The goal of this newsletter is to get you ahead of the next day of investing and trading. It's your first look at tomorrow and last look at today powered by the team of people who direct CNBC TV's stock market coverage. |
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Tomorrow's Top CNBC Stories Tonight |
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Spice company defies analyst calls, adding another gain to its winning streak |
McCormick gained more than 1% Tuesday for its sixth daily gain in seven sessions. The stock is the top gainer in the S&P 500 through the past month, up over 20%. But the analyst view isn't great: 44% have a hold rating on the stock and 38% rate it a sell, leaving fewer than 20% with a buy rating. It's also trading at a premium to its average price target.
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Beaten up financial stocks stage a rally |
Financials outperformed today, led by gains in Synchrony, Capital One and Jack Henry. The regionals are still deep in the red this year, but several of the largest constituents of the SPDR S&P Regional Banking ETF (KRE) are slowly recovering from their worst levels. Relative to March lows, Huntington Bancshares is up 15%, Truist Financial is up 18%, Regions Financial is up 33%. M&T Bank and Citizens Financial are still hovering near their own lows, with M&T up 7% and Citizens up just 4% from an April 5th low. First Republic Bank is still down almost 90% in 2023, but it finished today up 23% from its March low.
| Snowflake and other cloud stocks lag |
Weakness in several notable cloud and enterprise stocks continued. Snowflake was among the biggest laggards today, down 6%. (It's off by more than 10% in a week.) Datadog and Zoom Video fell nearly 2%. Adobe and Salesforce are down 3% and 4%, respectively, in a week, though they're still firmly in positive territory over the past month. C3.ai is off by over 30% since the start of April, but that follows its 200% gain in the first three months of the year, making its recent decline a relatively small pullback.
| McDonald's hits fresh high as restaurant stocks surge |
McDonald's is up 8.6% in a month. Several other restaurant stocks are also up big in the last month. Red Robin is up 38% in a month and 89% in three months. Domino's is up 11% in a month. Texas Roadhouse is up 107% in a month. Restaurant Brands is up 10.6% in a month. Chipotle is up 10.5% in a month. Jack in the Box is up 9% in a month and 16% in three months.
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Bitcoin leaps back above $30,000, helping crypto stocks to notch gains |
Riot up 17% today, but still 27% off the 52-week high. Cleanspark up 14% today, 71% off the 52-week high. Marathon Digital up 12.4% today, 56% off the 52-week high. Galaxy Digital Holdings up 7.5% today, 70% off the 52-week high. Coinbase up 6%, still 57% from the 52-week high.
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Goldman Sachs names 5 buy-rated stocks — giving one more than 70% upside
TUE, APRIL 11 2023 Here are Tuesday's biggest analyst calls of the day: Apple, Amazon, UPS, Netflix, WW, Disney & more TUE, APRIL 11 2023 'Everyone should want to own' this discounted chip stock, says 'Fast Money' trader Tim Seymour
MON, APRIL 10 2023 History shows now is a great time to buy this Dow member, Bernstein says TUE, APRIL 11 2023 Morgan Stanley named this health stock a top pick because of its business diversification
TUE, APRIL 11 2023 Wells Fargo says investors should expect a 10% stock market correction soon TUE, APRIL 11 2023 |
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Biggest Stock Picks on CNBC TV |
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Here are the best trade ideas from investors and analysts on CNBC today. |
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