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AI bull market likely to continue, says Bespoke's Paul Hickey
  + stars: | 2024-11-11 | 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 EmailAI bull market likely to continue, says Bespoke's Paul HickeyPaul Hickey, Bespoke co-founder and Dana D’Auria, Envestnet co-chief Investment Officer, join 'Closing Bell: Overtime' to discuss the market's reaction to the election results and earnings.
Persons: Bespoke's Paul Hickey Paul Hickey, Dana D’Auria, Envestnet
Check out the companies making headlines before the bell: Tesla — The electric vehicle stock popped 7% and looked poised to build on last week's 29% surge. Crypto stocks — Stocks tied to cryptocurrencies rallied, with bitcoin topping $82,000 and hitting fresh highs, as Wall Street continued to bet a Trump administration would be more favorable toward the crypto industry. Trump Media & Technology — Trump's social media stock rallied 8% as investors continued pouring money into stocks connected to the president-elect. Valley National Bank — Shares of the New Jersey-based regional bank gained about 3% on light volume after an upgrade to overweight from neutral by JPMorgan. The investment firm said Valley National is making progress on reducing its exposure to commercial real estate.
Persons: Elon, Donald Trump's, Stocks, cryptocurrencies, Trump, Coinbase, MicroStrategy, Cigna, RadNet, — CNBC's Michelle Fox, Jesse Pound, Pia Singh Organizations: bitcoin, Wall, Humana, GE HealthCare, Cisco —, JPMorgan, Cisco, Enterprise Networking, Trump Media & Technology, Bank, National, Cboe, Deutsche Bank Locations: New Jersey
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Adam Parker, Gabriela Santos, & Stephanie GuildAdam Parker, Trivariate Research founder and CEO; Gabriela Santos, JPMorgan Asset Management global asset strategist; and Stephanie Guild, Robinhood head of investment strategy, join CNBC's 'Closing Bell' to discuss market outlooks.
Persons: Adam Parker, Gabriela Santos, Stephanie Guild Adam Parker, Stephanie Guild, Robinhood, CNBC's Organizations: Trivariate Research, JPMorgan Asset Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan's Gabriela Santos: Next year's markets will be driven by policyAdam Parker, Trivariate Research founder and CEO; Gabriela Santos, JPMorgan Asset Management global asset strategist; and Stephanie Guild, Robinhood head of investment strategy, join CNBC's 'Closing Bell' to discuss market outlooks.
Persons: JPMorgan's Gabriela Santos, Adam Parker, Gabriela Santos, Stephanie Guild, Robinhood, CNBC's Organizations: Trivariate Research, JPMorgan Asset Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Bespoke's Paul Hickey and Envestnet's Dana D’AuriaPaul Hickey, Bespoke co-founder and Dana D’Auria, Envestnet co-chief Investment Officer, join 'Closing Bell: Overtime' to discuss the market's reaction to the election results and earnings.
Persons: Bespoke's Paul Hickey, Envestnet's Dana D’Auria Paul Hickey, Dana D’Auria, Envestnet
CNN —Dangerous wildfires are burning on the East and West coasts Monday, with firefighters in New York and New Jersey working to contain a deadly blaze spurred by an ongoing, historic drought – while strong winds in Southern California could fan a destructive fire in Ventura County. Nearly 600 wildfires have burned nearly 7,000 acres in New Jersey and New York since October 1, according to officials. Most of the fires were in New Jersey, where the state’s Forest Fire Service has responded to 537 wildfires. “We were fortunate that the fire started at 9 o’clock in the morning, with daylight,” said Jim Fryhoff, the sheriff of Ventura County. Agricultural officials assessing the impact on farmland planted with avocados, citrus, and berries have estimated the damage at $2.4 million, the Ventura County Star reported.
Persons: , Bill Donnelly, Daniel Vasquez, Jennings, Dariel Vasquez, Anthony DiCarlo, Vasquez “, , ” DiCarlo, Jeremy Oldroyd, Donnelly, ” Donnelly, Eric Adams, Adams, Dustin Gardner, he’s “, ” Gardner, Gardner, , Jim Fryhoff, Jamie Randall, ” Randall, Randall, Morin, Stan Jensen, Dawn DaMart, , ” DaMart, Korinne Bell, CNN’s Robert Shackelford, Eric Levenson Organizations: CNN, East, West, Flames, Cal Fire, York State Forest Ranger, New, New Jersey Forest Fire Service, Recreation, Ramapo High School, East Ramapo Titans, Rockland County’s, Fire Service, New Jersey Forest Fire, New York City, Homes, Ventura County Fire, Camarillo, KCBS, Ventura County Star, Star Locations: New York, New Jersey, Southern California, Ventura County, Ventura, Santa Barbara, York, Fire, Rockland County, , Jersey, , California, Camarillo , California, Camarillo
With the S & P 500 trading around record highs and hanging around 6,000, one Wall Street firm revised its year-end S & P 500 price target, expecting more gains before the end of the year. We use the S & P 500 Short Range Oscillator as our guide to when the market is overbought or oversold. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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, Dow, Donald Trump administration's, Morgan Stanley, Wells Fargo, Eaton, Trump's, Oppenheimer, Wells, Tyson, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Apple, Nvidia, Microsoft, Honeywell, BlackRock, Tyson Foods, AstraZeneca, Club, Disney, Jim Cramer's Charitable Locations: Dover, Wells Fargo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe U.S. economic tailwinds look to be very strong, says Apollo's Torsten SlokTorsten Slok, Apollo Global Management Chief Economist, joins 'Closing Bell: Overtime' to discuss the Fed, economy and his market outlook.
Persons: Apollo's Torsten Slok Torsten Slok Organizations: Apollo Global Management
Opening Bell: November 11, 2024
  + stars: | 2024-11-11 | 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 EmailOpening Bell: November 11, 2024Watch the opening bell for the New York Stock Exchange and the Nasdaq from November 11, 2024
Organizations: New York Stock Exchange, Nasdaq
In Watertown, New, York, a former Red Lobster is being converted to a Northern Credit Union bank. And Chick-fil-A is taking over a shuttered Red Lobster in Naples, Florida. Chains like Red Lobster and TGI Fridays filed for bankruptcy this year and closed more than 175 restaurants combined. Red Lobster was driven into bankruptcy by mismanagement under a previous owner, global shrimp supplier Thai Union, while TGI Fridays fell under private equity owner TriArtisan Capital Advisors. Empty booths fill the interior of a Red Lobster restaurant on May 20, 2024 in Austin, Texas.
Persons: Denny’s, Kelli Valade, , Jeff Kreshek, hasn’t, Chick, Elijah Nouvelage, Matt Larson, Chris Tomasso, Tomasso, Brandon Bell, Larson Organizations: New, New York CNN, LongHorn, Northern Credit Union, Vacant, Thai Union, TriArtisan Capital Advisors, Federal Realty, Watch, First, Getty, JCPenney, Nordstrom, Green Locations: New York, Woodbridge , Virginia, Watertown , New, York, Naples , Florida, Maryland, California, McDonough , Georgia, Chao, Bel Air , California, Franconia, Virgina, United States, Austin , Texas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRally is a mix of regulatory & tax relief, says Citi's Stuart KaiserStuart Kaiser, Citi head of equity trading strategy, joins CNBC's 'Closing Bell' to discuss his post-election playbook.
Persons: Citi's Stuart Kaiser Stuart Kaiser Organizations: Citi
In an instant, the impacts of her state’s restrictive laws on abortion care became clear: Had Bell been bleeding from a car accident or a burst appendix, doctors could help her right away. But because she was having a miscarriage in a hospital in Georgia, surgery had to wait. Several others restrict it to certain points in pregnancy, including Georgia, which limits abortion to the first six weeks of pregnancy. Bell’s pregnancy was at 18 weeks — too early for her fetus to survive outside the womb but well past Georgia’s limit. Doctors told Bell she’d have to wait, unless her condition grew worse: Georgia makes people wait 24 hours before they can have an abortion except in medical emergencies.
Persons: Avery Davis Bell, Bell, Dobbs, , Bell she’d, Avery Davis Bell Bell, , ” Bell, , ’ ” Bell, Brian Kemp, It’s, , Julian, he’d, , Bell’s, “ She’s, Avery Davis, “ It’s, CNN’s, Dr, Sarah Prager, Prager, we’re, There’s, hasn’t, Sanjay Gupta, What’s Organizations: CNN, Emory University Hospital, Republican Gov, , Gender Equity, US Centers for Disease Control, Commonwealth Fund, Harvard University, MIT, ” Emory University, Emory Healthcare, American College of Obstetricians, CNN Health Locations: Georgia, Boston, Atlanta, ” But Georgia, Texas, Emory, we’re
Over the summer, Florida’s Broward County Public Schools made the decision to ban students from using cellphones and other communication devices for the entire school day. It's a particularly sensitive topic in Broward County after the 2018 Parkland shooting at Marjory Stoneman Douglas High School, which is in the district. Carline Dumoulin, a mother of two students at Broward’s Cypress Bay High School, is one of those signatories. Broward County school board member Debra Hixon was present at the meeting where the rule was approved, but had left before the vote. Last year, a video of several students fighting at West Broward High School circulated online, gaining thousands of views on X.
Persons: “ I’ve, ” Dominique Mayorga, Marjory Stoneman, Instagram, Dumoulin, Marjory Stoneman Douglas, Rhona Wise, Lori Alhadeff, Alyssa, ” Alhadeff, , Alhadeff, , Ron DeSantis, Debra Hixon, Hixon, Chris, Allen Zeman, ” Zeman, Max Schachter, Alex, ” Schachter, Marjory Stone, Leo Jimenez, Jimenez, it’s, ” Jimenez, they’re, ” Hixon, who’s, Zeman, Mayorga, Marlena, she’s, ” Marlena, there’s Organizations: Florida’s Broward County Public Schools, Parkland, Marjory Stoneman Douglas High School, High, Getty, Broward, Florida Gov, West Broward High School, National, Progress, Marjory Stone Douglas High School Public, NBC News, Cooper City High School, Broward County Schools, South Broward High School, Orange County Public Schools, Broward County Public Locations: Florida’s Broward, Broward County, Cypress, Parkland, Fla, U.S, Indiana, Ohio, California, Florida, Orange, lunchrooms
Stock Chart Icon Stock chart icon Performance since Nov. 1 closeThe stock market reaction Wednesday to Republican Donald Trump's victory over Democrat Kamala Harris was swift and powerful, sending the Dow , the S&P 500 and the Nasdaq to all-time highs. For the week, consumer discretionary, energy, industrials, financials, and information technology were the top five sectors. Only time will tell how the balance of power will play out and whether it's good or bad for the stock market. Barring anything catastrophic, President Joe Biden and Vice President Harris will hand Trump the baton of a healthy economy with moderating inflation and a strong stock market. Stock Chart Icon Stock chart icon Disney YTDDisney reports before the bell Thursday, and its experiences business will be in focus as it has softened recently due to the recent hurricane activity that forced closures at Florida theme park locations and inflation-weary consumers.
Persons: Donald Trump, Jerome Powell, Drew Angerer, Republican Donald Trump's, Kamala Harris, Dow, Jim Cramer, Wells Fargo Morgan Stanley, Trump, Joe Biden, Harris, FactSet, Helene, Milton, we're, Disney's, Tyson, JD.com Organizations: Federal, White House, Republican, Dow, Nasdaq, Staples, Honeywell, White, Capitol, Republicans, NBC News, Trump, Depot, Disney, CPI, PPI, Home Depot, Summer, IAC, Hertz, Tyson Foods, TSN, AstraZeneca, Occidental Petroleum, Rocket Companies, Cisco, Parts Locations: Washington ,, financials, Washington, inflect, Florida, Paris
Tuesday Home Depot is set to report earnings in the premarket. What history shows: Data from Bespoke Investment Group shows Home Depot has beaten earnings expectations for 17 straight quarters. What history shows: Live Nation shares have risen after the last four earnings releases, per Bespoke. What history shows: Disney has not done well following the last two releases, losing 4.5% and 9.5%, respectively. Applied Materials is set to report earnings after the open.
Persons: LSEG, Michael Lasser, Morgan Stanley, Walt Disney, Michael Morris Organizations: Depot, Disney, CNBC, UBS, Home, Investment Group, Consumer, VanEck Semiconductor
The bells of Notre Dame tolled in Paris on Friday for the first time since the 2019 fire that threatened to destroy the Parisian landmark. Thomas Samson / AFP - Getty ImagesThe video accompanying Macron's post appeared to show the installation and ringing of some of Notre Dame's bells. Notre Dame will reopen its doors in one month, with ceremonies and celebrations planned to begin Dec. 7. The landmark also boasts three new bells, one of which rang at the Stade de France at the 2024 Paris Olympics and is inscribed with "Paris 2024." In total, there are 21 bells at Notre Dame, each of which is named for an important figure in the church.
Persons: Emmanuel Macron, Macron, Thomas Samson, Notre, Chiara, Carlos, , Notre Dame de Paris Organizations: Notre Dame, Notre, Dame Cathedral, Paris Olympic, Dame, Getty, Stade de France, Notre Dame de Locations: Notre, Paris, Europe
Fintech trades soar post election
  + stars: | 2024-11-08 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFintech trades soar post electionCNBC's MacKenzie Sigalos joins CNBC's 'Closing Bell' to discuss the surge in fintech stocks on the back of the election.
Persons: CNBC's MacKenzie Sigalos
Watch CNBC's full interview with Sunnova CEO John Berger
  + stars: | 2024-11-08 | 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 Sunnova CEO John BergerJohn Berger, Sunnova CEO, joins 'Closing Bell Overtime' to talk the impact of the upcoming Trump administration on solar energy.
Persons: John Berger John Berger, Trump
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
The US election showed shades of the meme stock mania of early 2021. Ron DeSantis' Presidential Announcement with Elon MuskSimilarly, in February 2021, Cuban thanked members of Reddit's WallStreetBets forum for "changing the game" and "taking on Wall Street." Wall Street traders watched the swings in election betting markets to assess the state of the presidential race and inform their investments, Malek added. Trump Media & Technology Group, the parent company of Truth Social which counts the president-elect as its majority shareholder, unites several of these ideas. AdvertisementThere are clear parallels between the meme stock mania of early 2021 and the social-media chatter and betting-platform activity going into the election.
Persons: Elon Musk, Mark Cuban, , Musk, Trump, Ron DeSantis, Cuban, Reddit's, dogecoin, Kamala Harris, It's, Neil Wilson, Keith, Gill, Young, Joe Rogan, Mark Malek, Siebert, Malek, Naeem Aslam, Tesla, Dan Coatsworth, AJ Bell Organizations: Service, GameStop, Florida Gov, Elon, Democratic, Trump, WSB, Wall Street, titans, Wall, Zaye, Markets, Trump Media & Technology Group, Truth, White Locations: America, Florida, Polymarket, WallStreetBets, . Washington
Trump Media & Technology Group — Shares of President-elect Donald Trump's media company fell another 4.6% in premarket trading following a 23% plunge in the previous session. The company saw $162 million in revenue, topping the consensus expectation for $150 million. Analysts polled by FactSet penciled in 43 cents in earnings per share and $1.91 billion in revenue. Affirm lost an adjusted 31 cents per share, narrower than the consensus forecast of 35 cents, according to LSEG. Bath & Body Works — The fragrance retailer slid 2.7% in the wake of a Barclays downgrade to underweight from equal weight.
Persons: Donald Trump's, platform's, DraftKings, Sweetgreen, LSEG, Toast, StreetAccount penciling, Versace, Michael Kors, FactSet, BioNTech, Goldman Sachs, Goldman, — CNBC's Sean Conlon, Yun Li, Pia Singh, Samantha Subin Organizations: Trump Media & Technology, LSEG, Arista Networks, Arista, Capri Holdings, Capri, Beverage, Revenue, Barclays Locations: LSEG, BioNTech —
Tesla and a handful of other so-called Trump trades led the market rally this week as investors welcomed the Republican's victory in the presidential election. Excluding stocks that reported earnings this week, some of the best performers were those viewed as tied to Donald Trump 's win. Trump trades can earn that title by being part of sectors such as financials or energy viewed as beneficiaries of his expected shifts away from regulation, among other things. CNBC screened for the Trump trade names that led the index higher this week and did not report earnings. The electric vehicle maker is one of the best-known Trump trades given CEO Elon Musk 's advocacy for the president-elect on the campaign trail.
Persons: Tesla, Donald Trump, Trump, Elon Musk, LSEG, John Murphy, Murphy, Elon Musk's, Baker Hughes Organizations: Trump, Monday, Federal Reserve, CNBC, Bank of America Locations: Texas
Eli Lilly: Shares of Eli Lilly are finally putting together back-to-back sessions of gains. Eli Lilly shares traded at $903 before the quarterly report, putting the post-earnings pullback at about 7%. 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. An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024.
Persons: Jim Cramer, Donald Trump's, aren't, Eli Lilly, Lilly, David Ricks, Wells, We've, Eli Lilly's, Tyson, Jim Cramer's, Jim, Shelby Knowles Organizations: CNBC, ., Treasury, Companies, Tech, Tesla, Arista Networks, Costco, United States, Disney, Tyson Foods, AstraZeneca, Spotify, Occidental, Cisco, Advance, Materials, Jim Cramer's Charitable, Bloomberg, Getty Locations: China, Wells Fargo, Brooklyn, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Cameron Dawson, Keith Lerner, & Sandra ChoKeith Lerner, Truist Wealth co-CIO and chief market strategist; Cameron Dawson, NewEdge Wealth CIO; and Sandra Cho, PointWealth Capital Management founder and president, join CNBC's 'Closing Bell' to discuss market expectations.
Persons: Cameron Dawson, Keith Lerner, Sandra Cho Keith Lerner, Sandra Cho, CNBC's Organizations: Truist, NewEdge, PointWealth Capital Management
Opening Bell: November 8, 2024
  + stars: | 2024-11-08 | 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 EmailOpening Bell: November 8, 2024Watch the opening bell for the New York Stock Exchange and the Nasdaq from November 8, 2024
Organizations: New York Stock Exchange, Nasdaq
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