5 Hours Ago
CNBC Pro: This hedge fund beat both the S&P 500 and the Dow. Here’s what its manager is buying — and avoiding
An Hour Ago
CNBC Pro: Sell these 6 mining stocks and load up on these 8 energy ones instead, UBS says
Sell mining shares and invest in energy stocks instead — that’s the message from the Swiss investment bank UBS.
On the one hand, the bank believes that “unsynchronized” global growth and recessionary concerns in the U.S. make it difficult for mining companies to perform well. On the other hand, UBS expects energy stocks to continue delivering bumper cash flow this year, according to UBS.
CNBC Pro subscribers can read more here.
— Ganesh Rao
11 Hours Ago
Stock futures rise slightly Sunday evening
Futures tied to the major averages opened slightly higher Sunday evening.
Dow Jones Industrial Average futures added 52 points, or 0.15%. S&P 500 futures rose 0.16% and Nasdaq 100 futures hovered above the flat line at 0.02%.
On Thursday, the major averages rose to end a holiday-shortened trading week. However, the S&P 500 and Nasdaq Composite posted weekly losses, while the Dow notched a weekly gain.
The S&P 500 lost 0.1% on the week, its first losing week in four, finishing at 4,105.02. The tech-heavy Nasdaq fell 1.1% over the course of the week to 12,087.96. The 30-stock Dow posted a weekly gain of 0.6% to close out at 33,485.29.
— Tanaya Macheel
