32 minutes ago
CNBC Pro: Rates are rising in Europe. HSBC names the “most and least vulnerable stocks” in the region
The European market was weighed down by a rise in interest rates on business loans.
“Our economists expect the bulk of interest rate challenges to manifest themselves over the next 18 months or so,” HSBC analysts said in a September 15 note.
CNBC Pro examines the bank’s two screens of “most and least vulnerable” stocks: one for “cash-rich” companies and the other for “highly leveraged” names.
CNBC Pro subscribers can learn more here.
-Amala Balakrishner
8 hours ago
Goldman Sachs Says Fed Is Done Raising Rates, Although Dot Chart Shows Differently
The Federal Reserve is finished raising rates this year, although the dot chart expected to be released this week shows an additional increase, according to Goldman Sachs.
“In November, we believe that additional labor market rebalancing, better inflation news, and the likely gulf in growth in the fourth quarter will convince more participants that the FOMC can forgo a final hike this year, as we believe it will ultimately do so,” the FOMC managing director said. »wrote economist Jan Hatzius on Saturday.
“But we expect the dot plot to show that a narrow 10-9 majority still considers an additional hike, if only to preserve flexibility for now,” he added.
The dot plot shows where individual members expect to see a trend in rates over the next few years. The Fed concludes its two-day policy meeting on Wednesday.
-Sarah Min
33 minutes ago
CNBC Pro: Morgan Stanley says rising oil prices could boost 2 global commercial real estate stocks
The recent rise in oil prices could boost London’s prime office property market, according to Morgan Stanley.
The Wall Street bank explained the newly discovered correlation between the sectors and named the two stocks expected to benefit from the trend.
CNBC Pro subscribers can learn more here.
-Ganesh Rao
12 hours ago
Oil prices rise Monday on fears of tighter supply
Oil prices rose slightly as investors weighed the prospect of a growing supply gap in the fourth quarter.
U.S. West Texas Intermediate crude gained more than 1% early Monday and hit a high of $91.70, the highest level since November 8, 2022, when WTI traded as high as $92.17. So far this quarter, WTI has gained 29.8%, marking its first positive quarter in three quarters.
Brent crude futures hit a high of $94.78, also hitting their highest level since November 16, 2022, when they traded as high as $94.79.
The VanEck Oil Services ETF (OIH) gained 0.9% in pre-market trading, led by Dril Quip, Liberty Energy and Transocean which were all up more than 1.5%.
—Pia Singh, Gina Francolla
33 minutes ago
CNBC Pro: Analysts Name 2 Stocks to Play in the $104 Billion Electric Vehicle Charging Sector, Up 95%
Public electric vehicle charging infrastructure remains “critical” to driving electric vehicle adoption, analysts at investment bank TD Cowen said.
The bank concluded that the world will need “massive and rapid” construction of infrastructure and charging facilities, which it said would require a total U.S. investment of $104 billion through 2030.
Here are some areas that will take up the bulk of this opportunity, as well as stocks that could benefit, according to TD Cowen.
CNBC Pro subscribers can learn more here.
— Weizhen Tan
6 hours ago
Oil services, energy and utilities outperformed in September
Oil services, energy and utilities stocks have outperformed significantly in September so far, and oil services and energy’s gains in the third quarter are even more dramatic.
Since the beginning of the month, oil services stocks (as evidenced by the VanEck Oil Services ETF [OIH]) are up 5.2%, the S&P 500 Energy by 4.2% and even the S&P 500 Utilities by 3%. The S&P 500 is down 1.1% in September.
The past quarter shows an even greater disparity: oil services are up 24.7%, energy is up 13.2%, the S&P 500 is up less than 0.2% and utilities are in decrease of 1.7%.
Energy was the best performing sector in the S&P 500 during Monday’s session with a gain of 0.7%.
PS Don’t look now, but Nvidia is down almost 11% in September and Taiwan Semiconductor is down 12% in the third quarter.
-Scott Schnipper
7 hours ago
Apple leads the Dow higher
Apple led the Dow Jones higher in Monday’s session as investors applauded Wall Street’s stance on demand for new iPhones.
Morgan Stanley and Goldman Sachs said they have a positive outlook on demand for the new iPhone. Specifically, Morgan Stanley called the pre-order data “better than expected.”
Shares of major technology stocks rose 2.5% during Monday’s session. Visa, Travelers, Honeywell and Intel were also among the best performers, up more than 1%.
American Express and Boeing limited the blue chip average’s gains with losses of more than 2% and 1%, respectively. Overall, the 30-stock index was up about 0.2% around 1:45 p.m. ET.
-Alex Harring
