Paul Tudor Jones said Tuesday that a new exchange-traded fund about investing based on social impact could one day rival the benchmark U.S. stock index. “I think it’s going to be a really big ETF down the road. I think it’s going to rival the S&P and the Nasdaq because I think it has both
Investing
Check out the companies making headlines before the bell: AT&T, Time Warner – AT&T and Time Warner will find out today if a judge plans to allow or block their planned merger deal. U.S. District Judge Richard Leon will announce after 4 p.m. ET whether he is siding with the Justice Department or with the
Cisco shares will thrive due to its pivot to a more recurring revenue business model, according to one top Wall Street firm. J.P. Morgan reiterated its overweight rating for Cisco’s stock, predicting the company’s recently announced mandatory subscription offering for networking switches will boost its profits. The firm has a “favorable outlook for Cisco’s positioning
Activist investor Paul Singer’s Elliott Management on Monday revealed its latest target in the power and utilities space: Sempra Energy. If that pairing sounds familiar, it should. Last August, Singer played a pivotal role in Sempra’s purchase of Oncor, in the process, spoiling Warren Buffett‘s bid for the Texas utility. By threatening to launch a
Pick your potential stock market mover this week. The Trump–Kim summit could forge diplomatic ties between the U.S. and North Korea, meetings from the Fed and ECB will dictate changes in global monetary policy, and a decision on the Time Warner–AT&T deal sets precedent for any future M&A activity in media. There are a few
Companies with healthy balance sheets like Home Depot and Nvidia are investors’ best bet as the rest of corporate America loads on debt to unsafe levels even as the Federal Reserve continues hike rates, according to Goldman Sachs. “Strong balance sheet stocks have historically outperformed weak balance sheet stocks during environments of rising leverage,” wrote
Nomura Instinet is less bullish on further stock gains for Intel after talking to the chipmaker’s CEO, Brian Krzanich. The firm noted how the Intel executive did not limit the level of potential market shares losses to its competitor AMD. “We came away from a meeting with CEO Brian Krzanich last week believing that the
Stocks aren’t tanking Monday because Wall Street believes President Donald Trump is “right” about trade, according to CNBC’s Jim Cramer. “I thought that [stock] futures would open down big,” Cramer said Monday on “Squawk on the Street.” “By not being down, the market is saying, ‘Trump’s right.’ It’s not saying [trade] doesn’t matter. It’s saying
Not many experts would recommend packing investment accounts like 401(k) retirement plans with bitcoin. The digital currency is just too volatile. But there’s nothing wrong with setting a little aside — money you can afford to lose — for wild bets, like gambling a few bucks at a casino. Bitcoin certainly offers an adrenaline rush.
Electronic Arts will benefit from the battle-royale trend popularized by Epic Games’ “Fortnite,” according to one Wall Street firm. The game publisher announced Saturday it will add a battle-royale mode to its “Battlefield V” game. The title is slated for release on Oct. 19. Piper Jaffray reiterated its overweight rating for Electronic Arts shares, predicting
Check out the companies making headlines before the bell: Rent-A-Center – Rent-A-Center said it has received an increased takeover offer from a company that was previously interested in buying the rent-to-own furniture retailer. That follows the company’s Sunday statement that it did not find a suitable buyer and that it had ended its review of
Months after hitting record highs, the S&P 500 is still marooned below 2,800. To one self-described “unapologetically bullish” portfolio manager, the rally will pick up speed over the summer to surge through year’s end. “We think right now that there’s a wall of worry. That’s evident because everyone feels the need to apologize for being
The euro is unlikely to see a massive upswing next week as central bankers meet to discuss the end of monetary stimulus in the region, analysts have told CNBC. The common currency has been recovering from political shocks over the last few days, hitting its highest level on Thursday since May 15, at $1.1838. This
Israeli investor Yossi Vardi has a knack for identifying top tech companies. Over his five-decade career, the 76-year-old has earned a multi-million-dollar fortune and the unofficial title of Israel’s hi-tech ‘godfather’ after investing in almost 90 IT companies, including the world’s first instant messaging platform, ICQ. So what is his winning formula? CNBC Make It
Apple is considered the likely winner of the $1 trillion market-cap crown. One technician has a bullish call for an Amazon breakout that could push the e-commerce giant above that level, too. “Amazon, quite frankly, is in an outstanding technical and fundamental position. It is a two-way star. It is Shohei Ohtani. It pitches and
Shares of Procter & Gamble rose Thursday after Trian Partners’ Nelson Peltz indicated his proposal for reorganizing the company was gaining traction. “It’s really under very serious consideration,” Peltz said of Trian’s white paper, which describes how P&G could improve its business with measures such as reorganizing the company into three autonomous units, developing local
Trian Partners’ Nelson Peltz praised President Donald Trump on Thursday for his tough stance on trade. “The president is doing some really brave things,” Peltz said at The Deal conference in New York City, run by CNBC’s “Mad Money” host Jim Cramer. The Trump administration is pushing several countries on trade, including China, where it