Klaus Vedfelt JPMorgan's chief global strategist, David Kelly, said the U.S. labor market is showing little sign of meaningful expansion, arguing that recent employment data point to a broad stall in hiring across the economy. Speaking to CNBC after the February jobs report, Kelly said underlying trends suggest employment growth has effectively flattened despite headline figures that may still sho...
Klaus Vedfelt JPMorgan's chief global strategist, David Kelly, said the U.S. labor market is showing little sign of meaningful expansion, arguing that recent employment data point to a broad stall in hiring across the economy. Speaking to CNBC after the February jobs report, Kelly said underlying trends suggest employment growth has effectively flattened despite headline figures that may still show modest gains. “We’re not seeing any job growth at all in this economy,” Kelly said, adding that the apparent strength in payroll numbers masks offsetting movements across industries. U.S. nonfarm payrolls dropped by 92,000 in February, vs. the 60,000 consensus—a sharp reversal from the 126,000 jobs added in January, according to the Bureau of Labor Statistics. According to Kelly, hiring gains in some sectors are being counterbalanced by job losses or slower recruitment elsewhere, leaving overall employment momentum weak. “If you look at the last several months, the trend is very weak,” he said. Kelly said businesses appear increasingly cautious about expanding their workforce, reflecting uncertainty about the economic outlook and the lingering effects of tighter monetary policy. Instead of hiring aggressively, many companies are focusing on improving productivity and managing costs, he added. While the slowdown raises questions about the durability of economic growth, Kelly said it does not necessarily signal an imminent recession. He noted that the Federal Reserve will likely monitor labor market conditions closely as policymakers assess whether interest rates should remain restrictive or eventually move lower later this year. “The trend right now is basically flat,” Kelly said. More on Jobs & Employment Nonfarm productivity rises more than expected in Q4, labor costs jump past consensus Job cuts announced in February drop 55% from January: Challenger Report U.S. private sector adds 63K jobs in February, more than expected: ADP jobs report
Nearby, a group of women sat in a circle with their young children. One, whose two-month-old baby was lying in a holdall bag in front of her, said she had grabbed nappies when she had fled but had forgotten milk. She said she worried about how they would keep the children warm at night.
Nearby, a group of women sat in a circle with their young children. One, whose two-month-old baby was lying in a holdall bag in front of her, said she had grabbed nappies when she had fled but had forgotten milk. She said she worried about how they would keep the children warm at night.
We are buying 50 shares of Cardinal Health at roughly $217.84. Following the trade, Jim Cramer's Charitable Trust will own 400 shares of CAH, increasing its weighting to 2.25% from about 2%. We're nibbling on more shares of the drug distributor and medical supplies company Cardinal Health. Shares are up in this down session for the broader market, but we continue to believe Cardinal's pullback ove...
We are buying 50 shares of Cardinal Health at roughly $217.84. Following the trade, Jim Cramer's Charitable Trust will own 400 shares of CAH, increasing its weighting to 2.25% from about 2%. We're nibbling on more shares of the drug distributor and medical supplies company Cardinal Health. Shares are up in this down session for the broader market, but we continue to believe Cardinal's pullback over the past few days was undeserved due to the company's lack of sensitivity to rising oil prices, the broader economy, and geopolitical tensions. We may not have started this new position at the best level on Monday , but the volatility this week is a great lesson on why we never do all our buying all at once. We like to slowly scale into position over time, ideally working our average cost basis lower. Separately, the financial sector is the worst-performing sector in the market on Friday due to the one-two punch of rising oil prices and weak jobs data. Goldman Sachs shares are now down about 6% year to date and off 16% from their highest level in January. Our thesis in Goldman Sachs is based on a wave of M & A and IPO activity, and there's some risk that might not come to fruition if this market volatility continues. But with SpaceX, Anthropic, and OpenAI all eyeing the public markets, we do not think the thesis is derailed. Goldman's dividend now yields about 2%, and there's a consistent share buyback program here to help pay us in case of a push out. We booked profits and downgraded Goldman to a hold-equivalent 2 in the $830s last December, and took more shares off earlier this year at around $950. Following this pullback, we are upgrading our rating back to a buy-equivalent 1. (Jim Cramer's Charitable Trust is long CAH and GS. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his...
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting ...
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting with us, check out the Odd Lots Discord , where you can hang out and talk with us and with other listeners 24/7. Here’s what Tracy’s thinking about... Once upon a time, a sharp rise in oil prices would trigger a bunch of chatter about an increase in petrodollars , the surplus revenues from Gulf energy exporters. Higher oil meant more money recycled into Treasuries, equities, and real estate, which helped boost a bunch of Western markets and prices. We’re not getting that today. In fact, we’re getting pretty much the opposite. Oil prices might be surging, but they’re doing so in direct response to a very real and physical war in the Middle East that now directly involves major petrostates. As Hiten Samtani has put it in this newsletter , the UAE has spent decades styling itself as the “capital of capital” in recent years. Saudi Arabia has long been a force in tech stocks by dint of its massive sovereign wealth funds. Add in Qatar, Bahrain and Kuwait, and we’re talking billions if not trillions of investment flows. But with the region now engulfed in conflict, all that capital looks increasingly constrained. While the jump in oil and natgas prices might mean an immediate boost to Gulf bottom lines, there are a lot of reasons to think that money isn’t going to get recycled into foreign assets anytime soon. Putting on my old International Relations hat, I think there are two important things happening right now. Firstly, there’s a lot of cost asymmetry emerging in modern warfare. Iranian drones might cost $25,000 each. But the intercept missiles used to shoot them down can cost...
PaulMcKinnon Bank of America Securities downgraded Tanger ( SKT ) to Neutral from Buy after the mall REIT's stock outperformed in the past month, bringing its risk/reward profile into balance.. "Our PO (price objective) implies a total return of 9%, and we now see more attractive risk/reward elsewhere in retail REITs," analyst Samir Khanal wrote in a note to clients. BofA maintains its price targe...
PaulMcKinnon Bank of America Securities downgraded Tanger ( SKT ) to Neutral from Buy after the mall REIT's stock outperformed in the past month, bringing its risk/reward profile into balance.. "Our PO (price objective) implies a total return of 9%, and we now see more attractive risk/reward elsewhere in retail REITs," analyst Samir Khanal wrote in a note to clients. BofA maintains its price target for SKT at $39. At Thursday's close, Tanger's ( SKT ) total return was 9.6% in the past month, compared with 1.1% for Simon Property Group ( SPG ) and 2.0% for Macerich ( MAC ). Tanger stock dropped 2.4% in Friday late morning trading. Tanger's 19.6x AFFO multiple "looks rich versus malls at 17.5x and shopping centers at 18.9x, despite comparable mid-single-digit NOI (net operating income) and FFO growth," Khanal said. Furthermore, elevated capital expenditures are likely to be a headwind to AFFO growth, he said. " While SKT ' s re-tenanting efforts have led to healthy spreads and higher productivity, near-term increases in capex spend — particularly given lower ~80% renewal rates as part of ongoing portfolio refinement aimed at attracting younger shoppers — will likely continue to weigh on AFFO growth," the analyst explained. BofA's Neutral rating on Tanger ( SKT ) aligns with the SA Quant ratin g of Hold and breaks with the average Wall Street rating of Buy. More on Tanger Tanger Inc. (SKT) Presents at Citi's Miami Global Property CEO Conference 2026 Transcript Tanger: Quietly Outperforming The Market Tanger Inc. (SKT) Q4 2025 Earnings Call Transcript Tanger projects 2026 core FFO per share growth of over 5% amid record leasing and expanded liquidity Tanger Q4 earnings beat amid retailer demand; guidance expects robust growth
While TikTok operates in the United States under new ownership , Apple has deployed technical restrictions to block iOS users in the United States from downloading other apps made by the video platform’s Chinese parent organization ByteDance. ByteDance owns a vast array of different apps spanning social media, entertainment, artificial intelligence, and other sectors. The leading one is Douyin , t...
While TikTok operates in the United States under new ownership , Apple has deployed technical restrictions to block iOS users in the United States from downloading other apps made by the video platform’s Chinese parent organization ByteDance. ByteDance owns a vast array of different apps spanning social media, entertainment, artificial intelligence, and other sectors. The leading one is Douyin , the Chinese version of TikTok, which has over 1 billion monthly active users. While most of those users reside in China, iPhone owners around the world have traditionally been able to download these apps from anywhere without using a VPN, as long as they have a valid App Store account registered in China. That’s not true anymore. Starting in late January, iPhone users in the US with Chinese App Store accounts began reporting that they were encountering new obstacles when they tried to download apps developed by ByteDance. WIRED has confirmed that even with a valid Chinese App Store account, downloading or updating a ByteDance-owned Chinese app is blocked on Apple devices located in the United States. Read full article Comments
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on SolarEdge Technologies (SEDG – Research Report), Rigetti Computing (RGTI – Research Report) and Broadcom (AVGO – Research Report). SolarEdge Technologies (SEDG) In a report released today, Philip Shen from Roth MKM maintained a Hold rating on SolarEdge Technologies, with a price target of $40.00. The c...
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on SolarEdge Technologies (SEDG – Research Report), Rigetti Computing (RGTI – Research Report) and Broadcom (AVGO – Research Report). SolarEdge Technologies (SEDG) In a report released today, Philip Shen from Roth MKM maintained a Hold rating on SolarEdge Technologies, with a price target of $40.00. The company’s shares closed last Thursday at $35.10. According to TipRanks.com, Shen is a 4-star analyst with an average return of 8.0% and a 42.4% success rate. Shen covers the Technology sector, focusing on stocks such as Shoals Technologies Group, Array Technologies, and Daqo New Energy. ;'> SolarEdge Technologies has an analyst consensus of Hold, with a price target consensus of $34.25, representing a -6.3% downside. In a report issued on February 18, William Blair also maintained a Hold rating on the stock. See Insiders’ Hot Stocks on TipRanks >> Rigetti Computing (RGTI) Benchmark Co. analyst David Williams maintained a Buy rating on Rigetti Computing today and set a price target of $35.00. The company’s shares closed last Thursday at $16.10. According to TipRanks.com, Williams is a 5-star analyst with an average return of 29.7% and a 56.2% success rate. Williams covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Lattice Semiconductor, and Power Integrations. ;'> Rigetti Computing has an analyst consensus of Strong Buy, with a price target consensus of $35.13, representing a 106.8% upside. In a report issued on March 3, Wedbush also maintained a Buy rating on the stock with a $40.00 price target. Broadcom (AVGO) Jefferies analyst Blayne Curtis maintained a Buy rating on Broadcom today and set a price target of $500.00. The company’s shares closed last Thursday at $331.75. According to TipRanks.com, Curtis is a top 100 analyst with an average return of 31.5% and a 63.3% success rate. Curtis covers the Technology sector, focusing on ...
RiverNorthPhotography/iStock Unreleased via Getty Images Thesis Every year we write an updated coverage piece on one of our favorite cash parking vehicles, namely the T Rowe Price Ultra Short-Term Bond ETF ( TBUX ). Unlike treasury funds, TBUX does take small risks via its corporate sleeve, but its yield is also slightly higher. We enjoy this fund due to its robust analytics and performance, and w...
RiverNorthPhotography/iStock Unreleased via Getty Images Thesis Every year we write an updated coverage piece on one of our favorite cash parking vehicles, namely the T Rowe Price Ultra Short-Term Bond ETF ( TBUX ). Unlike treasury funds, TBUX does take small risks via its corporate sleeve, but its yield is also slightly higher. We enjoy this fund due to its robust analytics and performance, and we are going to show you the best utilization in today's macro world. Uncertainties Abound With the start of the Iran conflict , uncertainties have skyrocketed. Starting with higher oil prices to inflationary fears if the conflict is set to persist for a long period of time. Nothing happens in a vacuum, and if inflation does spike higher, we are going to see the impact on U.S. equities as well via EPS reductions. While some debate if higher oil prices are inflationary or deflationary (via demand destruction), we simply like to point out that consumers will buy fewer items since they will cost more, thus pressuring net income and earnings. While some investors like to actively play the markets and position themselves accordingly, we are more of the opinion that in complex situations like today's, regular investors are better suited to hedging via a larger cash position rather than buying options or inverse ETFs. One of the cash parking options is TBUX, which we are going to discuss at length below. ETF Composition The fund represents a classic short-term bond fund via its composition: Ratings (Fund Fact Sheet) Its holdings are investment grade, with a very high 27% concentration in AAA-rated paper. The second largest bucket is represented by BBB assets, which make up 32% of the fund holdings. Corporate bonds make up most of the holdings, with the layering in of credit risk providing for the excess spread over simple treasury funds: Holdings (Fund Fact Sheet) Corporate bonds are 54% of the holdings, followed by ABS at 25% and MBS at 8.8%. This fund is very good at identifying ...
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Rigetti Computing (RGTI – Research Report) and Broadcom (AVGO – Research Report) with bullish sentiments. Rigetti Computing (RGTI) In a report released today, David Williams from Benchmark Co. maintained a Buy rating on Rigetti Computing, with a price target of $35.00. The company’s shares closed last Th...
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Rigetti Computing (RGTI – Research Report) and Broadcom (AVGO – Research Report) with bullish sentiments. Rigetti Computing (RGTI) In a report released today, David Williams from Benchmark Co. maintained a Buy rating on Rigetti Computing, with a price target of $35.00. The company’s shares closed last Thursday at $16.27. According to TipRanks.com, Williams is a 5-star analyst with an average return of 29.7% and a 56.2% success rate. Williams covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Lattice Semiconductor, and Power Integrations. ;'> Currently, the analyst consensus on Rigetti Computing is a Strong Buy with an average price target of $35.13, implying a 106.8% upside from current levels. In a report issued on March 3, Wedbush also maintained a Buy rating on the stock with a $40.00 price target. See Insiders’ Hot Stocks on TipRanks >> Broadcom (AVGO) In a report released today, Blayne Curtis from Jefferies maintained a Buy rating on Broadcom, with a price target of $500.00. The company’s shares closed last Thursday at $333.37. According to TipRanks.com, Curtis is a top 100 analyst with an average return of 31.5% and a 63.3% success rate. Curtis covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Navitas Semiconductor, and Allegro MicroSystems. ;'> Currently, the analyst consensus on Broadcom is a Strong Buy with an average price target of $457.89, implying a 38.7% upside from current levels. In a report released today, TipRanks – PerPlexity also upgraded the stock to Buy with a $347.00 price target. Disclaimer & DisclosureReport an Issue
(RTTNews) - After moving sharply lower early in the session, stocks have regained some ground over the course of the trading day on Friday but continue to see considerable weakness. The early slump dragged the Dow down to its lowest intraday level in over three months. Currently, the major averages are well off their worst levels but still posting significant losses. The Dow is down 499.22 points ...
(RTTNews) - After moving sharply lower early in the session, stocks have regained some ground over the course of the trading day on Friday but continue to see considerable weakness. The early slump dragged the Dow down to its lowest intraday level in over three months. Currently, the major averages are well off their worst levels but still posting significant losses. The Dow is down 499.22 points or 1.0 percent at 47,455.52, the S&P 500 is down 65.55 points or 1.0 percent at 6,765.16 and the Nasdaq is down 179.87 points or 0.8 percent at 22,569.11. The weakness on Wall Street comes amid an extended surge by the price of crude oil, with U.S. crude oil futures soaring to nearly $90 a barrel. Crude oil has skyrocketed over the past week as the U.S.-Iran conflict spreads across the Middle East, leading to concerns about a global energy crisis. As the Middle East conflict enters its seventh day, Israel has intensified air strikes on Iran, while the U.S. said its attacks on Iran are going to "surge dramatically." President Donald Trump said in a post on Truth Social this morning that there would be no deal with Iran except "unconditional surrender." "After that, and the selection of a GREAT & ACCEPTABLE Leader(s), we, and many of our wonderful and very brave allies and partners, will work tirelessly to bring Iran back from the brink of destruction, making it economically bigger, better, and stronger than ever before," Trump said. Trump previously said the U.S. wants to be involved in the process of choosing the person who is going to lead Iran into the future. Negative sentiment was also generated in reaction to a closely watched Labor Department report showing U.S. unemployment unexpectedly decreased in the month of February. The report said non-farm payroll employment slumped by 92,000 jobs in February after jumping by a downwardly revised 126,000 jobs in January. Economists had expected employment to increase by 60,000 jobs compared to the addition of 130,000 jobs orig...
In trading on Friday, shares of John Wiley & Sons Inc. (Symbol: WLY) crossed above their 200 day moving average of $36.66, changing hands as high as $36.81 per share. John Wiley & Sons Inc. shares are currently trading up about 4.7% on the day. The chart below shows the one year performance of WLY shares, versus its 200 day moving average: Looking at the chart above, WLY's low point in its 52 week...
In trading on Friday, shares of John Wiley & Sons Inc. (Symbol: WLY) crossed above their 200 day moving average of $36.66, changing hands as high as $36.81 per share. John Wiley & Sons Inc. shares are currently trading up about 4.7% on the day. The chart below shows the one year performance of WLY shares, versus its 200 day moving average: Looking at the chart above, WLY's low point in its 52 week range is $28.38 per share, with $47.26 as the 52 week high point — that compares with a last trade of $36.30. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Friday, shares of the iShares ESG Aware USD Corporate Bond ETF (Symbol: SUSC) crossed below their 200 day moving average of $23.35, changing hands as low as $23.28 per share. iShares ESG Aware USD Corporate Bond shares are currently trading off about 0.4% on the day. The chart below shows the one year performance of SUSC shares, versus its 200 day moving average: Looking at the chart...
In trading on Friday, shares of the iShares ESG Aware USD Corporate Bond ETF (Symbol: SUSC) crossed below their 200 day moving average of $23.35, changing hands as low as $23.28 per share. iShares ESG Aware USD Corporate Bond shares are currently trading off about 0.4% on the day. The chart below shows the one year performance of SUSC shares, versus its 200 day moving average: Looking at the chart above, SUSC's low point in its 52 week range is $22.15 per share, with $23.825 as the 52 week high point — that compares with a last trade of $23.35. Click here to find out which 9 other ETFs recently crossed below their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Wednesday, shares of the iShares iBoxx $ Investment Grade Corporate Bond ETF (Symbol: LQD) crossed below their 200 day moving average of $105.98, changing hands as low as $105.75 per share. iShares iBoxx $ Investment Grade Corporate Bond shares are currently trading off about 0.5% on the day. The chart below shows the one year performance of LQD shares, versus its 200 day moving aver...
In trading on Wednesday, shares of the iShares iBoxx $ Investment Grade Corporate Bond ETF (Symbol: LQD) crossed below their 200 day moving average of $105.98, changing hands as low as $105.75 per share. iShares iBoxx $ Investment Grade Corporate Bond shares are currently trading off about 0.5% on the day. The chart below shows the one year performance of LQD shares, versus its 200 day moving average: Looking at the chart above, LQD's low point in its 52 week range is $98.24 per share, with $111.40 as the 52 week high point — that compares with a last trade of $105.75. Click here to find out which 9 other ETFs recently crossed below their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.