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Recommendation from EPE

Editas (EDIT) Dips on Portfolio Reprioritization, To Cut Jobs Editas (EDIT) enters a restructuring and portfolio reprioritization to focus on hemoglobinopathies and in vivo gene editing. The company is to reduce its workforce by almost 20%. Shares fall.

Recommendations, HAL, Alphabet, Delta, for this week.

Wow

Stock futures fall as traders weigh another large rate hike from Federal Reserve Investors deliberated the likelihood of a recession as policymakers signaled they'll continue to raise rates from here.

Interesting

Javier Garcia (@Kidd49) | Stocktwits $GTE https://www.yahoo.com/finance/news/enjoy-cheap-gas-while-because-174826669.html

Stock futures are flat

Stock futures are flat ahead of the Federal Reserve's expected interest rate hike Investors are waiting for the Federal Reserve's rate hike decision, slated for Wednesday afternoon.

Absolutely

Read those last 3 words again...

We're still falling and we cant get up lol

Dow futures tumble 250 points after FedEx recession warning, continuing big losses for the week The three major averages are on pace to notch their fourth losing week in five.

Right

How are you enjoying yours this ?

Going into the third quarter, some stocks that could make that portfolio look like something
SNOW,ULTA,PANW,FL,WMT,ENPH,DKS,TSLA,ON,PYPL. All have been upgraded by the top analyst.

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Dow slides 200 points, S&P 500 on pace to break 4-week win streak Stocks were lower on Friday, with the S&P 500 on track to break its four-week win streak as Wall Street's summer rally lost its steam

I would love to have that!

Breaking News The latest breaking news stories from Forbes.com.

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UPDATED FRI, AUG 19 20227:16 AM EDT

Stock futures fall, putting S&P 500 on track to snap a 4-week winning streak

Samantha Subin

Jesse Pound

WATCH NOW

VIDEO00:51

Markets point to lower open, S&P 500 on track to snap 4-week winning streak

Stock futures were lower on Friday, dimming hopes that the S&P 500 could grind out another positive week.
Futures for the S&P 500 fell 0.93%, while those tied to the Dow Jones Industrial Average dipped 260 points, or 0.77%. Nasdaq 100 futures slid 1.03%.
For the week, the S&P 500 entered Friday’s session up just 0.08%, and the Dow was up 0.7% in that time. The tech-heavy Nasdaq came into Friday riding a 0.6% weekly loss. The S&P 500 has posted a gain in each of the last four weeks.
While this week has seen relatively muted moves on Wall Street, it comes on the heels of a solid rally since mid-June.
“The market is doing a little consolidating this week, a little flip-flopping. ... I think this is still a healthy market,” said Frank Gretz, a technical analyst at Wellington Shields, citing solid advance-decline ratios in recent weeks.
There are no major economic reports due out on Friday, but traders are still parsing through some key earnings. Applied Materials shares rose slightly in the premarket on the back of a better-than-expected quarterly report.

32 MIN AGO

HP Inc. falls after Wells Fargo downgrade

Shares of HP Inc. fell more than 3% in the premarket after analysts at Wells Fargo downgraded the PC maker to underweight from equal weight.
“While we maintain a positive view on HP Inc.’s strong FCF and continued ex*****on on driving toward a richer portfolio mix (commercial PCs, consumer premium / gaming, and peripherals), we see deteriorating PC fundamentals and macroeconomic sensitivity in HP’s printer results,” Wells Fargo analyst Aaron Rakers wrote in a note Friday.
CNBC Pro subscribers can read the full story here.
—Fred Imbert, Michelle Fox

11 HOURS AGO

CNBC Pro: Investment pro says ‘don’t be a hero’ in markets

WATCH NOW

VIDEO04:48

Investment pro shares the tech stocks she’s buying

Market veteran Nancy Tengler says talk of a new bull market is premature, as she names the “reliable” stocks she likes right now.
“I think this rally has been excellent,” Tengler, who is CEO and chief investment officer of Laffer Tengler Investments, told CNBC “Squawk Box Asia” last week. “But I don’t think we’re off and running in a new bull market.”
She named several tech stocks that she thinks are “more reliable growers” — companies with a proven track record of growing earnings and dividends.
Pro subscribers can read the story here.
— Zavier Ong

12 HOURS AGO

CNBC Pro: Veteran strategist David Roche shares his views on the market rally

VIDEO02:38

David Roche says the market rally is mostly over

U.S. markets have picked up from their mid-June lows in recent weeks, but strategist David Roche believes current support for the market is set to run out.
Speaking to CNBC earlier this week, Roche, head of research firm Independent Strategy, said he thought the rally was “probably 75% over now.”
Pro subscribers can read more here.
— Jenni Reid

13 HOURS AGO

Bed Bath & Beyond plunges after Cohen dumps his stake

Shares of Bed Bath & Beyond are down more than 40% in extended trading after activist investor Ryan Cohen revealed that he had exited his position in the company.
Cohen had said in a filing earlier this week that his firm RC Ventures intended to sell all of its shares and call options of the struggling retail chain.
Bed Bath & Beyond had surged in recent weeks amid increased interest and trading activity from retail investors.
— Jesse Pound

13 HOURS AGO

Applied Materials, Bill.com rise after earnings

Earnings season is winding down, but investors received two encouraging reports on Thursday evening.
Shares of Applied Materials rose about 2% in extended trading after the company beat estimates on the top and bottom lines for its fiscal third quarter. The semiconductor equipment company also gave upbeat guidance for its fourth quarter, with revenue and earnings projections coming in higher than expected.
Meanwhile, shares of bill payment software firm Bill.com surged 19% after its own better-than-expected report. The company also said it plans to be profitable on an adjusted basis in the upcoming fiscal year.
— Jesse Pound

14 HOURS AGO

S&P 500, Dow hold slight gains for the week

With one day left in the trading week, here’s where the major averages stand:
The Dow:

Up 0.71% for the week, on track for its fourth positive week in five

Down 7.99% from its record high

The S&P 500:

Up 0.08% for the week, on track for its fifth-straight winning week

Down 11.10% from its record higher

The Nasdaq Composite

Down 0.63% for the week, on pace to snap a four-week winning streak

Down 20.03% from its record high

—Jesse Pound, Christopher Hayes

Intelligent Bill Payment Platform for Businesses | Bill.com Bill.com brings smart AP and AR automation and new bill payment capabilities to your business. Harness intelligent technology to help streamline your payments process.

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Sudden crypto market drop sends bitcoin below $22,000

PUBLISHED FRI, AUG 19 20225:13 AM EDTUPDATED 27 MIN AGO



Jenni Reid

Bitcoin is trading under $22,000, a more than three-week low, after a sudden sell-off.

Ether, Binance Coin, Cardano and Solana all fell at the same time.

The reason for the drop was not immediately clear.



Bitcoin and ether ended Thursday in the red, but ether has surged more than 100% since mid-June.

Yu Chun Christopher Wong | S3studio | Getty Images

Bitcoin on Friday fell to its lowest level in more than three weeks, dipping below $22,000 amid a sudden crypto sell-off in early European trading.
Bitcoin briefly plunged from $22,738 to below $21,500 at 2:30 a.m. ET, according to CoinDesk data, before recovering slightly to just under $22,000 over a 10-minute period.

It comes shortly after the world’s largest digital coin surpassed the $25,000 level for the first time since June following a rise in U.S. stocks.
Ether fell from $1,808 to $1,728 at the same time before staging a muted rebound. By 3:05 a.m. ET, it stood at $1,733, a level it has not traded at since Aug. 10.

Bitcoin price

Chart

Line chart with 2018 data points.

The chart has 1 X axis displaying Time. Range: 2022-08-11 19:57:40 to 2022-08-18 19:57:40.

The chart has 1 Y axis displaying values. Range: 23000 to 25500.

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