The insistent refrain "new all-time record" has been played so often recently that it sounds like a broken record. For readers born after the age of vinyl, the term refers to when the needle gets stuck in a groove, repeating a phrase over and over until you either move the arm or throw the record
Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company's initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company's shares were initially priced at $72. Mario Tama / Getty Images TE Connectivity This week, Wells
As stocks hit more and more records, there are signs traders may be getting way too euphoric
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 15, 2020. Brendan McDermid | Reuters Wall Street may be getting a bit too excited about the stock market's hot start to the new year. The S&P 500 has already jumped nearly 3% for 2020, rising more than
Analysts raise Apple price targets but warn inflated expectations 'may make the music stop'
FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Morgan Stanley and Nomura analysts on Friday raised their price targets for Apple stock as the tech giant's shares continue to surge. However, the latter cautioned that inflated iPhone 12 expectations "may make the music stop" and questioned market enthusiasm about a "5G supercycle." In
Jet builder Aerion expects to fly silent supersonic planes by 2024, unlocking a $40 billion market
Aerion Supersonic as2 NEW YORK CITY – Supersonic air travel is only a few years from returning if a small U.S. company succeeds in developing its next-generation jet. Nevada-based Aerion expects to begin flying its AS2 supersonic jet by 2024, the company's CEO Tom Vice said on Thursday, speaking at a UBS conference in New
Cramer says 'tariffs worked,' Trump's strategy forced China to agree to a trade deal
CNBC's Jim Cramer said Wednesday that "tariffs worked" as a means to prod China to agree to a phase one trade deal with the United States. "I keep wondering when people are going to recognize that it is historic that tariffs did succeed," Cramer said on "Squawk on the Street," shortly before U.S. and Chinese
JP Morgan's trading guru says the market is underappreciating the risk of a conflict with Iran
The U.S.-Iran conflict appears to be in the rear-view mirror as stocks soar to record highs and the phase one signing of the U.S.-China trade deal takes center stage, but some are warning that tensions in the Middle East continue to simmer, and may soon reach a boiling point. "A significant change to our outlook
Tesla Inc CEO Elon Musk dances onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai, China January 7, 2020. Aly Song | Reuters More than a dozen Wall Street firms have adjusted their ratings or price targets for Tesla shares since the beginning of the year, playing catch-up after stock of
Beyond Meat is on the move again, trading in big swings and burning short sellers
Beyond Meat "Beyond Burger" patties made from plant-based substitutes for meat products sit on a shelf for sale on November 15, 2019 in New York City. Vegetarian alternatives to burgers and sausages, revived by start-ups like Beyond Meat and Impossible Burger, are enjoying a certain enthusiasm that meat giants also want to enjoy. ANGELA WEISS
Wells Fargo shares fall 2.5% after fourth-quarter profit gets cut in half from a year ago
Getty Images Wells Fargo is scheduled to report fourth-quarter earnings before the market open Tuesday. Here's what Wall Street expects, according to Refinitiv consensus estimates: Earnings: $1.12 per share, down 7.2% year over year Revenue: $20.14 billion, down 4% year over year The results, which reflect the bank's performance for the three months ended Dec.
Visa to acquire Plaid, the fintech powering Venmo and other banking apps, in $5.3 billion deal
Plaid co-founders William Hockey and Zach Perret Source: Plaid Payments giant Visa is buying Silicon Valley start-up Plaid for $5.3 billion, the companies announced Monday. Plaid's API software, often referred to as the "plumbing" behind fintech companies, lets start-ups connect to users' bank accounts. It's well-known among financial technology developers, but the average person interacting
Gene Munster puts together a new case for why Apple stock should be trading 50% higher
Gene Munster, a former top Wall Street tech analyst turned venture capitalist, believes Apple's stock has reason to trade 50% higher than its Friday price. "I want to try to quickly define what the right case [on Apple] would be," Munster said on CNBC's "Squawk Alley." "Microsoft, Google [owned by Alphabet], and Facebook trade at
Why 2020 could be a big year for international stocks over US equities
A pedestrian looks at an electric quotation board displaying the numbers on the Nikkei 225 Index on the Tokyo Stock Exchange and various markets around the world, in Tokyo. Kazuhiro Nogi | AFP | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC's
Stocks have less upside this year, according to the analysts who know them best
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Company analysts see only modest upside for stocks overall this year, a rare view for the normally bullish crowd. Average price targets of individual companies show that the typical stock is projected to have just 5.5% upside in 2020, according
Wall Street analysts say invest in these top stocks in 2020 including McDonald's & Facebook
McDonalds Big Mac Getty Images Wall Street analysts say there's no shortage of high quality stocks with upside for investors as 2020 gets underway. Many analysts named their top picks this week and CNBC looked at the most recent research to find the best picks. Stocks include Verizon, McDonald's, Estee Lauder, Facebook, Simon Property Group,
Ex-Goldman tech chief Marty Chavez joins start-up seeking to disrupt cancer
Martin Chavez, Goldman Sachs Amanda Gordon | Bloomberg | Getty Images Marty Chavez's next act is beginning. The former Goldman Sachs technology chief is joining the board of Paige, a New York-based start-up that aims to use artificial intelligence techniques to improve the diagnosis and treatment of cancer. "I'm thrilled at the opportunity to put
Things are so bad for Six Flags it got downgraded twice by the same analyst in less than 12 hours
A ride at Six Flags amusement park in Upper Marlboro, MD. Jonathan Newton | The Washington Post | Getty Images Six Flags received an exceedingly rare double black eye from the same analyst as the stock was downgraded twice in less than a day by Wells Fargo. When the closing bell rang on Thursday, Timothy
Virgin Galactic is seeing strong demand for tourist flights to space, will re-open ticket sales
Virgin Galactic CEO George Whitesides on Thursday revealed the company has seen steadily increasing demand from prospective space tourists, as the company edges closer to its goal of beginning commercial flights this year. The number of people telling the company they want to fly to the edge of space "keeps ticking up by a good
CEO confidence in the economy has cratered, while consumers believe things are OK
Consumers and corporate chieftains are heading in the opposite direction, with one group still brimming with good thoughts about the future and the other sure that tougher times are coming. Recent surveys exemplify a trend that began a few years ago and has accelerated over the past several months. The gap between sentiment is broad
Wall Street usually shakes off volatility from US-Iran conflicts, history shows
Members of the Hashed al-Shaabi paramilitary force walk above a portrait of US President Donald Trump as they hold a condolences meeting following the killings of Iranian commander Qassem Soleimani and Iraqi paramilitary commander Abu Mahdi Al-Muhandis, on January 6, 2020 in Karrada in central Baghdad. Ahmad Al-Rubaye | AFP | Getty Images The latest
January 9, 2020 by admin 0 Comments
Stocks climb in the 'first five days' indicator, sending bullish signal for 2020
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 27, 2018. Eduardo Munoz | Reuters Stocks are poised to finish the first five trading days of 2020 higher, setting up for potentially strong performance in the full year, based on an old Wall Street indicator. If stocks
UBS predicts a 'V-shaped' year where stocks drop, then recover back to where they are now
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, April 17, 2013. U.S. stocks sank, erasing yesterday's rally, amid losses in industrial metals and disappointing results from Bank of America Corp. Scott Eells | Bloomberg | Getty Images One of the biggest market bears on Wall
Tesla price target raised to $556 by Argus Research, highest on Wall Street
Tesla Inc CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. Aly Song | Reuters Argus Research analyst Bill Selesky raised his 12-month price target on Tesla to $556 from $396 on Tuesday. Selesky cited Tesla's strong fourth quarter deliveries, where it topped analyst expectations,
Analyst sees 'bull case' of $400 for Apple, citing 5g 'super cycle'
Apple CEO Tim Cook gestures after opening the newly renovated Apple Store at Fifth Avenue on September 20, 2019 in New York City. Kena Betancur | AFP | Getty Images Is Apple due for a pullback after its nearly 90% surge last year? Longtime technology analyst Dan Ives doesn't believe so. In fact, the Wedbush
Defense stocks double the S&P 500's return six months after Middle East turmoil, history shows
Lockheed Martin F-35 Joint Strike Fighter Lightning II Robert Sullivan | FlickrCC Shares of defense companies outperform the broader market in the six months following a crisis event in the Middle East, according to an analysis by CNBC. Defense stocks have risen since a U.S. airstrike killed Maj. Gen. Qasem Soleimani, Iran's top military commander,
Low-fee pioneer Vanguard finally joins the crowd by dropping stock commissions to zero
Vanguard signage at a Morningstar Investment Conference. M. Spencer Green | AP Low-cost investing pioneer Vanguard has finally followed other peer brokerage firms in eliminating stock commissions entirely. Charles Schwab was the first major broker to give investors zero-commission online trades, pressuring rivals to follow suit. Schwab announced on Oct. 1 that commissions would go
Cramer says it's too early to buy amid US-Iran tension: 'I would not be excited about jumping in'
Investors should hold off from buying stocks Friday, even as U.S. stocks opened lower after an American airstrike killed Iran's top military general, CNBC's Jim Cramer said. "I would not be excited about jumping in here because … we're not giving up enough," Cramer said on "Squawk on the Street." The "Mad Money" host said caution is extremely important
Oil outlook is bullish, but don't expect big spikes seen during past conflicts, analysts say
Ahmad Al-Rubaye | AFP | Getty Images Oil spikes above $100 may be a thing of the past, but prices are likely to head higher as tensions mount in the Middle East, with Citi global head of commodity research Ed Morse forecasting that Brent prices will top $70 in short order. While the market digests
Wall Street analysts expect a big 2020 from these internet stocks including Facebook, and Amazon
Mark Zuckerberg, founder and chief executive officer of Facebook Inc., smiles during a news conference at the company's headquarters in Palo Alto, California, U.S., on Wednesday, Oct. 6, 2010. 2019 was a great year for internet stocks and many Wall Street analysts expect the good times to continue in 2020. The S&P 500 finished 2019
Here's what typically happens to the financial markets after major Middle East crisis events
Oil prices tend to see sustained gains following Middle East crisis events, while stocks eventually churn higher as safe haven assets gold and Treasurys fade from their initial pops, according to historical analysis. Oil prices jumped roughly 4% on Friday after a United States airstrike in Baghdad killed Qasem Soleimani, one of Iran's top military