Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stocks set for steady open after 2021 started lower 2. Georgia runoffs could flip Senate control Democratic candidates for Senate Jon Ossoff (L) and Raphael Warnock (R) bump elbows on stage during …
Read More »Why Apple became $2 trillion stock and the market risks after the run
Some Wall Street analysts are betting that the rollout of 5G iPhones from Apple will result in record sales in 2021, eclipsing the 200 million-plus unit mark set in 2015-2016 when larger screens were introduced. David Paul Morris | Bloomberg | Getty Images Signs of a pricey stock market are …
Read More »5 things to know before the stock market opens January 4, 2021
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to pick up where 2020 left off Traders work on the floor of the NYSE on Dec. 31st, 2020. NYSE U.S. stock futures rose Monday after the Dow Jones …
Read More »Gene Munster says Apple’s stock has a path to $3 trillion market cap
Tech investor Gene Munster told CNBC on Thursday he sees a reasonable path for Apple to reach a $3 trillion market capitalization in the future. The iPhone maker became the first publicly traded U.S. company to reach a $2 trillion market cap in August — a milestone Munster foresaw in …
Read More »5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Last trading day of 2020 on Wall Street Ornaments on the New York Stock Exchange (NYSE) holiday tree at Wall Street on December 9, 2020 in New York City. Angela Weiss | …
Read More »5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. McConnell blocks $2,000 stimulus checks Senate Majority Leader Mitch McConnell (R-KY) speaks at a news conference with other Senate Republicans at the U.S. Capitol on December 15, 2020 in Washington, DC. Tom …
Read More »How to find a good end-of-year deal if in the market for a new car
Ty Wright | Bloomberg | Getty Images For car buyers, the end of the year typically marks the best time to get a great deal. Things look a bit different this time around. While there are still discounts and special financing on certain makes and models, those incentives generally are …
Read More »5 things to know before the stock market opens Tuesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. House passes bill for $2,000 stimulus checks Speaker of the House Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) speak after a press conference on Capitol Hill on December 20, …
Read More »5 things to know before the stock market opens December 28, 2020
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to rise nearly 200 points to start final week of 2020 Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures pointed to a higher open …
Read More »5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Trump slams Covid stimulus bill U.S. President Donald Trump waves as he departs on the South Lawn of the White House, on December 12, 2020 in Washington, DC. Al Drago | Getty …
Read More »GM’s defense unit sees $25 billion market in potential military contracts for automaker
The GM Defense Infantry Squad Vehicle was uniquely engineered to meet U.S. military specifications. It is based on the automaker’s off-road Chevrolet Colorado ZR2 midsize truck architecture. GM Defense DETROIT – General Motors is targeting significant growth for its resurrected military defense unit, which quietly re-launched three years ago and …
Read More »5 things to know before the stock market opens December 22, 2020
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow headed for a higher open after Capitol Hill finally delivers on stimulus Ornaments on the New York Stock Exchange (NYSE) holiday tree at Wall Street on December 9, 2020 in New …
Read More »Millionaires see strong market gains in 2021
America’s millionaires are betting on a strong stock market next year, with many expecting double-digit gains, according to the CNBC Millionaire Survey. Fully 70% of millionaires expect the S&P 500 will be up at least 5% next year, according to the survey of households with investible assets of at least …
Read More »5 things to know before the stock market opens December 21, 2020
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street under pressure on concerns about new Covid strain Traders work on the floor of the NYSE. NYSE 2. Doctors say vaccines still likely effective on new variants Commuters walk along …
Read More »5 things to know before the stock market opens December 18, 2020
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set for a steady open after Dow, S&P 500, Nasdaq closed at records U.S. stock futures were little changed Friday, with Wall Street wondering whether Capitol Hill can deliver a …
Read More »5 things to know before the stock market opens December 17, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. S&P 500 set to open above its record close level Even as strong as the Nasdaq’s over 40% rise has been in 2020, it’s no where near the 370% surge this year for …
Read More »MP Materials CEO on being a ‘picks-and-shovels play’ for EV market
MP Materials CEO James Litinsky appeared on CNBC Wednesday, addressing confusion about the rare earth products the company provides in the electric vehicle space. The mining company, which owns the Mountain Pass open-pit mine in southeastern California, supplies rare earth magnets to electric vehicle makers, but the magnets are not for …
Read More »5 things to know before the stock market opens December 16, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks to extend Tuesday’s rally U.S. stock futures were higher after Tuesday’s rally as investors grew more optimistic about Washington reaching a deal on another coronavirus economic relief package. However, a …
Read More »Goldman Sachs CEO David Solomon on market euphoria and recent IPOs
Goldman Sachs Chairman and CEO David Solomon told CNBC on Tuesday that he’s concerned about the intense demand from retail investors in recent initial public offerings. “I do think we’re in a moment in time where there’s a lot of euphoria. I personally am concerned about that,” Solomon said on …
Read More »5 things to know before the stock market opens December 15, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to rise after fears of Covid restrictions wiped out Monday’s gains Traders work on the floor of the New York Stock Exchange. NYSE The Dow Jones Industrial Average was set to …
Read More »Bed Bath & Beyond strikes deal to sell Cost Plus World Market
Signage is displayed outside of a Bed Bath & Beyond Inc. store in Los Angeles, California, U.S., on Monday, Sept. 19, 2016. Patrick T. Fallon | Bloomberg | Getty Images Bed Bath & Beyond said Monday that it will sell Cost Plus World Market as it aims to stabilize sales …
Read More »5 things to know before the stock market opens December 14, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set for higher open as Pfizer’s vaccine rolls out Traders work the floor of the New York Stock Exchange. NYSE Dow futures pointed to a more than 200-point gain at Monday’s open …
Read More »5 things to know before the stock market opens December 11, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to drop as stimulus talks stall Traders work on the floor of the New York Stock Exchange. Source: NYSE The Dow Jones Industrial Average was set to open 150 points lower …
Read More »5 things to know before the stock market opens December 10, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Stocks set to open lower after Wednesday’s drop from record highs U.S. stock futures pointed to a lower open, with investors watching Thursday’s FDA meeting on Pfizer’s Covid-19 vaccine and continued talks in …
Read More »DoorDash debut is a lesson in placing market orders, Jim Cramer says
DoorDash’s red-hot market debut is a lesson in placing orders to buy stocks on the market, according to CNBC’s Jim Cramer. “It’s true that people using market orders took DoorDash to levels that maybe … were far higher than they thought they’d have paid,” the “Mad Money” host said after …
Read More »Market watchers on what’s next for the stock
Starbucks kicked off its investor day Wednesday in good shape. The stock, which closed slightly lower on the day, is less than 3% from its record high set last week. The shares have also rallied more than 100% since a March low. Mark Newton, founder of Newton Advisors, sees a …
Read More »5 things to know before the stock market opens December 9, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to add to Tuesday’s record close The S&P 500 saw its first close over 3,700 as Wall Street has gotten off to a strong start in December in a continuation of …
Read More »5 things to know before the stock market opens December 8, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to drop for second day after Friday’s record Traders work on the floor of the New York Stock Exchange. NYSE The Dow was set to drop about 100 points at Tuesday’s …
Read More »Shares surge 34% on market debut
A woman stands next to signage incorporating the logo of JD.com, and the company’s mascot ‘Joy,’ at the company’s headquarters in Beijing, China. Qilai Shen | Bloomberg | Getty Images GUANGZHOU, China — Shares of JD Health, the health-care arm of Chinese e-commerce giant JD.com, surged on their debut in …
Read More »Redfin CEO says the booming Covid housing market can get even hotter
The hot housing market during the coronavirus pandemic could heat up further if more homes are put up for sale, the CEO of real estate brokerage Redfin told CNBC on Monday. “If we see people get more comfortable letting others into their home, we’re going to see more inventory on the …
Read More »Young investors ‘changed the entire character of the market’
CNBC’s Jim Cramer on Monday suggested that seasoned investors could take a cue and learn something from the stock market’s newcomers this year. “I think it’s time to stop disrespecting the younger investors who’ve nailed 2020 every step of the way and start taking them seriously,” the “Mad Money” host …
Read More »5 things to know before the stock market opens December 7, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to drop after a day of records not seen in nearly 3 years New York Stock Exchange building is seen decorated for Christmas at the Financial District in New York City, …
Read More »5 things to know before the stock market opens December 4, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow tracked for a gain ahead of November jobs report Traders work on the floor of the New York Stock Exchange. NYSE The Dow was set to rise more than 100 points at …
Read More »5 things to know before the stock market opens December 3, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures little changed after another S&P 500 record The reluctance to commit on Wall Street reflected the uncertainty around a new Covid stimulus bill from a bipartisan group of senators. Investors are …
Read More »5 things to know before the stock market opens December 2, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to drop despite U.K. approval of Covid-19 vaccine Economists expect Wednesday’s monthly ADP report on private sector jobs to show that 475,000 new positions were added at U.S. companies last month …
Read More »5 things to know before the stock market opens December 1, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to surge after best month since 1987 Dow futures pointed to a 300 point gain at Tuesday’s open, setting up Wall Street to start December with a strong rally. While stumbling …
Read More »Cramer bemoans market rotation, says FAANG names still ‘best in show’
CNBC’s Jim Cramer on Monday bemoaned the stock market rotation from the high-flying growth tech stocks and into lagging stocks in the market. “I’m so sick of hearing that it’s time to rotate into the small caps, or the oils, or the cyclical smokestack stocks,” the “Mad Money” host said. …
Read More »5 things to know before the stock market opens November 30, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow on track for best month in over 33 years A Wall Street sign is seen near the New York Stock Exchange (NYSE) in the financial district in New York, November 24, 2020. …
Read More »The athleisure market heats up as shoppers want comfort
The front of an Old Navy store this holiday season, which now features an assortment of loungewear, pajamas and athletic apparel. Source: Gap Inc. If you walk into any Old Navy store this holiday season, you’ll notice a plethora of athletic gear paired with other comfy clothes front and center. …
Read More »Boston Market small group orders surge as CDC urges limits
Boston Market has seen food orders for small groups grow exponentially, offsetting losses to the fast-casual restaurant’s catering business and signaling that families are taking the government’s advice to limit gathering sizes for Thanksgiving dinner, President Randy Miller told CNBC Wednesday. “I am optimistic that we’re actually going to exceed last …
Read More »5 things to know before the stock market opens November 25, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Stocks set to pause after record session Stocks looked to take a breather on Wednesday following a banner day on Wall Street. Dow Jones Industrial Average futures were down just 32 points, or …
Read More »Cramer calls this stock market ‘the most speculative’ he’s ever seen
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Tuesday that some of the stock gains in the market are “insane,” with investors recently buying certain names from Tesla to Royal Caribbean seemingly without regard for fundamentals or the state of the coronavirus pandemic and holding onto them. “Where …
Read More »5 things to know before the stock market opens November 24, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to continue Monday’s robust rally Dow futures pointed to an over 250 point gain at Tuesday’s open, with the Trump administration approving Joe Biden‘s transition and the president-elect set to pick …
Read More »Former subprime player shorting mortgage market
During the mortgage bubble in the early 2000s, when investors were feverishly trading faulty subprime bonds, a few savvy skeptics recognized the bonds were doomed, so they bet against them. They shorted the bonds and made billions. Now one of those players is doing the same thing, but not on subprime. …
Read More »5 things to know before the stock market opens November 23, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures rise after positive news on Covid vaccine, treatments 2. AstraZeneca Covid vaccine shows up to 90% efficacy A test tube labelled vaccine is seen in front of AstraZeneca logo in this …
Read More »Coronavirus vaccine creates market winners and losers
Promising developments on the vaccine front have sparked optimism that the pandemic’s end may be in sight. But if the market trends that immediately followed positive vaccine news are any indication, some sectors will benefit a lot more than others. Massachusetts-based biotech company Moderna said last week that its coronavirus …
Read More »5 things to know before the stock market opens November 20, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Investors assess vaccine news against Covid-19 case spikes Pfizer and BioNTech said they’ll apply with the FDA on Friday for emergency use authorization for their vaccine, the first to go through the regulatory …
Read More »Robinhood investors helped stabilize the market in March rout: co-CEO
In recent months, young retail investors have caught a lot of flak from Wall Street professionals and the investment community. Calling into question their stock acumen, money managers have blamed amateurs, who are taking advantage of commission-free trades with the tap of the finger, for driving some U.S. stocks to …
Read More »5 things to know before the stock market opens November 19, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to extend losing streak to three sessions Dow futures pointed to a decline at Thursday’s open after two straight down sessions for the 30-stock average. The Dow on Monday rallied to …
Read More »5 things to know before the stock market opens November 18, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to resume its rally Dow futures pointed to an over 100 point gain at Wednesday’s open after a rip-roaring rally to record highs this week took a pause. There are a …
Read More »China to become the world’s biggest luxury market by 2025, Bain says
A view of a person wearing mask passing by a Macy’s in Herald Square amid the coronavirus (COVID-19) outbreak on March 24, 2020 in New York City. John Nacion | NurPhoto | Getty Images The stage is set for China to become the world’s biggest luxury market by 2025, according …
Read More »5 things to know before the stock market opens November 17, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street under pressure after Dow, S&P 500 close at records Dow futures pointed to a more than 200 point drop at Tuesday’s open after two stocks in the index, Home Depot and …
Read More »5 things to know before the stock market opens November 16, 2020
1. Dow set to jump on more promising Covid-19 vaccine data Dow futures pointed to about a 500 point gain at Monday’s open after Moderna said its preliminary trial data showed its coronavirus vaccine was more than 94% effective. Last Monday’s Pfizer and BioNTech announcement of more than 90% efficacy …
Read More »What comes next for the Dow and S&P, according to market history
Market volatility to the downside may not be entirely behind us, as the last two days of trading in U.S. stocks and the Dow Jones Industrial Average just reminded investors, with a dip of more than 300 points on Thursday. But since the week of Election Day, and through the …
Read More »5 things to know before the stock market opens November 13, 2020
1. Dow set to post weekly gains despite volatility Dow futures pointed to an over 200 point gain at Wall Street’s open on this Friday the 13th of November. The Dow Jones Industrial Average sank 317 points Thursday, after a small loss Wednesday, as the U.S. kept seeing the worst …
Read More »5 things to know before the stock market opens November 12, 2020
1. Stocks set to drop as the Covid-19 vaccine-inspired rally pauses Dow futures pointed to an over 250 point decline at Thursday’s open as Wall Street worried about record spikes in new U.S. daily coronavirus cases. On Wednesday, the Dow Jones Industrial Average closed slightly lower after soaring nearly 1,100 …
Read More »Bernard Arnault is world’s second richest person amid market rally
Bernard Arnault, billionaire and chief executive officer of LVMH Moet Hennessy Louis Vuitton SE, arrives to speak as the luxury brand announces full year earnings in Paris, France, on Tuesday, Jan. 28, 2020. Christophe Morin | Bloomberg | Getty Images Luxury king Bernard Arnault has become the world’s second richest …
Read More »5 things to know before the stock market opens November 11, 2020
1. U.S. stocks set to rise, even tech stocks Traders work the floor of the New York Stock Exchange. NYSE Dow and Nasdaq futures pointed to gains at Wednesday’s open, and tech stocks bounced after two rough days. The Nasdaq closed in the red again Tuesday, down nearly 3% this …
Read More »5 things to know before the stock market opens November 10, 2020
1. Dow futures up, Nasdaq futures down as rotation out of tech continues A man wearing a mask passes the Charging Bull statue in New York’s financial district. Mark Lennihan | AP Dow futures pointed to a nearly 150 point gain at Tuesday’s open after the 30-stock average surged 834 …
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