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Key Points Billionaire investor Stanley Druckenmiller built a sizable position in regional banks and made one health-care name his biggest position last quarter. Druckenmiller bought $115 million worth of shares in the SPDR S&P Regional Banking ETF in the third quarter, making it the firm’s seventh-biggest holding. Billionaire investor Stanley Druckenmiller built a sizable position in […]
Check out the companies making headlines in midday trading: Spirit Airlines â Trading in shares of the discount airline was halted on Monday after Spirit filed for bankruptcy . Trump Media & Technology Group â Shares in President-elect Donald Trump’s media company pulled back roughly 5%. Although the stock has been increasingly volatile in the
Stocks making the biggest moves midday: Moderna, Roku, CVS Health, Robinhood and more Read More »
Check out the companies making headlines before the bell. Tesla â The electric vehicle maker jumped 6% after Bloomberg News reported that President-elect Donald Trump’s transition team is planning to make a national regulatory framework for self-driving vehicles a top priority for the U.S. Transportation Department. Spirit Airlines â Shares of the struggling airline were
After last month’s excitement over stimulus plans, Chinese stocks now face mounting challenges as earnings have yet to pick up and heightened U.S. trade tensions loom. “Stock picking remains important with [the] headwind of tariffs, a weaker currency and persistent deflation,” Morgan Stanley chief China equity strategist Laura Wang and a team said in a
Morgan Stanley picks China stocks to ride out a worst-case scenario in U.S. tensions Read More »
On Saturday, Elon Musk shared who he is endorsing for Treasury secretary on X, a cabinet position President-elect Donald Trump has yet to announce his preference to fill. Musk wrote that Howard Lutnick, Trump-Vance transition co-chair and CEO and chairman of Cantor Fitzgerald, BGC Group and Newmark Group chairman, will “actually enact change.” Lutnick and Key
Elon Musk endorses Trump's transition co-chair Howard Lutnick for Treasury secretary Read More »
Money manager John Davi is positioning for challenges tied to President-elect Donald Trump’s tariff agenda. Davi said he worries the new administration’s policies could be “very inflationary,” so he thinks it is important to choose investments carefully. “Small-cap industrials make more sense than large-cap industrials,” the Astoria Portfolio Advisors CEO told CNBC’s “ETF Edge” this
Check out the companies making headlines in midday trading: Global pharma stocks â Shares of several vaccine makers declined after President-elect Donald Trump selected prominent vaccine skeptic Robert F. Kennedy Jr. as health secretary on Thursday. Shares of Moderna and Pfizer slipped nearly 9% and 5%, respectively. BioNTech , which helped develop a Covid vaccine with
Stocks making the biggest moves midday: Palantir, Moderna, Ulta Beauty, Alibaba and more Read More »
Billionaire investor Ron Baron, a longtime Tesla bull and shareholder, said he believes the electric vehicle company could hit a $5 trillion market capitalization in a decade, and that CEO Elon Musk has an even higher number in mind longer term. “Tesla, I think, is going to be worth $3 [trillion] or $4 trillion â
Check out the companies making headlines before the bell. Applied Materials â Shares tumbled more than 8% after the semiconductor equipment manufacturer offered weak revenue guidance for the current quarter. Applied Materials said it forecasts $7.15 billion in the first fiscal quarter, under the estimate of $7.224 billion from analysts polled by LSEG. The company
BEIJING â China’s National Bureau of Statistics is scheduled Friday to release retail sales, industrial production and fixed-asset investment data for October. Retail sales are expected to have picked up to 3.8% year-on-year growth, according to analysts polled by Reuters, after rising by 3.2% in September. Industrial production was forecast to have risen by 5.6%,
China set to report retail sales and industrial production data for October Read More »
