Investor Peter Boockvar warns bullishness is at dangerous levels. He’s worried about investor optimism touching dot-com-bubble euphoria levels. “Sentiment has gotten as ebullient as we’ve seen in early 2000,” the Bleakley Advisory Group chief investment officer told CNBC’s “Trading Nation” on Monday. “It’s all about that enthusiasm for stocks that should make somebody that is bullish
Finance
Traders work on the floor of the NYSE in New York. NYSE Stock futures fell on Monday night as traders kept an eye on negotiations for additional fiscal stimulus while the U.S. coronavirus caseload continues to rise. Dow Jones Industrial Average futures dipped 67 points, or 0.2%. S&P 500 and Nasdaq 100 futures also lost
Frederick Bass | fStop | Getty Images $180 billion The relief package allocates $180 billion for “additional unemployment insurance,” according to a framework outlining cost elements. It’s the second-largest pot of money available, placing only behind $288 billion in support for small businesses, including funds for the Paycheck Protection Program. The bill would also offer
Traders work the floor of the New York Stock Exchange. NYSE U.S. stock futures rose slightly on Sunday night following a record-setting session as Wall Street searched for clues on additional fiscal aid. Dow Jones Industrial Average futures traded higher by 50 points, or 0.2%. S&P 500 climbed 0.2%, and Nasdaq 100 futures advanced 0.3%.
SINGAPORE — Singtel, as part of a consortium, has just obtained one of Singapore’s first digital banking licenses — but the telecom company’s entrance into the sector is not aimed at bringing down established banks, an executive told CNBC on Monday. The company, which is Singapore’s largest telco, applied for the license with ride-hailing and
Fans gather at local Ulta Beauty in Houston to greet Kylie Jenner at the launch of her cosmetics line on November 18, 2018 in Houston, Texas. Rick Kern | Getty Images Check out the companies making headlines after the bell: DocuSign — Shares of DocuSign popped 6% after the electronic-documents company posted better-than-expected results for
Check out the companies making headlines before the bell Friday: Ollie’s Bargain Outlet (OLLI) — Shares of the retailer slid more than 11% following commentary around a slowdown in the company’s fourth-quarter trends. “Quarter-to-date, our comparable-store sales increases are tracking in the low single-digits,” CEO John Swygert said in a statement. Goldman Sachs downgraded the
Nikolay Storonsky, chief executive of Revolut, on stage at the MoneyConf fintech event in Lisbon, Portugal. Seb Daly | Web Summit | Getty Images LONDON — Digital banking start-up Revolut on Friday launched tools for its business clients to accept payments online, looking to compete with payment giants such as Stripe and Adyen. Revolut said
A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Big Lots — The retail stock sank 9% after the company declined to give guidance as part of its third-quarter earnings report. Big Lots beat analyst expectations on
President Donald Trump has a bill on his desk that could kick several Chinese companies off of U.S. stock exchanges and inflame an already strained relationship between Washington and Beijing. The Holding Foreign Companies Accountable Act would force companies to give up their listings on Wall Street if they refuse to open their books to
Stock futures were little changed in overnight trading on Thursday as investors awaited a key November jobs report to gauge the pace of labor market recovery in the face of a worsening pandemic. Futures on the Dow Jones Industrial Average gained 60 points. S&P 500 futures were little changed and Nasdaq 100 futures traded 0.2%
Wall Street may be underpricing a risk associated with the next Federal Reserve meeting on interest rates. According to Richard Bernstein Advisors’ Michael Contopoulos, it may come down to President-elect Joe Biden’s pick for Treasury secretary: former Fed Chair Janet Yellen. Contopoulos speculates the Fed could see her appointment as a dovish influence and it
Check out the companies making headlines before the bell Thursday: Express (EXPR) — Shares of Express tanked 25% after the retailer reported a wider-than-expected earnings loss. Express said it lost $1.39 per share in the third quarter, versus an estimated loss of 51 cents per Refinitiv. Its revenue also missed expectations. Tesla (TSLA) — Shares
Pedestrians walk in front of the JPMorgan Chase headquarters building in New York. Scott Mlyn | CNBC JPMorgan Chase said that its asset management division has agreed to buy a fintech start-up that helps financial advisors automate the construction of tax-efficient portfolios. The move to acquire Boston-based 55ip, announced Wednesday in a press release, is
There may be more juice left in the fourth quarter. Ally Invest’s Lindsey Bell said she believes the backdrop supports December gains. “We’re positive that it will be a good end to 2020,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Wednesday. Bell sees optimism surrounding another coronavirus aid package providing a near-term
Check out the companies making headlines in midday trading. Palantir — The tech company slid more than 10% after Morgan Stanley downgraded the stock to underweight. The firm said Palantir now trades at a “significant premium” to its peers following shares’ more than 100% jump since the company went public on Sept. 30. Tesla —
It may be a good time to lock in market gains for the year. Credit Suisse’s Jonathan Golub believes the latest all-time highs will run into trouble this month. “If you’re somebody who just came into a boatload of money … perhaps [wait] until after inauguration,” the firm’s chief U.S. equity strategist told CNBC’s “Trading
U.S. stock futures fell in overnight trading on Tuesday, despite recent strength that has brought the major averages to record highs. Dow futures fell about 120 points. S&P 500 futures fell 0.2% and Nasdaq 100 futures lost 0.1%. Dow component Salesforce announced it is acquiring messaging platform Slack for $27.7 billion after the bell on
Zoom Video Communications Inc. founder and CEO Eric Yuan at the company’s IPO at Nasdaq MarketSite in New York, April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Zoom Video – Shares dropped nearly 14% as investors digested signs that the video conferencing company’s
Traders work on the floor of the New York Stock Exchange on Nov. 4th. 2020. NYSE U.S. stock futures rose on Monday night after the major averages notched sharp monthly gains for November. Dow Jones Industrial Average futures traded 102 points higher, or 0.3%. S&P 500 and Nasdaq 100 futures advanced 0.4% and 0.6%, respectively.