Latest news with #Nasdaq-100
CNBC
8 hours ago
- Business
- CNBC
Stock futures inch lower to kick off start of the new trading month: Live updates
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on May 30, 2025, in New York City. Angela Weiss | AFP | Getty Images Stock futures fell on Sunday as Wall Street looks to the start of a new month of trading following a strong performance in May. S&P 500 futures traded down 0.2%, while Nasdaq-100 futures dropped about 0.3%. Futures tied to the Dow Jones Industrial Average also declined 70 points, or 0.2%. On Friday, the S&P 500 closed out the month of May with a more than 6% gain, its best monthly performance since November 2023. The tech-heavy Nasdaq Composite surged more than 9% for the month and the Dow Jones Industrial Average rose about 4%. That said, Morgan Stanley's Chris Toomey is skeptical about whether May's market momentum will continue. "We're probably still range-bound," the managing director told CNBC's "Closing Bell" on Friday. "The concern we've got is that while I think we've taken [out] the worst-case scenario with regards to the 'liberation day' [tariffs], we're in a situation where I think the market's right now probably pricing in the best-case scenario." He added: "Everyone's talking about the fact that there's probably going to be 10% tariffs across the board, 30% for China. I think that's kind of baked in." President Donald Trump's tariffs have been in legal limbo following two key court rulings last week. The U.S. Court of International Trade struck down much of the president's steep levies Wednesday, ordering his administration to stop collecting them. A day later, however, a federal appeals court granted the administration's request to temporarily pause that ruling, effectively reinstating the duties. Trump's top economic advisors have remained optimistic in the tariffs even with the recent legal challenge, as Commerce Secretary Howard Lutnick said on Fox News over the weekend that the tariffs are "not going away." Additionally, National Economic Council Director Kevin Hassett told ABC News that he's "very confident that the judges will uphold this law." Hassett also suggested that Trump and China's President Xi Jinping could discuss trade as early as this week, though he said no date for the talks has been set. His comments come as trade tensions between the U.S. and China ramped up last week, with Trump writing in a Truth Social post Friday that China has "TOTALLY VIOLATED ITS AGREEMENT WITH US." Meanwhile, investors will be eyeing a slew of reports due this week that could provide insight into how tariffs have affected the U.S. economy, including the key May nonfarm payrolls reading on Friday. Stock futures traded lower Sunday evening. S&P 500 futures were down about 0.3% shortly after 6 p.m. ET, along with Nasdaq-100 futures. Futures tied to the Dow Jones Industrial Average fell 95 points, or 0.2%. — Sean Conlon
Yahoo
10 hours ago
- Business
- Yahoo
Broadcom earnings may produce shock and awe
Broadcom earnings may produce shock and awe originally appeared on TheStreet. It would be easy to write off Broadcom's year-to-date stock performance as a "so what?" Don't. Broadcom () shares have been flying in the aftermath of stocks' tumbling in the wake of President Trump's tariff announcement. 🔥! 💰 True, the tech giant's year-to-date return is not impressive, up just 4.4%. But that's due to gyrating markets. Since the end of the first quarter, however, Broadcom has jumped 44.6%, closing Friday at $242.07. That's just 3.9% below its December peak of $251.88. Broadcom will command the most attention of companies reporting quarterly earnings this week. It's a smallish list of stocks overall because the first-quarter earnings season is largely finished. The list includes cybersecurity company CrowdStrike Holdings () , apparel retailer lululemon athletica () and video-game retailer GameStop () . Nvidia () and Costco Wholesale () were last week's glamour stocks and largely delivered what Wall Street wanted. And the stocks were mostly rewarded. Nvidia was up 2.9% for the week. While the shares are up just 0,6% for 2025, they are up nearly 25% in the quarter as stock market has recovered from the tariff shock. Costco ended the week up 3.1% and is up 13.5% on the year. The major averages all ended the week higher. The Standard & Poor's 500 Index climbed 1.8%. The Nasdaq Composite and Nasdaq-100 indexes were rose 2%. The Dow Jones Industrial Average added 1.6%. The S&P 500 ended May with a 6.2% gain, its best month of the year and the best month for the index since November 2023. It is also the S&P 500's best May performance since 1997. The Dow industrials were up 3.9% for May. The tech-heavy Nasdaq-100 added 10.7%. The broader Nasdaq gained 9.6% for the month,Broadcom is expected to tell a pretty good story with its fiscal second-quarter results, due after Thursday's market close. The company makes chips and infrastructure products that are key components used in artificial intelligence. Its core customers include the hyperscalers — Microsoft () , Alphabet () , () and Facebook parent Meta Platforms () . It's been supplying the 5G radio components for the Apple () iPhone. These companies are spending billions of dollars building up their artificial intelligence capacities with software and giant data centers all over the Street estimates Broadcom will earn $1.57 a share, up 15% from a year ago. The revenue estimate is $14.97 billion, up from $12.49 billion a year ago. The company has been beating estimates for multiple quarters. The company saw first-quarter revenue from its AI-related business hit $4 billion, up 77% from a year earlier, and it has forecast huge revenue gains in future quarters, all thanks to AI. More Tech Stocks: Palantir gets great news from the Pentagon Analyst has blunt words on Trump's iPhone tariff plans OpenAI teams up with legendary Apple exec Broadcom was up 5.8% for the week, outperforming the major averages. Since the April market bottom, the shares have handily out-performed every stock in among the Magnificent 7 group stocks. Even Tesla () — up 33%. It's ahead of crypto dealer Coinbase Global () (up 43.2%). Broadcom's market cap is $1.14 trillion, larger than Tesla's $1.12 trillion and the $1.09 trillion market cap for Berkshire Hathaway () and () . In the last 30 trading days, Broadcom has been the ninth-best performer in the Standard & Poor's 500 Index and eighth among stocks in the Nasdaq-100 Index. Yes, the current situation is great and looks strong, but there may some risks to the Broadcom story. The stock may be pricey. Its forward price/earnings ratio was 30.93 on Friday, higher than most semiconductor companies including Nvidia. Its current p/e was nearly 117. Its relative strength index was at 75. Above 75 suggests the stock is overbought and vulnerable to a shock. Broadcom has $66 billion in long-term debt. It has toyed with the idea of buying () , which would be a challenge if it can't sell Intel's foundry business. 2025 has been a gut-wrenching year, as everyone knows, especially President Trump who saw the S&P 500 fell 10.5% in the two days after April 2, aka Liberation Day, when he announced his tariff proposals. Markets Friday were barely changed. So are markets in 2025. The Dow is barely positive. The S&P 500 is off 0.6%, and the Nasdaq is off 1%. The small-cap Russell 2000 index is down 7.4%. The short answer: Ask President Trump. He's already has accused China of violating a tariff pause agreed to earlier this month in Switzerland. (Huge tariffs are suspended on expectation for a trade deal on July 9.) At a rally in Pittsburgh Friday, he vowed plans to impose 50% tariffs on steel imports. His administration is scrambling to fight off a court decision that declared most of his tariff plan unconstitutional. That fight is likely to land before the Supreme Court. The first hint of where investors see the market and global economy headed this coming week will come Sunday when futures trading opens at 6 p.m. ET. Technology company Credo Technology Group () , after Monday's close. Soup maker Campbell Company () , before Monday's open. Crowdstrike Holdings () , after Tuesday's close. Retailer Dollar General () , before Tuesday's open. Retailer Dollar Tree () , before Wednesday's open. Database company MongoDB () , after Wednesday's close. Retailer lululemon athletica () , after Thursday's close. Software company DocuSign () , after Thursday's close. Alcoholic beverage company Brown-Forman () and () , before Thursday's open. GameStop () , before Friday's earnings may produce shock and awe first appeared on TheStreet on Jun 1, 2025 This story was originally reported by TheStreet on Jun 1, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Why Trump Media Stock Crashed This Week
The company announced it is raising $2.5 billion to purchase Bitcoin. Institutional investors will receive $1.5 billion in common stock as well as $1 billion in convertible notes. 10 stocks we like better than Trump Media & Technology Group › Shares of Trump Media & Technology Group (NASDAQ: DJT) are falling this week. The company's stock had plummeted 16.7% at 2:16 p.m. ET. The fall comes as the S&P 500 index has risen 1.4% and the Nasdaq-100 index has risen 1.1%. Trump Media announced on Tuesday that it is pursuing a new strategy of Bitcoin accumulation. The company is raising $2.5 billion in a private deal to create what will be the largest Bitcoin reserve held by a private company. Following in the footsteps of Michael Saylor's Strategy, Trump Media is betting a massive reserve of Bitcoin will drive future value. The company announced it is raising $2.5 billion through a private placement in exchange for $1.5 billion in common stock and $1 billion in convertible notes. The proceeds will go to purchasing Bitcoin, which the company will then hold as a core Treasury asset. Custodial services will be provided by Anchorage Digital and The announcement was made as the Bitcoin 2025 Conference kicked off in Las Vegas. CEO Devin Nunes pitched the move not just as a way to drive value, but as a political one, saying that holding Bitcoin is a hedge against "financial discrimination" and calling it "the apex instrument of financial freedom." Trump Media has a market cap of nearly $5 billion, despite sales last quarter of just $820,200. It is operating deep in the red with no clear path to profitability or sales growth. This stock is built almost entirely on hype, in my opinion, and investors would do well to stay away. Trump Media wasn't a good investment before today's announcement, and it is not one now, as the deal will likely dilute existing shareholders' portfolios. Before you buy stock in Trump Media & Technology Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Trump Media & Technology Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,985!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $853,108!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Trump Media Stock Crashed This Week was originally published by The Motley Fool
Yahoo
2 days ago
- Business
- Yahoo
Why Abercrombie & Fitch Stock Is Soaring This Week
Abercrombie reported another strong quarter despite tariff issues. The company was forced to lower guidance due to the levies, especially those imposed on China. The company believes the impact won't be as severe as some had feared. 10 stocks we like better than Abercrombie & Fitch › Shares of Abercrombie & Fitch (NYSE: ANF) are trading higher this week. The company's stock jumped 9.7% as of 2:15 p.m. ET. The move up comes as the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq-100 were up 1.4% and 1.1%, respectively. The clothing retailer released its quarterly numbers on Wednesday, beating Wall Street targets at a time when other retailers are struggling. Abercrombie posted a strong quarter and set relatively optimistic guidance, even in the face of uncertainty around Trump's tariffs. The company delivered earnings per share (EPS) of $1.59 on sales of $1.10 billion for the quarter, beating consensus expectations of $1.39 on $1.07 billion in sales. Investors were pleased with the performance, willing to look past the company's downward adjustments to its forecast of earnings and margins for the full year. The company was projecting EPS between $10.40 and $11.40, but now expects between $9.50 and $10.50. Operating margins guidance was also cut, from 14%-15% to 12.5%-13.5%. While downgrades are rarely well received, they were less than many anticipated, given Trump's introduction of sweeping tariffs in April. CEO Fran Horowitz was pleased, telling investors the quarter beat "expectations and was supported by broad-based growth across our three regions," attributing the success primarily to the Hollister brand, which "led the performance with growth of 22%, achieving its best-ever first-quarter net sales." She also noted that sales growth for Abercrombie's core brand had slowed slightly, but is still in the double digits. Abercrombie has reinvented itself, no longer the controversial brand of the early 2000s. It continues to show strong, resilient growth at a time when many clothing retailers are struggling. I think it is a solid pick. Before you buy stock in Abercrombie & Fitch, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Abercrombie & Fitch wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,985!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $853,108!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Abercrombie & Fitch Stock Is Soaring This Week was originally published by The Motley Fool Sign in to access your portfolio
CNBC
3 days ago
- Business
- CNBC
An options trade for playing a potential move to record levels in the Nasdaq-100
The month of May added to the remarkable V-shaped comeback equity rally in the wake of "liberation day." As I expect June to be another positive month in U.S. equities, I want to remain bullish as the bears seem to weaken on a daily basis. After a nearly 25% bounce off the April lows, I see more upside and an all-time high retest coming. I am defining my risk by using options on the Nasdaq-100 ETF (QQQ) to participate in this bullish move. May caught many bearish traders by surprise. Analysts continue to have to reconfigure their 2025 end-of-year price targets. The S & P 500 and Dow Jones Industrial Average popped 6% and 3.8%, respectively, in May. The higher beta Nasdaq-100 (QQQ) surged 9% this month, on track for its best month since November 2023. The continuous neck-snapping moves for investors trying to monitor tariffs on a 24/7 basis, feels more like watching Forrest Gump in one of his fast-paced ping-pong matches. President Donald Trump said this morning China violated its preliminary trade deal splashing out one of his social media posts after Treasury Secretary Scott Bessent said U.S.-China trade talks "are a bit stalled." U.S. equites turned lower after Trump's post to start trading for the last day of the month. I remain optimistic that we will find a deal with China but, as expected, it will not be a straight-line path for negotiations between our economies. Additional fuel into the bullish thesis: Inflation rate slipped to 2.1% in April, lower and cooler than expected, per the latest reading of the Fed's preferred inflation gauge (PCE). Markets have been grappling to determine if tariff policy has been inflationary or even possibly deflationary (demand dampened). Earnings season resiliency, cooler-than-expected inflationary data, coupled with my optimism on overall trade tariffs being resolved this Summer, markets seem poised to push higher and test the nerve of the under-invested. I am using the 200-day moving average down around $497 to help me establish what level I am selling puts at to finance the upside calls I am buying. $540 is the level I would like to see QQQs retest. The trade: Selling a risk reversal Sold the QQQ June 27 $500 puts for $6.25 Bought the QQQ June 27 $525 calls for $8.00 This debit spread costs $1.75 or $175 per one lot spread This trade was executed when QQQs was roughly trading $516 DISCLOSURES: Kilburg owns the spread above and is long QQQ. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
