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☆ CNBC's 'Halftime' traders mid-market debate on the Fed, seasonality and markets
▼ + stars: | 2023-09-08 | 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 EmailCNBC's 'Halftime' traders mid-market debate on the Fed, seasonality and marketsBryn Talkington, Steve Weiss, Shannon Saccocia and Jason Snipe join 'Halftime Report' to discuss the seasonally weak month of September and the Fed's next move.

Persons: Steve Weiss, Shannon Saccocia, Jason Snipe Organizations: Bryn

☆ Summit Materials to buy Cementos Argos' US unit in $3.2 bln deal
▼ + stars: | 2023-09-07 | by ( Ananta Agarwal | ) www.reuters.com time to read: +1 min

Cement silos of Colombian cement maker Argos are pictured at a plant in Bogota, Colombia May 14, 2019. REUTERS/Luisa Gonzalez Acquire Licensing RightsSept 7 (Reuters) - Summit Materials (SUM.N) said on Thursday it would buy the U.S. operations of Columbia's Cementos Argos (CCB.CN) for about $3.2 billion in cash and stock, in a deal that would make the combined entity the largest U.S.-based cement producer. Cementos Argos, the core unit of industrial conglomerate Grupo Argos (ARG.CN), will own a 31% stake in Summit and receive $1.2 billion in cash payments, subject to certain conditions. The deal, which is expected to close in the first half of 2024, could lead to annual cost savings of more than $100 million, Summit said. Shares of Summit Materials fell 7.92% in mid-day trading.

Persons: Luisa Gonzalez, Columbia's Cementos, Argos, Summit, Anne Noonan, Morgan Stanley, Ananta Agarwal, Savio D'Souza, Maju Samuel, Shweta Agarwal Organizations: REUTERS, Grupo Argos, Summit, BofA Securities, Thomson Locations: Argos, Bogota, Colombia, U.S, Mid, Atlantic, Texas, Summit

☆ CNBC Daily Open: Why did the unemployment rate rise even as jobs were added?
▼ + stars: | 2023-09-04 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. However, the unemployment rate jumped from 3.5% last month to 3.8%, the highest since February 2022. Combined with the downwardly revised figures for June and July, those are clear signs the U.S. jobs market is slowing. Winning week for marketsU.S. stocks cheered the moderate jobs report and mostly inched up Friday, giving major indexes their best week in months.

Persons: nonfarm payrolls, Elon Musk, Tesla, JPMorgan Chase, Jeffrey Epstein JPMorgan Chase, Jeffrey Epstein, Epstein, Mimi Liu Organizations: CNBC, U.S, JPMorgan, U.S . Treasury Department, U.S . Virgin Islands, Labor Day Locations: China, Virgin, U.S

☆ The Fed cares a lot about jobs data — but it may be getting mixed signals
▼ + stars: | 2023-09-04 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

The answer matters a lot to Federal Reserve officials who closely monitor the labor market. Some Fed officials believe more rate hikes are needed to cool the labor market. But the gap between ADP and BLS data does not automatically narrow when comparing ADP to BLS estimates of only private-sector jobs. Between the two, it’s difficult to say which is a better predictor of the true state of the labor market. Ultimately, ADP and BLS data “become checks on each other,” she told CNN.

Persons: It’s, ” Nela Richardson, Richardson, Sarah House, ”, Erica Groshen, Groshen, ” Richardson, House, “ Organizations: New, New York CNN, of Labor Statistics, ADP, BLS, Federal Reserve, Fed, CNN, Bureau of Labor Statistics, Cornell University Locations: New York, Wells Fargo, “, United States

☆ Morningstar: These are the 10 best undervalued stocks to buy now with the market rally stalling after sending valuations sky-high
▼ + stars: | 2023-09-03 | by ( Mark Reeth | ) www.businessinsider.com time to read: +2 min

The stock market rally has hit a wall, and stocks look expensive after their explosive climb. Investors searching for a good deal may want to look at Morningstar's list of best companies to own. Ever since the banking crisis in March and the announcement of Nvidia's first-quarter earnings, the market has been on a tear. She recently pored over Morningstar's list of the 131 best companies to own in search of undervalued stocks worth buying. From that list Dziubinski found the 10 most undervalued stocks right now, as outlined below.

Persons: Stocks, Nvidia's, hasn't, It's, Morningstar's Susan Dziubinski, Dziubinski Organizations: Investors Locations: China, Europe

☆ The stock market will hit record highs by the end of the year based on Goldilocks scenario, Bank of America says
▼ + stars: | 2023-09-02 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market could hit record highs before the end of the year, according to Bank of America. According to a Friday note from Bank of America's technical analyst Stephen Suttmeier, the S&P 500 is entering September in a promising middle ground. AdvertisementAdvertisementThe seasonality data also suggests that the August sell-off in the stock market was healthy and should have been welcomed by investors. That's because without the sell-off, the S&P 500 would have headed into September with a more than 20% year-to-date gain. Suttmeier found that the stock market is up only 45% of the time in September during this scenario, with an average gain of -0.67%.

Persons: BofA, Stephen Suttmeier, that's, Suttmeier, it's Organizations: Bank of America, Service, Bank of Locations: Wall, Silicon

☆ Stocks will try to keep momentum, but September seasonality and other headwinds await
▼ + stars: | 2023-09-01 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Stocks are looking to maintain momentum in the holiday-shortened week ahead even as Wall Street contends with a seasonally weak period for markets ahead of the Federal Reserve's September rate decision. Some technical indicators have investors hopeful the bullish momentum could continue in the week ahead. For example, the major indexes broke above their respective 50-day moving averages this past week — a sign of improving short-term momentum. Central bank policymakers convene for a two-day meeting starting Sept. 19 and announce their interest rate decision Sept. 20. Week ahead calendar All times are ET.

Persons: Sam Stovall, We've, Ryan Detrick, Quincy Krosby, CFRA, —, HSBC's Max Kettner, Savita Subramanian, John Luke Tyner, Carson Group's Detrick, Detrick, FactSet, Kroger Organizations: Dow Jones Industrial, Nasdaq, Wall, Dow, Carson Group, Fed, LPL, Bank of America, Aptus Capital Advisors, Labor, PMI, PMI Services, Consumer Credit Locations: U.S, CFRA, China

☆ Altcoin trading volume is off its first-half highs. Here's what it will take to get it back
▼ + stars: | 2023-09-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Altcoin trading is limping along, despite initially getting a boost from a key July court ruling that gave Ripple a partial victory over the Securities and Exchange Commission. However, this is not a strong enough narrative to take over the broader theme of deterioration in crypto market structure, said Park added. "This has serious implications for altcoin trading, as the shift in focus to alternatives like FDUSD or TUSD has created a bottleneck for pairs trading that is often how altcoin liquidity is gauged and accessed," he added. "At its peak, there were over 300 BUSD trading pairs and the number is steadily decreasing as BUSD is ceasing its operations." Wolfe Research's Rob Ginsberg noted this week that weak price action and low trading volume largely define the trading of altcoins in the current market.

Persons: —, Jeff Park, Glassnode, altcoins, Binance Launchpad, Stablecoins, CryptoQuant, Changpeng Zhao, Wolfe, Rob Ginsberg, Seasonality, Crypto, Dessislava Aubert, Michael Bloom Organizations: Securities and Exchange Commission, Bitwise Asset Management, SEC, Polygon, CNBC, Binance, BTC Locations: Solana, New York, BUSD's, altcoins, China

"This quarter puts Salesforce in a league of its own and isn't being appreciated nearly enough at these prices," Jim says. CRM YTD mountain Salesforce's year-to-date stock performance. That is likely why Salesforce stock traded at a valuation "well below" its peers, Smith argued at the time. For context, here's the full list of Salesforce peers included Starboard's presentation: Club holding Microsoft 's (MSFT) productivity and business processes segment, Adobe, Club holding Oracle (ORCL), Intuit (INTU), ServiceNow, Workday and SAP (SAP). Importantly, that $265 target is strictly the result of applying current average peer valuation to Salesforce's current growth/profit mix.

Persons: Marc Benioff, Jim Cramer, Jim, Salesforce, Jeff Smith —, Smith, Salesforce's, —, it's, Jim Cramer's, Patrick T Organizations: —, Club, ServiceNow, Adobe, Microsoft, Oracle, Intuit, SAP, CRM, CNBC, Salesforce.com Inc, Global Technology, Fallon, Bloomberg, Getty Locations: That's, TurboTax, Salesforce's, Laguna Beach , California, U.S

☆ The Fed’s preferred inflation measure stayed high in July — and consumers are continuing to spend
▼ + stars: | 2023-08-31 | by ( Alicia Wallace | ) edition.cnn.com time to read: +6 min

Minneapolis CNN —US inflation may have remained elevated in July, but consumers just wanted to have some fun. It’s the strongest monthly spending gain since January; however, underlying data indicates this type of activity may be on borrowed time. The Personal Consumption Expenditures index showed that prices increased 0.2% on a monthly basis and 3.3% annually. Economists were expecting monthly increases of 0.2% for the headline and core indexes and 3.3% and 4.2%, respectively, for the annual numbers. Even when adjusted for inflation, spending surged in July, rising by 0.6% from the month before.

Persons: ” Eugenio Alemán, Raymond James, “, ” Gregory Daco, EY, Jerome Powell, ” Powell, Wells, Shannon Seery, Wells Fargo, ” Seery, ” Daco, Powell, Jackson, ” Organizations: Minneapolis CNN, New Commerce Department, Federal, Commerce Department, Amazon’s, PCE, CNN, “, of Labor Statistics Locations: Minneapolis, Jackson Hole , Wyoming

☆ Evercore: A 'Wall of Worry' is threatening to send the economy into a recession. Here are the 3 warning signs to watch, and where to invest as the worst month for stocks begins.
▼ + stars: | 2023-08-31 | by ( Mark Reeth | ) www.businessinsider.com time to read: +6 min

September is the worst month for stocks, and right now the market rally looks weak. Julian Emanuel, a senior managing director at Evercore ISI, recently published a note for clients warning them of what may be ahead. But instead of celebration and buying, investors greeted the news with a shrug and a sell-off. Evercore ISIThere are two other warning signs Emanuel is keeping an eye on. Evercore ISIWith all that said, how should investors take advantage of the buying opportunity after the September doldrums fade away?

Persons: Evercore's Julian Emanuel, it's, Julian Emanuel, Emanuel doesn't, Emanuel, that's, he's, He's Organizations: Evercore ISI, Nvidia, Evercore, Bear, Vertiv Holdings, JPMorgan, Booking Holdings Locations: U.S, China, Europe

☆ Don't count on a drop in yields near-term as a market catalyst, says NewEdge's Cameron Dawson
▼ + stars: | 2023-08-29 | 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 EmailDon't count on a drop in yields near-term as a market catalyst, says NewEdge's Cameron DawsonCameron Dawson, NewEdge Wealth, joins 'Closing Bell' to discuss earnings, seasonality and the risk to the markets.

Persons: NewEdge's Cameron Dawson Cameron Dawson

☆ Watch CNBC’s full interview with Cameron Dawson, Malcolm Ethridge and Lo Toney
▼ + stars: | 2023-08-29 | 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 Cameron Dawson, Malcolm Ethridge and Lo ToneyCameron Dawson, NewEdge Wealth, CIC Wealth’s Malcolm Ethridge and Plexo Capital's Lo Toney, join 'Closing Bell' to discuss earnings, seasonality, opportunities in tech and the risk to the markets.

Persons: Cameron Dawson, Malcolm Ethridge, Lo Toney Cameron Dawson, Capital's Lo Toney

☆ Be patient as the market is in a volatile period bumping off seasonality, says Virtus' Joe Terranova
▼ + stars: | 2023-08-28 | 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 EmailBe patient as the market is in a volatile period bumping off seasonality, says Virtus' Joe TerranovaAmy Raskin, Jim Lebenthal, Steve Weiss, and Joe Terranova join 'Halftime Report' to discuss seasonal trends heightening volatility in the market, consumer savings depletion leading to increased credit delinquencies, and declining mega-cap tech stocks.

Persons: Virtus, Joe Terranova Amy Raskin, Jim Lebenthal, Steve Weiss, Joe Terranova, delinquencies

☆ Bitcoin trading volume is at its lowest in more than four years
▼ + stars: | 2023-08-28 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

As of Aug. 26, bitcoin trading volume on all exchanges sat at 129,307 BTC, according to CryptoQuant. Earlier in the month, on Aug. 12, it fell to 112,317 BTC, its lowest level since Nov. 10, 2018. Bitcoin's trading volume hit its lowest level in almost five years this month as investors keep waiting for reasons to jump back into the market. As we progress further into a bull market, the trading volume may continue to pick up." Correction: On Aug. 12, bitcoin trading volume fell to 112,317 BTC, its lowest level since Nov. 10, 2018.

Persons: CryptoQuant, It's, bitcoin, Julio Moreno, haven't, Bernstein, Gautam Chhugani, Chhugani, Cantor Fitzgerald, Josh Siegler, — CNBC's Michael Bloom Organizations: BTC, CNBC, Metrics, Securities and Exchange Commission

☆ Covid-19 has changed and so has our immunity. Here’s how to think about risk from the virus now
▼ + stars: | 2023-08-28 | by ( Brenda Goodman | ) edition.cnn.com time to read: +19 min

So if people are less likely to be hospitalized or die from a Covid-19 infection now, has the danger passed? Through genetic bad luck, some people may just be at higher risk of serious reactions to Covid-19 infections, and they probably wouldn’t know it. Researchers defined it as any new or continuing symptoms more than 90 days after a Covid-19 infection. Based on his experience treating long Covid patients, Griffin said that the percentage reported in the Australian paper seems high. Earlier in the pandemic, pediatric infectious disease specialists were on the lookout for a rare complication of Covid-19 infection in kids called multisystem inflammatory syndrome in children, or MIS-C.MIS-C starts two to six weeks after a Covid-19 infection.

Persons: CNN —, we’ve, aren’t, Good, ”, Megan Ranney, Covid, ” Ranney, that’s, Evusheld, haven’t, you’ve, they’re, They’re, Mandy Cohen, It’s, –, Jesse Bloom, Daniel Griffin, it’s ‘, Griffin, “, Peter Chin, Chin, Hong, Nathaniel Hendrix, Hendrix, it’s, hasn’t, she’s, Kristin Englund, shouldn’t, Dr, Sanjay Gupta, “ It’s, Ellie Murray, ” Murray Organizations: CNN, US Centers for Disease Control, Yale School of Public Health, Covid, National Institutes of Health, FDA, US Department of Health, Human Services, CDC, Fred Hutchinson Cancer Center, HHS, Columbia University, University of California, Census Bureau, Nature Medicine, American Board of Family Medicine, Nature, Veterans Affairs, Cleveland Clinic, CNN Health, Boston University School of Public Health Locations: South Africa, Botswana, United States, China, Seattle, Israel, Denmark, United Kingdom, Portugal, US, Switzerland, Thailand, Australia, San Francisco, Ohio

☆ Peloton shares drop 25% after posting wider than expected loss, falling sales
▼ + stars: | 2023-08-23 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

Peloton on Wednesday reported a wider than expected loss and a quarterly drop in new subscribers that it blamed on its recall of its Bike seat post and seasonality, sending shares plunging about 25% in premarket trading. It ended the quarter with 3.08 million subscribers, up 4% year over year and in line with the company's expectations. But compared to last quarter, subscribers declined by 29,000. The former Netflix and Spotify executive has spent the last three months focusing on new strategies aimed at getting the fitness company back on a path to growth. Clients include Volvo, which has Peloton bikes in its company fitness center and offers employees access to the Peloton app, its all access membership and discounts on hardware, including the Bike, Bike+, Tread and Guide.

Persons: Barry McCarthy, McCarthy, Leslie Berland Organizations: Refinitiv, Consumers, Netflix, Spotify, Business, Volvo, Dropbox, University of Michigan, Big Locations: Dusseldorf, Germany

☆ The consumer has gone back to normal seasonality, says La-Z-Boy CEO
▼ + stars: | 2023-08-23 | 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 EmailThe consumer has gone back to normal seasonality, says La-Z-Boy CEOMelinda Whittington, La-Z-Boy president and CEO, joins 'The Exchange' to discuss La-Z-Boy's business now compared to a couple years ago, if the consumer began to weaken in June and July and how much the company plans to elevate prices.

Persons: Melinda Whittington Locations: La

☆ With PMIs bottoming, it's a great time to invest in onshoring, says Hightower's Stephanie Link
▼ + stars: | 2023-08-22 | 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 EmailWith PMIs bottoming, it's a great time to invest in onshoring, says Hightower's Stephanie LinkJosh Brown, Stephanie Link, Jason Snipe, and Shannon Saccocia join 'Halftime Report' to discuss wage strength supporting consumer spending, seasonality of market fluctuations and Powell's upcoming remarks at Jackson Hole.

Persons: it's, Stephanie Link Josh Brown, Stephanie Link, Jason Snipe, Shannon Saccocia, Jackson

☆ Taylor Morrison CEO: Nothing in the latest existing home sales data was surprising
▼ + stars: | 2023-08-22 | 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 EmailTaylor Morrison CEO: Nothing in the latest existing home sales data was surprisingSheryl Palmer, Taylor Morrison CEO, joins 'Squawk on the Street' to discuss some of the housing market's positive data, how seasonality will play into today's real estate sector and the demographic implications of the bifurcation in first-time home buyers and others.

Persons: Taylor Morrison, Sheryl Palmer

☆ There are 2 big catalysts that could spark a stock market rally this week, according to Fundstrat
▼ + stars: | 2023-08-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Investors should expect a stock market rally this week amid two big catalysts, according to Fundstrat's Tom Lee. Lee expects solid earnings from Nvidia and dovish comments from Fed Chair Jerome Powell at Jackson Hole. "I think the Fed might be worried something's going to break" amid a renewed surge in interest rates, Lee said. The key will be the direction of interest rates but we see positive catalysts emerging at the end of this week," Lee said. The second catalyst investors should watch this week is Fed Chair Jerome Powell's speech at Jackson Hole on Friday, which comes amid a renewed surge in interest rates.

Persons: Tom Lee, Lee, Jerome Powell, Jackson, Jerome Powell's, Powell Organizations: Nvidia, Service, Federal, Bank Locations: Wall, Silicon, China

☆ A long Fed pause is more concerning than another hike, says Solus' Dan Greenhaus
▼ + stars: | 2023-08-18 | 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 EmailA long Fed pause is more concerning than another hike, says Solus' Dan GreenhausDan Greenhaus, Solus Alternative Asset Management chief strategist, and Bryn Talkington, Requisite Capital Management managing partner, join 'Closing Bell' to discuss market seasonality, Fed's next moves, and their stock positions.

Persons: Solus, Dan Greenhaus Dan Greenhaus, Bryn Talkington, Fed's Organizations: Asset Management, Capital Management

☆ Watch CNBC's full interview with Solus' Dan Greenhaus and Requisite's Bryn Talkington
▼ + stars: | 2023-08-18 | 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 Solus' Dan Greenhaus and Requisite's Bryn TalkingtonDan Greenhaus, Solus Alternative Asset Management chief strategist, and Bryn Talkington, Requisite Capital Management managing partner, join 'Closing Bell' to discuss market seasonality, Fed's next moves, and their stock positions.

Persons: Solus, Dan Greenhaus, Bryn, Bryn Talkington, Fed's Organizations: Asset Management, Capital Management

☆ Watch CNBC's full interview with NewEdge's Cameron Dawson, Virtus' Joe Terranova and Ed Yardeni
▼ + stars: | 2023-08-17 | 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 NewEdge's Cameron Dawson, Virtus' Joe Terranova and Ed YardeniCameron Dawson, chief investment officer for NewEdge Wealth, Joe Terranova, chief market strategist at Virtus Investment Partners, andEd Yardeni, Yardeni Research president, join 'Closing Bell' to discuss the market seasonality and market laggards.

Persons: NewEdge's Cameron Dawson, Virtus, Joe Terranova, Ed Yardeni Cameron Dawson, andEd Organizations: Virtus Investment Partners, Yardeni Research

☆ Buy this Mexico-based telecom stock after a recent pullback, Citi says
▼ + stars: | 2023-08-17 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Citi says América Móvil's stock recent pullback is a buying opportunity. The firm upgraded the Mexican telecom stock to buy from neutral in a Wednesday note and hiked its price target to $23.50. AMX YTD mountain América Móvil stock has added 2.4% from the start of the year. "Both together are opening what we think is an attractive entry point to add on AMX stocks," Cardona said. "We also see the AMX buyback program as likely to speed up over 2H23 on NWC [can't find what this means] seasonality."

Persons: Andrés Cardona, rebalance, Cardona, — CNBC's Michael Bloom Organizations: Citi

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