Palantir ‘s high valuation leaves little rescue opportunities amid the ongoing sell-off , according to Ritholtz Wealth Management CEO Josh Brown. “It’s not like the value guys are waiting and saying, ‘OK, here is where we pounce,’” Brown said Thursday on CNBC’s “Halftime Report.” “It’s kind of in a no-man’s land — it’s either momentum,…
When we talk during the 9 a.m. ET hour of CNBC’s “Squawk on the Street,” the morning show I love so much, there’s never time to flesh things out. We hit topic after topic: bang, bang, bang. Occasionally, though, Carl Quintanilla will serve it up, I’ll lob it back, and then David Faber smashes it…
My top 10 things to watch Friday, Jan. 24 1. Wall Street has a new industrial growth favorite: GE Aerospace . Multiple price target boosts for the engine maker following yesterday’s better-than-expected earnings report, which sent shares up 6.6% in the session. JPMorgan went to $210 a share from $190. UBS went to $235 from…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the S & P 500 closed at a fresh record, and what’s on the…
Wall Street rediscovered its winning ways last week, thanks to some promising inflation data. Investors are now focusing on Donald Trump’s first week back in the White House and another bundle of earnings. It was no surprise to see relatively muted action last Monday and Tuesday, given markets were reeling from a hot December jobs…
Next week’s Inauguration Day will finally clear up for investors what exactly Donald Trump’s return to the White House means for markets. Last year, in the immediate aftermath of Trump’s November victory, stocks rallied in a so-called “Trump bump” that lifted those parts of the market expected to benefit most from the president-elect’s pro-growth policies…
Wall Street is cheering a potential revival of mergers and acquisitions when the new Trump administration takes office, and bankers and investors alike are already trying to find out what deals could be coming first. The combination of rate hikes from the Federal Reserve and an aggressive antitrust approach, embodied by Federal Trade Commission Chair…
Photo: DIMITRIS KAPANTAIS (Getty Images) It is generally expected that Trump will favor policies that would benefit American oil companies. Non-renewable energy stocks, which provide services to the oil and energy industry, performed well after his victory. EQT (EQT), a natural gas producer that engages in hydrocarbon exploration and pipeline transport, has surged since Trump’s…
Tesla and a handful of other so-called Trump trades led the market rally this week as investors welcomed the Republican’s victory in the presidential election. The S & P 500 has climbed more than 4% since Monday began, touching above 6,000 and on track to notch its best week in about a year. These gains…
With President-elect Donald Trump returning to the White House for a second term , there will be sweeping policy changes that could impact certain areas of the stock market, BTIG said in a note Wednesday. “As is often the case following elections, the market will now begin the process of attempting to separate rhetoric from…