(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) Cement manufacturers Martin Marietta (MLM) and Vulcan Materials (VMC) are very similar businesses, with the shares in each company having a correlation of 92%. And right now, both stocks are toying with the prospect of breaking out to new 52-week highs and all-time highs. By our work, it is right to be accumulating each stock aggressively. Martin Marietta Materials (MLM) Buy for a breakout to new highs… Vulcan Materials (VMC) Buy for a breakout to new highs… DISCLOSURES: (None) All opinions expressed by the CNBC Pro contributors are solely…
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CNBC’s Contessa Brewer breaks down the latest earnings from Expedia. Source link
Jeff Green, CEO of The Trade Desk.Scott Mlyn | CNBCShares of The Trade Desk plummeted almost 40% on Friday and headed for their worst day on record after the ad-tech company announced the departure of its CFO and analysts expressed concerns about rising competition from Amazon.The Trade Desk, which went public in 2016, suffered its steepest prior drop in February, when the shares fell 33% on a revenue miss. In its second-quarter earnings report late Thursday, the company beat expectations on earnings and revenue, but the results failed to impress investors.The Trade Desk, which specializes in providing technology to companies that want…
Jess Carter of England running during the UEFA Women’s EURO 2025 Final match between England and Spain.Richard Sellers/allstar | Getty Images Sport | Getty ImagesEngland Lioness and Gotham FC defender Jess Carter said social media companies can do more to police hate comments online after she faced racial abuse during the Euro 2025 tournament.Carter, a defender for the American soccer team Gotham FC, is part of the England women’s national team, nicknamed the “Lionesses,” that just secured a historic win in the Euro 2025 championships after defeating Spain on penalties in the final in Switzerland in July.Carter had to take…
These are the stocks posting the largest moves in midday trading. Source link
The stock market’s bull run is about to take a pause as economic growth continues to slow, according to Andrew Garthwaite, chief global equity strategist at UBS. The widely followed strategist pointed to implied intra-index volatility, which is close to the bottom end of its range, vulnerable for a reversal. Additionally, the Wall Street firm said it believes the U.S. economic data is poised to continue to deteriorate, threatening the market’s bull run. “When it rises, cyclicals have tended to underperform 84% of the time,” Garthwaite said in a note to clients, referring to implied volatility. “We continue to think August…
Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesArtificial intelligence has been a shot in the arm for digital advertising.Meta and Alphabet both reported sales and earnings that beat Wall Street’s expectations, but the strength in digital ad spend was notable.Meta CEO Mark Zuckerberg said during the earnings call that AI helped imbue “greater efficiency and gains across our ad system,” thus contributing to the 22% year-over-year increase of second-quarter sales that hit $47.52 billion.Meta finance chief Susan Li also told…
Lip-Bu Tan, CEO of Intel, appears at an event organized by the company.Andrej Sokolow | Picture Alliance | Getty ImagesIntel CEO Lip-Bu Tan addressed “misinformation” about his previous roles after President Donald Trump called for his resignation and raised ethical concerns.” I want to be absolutely clear: Over 40+ years in the industry, I’ve built relationships around the world and across our diverse ecosystem – and I have always operated within the highest legal and ethical standards,” he wrote in a memo to employees on Thursday.Tan said Intel is working with the White House to address the situation and that he…
Gold futures hit a record high on Friday after U.S. authorities said tariffs should be imposed on some gold bars — and some strategists say there is more upside ahead for the metal. U.S. gold futures for December delivery touched on an all-time high of $3,534.10 on Friday morning, before climbing down to trade at around $3,495 by 10 a.m. ET. Spot gold , meanwhile, was little changed at around $3,400 per ounce. @GC.1 1D line Gold futures price It came after a “ruling” letter from the U.S. Customs and Border Protection agency (CBP) suggested cast gold bars from Switzerland…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Stocks advanced Friday as Wall Street looks to close out a winning week. The S & P 500 and Dow Jones Industrial Average were solidly higher. Meanwhile, the tech-heavy Nasdaq Composite is on track for another record closing high. Next week all eyes will be on a slew of U.S. economic data, most notably on the inflation front. The consumer price index is due out Tuesday morning and carries implications for the Federal Reserve’s…
