CNBC Pro: What a technology fund manager expects from Apple and Alphabet’s earnings this week Microsoft gave a disappointing sales forecast last week, but inventory has since increased. What does that mean for the other Big Tech companies that are going to report earnings? Tech fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 … Read more
Famed shortseller Jim Chanos sees an alarming trend in the market. “I’ve been on the street [since] 1980 [and] no bear market has ever traded more than nine times to 14 times previous peak earnings,” Chanos & Co.’s founder said. Monday on CNBC’s “Fast Money.” His latest warning comes in the midst of earnings season, … Read more
CNBC’s Jim Cramer said Monday that the benchmark S&P 500 could be at a critical juncture this week. “The charts, as interpreted by Mark Sebastian, suggest that we are approaching a decisive moment here. If the S&P 500 can avoid a major drop this week, it is optimistic about the future – on the other … Read more
An employee stands next to a Whirlpool washing machine in a home appliances showroom in New Delhi. Anindito Mukherjee | Reuters Check out the companies making headlines after the bell: NXP Semiconductors — Shares of NXP Semiconductors fell 3% in extended trading after first-quarter revenue guidance fell short of analyst expectations, according to FactSet. The … Read more
Check out the companies making headlines during Monday afternoon trading. Macy’s flagship store at Herald Square in New York, December 23, 2021. Scott Mill | CNBC Colgate-Palmolive — Shares rose 2.8% after Morgan Stanley upgraded the stock from an equal weight to overweight and named it the top pick in the home and personal care … Read more
Gautam Adani, chairman of Indian conglomerate Adani Group, at the World Congress of Accountants in Mumbai on Nov. 19, 2022. Founder Gautam Adani, Asia’s richest man and once second only to Elon Musk, dropped out of the top five richest in the world to seventh on Bloomberg’s Billionaire Index. Indranil Mukherjee Afp | Getty Images … Read more
Equity futures were slightly lower on Sunday evening as investors geared up for a week of significant corporate earnings and a possible rate hike by the Federal Reserve. Futures linked to the Dow Jones Industrial Average fell 56 points, or about 0.2%. S&P 500 futures were down 0.2% and Nasdaq 100 futures were down 0.2%. … Read more
Visitors on Central Street of the Taipa Village in Macau, China, on Wednesday, January 25, 2023. Tourism and spending are reviving in Macau as the Lunar New Year holiday spurred visitor numbers after the pandemic travel restrictions between the area and mainland China . Bloomberg | Bloomberg | Getty Images Stocks in the Asia-Pacific traded … Read more
Bank of America analysts say there are still plenty of opportunities to buy stocks as earnings reports continue to come out. The company recommends a slew of companies that investors should own ahead of the company’s quarterly results. CNBC Pro sifted through Bank of America’s recent research to find the most attractive stocks that are … Read more
CNBC’s Jim Cramer told investors on Friday to avoid stocks in the Nasdaq Composite and instead bet on names listed in the Dow Jones Industrial Average. While tech has started the new year strong, and it was insanely good today, the charts, as interpreted by Larry Williams, say you should be a little wary of … Read more
