(This is an actual research report from Trivector’s Adam Parker, reprinted for CNBC Pro subscribers with permission. Click here to subscribe to Trivector.) Investors with whom we are speaking appear well-aware of the potential negatives for the U.S. equity market. However, this awareness seems to be taking a back seat to FOMO (fear of missing out) on the current uptrend in the market. We share in some of that optimism as we see a path to 10% EPS growth for the S & P 500 , with a low 20x price-to-forward earnings ratio – elevated versus history but justified by…
Author: usaeverydaylife
The final trades of the day with CNBC’s Mike Santoli and the “Fast Money” traders. Source link
A Rivian R1T electric vehicle (EV) pickup truck is parked at the Rivian Venice Hub on November 13, 2024 in Venice, California. Mario Tama | Getty ImagesRivian Automotive reported a higher-than-expected quarterly loss on Tuesday as disruption in supply of rare earth metals used to make parts of its electric vehicles raised costs and income from credits sold to traditional automakers dwindled.China’s curbs on the export of heavy rare earth metals — essential components for motors — sharply increased material costs and disrupted supply chains, driving up the cost of EV production in the U.S.The company reported an adjusted loss per…
A general view of a U.S. State Department sign outside the U.S. State Department building in Washington, D.C., U.S., July 11, 2025. Annabelle Gordon | ReutersThe State Department is set to launch a new pilot program later this month that will require foreign visitors planning travel to the U.S. from certain countries to post bonds of up to $15,000, according to a temporary final rule published in the Federal Register Tuesday.The program, scheduled to begin Aug. 20 and last until Aug. 5, 2026, will specifically apply to people in certain foreign countries applying for B-1 or B-2 visas for business or tourist…
These are the stocks posting the largest moves in after-hours trading. Source link
A Lucid Air electric vehicle (EV) at the company’s showroom in Tysons, Virginia, US, on Saturday, Feb. 17, 2024. Samuel Corum | Bloomberg | Getty ImagesLucid Group on Tuesday softened its production outlook for the rest of the year as it reported second-quarter earnings that missed Wall Street expectations.The electric vehicle maker now anticipates producing between 18,000 and 20,000 vehicles for the year after previously projecting a goal of 20,000.Interim CEO Marc Winterhoff told CNBC Tuesday that the company is still aiming for the high end of that range.”I have never seen so many surprises within a year as this…
Key PointsCaterpillar’s operating profit fell 18% compared with the same period last year due to President Donald Trump’s tariffs.Eaton provided third-quarter earnings guidance that missed Wall Street expectations.Caterpillar’s and Eaton’s results cast doubt on the performance of the industrial sector, one of the hottest trades this year.Caterpillar and Eaton reported financial results Tuesday that disappointed investors as President Donald Trump ‘s tariffs start to bite, casting doubt on an industrial sector that was one of Wall Street’s hottest trades this year. Caterpillar’s quarterly profit took a big hit compared to the same period last year as Trump’s tariffs increased manufacturing…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyPeter Boockvar, One Point BFG Wealth Partners CIO, joins ‘Fast Money’ to discuss today’s data and outlook for rates and the Fed’s next moves.04:4222 minutes ago Source link
A combination image shows an injection pen of Zepbound, Eli Lilly’s weight loss drug, and boxes of Wegovy, made by Novo Nordisk. Hollie Adams | ReutersA version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions.For once, the Trump administration may be giving some drugmakers a reason to celebrate.The Trump administration is planning to experiment with covering costly weight loss drugs under Medicare and Medicaid, the Washington Post reported on Friday. That plan could expand access to millions of Americans with obesity who…
Charles Liang, CEO of Super Micro, speaks at the Computex conference in Taipei, Taiwan, on June 1, 2023.Walid Berrazeg | Sopa Images | Lightrocket | Getty ImagesSuper Micro Computer shares slid 15% in extended trading on Tuesday after the server maker reported disappointing fiscal fourth-quarter results and issued weak quarterly earnings guidance.Here’s how the company did in comparison with LSEG consensus:Earnings per share: 41 cents adjusted vs. 44 cents expectedRevenue: $5.76 billion vs. $5.89 billion expectedSuper Micro’s revenue increased 7.5% during the quarter, which ended on June 30, according to a statement.For the current quarter, Super Micro called for 40…
