNBC's, Wall, GOOG, Jeffrey Wlodarczak Organizations: Investment, Carson Group, Dow Jones Industrial, Nasdaq, Federal Reserve, Fed, CNBC, RBC, Research Group, Google, YouTube Locations: China

☆ CNBC Daily Open: Shiny September days for stocks
▼ + stars: | 2024-09-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Brendan Mcdermid | ReutersThis 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. Stocks' defiant showing this September was helped by positive sentiment generated by the U.S. Federal Reserve's jumbo rate cut and upbeat economic data. Relatedly, the University of Michigan's consumer sentiment index for September rose to a better-than-forecast 70.1 from 67.9 in August. "Inflation continues to keep its head down, and while economic growth may be slowing, there's no indication it's falling off a cliff."

Persons: Brendan Mcdermid, Chris Larkin, Morgan Stanley, –, Jeff Cox, Brian Evans, Pia Singh Organizations: New York Stock Exchange, Reuters, CNBC, Nasdaq, Dow Jones, U.S, U.S . Federal, University of, U.S . Bureau, Atlanta Locations: U.S .

☆ CNBC Daily Open: Stocks are dancing in September
▼ + stars: | 2024-09-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Andrew Kelly | ReutersThis 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. Stocks' defiant showing this September was helped by positive sentiment generated by the U.S. Federal Reserve's jumbo rate cut and upbeat economic data. Relatedly, the University of Michigan's consumer sentiment index for September rose to a better-than-forecast 70.1 from 67.9 in August. "Inflation continues to keep its head down, and while economic growth may be slowing, there's no indication it's falling off a cliff."

Persons: Andrew Kelly, Chris Larkin, Morgan Stanley, –, Jeff Cox, Brian Evans, Pia Singh Organizations: New York Stock Exchange, Reuters, CNBC, Nasdaq, Dow Jones, U.S, U.S . Federal, University of, U.S . Bureau, Atlanta Locations: U.S .

☆ A world-champion quant trader with a 491% annual return shares an easy pattern that's profitable in 72% of test samples and can be manually executed
▼ + stars: | 2024-09-28 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

He's a quant fund manager who uses hundreds of models to execute trades across multiple assets. And he's good at what he does: in the 2023 World Cup Championship of Futures Trading, Scherman finished first with a 491.4% return, according to competition records. I was trading in the Argentina market," Scherman said. This is because a trader can't predict the next market regime and must prove that their thesis can survive changes. "I need to have the capital to recover from that loss," Scherman said.

Persons: Ivan Scherman, —, Scherman, hadn't, David Aronson, shouldn't, it's Organizations: Futures, Service, New York Stock Exchange, Chicago Mercantile Exchange, University of Buenos, Argentine Financial Markets Institute Locations: Buenos Aires, Argentina, University of Buenos Aires

☆ Bull market enters fourth quarter with just about everything going its way
▼ + stars: | 2024-09-28 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

Then there's the upside progress made in the third quarter without the leadership of super-cap tech – the equal-weighted S & P 500 is up nearly 9% since June 30 and the Nasdaq 100 up less than 2%. Goldman Sachs here plots the S & P 500 forward P/E at the time of each initial rate cut in a cycle. For sure, a breather would make sense for the broad market, with the S & P 500 up 11 of the past 15 days. In either case, it's a notable deviation from the story of placid strength being told by the S & P 500 itself. The median Wall Street strategist target for the S & P 500 is now well below the current index level, usually not something one sees at an ultimate market peak.

Persons: Scott Chronert, isn't, Goldman Sachs, it's, John Kolovos, Bitcoin's Organizations: Nasdaq, Citi, Fed Locations: China

☆ This old-line industrial stock is making a classic bearish-to-bullish reversal, says Carter Worth
▼ + stars: | 2024-09-27 | by ( Carter Braxton Worth | ) www.cnbc.com time to read: +2 min

Old-line hand tools manufacturer Stanley Black & Decker (SWK) , founded in 1843, is a fallen champion that's judged to be making a comeback. Its chart pattern qualifies as a "bearish-to-bullish" reversal buy. The chart pattern at present is judged to be a "bearish-to-bullish" reversal buy, with the completion of the bottoming-out process implying a move to the $130+/- level. -Carter Braxton Worth For actionable recommendations via email and live nightly videos become a member at worthcharting.com . BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Stanley Black, Decker, that's, SWK, Carter Braxton Worth Organizations: CNBC, NBC UNIVERSAL

☆ Wall Street braces for a turbulent October with jobs report on deck next week
▼ + stars: | 2024-09-27 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Both the Dow Jones Industrial Average and S & P 500 have broken out to new highs this month. BTIG chief market technician Jonathan Krinsky asked this week, referring to the S & P 500. The S & P 500 had risen more than 5%, while the tech-heavy Nasdaq Composite was higher by more than 1%. For the S & P 500, those levels represent declines of about 6% to 9%, as of Thursday's close. Initial Claims (09/28) 9:45 a.m. PMI Composite final (September) 9:45 a.m. S & P PMI Services SA final (September) 10 a.m.

Persons: Jonathan Krinsky, Dow, Adam Turnquist, LPL Financial's Turnquist, Jeff Hirsch, he's bullish, Hirsch wouldn't, Lamb Weston, Nonfarm Payrolls, —, Nick Wells Organizations: Federal, Dow Jones Industrial, Dow, CNBC, Nasdaq, LPL, Chicago PMI, Dallas Fed, PMI, Manufacturing, Nike, McCormick, ADP, PMI Services SA, Services PMI, Constellation Locations: Europe, U.S, Chicago

Search resuls for: "SPX"

25 mentions found