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☆ While the Magnificent 7 stocks flounder, this forgotten growth name is breaking out
▼ + stars: | 2024-10-31 | by ( David Keller | ) www.cnbc.com time to read: +3 min

With the Magnificent 7 stocks floundering this week, and about 30% of the S & P 500 members breaking below their 50-day moving average in October, where can investors find emerging strength? The structure of the daily chart remains positive as long as Visa remains above the $290 price point, which now serves as potential support. The weekly RSI has remained above 40 during pullbacks in October 2023 and June 2024, demonstrating that the overall momentum picture remains bullish on the long-term time frame. Similar to the buy signal in November 2023, we see this as a sign of renewed bullish sentiment for Visa. And as long as Visa remains above moving average support, this payment processor could be headed to much further gains into early 2025.

Persons: David Keller Organizations: Visa, RSI, pullbacks, CMT, CNBC, NBC UNIVERSAL

☆ Super Micro's $50 billion stock collapse underscores risk of AI hype
▼ + stars: | 2024-10-31 | by ( Ari Levy | ) www.cnbc.com time to read: +7 min

Super Micro is one of the primary vendors for building out Nvidia-based clusters of servers for training and deploying AI models. Super Micro is now at risk of being delisted from the Nasdaq, and has until Nov. 16 to regain compliance with the stock exchange. Ernst & Young was new to the job, having just replaced Deloitte & Touche as Super Micro's accounting firm in March 2023. Since the S&P's announced index changes in March, Super Micro's stock has dropped at least 10% on six separate occasions. — CNBC's Rohan Goswami and Kif Leswing contributed to this report WATCH: Super Micro stock is a 'very risky buy'

Persons: Ernst & Young, Deloitte didn't, hasn't, P's, Dow Jones, Kevin Barry, Barry, —, Rohan Goswami, Kif Leswing Organizations: Computer Inc, Bloomberg, Getty, Micro, Nvidia, Ernst, Nasdaq, Mizuho, Deloitte, Touche, CNBC, Ernst & Young, Dell, SEC, Super, Hindenburg Research, Super Micro, U.S, U.S . Super, Whirlpool, P Global Locations: San Jose , California, U.S, That's, U.S .

☆ Cramer's Lightning Round: Essential Utilities is a 'terrific stock'
▼ + stars: | 2024-10-31 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon GE Aerospace's year-to-date stock performance. Stock Chart Icon Stock chart icon Stryker's year-to-date stock performance. Stock Chart Icon Stock chart icon Lantheus' year-to-date stock performance. Stock Chart Icon Stock chart icon Essential Utilities' year-to-date stock performance. Stock Chart Icon Stock chart icon Cava's year-to-date stock performance.

Persons: Stryker, It's, Lantheus Organizations: GE, GE Aerospace, Utilities Locations: Cava

☆ I've toured many colleges with my sons. I recommend visiting this one place on every campus to see if the school is the right fit.
▼ + stars: | 2024-10-31 | by ( ) www.businessinsider.com time to read: +4 min

We learned that visiting the dining hall is the best way to see if a kid will fit in on campus. AdvertisementAfter perfecting that college essay and building an impressive transcript, the college tour is the next step in choosing the best school for a student's continuing education. While some school narrowing is accomplished during applying, few students pick their future alma mater without ever stepping on a campus. No one is saying that the college dining hall resembles the Plastics ruling North Shore High School's seating chart. AdvertisementLooking around and finding people who share a common perspective can make the transition from high school to college smoother.

Persons: — Organizations: Service, US Naval Academy, North Shore, UFC

☆ Greatest player ever? After Shohei Ohtani’s first World Series title, there’s a ‘legitimate argument’
▼ + stars: | 2024-10-31 | by ( Rustin Dodd | ) www.nytimes.com time to read: +8 min

(I’m) extremely honored to be a part of this.”On the field, Ohtani’s first World Series had not gone quite to plan. “I think there’s a legitimate argument that he’s the greatest player to ever play the game,” Friedman said. The case is also historical: The World Series has been played for more than a century. And somewhere was Freddie Freeman, the World Series MVP and two-time champ. “Not just technically, but also my professionalism.”He was, at last, a World Series champion.

Persons: Shohei Ohtani, Takashi Harada, Hiroshi Sasaki, Sasaki, Harada, Ohtani, ”, ” Ohtani, Hanamake, Tommy John, Kendrick Lamar, Andrew Friedman, Mark Walter, Walter, Friedman, “, ” Friedman, ’, Kiyoshi Mio, Dave Roberts, Walker Buehler, Albert Pujols, Alex Rodriguez, Stan Musial, Yogi Berra, Mickey Mantle, Mike Schmidt, Roy Campanella, Jimmie Foxx, ” Roberts, Stan Kasten, “ We’re Jackie, Sandy, We’re Fernando, Mookie Betts, Freddie Freeman, Yoshinobu Yamamoto, Betts, Freeman, Roberts, “ I’ve, that’s, Mike Lawrence Organizations: Hanamake, High School, Nippon Professional Baseball, Los Angeles Angels, Dodgers, Los Angeles Dodgers, New York Yankees, Yankee, ” Dodgers, Major, Baseball, of Famers, Dodger Locations: Japan, Hanamake Higashi, Iwate Prefecture, Los Angeles, New York, Hanamake

☆ Google 'moving in a good direction': What analysts are saying after tech giant's strong earnings
▼ + stars: | 2024-10-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Major Wall Street banks remain bullish on Alphabet following the tech titan's strong third-quarter results . On Tuesday, Google's parent company reported earnings of $2.12 per share, while analysts polled by LSEG had predicted $1.85 per share. The company's revenue grew 15% year over year to $88.27 billion, more than the same quarter last year and the $86.30 billion analysts had anticipated. "We think shares could remain choppy as we work through the Search remedies, given the large impact zone, but performance in 3Q was solid." Meanwhile, Goldman Sachs' Eric Sheridan also commended the firm for its strong investment cycle, which includes investments into Google's Cloud infrastructure and more AI deployment through its application ecosystem.

Persons: LSEG, Goldman Sachs, Morgan Stanley, Ross Sandler, Doug Anmuth, Eric Sheridan Organizations: Barclays, Citi, JPMorgan, Bank of America, of America, Google, DOJ

☆ UK borrowing costs spike after extensive tax hikes announced in budget
▼ + stars: | 2024-10-30 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Maja Smiejkowska | ReutersLONDON — U.K. borrowing costs on Wednesday touched their highest level since Labour took office, after Finance Minister Rachel Reeves unveiled a vast package of tax hikes in her first budget. The yield had cooled to a 3 basis point rise to 4.35% by 4:00 p.m. U.K. time (12:00 p.m. The yield on 2-year bonds, which in the U.K. are known as gilts, were over 6 basis points higher at 4.33% after rising by as much as 10 basis points. The Treasury separately said it would raise gilt issuance by £22.2 billion ($28.9 billion) to £299.9 billion for the fiscal year to meet its net financing requirement. Those included the facts that many key policies had already been announced, and that any increase in borrowing would be to fund public investment.

Persons: Rachel Reeves, Maja Smiejkowska, Reeves, Liz Truss Organizations: Reuters LONDON, Labour, Treasury, Conservative Party, Bank of England Locations: London, Britain

☆ Ether is set to gain ground on bitcoin with charts indicating 20% upside from here
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: +3 min

With bitcoin approaching a major breakout attempt and new all-time highs, it continues to attract all of the attention and rightly so. While it may seem like ether has been out of favor for a considerable length of time, it's not anything different than we've seen before over the years. Overall, there have been five relative phases – with the other two being the times when ETH outperformed BTC. But we've seen it before. Every time is different, but we've now seen bitcoin and ETH leverage technical patterns for nearly a decade now.

Persons: we've, they've, Frank Cappelleri Organizations: ETH, BTC, CNBC, NBC UNIVERSAL Locations: ETH

☆ Reddit just won earnings season with huge pop. What analysts see from here
▼ + stars: | 2024-10-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Additionally, Reddit guided for fourth-quarter revenue of between $385 million and $400 million, while analysts had estimated an average of $357.9 million. Josey wrote that Reddit's continued user growth and engagement gains have boosted the company — and should continue to do so. JPMorgan analyst Doug Anmuth raised his price target to $110 from $77, while Bank of America analyst Justin Post lifted his target price to $99 from $84. These updated objectives respectively imply that Reddit stock could rise 35% and 21% from its Tuesday close. Shmulik's $85 price target, raised from $65, is just 4% higher than the stock's Tuesday closing price.

Persons: Reddit, LSEG, Ronald Josey, Josey, Reddit's, Morgan Stanley, Doug Anmuth, Justin Post, Brian Nowak's, Bernstein, Mark Shmulik, Shmulik, Jekyll, Hyde, that's Organizations: Citi, Bank of America, JPMorgan Locations: Reddit, Tuesday's

☆ Bernstein downgrades Boeing as labor strike weighs on outlook
▼ + stars: | 2024-10-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Shares of Boeing have slipped 41% this year, weighed down by a slew of headwinds including quality control issues and, most recently, a machinists strike. The strike began last month and was prolonged last week after the union rejected Boeing's latest labor proposal . BA YTD mountain Boeing YTD chart Harned expressed his doubt that Boeing would be able to pull off a recovery in the short term. The strike has also worsened Boeing's free cash flow outlook, which is now "materially worse" than Harned's prior estimates. The analyst sees about $4 billion in negative free cash flow for the fourth quarter and about $5 billion in negative free cash flow for 2025.

Persons: Bernstein, Douglas Harned, —, Kelly Ortberg, Harned Organizations: Boeing Locations: Tuesday's

Liam Payne's first posthumous single will be released on Friday, less than three weeks after the singer's death, the song's producer announced. "Do No Wrong" will arrive after Payne's sudden death in Argentina on Oct. 16. "I pray that this will be a blessing to the world like Liam has always dreamed. After the band went on hiatus in 2016, Payne debuted his first solo single, "Strip That Down" featuring Quavo, which reached No. He later released a solo album, "LP1," that debuted at No.

Persons: Liam Payne's, Liam, Sam Pounds, Ruth, Bear, ”, Ruth Gibbins, Pounds, Payne, Niall Horan, Zayn Malik, Harry Styles, Louis Tomlinson — Organizations: Argentina National Prosecutor’s Locations: Argentina

☆ What the charts are saying about the S&P 500 and Nvidia heading into the election
▼ + stars: | 2024-10-29 | by ( Todd Gordon | ) www.cnbc.com time to read: +5 min

There is uncertainty abound about the future direction of the stock market heading into what many say is the most important presidential election of our lifetimes. In the elevated volatility levels that began in late September heading into the election. The Cboe Volatility Index (VIX in black) trades with an inverse relationship to the S & P 500. As the S & P 500 goes lower, people become fearful as they buy put option protection pushing the general level of option prices (both puts and calls) higher. This creates the inverse relationship of VIX and S & P 500.

Persons: NVDA, we'll, we're, Todd Gordon, Gordon, Schwab Organizations: Nvidia, Google, Inside Edge, CNBC, NBC UNIVERSAL Locations: NVDA

☆ CNBC Daily Open: Stocks are entering the hottest period of the year
▼ + stars: | 2024-10-29 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 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. Trump accuses Taiwan of stealing businessFormer U.S. President Donald Trump accused Taiwan of stealing the country's chip business, he said on "The Joe Rogan Experience" podcast. Bernstein analyst Stacy Rasgon told CNBC the idea of Taiwan stealing the U.S.'s chip industry is "ridiculous." [PRO] Tech might be in trouble, chart showsThe bursting of the 2000 dot-com bubble was one of the worst moments ever for tech stocks.

Persons: Thomas Schäfer, Trump, Donald Trump, Joe Rogan, Bernstein, Stacy Rasgon Organizations: CNBC, Big Tech, Philips, Volkswagen, U.S, New York Stock Exchange, bourse, Intercontinental Exchange, Tech, Wolfe Research Locations: New York City, China, Germany, Taiwan

☆ Oracle announces new AI-powered electronic health record
▼ + stars: | 2024-10-29 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +4 min

Oracle's new offering could help boost its position within the fiercely competitive EHR market, where it has struggled to maintain its footing in recent years. It's almost like having your own resident," Seema Verma, executive vice president and general manager of Oracle Health and Life Sciences, told CNBC in an interview. Ideally, this will allow doctors to spend less time searching through records and more time caring for patients, Oracle said. An electronic health record, or an EHR, is a digital version of a patient's medical history that's updated by doctors and nurses over time. The new EHR has been in the works since Oracle acquired Cerner, but it was not built on top of Cerner's existing infrastructure, Verma said.

Persons: It's, Seema Verma, Oracle's, Oracle, it's, Verma, Uliyar Organizations: Oracle, Epic Systems, KLAS Research, Oracle Health, Life Sciences, CNBC

☆ Cramer's Lightning Round: CrowdStrike is a buy
▼ + stars: | 2024-10-29 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Intuitive Surgical's year-to-date stock performance. Stock Chart Icon Stock chart icon Kimco Realty's year-to-date stock performance. Stock Chart Icon Stock chart icon Nutanix's year-to-date stock performance. Stock Chart Icon Stock chart icon CrowdStrike's year-to-date stock performance. Stock Chart Icon Stock chart icon Rocket Lab's year-to-date stock performance.

Persons: Kimco, Jim Cramer's Organizations: Kimco

☆ A bearish bet on a stock whose chart is raising some red flags
▼ + stars: | 2024-10-29 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Two weeks ago, I had covered a trade on Alibaba using a very popular indicator called the MACD (Moving Average Convergence Divergence). Note that a bearish crossover is happening again for ACN indicating a loss in upward momentum. With a bearish outlook on ACN, I’m utilizing a strategy known as a "bear put spread" to potentially profit from a pullback. The trade This involves purchasing a put option with a higher strike price and simultaneously selling a put option with a slightly lower strike, creating a net debit position. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: it's, Nishant Pant Organizations: Accenture, CNBC, NBC UNIVERSAL

WASHINGTON — Vice President Kamala Harris’ campaign is seizing on racist comments made by an ally of Donald Trump this weekend about Puerto Ricans to launch a new digital ad targeting Latino voters that argues they “deserve better” than what the former president has to offer. Beyond Pennsylvania, there are sizable Puerto Rican populations in North Carolina, Wisconsin and Michigan as well, where the race could be determined by mere margins. The Trump campaign attempted to distance itself from the remarks and some high-profile Republicans quickly rebuked them. Before Trump's event, Harris had rolled out her economic proposals for the Puerto Rican community during stops in Philadelphia, including at one Puerto Rican restaurant. The Harris campaign posted a video summarizing the policy, which was later shared on Instagram by Puerto Rican superstars like Bad Bunny, Jennifer Lopez, Ricky Martin and Luis Fonzi.

Persons: WASHINGTON, Kamala Harris ’, Donald Trump, Tony Hinchcliffe, Harris, Puerto Rico ”, Hurricane Maria, “, ” Harris, Trump, Jennifer Lopez, Ricky Martin, Luis Fonzi Organizations: Puerto Ricans, YouTube, Hulu, NBC News ., El Nuevo Dia, Trump, Puerto, Puerto Rican Locations: Puerto, Puerto Rico, Trump’s, NBC News . Pennsylvania, U.S, Pennsylvania, North Carolina , Wisconsin, Michigan, El Nuevo, Puerto Rican, Philadelphia, Instagram

☆ It's getting easier for Americans to bet on the 2024 election
▼ + stars: | 2024-10-28 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Robinhood is the latest platform to allow traders to wager on the 2024 election. A recent federal court ruling opened the door to wider betting on US elections. For now, only the 2024 election contracts will be available. Until a September federal court ruling, betting on US elections was largely limited to a narrow set of academics and students. Related storiesCFTC Chairman Rostin Behnam has strongly opposed election betting, previously testifying to Congress that allowing such wagers would turn his agency into "an election cop."

Persons: Robinhood, —, Donald Trump, Rostin Behnam, Sen, JD Vance, Trump's, Theo Von's, Vance, we've Organizations: Service, Court, Commodity Futures Trading Commission, GOP Locations: New York

☆ Oil prices slide more than 4% after Israel's 'limited' attack on Iran seen as not disrupting supplies
▼ + stars: | 2024-10-28 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

View of Iran's oil industry installations in Mahshahr, Khuzestan province, southern Iran. Kaveh Kazemi | Getty ImagesOil prices will remain under pressure for the rest of this year, it may be difficult to see Brent crude oil prices reaching $80 in the foreseeable future. "With Israel deliberately, and perhaps with some American encouragement, avoiding the targeting of crude oil facilities, the oil market is back to looking at an oversupplied market," said Andy Lipow, president at Lipow Oil Associates. "Oil prices will remain under pressure for the rest of this year, it may be difficult to see Brent crude oil prices reaching $80 in the foreseeable future," Lipow told CNBC via email. Stock Chart Icon Stock chart icon Oil prices year-to-date

Persons: Kaveh Kazemi, Brent, Andy Lipow, Israel, Lipow, Saul Kavonic Organizations: Getty, Lipow, Citi, Lipow Oil Associates, CNBC Locations: Mahshahr, Khuzestan, Iran, Israel, Canada, Brazil, Argentina, Senegal

☆ Beware McDonald's, but these other restaurant stocks look attractive, says Katie Stockton
▼ + stars: | 2024-10-28 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: Jack, JACK, Katie Stockton Organizations: McDonald's Corp, Brands Inc, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities

☆ Cramer's Lightning Round: 'I would avoid QuantumScape'
▼ + stars: | 2024-10-28 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Lam Research's year-to-date stock performance. Stock Chart Icon Stock chart icon Suncor Energy's year-to-date stock performance. Stock Chart Icon Stock chart icon Oklo's year-to-date stock performance. Stock Chart Icon Stock chart icon QuantumScape's year-to-date stock performance. Stock Chart Icon Stock chart icon NetApp's year-to-date stock performance.

Persons: Lam, Suncor, I'm, Joby Organizations: Lam Research, Suncor, Joby

☆ Tech stocks could be in for a reckoning, this chart shows
▼ + stars: | 2024-10-28 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Since then, the XLK is down 6% relative to the broad market index. "The level it peaked at almost exactly coincides with where the Tech ETF peaked on a relative basis in 2000. Not exactly what you want to see if you're an investor putting new money to work within Tech," he wrote. The SMH closed Friday at $252.96, and the strategist expects the $233 level to be tested near term. "We still exercise some degree of caution when we view Technology stocks, as short term trends and near-term momentum appear to be stalling," O'Hara wrote.

Persons: Wolfe, Rob Ginsberg, Ginsberg, Roth MKM, JC O'Hara, O'Hara, Wells Organizations: Wolfe Research, Tech ETF, VanEck Semiconductor, Nasdaq, Dow Jones, Microsoft, Apple Locations: Wells Fargo

☆ Fact check: Trump repeats numerous false claims at Madison Square Garden rally
▼ + stars: | 2024-10-27 | by ( Daniel Dale | ) edition.cnn.com time to read: +8 min

CNN —Former President Donald Trump repeated a series of false claims, many of which have long been debunked, about immigration and other subjects in his speech at a Sunday evening rally at Madison Square Garden in New York City. Harris’ border role: Trump repeated these false claims about Vice President Kamala Harris: “She was the border czar. Migrants, cities and towns: Trump repeated his vow that, if elected, he would liberate every “city and town that has been invaded and conquered” by migrants. Trump and inflation: Trump falsely claimed that, when he was president, “we had no inflation.” Cumulative inflation during Trump’s presidency was about 8%. Trump’s border wall: The former president repeated his false claim that he “built 571 miles of wall” on the southern border.

Persons: Donald Trump, Trump, Biden, ”, —, Harris, Kamala Harris, ” Harris, Alejandro Mayorkas, Joe Biden, James Ott, ” Trump, “, it’s, ” Todd Harrison, Harrison, It’s Organizations: CNN, Madison, FEMA, White, Homeland, KDKA, Service, Trump, ISIS, Democratic National Convention, Capitol Police, Capitol, American Enterprise Institute, Air Force, Army, Navy, Marine Corps Locations: New York City, North Carolina, Georgia, Alabama, Tennessee, Florida, South Carolina, El Salvador, Guatemala, Honduras, United States, ”, Butler , Pennsylvania, Pennsylvania, Pittsburgh, Blair County , Pennsylvania, Russia, Germany, Russian, Michigan, Trump’s, That’s, U.S

☆ Cruise lines are having a moment as a popular — and cheaper — alternative to hotels
▼ + stars: | 2024-10-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

Royal Caribbean is set to release its quarterly results on Tuesday, followed by Norwegian Cruise Line Holdings ' report on Wednesday. That means the cruise lines may have more room to grow, she said. "The wider that gap, the better the opportunity for the cruise lines to have upside," Farley said in an interview with CNBC. However, Scholes said his research shows that out of the three major cruise lines, the Carnival brand is facing the most pricing competition from private cruise operator, MSC. Stock Chart Icon Stock chart icon Norwegian Cruise Lines stock year to date

Persons: Marco Bello, Patrick Scholes, Hilton, Christopher Nassetta, industry's, Brandt Montour, Montour, Josh Weinstein, CNBC's, Robin Farley, Farley, Truist's Scholes, Scholes, It's, Caribbean's Organizations: Port, Afp, Getty, CNBC, Wednesday, Barclays, Royal, Cruise Line Holdings, UBS, Orlando, Vegas, Royal Caribbean, Bloomberg, Royal Caribbean's, Citi, Cruise Lines Locations: Port of Miami, Miami , Florida, Caribbean, Royal Caribbean, 200bps, PortMiami, Norwegian

☆ A notorious market bear who called the 2000 and 2008 crashes shares 3 signs it's a terrible time to invest in the S&P 500 — and warns stocks are due to underperform Treasurys by 10% over the next 12 y
▼ + stars: | 2024-10-26 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

John Hussman warns of poor S&P 500 returns over the next 12 years. Current expectations have the S&P 500 underperforming Treasurys by 9.9% annually over the next 12 years. But valuations are causing skepticism about future market returns among others on Wall Street, even if not to the same degree. Related storiesEarlier this week, Goldman Sachs forecast that the S&P 500 would average 3% annual returns over the next decade. His Strategic Growth Fund is down about 55% since December 2010 and has fallen 16% in the past 12 months.

Persons: John Hussman, —, you'll, you'd, Hussman, Hussman's, it's, Goldman Sachs, It's Organizations: Treasurys, Service, Hussman Investment Trust

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