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☆ No other sector has more on the line in this election than energy. How to play it
▼ + stars: | 2024-10-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +7 min

The Invesco Solar ETF (TAN) and the iShares Global Clean Energy ETF (ICLN) have tumbled more than 9% and 10%, respectively. While Trump's platform says he wants to unleash production from all sources, the document specifically calls out oil, gas and nuclear. How voters perceive the two candidates' energy policies could end up playing an influential role in the outcome of the election altogether. While the election will bring short-term volatility, the solar industry remains well positioned for long-term growth, according to Bank of America. About 25% of oil and 10% of natural gas production is on federal land and waters, according to the bank.

Persons: Donald Trump, Kamala Harris, Harris, fracking, Barack Obama, Trump, Steve Fleishman, Roger Read, Read, Biden, Morgan Stanley Organizations: Trump, Republican, Green New, Clean Energy, Bank of America, Keystone State, GOP, Republicans, Democratic, Wolfe Research, Wells, Wells Fargo Securities . Oil, Biden, CNBC, Exxon, Chevron Locations: Wisconsin , Michigan, Pennsylvania, China, Trump, Wells Fargo, U.S, New Mexico, Gulf of Mexico, Alaska, Iran, Tehran

☆ 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

☆ Target releases its cheapest-ever Thanksgiving meal deal
▼ + stars: | 2024-10-28 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Target is lowering the price of its Thanksgiving meal bundle, adding to the roughly 8,000 products that have been discounted as it attempts to attract inflation-weary shoppers during the holiday season. Target is the latest major retailer to chop the price of its Thanksgiving meal bundle, joining Aldi and Walmart in a holiday price war. Sam’s Club last week announced a Member’s Mark Thanksgiving meal, which feeds up to 10 people for under $100, made up of the warehouse club’s private label products and is delivered already cooked. Food price inflation has moderated substantially during the past year, Consumer Price Index data shows. Gomez said Target customers are buying in bulk to save money, or purchasing smaller items that have cheaper prices compared to their full-sized counterpart.

Persons: Rick Gomez, Dr, Michael Swanson, Gomez, ”, “ Organizations: New, New York CNN, Target, CNN, Aldi, Walmart, Sam’s, of Labor Statistics, Food Institute Locations: New York, Wells

☆ Five Below, Walmart and the other retail stocks that are the most vulnerable to Trump's tariffs
▼ + stars: | 2024-10-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Analyst Ike Boruchow and the bank's consumer team found the tariffs proposed by the Republican nominee are likely a significant challenge for retailers. High tariffs would be the latest hit after what has already been a tough year, with shares of the value-focused retailer diving 59% in 2024. Target is an even larger retailer that Wells Fargo is concerned will suffer from high tariffs enacted in a second Trump term. After this monster run, the average analyst only foresees further upside of about 2.5% for Walmart over the next year, the LSEG survey says. Still, the majority of analysts are unwilling to abandon the nation's largest retailer and hold buy ratings on Arkansas-based Walmart.

Persons: Donald Trump, Ike Boruchow, Trump, Boruchow, Wells, SPX Organizations: White, Republican, Wall, Trump, Walmart Locations: Wells, China, Minneapolis, Arkansas

☆ The biggest pressing market questions with two months to go in rewarding year
▼ + stars: | 2024-10-26 | by ( Michael Santoli | ) www.cnbc.com time to read: +10 min

And how should investors be thinking about future equity returns as the bull market enters its third year riding stellar multi-year performance and facing demanding valuations? So, expansionary policies that would quicken the economy's metabolism and produce more inflation was exactly what the market craved then – but now? Right now, the S & P 500 is up 42% from 18 months ago and fetches 22-times expected earnings. No reliable augurs of a coming bear market are in evidence: S & P up 10 of 11 months, making a new high in September, credit spreads resolutely narrow, all point to an upside bias over a span of months, at least. .SPX YTD mountain S & P 500, YTD Which leaves the question of just how much upside, if any, a bull should reasonably expect from here.

Persons: Warren Pies, Pat Tschosik, Ned Davis, Donald Trump, payrolls, Harris, Goldman Sachs, Goldman Organizations: Federal Reserve, Treasury, Fed, 3Fourteen Research, Trump, Ned, Ned Davis Research, Dow, Leuthold, quicken, Wall Locations: U.S, China, Wells

Today, 33-year-old Sweeney is a licensed funeral director and mortician in Warren, Minnesota, earning just over $87,000 per year. "I really don't fear death," he says, coming from what he describes as a "death-positive" family. The average pay for a funeral director is about $100,000, according to the Economic Research Institute. Sweeney's sense of community goes beyond his funeral director duties. In his role as a funeral director, Sweeney emphasizes the importance of allowing families to participate meaningfully during the funeral.

Persons: Victor M, Sweeney, Sweeney's, —, Ben Brewer, It's, Thomas Lynch, Sweeney engraves, I've, it's, Sweeney Organizations: CNBC, North Dakota State University, University of Minnesota, Economic Research Institute Locations: Warren , Minnesota, Detroit, Bismarck , North Dakota, Fargo, Canadian, Minnesota, U.S, Everyone's

☆ What investors are watching Friday: Emerging markets and a top AI stock
▼ + stars: | 2024-10-25 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +3 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. A bullish take on emerging markets and insight into an artificial intelligence company were also discussed. CEO Alan Trefler appeared on "Worldwide Exchange" to discuss outlook for the future of his business. Eyeing emerging markets for opportunity Alan McKnight of Regions Bank is bullish emerging markets, citing the outperformance since the Fed rate cut in September but said China is a key factor.

Persons: Katrina Dudley, Franklin Templeton, Dudley, Wells, Alan Trefler, Alan McKnight, McKnight, it's Organizations: PRO, Worldwide, Federal Reserve, Verizon, Mobile, Citi, Regions Bank Locations: China, India, Brazil

☆ We're trimming a bank stock on tear since earnings, booking nearly a 100% profit
▼ + stars: | 2024-10-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

We're selling 100 shares of Wells Fargo at roughly $65 each. We're ringing the register on some Wells Fargo shares after a huge run since third-quarter earnings on Oct. 11. WFC YTD mountain Wells Fargo YTD Wells shares have been on a tear since the report, rallying from $57.75 to $65.50 — good for a gain of nearly 14%. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, YTD Wells, We're, Charlie Sharf, Jim Cramer, Jim Organizations: WFC, YTD, Fed, CNBC Locations: Wells Fargo, Wells

☆ These stocks reporting earnings next week have momentum on their side
▼ + stars: | 2024-10-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

A handful of companies reporting results in the upcoming week could see an earnings-powered boost. Megacap titans Microsoft , Amazon and Apple will headline the week, alongside other names within the travel, pharmaceuticals, energy and restaurant sectors. CNBC Pro screened FactSet for the companies reporting earnings next week that could receive a positive earnings surprise and see a jump in their shares. More than eight out of 10 of analysts covering Amazon view it as a buy, and the average price target suggests about 31% upside. Shares of Aptiv could rise another 29% from here, according to the average price target.

Persons: TD Cowen, Cowen, Andrew Kligerman, Aptiv, Wells, Colin Langan Organizations: Dow Jones, Megacap, Microsoft, Apple, CNBC, Insurance, MetLife, Bank of America, Citi, Amazon, Mastercard, Visa

☆ Watch CNBC's full interview with Wells Fargo's Colin Langan and RBC's Tom Narayan
▼ + stars: | 2024-10-24 | 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 EmailWatch CNBC's full interview with Wells Fargo's Colin Langan and RBC's Tom NarayanColin Langan, Wells Fargo analyst, and Tom Narayan, RBC Capital Markets analyst, join 'Squawk on the Street' to discuss each analyst's investment thesis on Tesla following its quarterly earnings results.

Persons: Wells Fargo's Colin Langan, Tom Narayan Colin Langan, Wells, Tom Narayan Organizations: RBC Capital Markets, Tesla Locations: Wells Fargo

☆ Tesla shares are soaring After EV maker's earnings report. What analysts are saying
▼ + stars: | 2024-10-24 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

TSLA YTD mountain Tesla stock in 2024. Jonas reiterated his overweight rating on Tesla stock, and his price target implies 45% upside. Wells Fargo, $125 per share price target Wells Fargo isn't a buyer after the strong results, citing high valuations. His neutral rating and $250 per share price target implies roughly 17% upside ahead. Barclays, $220 per share price target Barclays had positive takeaways from the report but reaffirmed that questions remain around Tesla's artificial intelligence and full self driving initiatives.

Persons: Elon Musk, Tesla, they're, Morgan Stanley, Morgan Stanley's Adam Jonas, Jonas, Wells, Colin Langan, Langan, Goldman Sachs, Mark Delaney, Delaney, Dan Levy, Levy, John Murphy, Murphy Organizations: FactSet, Tesla, Barclays, Bank of America Locations: Texas, California, Shanghai

☆ The economy is a priority for Americans as they head to the polls. Here's what's really going on behind the numbers.
▼ + stars: | 2024-10-24 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

But there are some weak points — like a growing federal debt load. There are a few less-rosy data points out there, like rising long-term unemployment and a historically high level of federal debt. Federal debt is high compared to GDP, even looking beyond the spike of the debt as a share of GDP during the pandemic. While federal debt as a share of GDP was slightly above 100% before the pandemic, recent figures are much higher than in the past. Federal debt was 120% of GDP in the second quarter of this year.

Persons: —, Kamala Harris, Donald Trump, Mark Hamrick, Kurt Reiman, Reiman, They're, aren't, Hamrick, There's, Biden Organizations: Service, The New York Times, Siena College, Pew Research, Associated Press, NORC, for Public Affairs Research, University of Michigan's, Consumers, UBS Global Wealth Management, Federal Reserve, MarketWatch Locations: America, Wells Fargo

☆ CNBC Daily Open: Treasury yields are making a return, like an uninvited ex
▼ + stars: | 2024-10-24 | 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. What you need to know todayThe bottom lineLike an unwelcome ex-partner who shows up during the most inopportune times and refuses to leave, Treasury yields too have made a return and are hogging the market limelight. It's not inconceivable, then, that the strong economy might prompt the Fed to slow down, or even hold back, its rate cuts. The stock market slumped as yields rebounded.

Persons: Brendan McDermid, Brent Schutte, Paul Hickey, Hickey, Wells, they'll, —, Jeff Cox, Lisa Kailai Han, Pia Singh, Brian Evans Organizations: New York Stock Exchange, Reuters, CNBC, U.S . Federal Reserve, Fed, Northwestern Mutual Wealth Management, Dow Jones Industrial, Nasdaq Locations: TY, New York City, U.S

☆ Here are Thursday's biggest analyst calls of the day: Tesla, Apple, Meta, IBM, Microsoft & more
▼ + stars: | 2024-10-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

Here are Thursday's biggest calls on Wall Street: KeyBanc downgrades Verizon to sector weight from overweight KeyBanc downgraded the telecom provider following earnings. Jefferies initiates California Resources at buy Jefferies says the energy company has a differentiated offering. " TD Cowen reiterates Microsoft as buy The firm recommended Microsoft heading into earnings next week. Bank of America reiterates Amazon as buy Bank of America touted Amazon ahead of earnings next week. Morgan Stanley reiterates Tesla as overweight The firm says it's sticking with top pick Tesla following earnings on Wednesday.

Persons: KeyBanc, Jefferies, Bernstein, ServiceNow, TD Cowen, Wells, Susquehanna, Lisa Su, SRE, Morgan Stanley, Tesla, Rosenblatt, Apple Organizations: Verizon, " Bank of America, IBM, Bank of America, CRC, Facebook, Google, Microsoft, Deutsche Bank, Deutsche, JPMorgan, NextEra Energy Partners, NextEra Energy, AMD, Sempra Energy Locations: California, Regions

☆ Here's Tesla's bull and bear case following its earnings stock pop
▼ + stars: | 2024-10-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's Tesla's bull and bear case following its earnings stock popColin Langan, Wells Fargo analyst, and Tom Narayan, RBC Capital Markets analyst, join 'Squawk on the Street' to discuss each analyst's investment thesis on Tesla following its quarterly earnings results.

Persons: Colin Langan, Wells, Tom Narayan Organizations: RBC Capital Markets, Tesla Locations: Wells Fargo

A man whom authorities named the “Penguin Bandit” was sentenced to more than 13 years in federal prison last week after robbing multiple banks in the Denver, Colorado area. The teller told Ruthstrom that he activated a “distress system” in the cash dispenser which gives out $400 in twenty-dollar bills and triggers a hold-up alarm. According to the complaint, Ruthstrom asked for more money, so the teller did this two more times and gave him a total of $1,200 before he left. The note from the Jan. 18 robbery demanded that the teller give over $10,000 in hundred and fifty dollar bills. Ruthstrom's robbery note from 2043 S. Colorado Blvd on Jan. 18.

Persons: ”, Samuel Richard Ruthstrom, District of Colorado Matt Kirsch, Ruthstrom’s, Ruthstrom, waddle, Jeep Organizations: Attorney, District of Colorado, Denver Police Department, Zing Credit Union, Colorado, United States, FBI Locations: Denver , Colorado, ”, Wells, Jan

☆ Here's why Goldman Sachs' gloomy 10-year stock market forecast is no reason panic
▼ + stars: | 2024-10-22 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The first line of the note reads: "We estimate the S & P 500 will deliver an annualized nominal total return of 3% during the next 10 years." For starters, nobody knows what the coming decade has in store for the S & P 500. Valuation: Yes, the S & P 500 is currently trading at a historically high multiple. Going out on a limb and making market calls or calls about individual stocks is not for the faint of heart. The S & P 500 has more than doubled since then, advancing about 135%, which amounts to that roughly 13% annual return that Kostin mentioned in his note.

Persons: David Kostin, Kostin, Goldman, it's, Jim Cramer, Stanley Black, Decker, That's, Jim, It's, Goldman Sachs, we're, Jim Cramer's, Brendan McDermid Organizations: Goldman, Goldman Sachs Chief U.S, Equity, Treasury, Nvidia, Federal Reserve, U.S, Jim Cramer's Charitable, CNBC, New York Stock Exchange Locations: Goldman Sachs, U.S, Wells

☆ Wall Street shifts focus back to Tesla's core auto business ahead of earnings as robotaxi hype fades
▼ + stars: | 2024-10-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

Some analysts expect Tesla's third-quarter earnings to signal a turning point, while others see more pain ahead. AdvertisementTesla will report third-quarter earnings results after the market close on Wednesday, and Wall Street will be hyper-focused on the company's core auto business. However, some analysts on Wall Street expect the upcoming third-quarter earnings print will be a sign that the worst is behind Tesla. Here's what Wall Street expects from Tesla's upcoming earnings report. But perhaps more important than vehicle deliveries for Wall Street is Tesla's profit margins.

Persons: —, Tesla, Dan Levy, Levy, Wells, Colin Langan, Langan, Dan Ives, Ives, Joel Levington, Levington Organizations: Service, Wall, Barclays, Tesla Energy, Tesla, Bloomberg Intelligence, Acura, Volvo Locations: Wells Fargo, Wells

☆ Bank stocks are trouncing the market in October on Trump optimism
▼ + stars: | 2024-10-21 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Bank stocks have outperformed in recent weeks as investors see an improved regulatory environment if former President Donald Trump returns to the White House, according to Bank of America. The Invesco KBW Bank ETF (KBWB) , which tracks the KBW Bank Index, has climbed more than 6% since the start of October. By comparison, the S & P 500 has added less than 2% during the same period. "A Republican win would likely be viewed most positive for bank stocks in terms of returning to balance the regulatory environment." Either a Trump win with a split government or a Republican sweep would be seen as bullish for this group of stocks, Poonawala said.

Persons: Donald Trump, Ebrahim Poonawala, Trump, Poonawala, Kamala Harris, Harris, October's Organizations: White, Bank of America, KBW Bank, Republican, Department of Justice, Consumer Financial Protection Bureau, Citigroup, TD Bank, New York Community, Trump . Bank, Trump, Justice Department Locations: Wells Fargo

☆ Big banks are bracing for losses as Americans struggle to pay off debt
▼ + stars: | 2024-10-21 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

American consumers and businesses are having a hard time paying off credit card, auto, and commercial real estate debt. Bank CEOs said on recent earnings calls that elevated prices and interest rates continue to weigh on Americans. According to Federal Reserve data, the past-due debt share for credit card, auto, and commercial real estate has recently risen to above pre-pandemic levels. That's because some loans are coming due — forcing businesses to refinance at much higher interest rates. The financial roller coaster of pandemic payments, whipsawing inflation, and high interest rates are especially affecting lower-income Americans.

Persons: —, Wells Fargo's, haven't, Bruce McClary, David Schiff, Schiff, Edmunds, Stephen Biggar, Biggar, Jane Fraser, Brian Moynihan, Charles Scharf, Wells, Jeremy Barnum, There's, I'm Organizations: Bank, Service, Federal Reserve, Business, Bank of America, JPMorgan, Citigroup, Bank of, New, Fed, National Foundation, Credit, Argus Research, Bank of America's Locations: Wells Fargo, delinquencies

☆ 3 signs that investors should expect the bull market to continue for a third year in 2025
▼ + stars: | 2024-10-20 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

The S&P 500 has enjoyed a bull market since October 2022, rising nearly 70%. AdvertisementThe stock market has been experiencing a bull market for the last two years. The Magnificent Seven drove much of the returns for the S&P 500 this year, contributing 34% of the index's total return. Analysts expect S&P 500 companies to report 4.2% profit growth for Q3. Ever since World War II, bull markets that have lasted two years continue onwards for a third.

Persons: LPL Financial's Quincy Crosby, —, Quincy Crosby, LPL, Crosby, JPMorgan Chase, Goldman Sachs, Wells, Jack Ablin, Jerome Powell, Buchbinder Organizations: Service, LPL, Federal, Bull, JPMorgan, Wells Fargo, Morningstar, Cresset Capital Management, Federal Reserve Locations: America

☆ Halloween could taste different this year thanks to soaring cocoa prices
▼ + stars: | 2024-10-20 | by ( Erika Tulfo | ) edition.cnn.com time to read: +5 min

That’s because cocoa prices have more than doubled since the start of the year and have remained at record highs, according to Wells Fargo data shared with CNN. The surging prices have caused grief for confectioners during prime chocolate sales seasons like Valentine’s Day and Easter. The company’s president, Michele Buck, said in a call in August with analysts that cocoa prices are “not sustainable,” and pointed toward higher prices. Though hope is on the horizon, experts project cocoa prices will remain high until at least September 2025. A customer shops for Halloween candy at a Walmart Supercenter on October 16, 2024 in Austin, Texas.

Persons: it’s, ”, David Branch, Francis Kokoroko, Reuters El, Michele Buck, Hershey, Joseph , Missouri Nick Ingram, Sally Lyons Wyatt, Mars, Brandon Bell, ” Lyons Wyatt Organizations: CNN, Wells, Food Institute, Reuters, International Cocoa Organization, Hershey, Walmart, Getty, ’ Association, NCA, “ Locations: Wells Fargo, West Africa, Osino, Eastern Region, Ghana, St, Joseph , Missouri, Austin , Texas

☆ The index fund cushion is an equal opportunity booster for stocks
▼ + stars: | 2024-10-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

S & P 500 money is oblivious to stock valuations of any kind and ignorant to upgrades and downgrades. The Lilliputian sellers regularly fail to do damage when matched with the oblivious index money. A 4% 2-year note isn't competitive to the magnet of the S & P 500 and its kin. That's emblematic of what happens with a big buyback without stock-based compensation (something many tech firms use that renders moot the S & P 500 inflows). Because of the way that the S & P 500 money is divvied up, the share base becomes overwhelmingly index-fund based and the index fund shareholders do not sell.

Persons: Morningstar, Smoot, Herbert Hoover's, Warren Buffett, Buffett, Jerome Powell, haven't, Charlie Scharf, Wells, Banks, Charlie, Morgan Stanley, Ted Pick, James Gorman, Schwab, Gamble, Jim Umpleby, that's, Butch Cassidy, Jim Cramer's, Jim Cramer, Jim, Charles Scharf, Kyle Grillot Organizations: Federal Reserve, Commerce Department, Taiwan Semi, Trust, Fed, Triple AAA Robinhood, Morgan, Procter, United Airlines, Exxon, Caterpillar, Boeing, Apple, Meta, Sundance, Jim Cramer's Charitable, CNBC, Milken Institute Global Conference, Bloomberg, Getty Locations: Hawley, McCumber, Taiwan, Arizona, American, Wells Fargo, Wells, China, Chevron, Beverly Hills, Calif

☆ I drove 3 hours at the crack of dawn on a workday to see Charli XCX for the third time in 4 months. It was worth it.
▼ + stars: | 2024-10-18 | by ( Zoe Woolrich | ) www.businessinsider.com time to read: +9 min

I've been a Charli XCX superfan for years and saw her when I was 14. I even signed into work from an outdoor art museum in upstate New York to see her last-minute Storm King set. AdvertisementIn 2017, Charli XCX opened for Halsey on her Hopeless Fountain Kingdom tour. But the Storm King show was my best experience yet, and well worth missing some work. A view of the crowd at Charli XCX's Storm King set.

Persons: I've, superfan, —, Charli XCX, Halsey, Charli, Iggy Azalea's, hadn't, King, Zoe Woolrich, tomorrow's, who'd, Julia Fox, Lorde, Troye Sivan's, Wells, Sivan, Storm King, Henry Redcliffe Charli XCX's, who's, I'm Organizations: Service, Storm King Art Center, Brooklyn Paramount, Wells, Arena, Madison, Storm, Storm King Locations: New York, Brooklyn, Philadelphia, Philly, Wells Fargo, Denver

☆ The commercial real estate recovery is on, but the rebound may be uneven
▼ + stars: | 2024-10-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Howard Schnapp | Newsday | Getty ImagesThe tide could be turning for commercial real estate. That could give interest rate-sensitive sectors such as commercial real estate long-awaited positive momentum. While lower rates are not a "magic bullet," the easing of the Fed's monetary policy "lays the groundwork for a commercial real estate recovery," analysts wrote in a follow-up report in late September. More than $40 billion in transactions occurred during the second quarter, a 13.9% jump quarter over quarter, but still 9.4% lower year over year, according to real estate data intelligence firm Altus Group. While these dynamics could set the stage for a broader recovery, with some major subsectors such as commercial retail real estate picking up in tandem, the path forward will likely be uneven.

Persons: Howard Schnapp, Alan Todd, Todd, Willy Walker, Walker, Dunlop, what's, Wells, Wells Fargo, —, Chad Littell, Littell Organizations: Newsday, Federal Reserve, Bank of America, CNBC, REIT, Real, Board, New York, U.S, Capital Locations: Melville , New York, Wells, U.S, Manhattan, Wells Fargo

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