The options market braced for bigger-than-usual moves in the shares of a trio of trillion-dollar companies the day after quarterly earnings were released. This is because the implied volatility, or how much a stock can be expected to move over a certain period, of shares of Apple Inc. AAPL, +2.81%, Alphabet Inc. GOOGL, +6.14% and … Read more
S&P 500 futures advanced late Wednesday as investors looked past the latest interest rate hike and comments from the Federal Reserve. Broad index futures added 0.4%. Nasdaq 100 futures gained 1%, helped by Meta stocks. Dow Jones Industrial Average futures were down 9 points, almost flat. Meta jumped more than 19% in extended trading after … Read more
Rocket Pharmaceuticals could soar as a trial with blockbuster potential enters a pivotal phase, according to Morgan Stanley. Analyst Michael Ulz launched the stock overweight with a price target of $45. This target price implies that the stock will rise 107.1% from Tuesday’s close. Ulz called Rocket a “leading gene therapy company” capable of finding … Read more
Traders on the NYSE floor Source: NYSE Stock futures fell on Wednesday as investors anticipated Wednesday’s Federal Reserve meeting. Futures contracts linked to the Dow Jones Industrial Average lost 140 points or 0.4%. S&P 500 futures and Nasdaq Composite futures fell 0.4% and 0.3%, respectively. The Fed will announce at 2:00 p.m. (ET) how much … Read more
Text size A scene from the floor of the New York Stock Exchange last week. Michael M. Santiago/Getty Images The stock market has just closed a positive month of January. On the heels of last year’s bear market, and combined with other recent moves, this is a particularly positive signal. The S&P500 ended January with … Read more
The Snapchat logo displayed on a phone screen is seen with a laptop in the background in this illustration photo taken in Krakow, Poland August 10, 2022. Jakub Porzycki | Nurphoto | Getty Images Find out which companies are making headlines after hours. Break – Shares of social media company Snap fell 14% after the … Read more
Nathan Stirk | Getty Images News | Getty Images Find out which companies are making headlines before the bell. McDonald’s — Shares fell more than 1% after McDonald’s released its latest quarterly results. The fast-food giant beat revenue and earnings estimates, saying customers are increasingly visiting its restaurants. Still, McDonald’s CEO Chris Kempczinski said he … Read more
Attendees line up under a large LED display of smart home products to enter the Samsung Electronics booth, during the Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2023. Patrick T. Fallon | AFP | Getty Images Semiconductor stocks in Asia fell as South Korean chip giant Samsung Electronics suffered its worst … Read more
Famous short seller Jim Chanos sees an alarming trend in the market. “I’ve been on the street [since] 1980 [and] no bear market has ever traded above nine times to 14 times previous peak earnings,” the Chanos & Co. founder told CNBC’s “Fast Money” on Monday. His latest warning comes midway through the earnings season, … Read more
CNBC’s Jim Cramer said Monday that the benchmark S&P 500 could be at a pivotal moment this week. “The charts, as interpreted by Mark Sebastian, suggest that we are approaching a watershed moment here. If the S&P 500 can avoid a major decline this week, it feels optimistic about the future – on the other … Read more
