Markets
These five stocks are primed for upside, including this alternative to Nvidia, Morgan Stanley says
Morgan Stanley analysts named a slate of stocks this week they think are too attractive to ignore. The firm called out a list of overweight-rated companies that have solid prospects for upside. CNBC Pro combed through Morgan Stanley research to find stocks that are primed for growth this summer. They include Apple, Toast, Broadcom, Arista […]
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Apple is now overbought after rallying to record highs this week. Here are other names due for a pullback
Apple’s rally this week has made the iPhone maker one of the most overbought stocks on Wall Street, with its newly announced push into artificial intelligence lifting shares above $200. Apple is up nearly 8% this week after unveiling an array of new AI features at its annual Worldwide Developers Conference . It’s also the […]
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Friday’s trading could trigger a $10 billion rush of demand for Nvidia shares. Here’s how
Key Points The Technology Select Sector SPDR Fund (XLK) has an upcoming rebalance based on Friday’s market caps. Apple and Microsoft are the two biggest holdings in the fund currently, at roughly 22% each. Nvidia makes up less than 6% despite being only slightly behind the two leaders in market cap. The jockeying between the […]
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Stocks making the biggest moves midday: Adobe, RH, Hasbro and more
Check out the companies making headlines in midday trading: Adobe — The software stock surged 14% on stronger-than-expected quarterly results. Adobe posted adjusted earnings of $4.48 per share on $5.31 billion in revenue and boosted its full-year guidance. JPMorgan also upgraded shares to overweight from neutral. RH — The luxury retailer plummeted 18.6% after reporting […]
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French stocks take beating, risk premium rises under specter of possible far-right victory
Jordan Bardella, President of the National Rally (Rassemblement National), a French nationalist and right-wing populist party, speaks to over 5,000 supporters on June 9th, at Le Dôme de Paris. Nurphoto | Nurphoto | Getty Images French stocks plunged on Friday, with the country’s blue-chip index heading for its worst week in more than two years, […]
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Stock splits are back in fashion. Here’s why, and which companies could be next
Stock splits, long out of favor, are making a comeback. It started with Walmart, which announced a 3-for-1 stock split on Jan. 30, with the additional shares being distributed on Feb. 23. And from there, it picked up steam. On Thursday, Williams-Sonoma announced a 2-for-1 split, and on Wednesday, Broadcom announced a 10-for-1 split. Notable […]
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Stocks building the biggest moves premarket: Adobe, Hasbro, GameStop and extra
Test out the organizations producing headlines before the bell. GameStop — The meme inventory dipped 1.1% right after Keith Gill, recognised as “Roaring Kitty,” seemingly elevated his possession in GameStop. He appears to be holding 9.001 million GameStop shares and over $6 million in dollars, according to a screenshot he posted to Reddit. Adobe — The […]
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CNBC Daily Open: Mega money Musk, Kitty’s stake grows
Traders work on the floor of the New York Stock Exchange on April 5, 2024. Spencer Platt | Getty Images News | Getty Images This 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. […]
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Asia-Pacific markets range bound ahead of Bank of Japan rate decision
The Bank of Japan (BOJ) headquarters is seen beyond the cherry blossoms in Tokyo on March 20, 2023. Kazuhiro Nogi | Afp | Getty Images Asia-Pacific markets were largely range bound on Friday ahead of the Bank of Japan’s rate decision. Economists polled by Reuters expect the BOJ will maintain its benchmark interest rate at […]
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Stock futures are little changed after S&P 500 posts fourth consecutive closing record: Live updates
NEW YORK, NEW YORK – JANUARY 22: Traders work on the floor of the New York Stock Exchange during afternoon trading on January 22, 2024 in New York City. The Dow Jones and S&P both hit all time highs with the Dow Jones closing over 38,000 points for the first time ever as stocks continue […]
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