2 hours ago
CNBC Pro: Interest rates rise in Europe. HSBC identifies the ‘most and least vulnerable’ stocks in the region
The European market was affected by the rise in interest rates on corporate lending.
“Our economists expect the bulk of interest rate headwinds to emerge over the next 18 months or so,” HSBC analysts said in a September 15 note.
CNBC Pro takes a look at the bank’s two screens of the “most and least risky” stocks: one for “cash-rich” companies and the other for “highly leveraged” names.
CNBC Pro subscribers can read more here.
– Amala Balakrishner
10 hours ago
Goldman Sachs says the Fed is done raising interest rates even if the dot chart looks different
The Federal Reserve has raised interest rates this year, even if a detailed chart due to be released this week shows another increase, according to Goldman Sachs.
“In November, we believe that further labor market rebalancing, better news on inflation, and the prospect of upcoming growth in the fourth quarter will convince more participants that the FOMC can forego raising interest rates altogether this year, as we believe it will.” Ultimately,” the company president said. Economist Jan Hatzius wrote on Saturday.
“But we expect the dot plot to show that a slim majority of 10 to 9 is still moving towards raising interest rates again, just to maintain flexibility for now,” he added.
The dot chart shows where individual members expect to see interest rates trend over the next several years. The Fed concludes its two-day policy meeting on Wednesday.
– Sarah Maine
2 hours ago
CNBC Pro: Morgan Stanley says higher oil prices could boost global commercial real estate stocks
The recent increase in oil prices could provide a boost to London’s prime office property market, according to Morgan Stanley.
The Wall Street bank explained the newfound relationship between sectors and named two stocks expected to benefit from the trend.
CNBC Pro subscribers can read more here.
– Ganesh Rao
14 hours ago
Oil prices rose on Monday amid concerns about tight supplies
Oil prices rose as investors pondered the possibility of a widening supply deficit in the fourth quarter.
US WTI rose more than 1% early Monday and reached a high of $91.70, the highest level since November 8, 2022 when WTI traded at $92.17. So far this quarter, WTI is up 29.8%, putting it on pace for its first positive quarter in three quarters.
Brent crude futures reached a high of $94.78, also recording their highest level since November 16, 2022, when they were traded at $94.79.
The VanEck Oil Services ETF (OIH) rose 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 Francola
2 hours ago
CNBC Pro: Analysts identify two stocks to play in the $104 billion electric vehicle charging industry — giving one a 95% upside
Analysts at investment bank TD Coin said public electric vehicle charging infrastructure remains “vital” in stimulating more EV adoption.
The world will need a “massive and rapid” build-out and installation of charging infrastructure, the bank concluded, which it estimates will require a total US investment of $104 billion through 2030.
Here are some of the areas that will capture the bulk of this opportunity, as well as stocks that could benefit, according to TD Cowen.
CNBC Pro subscribers can read more here.
-Weezin Tan
7 hours ago
Oil, energy and utility services outperform significantly in September
Oil services, energy and utility stocks have significantly outperformed so far in September, and oil services and energy’s gains in the third quarter were even more dramatic.
Month to date, oil services stocks (as shown in the VanEck Oil Services ETF) are up [OIH]) by 5.2%, the S&P 500 Energy by 4.2% and even the S&P 500 Utilities by 3%. The S&P 500 fell 1.1% in September.
The quarter so far shows a wider disparity: Oil services rose 24.7%, energy rose 13.2%, the S&P 500 rose less than 0.2%, and utilities fell 1.7%.
The energy sector was the best-performing sector on the S&P 500 in Monday’s session with a gain of 0.7%.
Note: Don’t look now, but Nvidia was down nearly 11% in September and Taiwanese semiconductor shares were down 12% in the third quarter.
-Scott Schnepper
9 hours ago
Apple leads the Dow Jones index higher
Apple led the Dow Jones Index higher in Monday’s session as investors cheered Wall Street’s stance on new demand for iPhones.
Both Morgan Stanley and Goldman Sachs said they have positive expectations for demand for the new iPhone. Specifically, Morgan Stanley described pre-order data as “better than feared.”
Shares of big technology companies rose 2.5% in Monday’s session. Visa, Travelers, Honeywell and Intel were also among the best performers, all rising more than 1%.
American Express and Boeing limited the mid-major companies’ gains to losses of more than 2% and 1%, respectively. Overall, the 30-stock index was up 0.2% around 1:45 PM ET.
-Alex Haring
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