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☆ Stock futures are little changed as Wall Street awaits bank earnings: Live updates
▼ + stars: | 2024-04-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on April 10, 2024 in New York City. U.S. stock futures flickered near the flatline on Thursday night as traders looked ahead to the release of corporate earnings from major U.S. banks. S&P 500 futures and Nasdaq 100 futures were little changed. The muted action follows a sharp rebound for the S&P 500 and the Nasdaq Composite as tech shares led a comeback from Wednesday's inflation-fueled sell-off. On Thursday, Nasdaq gained 1.68% to close at a record, while the S&P 500 gained 0.74%.

Persons: Dow, Apple, Thomas Martin Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow, Bloomberg News, Apple, Nvidia, Globalt Investments, CNBC, JPMorgan Chase, Citigroup Locations: New York City, U.S, Wells Fargo, BlackRock

☆ Jim Cramer's top 10 things to watch in Wednesday's inflation-driven stock market decline
▼ + stars: | 2024-04-10 | by ( Jim Cramer | ) www.cnbc.com time to read: +2 min

Morgan Stanley raises Nvidia price target to $1,000 per share from $795. Goldman Sachs' semiconductor readthroughs from Google's conference: Arm positive, Nvidia mild positive, Advanced Micro Devices mild negative, Intel mild negative. Barclays raises Club name Ford price target to $16 per share from $15. Other price target raises on Club names on Wall Street: Danaher , DuPont and Wynn Resorts . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Dow, Thomas Kurian, Morgan Stanley, Goldman Sachs, Jefferies, Ed Bastian, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Core CPI, Taiwan Semiconductor Manufacturing Company, Nvidia, Google, Club, Broadcom, Gaudi, Barclays, Ford, DuPont, Wynn Resorts, Jim Cramer's Charitable, CNBC Locations: Fitch, China

☆ You can thank the baby boomers for the stunning strength of the US economy
▼ + stars: | 2024-04-09 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

You can thank baby boomers for the strong US economy, according to market veteran Ed Yardeni. AdvertisementThe US economy has baby boomers to thank for its strength and resilience even as some worry about a potential recession. Related storiesThere are now 47.7 million baby boomers who are not in the labor force, and that number grows by the day as more baby boomers hit their retirement age. Baby boomers hold a record $76.2 trillion in wealth, or about half the total US household net worth of $156.2 trillion. "The Baby Boomers watched a lot of Star Trek during the 1960s.

Persons: Ed Yardeni, Yardeni, hasn't Organizations: Seniors, Federal, Federal Reserve, Boomers, Trek

☆ Every month, economists expect the labor market to slow. Will it ever?
▼ + stars: | 2024-04-09 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

New York CNN —Almost every month, economists expect the hot US labor market to start showing signs of exhaustion. The booming labor market has to run out of gas eventually, right? Enjoy it while it lastsHistorically speaking, there’s only so long a really good labor market can last until, for instance, a recession or tighter financial conditions disrupt it. Taken together, that could mean the life expectancy of the current labor market isn’t very long. One big reason why the labor market continues to defy expectations is the result of a surge in immigration over the past year.

Persons: February’s, Jefferies, Thomas Simons “, ” “, Simons, Will Baltrus, That’s, ” Dante DeAntonio Organizations: New, New York CNN, Conference, Labor, Bureau of Labor Statistics, Brookings, Moody’s Locations: New York

☆ Tuesday, April 9, 2024: Jim Cramer calls this chip holding 'sustainable and secular'
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: 1 min

Tuesday, April 9, 2024: Jim Cramer calls this chip holding 'sustainable and secular'Jim and Jeff discuss the latest AI chip from this tech stock. They also talk about how these chips can be a further tailwind for this chip stock. Finally, they discuss the latest headlines around this cybersecurity stock.

Persons: Jim Cramer, Jim, Jeff

☆ Mortgage-backed securities offer high-quality income and are relatively cheap, UBS says
▼ + stars: | 2024-04-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Investors looking for high-quality income, as well as a bargain, should turn to agency mortgage-backed securities, according to UBS. Agency MBS are debt obligations backed by the government and are issued by agencies such as Fannie Mae, Freddie Mac and Ginnie Mae. However, agency MBS lagged their higher-quality counterparts because they are highly correlated to interest rate volatility, she said. As gross domestic product slowly trends lower, the market will become more comfortable with the likelihood of the Fed cutting rates, Falconio said. Banks, which have been investing excess deposits in Treasurys, will be among those turning to agency MBS, Falconio said.

Persons: Leslie Falconio, Fannie Mae, Freddie Mac, Ginnie Mae, Falconio, Janus Henderson, Banks Organizations: UBS, CNBC, Agency MBS, Federal Reserve, MBS, SEC, Securities ETF Locations: UBS Americas, Treasurys

☆ Goldman Sachs money manager: Be selective with small caps because prices ‘can go down with great velocity'
▼ + stars: | 2024-04-08 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

Goldman Sachs sees opportunities in small-cap stocks — even as the Russell 2000 finishes its worst week since early January. "I do think that you have to be very selective in small caps because things can go down with great velocity," he told CNBC's " Fast Money " on Thursday. "Within the Russell 2000, you have a lot of stuff that you probably don't want to own," he said. Even with the losing week, the Russell 2000 is up almost 2% for the year, as of Friday's market close. "Other financial conditions have eased a bit, which is also helpful for small caps.

Persons: Goldman Sachs, Russell, Greg Tuorto, CNBC's, Tuorto Organizations: Core Equity ETF, Federal Signal Corp, SPX Technologies, Federal Reserve, Nvidia, Innovation Locations: Cava, Cava —

Morgan Stanley raised its price target on Ford after the company reassessed its electric vehicle strategy. That "paints path to ~$230-$290 stock price as we argue AMZN could warrant an even higher multiple in this scenario," he added. — Michelle Fox 7:38 a.m.: Evercore hikes Disney price target, points out near-term catalysts Walt Disney has a bright near-term outlook, according to Evercore ISI. In addition to cutting his price target, Harned also pulled down his outlook for free cash flow and deliveries. — Alex Harring 5:48 a.m.: KeyBanc raises Nvidia price target There's no slowing down Nvidia , according to KeyBanc.

Persons: Morgan Stanley, KeyBanc, Brian Nowak, Jon Tower, — Michelle Fox, Walt Disney, Vijay Jayant's, Jayant, Bob Iger, — Lisa Kailai Han, David Palmer, Palmer, Uber, — Alex Harring, Bernstein, Douglas Harned, Harned, Dave Calhoun, Alex Harring, Anthony Chukumba, Chukumba, selloff, Ross Seymore, Seymore, TD Cowen, Doug Anmuth, Anmuth, there's, John Blackledge, Blackledge, Jason Bazinet, Bazinet, There's, Goldman, Goldman Sachs, Kate McShane, McShane, BJ, Mark Strouse, Strouse, Adam Jonas, Jonas, Ford, John Vinh, Vinh, Fred Imbert Organizations: CNBC, Monday's, Ford, Nvidia, Amazon, Citi Citi, Grill, ISI, Disney, India's Reliance Industries, Reliance Industries, Netflix, Hulu, Boeing, Dow Jones, Capital, Loop Capital, Deutsche Bank, Broadcom, VMWare, JPMorgan, Citi, BJ's Wholesale, GE, GE Vernova Locations: Michigan, Alaska, F1Q, California, The Massachusetts, Friday's, China

☆ 'Big Short' investor Steve Eisman details the 4 themes that have him betting on a turbocharged infrastructure boom instead of chasing AI hype
▼ + stars: | 2024-04-07 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview2008's housing crash might be long over, but Steve Eisman is not done looking for the next big macro trade. The investor — famous for his subprime mortgage bet, as documented in "The Big Short" — is now eyeing infrastructure as biggest winner of today's conditions. "You take all four of those boxes, and you turbocharge them by the fact that the United States has not had an industrial policy in anyone's lifetime," Eisman said. While Eisman believes in AI and infrastructure, he has no faith in crypto's potential, he said.

Persons: —, Steve Eisman, Eisman, Neuberger Berman —, they've, Eaton, United States — everybody's Organizations: Service, Business, JPMorgan, Apple Locations: United States

☆ A growing chorus of experts don't think a rate cut is coming in 2024
▼ + stars: | 2024-04-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Investors are starting to take seriously the idea that the Fed might not cut interest rates in 2024. At this point, investors are viewing economic strength as ultimately good news for the stock market, if that means a recession is delayed. AdvertisementFrom seven, to three, to now potentially zero, projected interest rate cuts in 2024 are quickly going out of style on Wall Street. So a delay in interest rate cuts, on paper, would suggest lower stock prices. And better-than-expected first quarter profits have helped put a floor on a stock market that is trading near record highs, even as talks of interest rate cuts fade.

Persons: Neel Kashkari, Kashkari, Michelle Bowman, Bowman, Ed Yardeni, Yardeni, Mohamed El, Torsten Slok, Slok, Ken Fisher Organizations: Federal Reserve, Atlanta Fed, Minneapolis Fed, Fed, Bank of America

☆ Thursday, March 28, 2024: The Club buys more of this retail holding on potential for AI tailwind
▼ + stars: | 2024-03-28 | by ( ) www.cnbc.com time to read: 1 min

Thursday, March 28, 2024: The Club buys more of this retail holding on potential for AI tailwindJim and Jeff discuss the analyst call that this poor performing retail stock has bottomed. They also talk about recently buying this retail stock. Finally, they discuss grocery store's shelf reset impact on this consumer stock.

Persons: Jim, Jeff Organizations: The Club

☆ The wealth of the 1% just hit a record $44 trillion
▼ + stars: | 2024-03-28 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Middle-class Americans have also seen a rising wealth tide, with the middle 50% to 90% of Americans seeing their wealth increase 50%. The value of corporate equities and mutual fund shares held by the top 1% surged to $19.7 trillion from $17.65 trillion the previous quarter. The wealth of the top 1% hit a record $44.6 trillion at the end of the fourth quarter, as an end-of-year stock rally lifted their portfolios, according to new data from the Federal Reserve. Economists say the rising stock market is giving an added boost to consumer spending through what is known as the "wealth effect." "Of course, this highlights a vulnerability of the economy if the stock market were to falter.

Persons: Robert Frank, Mark Zandi, Zandi, Liz Ann Sonders, Charles Schwab, – Sonders Organizations: Federal Reserve, Moody's, Stocks, Conference Board Locations: U.S

☆ Tuesday, March 26, 2024: The Club says AI will continue to be a huge tailwind for this tech stock
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: 1 min

Tuesday, March 26, 2024: The Club says AI will continue to be a huge tailwind for this tech stockJim and Jeff discuss the analyst price target increase for this big tech stock. They also talk about the weight loss drug opportunity for this pharmaceutical stock.

Persons: Jeff

☆ 'The higher they go, the harder they fall': A veteran bear says US stocks could crash 39% as earnings disappoint — but investors can manage risk by making these 10 moves now
▼ + stars: | 2024-03-25 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

"And I sort of look at the stock market right now as that clown of the circus blowing up the balloon." That earnings multiple is based on future earnings prospects, the economy, and interest rates. When the Federal Reserve cuts interest rates and the yield curve steepens, he said big banks should bring opportunities. "There will be areas to dip your toes in, but not for the overall market," Rosenberg said. He's bullish on long-term bonds and gold as the Fed cuts interest rates.

Persons: —, David Rosenberg, Rosenberg, he'll, they've, It's, " Rosenberg, he's, He's Organizations: Service, Rosenberg Research, Business, Equity, Federal Reserve, Nikkei Locations: Japan

☆ This major ETF that's home to Meta and Disney is looking to break out again, according to the charts
▼ + stars: | 2024-03-20 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

The Communications Services Select SPDR ETF (XLC) , home of Meta, Alphabet and Disney, is doing one of the following at any given time this year: Breaking out, digesting said breakout and then breaking out again. We'll notice that the monster reversal happened a solid four months before the S & P 500 topped out in early 2022… and we can blame Meta (META) for that. Meta tailwind When META cracked back then, it took XLC with it. However, it, too, has a constructive chart pattern – a potential large base that is almost two years in length. This ETF is VERY illiquid, thus, it's not the best trading vehicle… That said, one particular holding has a similar looking pattern: Disney (DIS) .

Persons: XLC's uptrend, XLC, it's, NWSA, Frank Cappelleri Organizations: Meta, Netflix, News Corp, Communication Services Locations: XLC

☆ 'We are still in a market bubble': A famed economist who called the 2008 recession warns the S&P 500 is as vulnerable as it was before its 25% fall in 2022 — and shares 3 signs of hidden weakness
▼ + stars: | 2024-03-16 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Just because the current valuation backdrop isn't as extreme as 1999-2000, we are still in a market bubble, and valuations are even more stretched today than they were at the market peaks in 2007, 1990, and 1980." Rosenberg ResearchSecond, the S&P 500 is outperforming the HYG/TLT Ratio. AdvertisementRosenberg ResearchAnd third, even tech stocks, which have been overwhelmingly supporting the S&P 500, appear to be running out of gas, Rosenberg said. The same goes for Paul Dietrich, the chief strategist at B. Riley Wealth, who says the S&P 500 could fall 49% when the current bubble pops. The bull market has thrown egg onto their faces again and again: since the October 2022 lows, the S&P 500 is up a whopping 42%.

Persons: —, David Rosenberg isn't, Merrill Lynch, Rosenberg, he's, manias, HYG, Michael Hartnett, Jeremy Grantham, Paul Dietrich, Riley Wealth, Dietrich, Grantham, Carol Schleif Organizations: Service, Rosenberg Research, Business, Equity Model, Dow Jones, Dow Transports Index, Bank of America's, Bank, America, BMO Family Office

☆ Look beyond Nvidia to ride the AI wave — there are other potential winners, Fidelity says
▼ + stars: | 2024-03-15 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

There's a whole world of stocks beyond flashy AI names such as Nvidia for investors looking to ride the latest tech wave, according to investment firm Fidelity International These indirect AI plays include semiconductor foundries, packaging technology companies and memory companies, the investment firm said in a report Wednesday. In our view, AI will follow a similar trend," said Fidelity analysts. "These include semiconductor foundries, packaging technology companies and memory companies. However, looking beyond Nvidia, stocks in the AI-related sectors outlined by Fidelity have also been on the up. Customer services firms, business process outsourcing and music content companies could also offer opportunities, said Fidelity, as they "embrace and adapt to AI."

Persons: Fidelity Organizations: Nvidia, Fidelity International, Fidelity, ChatGPT, Taiwan Semiconductor Manufacturing Company, Samsung, SK Hynix, Nasdaq Locations: Stock, South Korean

☆ Fed rate cuts will be a tailwind for small caps, says Fundstrat's Tom Lee
▼ + stars: | 2024-03-15 | 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 EmailFed rate cuts will be a tailwind for small caps, says Fundstrat's Tom LeeTom Lee, Fundstrat Global Advisors managing partner and head of research, joins 'Closing Bell' to discuss buying the dip and making the bull case for small caps.

Persons: Tom Lee Tom Lee Organizations: Fundstrat Global Advisors

☆ Adobe shares slip 10% on soft sales forecast
▼ + stars: | 2024-03-14 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024. During the quarter, Adobe abandoned its $20 billion acquisition of design software startup Figma after U.K. regulators found competitive concerns. Adobe will work with OpenAI around Sora, David Wadhwani, president of Adobe's digital media business, said on the earnings call. Adobe sees fiscal second-quarter earnings of $4.35 to $4.40 per share on an adjusted basis, with $5.25 billion to $5.30 billion in revenue. Leaving out the after-hours movement, Adobe shares have fallen 4% so far this year, while the S&P 500 index has gained 8% over the same time period.

Persons: Shantanu Narayen, OpenAI, Sora, David Wadhwani, LSEG, Wadhwani Organizations: CNBC, New York Stock Exchange, Adobe, LSEG, Firefly Services Locations: Sora

☆ AI could boost these stocks with customer support needs, Barclays says
▼ + stars: | 2024-03-13 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

One of the leading emerging use cases for artificial intelligence could be automating customer support requests, according to Barclays. At a time when some investors are beginning to doubt the AI momentum, some companies are now experimenting with AI for customer support and consumer-facing features. These support levels involve escalations from solving simple customer service problems, and can entail trouble-shooting with support technicians and the involvement of engineers, if needed. Lyft stands to be the biggest beneficiary of AI automating customer support requests, assuming that it can move just over a third of its Level 2 and 3 human-based customer service requests to AI. To be sure, it's still early days for companies that could benefit from deploying AI as part of their customer support, Barclays found.

Persons: Ross Sandler, Klarna, Sandler, GoDaddy, Roblox's, it's, We've Organizations: Barclays, Web Services, Google, FactSet

Technology stocks have been driving the market's rally to record highs, but there are still a number of hidden-gem cheap names in the sector for investors to take advantage of. That is, we sought to find stocks that are cheaper than their peers based on their stock price relative to their future earnings power. Chipmakers have been riding on the tailwind of the enthusiasm of artificial intelligence, and Wall Street analysts still think these two stocks have significant upside ahead. The database software stock surged 12% Tuesday after fiscal fourth-quarter results topped analysts' earnings estimates. Investors might also want to take a closer look at First Solar, according to the screen.

Persons: Belden, TD Organizations: CNBC Pro, Western, Skyworks, Wall Street, Oracle Locations: Corning

☆ Top banking analysts see 3 reasons why Wells Fargo stock should push even higher this year
▼ + stars: | 2024-03-13 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

Wells Fargo 's run of form continued Wednesday, with shares hitting another 52-week high. Wall Street analysts see more upside ahead for what's been the best-performing major U.S. bank stock in 2024. Shares of Wells Fargo have surged nearly 18% year-to-date, compared to the S & P 500 's 8.5% advance over the same stretch. Higher for longer Both analysts said a higher-for-longer interest rate environment creates a favorable setup for a money center bank like Wells Fargo. As the expectations for Fed cuts this year have been coming down, Wells Fargo stock has been climbing.

Persons: Wells, what's, Goldman Sachs, Morgan Stanley —, —, RBC Capital Market's Gerard Cassidy, Piper Sandler's Scott Siefers, Jim Cramer, RBC's Cassidy, Cash, Cassidy, Piper's Siefers, Siefers, Charlie Scharf, Scharf, that's, Jerome Powell, Jim Cramer's, Jim, Justin Sullivan Organizations: Wall, Peers, JPMorgan, Wells, CNBC, RBC Capital, Federal Reserve, Wells Fargo, Capital, Getty Locations: Wells Fargo, Wells, Basel

☆ President Biden wants higher taxes on Corporate America's stock buybacks
▼ + stars: | 2024-03-07 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

President Biden wants to increase the taxes on those buybacks. Corporations prefer stock buybacks Corporate America has wide latitude on what it does with the cash flow it generates. Excess cash will typically fall into three buckets: buybacks, dividends and capital expenditures. Capital expenditures $597 b. "However, if economic growth momentum instead continues to build, investors may begin to increasingly reward companies that are investing for growth," Goldman said.

Persons: Biden, Goldman Sachs Jeffrey Yale Rubin, Goldman Sachs, Goldman, Tesla, Meta, Biden's, Howard Silverblatt, Silverblatt Organizations: America, buybacks, Birinyi, P Global Locations: buybacks, America

☆ Foot Locker's post-earnings plunge could be setting up a buying opportunity
▼ + stars: | 2024-03-06 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The company's long-term goal, as part of Foot Locker's "Lace Up" turnaround plan, is to achieve $350 million in operating cost savings. Digital sales now represent nearly 20% of Foot Locker's total sales, Dillon said on the call. Still, the bright spots were not enough to block out the sting from Foot Locker's guidance. By store, in North America, same-store-sales were up 4.8% at Foot Locker and 6.9% at Kids Foot Locker. A Foot Locker store near the Times Square neighborhood of New York, US, on Monday, Nov. 13, 2023.

Persons: Locker, —, Mary Dillon, Dillon, we've, Foot, FactSet, Jim Cramer's, Jim Cramer, Jim, Bing Guan Organizations: Nike, Revenue, SG, Wall Street, CNBC, Bloomberg, Getty Locations: North America, —, Middle East, Africa, Asia, Pacific, New York

☆ Bitcoin rockets to an all-time high above $69,000, surpassing 2021 record
▼ + stars: | 2024-03-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

"Bitcoin reclaiming its all-time high yet again shows it is never going away," said Alex Thorn, head of research at Galaxy Digital. Catalysts driving the surge in the cryptocurrency include the U.S. spot bitcoin ETFs that started trading earlier this year, along with the tightening bitcoin supply ahead of the late April "halving." "The odds have always been against bitcoin," Thorn said, citing naysayers who have referred to it as "a bubble" and compared it to the "tulip mania" in Holland during the 1600s. "Retail interest is oftentimes momentum driven, and all-time high levels are a pivotal momentum driver for even more investment," he told CNBC. Nevertheless, U.S. spot bitcoin ETFs have brought legitimacy to it and been hugely popular, with BlackRock's iShares Bitcoin Trust (IBIT) passing $10 billion in assets under management last week.

Persons: Jaap Arriens, FTX, crypto's Lehman, Alex Thorn, bitcoin, Clara Medalie, Thorn, naysayers, Needham, John Todaro, Crypto, BlackRock's Organizations: NurPhoto, Getty, Metrics, Galaxy, CNBC, Securities and Exchange Commission Locations: U.S, Holland

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