With Goldman Sachs labeling 2024 as “the year of the stock picker,” the firm is highlighting equities that the options market is signaling could be poised for sharp moves after the release of quarterly reports. “Options prices have risen in reaction to geopolitical events and in anticipation of seasonally high earnings volatility, the US election, and the November FOMC meeting,” John Marshall, head of derivatives research at Goldman wrote on Thursday. “This rise in nervousness has increased the potential for relief rallies for stocks on their respective earnings events.” Reports from JPMorgan Chase and Wells Fargo marked the beginning of…
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Tom Brady, a surefire future Pro Football Hall of Fame inductee and arguably the greatest player in NFL history, could be on the precipice of NFL ownership.Brady and businessman Tom Wagner, the co-founder of Knighthead Capital Management, came to an agreement with Las Vegas Raiders owner Mark Davis to buy into the franchise last year. Their bid will be discussed at the NFL’s owners’ meetings on Tuesday in Atlanta, according to a league source. The league’s financial committee will review Brady’s bid, with a potential vote to follow.GO DEEPERTom Brady’s ownership bid for Raiders to be discussed at owners meeting…
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Investors who fear stubborn inflation, if not an outright rebound, got a bit of a salve on Friday morning. Wholesale prices showed no change month over month for September, coming in below expectations. The producer price index report may help offset some of the slight concerns about Thursday’s consumer price index report, which was a bit hotter than expected. The details within the reports are another reason to stay calm, David Seif, chief economist for developed markets at Nomura Securities, said on ” Squawk Box .” “The key thing for the Fed is their preferred measure of inflation, core PCE.…
Jeff Shell, CEO of NBCUniversal, speaks during a conference at the Cannes Lions International Festival of Creativity in Cannes, France, June 22, 2022. Eric Gaillard | ReutersLess than two years after NBCUniversal fired Jeff Shell for alleged sexual harassment, the former CEO is close to finding himself back in the saddle leading a storied media company.The longtime media executive is primed to help run the day-to-day media operations of Paramount Global as president of the company when its merger with Skydance Media closes in the first half of 2025, assuming regulatory approval. He’ll report to current Skydance CEO David Ellison, who…
JPMorgan Chase CEO and Chairman Jamie Dimon speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023.Evelyn Hockstein | ReutersJPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East and with Russia’s invasion of Ukraine showing no signs of abating.”We have been closely monitoring the geopolitical situation for some time, and recent events show that conditions are treacherous and getting worse,” Dimon said Friday in the bank’s third-quarter earnings release.”There is significant human suffering, and the…
Here are the biggest calls on Wall Street on Friday: Bank of America reiterates Broadcom as buy Bank of America says the that Broadcom remains a top pick at the firm following a series of investor meetings. “As expected, the meeting focused on AVGO’s growing AI opportunity, around $12bn or 24% of sales in FY24, with a longer-term TAM [total addressable market] of $100-$125bn, focused largely on growing internal workloads.” UBS reiterates Advanced Micro Devices as buy UBS called AMD’s AI event on Thursday a “mixed bag” but says it’s sticking with the stock. “AMD’s AI event was, in our…
Wells Fargo reported lower earnings and revenue for the third quarter than a year ago on Friday amid a sizable decline in net interest income.Here’s what the bank did compared with Wall Street estimates, based on a survey of analysts by LSEG:Earnings per share: $1.42 per share, not comparable to the $1.28 cents estimateRevenue: $20.37 billion versus $20.42 billion expectedShares of the bank rose 3% in premarket trading after the results.The San Francisco-based lender posted $11.69 billion in net interest income, a key measure of what a bank makes on lending. The number marked an 11% decrease from the same quarter last…
(This is CNBC Pro’s live coverage of Thursday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) Goldman getting more bullish Nvidia was the call of Friday morning so far. Morgan Stanley was also positive on Elli Lilly ahead of earnings while JPMorgan Chase upgraded Ferrari and Bank of America raised its price target for Kinder Morgan. Check out the latest calls and chatter below. All times ET. 7:12 a.m. Bank of America upgrades gas pipe stock on AI demand Energy infrastructure company Kinder Morgan is an artificial intelligence beneficiary, according to Bank…
Buying a home can be the most expensive, confusing and scary process you’ll ever go through. It’s hardly something you dive into overnight.Even if you’re not ready to put in a bid — or even get preapproved for a mortgage — there are plenty of things you can do to put yourself in a good position when you are ready to pull the trigger.How to prepare for a home purchaseCompare mortgage lendersSave as much as you canEven with the help of a mortgage loan, purchasing a house requires a lot of upfront costs. You’ll have to come up with a…
