Morgan Stanley
European markets little changed as the new trading week kicks off
Luxury stocks pull back as investors weigh China stimulus plans European luxury stocks pulled back Monday as investors assessed the latest hints about stimulus measures out of China. Shares of Gucci-owner Kering were down 3.6% by 9:35 a.m. London time, while LVMH fell 2.74%, and shares in Burberry and Christian Dior pulled back by around […]
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CNBC Daily Open: With an unchanged PPI, the Fed’s near the finish line
A television station broadcasts the Federal Reserve’s interest-rate cut on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 18, 2024. Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed […]
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CNBC Daily Open: With a stagnant PPI, the Fed’s nearly at the finish line
Jerome Powell, chairman of the US Federal Reserve, during the National Association of Business Economics (NABE) annual meeting in Nashville, Tennessee, US, on Monday, Sept. 30, 2024. Seth Herald | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on […]
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Cerebras IPO has ‘too much hair’ as AI chipmaker tries to sell Wall Street on Nvidia alternative
Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Ramsey Cardy | Sportsfile | Collision | Getty Images AI chipmaker Cerebras is trying to be the first major venture-backed tech company to go public in the U.S. since April and to capitalize on investors’ insatiable […]
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Stocks making the biggest moves premarket: Wells Fargo, JPMorgan, Tesla, Stellantis and more
Check out the companies making headlines in premarket trading. Wells Fargo — Shares of the San Francisco-based lender rose 3%, helped by better-than-expected earnings. Adjusted earnings came in at $1.52 per share, above the consensus estimate of $1.28 based on a survey of analysts by LSEG. However, the bank’s revenue of $20.37 billion came in […]
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Nvidia-backed CoreWeave gets $650 million credit line from top Wall Street banks
In this photo illustration, a Core Weave logo is displayed on a smartphone with stock market percentages on the background. Omar Marques | SOPA Images | Lightrocket | Getty Images CoreWeave, an Nvidia-backed artificial intelligence startup that rents out chips to other companies, announced Friday that it has a new $650 million credit line to […]
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JPMorgan Chase is set to report third-quarter earnings – here’s what the Street expects
Key Points JPMorgan Chase reports third-quarter earnings before the bell Friday. Wall Street expects the bank to report earnings of $4.01 a share and revenue of $41.63 billion, according to LSEG. JPMorgan executives will host a conference call at 8:30 a.m. ET. Source
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The Fed is finally cutting rates, but banks aren’t in the clear just yet
Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom Brenner Tom Brenner | Reuters Falling interest rates are usually good news for banks, especially when the cuts aren’t a harbinger of recession. That’s […]
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These cheap stocks are outperforming, and analysts give 5 more than 20% upside
Markets just keep rallying this year, with the S & P 500 up nearly 22% year-to-date and the Nasdaq jumping around 21%. In global stocks, the MSCI World index is around 16% higher. Many on Wall Street expect the trend to continue. Goldman Sachs , Morgan Stanley and others all see the S & P […]
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Keep buying these top stock picks in October, Morgan Stanley says
Morgan Stanley is pounding the table on several stocks as investors wait to see if October markets are tumultous or quiet. The investment bank says these top companies are well positioned for the long term. They include Lineage, Thermo Fisher Scientific , M & T Bank and Taiwan Semiconductor . Lineage Analyst Ronald Kamdem is […]
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