Bank of America thinks there’s a slate of stocks worth snapping up and still have room to run. The firm said buy-rated companies like Nvidia have plenty of upside heading into summer. Other names include Philip Morris, Boot Barn, Amazon and Netflix . Netflix The streaming giant is firing on all cylinders and well positioned for growth, according to the firm. Analyst Jessica Reif Ehrlich recently raised her price target on the stock to $1,490 per share from $1,175, reflecting on her bullish thesis. “Year-to-date, Netflix has been a top performer in our coverage driven by: sustained earnings momentum, positive…
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GE Aerospace and Howmet Aerospace are vulnerable to pullbacks after entering deep overbought territory this week. Each stock climbed more than 3% this week, outperforming the S & P 500 ‘s 1.5% gain in the same period. The stocks have come so far so fast that now GE Aerospace and Howmet have the two highest 14-day relative strength index, or RSI, readings in the S & P 500. CNBC Pro used its stock screener tool available for subscribers to find the most oversold stocks as measured by the 14-day RSI. Stocks that have a 14-day RSI above 70 are viewed…
A wheel loader operator fills a truck with ore at the MP Materials rare earth mine in Mountain Pass, California, January 30, 2020.Steve Marcus | ReutersThe rare-earth miner MP Materials will enjoy growing strategic value to the U.S., as geopolitical tensions with China make the supply of critical minerals more uncertain, according to Morgan Stanley.The investment bank upgraded MP Materials to the equivalent of a buy rating with a stock price target of $34 per share, implying 32% upside from Friday’s close.MP Materials owns the only operating rare earth mine in the U.S. at Mountain Pass, California. China dominates the…
The Taihuttus on a ski trip to Sierra Nevada in southern Spain. They sold everything they owned in 2017 to bet on bitcoin — and now travel full-time as a family of five.Didi TaihuttuA wave of high-profile kidnappings targeting cryptocurrency executives has rattled the industry — and prompted a quiet security revolution among some of its most visible evangelists.Didi Taihuttu, patriarch of the so-called “Bitcoin Family,” said he overhauled the family’s entire security setup after a string of threats.The Taihuttus — who sold everything they owned in 2017, from their house to their shoes, to go all-in on bitcoin when…
Xavier Lorenzo | Moment | Getty ImagesGen Z seems to have a case of economic malaise.Nearly half (49%) of its adult members — the oldest of whom are in their late 20s — say planning for the future feels “pointless,” according to a recent Credit Karma poll.A freewheeling attitude toward summer spending has taken root among young adults who feel financial “despair” and “hopelessness,” said Courtney Alev, a consumer financial advocate at Credit Karma.They think, “What’s the point when it comes to saving for the future?” Alev said.That “YOLO mindset” among Generation Z — the cohort born from roughly 1997…
Markets applauded the upside surprise Friday from the May jobs count, but traders will want to keep their eyes and ears open in coming months for significant signs of weakness that also appeared in the report. From a headline view, the 139,000 gain in nonfarm payrolls provided a nice bit of relief for a market on edge over the direction of the economy and the impact that President Donald Trump’s tariffs might bring. However, several factors in the report bear watching, if not as a signal of impending doom than at least yellow flags that the labor market is a…
Brendon Thorne | Bloomberg | Getty ImagesChina’s central bank added gold to its reserves in May for the seventh straight month, official data from the People’s Bank of China (PBOC) showed on Saturday.Spot prices for gold, often seen as a refuge from economic and geopolitical uncertainty, were steady in May after hitting an all-time high of $3,500 per ounce in April.China’s gold reserves rose to 73.83 million fine troy ounces at the end of May from 73.77 million ounces at the end of April.Its gold reserves were valued at $241.99 billion at the end of last month, down from $243.59 billion at the end of April, the…
A Thai soldier stands guard in the area of Prasat Ta Muen Thom, a disputed border area between Thailand and Cambodia in Surin province, Thailand, on March 5, 2025.Nurphoto | Nurphoto | Getty ImagesThailand has reinforced its military presence along a disputed border with Cambodia, following an increase in troops on the other side, Thailand’s defence minister said on Saturday, as tensions simmer following a deadly clash.For days, the two Southeast Asian governments have exchanged carefully worded statements committing to dialogue after a brief skirmish in an undemarcated border area on May 28 in which a Cambodian soldier was killed.But Phumtham Wechayachai, who…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin bounces back after an only feud between President Trump and Elon Musk put pressure on crypto. Plus, Switzerland considers sharing crypto tax information with dozens of countries. And, JP Richardson of Exodus shares his outlook for bitcoin in the second half of the year, and he weighs in on recent crypto-linked kidnapping fears.11:02Fri, Jun 6 20253:00 PM EDT Source link
The NCAA logo and a game ball as the South Carolina Gamecocks warm-up before the game against the UConn Huskies during a Women’s Basketball Tournament National Championship game at Target Center.Andy Lyons | Getty Images Sport | Getty ImagesA U.S. judge on Friday granted final approval to a $2.8 billion settlement with the National Collegiate Athletic Association that will allow schools for the first time to compensate student athletes for past and future commercial use of their names, images and likenesses.The settlement, approved in a ruling by U.S. District Judge Claudia Wilken in the Oakland, California, federal court, resolves long-running litigation between the NCAA…
