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Here's what needs to go right for Intel, the only US-based manufacturer of powerful chips. AdvertisementUS policymakers are still betting that Intel is the nation's best shot at manufacturing chips. Intel needs to balance the booksIntel plans to spin out its semiconductor manufacturing business into an independent subsidiary called Intel Foundry, separating the manufacturing process from its chip-design business. Not everyone is convinced that government intervention will help Intel get back on track in chip manufacturing. The report said they also discussed a potential merger between the company's chip design business and a competitor like AMD or Marvell.
Persons: , Dow, It's, they're, Alistair Barr, Stacy Rasgon, Patrick Moorhead, Moorhead, they've, Logan Purk, Edward Jones, Dan Morgan, Pat Gelsinger, Morgan, Rasgon, Daniel Newman, hasn't, Newman, Gina Raimondo, Donald, it's, Mark Warner, Semafor Organizations: Wall Street, Intel, Service, Dow Jones, Nvidia, Business, Qualcomm, AMD, Dow, Bernstein Research, TSMC, Intel Foundry, Synovus, Futurum Group, Act, Google, Microsoft, Apple, New York Times, Commerce Department, Sen, Marvell, Warner Locations: Taiwan, Washington
S&P 500 and Nasdaq 100 futures each also ticked down about 0.1% each. Monday's action comes amid a market upswing that began following last week's presidential election won by Donald Trump. The Dow gained more than 300 points to close higher than 44,000, while the S&P 500 finished the session just over 6,000. "It's a lot of what we saw back in 2016 when Trump won the election the first time." The release of data from these inflation gauges comes after the Fed last week announced another interest rate cut.
Persons: that's, Donald Trump, Russell, Larry Tentarelli, They'll, Christopher Waller, Neel Kashkari Organizations: Dow Jones Industrial, Nasdaq, Dow, Trump, Federal, Fed, Minneapolis Fed, Home
Trump allies are discussing deportation and detention options, with tackling the US-Mexico border seen as a priority from Day 1. But advocates fear deportation plans will soon reach deeper into American communities, targeting people who they say have a right to live here. Supporters of then-Republican presidential candidate Donald Trump gather outside Shelby Park in Eagle Pass, Texas, on February 29, 2024, the day Trump visits the U.S.-Mexico border at Eagle Pass. Kena Betancur/AFP/Getty ImagesIn the urban heart of New York City, where thousands of migrants and asylum seekers have stretched local resources, some houses of worship are preparing to shift their missions. But Murad Awawdeh, president of the New York Immigration Coalition, warned that sanctuary laws won’t stop federal immigration agencies from doing what they want.
Persons: Donald Trump’s, Donald Trump, , Juan Proaño, Lee Gelernt, ” Mary Meg McCarthy, ’ Cesar Espinosa, he’s, , Espinosa, Go Nakamura, Jorge Rivas ’, MAGA, Betty . Rivas, Shannon Douglass, Mario Tama, Betancur, Chloe Breyer, Trump, Eric Adams ’, Manuel Castro, Murad Awawdeh, ” Awawdeh, “ They’ve, Adrees Latif, Jose Luis Gonzalez, Jim Desmond, JD Vance, Desmond, ” Kenia, “ It’s, it’s, Los Angeles Mayor Karen Bass, , Guillermo Arias, Jose Luis Perez Canchola, ” Perez Canchola, Isabel Turcios, CNN’s Priscilla Alvarez Organizations: CNN — Immigrants, Trump, CNN, League, United Latin American Citizens, American Civil Liberties Union, Immigrant Justice Center, Republican, U.S, Reuters, Getty, Interfaith, of New, New York Immigration Coalition, Federal, Customs, Border Protection, Immigration, Department of Homeland Security, Reuters U.S . Border Patrol, San Diego, of Supervisors, Patrol, San Diego Regional Chamber of Commerce, University of Southern, Los Angeles Mayor, Los Angeles Unified School District, DHS, ONE Locations: Mexico, United States, , Shelby, Eagle Pass , Texas, Eagle, Catalina , Arizona, Tucson, El Salvador, California, Coachella , California, New York, Queens, AFP, New York City, of New York, , China, Turkey, Jacumba, Springs , California, Reuters U.S, Sunland Park , New Mexico, San Diego, San, San Diego County, Los Angeles, University of Southern California, LA county, Juventud, Tijuana, Baja California, Tijuana , Mexico, Piedras Negras, Mexican, Rio, Frontera
Now, in a full circle moment, the immigration hard-liner is leaving Fox and rejoining Trump as the president-elect prepares to take office again. Once Homan became a Fox contributor, he was a regular presence across the network’s morning and prime time shows. Once President Joe Biden took office, Homan became an outspoken critic of the Democratic administration. “I have been on this network for years complaining about this administration did to this border,” Homan said in Monday’s appearance. Homan will no longer be a Fox contributor, effective Monday, a network spokesperson confirmed to CNN.
Persons: Tom Homan, didn’t, Donald Trump’s, , , Fox, ” Homan, Homan, Trump, Obama, , Juliet Jeske, Jeske, Trump’s, ” Jeske, ” Trump, Friends ”, Lawrence Jones, Anthony Scaramucci, Richard Grenell, Heather Nauert, Morgan Ortagus, Bill Shine, Joe Biden, ” “, Brian Kilmeade, ” Kilmeade, Maria Bartiromo, It’ll Organizations: New, New York CNN, US Immigration, Customs, Fox News, Fox, Trump, “ Fox, Friends, Democratic, ” “ Fox, CNN, ICE Locations: New York
The S & P 500 surged 4.7% last week, its biggest weekly gain since November 2023. Now, some on Wall Street are worried the rally may soon cool off, at least in the near term. He noted that 27% of S & P 500 companies hit 52-week highs on Wednesday when stocks made an explosive move the day after the election. The S & P 500 closed Friday's session at 5,995.54 after briefly trading above 6,000 for the first time. Elsewhere on Wall Street this morning, Piper Sandler named Nvidia a top pick, calling for a gain of nearly 20%.
Persons: Donald Trump, Jonathan Krinsky, Krinsky, Scott Chronert, Piper Sandler Organizations: Dow Jones Industrial, Nasdaq, Citigroup, Nvidia
Timothy A. Clary | 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. What you need to know todayThe bottom lineWhen the numbers are this good, you've got to start with them. "Equities are eager to price in Trump's domestic growth policies," Barclays strategist Venu Krishna said in a note to clients. While the Trump rally has gotten off to a roaring good start, it remains to be seen when — and more importantly, how — it'll end.
Persons: Walter Lundon, Donald Trump, Timothy A, Clary, you've, Russell, Venu Krishna, Mislav Matejka, Neel Kashkari, Kashkari, — CNBC's Sean Conlon, Yun Li, Jesse Pound, Hakyung Kim Organizations: New York Stock Exchange, Getty, CNBC, Dow Jones, Nasdaq, Trump, Barclays, JPMorgan, Minneapolis Locations: New York City
CNN —It wasn’t just the Dallas Cowboys’ blowout loss to the Philadelphia Eagles that made headlines on Sunday. The sun caused a stir following the 34-6 loss to their divisional rivals to drop the team’s record to 3-6. Cowboys’ wide receiver Ceedee Lamb voiced support for curtains to be put up at the Cowboys’ home stadium - AT&T Stadium - to prevent sun glare from affecting play on the field. With the Cowboys down 7-3 In the second quarter, Lamb missed a potential three-yard touchdown pass from Cowboys quarterback Cooper Rush. Jones, who is also the team’s general manager, was then asked why not put curtains up to stop the glare.
Persons: Ceedee Lamb, Lamb, Cooper Rush, “ couldn’t, he’d, ” Lamb, Jerry Jones, Jones, ” Jones, “ Everybody’s, Organizations: CNN, Dallas Cowboys, Philadelphia Eagles, Cowboys, T, , The Cowboys, Houston Texans, Monday, Football
Charles was joined by Prince William and Princess Kate, who has slowly returned to public duties this year following treatment for cancer. The wreaths were adorned by poppies, a symbol of remembrance also worn on lapels by many across the U.K. in the lead-up to Remembrance Day. Poppies were a common sight on the battle-scarred lands of Europe during World War I. Princess Kate was also in attendance at Saturday evening’s Festival of Remembrance at the Royal Albert Hall, her first major public appearance since finishing chemotherapy. Both events form part of the United Kingdom’s Remembrance Day commemorations as the nation pays tribute to those whose lives were affected by World War I and remembers those who died.
Persons: Charles III, Keir Starmer, Kemi Badenoch, Charles, Prince William, Princess Kate, Catherine , Princess of, Camilla, King Charles, Toby Melville, John McCrae, Kate, Royal Albert Hall, Max Mumby, William, Tom Jones, Royal Albert Hall . Prince William, “ It’s, It’s, ” William Organizations: Commonwealth, , Carnegie Endowment, International Peace, Royal Albert, Royal Air Force, Services, Royal Albert Hall, NBC News ’, Sky News Locations: London, United Kingdom, British, Catherine , Princess of Wales, Europe, Belgium, France, Canadian, Flanders, NBC News ’ British, Cape Town , South Africa
After winning in Washington, the first game of a daunting second-half schedule, do the Pittsburgh Steelers belong in the Super Bowl conversation? Setting aside how they compare to the rest of the NFL in 2024, how do you feel this year’s edition compares to the Chiefs teams of the past two seasons? Good teams, remember, almost always get fortuitous bounces and kind calls. This Chiefs team is more balanced and more well-rounded. And so, although the delivery may differ, this Chiefs team is just as equipped to make a Super Bowl run as any of the previous iterations.
Persons: Daniels, Baker Mayfield, BAKER, J. W Organizations: Chiefs, Steelers, Falcons, Bucs, 49ers Locations: New Orleans
Traders work on the floor of the New York Stock Exchange during the morning trading on Nov. 7, 2024. Stock futures are near flat Sunday night as Wall Street looks to what's next after a post-election rally propelled the market to record highs. Futures tied to the Dow Jones Industrial Average added 19 points, trading slightly above breakeven. S&P 500 futures were also little changed, while Nasdaq 100 futures climbed 0.2%. Last week's rally was considered broad, with both the tech-heavy Nasdaq Composite and small cap-focused Russell 2000 also advancing.
Persons: what's, Russell, Donald Trump, Jerome Powell, Katie Nixon Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Dow, Traders, Trust, Ticketmaster
Since Trump's win, the market has already seen some major gains. Those sectors in particular had several winners in the rally following Trump's 2016 win , and analysts believe gains may likewise be in store this time around – especially for energy. Defense stocks could also see some gains, according to Barclays analyst David Strauss. That would be above the 14.2% rally the stock saw after Trump's first win from Nov. 7, 2016, until year's end. Among the 15 analysts covering it, 11 have a hold rating, while only two have a strong buy or buy rating.
Persons: Donald Trump's, Wells, Roger Read, David Strauss, Trump, Chris Caso, Trump's, Huntington Ingalls, it's Organizations: Dow Jones Industrial, Energy, Trump, Defense, Barclays, Semiconductor, Wolfe Research, CNBC Pro, ConocoPhillips Locations: industrials, China, Texas
CNN —Since President-elect Donald Trump’s political comeback on Tuesday, Brazil’s former President Jair Bolsonaro and his supporters have celebrated his victory as their own. In many ways, nowhere has Trump’s political strategy been more rigorously mirrored than in Brazil. At the Trump watch party in Mar-a-Lago on election night, Donald Trump Jr. posed for a photo with his Brazilian counterpart, former first son and congressman Eduardo Bolsonaro. Eduardo Bolsonaro, member of the Brazil Chamber of Deputies, speaks during the Conservative Political Action Conference at the National Harbor, in Oxon Hill, Maryland, on Feb. 24, 2024. Eduardo spearheaded the creation of CPAC Brasil, a Brazilian adaptation of the US Conservative Political Action Conference.
Persons: Donald Trump’s, Brazil’s, Jair Bolsonaro, Bolsonaro, Trump, Trump’s, “ Trump, Donald Trump Jr, Eduardo Bolsonaro, Eduardo, Steve Bannon, Matt Schlapp, Bannon, ” Bannon, , Marjorie Taylor Greene, George Santos, Nikolas Ferreira, Jose Luis Magana, María Elvira Salazar, Jason Miller, Luiz Inacio Lula da Silva, Evaristo Sa, , Ferreira, it’s, Trump “ Organizations: CNN, Trump, CNN Brasil, American Conservative Union, United Nations, Organization of American, Conservative Political, Brazil’s, Elon, US Conservative Political, Conservative - Liberal Institute, Congress, Getty Locations: Brazil, Mar, Lago, United States, , Organization of American States, Oxon Hill , Maryland, Florida, Brasil, Brasilia, AFP, Washington
“We take this type of targeting very seriously.”The FBI said it “is aware of the offensive and racist text messages sent to individuals around the country and is in contact with the Justice Department and other federal authorities on the matter,” according to a statement Thursday. At least some appear to have been sent through TextNow in what the company believes “is a widespread, coordinated attack,” it told CNN on Friday. Texts addressed recipients by nameScreenshots of the texts shared with CNN and appearing on social media show the racist messages addressed the recipients by name. Montgomery County Public Schools in Maryland said in a statement Thursday that some of its students received the racist texts. CNN affiliates have also reported instances of students receiving the racist texts in South Carolina, Massachusetts, Connecticut and Pennsylvania, among other states.
Persons: Derrick Johnson, ” Donald Trump’s, Karoline Leavitt, Orangeburg , South Carolina –, Jessica Rosenworcel, , , Liz Murrill, ” Murrill, Murrill, Cori Faklaris, ” Faklaris, Letitia James, ” Kenneth Gray, Alysa, Arleta McCall, ” McCall, Nimrod, ” Megan Shafer, , , Jackie Bradley, WISN, ” Bradley, Bradley, you’re, ” Talaya Jones, Talaya Jones, ” Jones, , Jim Crow, Johnson, Jones, Tasha Dunham, WCVB, wasn’t, ” Dunham Organizations: CNN, Federal, District of Columbia, NAACP, stoke, Black Colleges, Universities, Hampton University, Fisk University, Claflin University, Federal Communications Commission’s, FBI, Justice Department, & Safety, General’s, Louisiana Bureau, Investigation, University of North, Associated Press, New York, University of New, Montgomery County Public Schools, , University of Alabama, Missouri State University, Missouri NAACP, Lower, Lower Merion School District, Milwaukee, WISN Locations: New York, California, Hampton , Virginia, Nashville , Tennessee, Orangeburg , South Carolina, TextNow, Louisiana, Poland, Napoleonville , Louisiana, Washington , DC, Virginia , New Jersey , Illinois, Maryland, University of North Carolina, Charlotte, University of New Haven, Montgomery County, Missouri, South Carolina , Massachusetts , Connecticut, Pennsylvania, Lower Merion, Montgomery County , Pennsylvania, Piscataway , New Jersey, United States, Lodi , California, North Carolina
Winslet recounted that while she had previously executive produced a number of her projects, “Lee” was the first movie where she served as a full-on producer. That required her involvement from “beginning to end,” including when the film was scored in post-production. “I’m looking at this violinist and I thought, ‘I know that face!’” she said. Jonathan Evans-Jones as Wallace Hartley in 1997's "Titanic." CBS/Getty Images“It was that guy!” Winslet exclaimed this week, later adding, “it was just wonderful” to see him again.
Persons: Kate Winslet, , Graham Norton, “ Lee, Lee Miller, Winslet, “ Lee ”, Norton, , , nag, James Cameron’s, Jonathan Evans, Jones, Wallace Hartley, ” “ Lee ” Organizations: CNN, CBS, Getty Locations: London
Police are still searching for 43 monkeys that escaped from a research facility in South Carolina on Wednesday, as the head of the company revealed that the outbreak happened when a staff member failed to secure a door properly. Police in Yemassee, Beaufort County, confirmed Thursday night that the primates were in the wooded region surrounding the Alpha Genesis facility, in a rural area on the edge of Yamassee. Locals were urged to lock windows and doors and not to interact with the monkeys and instead call 911 immediately upon spotting any of the escaped primates. Alpha Genesis carries out medical research for a range of clients for several conditions, including brain disorders. Meanwhile, animal rights advocates have raised concerns over the ethics of using primates in medical research on such a scale.
Persons: Greg Westergaard, Alpha Genesis, Westergaard, didn't, Kathleen Conlee, Lisa Jones, Engel Organizations: Police, Alpha, Alpha Genesis, NBC, U.S . Department of Agriculture, Humane Society of, PETA Locations: South Carolina, Yemassee, Beaufort County, Yamassee, United States, Washington
Rashida Jones is paying tribute to an icon, culture shifter, genius and, most importantly, her late father, Quincy Jones. Quincy Jones, who worked with a slew of iconic singers like Frank Sinatra to Michael Jackson, died Sunday at 91. Days after the legendary music producer’s death, his 48-year-old daughter penned an emotional and heartfelt message about life with her dad. “All accurate descriptions of my father but his music (and ALL of his work) was a channel for his love. Your love lives forever.”Quincy Jones and Rashida Jones’ mom, Peggy Lipton, were married from 1974 to 1990.
Persons: Rashida Jones, Quincy, Quincy Jones, Frank Sinatra, Michael Jackson, , , ” Rashida Jones, “ I’ll, ” Quincy Jones, Peggy Lipton, Kidada Jones Organizations: Recreation Locations: Quincy Jones, Parks, “ Quincy,
CNN —A businessman was killed in an apparently targeted shooting at São Paulo’s international airport on Friday, CNN Brasil reports. A vehicle matching that description was later found abandoned near the airport, and investigators are determining if it was used in the attack, CNN Brasil added. In a statement, Sao Paulo’s Guarulhos Airport confirmed that police and medical teams were immediately alerted. Military police, civil police, and highway patrol responded to the scene, and the Homicide and Personal Protection Department of São Paulo is leading the investigation, according to CNN Brasil. The São Paulo Secretary of Public Security said authorities are investigating the circumstances surrounding the homicide.
Persons: Antônio Vinicius Gritzbach, CNN Brasil, São Paulo Organizations: CNN, São, CNN Brasil, Paulo’s Guarulhos Airport, Military, Protection Department, Public Security Locations: Paulo’s
Former U.S. President Donald Trump's victory over Vice President Kamala Harris in this week's election has raised questions about how Asia will be impacted. "When passed, the [tariffs] will sweep across Asia, particularly China [and] should spike volatility and compress multiples as uncertainty prevails." Even so, the analysts say the region is "more prepared than in 2016" and investment opportunities remain, especially given the weaker yen and stimulus in China. This will bring about "structural shifts in global supply chain ... [and] could boost infrastructure spending in ASEAN and South Asia," he added. The currency has fallen versus the dollar following Trump's win, hitting 154.7 per dollar on Wednesday — its weakest level since July 30.
Persons: Donald Trump's, Kamala Harris, India's, Hong, Tai Hui, Hui, Stocks, — CNBC's Lim Hui Jie Organizations: U.S, Trump, Macquarie Research, Nikkei, Dow Jones, Nasdaq, Morgan Asset Management, Congress, Mitsubishi Electric, Mitsubishi, Japanese pharma, Chugai Pharmaceutical, SK Hynix Locations: Asia, China, ASEAN, South Asia, U.S, Macquarie, Japan
The German balances punditry with his role as the commissioner of the European League of Football, a professional American football league founded in 2020 which has 18 teams split into three conferences. Paid options with increased coverage are now available through DAZN, the NFL League Pass, and RTL+. According to the NFL, there are approximately 19million fans in Germany, with 3.6m (18.9 per cent) following the NFL closely. The German Olympic Sports Confederation (DOSB) has 500 registered football teams with more than 70,000 members, according to sports marketing agency SPORTFIVE. There are 14 German players in the NFL Academy, based at Loughborough University in the United Kingdom.
Persons: Holt, ” Patrick Esume, Jürgen Kessler, Esume, ” Esume, Tom Brady, Sebastian Widmann, Daniel Jensen, ” Jensen, , Jakob Johnson, Marcel Dabo, Aaron Jones, Amon, Ra St, Brown, Gerrit Meier, Bjoern Werner, Markus Kuhn, Sebastian Vollmer, Duke Dennis, Ian Maule, Jensen, , Meech Robinson Organizations: American, NFL, Allianz Arena, New York Giants, Carolina Panthers, Frankfurt’s Deutsche Bank Park, RTL, Athletic, Sky Sports, ITV, , European League of Football, Getty, Hamburg Silver Eagles, Hamburg Blue Devils, Tampa Bay Buccaneers, Seattle Seahawks, Munich’s Allianz, Hamburg, NFL Europe, Bundesliga, Soccer, Bayern Munich, Bayer Leverkusen, Super, Kansas City Chiefs, Miami Dolphins, Sports Illustrated, Chiefs, New England Patriots, Dallas Cowboys, Pittsburgh Steelers, Patriots, Green Bay Packers, Giants, Indianapolis Colts, Minnesota Vikings, U.S . Army, Detroit Lions, Colts, Olympic Sports, SPORTFIVE, German Basketball Association, NBA, NFL Academy, Loughborough University, NCAA Division Locations: Germany, Europe, Munich, United Kingdom, American, U.S, DAZN, NFL Europe, German, Frankfurt, America, Mexico, “ St, Las Vegas, Los Angeles
Author Minda Harts said that stars like Issa Rae inspire her as she steps into Hollywood. Harts, whose debut novel was recently adapted into a short film, said that networking is key to her success. That book led to a short film adaptation, an upcoming psychological thriller about the workplace starring "The Proud Family" actor Kyla Pratt as Harts. Like Rae, Harts wants to diversify her portfolio. If we all can ask ourselves that in every part of the production process, then I think we'll have a more equitable Hollywood," Harts said.
Persons: Minda Harts, Issa Rae, Harts, it's, , Kyla Pratt, Rae, Marla Aufmuth, Valeisha Butterfield, Johnny Nunez, WireImage Harts, Dalvin Adams Harts, Reese Witherspoon, Witherspoon, Daisy Jones, She's, Reese Organizations: Hollywood, Service, YouTube, America, Seed Media, Arts Productions, Texas Conference, Women Locations: Vegas, Hollywood, Harts
Inflation data in the week ahead could determine whether a stock market that surged to all-time highs after Donald Trump 's decisive victory can continue to push higher. Meanwhile, the October producer price index, which excludes shelter, is set to have risen 0.3%, consensus estimates show, up from a 0.0% reading the prior month. Initial Claims (11/09) 8:30 a.m. Producer Price Index (October) Earnings: Applied Materials , Walt Disney Friday, Nov. 15 8:30 a.m. Export Price Index (October) 8:30 a.m. Import Price Index (October) 8:30 a.m.
Persons: Donald Trump, Hogan, We've, Nancy Tengler, Bitcoin, Harker, Tyson, Price Organizations: Federal Reserve, Riley Wealth Management, FactSet, Laffer, Investments, Trump, Dow Jones, Nasdaq, Atlanta Fed, Treasury, Philadelphia Reserve, Carnegie Mellon, Occidental Petroleum, Nation Entertainment, Tyson Foods, Mosaic, Treasury Budget NSA, Cisco Systems, Walt Disney, Price, Retail, Manufacturing Locations: China, U.S
On Friday morning, eight of the cathedral’s bells tolled for the first time since April 2019, according to Alexandre Gougeon, who managed their installation. “Hearing the bells ring this morning was very moving,” Gougeon told CNN, adding that the project to install the bells had taken a year and a half. Three new bells were also presented to the public and installed in the cathedral on Thursday. A worker installs the clapper onto "Marcel," one of the eight bells of Notre-Dame's north belfry in September. Ed Jones/AFP/Getty ImagesIn 2019, the 850-year-old building was engulfed by a devastating blaze, which burned for several hours.
Persons: Alexandre Gougeon, ” Gougeon, Notre Dame, , ” Tony Estanguet, , Olivier Ribadeau Dumas, Marcel, Ed Jones, Hubert Hitier, Emmanuel Macron, Philippe Jost, ” Jost Organizations: CNN, Notre, Dame, Paris, Stade de France, Notre Dame, BFM, Getty, UNESCO, Heritage, RTL, Locations: Paris, Notre, French, , AFP, Seine
Tinder cautioned investors it expected another drop in paying users in the fourth quarter. A Forbes Health survey this year reported 78% of Americans felt exhausted by dating apps. AdvertisementSingles aren't the only ones feeling the ache from dating app fatigue — Wall Street is too. AdvertisementDeflating investor energy around dating apps mirrors a national outcry of "swipe fatigue," following a decade of the apps' meteoric rise. As users grow frustrated with dating app fees and algorithms, new startup founders are entering the space.
Persons: Bumble, Tinder, , influencer Serena Kerrigan, Whitney Wolfe Herd, Lidiane Jones, Sitch Organizations: Forbes Health, Service, Match, Inc, Bloomberg's Technology Summit Locations: Geneva
These are the most overbought stocks after Trump's win this week
  + stars: | 2024-11-08 | by ( Pia Singh | In | ) www.cnbc.com   time to read: +4 min
Several software companies could be due for a pullback after the stock market's roaring rally this week, fueled by president-elect Donald Trump's election victory as well as robust quarterly earnings reports. Shares of video game makers Take-Two Interactive Software and Electronic Arts are two of the stocks that are technically overbought right now, according to the analysis. The most overbought stock this week was human capital management software company Dayforce, with an RSI of 92.4. But higher prices and expectations of normalizing pricing, which helped Coke guide its organic revenue growth this year to the high end of a prior forecast, could lead the stocks higher. Other oversold stocks include power generation company AES , as well as radio frequency equipment maker Qorvo and Regeneron Pharmaceuticals — the latter two of which were also oversold the previous week.
Persons: Donald Trump's, Trump, Morgan Stanley, Mills, Dr Pepper Organizations: Major, Dow Jones, Nasdaq, CNBC Pro, Companies, Electronic Arts, Software, Gilead Sciences, AES, Regeneron Pharmaceuticals Locations: Major U.S, Gilead
Andrew Caballero-Reynolds | 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. Powell, in yesterday's press conference, maintained that "the election will have no effect on our policy decisions." According to the futures market, just 30.4% of traders think the Fed will cut rates again in January. "By December, we'll have more data, I guess one more employer report, two more inflation reports and lots of other data," Powell said.
Persons: Jerome Powell, William McChesney Martin Jr, Andrew Caballero, Reynolds, Jim Reid, Trump, Scott Helfstein, Powell, we'll, that's, , Jeff Cox, Lisa Kailai Han, Hakyung Kim, Jesse Pound, Alex Harring Organizations: Federal Reserve, AFP, Getty, CNBC, Deutsche, Tech, Apple, Nvidia, Nasdaq, Dow Jones, Global, Congress, Fed Locations: Washington , DC
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