Norfolk Southern Corp - Thomson 158 Reuters https://thomson158reuters.servehalflife.com Latest News Updates Tue, 22 Oct 2024 16:28:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Stocks making the biggest moves midday: Genuine Parts, General Motors, Verizon, Philip Morris and more https://thomson158reuters.servehalflife.com/stocks-making-the-biggest-moves-midday-genuine-parts-general-motors-verizon-philip-morris-and-more/ https://thomson158reuters.servehalflife.com/stocks-making-the-biggest-moves-midday-genuine-parts-general-motors-verizon-philip-morris-and-more/#respond Tue, 22 Oct 2024 16:28:09 +0000 https://thomson158reuters.servehalflife.com/stocks-making-the-biggest-moves-midday-genuine-parts-general-motors-verizon-philip-morris-and-more/ Check out the companies making headlines in midday trading: Genuine Parts — Shares fell about 20% on the back of the company’s weaker-than-expected earnings for the third quarter. During the period, Genuine Parts earned $1.88 per share, excluding items, below the $2.42 per share that analysts polled by FactSet were expecting. It also slashed its […]

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Cramer’s week ahead: Earnings from Boeing, Tesla, IBM and T-Mobile https://thomson158reuters.servehalflife.com/cramers-week-ahead-earnings-from-boeing-tesla-ibm-and-t-mobile/ https://thomson158reuters.servehalflife.com/cramers-week-ahead-earnings-from-boeing-tesla-ibm-and-t-mobile/#respond Fri, 18 Oct 2024 22:44:53 +0000 https://thomson158reuters.servehalflife.com/cramers-week-ahead-earnings-from-boeing-tesla-ibm-and-t-mobile/ With Wall Street rolling into the thick of earnings season, CNBC’s Jim Cramer on Friday told investors what market-moving action to keep an eye on next week, including reports from Boeing, Tesla, IBM and T-Mobile. He celebrated the market’s lengthy winning streak and suggested it could continue. “It’s hard to believe, but this market’s now […]

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Banks reported stellar numbers to kick off earnings season, says Jim Cramer

With Wall Street rolling into the thick of earnings season, CNBC’s Jim Cramer on Friday told investors what market-moving action to keep an eye on next week, including reports from Boeing, Tesla, IBM and T-Mobile. He celebrated the market’s lengthy winning streak and suggested it could continue.

“It’s hard to believe, but this market’s now been up for six straight weeks,” he said. “That’s right, despite interest rates running higher — since mid-September — despite being on the verge of an election where both candidates want to pile on trillions of dollars of debt to an already unfathomable amount of borrowing, this market seems like it can’t help itself from going higher.”

Monday brings earnings from German software company SAP and steel giant Nucor. Cramer said he expects a positive report from the former, who he said has been successfully advising companies on tech strategies, including adopting artificial intelligence. He was not sure about Nucor, as steel prices have been weak recently, but added that steelmakers’ stocks usually start to turn after the first rate cut.

On Tuesday, a slew of big names will report, including General Motors, Danaher, RTX and GE Aerospace. Cramer said the automaker could be a bargain, even as many on Wall Street are pessimistic about its earnings. He predicted positive results for the two aerospace giants and said biotech Danaher may be “ready to return to its old greatness” with a slew of new clients. Kimberly-Clark, Norfolk Southern and Texas Instruments also report on Tuesday. Cramer was fairly optimistic about the consumer goods giant and the railroad, which could benefit from its new CEO. Cramer also said he likes Texas Instruments’ stock ahead of the quarter even if it “has a little more cyclicality than most chipmakers.”

Boeing, Coca-Cola and Vertiv release earnings on Wednesday, and Cramer noted that big institutions continue to buy the airplane maker’s stock regardless of poor management. He said if investors want to buy Boeing, they should wait until after its secondary offering. He called Coca-Cola a “low risk juggernaut” that’s worth owning and said Vertiv’s been performing well as data centers remain highly in-demand. IBM, Tesla, Lam Research and T-Mobile will report after close. Cramer said he expects a beat and raise quarter from IBM. He added that after the electric vehicle maker’s robotaxi event flopped, CEO Elon Musk will “try harder and deliver a good set of Tesla numbers.” Despite semiconductor maker ASML‘s disappointing quarter this week, Cramer said peer Lam Research could fare better, but it is “very risky.” He also wondered if T-Mobile can keep up its winning streak.

Thursday is also jam-packed with reports, including from Southwest Airlines, Honeywell, UPS, Carrier, Deckers Outdoor and Texas Roadhouse. Cramer noted that the airline is in the middle of a proxy battle and said its chances of success are better if it can pull off a solid quarter like peer United. Cramer said he’s unsure about Honeywell and UPS, but noted that Carrier’s stock has been up so much it may not pop even if the quarter is strong. He said he anticipates strength in Decker Outdoor’s Hoka sneaker brand and that Texas Roadhouse is a winner.

Friday brings earnings from Colgate-Palmolive, and Cramer said he thinks Wall Street will love the stock but that such fondness is “way overdone.”

Jim Cramer looks ahead to next week's market game plan

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Wednesday’s big stock stories: What’s likely to move the market in the next trading session https://thomson158reuters.servehalflife.com/wednesdays-big-stock-stories-whats-likely-to-move-the-market-in-the-next-trading-session-3/ https://thomson158reuters.servehalflife.com/wednesdays-big-stock-stories-whats-likely-to-move-the-market-in-the-next-trading-session-3/#respond Tue, 15 Oct 2024 23:39:05 +0000 https://thomson158reuters.servehalflife.com/wednesdays-big-stock-stories-whats-likely-to-move-the-market-in-the-next-trading-session-3/ Traders work on the floor of the New York Stock Exchange during morning trading in New York City.  Michael M. Santiago | Getty Images Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. […]

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Traders work on the floor of the New York Stock Exchange during morning trading in New York City. 

Michael M. Santiago | Getty Images

Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox.

Here’s what CNBC TV’s producers were watching as the S&P 500 and Dow Jones Industrial Average retreated from recent highs, and what’s on the radar for the next session.

Apple

  • Despite concerns about the new iPhone, Apple hit a new all-time high on Tuesday.
  • The stock ended the session up more than 1%, closing at $233.85. It hit a high of $237.49 before curtailing its gains for the day.
  • Apple is up 5% in a month and 35% in six months.
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Apple shares over the past six months

DJT

  • Trading in Trump Media & Technology Group was wild on Tuesday.
  • The stock finished down nearly 10%. It is down nearly 4% after hours.
  • Check out the volume: 89 million shares. That is almost triple the ten-day average.
  • The stock is up 68% in October. 

Regional banks

  • The big banks are just about done reporting. Now, the regionals move in.
  • Citizens Financial, based in Providence, Rhode Island, reports before the bell. The stock has gained 12.5% in the past three months, and it’s up 5.5% in a week. The stock hit a new high on Tuesday.
  • First Horizon, headquartered in Memphis, Tennessee, will also report before the bell. First Horizon is down 1% over the past three months. The stock is up 8% in a week and 4.3% from the July high.
  • The SPDR S&P Regional Banking ETF (KRE) hit a new high on Tuesday. The ETF is up 6.7% in a week, and it has gained up 10.3% in three months.
  • Wells Fargo, by the way, is up 10% in a week. In a rare interview on “Mad Money” Tuesday night, CEO Charles Scharf, who’s been leading a buyback charge, said, “We invest in much as we can inside the company and that’s our first priority.”
  • Goldman Sachs is up 5.2% in week.
  • Citigroup is down 4.7% in two days.
  • JPMorgan Chase is up 5.5% in the past week.
  • Bank of America is up 5.5% in a week, as well.
  • Morgan Stanley is up 4.4% in a week. The bank reports on Wednesday morning before the bell, and CEO Ted Pick will be live on CNBC TV in the 10 a.m. hour, Eastern.
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Wells Fargo shares in the past week 

The chips

CSX

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