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- Tech selloff pulls Wall Street to two-week lows as bond yields climb
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- Nvidia or Sandisk? BofA reveals which stock is under-owned and which is crowded
- Home Depot beats estimates, reaffirms fiscal 2026 guidance
- Citi says positioning risk is shifting from short squeezes to profit-taking
- Wall Street indexes slip as oil prices rise, retail results awaited
- Micron rises as White House presses Apple to avoid Chinese memory chips
- BofA sees Micron EPS topping $230 by FY30, calls peak fears overblown
- Tech selloff pulls Wall Street to two-week lows as bond yields climb
- Francisco Partners to acquire Weave Communications for $650M
Business Inventories (Sep) 0.4% vs 0.4% Expected
November 15, 2023 10:00 AM ESTBusiness Inventories (Sep) 0.4% vs 0.4% Expected
... MoreEmpire Manufacturing (Nov) 9.1 vs -3 Expected
November 15, 2023 8:31 AM ESTEmpire Manufacturing (Nov) 9.1 vs -3 Expected
... MorePPI Final Demand (Oct) -0.5% vs 0.1% Expected; Ex-Food and Energy 0.0% vs 0.3%
November 15, 2023 8:30 AM ESTPPI Final Demand (Oct) -0.5% vs 0.1% Expected; Ex-Food and Energy 0.0% vs 0.3%
... MoreRetail Sales Advance (Oct MoM) -0.1% vs -0.3% Expected
November 15, 2023 8:30 AM ESTRetail Sales Advance (Oct MoM) -0.1% vs -0.3% Expected
... MoreDoha/Cairo-Qatar Seeking To Negotiate Israel-Hamas Deal To Free About 50 Civilian Hostages In Exchange For 3-Day Ceasefire - Reuters
November 15, 2023 7:29 AM ESTDoha/Cairo-Qatar Seeking To Negotiate Israel-Hamas Deal To Free About 50 Civilian Hostages In Exchange For 3-Day Ceasefire - Reuters
Hamas Has Agreed Outlines Of Deal, Israel Has Yet To Agree And Still Negotiating Details - Official Briefed On Negotiations.Under Possible Deal, Israel Would Allow An... MoreThe Fed is most likely done says BofA after 'benign' CPI report
November 15, 2023 7:08 AM ESTBank of America economists believe the U.S. Federal Reserve likely wont have to raise interest rates again after a softer-than-expected CPI report for October.
Both headline and core CPI were below projections. Headline CPI showed minimal change on the month, increasing by 0.04% (unrounded). Consequently, the year-on-year rate declined by five-tenths to 3.2%, marking its lowest level since June 2023. The three-month... More
2024 earnings recovery is already priced in - RBC
November 15, 2023 6:24 AM ESTThe third-quarter reporting season has been solid for the S&P 500, but RBC Capital Markets strategist Lori Calvasina sees a mixed earnings setup for 2024.
Its hard to argue that the recovery isnt already baked in for 2024, Calvasina wrote in a report.
The strategist points out that bottom-up... More
Wall Street gains on easing inflation, Target's upbeat forecast
November 15, 2023 5:51 AM ESTBy Sinéad Carew and Sruthi Shankar
(Reuters) -U.S. stocks closed slightly higher on Wednesday, as fresh inflation data reinforced investor hopes that the Federal Reserve is done raising interest rates, while retail stocks were boosted by an upbeat forecast from Target.
Shares in Target surged 17.8% in its biggest one-day percentage gain since August 2019 after the retailer forecast a fourth-quarter profit largely above expectations on easing supply-chain costs.
Target's bright outlook lifted shares of other retailers including Macy's, which rose 7.5%, and Kohl's, which closed up almost 9%. The S&P 500 consumer staples index, which includes... More
Goldman Sachs sees S&P 500 returning 5% by the end of 2024
November 15, 2023 5:30 AM ESTGoldman Sachs equity strategists, including David Kostin, are out with their 2024 outlook for the U.S. equity market.
Most importantly, the strategists see the S&P 500 index ending the year at 4700. This represents a 12-month price gain of 5% and a total return of 6%, including dividends.
The baseline assumption is that the U.S. economy will continue to expand at a modest pace, avoiding a recession. Goldman anticipates earnings to rise by 5%, and the... More
