My top 10 things to watch Thursday, Nov. 20 1. The S & P 500 and Nasdaq were headed for sharply higher opens this morning as Nvidia ‘s stellar quarter reignited confidence in the artificial intelligence trade. The results boosted chip stocks, including Club holding Broadcom , which rose 4%, along with AI industrial plays,…
My top 10 things to watch Wednesday, Oct. 15 1. Bank of America’s better-than-expected earnings report this morning showed a level of charge-offs that is incredibly low. Club name Wells Fargo yesterday also set aside less money for losses. Nobody else seems to be warning about lurking bad corporate loans. Is JPMorgan the outlier here?…
Consumer stocks have been conspicuously absent from the market’s latest move to record highs. The S & P 500 is up 0.4% in October alone and touched a new intraday all-time high on Tuesday. But the consumer discretionary sector, as measured by the XLY ETF , isn’t doing as well. The XLY is down nearly…
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 on Monday and what’s on the radar for Tuesday’s session. Markets in the green The…
My top 10 things to watch Thursday, Aug. 28 1. Nvidia is accelerating when others say slowing. Beat and raise quarter . Who is right, the company or the critics who want you to trade it, not own it? The concept of “long-thinking” driving compute demand. New verticals galore. Core growth is extraordinary. On the…
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 on Monday and what’s on the radar for Tuesday’s session. All eyes on Nvidia The…
My top 10 things to watch Monday, Aug. 25 1. Bond yields rose this morning, and stocks were headed for a modestly lower open. No follow through on Friday’s big rally, which was sparked when Fed Chairman Jerome Powell signaled interest rate cuts ahead. In my weekend column, I looked at the lay of the…
The conundrum of the stock market going down ahead of Jackson Hole confounded me. With a market that had been headed down every day, except for deep cyclicals and housing-related stocks, the setup seemed extreme. By the end of the week, the bet was one way: Federal Reserve Chairman Jerome Powell , perhaps because he…