6 Hours Ago
CNBC Pro: This emerging market fund has outperformed over 1, 5 and 10 years. Here’s how
10 Hours Ago
There’s good news for equities in the week ahead, Bank of America says
Bank of America sees good news in the week ahead for equities, with risk skewed to the upside.
“Our economists see no sign of stagflation and expect a continued manufacturing recovery and strong job growth, which should be positive for stocks,” wrote strategist Ohsung Kwon in a note from Monday.
Kwon elaborated that this week’s manufacturing report should indicate that the manufacturing recession has ended. Additionally, Friday’s April jobs report is also likely to indicate strength and “little sign of slowing momentum in the labor market,” the strategist noted.
— Lisa Kailai Han
6 Hours Ago
CNBC Pro: Dividends and buybacks are in the spotlight. Goldman Sachs names global stocks to play the theme
Balance sheets “look healthy,” cash flow generation is “attractive,” and dividends and buybacks are set to be resilient, Goldman Sachs says.
“Shareholder returns are poised to reach an all-time high,” the bank said in an April 23 note.
But not all stocks offering buybacks and dividends are equal, Goldman said.
It highlighted its baskets of buyback stocks for a diversified strategy. This basket offers a high single-digit yield with roughly 4% via buybacks plus 4% via dividends — with a sector breakdown as close as possible to the market, said Goldman.
CNBC Pro subscribers can read more here.
— Weizhen Tan
11 Hours Ago
16 stocks in the S&P 500 hit new 52-week highs
A Chipolte restaurant stands in Manhattan on February 06, 2024 in New York City. Chipotle Mexican Grill (CMG) reports Q4 and full-year results late Tuesday.
Spencer Platt | Getty Images
Sixteen stocks in the S&P 500 hit new 52-week highs during Monday’s trading session.
Of these names, nine stocks traded at their new all-time highs. These included:
- Chipotle Mexican Grill trading at all-time-high levels back to its initial public offering in January 2006
- Royal Caribbean trading at all-time-high levels back to its IPO in April 1993
- Tractor Supply trading at all-time highs back to its IPO in 1994 after being taken private by an LBO in 1982
- Goldman Sachs trading at all-time-high levels back to its IPO in May 1999
- Carrier Global trading at all-time highs back to its spin-off from United Technologies in March 2020
- Leidos Holdings trading at all-time-high levels back to the SAIC IPO in October 2006
- Trane Technologies trading at all-time-high levels back through Ingersoll Rand’s history, before its recent merger with Gardner Denver
- Veralto trading at all-time highs back to its spin-off from Danaher in October 2023
- Amphenol trading at all-time-high levels since its IPO in 1991
— Lisa Kailai Han, Christopher Hayes
2 Hours Ago
European markets: Here are the opening calls
European markets are set to open in mixed territory Tuesday.
The U.K.’s FTSE 100 index is expected to open 2 points lower at 8,145, Germany’s DAX down 8 points at 18,128, France’s CAC 3 points lower at 8,051 and Italy’s FTSE MIB up 13 points at 34,037, according to data from IG.
Earnings come from AF-KLM, Stellantis, Capgemini, Mercedes, VW, Lufthansa, Santander, Caixabank, OMV, HSBC, Glencore and Whitbread.
Data releases include preliminary euro zone inflation data for April and first-quarter gross domestic product figures for the single currency area.
— Holly Ellyatt