Howard Marks, Co-Chairman, Oaktree Capital David A. Grogan | CNBC Investors should take some risk off the table in 2020 given some of the challenges the market faces, billionaire investor Howard Marks said on Tuesday. “The economic expansion and the bull market are old,” Marks told CNBC’s Wilfred Frost. “Valuations are above average. There’s a
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Veteran trader Art Cashin told CNBC on Tuesday that investors are wary of positive U.S.-China trade reports after having been let down in the past. “This market has had its heart broken time and time again,” said Cashin, director of UBS floor operations at the New York Stock Exchange. Stocks have reacted wildly to reports
J.P. Morgan stock is up more than 37 percent this year, but analysts at Keefe Bruyette & Woods don’t expect a repeat of that performance in 2020. The firm downgraded the stock to “market perform” from “outperform,” and placed a target price of $135 on the shares, which were trading for $134.41 at the close
Shares of Agilent Technologies gained more than 3% in after-hours trading on Monday after hedge fund investor Bill Ackman revealed he has taken a stake in the lab testing equipment maker. A regulatory filing showed Ackman’s hedge fund, Pershing Square Capital, owns more than 2.9 million Agilent shares, bringing his stake to around $246 million.
Man shopping at Walmart in Toronto, Canada. Roberto Machado Noa | LightRocket | Getty Images Wall Street is getting defensive. Stocks have had a great run this year — hitting all-time record highs — but uncertainty around the U.S.-China trade war and the 2020 election paint a tepid picture for markets in the new year.
Whirlpool’s Scan-to-Cook technology Ethan Miller | Getty Images Here are the biggest calls on Wall Street on Friday: Morgan Stanley increased its bull case price target on Tesla to $500 from $450 Morgan Stanley raised its bull case on the stock and said that scenario could play out if the Cybertruck is a success and
CNBC’s Jim Cramer said Friday no matter your view on President Donald Trump there’s no denying we’re living in the best labor market in more than a generation. “You can’t contradict that these are the best numbers of our lives. You can’t,” said Cramer, 64, following the government report showing the U.S. economy created a
A WeWork office in San Francisco Kate Munsch | Reuters WeWork’s dramatic fall has led to SoftBank CEO Masa Son’s questioning his own judgement, but one analyst still believes the bank will come out on top eventually with the massive investment in the reeling space-sharing company. “Despite the huge embarrassment WeWork has been for SoftBank this
A pedestrian walks past a stock indicator displaying numbers of the Tokyo Stock Exchange and the world’s major markets in Tokyo. Kazuhiro Nogi | AFP | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) U.S. equities have been
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Astronomical auction prices may have defined the art market in recent years, but new research shows that over the long-term the value of art has steadily climbed, delivering returns relatively in-line with
World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 Ethan Miller | Getty Images Entertainment | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter.
Smith Collection | Gado | Getty Images RBC Capital thinks that there is a quickly growing but overlooked part of Amazon’s business – namely, Amazon Business – with revenue that will exceed more than $30 billion in just a few years. “We believe Amazon Business has largely been ignored by investors,” RBC Capital Markets analyst
“The Wolves of Wall Street I” David Yarrow | Maddox Gallery An homage to excess, featuring the signatures of two Hollywood legends, quickly banked $200,000 from an unnamed buyer this week. The black-and-white “Wolves of Wall Street I,” by famed British photographer David Yarrow, sold at Art Miami within 10 minutes of the art fair’s
John Legere, chief executive officer and president of T-Mobile US Inc., left, listens as Marcelo Claure, chief executive officer of Sprint Corp., speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, April 30, 2018. Michael Nagle | Bloomberg | Getty Images T-Mobile is considering
Chime CEO Chris Britt Source: Chime A war is brewing in digital banking, and one leading player just loaded up on ammunition. Chime, the largest of a new breed of branchless U.S. banks, raised $500 million in a series E round it closed recently valuing the company at $5.8 billion, according to people with knowledge
Workers walk outside the Tesla Inc. Gigafactory in Shanghai, China, on Friday, Nov. 1, 2019. Qilai Shen | Bloomberg | Getty Images Morgan Stanley increased its “bull case” for Tesla to $500 a share on Thursday, in the firm’s calculation of a best case scenario for the company’s value if Cybertruck is successful and the
2020 Democratic Presidential candidate Senator Elizabeth Warren at a Warren Indianola Town Hall at Simpson College in Indianola, Iowa on Sunday October 20, 2019. Melina Mara via Getty Images Those in search of a real-time, market-based way to make money on the possibility that Sen. Elizabeth Warren wins the Democratic nomination need look no further
Source: Robinhood Free stock-trading start-up Robinhood just reached more than 10 million accounts, the company said Wednesday. The Silicon Valley start-up, mostly used by millennials to trade stocks and cryptocurrency, has grown rapidly from its one million subscribers in 2016 and six million accounts in October of 2018. Robinhood has attained its growth while disrupting
A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images U.S. stock markets are near record high levels and UBS strategists are predicting a continued slowdown in the economy, which the firm expects will pressure the S&P 500 until the
Billionaire businessman Ken Langone told CNBC that he used Tuesday’s stock market drop as a buying opportunity. “Where else can you go to get some kind of a decent rate of return, than equities,” Langone said. “Balance sheets are in pretty good shape. I think the economy has got 1.5% to 2% in it next
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