Wall Street set for a higher open

Wall Street set for a higher open1 Hour AgoU.S. stock index futures were higher Tuesday morning, as traders look ahead to the kick-off of earnings season. CNBC’s Rahel Solomon reports.


Wall Street set for a higher open1 Hour AgoU.S. stock index futures were higher Tuesday morning, as traders look ahead to the kick-off of earnings season. CNBC’s Rahel Solomon reports.
Wall Street set for a higher open Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15
Keywords: news, cnbc, companies, reports, solomon, rahel, traders, open, street, wall, stock, season, higher, set


Wall Street set for a higher open

Wall Street set for a higher open

1 Hour Ago

U.S. stock index futures were higher Tuesday morning, as traders look ahead to the kick-off of earnings season. CNBC’s Rahel Solomon reports.


Company: cnbc, Activity: cnbc, Date: 2019-10-15
Keywords: news, cnbc, companies, reports, solomon, rahel, traders, open, street, wall, stock, season, higher, set


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Goldman Sachs says Amazon earnings will beat the Street, so buy the stock

Amazon is going to beat the Street when it posts third-quarter earnings at the end of this month, according to Goldman Sachs, so the firm says to buy the stock now.


Amazon is going to beat the Street when it posts third-quarter earnings at the end of this month, according to Goldman Sachs, so the firm says to buy the stock now.
Goldman Sachs says Amazon earnings will beat the Street, so buy the stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: pippa stevens
Keywords: news, cnbc, companies, goldman, amazon, buy, beat, sachs, going, stock, posts, month, thirdquarter, earnings, street, firm, end


Goldman Sachs says Amazon earnings will beat the Street, so buy the stock

Amazon is going to beat the Street when it posts third-quarter earnings at the end of this month, according to Goldman Sachs, so the firm says to buy the stock now.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: pippa stevens
Keywords: news, cnbc, companies, goldman, amazon, buy, beat, sachs, going, stock, posts, month, thirdquarter, earnings, street, firm, end


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Low mortgage rates are giving Lowe’s a boost, Piper Jaffray says in upgrading the stock

An employee organizes buckets for sale inside a Lowe’s Cos. store in Burbank, California. Low mortgage rates and increased home improvement spending are going to help lift Lowe’s stock, according to Piper Jaffray.


An employee organizes buckets for sale inside a Lowe’s Cos. store in Burbank, California. Low mortgage rates and increased home improvement spending are going to help lift Lowe’s stock, according to Piper Jaffray.
Low mortgage rates are giving Lowe’s a boost, Piper Jaffray says in upgrading the stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, mortgage, piper, lowes, organizes, upgrading, giving, stock, store, lift, low, jaffray, boost, spending, rates, sale


Low mortgage rates are giving Lowe's a boost, Piper Jaffray says in upgrading the stock

An employee organizes buckets for sale inside a Lowe’s Cos. store in Burbank, California.

Low mortgage rates and increased home improvement spending are going to help lift Lowe’s stock, according to Piper Jaffray.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, mortgage, piper, lowes, organizes, upgrading, giving, stock, store, lift, low, jaffray, boost, spending, rates, sale


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Goldman Sachs says Amazon earnings will beat the Street, so buy the stock

Amazon is going to beat the Street when it posts third-quarter earnings at the end of this month, according to Goldman Sachs, so the firm says to buy the stock now.


Amazon is going to beat the Street when it posts third-quarter earnings at the end of this month, according to Goldman Sachs, so the firm says to buy the stock now.
Goldman Sachs says Amazon earnings will beat the Street, so buy the stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: pippa stevens
Keywords: news, cnbc, companies, goldman, amazon, buy, beat, sachs, going, stock, posts, month, thirdquarter, earnings, street, firm, end


Goldman Sachs says Amazon earnings will beat the Street, so buy the stock

Amazon is going to beat the Street when it posts third-quarter earnings at the end of this month, according to Goldman Sachs, so the firm says to buy the stock now.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: pippa stevens
Keywords: news, cnbc, companies, goldman, amazon, buy, beat, sachs, going, stock, posts, month, thirdquarter, earnings, street, firm, end


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Low mortgage rates are giving Lowe’s a boost, Piper Jaffray says in upgrading the stock

An employee organizes buckets for sale inside a Lowe’s Cos. store in Burbank, California. Low mortgage rates and increased home improvement spending are going to help lift Lowe’s stock, according to Piper Jaffray.


An employee organizes buckets for sale inside a Lowe’s Cos. store in Burbank, California. Low mortgage rates and increased home improvement spending are going to help lift Lowe’s stock, according to Piper Jaffray.
Low mortgage rates are giving Lowe’s a boost, Piper Jaffray says in upgrading the stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, mortgage, piper, lowes, organizes, upgrading, giving, stock, store, lift, low, jaffray, boost, spending, rates, sale


Low mortgage rates are giving Lowe's a boost, Piper Jaffray says in upgrading the stock

An employee organizes buckets for sale inside a Lowe’s Cos. store in Burbank, California.

Low mortgage rates and increased home improvement spending are going to help lift Lowe’s stock, according to Piper Jaffray.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, mortgage, piper, lowes, organizes, upgrading, giving, stock, store, lift, low, jaffray, boost, spending, rates, sale


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If you invested $1,000 in Delta 10 years ago, here’s how much money you’d have now

Since returning to the public market in 2007, Delta’s stock has been a consistent performer, making it a win for those who invested 10 years ago. While Delta’s stock has done well over the years, any individual stock can over- or underperform and past returns do not predict future results. CNBC: Delta stock as of October 10, 2019. As J.P. Morgan analysts put it, Delta’s prospects for the fourth quarter could be compared with “limping across the finish line.” But going into the fourth quarter, ma


Since returning to the public market in 2007, Delta’s stock has been a consistent performer, making it a win for those who invested 10 years ago. While Delta’s stock has done well over the years, any individual stock can over- or underperform and past returns do not predict future results. CNBC: Delta stock as of October 10, 2019. As J.P. Morgan analysts put it, Delta’s prospects for the fourth quarter could be compared with “limping across the finish line.” But going into the fourth quarter, ma
If you invested $1,000 in Delta 10 years ago, here’s how much money you’d have now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: anna hecht
Keywords: news, cnbc, companies, tepper, invested, ago, 1000, fourth, deltas, heres, money, share, stock, airlines, total, quarter, thirdquarter, delta, youd


If you invested $1,000 in Delta 10 years ago, here's how much money you'd have now

Delta Air Lines was the first U.S. carrier to report third-quarter earnings this year, and despite rising costs putting pressure on the airline, strong travel demand helped its revenue and profit grow.

Since returning to the public market in 2007, Delta’s stock has been a consistent performer, making it a win for those who invested 10 years ago. A $1,000 investment in 2009 would be worth more than $6,600, as of Oct. 10, 2019, for a total return of nearly 570%, according to CNBC calculations. In the same time frame, by comparison, the S&P 500 earned a total return of nearly 240%. The Atlanta-based airline’s current share price is hovering around $54.

While Delta’s stock has done well over the years, any individual stock can over- or underperform and past returns do not predict future results.

CNBC: Delta stock as of October 10, 2019.

Despite performing well in its third quarter, Delta’s fourth quarter could be tough due to the airline’s expectation that costs, excluding fuel, could rise as much as 5% year over year, CNBC reports. As J.P. Morgan analysts put it, Delta’s prospects for the fourth quarter could be compared with “limping across the finish line.”

Delta’s stock has faced both ups and downs this year. In January, the shares tumbled almost 9% in one day after it predicted lower revenue growth. However, the stock is up almost 8% this year.

But going into the fourth quarter, many experts stand behind Delta, despite a lackluster forecast. Mark Tepper, CEO of Strategic Wealth Partners, said he’s a fan of Delta’s stock — as opposed to other popular U.S. airlines — for three main reasons.

For one, Delta doesn’t fly the Boeing 737 Max, a type of airplane which has been grounded since March after two fatal crashes, Tepper said during a recent segment of CNBC’s “Trading Nation.” Two, it has “the best maintenance team in the industry,” which helps extend the life of its aircraft, making it a good move financially. And three, Tepper supports Delta’s partnership with American Express, which he calls “the gold standard,” because it helps the company’s bottom line.

Delta gained extra business while its competitors such as Southwest and American Airlines were forced to stop operating the Max and cancel thousands of flights. While Delta CEO Ed Bastian agrees the extra market share helped the airline’s third-quarter performance, he doesn’t believe “it was the main driver,” Bastian said during a recent appearance on CNBC’s “Squawk Box.”


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: anna hecht
Keywords: news, cnbc, companies, tepper, invested, ago, 1000, fourth, deltas, heres, money, share, stock, airlines, total, quarter, thirdquarter, delta, youd


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Stocks making the biggest moves midday: UnitedHealth, JP Morgan, Johnson & Johnson and more

J.P. Morgan — Shares of the bank jumped 4% after the company announced third quarter earnings that beat analyst expectations on both the top and bottom lines. The bank said revenue rose 8% to a record $30.1 billion. Johnson & Johnson — Shares of the health care giant gained more than 2% following third quarter earnings that topped expectations for both earnings per share and revenue. First Republic Bank — Shares of First Republic Bank surged 6% after reporting better-than-expected quarterly earn


J.P. Morgan — Shares of the bank jumped 4% after the company announced third quarter earnings that beat analyst expectations on both the top and bottom lines. The bank said revenue rose 8% to a record $30.1 billion. Johnson & Johnson — Shares of the health care giant gained more than 2% following third quarter earnings that topped expectations for both earnings per share and revenue. First Republic Bank — Shares of First Republic Bank surged 6% after reporting better-than-expected quarterly earn
Stocks making the biggest moves midday: UnitedHealth, JP Morgan, Johnson & Johnson and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, biggest, quarter, making, bank, morgan, stocks, rose, revenue, strike, moves, share, shares, midday, stock, unitedhealth, johnson, health, earnings


Stocks making the biggest moves midday: UnitedHealth, JP Morgan, Johnson & Johnson and more

UnitedHealth Group signage is displayed on a monitor on the floor of the New York Stock Exchange.

Check out the companies making headlines in midday trading:

UnitedHealth — Shares of UnitedHealth soared nearly 8% after beating analysts’ estimates for quarterly profit and revenue and raising its 2019 earnings forecast. The largest U.S. health insurer showed strength in its main business of selling health plans and its pharmacy benefits group.

J.P. Morgan — Shares of the bank jumped 4% after the company announced third quarter earnings that beat analyst expectations on both the top and bottom lines. The bank said revenue rose 8% to a record $30.1 billion.

Johnson & Johnson — Shares of the health care giant gained more than 2% following third quarter earnings that topped expectations for both earnings per share and revenue. The company said higher sales of cancer and other prescription drugs boosted results.

Charles Schwab — Shares of broker Charles Schwab rose more than 5% after the brokerage giant said its client assets reached a record high of $3.71 trillion this quarter, in its first earnings report since dropping commission fees. The company also beat on the top and bottom lines of its third-quarter earnings.

General Motors — The automaker’s stock rose 2% as CEO Mary Barra and President Mark Reuss met with leaders of the United Auto Workers on Tuesday, according to CNBC, as GM looked to end the union’s month-long strike. The UAW strike has cost GM about $2 billion so far, Bank of America estimated, as the firm said a prolonged strike could “bring GM to its knees.”

Wells Fargo — Shares of Wells Fargo rose 3.6% after the bank reported third-quarter results. While Wells Fargo’s earnings and net income were both below what Wall Street anticipated, investors appeared to welcome the bank’s restructuring plans, with new CEO Charles Scharf set to begin his role next week.

First Republic Bank — Shares of First Republic Bank surged 6% after reporting better-than-expected quarterly earnings and revenue. The regional bank earned $1.31 per share on revenue of $837.2 million, while Wall Street expected earnings of $1.21 on revenue of $835.1 million, according to Refinitiv.

Lowe’s — An analyst at Piper Jaffray upgraded the home improvement retailer to overweight from neutral. The analyst said Lowe’s has a “path for accelerating comp growth and gross margin upside in 2020.” Lowe’s shares rose 1.4% on the upgrade.

Nvidia — Bank of America hiked its price target on Nvidia’s stock to $250 per share from $225. The new price target implies a 34% upside from Monday’s close of $186.53. “We see NVDA as in prime position to leverage its portfolio of hardware, software and developer ecosystem,” Bank of America said. Nvidia’s stock rose more than 6%.

Square — Shares of Square rose nearly 3% after UBS initiated the coverage of the stock with a buy rating. The firm said Square would benefit from “reaccelerating” revenue growth.

—CNBC’s Michael Sheetz, Fred Imbert and Pippa Stevens contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, biggest, quarter, making, bank, morgan, stocks, rose, revenue, strike, moves, share, shares, midday, stock, unitedhealth, johnson, health, earnings


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SmileDirectClub is now the worst unicorn IPO of 2019, down nearly 60% from its debut

Jordan Katzman, co-founder of SmileDirectClub Inc., left, and Alex Fenkell, co-founder of SmileDirectClub Inc., watch traders during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019. Shares of SmileDirectClub plummeted 12.9% on Monday after California Gov. Bill 1519, which he extended through January of 2024, gives the Dental Board of California oversight over all dental operations within the state. The stock is now down almost 6


Jordan Katzman, co-founder of SmileDirectClub Inc., left, and Alex Fenkell, co-founder of SmileDirectClub Inc., watch traders during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019. Shares of SmileDirectClub plummeted 12.9% on Monday after California Gov. Bill 1519, which he extended through January of 2024, gives the Dental Board of California oversight over all dental operations within the state. The stock is now down almost 6
SmileDirectClub is now the worst unicorn IPO of 2019, down nearly 60% from its debut Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: pippa stevens
Keywords: news, cnbc, companies, worst, nearly, 2019, unicorn, dental, cofounder, bill, sept, stock, went, ipo, california, debut, public, smiledirectclub


SmileDirectClub is now the worst unicorn IPO of 2019, down nearly 60% from its debut

Jordan Katzman, co-founder of SmileDirectClub Inc., left, and Alex Fenkell, co-founder of SmileDirectClub Inc., watch traders during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019.

Shares of SmileDirectClub plummeted 12.9% on Monday after California Gov. Gavin Newsom signed a bill that protects consumers who use teledentistry products. Bill 1519, which he extended through January of 2024, gives the Dental Board of California oversight over all dental operations within the state.

The stock is now down almost 60% since it went public just over a month ago, making it the worst-performing IPO this year among companies that went public with a valuation over $1 billion. The stock began trading on Sept. 12. Lyft is the second-worst unicorn performer since its IPO, down about 45%.


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: pippa stevens
Keywords: news, cnbc, companies, worst, nearly, 2019, unicorn, dental, cofounder, bill, sept, stock, went, ipo, california, debut, public, smiledirectclub


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Bernie Sanders unveils plan to raise corporate tax rate to 35% and ban stock buybacks

Democratic presidential hopeful Bernie Sanders introduced a plan on Monday that would reverse President Donald Trump’s tax cuts for businesses and return the corporate tax rate to 35% from its current 21%. The Corporate Accountability and Democracy Plan would also eliminate many of the tax breaks and loopholes in the tax code and do away with off-shore tax havens. The senator is also calling to democratize corporate boards, ban stock buybacks and diversify corporations. Large-scale stock buyback


Democratic presidential hopeful Bernie Sanders introduced a plan on Monday that would reverse President Donald Trump’s tax cuts for businesses and return the corporate tax rate to 35% from its current 21%. The Corporate Accountability and Democracy Plan would also eliminate many of the tax breaks and loopholes in the tax code and do away with off-shore tax havens. The senator is also calling to democratize corporate boards, ban stock buybacks and diversify corporations. Large-scale stock buyback
Bernie Sanders unveils plan to raise corporate tax rate to 35% and ban stock buybacks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: valerie block
Keywords: news, cnbc, companies, tax, corporation, bernie, million, companies, rate, sanders, elizabeth, raise, unveils, plan, corporate, 100, workers, stock, buybacks


Bernie Sanders unveils plan to raise corporate tax rate to 35% and ban stock buybacks

Vermont senator and presidential candidate Bernie Sanders campaigns at the University of New Hampshire in Durham.

Democratic presidential hopeful Bernie Sanders introduced a plan on Monday that would reverse President Donald Trump’s tax cuts for businesses and return the corporate tax rate to 35% from its current 21%.

The Corporate Accountability and Democracy Plan would also eliminate many of the tax breaks and loopholes in the tax code and do away with off-shore tax havens.

The senator is also calling to democratize corporate boards, ban stock buybacks and diversify corporations.

The detailed plan includes these highlights, according to the campaign website:

Nearly half of the board of directors in any large corporation with at least $100 million in annual revenue, corporations with at least $100 million in balance sheet total, and all publicly traded companies would be directly elected by the firm’s workers.

They would be required to consider the interests of all of the stakeholders in a company – including workers, customers, shareholders and the communities in which the corporation operates.

Large-scale stock buybacks would be “treated like stock manipulation” via repeal of the Securities and Exchange Commission’s Rule 10b-18.

Rules would be developed to diversify corporate boards “ensuring a significant portion of every board be comprised of people from historically underrepresented groups.” And they would require every corporation to “complete an annual report that gives the compensation, gender, and racial composition of board and employees.”

The plan “will give workers an ownership stake in the companies they work for, break up corrupt corporate mergers and monopolies, and finally make corporations pay their fair share,” the Vermont independent’s campaign website said. “When Bernie is president, we’re going to put an end to the corporate greed ruining our country once and for all.”

According to the website, the plan would also require companies that are publicly traded or have at least $100 million in annual revenue or at least $100 million in their balance sheet total to give workers 2% of their stock until employees own at least 20 percent of the company.

Sanders, who is recovering from a heart attack, revealed the plan a day before the third Democratic debate that takes place Tuesday night.

Sanders, who considers himself a democratic socialist, has vowed to continue his candidacy, but he has slipped in the polls in recent months, falling behind rival Sen. Elizabeth Warren, D-Mass., in many polls.

While the two are often lumped together as progressives, he is trying to accentuate the differences between himself and Warren, saying in an interview with ABC’s “This Week” on Sunday that she is a capitalist and he is not.

“There are differences between Elizabeth and myself,” he told ABC. “Elizabeth, I think, as you know, has said that she is a capitalist through her bones. I’m not.”

Warren did not immediately respond to a request for comment.


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: valerie block
Keywords: news, cnbc, companies, tax, corporation, bernie, million, companies, rate, sanders, elizabeth, raise, unveils, plan, corporate, 100, workers, stock, buybacks


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Morgan Stanley slashes Netflix price target by $50, but remains bullish on stock

Ex-FDA chief Scott Gottlieb ‘skeptical’ vaping nicotine causes… However, he says, that doesn’t mean it won’t cause harm. “You can’t inhale something into the lungs on a repeated basis and not cause some damage to the lung.” Health and Scienceread more


Ex-FDA chief Scott Gottlieb ‘skeptical’ vaping nicotine causes… However, he says, that doesn’t mean it won’t cause harm. “You can’t inhale something into the lungs on a repeated basis and not cause some damage to the lung.” Health and Scienceread more
Morgan Stanley slashes Netflix price target by $50, but remains bullish on stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, vaping, nicotine, skeptical, morgan, price, netflix, stanley, repeated, bullish, cause, mean, target, remains, lungs, scienceread, wont, scott, stock, slashes


Morgan Stanley slashes Netflix price target by $50, but remains bullish on stock

Ex-FDA chief Scott Gottlieb ‘skeptical’ vaping nicotine causes…

However, he says, that doesn’t mean it won’t cause harm. “You can’t inhale something into the lungs on a repeated basis and not cause some damage to the lung.”

Health and Science

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, vaping, nicotine, skeptical, morgan, price, netflix, stanley, repeated, bullish, cause, mean, target, remains, lungs, scienceread, wont, scott, stock, slashes


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