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☆ Stock futures rise slightly ahead of loaded week for tech earnings
▼ + stars: | 2024-07-28 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Stock futures rose modestly on Sunday evening as Wall Street gears up for a busy week of corporate earnings. S&P 500 futures gained 0.2%, while Nasdaq 100 futures added 0.3%. The move in futures comes after a volatile week in the stock market. This week's earnings slate will play a role in determining whether tech stocks can now bounce back. Another key event this week will be the Federal Reserve meeting, with the central bank set to release a new policy statement on Wednesday.

Persons: Russell, it's, Callie Cox Organizations: Dow Jones, Nasdaq, Dow, Ritholtz Wealth Management, Microsoft, Meta, Apple, Federal Reserve

☆ These stocks have strong earnings momentum heading into next week
▼ + stars: | 2024-07-26 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

CNBC Pro screened FactSet for companies in the broad-market index that are reporting quarterly results next week and could see potential upside. He also raised his target price by $10 to $230, implying shares could gain nearly 28% from Thursday's close. The analyst consensus price target on FactSet suggests shares could rise 11% over the next year, adding to the stock's 9% gain so far this year. Power management company Eaton , now regarded as an artificial intelligence-tied data center play , is also on the earnings docket next week. Other favored stocks that could see a post-earnings bump next week include Mastercard , MGM Resorts International and S & P Global .

Persons: Brian J, Pitz, Michael Rollins, Eaton, FactSet Organizations: Nasdaq, CNBC, BMO Capital, Google, Telecommunications, Mobile, Wednesday, Citi, Power, Mastercard, MGM Resorts International, P Global Locations: Thursday's

GLD 5Y mountain GLD The SPDR Gold Shares ETF is the world's largest, with BlackRock's iShares Gold Trust and iShares Physical Gold ETC the second and third, respectively. Other top physical gold ETFs include the Borse Commodities GmbH Xetra-Gold and the SPDR Gold MiniShares Trust . Gold mining ETFs Buying gold mining ETFs — which own shares of multiple gold mining companies — is another way to get exposure to gold, and Meyer described those backed by large banks as "relatively safe," in an email to CNBC. "Even though gold equities respond to changes in gold price, the degree of that response has deteriorated over time," he said, adding that the risks and costs of gold extraction can weigh on miners. A selection of gold bars and one-ounce gold coins at Gold Investments Ltd. bullion dealers in London, UK, on Tuesday, May 21, 2024.

Persons: Tom Price, Price, Berenberg, Robin Bhar, Amy Arnott, John Meyer, Colin Hamilton, BlackRock's, Meyer, Barrick Gold Panmure Liberum, George Milling, Stanley, they're, Morningstar's Arnott, Bhar, Chris Ratcliffe Organizations: CNBC, Panmure, Bank of America, Citi, UBS, Gold, Morningstar, SP, CNBC Pro, Royal Mint, BMO Capital Markets, Borse Commodities, MiniShares, Gold Miners ETF, Miners, Barrick, Resolute Mining, Hochschild, Caledonia Mining, Barrick Gold Panmure, Endeavour Mining, Endeavour, Pan, Resources, State Street Global Advisors, Gold Investments, Bloomberg, Getty Locations: Panmure Liberum, U.S . New York, United States, U.S, Hochschild Mining, Zimbabwe, London, West Africa, Berenberg

☆ Japan's Nikkei tumbles more than 2% as Asia-Pacific markets fall, tracking Wall Street sell-off
▼ + stars: | 2024-07-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets saw a sell off on Thursday, tracking losses on Wall Street as the S&P 500 and Nasdaq Composite saw their worst days since 2022. The broad market index lost 2.31%, closing at 5,427.13, while the tech-heavy Nasdaq slid 3.64% to end at 17,342.41. Meanwhile, Tesla shares declined 12.3% — their worst day since 2020 — on weaker-than-expected results and a 7% year-over-year drop in auto revenue. Over in Asia, investors will assess South Korea's advance second-quarter GDP numbers, which came in slightly below expectations. South Korea's GDP grew 2.3% year on year, lower than the 2.5% expected by economists polled by Reuters.

Persons: — Organizations: Nasdaq, Dow Jones, Tech, Nvidia, Meta, Reuters Locations: Seoul . Asia, Pacific, Asia

☆ How stocks perform historically on presidential election years — and why this year is different
▼ + stars: | 2024-07-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +5 min

As for sectors, financials has seen the highest average annual returns in presidential election years at about 11%. Comerica data shows health care gains just under 6% during presidential election years. The sector has also lagged the S & P 500 in two of the last three presidential election years. What's different this time The biggest difference between 2024 and other presidential election years is the S & P 500's massive year-to-date gains. Tech, for example, is up 25% in 2024, outperforming its historical averages for a presidential election year.

Persons: Donald Trump, Joe Biden, Biden, Kamala Harris —, Harris, John Lynch, Quincy Krosby, Consumer Staples, Comerica's Lynch, Lynch, Riley, Art Hogan, Hillary Clinton – Organizations: Democratic, Biden, Trump, CNBC, Comerica Wealth Management, Energy, Comerica, Technology, Tech, Health, Consumer, Riley Wealth Locations: Washington, Strategas

☆ These stocks set to report earnings next week have a record of beating expectations
▼ + stars: | 2024-07-25 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

A third of the S & P 500 companies are set to report earnings next week. As the busiest week of earnings season approaches, here are some companies that have historically posted a beat and rallied afterward. Amazon , Apple , Merck and Exxon Mobil are among the companies slated to release their quarterly results. With this in mind, Bespoke Investment Group screened for companies reporting next week whose quarterly earnings have managed to beat consensus analyst estimates at least 75% of the time. Additionally, the stocks in the screener all have gained on average 1.5% the day of or following their earnings release.

Persons: Oppenheimer, Meta's, Steve Madden Organizations: Apple, Merck, Exxon Mobil, Investment, Meta, Nasdaq, Mastercard, Bank of America Locations: China, Wednesday's

☆ Want to cash in on emerging markets? Buy these ETFs, portfolio manager says
▼ + stars: | 2024-07-25 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Interest in emerging markets has been growing and investors are now looking out for sectors and stocks best placed to benefit. "Emerging markets are too important to ignore," says Malcolm Dorson, a senior portfolio manager at the U.S.-headquartered Mirae Asset, which has around $600 billion in assets under management. "Emerging markets have a multi-decade story with significant opportunities. More than 4 billion people live across emerging markets, Dorson noted, adding that each country will have "significant domestic consumption stories [and] long-term opportunities." One of the simplest routes to investing in emerging markets is through exchange-traded funds.

Persons: Malcolm Dorson, Dorson, Javier, Milei Organizations: CNBC Pro, India Active, Global, India, Companies, Infosys, Reliance Industries, Tata Consultancy, U.S . Federal, Brazil Active, Brazil IMI, Argentina IMI, Fitch, IMI Locations: U.S, India, Brazil, Brazilian, FactSet, Argentina, American, Greece, Europe

☆ Stock futures rise slightly as investors prepare for Fed’s preferred inflation gauge: Live updates
▼ + stars: | 2024-07-25 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Stock futures rose modestly on Thursday evening as the major averages head for weekly losses and investors anticipated a reading of the Federal Reserve's preferred inflation gauge. Futures tied to the Dow Jones Industrial Average advanced 42 points, or just over 0.1%. S&P 500 futures and Nasdaq 100 futures climbed about 0.1% each. The activity seemed to be part of a broader rotation into small caps and more cyclical areas of the market. ET, traders will watch for the June reading of the personal consumption expenditures report, an inflation reading that's preferred by central bank policymakers.

Persons: Kamala Harris, Dexcom, Adam Turnquist, Dow, Dow Jones Organizations: New York Stock Exchange, Federal, Dow Jones Industrial, Nasdaq, Dow, Bristol Myers Squibb, Colgate, Palmolive, 3M Locations: New York City, Stock, Michigan

☆ Stock futures rise after S&P 500, Nasdaq post worst day since 2022: Live updates
▼ + stars: | 2024-07-24 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on July 24, 2024 in New York City. Stock futures rose Wednesday night after a sharp tech-driven sell-off dragged the Nasdaq Composite and the S&P 500 to their worst session since 2022. S&P 500 futures rose 0.2%, while Nasdaq 100 futures advanced 0.3%. In after-hours trading, Ford Motor shares tumbled about 10% after the company's second-quarter earnings came in much lower than analysts had expected. More than 25% of companies in the S&P 500 have reported their second-quarter earnings, according to FactSet data.

Persons: Chipotle, ServiceNow, Yung, Yu Ma, Ma Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Ford Motor, IBM, Nvidia, Microsoft, BMO Wealth Management, American Airlines, Northrop Grumman, Honeywell, Hasbro Locations: New York City, Stock

☆ China Unexpectedly Cuts Interest Rate as World Markets Sag
▼ + stars: | 2024-07-24 | by ( Keith Bradsher | More About Keith Bradsher | ) www.nytimes.com time to read: +1 min

China’s central bank on Thursday cut a key interest rate, in Beijing’s second move this week to try to offset a weakening economy and a housing market crisis. The unexpected action came as stock markets fell sharply across most of Asia in early trading, in an echo of Wall Street’s sharp drop the day before. Market indexes were down 1 to 3 percent in Australia, Japan, South Korea and Hong Kong. That could reflect a favorable response by investors to the central bank’s rate move, or a sign of intervention by the Chinese government, which plays an extensive role in the country’s stock markets. As markets opened in China on Thursday, the People’s Bank of China, the central bank, reduced its interest rate for one-year loans to commercial banks to 2.3 percent, from 2.5 percent.

Organizations: People’s Bank of China Locations: Asia, Australia, Japan, South Korea, Hong Kong, Shanghai, Shenzhen, China

☆ Nasdaq futures fall after Alphabet, Tesla report earnings: Live updates
▼ + stars: | 2024-07-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on July 22, 2024. Nasdaq stock futures traded lower Tuesday night after megacap tech companies Alphabet and Tesla reported their second-quarter results. Futures tied to the tech-heavy Nasdaq 100 moved down 0.5%, while S&P 500 futures fell 0.4%. Shares of Google parent company Alphabet fell 1.7% in extending trading. Although Alphabet reported a top and bottom line beat, Youtube advertising revenue fell below the consensus estimate.

Persons: Tesla, Dan Greenhaus, Greenhaus, I've Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, Google, Dow, Investors, Federal Reserve, Asset Management, Dynamics, Boston Locations: New York City

☆ BTIG says S&P 500 will be stuck in a range, but thinks these stocks can outperform
▼ + stars: | 2024-07-23 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The S & P 500 may be due for a pullback, but some individual names could be relative outperformers, according to BTIG. Last week, the S & P 500 dropped nearly 2% in its worst week since April as investors rotated out of megacap tech leaders and into smaller names. Jonathan Krinsky, chief market technician at BTIG, said in a Monday note that those choppy moves could continue from here. If we look at the calendar right now, that makes the most sense to us with a huge week on the macro and micro front next week," Krinsky wrote. "We think a consolidation this week in the 5450-5600 range is likely before the next meaningful move occurs," he said.

Persons: Jonathan Krinsky, Krinsky, Blackstone, AppFolio Organizations: Apollo Global Management, Blackstone, Garmin, Health, Globus Locations: BTIG

☆ The S&P 500 is up 16% on the year and may continue to rise—but avoid this 1 investing move
▼ + stars: | 2024-07-22 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

None of that sounds like it should bode very well for stocks, but the S&P 500, a measure of the broad U.S. stock market, has returned about 16% so far in 2024. This has been even the bull's dream of a year," says Ryan Detrick, chief market strategist at the Carson Group. Indeed, the likes of Microsoft, Nvidia, Amazon.com and Alphabet have all enjoyed returns over the past year that have vastly outgained the broad market. All 11 S&P 500 sectors sport positive returns year-to-date, with six featuring double-digit returns. That could "loosen up the gears" in what has been a stubborn housing market and should encourage business investment — both good signs for the broader market, he says.

Persons: bode, Ryan Detrick, You've, Christopher R, Jackson, you've, Detrick Organizations: Federal Reserve, Carson Group, Microsoft, Nvidia, UBS Wealth Management Locations: U.S

☆ Rolex resale prices will likely continue to fall — and that could make it easier to buy a new one
▼ + stars: | 2024-07-21 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Pre-owned Rolex prices have declined for more than two years as the resale market cools. Still, nearly two thirds of Rolex models are worth more on the secondary market than at retail. One big reason for the softening prices: there are a whole lot more watches available to buy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Morgan Stanley analyst Edouard Aubin said in a note that "it seems unlikely that secondary prices will stabilize in the near future."

Persons: —, Morgan Stanley, Edouard Aubin Organizations: Service, Business

☆ S&P 500 futures tick higher Sunday night after worst week since April: Live updates
▼ + stars: | 2024-07-21 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

S&P 500 futures inched up Sunday night after the broad market index suffered its worst weekly losses since April last week as investors rotated out of megacap technology stocks for smaller names. Since Biden's disastrous debate performance in June, many analysts were seeing an increasing likelihood of a win by former President Donald Trump in November. There may be a small unwinding of the Trump trade on Monday as Vice President Harris is perceived to have a slightly better chance of winning," Hatfield said. Traders have been pricing in nearly a 93% likelihood of the Federal Reserve cutting interest rates during its September meeting. During the previous trading week, the S&P 500 and Nasdaq Composite fell nearly 2% and 3.7%, respectively, marking their biggest weekly losses since April.

Persons: Joe Biden, Kamala Harris, Donald Trump, Jay Hatfield, Biden, Trump, Harris, Hatfield, Russell Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Traders, Democratic, Infrastructure Capital Advisors, Federal Reserve, Dow, Verizon

Index funds are a type of investment vehicle aiming to match the returns of a specific market index. "Index funds generally benefit an investor by providing diversification and relatively low fees compared to actively managed funds. Decide which index funds to invest inNow it's time to decide which index funds you want to invest in. "In this scenario, the investor would research the universe of index funds available and purchase the funds they'd like to own." Index fund investing FAQsHow do I buy an index fund on my own?

Persons: Warren Buffett, Julian Schubach, Louis, Ameritrade, Charles Schwab, you've, Schwab Organizations: Independence, Nasdaq, Nasdaq Stock Market Dow, NYSE, New York Stock Exchange, U.S, Federal Reserve Bank of St, Market, Fidelity, Vanguard, Chevron Locations: Chevron

☆ Earnings plus key reports on economic growth and inflation put the consumer in focus next week
▼ + stars: | 2024-07-19 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The consumer will be in focus next week as investors head into the thick of earnings season and await some major macroeconomic reports. So far, just 14% of S & P 500 companies have reported earnings results. As one strategist noted, Wall Street is about to get insight into the economy from more than half the broad market index. The thick of earnings Earnings season is off to a strong start. Credit card company Visa will be reporting next week after American Express' results this week suggested inflationary pressures have reached the higher-end consumer.

Persons: Russell, We're, Terry Sandven, Sherwin, Williams, Charles Ashley, Read, Ashley, We've, It's, Lockheed Martin, Kimberly, Clark, General, Philip Morris, Lamb Weston, Northrop, Rowe Price Organizations: Federal, Nvidia, U.S, Bank Asset Management, Nasdaq, Dow Jones, Whirlpool, Catalyst Funds, Visa, American Express, Google, Commerce, FactSet, Fed, Chicago, Verizon, Richmond Fed, Enphase Energy, Capital, Texas, Williams, Comcast, General Motors, United Parcel Service, Philip Morris International, GE Aerospace, PMI, O'Reilly, Grill, Business Machines, Vegas Sands, Ford Motor, Technology, NextEra Energy, GE, . Kansas City Fed Manufacturing, American Airlines, CBRE, Valero Energy, Hasbro, Tractor Supply, Northrop Grumman, Southwest Airlines, Honeywell International, Norfolk Southern, Rowe Price Group, Myers Squibb, Colgate, Palmolive Locations: —, Freeport, McMoRan, Vegas, . Kansas, Michigan, Bristol

☆ Ford Motor is among the most overbought stocks in the S&P 500 this week. Here are the others
▼ + stars: | 2024-07-19 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The S & P 500 has dropped nearly 2% for the week, putting the broad-market index on pace for its worst weekly performance since April. This market shift has pushed some S & P 500 stocks into overbought territory despite the index's decline. Against this backdrop, CNBC Pro screened for the most overbought and oversold names in the S & P 500 based on their 14-day relative strength index, or RSI. Take a look at some of the overbought names: Ford Motor made the overbought list, with the stock scoring an RSI of about 83.2. Other overbought stocks include S & P Global and Republic Services.

Persons: Russell, they've, Goldman Sachs, Pizza, Domino's, Charles Schwab, Wall Organizations: Nasdaq, Dow, Federal, CNBC Pro, Ford, Super Duty, Gen, Analysts, P Global, Republic Services, Walgreens Boots Alliance, Nike

☆ S&P 500 has upside to 6,150 as summer rally 'is getting healthier,' says Bank of America
▼ + stars: | 2024-07-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

The broadening market rally has Bank of America forecasting further upside for the S & P 500 . Strategist Stephen Suttmeier estimates the broad market index will reach 6,150, which is 8.5% higher than Tuesday's close. Suttmeier said the S & P 500's broadening market rally participation supports more upside potential to the 6,150 level. In addition, the strategist said the number of S & P 500 stocks trading above their 50-day and 200-day moving averages has improved to indicate stabilizing market breadth. .SPX YTD mountain S & P 500 in 2024 Suttmeier believes the iShares Russell 2000 ETF , which tracks the benchmark small-cap index, can break out to as high as 260.

Persons: Stephen Suttmeier, Russell, Suttmeier, —, Michael Bloom Organizations: Bank of America, NYSE, Dow Jones

☆ Investors to decide if the one-week rotation into small caps can last all summer
▼ + stars: | 2024-07-17 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

A week ago, investors were scoffing at the idea that small caps and value stocks might have a genuine summer rally. The S & P 500 Value ETF (IVE) , which holds stocks like Berkshire Hathaway , JP Morgan , Exxon Mobil and Johnson & Johnson , finally hit a new high after lagging the tech-dominated S & P 500 Growth ETF (IVW) for more than a year. This fund holds the entire stock market, minus the S & P 500. VXF 1M mountain Vanguard Extended Market ETF over the past month. This trend of buying small caps and value is clearly more than a one-day wonder: It's now a one-week wonder.

Persons: Berkshire Hathaway, JP Morgan, Johnson, Dave Nadig, Russell Organizations: Exxon Mobil, Johnson, Value, Opportunity Locations: Berkshire, United States

☆ Defense stocks historically benefited from Republican control. Analysts warn this may not be the case under Trump
▼ + stars: | 2024-07-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Defense has historically outperformed when there's been a single party in control across Congress and the executive branch — in particular, the Republican Party, according to Wells Fargo analyst Matthew Akers. However, Akers believes the defense sector may not benefit if there's a Republican sweep this election cycle. Another two years of low growth for both defense and non-defense looks likely to us," Akers wrote in a Tuesday note. The firm said a Trump presidency is positive for the defense sector. The firm cited the Republican Party's platform, which highlights a "strong military," restoring peace and "made in America" defense systems.

Persons: there's, Wells, Matthew Akers, Donald Trump, Joe Biden, Akers, Trump, TD Cowen Organizations: GOP, Defense, Republican Party, Democrat, Republican, NATO, Ukraine, Caucus, China, Boeing, " Aircraft, Akers, U.S . Aerospace & Defense ETF, ITA Locations: Wells Fargo, U.S, China, America

Several stocks due to report earnings this week could see large moves in the wake of those numbers. This week will see a larger group of corporate earnings, including streaming giant Netflix and chipmaker Taiwan Semiconductor . NFLX YTD mountain Netflix stock. Analysts polled by LSEG expect Netflix to report earnings per share growth of about 40%. The firm is set to report results for the fiscal third-quarter ended June 30 this coming Thursday.

Persons: Horton, D.R Organizations: Citigroup, JPMorgan Chase, Delta Air Lines, PepsiCo, Netflix, chipmaker Taiwan Semiconductor, CNBC, LSEG, Taiwan Semiconductor, Bank of America, United Airlines

☆ These kinds of businesses are driving a surge in US corporate bankruptcies
▼ + stars: | 2024-07-14 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

In the meantime, you can stay up to date on the latest business news with CNN’s Business Nightcap newsletter. Access to credit is especially crucial for small, private businesses that aren’t able raise money through financial markets. “There were a number of programs out there to support small businesses during the depths of the pandemic, and there were relatively fewer filings than usual in 2021 and 2022.”Rising corporate bankruptcies could just reflect a lot of churn occurring in Corporate America, Jamner said. Don’t panicMost banks offer free checking if, for instance, customers have their paycheck direct deposited or they maintain an average minimum balance, reports my colleague Jeanne Sahadi. Marianne Lake, the head of Chase Bank, told the Wall Street Journal last week that Chase might stop offering free checking and other free banking services.

Persons: It’s, ” “, Matt Rowe, Josh Jamner, Jamner, we’re, Reena Aggarwal, “, ”, Banks, Jeanne Sahadi, Marianne Lake, Chase, Jaret, Read, Goldman Sachs, Jerome Powell, Mary Daly, Morgan Stanley, Charles Schwab, Adriana Kugler, Johnson, Kinder Morgan, Tom Barkin, Lorie Logan, Michelle Bowman, John Williams, Raphael Bostic Organizations: CNN’s Business, Washington CNN —, P Global Market Intelligence, CNN, Federal Reserve Bank of Kansas, Nomura Capital Management, Consumer, Institute for Supply, P, ClearBridge Investments, ”, Corporate America, Federal, Fed, Georgetown University Psaros Center, Financial Markets, Chase Bank, Wall, TD Securities, BlackRock, San Francisco Fed, Bank of America, PNC, State, US Commerce Department, US Labor Department, National Association of Home Builders, Johnson, US Bancorp, Discover, Vegas Sands, Northern Trust, Citizens, United Airlines, National Statistics, Federal Reserve, Richmond Fed, Netflix, Novartis, Abbott Laboratories, Marsh, Blackstone, Infosys, Cintas, T Bank, Nokia, American Airlines, European Central Bank, American Express, Fifth Third Bancorp, AutoNation Locations: Federal Reserve Bank of Kansas City, Corporate, UnitedHealth, Wells Fargo, Vegas, Equifax, Northern, McLennan, Schlumberger, Haliburton

☆ A famed economist who called the 2008 recession shares 5 signs the US is on the brink of a downturn — all while the stock market shows concerning weakness beneath the surface of record highs
▼ + stars: | 2024-07-13 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

But don't bet on a soft landing outcome for the US economy as the Fed gets set to cut rates, says famed economist David Rosenberg. AdvertisementRosenberg ResearchRosenberg's downbeat views on the labor market come amid his skepticism about the impressive rallies in major stock-market indexes like the Nasdaq 100 and the S&P 500. Still, as Rosenberg points out, some say the Fed needs to act urgently as the labor market weakens. Waiting too long to lower interest rates to support the economy will only increase the odds of the job market breaking down." Rosenberg has been consistently bearish on the US economy in recent months, while the labor market has continued to prove him wrong.

Persons: —, David Rosenberg, Rosenberg, Merrill Lynch's, Eli Lilly, Russell, Neil Dutta, Dutta Organizations: Service, Fed, Rosenberg Research, Business, Bureau of Labor Statistics ', Survey, Nasdaq, Nvidia, Microsoft, Meta, Macro

☆ These stocks reporting next week have earnings momentum
▼ + stars: | 2024-07-12 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Next week brings big earnings reports from heavyweight financials and a couple other Wall Street favorites, some of which have strong forward earnings momentum ripe for investment. For the quarterly period, the estimated year-over-year earnings growth rate for the broad market index is 8.8%, according to FactSet. If that comes out as the actual growth rate for the quarter, it will be the highest year-over-year earnings growth rate reported by the index since the first quarter of 2022, which saw a 9.4% growth rate, FactSet said. Companies with strong earnings momentum often show revenue growth, improving margins or cost reductions, making the stocks look more attractive. Take a look at the stocks we found below: Netflix , which is set to report its results on Thursday, has strong earnings momentum, according to analysts.

Persons: FactSet, TD Cowen, John Blackledge, Kai, Morgan Stanley, — CNBC's Chris Hayes Organizations: CNBC Pro, CNBC, Netflix, Northern Trust, Fifth, Regions Financial, Trust, RBC Capital Markets, Federal Reserve, RBC, . United Airlines, United Airlines, Delta Air Lines, Delta, United Locations: Northern

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