Jeremy Siegel Scott Mlyn | CNBC (This story is for CNBC Pro subscribers only.) Wharton School’s Jeremy Siegel told CNBC on Friday that he believes the stock market’s strong rebound from the coronavirus-era bottom can continue into next year. But the finance professor added he believes long-term returns may be lower than the historical average. … Read more
One of November’s worst performers could soon see a sustained comeback. That was two traders’ takeaway from a review of some of the month’s biggest S&P 500 laggards, including but not limited to: The above declines are as of Wednesday’s close. “Several of these turkeys … have definitely violated uptrends in this last month, but … Read more
Barclays Bank building Chris Ratcliffe | Bloomberg | Getty Images Barclays has backed European equities to hit new highs in 2021, with 13% potential upside for the Stoxx 600 and two stocks offering more than 50% potential returns. In their 2021 outlook, equity analysts at the bank said a stock market rally would mostly be … Read more
Ford CEO Jim Farley takes off his mask at the Ford Built for America event at Fords Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Images (This story is for CNBC Pro subscribers only). Ford‘s pivot to electric vehicles lacks a clear direction and its share price will suffer … Read more
U.S. stock futures rose slightly on Tuesday night following a banner day for three of the for major market benchmarks. Dow Jones Industrial Average futures traded higher by 52 points, or 0.2%. S&P 500 futures also climbed 0.2% and Nasdaq 100 futures advanced 0.3%. The Dow broke above 30,000 for the first time on Tuesday, … Read more
When the U.S. can fully open up and get to the other side of the coronavirus crisis, Wall Street will celebrate like its 1933, according to CNBC’s Jim Cramer. In his first reaction to a banner day for the Dow Jones Industrial Average, where the blue-chip index broke through and closed above the 30,000 level … Read more
CNBC’s Jim Cramer said Tuesday that some of the stock gains in the market are “insane,” with investors recently buying certain names from Tesla to Royal Caribbean seemingly without regard for fundamentals or the state of the coronavirus pandemic and holding onto them. “Where are the profit-takers” after these dizzying moves higher? the “Mad Money” … Read more
Justin Tallis | AFP | Getty Images (This story is for CNBC Pro subscribers only.) Bank of America sees modest gains in U.S. stocks next year as the major averages already have a successful Covid-19 vaccine and economic recovery mostly baked in. The Wall Street firm’s 2021 year-end price target for the S&P 500 is … Read more
People walk past a Dunkin’ store on October 26, 2020 in New York City. Michael M. Santiago | Getty Images Inspire Brands’ $11.3 billion purchase of Dunkin’ in late October was the biggest deal in the restaurant industry in more than six years, signaling a broader restart to dealmaking after the disruption of the coronavirus … Read more
Traders work at the New York Stock Exchange in New York, the United States, on Dec. 13, 2019. Xinhua News Agency (This story is for CNBC Pro subscribers only). The Monday before Thanksgiving kicks off the holiday season in the United States, and that tends to be a time of celebration for investors. Since 1995, … Read more