CNBC’s Jim Cramer on Wednesday said consumers right now aren’t focused on brand names, but on companies that can provide the most value. “Prices have gotten so high over the past few years that we’re losing our loyalty to brands,” he said. “These days, this whole country is about one thing: The Benjamins.” Cramer used…
Nvidia CEO Jensen Huang arrives at the launch of the supercomputer Gefion, at the Vilhelm Lauritzen Terminal in Kastrup, Denmark, Oct. 23, 2024. Ritzau Scanpix | Mads Claus Rasmussen | Via Reuters Nvidia reports fiscal third-quarter earnings Wednesday after the market closes. Here’s what Wall Street is looking for, per LSEG consensus estimates: Revenue: $33.16…
My top 10 things to watch Wednesday, Nov. 20 1. Target is the disaster du jour. The stock sank more than 15% after the retailer missed on quarterly earnings and revenue and cut guidance. Discretionary spending is just not that. Consumers are being choosy. There’s some hope on the horizon: Still has $9.4 billion on…
Nvidia earnings results this week are more important to the stock market than the Federal Reserve or even jobs data, according to the options market. The artificial intelligence chipmaker is set to release results Wednesday after the stock market closes, moving back into the spotlight on Wall Street following a lengthy focus on the U.S….
In This Story After Morgan Stanley’s (MS-0.90%) bullish outlook, another financial giant has joined the optimistic chorus for the S&P 500 in 2025. What’s more, it expects the growth of the S&P 500 to occur without relying on the outperformance of the Magnificent Seven, marking a notable shift in market dynamics. How AI is revolutionizing…
Despite rising competition, Nvidia holds 80% of the fast-growing market for artificial intelligence chips as the tech industry’s graphics processing unit, or GPU, of choice for making and deploying generative AI software. What investors will want to see when Nvidia reports its third-quarter earnings on Wednesday is whether it can continue to grow at a…
Goldman Sachs is out with its much anticipated 2025 equity outlook to clients and it calls for stocks to gain 11% from here (12% total return with dividends) as a growing economy and improving profit margins fuel sizable earnings growth. “Our view is predicated on continued US economic expansion, earnings growth of 11% in 2025…
Brendan Carr speaks during a House Committee on Energy and Commerce Subcommittee on Communications and Technology Hearing titled Connecting America. The Washington Post | The Washington Post | Getty Images President-elect Donald Trump will tap Brendan Carr, a critic of the Biden administration’s telecom policies and Big Tech, as chairman of the Federal Communications Commission, he said…
The iShares Expanded Tech-Software Sector ETF (IGV) has been getting a lot of attention, and rightly so. Since May 2024, the ETF has notably outperformed the greater SPDR Technology Trust ETF (XLK) : +23% vs. +10%. Things have recently accelerated in November, and Tuesday, the IGV Software ETF was one of just three ETFs we…
Traders work at the New York Stock Exchange (NYSE), Friday, November 8, 2024. Source: NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you…